Questions and Answers Champions stream 25-7-2021

Question: Hi Daniel, 34,800 was a key resistance for you, and it was a incredible call. But
how did you come up with it? The only thing I could find near that level was the nPOC at
34750. Was that the only confluence for you too? @🏆 Victor @🏆 Mike
Answer: This was the poc of the range taken from 19th of may
Answer: 2 I will send it in, I have a feeling you might want to hear it from him as well, in
addition to our replies

Question Hi Daniel, do you often think outside the box or somethimes simple patterns like
triangles,CC's can be a way to go (with volume etc..)?
Answer: I would say it is good to be aware of them. However personally i dont trade based
off patterns as i find other tools much more usefull

Question show a ’short’ chart analysis using all of the following : Volume, OI, OBV, Delta and
CVD. So we can see how to use and interpret them together. Maybe on the area going to the
low (declining part to around 29500) and on the low (consolidation part) before the rise :
why we could expect the rise using the above ‘indicators’ . I find it difficult to put them all
together
Answer: Noted. Will do one soon. Additionally i would recommend watching some bonus
videos, where we do exactly that on multiple occasions

Question @𝐃𝐚𝐧𝐢𝐞𝐥 @🏆 Victor Now that btc has been going up the last 4 days without any
pullback, do you think the cme gap on monday will possibly give us a pullback?

Answer: 🏆 Victor — Today at 20:43

You can use the CME gap as an additional confluence, not necessarily your primary one. If
you can use other tools that fit a possible gap fill, then ok

Question One thing I dont understand about Dan marking his levels. Sometimes he says He
doesnt want a daily because it has been touched, other times he will refer to very old dailys
that have been hit many times
Answer: 🏆 Victor — Today at 20:44
At some point you develop a feeling for which levels might be more important. Some old
ones (like that 30k-ish daily) from January was more symbolic (as the previous last daily level
of the year) than actually tradeable. It's not a 100% science, more like trying to keep the
chart as clean as possible and avoid "birdcaging"

Question Does Daniel use VAH setting as 68 or 70 for fixed range. And how about you?
Answer: I use 68 mate, as for btc this gives best results. In the end it doesnt matter too much
as its really best viewed as a region

Question Are there any new theories or trading concepts you are currently working on, or
testing
Answer: Top secret
Answer: 2 Yes :)
Question @🏆 Mike @🏆 Victor can you please share Fixed range settings... mine is 148 & 70
Answer: 🏆 Mike — Today at 20:47
170 and 68
Answer: 2 🏆 Victor — Today at 20:50
Same for me

Question any comments on the CCV setup today?

Answer: 🏆 Victor — Today at 20:50
On weekends the CCV setup has a lower chance of playing out due to low-volume

Question Was that a time poc? as TV has the range VPOC where Daniel showed it now on
stream 34200 and on the day he made the sheet it was 32800
Answer: 🏆 Mike — Today at 20:52
my view on this is that we have never left the range officially, so it is still a range that is
developing. That makes the poc dynamic and can change anytime volume enters the market

Question now that we have what appears to be acceptance above the HTF POC. In your
experience is it worth moving my long SL from my entry at the bottom of the current move
up to be just below the POC? I’ve taken profit at the POC already but regularly get stopped
out of a trade early by moving my SL too early
Answer: 🏆 Victor — Today at 20:52
This is something you will get better at with experience and more trust in your own TA and
trade execution. The general rule of "two higher lows back" might give you an orientation,
but in the end you can take as much profit as you want wherever you want. Nobody went
broke by taking profits

Question Talking about Volume, should we be not thinking that the probability of us
dropping back down lower due to the slow creep up this weekend on terrible volume?
Answer: 🏆 Mike — Today at 20:52
Arguably yes

Question Can you explain the meaning of this post please I am confused?

Answer: 🏆 Mike — Today at 20:54

Dont be, best is to not pay attention to social media, and more to the streams. Even better
would be if you dont follow any of us and do your own ta. That way we can help u and
provide feedback on your charts
Question is this run up not on declining volume ? And arent we printing possible bearish on
the HTF ? Thnx
Answer: 🏆 Victor — Today at 20:54
Weekends have terrible volume in general, so I will personally wait for Monday (including
the New York session) to get things cleared up

Question Hi @🏆 Victor , is the VWAP suppose to be an estimation of where price should be

compared to the volume ? I.E. Can we consider that BTC is overpriced compared to the
volume when it's above the VWAP, and underpriced when it's below ? Thanks
Answer: 🏆 Mike — Today at 20:56
In a way yes. But the next step would be to how to trade en expansion away from there?

Question Recently ive been trading ADA. I would love to see your thoughts on how its
moving compaired to BTC and some important levels. Also is there any video material where
@𝐃𝐚𝐧𝐢𝐞𝐥 or @🏆 Mike , @🏆 Victor show how they enter a trade. For 1$ or somthing like
that insignificant but to show us their thought proccess while they actually take a trade,
when they TP when they get out etc… ?
Answer: 🏆 Mike — Today at 20:57
Champions stream 1 to 40

Question The daily on exo for btc perp on the ftx exchange has more historical data for HTF
VA's. Would you use those levels on the bybit chart or prefer the range pull on tv?
Answer: 🏆 Mike — Today at 20:58
Volume on ftx is important if you trade there. If you trade bybit it is irrelevant imo

Anouncement:
Live explanation of a possible bump and run on BTC at minute 32. You heard it here first,
ladies and gentlemen

Question Only need two bumps for a B&R?

Answer: Detailed explanation of bump and run to be found in the cheatsheet section of the
website

Question Is there any rule of thumb to when to use which pitchfork or is it just trying around
and looking which is respected the most?
Answer: 🏆 Mike — Today at 21:03
There is a dedicated stream on pitchforks in the contender streams

Question why does daniel click log in the bottom right of tradingview ?
Answer: 🏆 Mike — Today at 21:04
On very impulsive and volatile markets the chart is much more readable

Question when you have a lot of confluences at a region, how do you decide where you

draw your Key level or set your alert? I want to clean up my messy chart
Answer: Im not sure how to answer that question haha. I think it comes with experience and
where you want to become more alert when searching for a trade(edited)
Question Why not start EW count in September?
Answer: As opposed to the most recent significant HTF low in March 2020? Why?

Question The new weekly chinese pivot is in and its below us at around 32800. Since we are
looking at a CME gap, what do you champs think about our chances to at least test those
lows?
Answer: I think he covered his view quite well just now. A retrace would be amazing and
eagerly awaited, which would be an argument for it not happening. We shall see. Having
said that, there will always be a retracement at some point, it's just a matter of patience, as
usual

Question Hi, aren't we getting bearish CVD divergences in 4h/12h/daily?

Answer: we have covered this question in the past few streams already. We use 1h and
lower time frame CVD divergences for actual trades, the higher time frame ones are good to
be aware of, but not really useful for setting up trades

Question Can you say something about the delta/CVD/Volume at this moment?
Answer: At the moment the nature of the stream is more for the week ahead. What volume
looks like atm as we speak is less relevant

Question Is BTC in upward consolidation rn which is very bearish

Answer: As it stand i would not say so

Question What would be the next best trade for people that missed the long from 29,2k or
closed too early?
Answer: 🏆 Mike — Today at 21:31
I would say 37k or high of the range. Literally justbtrading the range

Question do you consider that we have a poor low since there is no BT at 29k , or was
volume backed up later ?
Answer: 🏆 Victor — Today at 21:32
You asked me on Friday already, I believe, but I can send it in

Question @Mike on the 20th we had a SFP, then another one about 5 hours later. The
volume on these weren't massive and looked a little weak but the second one turned out to
be the actual reversal SFP. Are there ways you can better see the retracement vs. the
reversal or would you just trade them as they come? Just trying to see how I could have
traded this better (I got stopped out on the second SFP and missed the move)
Answer: 🏆 Mike — Today at 21:36
I would say 2 ways to approach this. Either set a wider invalidation point (risky) or wait for a
change of market structure (conservative)

Question @🏆 Mike are the SP Daniel mentioned last week still relevant as confluence in
case we lose VAL?
Answer: 🏆 Mike — Today at 21:37
Personally i would not be longing anything below va

Question Where the NPOCS at? Daniel only showed STF, MTF, HTF lvls
Answer: 🏆 Victor — Today at 21:38
You can check that using the "CC daily" template on Exocharts

Question wheres a good region to look for longs on a retracement?

Answer: 🏆 Victor — Today at 21:39
He pointed at the VAL of the big range as important support to hold

Question value areas are coming different @🏆 Mike @🏆 Victor POC =32878 dan
mentioned POC @ around 34k.. I tried both settings
Answer: You can see that these high volume nodes on the volume profile are very close to
each other, so that the POC can shift relatively easily amongst them. You can view them all
as areas of interest to use for confluence, with the current POC being stronger. Depending
on whether we use Tradingview or Exocharts (TPO) we can get different values, as usual
https://www.tradingview.com/x/zdjAji7b/