Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key for zones
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
What now?
Well price is going to retrace to our daily zone or weekly zone where the imbalances are in place - the volatility will be high of course as price falls sharply but if the imbalances are hit, then patience is now the key frame for further buys. The zone is $48,000.
Here was the previous chart tracking our progress:
Looking at the chart from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players - using the 4 hour, there is a possibility the 50 - 61.8% retracement showing a good imbalance zone. We will not look to buy at this moment due to the fact price is working well and needs the activity to free up in order to consolidate.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Fundamental Update - E Musk has been tweeting and purchased $1.5bn of bitcoin and accepting payments of BTC for Tesla products, next up is JPM and credit card companies?
Past analysis;
This was based off the Fibonacci - keep in mind the zones here aligned with the 0.5% retracement.
What did we see - while patiently waiting for the imbalance to hit
the above image, shows the Fibonacci on a daily - whereby we used our previous retracement back in the end of January, this confirmed to us the buyers were still in control. Inefficiency 1 zone was valid. This is now a new buy zone for future reference.
Take a look at a 4 hour view for bitcoin.
Previous purchase zone:
Here was our latest buy position - based on the previous idea January 28th 2021
Examples of bitcoin back in 2015:
Further analysis;
Delving into the consolidation in the past, market participants are looking at the consolidation when Bitcoin was introduced - it took 106bars on the weekly timeframe to reach $1,000 price.
This consolidation area, has shown us the volatility yes, however it has provided further information as to how the price is behaving upon weekly imbalances and how the cycle is showing it's fractal patterns as time brings us to now, and the future.
See here for the imbalance occurring back in 2015.
Here is a 2016 example;
To see this in full - click the idea below. The analysis provides sufficient detail
Do you enjoy the setups?
We have 10 years combined analysis experience in world markets.
Offer our technical breakdowns here
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key for zones
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
What now?
Well price is going to retrace to our daily zone or weekly zone where the imbalances are in place - the volatility will be high of course as price falls sharply but if the imbalances are hit, then patience is now the key frame for further buys. The zone is $48,000.
Here was the previous chart tracking our progress:
Looking at the chart from a technical standpoint - the sell off begins with a new equal high peak or a higher high.
We will expect price to pullback engineering liquidity to shakeout buyers and free up the market players - using the 4 hour, there is a possibility the 50 - 61.8% retracement showing a good imbalance zone. We will not look to buy at this moment due to the fact price is working well and needs the activity to free up in order to consolidate.
Crypto in our eyes works like rocket fuel , in the sense of bursting out - tailing off and crashing - while most FX pairs do this - crypto is still establishing multiple fresh zones both in fractal senses and adoption will have a momentum here if you look from a fundamental view.
Fundamental Update - E Musk has been tweeting and purchased $1.5bn of bitcoin and accepting payments of BTC for Tesla products, next up is JPM and credit card companies?
Past analysis;
This was based off the Fibonacci - keep in mind the zones here aligned with the 0.5% retracement.
What did we see - while patiently waiting for the imbalance to hit
Take a look at a 4 hour view for bitcoin.
Previous purchase zone:
Here was our latest buy position - based on the previous idea January 28th 2021
Examples of bitcoin back in 2015:
Further analysis;
Delving into the consolidation in the past, market participants are looking at the consolidation when Bitcoin was introduced - it took 106bars on the weekly timeframe to reach $1,000 price.
This consolidation area, has shown us the volatility yes, however it has provided further information as to how the price is behaving upon weekly imbalances and how the cycle is showing it's fractal patterns as time brings us to now, and the future.
See here for the imbalance occurring back in 2015.
Here is a 2016 example;
To see this in full - click the idea below. The analysis provides sufficient detail
Do you enjoy the setups?
We have 10 years combined analysis experience in world markets.
Offer our technical breakdowns here
Focus on technical output not fundamentals
Position and swing trades
Provide updates where necessary - with new updated ideas tracking the progress.
If you like the idea, please leave a like or comment.
To all the followers, thank you for your continued support.
Thanks,
Team LVPA MMXXI
Trade active:
Retracement was perfect as expected - buys activated
