Wow. Did you catch this move? It's look like cryptomarket is starting to wake up. A small gift for the New Year holiday. We waited for this almost a year, didn't we? Ok, what's next? We have bull priority. Most likely a new balance will be formed now, we already have 2 borders. To enter the market use the lower border of the balance (0243). If this level will be...
Yesterday the Dollar index has flushed below the double bottom weak structure below 94.95. However, that break didn't spark the momentum for a down side continuation, instead, it has created a big look-below-and-fail pattern that is essentially called an end to the down auction with an excess. Now we are going to work with a bullish directional bias on the Dollar...
A new balance was formed with the range 1.70-1.91 While the price is inside the balance, it is necessary to trade only from the borders. At the moment the price is at the bottom of the balance. We expect a rebound from this area with a target on other side of the balance - 1.90-1.91. But, if the price will breakdown 1.70 we will see a price fall to 1.6035. In...
Last 2 impulses was down, it's bear priority. Also last balance goes down. At the moment we do not see an increase in volume and reaction in the opposite direction, which means that with a high probability the price will continue to decrease. The next support level - 1.6034 The situation on BCDBTC is similar.
BCDBTC shows bull priority. BitcoinDiamond is stronger then Bitcoin for this moment. The situation is similar to BCDUSDT: last 2 impulses - UP, last balance goes UP. At the moment we are watching the formation of the new potencial balance with the range 0333-0364. With a high probability the price can test the POC level of the previous balance - 0324. But Iif this...
Hi, friends. The price is in the balance with the range 604-660. As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend. If this balance goes up, with a high probability the price will breakout 700. First target - 710.8. If this balance goes down the price will fall to the support levels 575. This level...
On the chart Ethereum looks weaker than Bitcoin. ETH reached level 358 and it’s minimum of 2018 (BTC is still above its minimum year). Numerous elements had contributed to that situation. First of all – wide balance (indicated on chart, range 400-482) goes down. Down impulse started, so we in priority of sales for now. Second – before the breakdown, we saw the...
A comparison of the similarities of the US Marshal's Auction in 2014 to the upcoming one.
Hi, friends. Last week we saw a false break down on EURUSD. So, now we must waiting for a correction to the lower balance level (1.2200-1.2215) to open buy position. Or you can buy right here. But in this case your risk-reward ratio will get worse, because stop loss must be below the false break down. After a false breakdown of balance, the price usually goes to...
Hi, friends. Our last idea on Lisk was - buy after breaks out of balance 2. But this balance goes down, so now we have a down trend. What next? We have to wait until the price will rebound from the support zone. If we will see the necessary market conditions (large volume + rebound or large volume + pattern price action) on this support zone, then we can go in the...
EURUSD is in balance (consolidation) now with a range levels 1.2218-1.2295. In Friday we saw a false break down of this balance. What to do now? There are 3 options in this case: p 1. Trade after consolidation will be break up. If the price breaks out level 1.2295 and holds above, we must wait for a correction to upper balance level and than buy. p 2. Trade...
After fix volume we have a balance (wide range, consolidation). Better way to trade in balance - from one side to another, and best of all in the direction of the previous trend. So, for now on EURUSD it's better to wait price on good supports level at the bottom of the balance.
It's seems new balance is being formed on 2h-4h interval. Intraday (m15) we have an up trend for now. For new mid-term up trend (impulse phase) we need to break out 12800-13000 zone. It's very important not to fall below 11500.
Hi. To continue growth we need to break out 11700-11800. If the price breaks down 10 000, it will be a sign of weakness - high probability of falling. Now it's better to be out of position on BTC.
For purchase — impulse in 1 week, 1 day — no additional sellers volumes in tue and Wed — Wed was closed without sellers pressure — 2681 - as a support + POC of WED and Tue is down Complicates purchase — restraining volumes on historical high 2696 — in 15 minutes 2672 was not repositioned up — weekly POC is under resistance of this week 2696 Conclusion:...
Wait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction. I provided a couple targets for both directions. Small green arrows are 1.618 extensions of the big green arrows. They nicely land into existing key support/resistance levels. I prefer the upside as it would be a good point (in the context of the 2. auction) to...