Art_of_Trading

Art_of_Trading

The Litecoin is reaching the structure high at 153 area, which acts as a resistance. The price respected that level multiple times and it is expected it will do again. The selling orders are most likely placed there, which push the price down.

Art_of_Trading

There are two key levels (8916 and 9174) that price respected few times before. It backtested the previous structure again and going up. The BTC is forming a potential Gartley pattern and if the price continues rising, it will complete the pattern. This will create the opportunity for harmonic pattern traders.

Art_of_Trading

There is a strong support level at 19.95. The price respected that level multiple times and it is expected it will do again. Moreover, the Gartley pattern was formed, which increases the probability of this setup. T1 – 38.2% T2 – 61.8%

Art_of_Trading

The EURJPY dropped significantly last 2 days and reached the major support at 131.7 area. The price respected that level multiple times and it is expected it will do again. The big orders are usually placed at key areas and it is more likely that there will be buying orders there. Moreover, the 38.2% Fibonacci retracement perfectly matches that same support area.

Art_of_Trading

There is a potential bat pattern formation for harmonic traders. The price is going up last few days and it is getting close to the 88.6% Fibonacci retracement, which is an entry level of this setup. T1 – 38.2% T2 – 61.8%

Art_of_Trading

There is an interesting setup on H1 BTC chart. The price broke the support level (8974) and it became the resistance. Then, it backtested this same structure. The more sellers are expected at the resistance level, because they already know that the price respected that level before and they most likely place their orders there. From this analysis, the price fall...

Art_of_Trading

The EURUSD price reached the daily support level at 1.2383. The buyers most likely step in at that area, because the price respected that level few times and it is expected to do it again. Moreover, we know that the big orders are usually placed at key areas. The Fibonacci retracement 38.2 also perfectly matches this same level. The best approach here is to wait...

Art_of_Trading

The opportunity for structure traders to go long. The price went down and hit the support at 143, but it was immediately rejected. It seems, there were buying orders placed at that area. The long shadows show that the buyers got control of the price now and pushing it up. It is expected that the more buyers will join this momentum and the price will continue going upwards.

Art_of_Trading

The Ethereum is going down last few hours and got close to the structure levels at 620 and 585. These are the major area to look at. There is strong volatility and it is better to wait the market to get stable and analyse the price action. If those support levels hold, then there will be opportunity to buy.

Art_of_Trading

The BTC price is falling last few hours and reached the key area at 9043, that act as a support level after the breakout. This is a decision point; the question is who will get control of the price – sellers or buyers. The best approach here is to wait for the confirmation bar. If the price forms a strong bullish bar, then it will be an opportunity to go long.

Art_of_Trading

The BTC price is going up last 3 days and it reached the previous structure high at 9000. Moreover, it completed the bat pattern formation, which creates a selling setup. T1 - 38.2% T2 – 61.8%

Art_of_Trading

The EURJPY price is going down last few days and getting close to the previous structure low at 132.14, which acts as a support level. The price bounced back at that support few times and it is more likely will do again. Moreover, there is a potential Gartley pattern setup; this increases the probability of this setup to go long. T1 – 38.2% T2 – 61.8%

Art_of_Trading

The Litecoin price went up last few days. If it continues, there will be opportunity for harmonic pattern traders. The price will complete the bat pattern, which provides the exact levels for entry and exit. Moreover, there is a resistance level at 175. The price respected that level multiple times and it is more likely that it will do again. The selling orders...

Art_of_Trading

The BTC price was not moving much last few days. The market was less volatile. The price got close to the previous structure high at 8400 and then, we saw a strong breakout ( bullish bar). The resistance level now acts as a support. It means, the buyers are controlling the price now and this momentum is expected to be continued. The more new buyers will step in...

Art_of_Trading

The ETHUSD price moves sideways. None of the market participants (buyers and sellers) are fully committed to take control of the price. It formed the two major structure levels - support at 367 and resistance at 417. I await the market breakout and then open the position accordingly.

Art_of_Trading

The BTC broke the resistance level with a strong bullish bar and now it acts as support. However, the price did not continue going upwards after a breakout. It seems, there are not enough buyers to push the price up. If the price goes down at a new support, it is more likely the BTC bounces back. In other words, it will test the previous structure level. Also,...

Art_of_Trading

The BTC price is going upwards last few hours and getting close to the previous structure high at 7212, that acts as a resistance level. The price respected that level few times and it is more likely it will do it again. The big orders are usually placed at the key areas. Thus, the bearish moves are expected at that resistance.

Art_of_Trading

The LTCUSD moves sideways last few days and could not manage to break the support level at 157. However, there is a selling momentum at the moment, which may break this level and price may continue falling down. The best approach here is to wait for a strong bearish bar to consider it as a valid breakout and then sell.