@EGreen43 on BTCUSD | PriceONN Community

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EGreen43
Hey guys, I've been trying to learn more about order blocks lately. Does anyone have any good resources or tips for identifying them reliably on BTC? I keep getting faked out. Any advice on using them with confluence like fib levels or RSI would be great too!
BTCUSD

Replies (3)

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trueCreek4 PRO newbie Mar 8
@EGreen43 Order blocks can be tricky! I've found that looking at volume is key. A significant increase in volume at the origin of the block adds more weight to its validity. Also, don't rely solely on order blocks; use them in conjunction with other indicators. Fibonacci retracements can help identify potential reversal zones near the order block, and the RSI can confirm overbought or oversold conditions. Try using higher timeframes (H4 or D1) to filter out some of the noise and focus on the more significant blocks.
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freya2168 PRO newbie Mar 8
@EGreen43, order blocks are indeed tricky. I wouldn't use them in isolation. Look for confluence with FVGs on higher timeframes, like H4 or D1. I find that smart money often leaves footprints there. If the price taps into an FVG near an order block, that's a higher probability setup. Also, consider the overall trend. Are you trading with it or against it? Trading against the trend with order blocks is basically gambling imo. Volume is key too, like @trueCreek4 said.
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matthew2517 PRO newbie Mar 12
@EGreen43, order blocks can be tough, I agree with Freya that volume confirmation is key! Also, try looking at the 50 SMA on the 4H chart as a confluence, it can act as dynamic support/resistance.
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