ILV Monthly Outlook Feb 2024
Fair Value Gaps (FVGs) represent zones of imbalance, occurring when prices rapidly extend in one direction. These areas typically undergo revisitation as the market seeks equilibrium. The order blocks surrounding FVGs serve as pivotal points, acting as traffic stops for ranging or triggering rejections/bounces.
The confluence area indicates a heightened likelihood of success, particularly if Bitcoin (BTC) experiences a decline, leading to a resurgence in altcoins when BTC dominance diminishes.
Anticipate a period of gradual movement as Market Makers may induce boredom through a slow creep leading up to the BTC halving. This could be followed by a temporary setback to lower expectations before a sudden upward surge. This cyclic pattern tends to repeat.
The confluence area indicates a heightened likelihood of success, particularly if Bitcoin (BTC) experiences a decline, leading to a resurgence in altcoins when BTC dominance diminishes.
Anticipate a period of gradual movement as Market Makers may induce boredom through a slow creep leading up to the BTC halving. This could be followed by a temporary setback to lower expectations before a sudden upward surge. This cyclic pattern tends to repeat.
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