Hello all
After realizing the volume profile is my new favorite tool i decide to start publishing my ta ideas...so here it is...
since BTC left the $10,000 range we have had 2 major rally's and are technically still in an uptrend since are last swing low was a higher low...that said taking a look at the POC of these rally's we can see that the POC has not been breached since our last swing low.....( see what I'm getting at : )
this leads me to believe that since we are in an "uptrend" the dbl rally POC will function as a magnet...
so as of now i will be taking longs on pull backs and targeting our magnetic POC...
After realizing the volume profile is my new favorite tool i decide to start publishing my ta ideas...so here it is...
since BTC left the $10,000 range we have had 2 major rally's and are technically still in an uptrend since are last swing low was a higher low...that said taking a look at the POC of these rally's we can see that the POC has not been breached since our last swing low.....( see what I'm getting at : )
this leads me to believe that since we are in an "uptrend" the dbl rally POC will function as a magnet...
so as of now i will be taking longs on pull backs and targeting our magnetic POC...