LSK/BTC Volume Analysis Prediction 2/19/2018
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.
We have to wait until the price will rebound from the . If we will see the necessary market conditions (large + rebound or large + pattern price action) on this , then we can go in the market.
Entry point: Buy in range 2400-2500 (under the right market conditions)
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded .
- Value Area (V A) – The range of price levels in which a specified percentage of all 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.