Sats is fairly new still and seems to have formed a large range.
Currently we sit at the bottom of this massive range.
Ive marked out the range points of control throughout its lifetime on this chart.
You can clearly see the possible traffic areas where we could see resistance above us.
Anything can happen but from a TA perspective this is at the bottom looking to rotate back up from a range perspective.
Ive used the Fixed Range Volume Profile to find the POCs (white lines) of each mini range as you can see. These key levels will be magnets for support and resistance in the future when price returns higher.
My current target is the Yearly Volume Weighted Average Price (Yvwap) you can see it land right around that orange 618 fib level. Would be a nice move. Anything can happen in these conditions with BTC trying to decide to go higher or sink below to range more as well.
Not Ever Financial Advice.
I only draw cartoons.
Currently we sit at the bottom of this massive range.
Ive marked out the range points of control throughout its lifetime on this chart.
You can clearly see the possible traffic areas where we could see resistance above us.
Anything can happen but from a TA perspective this is at the bottom looking to rotate back up from a range perspective.
Ive used the Fixed Range Volume Profile to find the POCs (white lines) of each mini range as you can see. These key levels will be magnets for support and resistance in the future when price returns higher.
My current target is the Yearly Volume Weighted Average Price (Yvwap) you can see it land right around that orange 618 fib level. Would be a nice move. Anything can happen in these conditions with BTC trying to decide to go higher or sink below to range more as well.
Not Ever Financial Advice.
I only draw cartoons.
Nota
Local levels 24m chart (The above chart is zoomed out 4hr timeframe) Here is the local action im looking for.Nota
Nota
Your welcome.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
***Get 25% off Nami indicators - nami-trading.com/?dt_id=1375915
***CRYPTO TAXES use KOINLY - koinly.io/?via=97548A41&utm_source=affiliate
***JOIN TRADINGVIEW tradingview.com/?aff_id=137
***CRYPTO TAXES use KOINLY - koinly.io/?via=97548A41&utm_source=affiliate
***JOIN TRADINGVIEW tradingview.com/?aff_id=137
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.