Hi, friends. Short view at BTC: 1. Phase: down impulse. 2. Priority/signal - sell positions from sell area 7150-7250. 3. To restore the market, bull's need to break out 7460. The rest of the information is on the chart.
Enter: 7150-7250 Take profit 1: 6910 Take profit 2: 6730 Take profit 3: 6360 Stop: 7340
Glossary of terms
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
i guess btc saw your chart and thought ... ok the story is out .. lets hurry up ..... right down to the nose all targets met even tho i didnt dare to trade them i have to give respect to nailing it like that .. cheers