Battle lines have been drawn.
We are in a very interesting predicament.
1) We have travelled the whole length of Value, of a Volume Profile starting at lows of Thursday 8th to highs of Friday 16th.
2) This ride to lower Value was stopped dead in its tracks by a Low Volume Node directly below us (4370.00/4380.50) that was no coincidence, the bulls in my opinion are aware that Node is there and they have been defending for a while now, check out the previous weeks lows, they were defended to the tick.
3) Below the LVN there are several (Naked) zones they will be of special interest to me, for either exit or entry levels.
4) I should give credit to (rakeshreddym) he posted this morning 24th, a head and shoulders that had formed by the end of close on Friday 23rd.
5) I have a small naked day zone, that will get hit at the ETH open (will practically open within my Day Zone for Sunday/Monday so it's not really tradeable unless your super fast.
So I am going to let that go, my second option is to wait for that Day Zone to be breached and retested.
6) one last note, every POC for day ETH session since last Friday 16th has been lower.
Have fun and trade within your means.
1) We have travelled the whole length of Value, of a Volume Profile starting at lows of Thursday 8th to highs of Friday 16th.
2) This ride to lower Value was stopped dead in its tracks by a Low Volume Node directly below us (4370.00/4380.50) that was no coincidence, the bulls in my opinion are aware that Node is there and they have been defending for a while now, check out the previous weeks lows, they were defended to the tick.
3) Below the LVN there are several (Naked) zones they will be of special interest to me, for either exit or entry levels.
4) I should give credit to (rakeshreddym) he posted this morning 24th, a head and shoulders that had formed by the end of close on Friday 23rd.
5) I have a small naked day zone, that will get hit at the ETH open (will practically open within my Day Zone for Sunday/Monday so it's not really tradeable unless your super fast.
So I am going to let that go, my second option is to wait for that Day Zone to be breached and retested.
6) one last note, every POC for day ETH session since last Friday 16th has been lower.
Have fun and trade within your means.
Penafian
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