BTCUSDT - Falling Wedge and Levels

BTCUSDT 15 minute UTC + 1

Today 23,400 morning has been heavy resistance. I was expecting the nPoc at 23,100 was quite surprised the breakout from the middle of maybe nowhere. Hmm, maybe a swing failure, to trap longs.

Amazing the levels how well respected they have been, nPoc, Weekly etc. It a beautiful thing. I missed the trade personally, and thinking a retrace to nPoc, well at least where I find a value area to trade. Too much volatility, to enter late and after a pump, riskay.

Not trying to predict the price movement. This is a good indication of support and resistance levels. Know your levels. Next major resistance is the daily open price. This will flip the current big resistance level at approx. 23,400 as a support. 23,300 my current support level (toit - aka tight).

코멘트:

I always do this. What I have learned, I usually choose the nPoc too far down. So, to me 22, 650 looks like a juicy nPoc. I usually choose the nPoc too far down and miss the trade. To conservative. But I think, you need to decide based on the market structure and support i.e. daily, weekly monthlies etc.. Based on my experience, probabilities have always been in favour playing the most recent nPocs. I have limited experience. Should we retrace further, I would say for me a good VA would be at nPoc 23,100.

Also, the trade bounce from nowhere, that may have been a front run? Not hitting the Daily Open also? Interesting.

코멘트:

For example, from above. Next level of support and perhaps a good value to order. 23, 325 nPoc. Same as yesterday however, still a very valid support! Sit waiting for levels below and miss the trade. Interesting.

코멘트:

23,325 is a 0.618 fib. I think as it is a retest from yesterday, which may make it a weaker support.

코멘트:

Dollar DXY closing. Interesting to see the reaction once closed! Will support be broken on BTC? Suspense!

코멘트:

Bouncing of vWap. 12 hour support and pmPoc . Not a bad support. Bullish divergence on order flow and everyone opening shorts!

코멘트:

Pamp it .. to daily open and dVAH at least.

코멘트:

Milestone 1 : 23,500

코멘트:

Support 23,275.

코멘트:

Resistance 23,475 by 200k

코멘트:

Were at pdVal (yesterdays value area low), Resistance between 23,525 and 23,650

코멘트:

23, 650 the daily open!

코멘트:

Get above 23,725 and Its GAME OVER for downside. Need to plan the next resistance.

코멘트:

Based on comment above. If the prce doesnt reject and considering breaking and flipping daily to support. This is trading. No balls of telling the future. lol

코멘트:

nPoc (naked point of control) at 23550.00 major resistance.

코멘트:

Weekly 23,450 now support! Its a big one in my opinion. Fresh! As in fresh resistance. I watched this F%*er all morning. Lot of confluence here.

코멘트:

Shorts opening on order flow 15 minute

코멘트:

Resistance is futile. :)

코멘트:

Look where we are guys.

코멘트:

22.886. the level to watch we do not lose! Key level of note, 0.382 Fib from swing low to swing high from last impulse low. In my opinion. 23,725 and the rest is history. 23, 450 support!

코멘트:

코멘트:

One thing I HATE about posting. And why Im going to stop, is trading is a level game. No one knows the future, the price (hate to say price because it has nothing to do with price), can go in any direction at anytime quicker than a post. Its misleading and gives bias to YOUR analysis, which may be more accurate. This is my last post. Only you know what is happening or NOT, if you dont you better know because youre the only one in control, or SHOULD BE. Its the only way. Only you can save your day, Trust know one but yourself and what you know and have learned.