Bitcoin - GAP formation/Swing level
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Hello Traders!
Thanks for comming to this idea!
Please click on like button if you like my ideas, it motivates me to keep making contents for you all for free.
In the chart you can see my new swing level update, where I am going to long with right MM. I also tried to point out the popular price action formation gap. You can see the label directly in the chart. If there is interest, I can describe the superstructure gap in the next idea, which is a StarGap formation.
In the chart you can see also key levels which are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.
If you would like my free levels directly into your chart, write me message or comment, I will send you the indicator.
Full descriptions of GAP formation
Gap is an anomaly in price movement caused by the initiative of buyers or sellers. As part of a rapid movement, the buying or selling volume is not offset by the counterparty and a so-called single-Gap volume is created. We can tell this from the chart simply by the fact that there is a so-called volume hole between the three candles. There is no common point between the first and third candle. Gap is a very popular and effective formation, in which we expect to fill the missing volume and the so-called closing of the gap, which will occur in most cases, but we do not know when it will occur. We also use the Gap formation as an indication of a new movement. Where we try to enter in the direction of a newly started trend during pullback. The gap serves as a very significant S / R zone.
Share your ideas. analysis in comments!
Hope it helps, have a nice day!
Thanks for comming to this idea!
Please click on like button if you like my ideas, it motivates me to keep making contents for you all for free.
In the chart you can see my new swing level update, where I am going to long with right MM. I also tried to point out the popular price action formation gap. You can see the label directly in the chart. If there is interest, I can describe the superstructure gap in the next idea, which is a StarGap formation.
In the chart you can see also key levels which are usually traded by waiting for confirmation or some setup on a smaller TF. These are very strong levels at which turnovers often occur, so they consider them to be very successful and the advantage is that they are based on the Market Profile method, so they can trade in any market.
If you would like my free levels directly into your chart, write me message or comment, I will send you the indicator.
Full descriptions of GAP formation
Gap is an anomaly in price movement caused by the initiative of buyers or sellers. As part of a rapid movement, the buying or selling volume is not offset by the counterparty and a so-called single-Gap volume is created. We can tell this from the chart simply by the fact that there is a so-called volume hole between the three candles. There is no common point between the first and third candle. Gap is a very popular and effective formation, in which we expect to fill the missing volume and the so-called closing of the gap, which will occur in most cases, but we do not know when it will occur. We also use the Gap formation as an indication of a new movement. Where we try to enter in the direction of a newly started trend during pullback. The gap serves as a very significant S / R zone.
Share your ideas. analysis in comments!
Hope it helps, have a nice day!
Trade geschlossen: Ziel wurde erreicht
First target on swing level reached! (Pre-VAL - strong resist zone) The second I set up on pre-POC level and third I will trail.
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