LSK/BTC Volume Analysis Prediction 2/19/2018

LSK/BTC Volume Analysis Prediction 2/19/2018

Hi, friends.
Our last idea on Lisk was – buy after breaks out of balance 2. But this balance goes down, so now we have a down trend.
What next?
We have to wait until the price will rebound from the support zone . If we will see the necessary market conditions (large volume + rebound or large volume + pattern price action) on this support zone , then we can go in the market.

Trade recommedation:
Entry point: Buy in range 2400-2500 (under the right market conditions)
Stop: 2320
Target1: 2920
Target2: 3130
Target3: 3340

Glossary of terms

  • Point of Control (P O C) – The price level for the time period with the highest traded volume .
  • Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
  • Balance – Accumulation Area.
  • F L – flat level.
  • T L – trend level.
  • Fixing (fix, culmination) – reverse price reaction then the markets stops i’ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.

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