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fb82 Updated 

Y'all gonna get rekt shorting this. Wave 5 underway. Might get another dip the next few weeks and then off to the moon. Targets based on various EW counts.

fb82 Updated 

Good luck to anyone longing here. Bloomberg, CNBC and your favourite twitter influencer probably tell you to do so. RR is completely out of proportion, only sensible direction for a swing is short IMHO. Trading correctives is nasty business but the opposite makes no sense in this case. DXY at resistance, daily wants down, weekly wants down, monthly wants up. The...

fb82 Updated 

Price inverted i.e. USD distribution into AUD. Might get a leg higher in which case I might get stopped out but will have to see.

fb82 Updated 

Yellow solid lines mark the trading range. Yellow dotted will be future MP centre and level of interest. Lower yellow price will be support with bulls pushing back up. Upper blue line will take turns as support and resistance. Lower blue line will be final destination subject to PBOC refixing rate. Precise entry level tough given slim volume up here. I'd...

fb82 Updated 

Untapped liquidity from the past few days of down only. Think we are due for a bounce and fibs work out on ST structure. Hidden bearish divergence, but I take my chances.

fb82 Updated 

Not a great RR but high probability trade IMHO, with the potential to go into higher liquidity zone. Quick buck with optionality.

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Dipping back into liquidity. Around 1.88, heading towards 2.44, might go further. Be quick on the sell button.

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Relief rallies incoming with various divergences and sellers losing momentum.

fb82 Updated 

The sell-off is done for the quarter. Bounce to 12/18, then re-test of the recent low, following we go one more leg down or up - to be assessed when we get there. ATOM/ BTC lines up well.

fb82 Updated 

Similar structure to August 2021 and liquidity levels line up. Will be volatile for the next 24-48 hours. Invalidated if we close with momentum under 44.2k.

fb82 Updated 

After the recent breakout to the upside, I believe we eventually land a 35-38k. We could wick higher for short liquidations but will find our way down eventually IMHO, in a rather quick fashion.

fb82 Updated 

Lots of confluence around 34k. How far we push up before ultimately depends on how much liquidity there is to tap into on both sides at a point in time. Enjoy the ride.

fb82 Updated 

Two scenarios IMHO. Based on shorter timeframes, I am leaning towards the blue path, eventually followed by a drop to 35k i.e. we might swing up first (blue path) solely to take out some shorts first given there will be plenty of SLs at 50k. Potential confirmation if we break 47.4k. Having said that, price action is going nowhere at the moment and chart dynamics...

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Might be worth it trading the last leg up and then short at 52.6k