while the low is a weak low because it sits at the same price range as the 25/09 low.
For the last three days, profile lows have been poor and weak, and I think short term buyers are getting tired. Those lows need repair.
$btc profile update
The market has been rotating. Todayβs open was close to the middle of the previous dayβs value area, which suggests another rotational session. The market showed low confidence as price traded back and forth around the open. The current high is a poor high
The current low is a mechanical low, even though it has 3 wide, because there is a specific way to treat 3 wide structures.
The lows from the last two days have been poor, and buyers have been weak.
The current low is a mechanical low, even though it has 3 wide, because there is a specific way to treat 3 wide structures.
The lows from the last two days have been poor, and buyers have been weak.
$BTC Profile Update
The market opened close to the previous dayβs value area high, similar to yesterdayβs open. Since the open, the market has been trading back and forth, which suggests low market confidence.
ngl this article hits hard, especially for those coming into the system. Hereβs my two cents: trading should be treated more like an art than a science. a craft honed by intuition, understanding nuances and real experience not only rules and backtests.
learnt this from jdalton
The current high has excess.(no excess atm)
Short term sellers are still very active in the market, so from the open Iβm expecting a rotational day that offers good risk/reward if positioned well.
I'm keeping an eyes on the previous day low
The current high has excess.(no excess atm)
Short term sellers are still very active in the market, so from the open Iβm expecting a rotational day that offers good risk/reward if positioned well.
I'm keeping an eyes on the previous day low
$BTC Profile Update
The market opened close to the previous dayβs value area high. During the first few periods, it one timeframed lower down to the 4/05 week range high which is an important reference.
From F period, the market began one timeframing higher and formed a poor low
The previous day built value below Sundayβs value area low, and yesterdayβs profile had a classic b shape, which suggests more longs were being liquidated in the market.
Update on yesterdayβs profile
The bulls are clearly holding the 82.5k range, and the previous dayβs profile had a 3 wide at the low. The POC migrated from near the low back to the middle of the profile.
$BTC