WallStreetFox

WallStreetFox Updated 

Once the triangle is broken, price action should continue in the direction as shown on the chart. Wait for confirmation on 1M or 5M. The price should break out, come back to the green line and the bounce back from it. That's your signal. Take profit at the end of the arrow as shown on the chart. However, measure the distance for TP from the breakout manualy -...

WallStreetFox

Yesterday's candle on 1D closed as a pin bar and RVI broke its resistance line and reached 50. Provided that RSI and MACD bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is a potential price action for a local correction that may take up to couple of days to complete. The green rectangle...

WallStreetFox Updated 

The last 2 weeks of flat had both bulls and bears sliced and diced. MM having a blast while deposits get liquidated. Where is the market heading to? The price did make its new ATM yesterday. MM got their SLs from shortists. This may seem like a continuation of a bullish trend no doubt. However, the price is at the top of an ascending wedge on 1D. RSI...

WallStreetFox

My TA on 1D shows that: 1. Price is at the top border of its red channel. I cannot foresee where it will hit its peak, but it would be plausible to go SHORT within 555-580 USD range. RSI index supports this peak, it is almost at 80 level. It may go above. However, while the price is still rising, the vertical volume is decreasing. Best to check MACD for further...

WallStreetFox

My TA on 1D shows that: 1. Price came out from the ascending wedge at its peak. 2. Vertical volume decreased while price went up. 3. RSI shows divergence against price. 4. MACD confirms RSI's divergence. 5. Based on horizontal volumes liquidity for MM is concentrated on given level on the chart. Correction for the last impulse is logical. Correction can fly down...

WallStreetFox Updated 

The BTCUSD on US Binance exchange has fallen 88% this afternoon. It crashed from aroud 65,000 USD to 8,000 USD in one minute. This fall has liquidated around 173 million USD. The next minute mark price returned back to 64,000 USD. Meanwhile Kraken went down to $54 100, and FTX went down to $58 500. Once the news about US Binance's fall spreads out worldwide in...