In this post, I'll provide an overview of my recent exploration into EURUSD swing trading, employing a combination of two powerful analytical approaches: Wyckoff Price Action Analysis and RTM. While these methodologies can offer valuable insights into market dynamics, it's important to emphasize that this approach is inherently speculative and should be taken with...
FX:USDJPY Overall structure based on the Weekly, Daily, 4H, 1H timeframes is bullish, so we only look for buys. In the previous two days, price broke above 149.922 Daily resistance and made a pullback to around the 149.922 Daily support today, a great are to buy USDJPY
GBPCAD is in bearish trend and printing LH and LL. There is no divergence on 1H timeframe at the moment. Oil prices are also on the rise which will probably strengthen CAD resulting in further bearish trend. Sellers will be in control once support level of 1.66593 is broken. It will get retested and then hopefully, will go further down to 1.66067.
FX:GBPJPY Price on GBPJPY is consistently rejecting at Daily resistance. The Daily, 4H, and 1H time frames are bearish, hence we will have a sell bias on GBPJPY.
Last weeks high: $27490.1 Last weeks low: $26897.7 Midpoint: $26305.4 Despite several big news events relating to the FED funds rate, CPI & PPI, we saw a much tighter range last week than the week previously. We're already trading lower than last weeks low and confirmed as resistance with a bearish retest. It is interesting that the news events that used to...
Last weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision...
Last weeks high: $26824.0 Last weeks low: $26045.0 Midpoint: $25266.0 The weekly outlook starts on Tuesday this week due to the bank holiday. Despite a strong decline 2 weeks ago price has stabilised into a much tighter spread, almost like a sinewave across the midpoint. Because of this for me personally there is no clear near term direction, however the...
Last weeks high: $29678.9 Last weeks low: $26943.6 Midpoint: $24208.4 August so far has been living up to it's history of being a red month. Last week we saw price fall ~18.45% from weekly high to low, filling in the fair value gaps from the previous HTF rally and printing a new 1W lower high for the first time this year. Now that the FVG has been filled and a...
Last weeks high: $30039.5 Last weeks low: $29299.0 Midpoint: $28558.5 Historically, August has not been a very bullish month for bitcoin and crypto as a whole. Other than 2013, 2017 & 2021 (Bull market years) August has had negative ROI. The pattern shows that since 2013, every 4 years bitcoin has a positive monthly return coinciding with a bull market rally....
Last weeks high: $30265.2 Last weeks low: $29472.7 Midpoint: $28680.1 BTC continues to trade a very tight range as it has for many weeks now. 30k continues to be the resistance area, the previous weeks midpoint is the local resistance as its been tested for the last few days and cannot reclaim above. As usual that midpoint from the previous week is important to...
After many days of sideways choppiness between 29 & 29.5K. The pattern was broke sending us into that FVG I have mentioned in previous posts with a target of 26.5K. However, having dropped down to 28.5k and back up to 30k in 11 hours some volatility has been reintroduced into the market in the short term. I have mapped out a mini range that I am observing, the...
Last weeks high: $30087.3 Last weeks low: $29469.7 Midpoint: $28852.2 Not a great deal to talk about this week as the plan is very much the same as the last few previous weeks. Bitcoin has a clear resistance at 29.5k since losing that level early last week it's struggled to regain it, it's very difficult to get bullish until that level is reclaimed. No trade...
Analysis of the volatility index in November. Time interval - 1 hour. Currency - USDT or equivalent to BUSD . The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins. Top 15 Coins (1 hour): 1. PHB /busd - 1413.67% (High&Low: 3119.4%) 2. MASK...
Last weeks high: $30408.4 Last weeks low: $29885.7 Midpoint: $29363.0 For the first time in 4 weeks BTC has begun the week below 30K. The last time that happened price was at the ~26.5k but had a bullish momentum behind it. This time is different, the SEC Vs Ripple case (despite its positive outcome) has completely given up its gains and returned to the lower...
Last weeks high: $ 31542.8 Last weeks low: $30610.1 Midpoint: $29677.4 Previous weeks price action tells an interesting tale. Beginning the week precisely on the midpoint of the week and ending on the 0.25 line. The choppiness from last week follows a similar pattern to weeks previous, the target for the bulls of 32.5k and above is still in sight. Last weeks...
In Bitcoin chart according to technical analysis It can be concluded that by touching the yellow box and its reaction, there is a possibility of falling to the specified limits and it is suitable to enter for trading
Last weeks high: $31291.8 Last weeks low: $29420.6 Midpoint: $30356.2 The week starting on Monday 19th of June was the latest rally for bitcoin, a strong move up leaving some large FVG inefficiencies left behind that price will look to fill in the future. The upside capped off at just under 31.5k, a high that the bulls couldn't top last week while chopping...
Hey there, buddy!✌ 🔱In the one-hour timeframe, as you can see, after the drop, the price bounced back from around $1893/ $1900 with some buying pressure. And now, it's in a range after breaking above the $1917 level. 💹 Here's what we can expect in the one-hour timeframe: after some consolidation and a small correction, the price might move up towards the...