Formations: entry ideas

The Formations section answers one question: where is price at a level right now. The scanner walks every coin at each bar close and picks the situations being decided at this moment: price came up to a tested level, is returning to a broken one, stands in front of a large order in the book, or made a sharp move on volume. Each such situation is a card. This is a markup of situations, not advice and not a promise: the algorithm shows the level, it does not say “buy”. Entry, stop and position size are your job.

Five kinds

• Level bounce / sweep — price approaches an unbroken chart level; on the card it is a purple dashed line with a zone around it.
• Level breakout — price approaches a level backed by a cascade of further levels, or one already tested twice; the coin has live volatility and volume from $30M.
• Level retest — the level was broken with impulse and price is coming back to it from the new side, not yet touching.
• Wall bounce — price approaches a real order-book wall: the order has stood for more than a minute, already withstood a price approach, is abnormally large for its book and worth at least five minutes of the exchange's turnover. The card shows the exchange and the order size.
• Volume spike — ONE big candle: body of 2% or more and at least three normal bars, volume eight times above normal or more, range larger than the previous twenty bars. A move smeared over several candles does not count. This is an activity signal; direction is shown instead of a trade side.

The levels are the same as on the chart

Cards use the same levels the “Liquidity” and “Extremes” indicators draw on the coin page. Liquidity is a swing high or swing low (the extreme over 15 bars to the left and 10 to the right) that price has never reached since it formed: stops sit there. Extremes are the high and low of the last 1 hour, 4 hours and 24 hours. Coinciding levels merge, labelled as on the chart: “liquidity · vol ×2.8”, “4h / 24h high”. Timeframes 5m, 15m, 1h and 4h — bar close only, no 1-minute on purpose. Crypto only, daily volume from $2M. One live card per level zone.

Filters and the card

• The “Kind”, “Timeframe”, “Direction” (Long / Short), “Volume” and “Exchanges” filters are buttons; the choice is remembered in the browser and lives in the address — a slice can be shared as a link.
• Cards go by time, newest first, in pages of twenty; “Show more” loads the next batch. A card does not disappear: it is an entry idea spotted at the stated time.
• The chart is 160 bars of history with chart levels: a purple dashed line and a translucent zone of ±¼ of a typical bar (NATR); other live levels of the window in grey.
• Below the chart: the level price and its kind, how many times price tested it, the wall (if any), the exchange and current price, daily volume, and a link to the coin's full chart with this level.

Questions and answers