History & Expected Forecast based on Price Action

30 déc. 2023

1 week chart squeezed into 3 days to get a broader look.
1. POC: most visited by BTC
2. Contractions: created by smart money, a magnet must visit & re-visite
3. Inducement: history and hidden pivot forecast
4. Future forecast: BTC volume and will re-visit, Will focus on these for now
5. OB: Bear is waiting to wage war against BTC traders
6. Red arrow pointing down for a fall: possible, we won’t know until we reach destination

On a 7 day chart: FYI: POI is at 47k. Next POI is at 63k. Liquidity is in the 50 O’s.

Shows for a fall to 33k based on hidden price action pivots but not to worry yet. No signals yet.

30 déc. 2023

Note

31 déc. 2023

Note

Pivot points are essentially price levels that are calculated based on the average of the previous day's high, low, and closing prices, and can help traders identify potential entry and exit points for their trades.
In the pivot point formula, the previous trading day data is used to calculate the data for the current trading day. Because of this, the levels on the chart are relevant to only the present day.
A pivot is a turning point in the price of an asset and often coincides with key levels of support and resistance. When a trader understands and uses pivots effectively, this can increase their potential profit.
VS
Chart patterns are 5 out of 5. I don’t trust them, only guidelines. I see to many idea flags and triangles pointing up but it’s never a security: