The power of the Order Block & Bitcoins Inevitable run up
The Power of the Order Block.
Please refer to chart for reference.
What is a order block?
A order block will show a big wick up and down, and close as square box.
What does this represent?
These little square boxes represent there was a battle happening in the price action for support and or resistance.
Why is the order block so powerful?
As you can see on the chart I have Highlighted where I have found each order block on the Daily Time frame While providing arrows for when the flip from resistance to support was complete.
As you can see on the chart after bit had a crazy run up it need time to cool off, and as it is in such a strong up trend you should simply be looking to buy the dips at the correct levels.
By understanding what these candle sticks mean you can get a great understanding of where the market is heading.
Once coming down to retest these new order block levels, you can see sometimes an overextension occurs through the support level whilst always maintaining a daily close above.
You can use these order blocks to find great entries in a bull market.
Please refer to chart for reference.
What is a order block?
A order block will show a big wick up and down, and close as square box.
What does this represent?
These little square boxes represent there was a battle happening in the price action for support and or resistance.
Why is the order block so powerful?
As you can see on the chart I have Highlighted where I have found each order block on the Daily Time frame While providing arrows for when the flip from resistance to support was complete.
As you can see on the chart after bit had a crazy run up it need time to cool off, and as it is in such a strong up trend you should simply be looking to buy the dips at the correct levels.
By understanding what these candle sticks mean you can get a great understanding of where the market is heading.
Once coming down to retest these new order block levels, you can see sometimes an overextension occurs through the support level whilst always maintaining a daily close above.
You can use these order blocks to find great entries in a bull market.
Commentaire:
Beautiful tag of the Daily Order Block
420Fam