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JDK Analysis 🇪🇺
@The_JDK99
Technical Analyst • Order Flow & Market Profile • Breaking down auctions & execution • Always improving • Views are my own. Not financial advice.
Joined May 2020
470 Following    20.9K Followers
$BTC 📈 Price is trading within daily value. Here is what we need to watch for next... Price tested dVAL and we saw shorts stepping in, spot selling into the level, yet price was not able to auction lower as sellers were absorbed and trapped. We’re back at dPOC now. Nothing to do here - fair value. Wait for a test of a value extreme, then watch OrderFlow closely and see how price responds. To trade a break of value and join momentum, I need to see intent: a clean break above or below with OI increasing and spot confirming, followed by a retest and rejection. Otherwise failed breakout from value can trap traders and set up a move back toward dPOC and opposite side of the daily range. Yes... I can see spot trending lower... but this is having zero effect against the little perp buying for now. If we get a fakeout above daily range high, with spot making new lows, and OrderFlow confirming trapped longs into the failed breakout attempt, then I'm very interested in the short...
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