With so much indecision in the market the sentiment has been forked with Bulls and Bears ... the highest since 2003 according to bloomberg's analysis on the S&P targets for analysts High vs Low targets - This general sentiment goes thru out markets that just follow an ebb and flow till something happens in that particular sector. A good example of this is...
BINANCE:BTCUSDT FVGs up top 38k max Breakers down below.
Daily Time Frame Breaker Bars outlined in dashed red. New Week Opening Gaps from May and June 2022 Surpassing these two arrays will strengthen or renew Bitcoin's outlook. However this movement is a re-tracement following last years sell off. Bitcoin being touted as a safe-haven for inflation didnt fair well during last years market purge where flight to...
Using ICT concepts, you can see price react to levels on Fair Value Gaps (FVG) Quadrant Levels.
Quote by @I_Am_The_ICT via Twitter “An ICT Event Horizon PD Array - Halfway between a NWOG and the closest NWOG is my Event Horizon. It will not allow price to escape the draw to the NWOG & it will create a surge towards the NWOG it got too "close" to but yet reached.” Noted New Week Opening Gaps (NWOG) using cryptonnnite’s script (Keyword search “weekly” in...
Pointed out FVGs and 6pm Open for price action landmarks or targets. Mainly using ICT concepts.
ICT Concepts NWOG: New Week Opening Gap Difference between Friday's Close Price & Sunday's Open Price. C.E.- Consequent Encroachment or "middle point" of any Gap or Inefficiency.
ICT Concepts NWOG: New Week Opening Gap Difference between Friday's Close Price & Sunday's Open Price. C.E.- Consequent Encroachment or "middle point" of any Gap or Inefficiency.
FVGs from Previous week labeled includes 15min and smaller time frame gaps within. Opening prices for ES in green. Fib levels from swing points.
Currently in a Weekly Fair Value Gap. Approaching a Weekly High established 23 weeks ago. Targets on the sell side created by fibs with volume blocks and fair value gaps in the way.
Momentum targets at 10500 - 12000. Balancing to get Sellers on board. Short Now, Buy Later. Either way, Be Patient