March 29, 2024

Market profile. Intraday plans for RTS, OIL, BITCOIN

Market profile. Intraday plans for RTS, OIL, BITCOIN

RTS index futures are in balance on the 120-minute chart; we are trading inside the balance. On Fridayrejected the highs of balance, so the priority is now for shorts with a target of 143203. Longs are only from the bottom of the balance.

1) Short from current marks in the presence of a setup on a shallow timeframe.
2) Or on a rollback to VAH.
3) If the market rises above VAH, then we are still looking for a short entry point at a lower high. Ideally, stop losses will be placed beyond the extremum of 148220.
4) We consider longs only after rejecting low prices at an increased low. The growth target is 146,000.
5) Ideally, after rejecting the low prices, we return to the Value Area.

Market profile. Intraday plans for RTS, OIL, BITCOIN

Oil today reads particularly well. On a 120-minute chart, buyers were drawn in at high prices: after the breakdown of the level of $ 58.17, a base was formed, from which they went down. The price has returned to the Value Area and is now moving towards the opposite balance line. Priority shorts. Longs are considered only at low prices.

1) Short from current marks in the presence of a setup.
2) Short on a pullback along the trend.
3) To enter short, you should wait for the rejection of low prices (below the level of $56.31).
4) If the market drops low enough and organizes a false breakout at $54.85, in this case, purchases should only be considered when the hourly trend reverses upward.

Market profile. Intraday plans for RTS, OIL, BITCOIN

Strong impulse growth of Bitcoin on the hourlyThe chart pauses in the high price zone according to the market profile. Theoretically, now is a good place to enter shorts, but after such a strong rise, there is no need to rush into entry. It is worth waiting for the bullish momentum to fade, and ideally to move stop losses beyond the level of $7419.1. The market is now in balance, you need to trade inside the balance, but you should be careful with longs, because on a higher timeframe the instrument is very weak. 1) Short at a lower high after moving stops beyond the level of $7419.1. The target for the decline is $6906.6.2) A breakout of $6618 and consolidation below opens the way for the instrument to be dumped to $4000.3) Longs in this case should be taken only after the instrument leaves the current balance upward, accepts high prices (formation of a flat above $7419) and another way up. Only then will it be possible to talk about the prospects for long-term growth of Bitcoin.

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