WEEKEND REPORT for lower + higher t.f Saturday - Sunday night.
All higher time frames are BULLISH for me. The lower t.f's are BEARISH, however, I believe the bears will not get lucky but get trapped because the bullishness of the higher t.f's will reduce the effects of the lower t.f's bearishness.
The best time to look for a long entry is tomorrow after or around 18:00 (Sunday January 19, 2020 UTC TIME).
If anyone is in a long and seeks to get out, 8900 may provide some relief. It is likely for the price to get blocked at 8900ish. However a move past 9000, will definitely take it to 9100, but should not be counted upon.
At the moment the main hard supports are at 8650 and 8250. Personally, I believe it is unlikely that the bears break the price below 8250 because on both Gann fans that I have drawn from the pivot low, the price is above the blue 1/1 line. When the price is above the blue 1/1, it is EXTREMELY bullish. If you look closely, the price is meandering along the blue 1/1 but NOT dropping below it. To me, this meandering is a sign of stalling and chopping (maintaining but DELAYING bullish momentum). This is why I believe bear efforts will go without any good result.
WARNING TO BEARS: IF THE PRICE DOES DROPS AND STALLS AROUND 8650, SET TIGHT STOPS OR GET OUT.
On Saturday (today), I believe it is best not to trade and stay out of the market. The price is likely to experience a minor correction between now and Sunday evening/night. However, it most likely will not be worth the wait and the sweat. Holding a short trade is VERY risky. There will be better opportunities for shorts.
The safest time to long is at around 22:00 on Sunday January 19th. The price will be extremely bullish on Monday. I'M ANTICIPATING 9800.
MY 2 CENTS: GET SOME REST. GET READY FOR MONDAY. I'M EXCITED TO LONG ON SUNDAY NIGHT!!!!!!!! THIS IS GOING TO BE CRAZY. ENJOY THE TIME WITH FRIENDS AND FAMILY UNTIL SUNDAY NIGHT. LOTS OF MONEY TO BE MADE ON MONDAY. GIVE YOUR EYES A BREAK. STARING AT THE SCREEN IS AWFUL! DON'T GET CAUGHT UP IN THIS WEEKEND B.S AND STAY AWAY FROM STUPID CHATROOMS.
ALSO, CUT LOSSES ON SHORTS EARLY. DO NOT LET THEM RUN UNTIL SUNDAY NIGHT. DO NOT OPEN SHORTS ON SUNDAY NIGHT - MONDAY MORNING. BETWEEN SUNDAY 22:00 - MONDAY MORNING THE BEARS WILL GET LIQUIDATED!!!!! BEARS, IT'S TIME TO STAY IN THE CAVE....LET THE BULLS HAVE THEIR FEW MOMENTS TO PRANCE! YOU WILL HAVE YOUR CHANCE TO FEAST BUT NOT NOW!!!!!!!!
STAY SAFE!
All higher time frames are BULLISH for me. The lower t.f's are BEARISH, however, I believe the bears will not get lucky but get trapped because the bullishness of the higher t.f's will reduce the effects of the lower t.f's bearishness.
The best time to look for a long entry is tomorrow after or around 18:00 (Sunday January 19, 2020 UTC TIME).
If anyone is in a long and seeks to get out, 8900 may provide some relief. It is likely for the price to get blocked at 8900ish. However a move past 9000, will definitely take it to 9100, but should not be counted upon.
At the moment the main hard supports are at 8650 and 8250. Personally, I believe it is unlikely that the bears break the price below 8250 because on both Gann fans that I have drawn from the pivot low, the price is above the blue 1/1 line. When the price is above the blue 1/1, it is EXTREMELY bullish. If you look closely, the price is meandering along the blue 1/1 but NOT dropping below it. To me, this meandering is a sign of stalling and chopping (maintaining but DELAYING bullish momentum). This is why I believe bear efforts will go without any good result.
WARNING TO BEARS: IF THE PRICE DOES DROPS AND STALLS AROUND 8650, SET TIGHT STOPS OR GET OUT.
On Saturday (today), I believe it is best not to trade and stay out of the market. The price is likely to experience a minor correction between now and Sunday evening/night. However, it most likely will not be worth the wait and the sweat. Holding a short trade is VERY risky. There will be better opportunities for shorts.
The safest time to long is at around 22:00 on Sunday January 19th. The price will be extremely bullish on Monday. I'M ANTICIPATING 9800.
MY 2 CENTS: GET SOME REST. GET READY FOR MONDAY. I'M EXCITED TO LONG ON SUNDAY NIGHT!!!!!!!! THIS IS GOING TO BE CRAZY. ENJOY THE TIME WITH FRIENDS AND FAMILY UNTIL SUNDAY NIGHT. LOTS OF MONEY TO BE MADE ON MONDAY. GIVE YOUR EYES A BREAK. STARING AT THE SCREEN IS AWFUL! DON'T GET CAUGHT UP IN THIS WEEKEND B.S AND STAY AWAY FROM STUPID CHATROOMS.
ALSO, CUT LOSSES ON SHORTS EARLY. DO NOT LET THEM RUN UNTIL SUNDAY NIGHT. DO NOT OPEN SHORTS ON SUNDAY NIGHT - MONDAY MORNING. BETWEEN SUNDAY 22:00 - MONDAY MORNING THE BEARS WILL GET LIQUIDATED!!!!! BEARS, IT'S TIME TO STAY IN THE CAVE....LET THE BULLS HAVE THEIR FEW MOMENTS TO PRANCE! YOU WILL HAVE YOUR CHANCE TO FEAST BUT NOT NOW!!!!!!!!
STAY SAFE!
Do you like my analysis? Do you want to stop paying for stop losses and make money? Come trade with me in my private Discord group with this link discord.gg/q5Q7GzVD3h - Send me a DM to start.
