Greater Value Area Acceptance on BTC

2 dic 2023

Aside from forming a pretty solid ascending triangle, BTC seems to have also found acceptance into the shown previous value are, where a lot of consolidation happened with in this range. Typically when PA finds acceptance into a value area, it likes to make a complete move to the other side oof said range. Currently testing the POC of the range, failure to break here and find support above the level could lead to a pull back down to the VAL again

3 dic 2023

Nota

PA has made a solid break of the POC, in doing so has created an H4 FVG right around the POC of the range. PA could potentially see a pull back to fill FVG before continuing upward momentum. Watching for a reaction at the 3Daily level above, expecting resistance of some sort.

5 dic 2023

Nota

PA blasted through the 3Daily level, nailing Target 2 at the VAH of the range.