Hourly PA closing above previous week's point of control (volume profile) Looking for a quick scalp on a continued reaction at that key pivot level
Scalp shorting at the level where there's confluence between: Yesterday's value area low (volume profile) Last week's volume point of control (volume profile) Just looking for a quick scalp. Nothing sexy.
Previous weekly low taken out and hourly PA looks very strong. Looking for those swing highs to get taken out as it pushes back to last week's point of control (red) on the volume profile. Potential for a strong squeeze in play.
Looks bottomed at that key daily swing low. 2nd attempt at this long
Hourly just took out a key daily swing low 1 hour PA just immediately thrusted back above the low and closed strong above it. I've market-longed this with the idea that this is about to squeeze the bears.
Based on previous weeks volume profile and current 1 hour price action - Bid set at last week's POC (point of control) on the volume profile - Roughly aiming for the value area high of the volume range - Risking 1% - 1.9R
Based on previous weekly volume profiles and 1 hour price action - Currently closing below the prev week's value area low - Possible retest of the value area high of the week before last - Confluent with the high of an untested 12h order block
Basis: Weekly volume profile // 1 hour timeframe price action - Hourly price action currently losing the point of control level for the current week - The current value area low at 95,852 is worth a bid for a short term move to the next supply zone - Risk: 1%
- Bullish daily bias - Volume profile shows 0.4728 as the current value area low of the week - Confluent with an untested 4h order block - Expecting a decent reaction from buyers there. - Very thin liquidity between there and current price (0.5185). Could lead to a very swift move down into that demand.
Based on untested 12 hour order block Confluent with a spike in volume on the previous session volume profile Target may change depending on reaction from entry
4h highs getting broken / structure shift. Possible breakout Entry bid set at 4.5568 May adjust profit target depending on reaction/how well it's going after entry.
Litecoin - Still has some tail wind from potential SEC ETF approvals incoming. - Hourly price action compressing into HTF resistance - Untested weekly open/close levels above calling...