Running a test of Initial Balance based on NY Open, for BFX :BTC/USD with 10% daily atr vola filter. Protected candles noted in both directions. Watching for break above or below 10% levels to gauge intraday market move and direction.
Daily ATR at time of post 1627; cme and 1602; bfx
Appreciate the risk.
At the moment we still have a bear priority But the price finally reached daily support area 0189-0194.
It's a huge area can hold the BCD from further falling.
Of course, a lot of things depend on the movement of Bitcoin.
What to do now?
If you want to buy BCD, you need a confirmation in the form of a breaking of the last balance.
To make this true the price...
In current market conditions we are expecting higher volatility in equities due to ongoing issues, during times like this diversification is key.
See commodity tracking fund index above for security + growth over coming months
Expecting to see $18 in the near future
I am still dollar cost averaging in equities but adding this index to portfolio is key to...
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...
BTG is in the main balance with the range 17.68-21.70. Intraday balance (range 14.80-17.68) after fixing goes up, that means we have a bull priority in intraday charts at the moment. The support level 17.68 is very important. If the main balance goes down and the price will break down this level, bull priority will change to bearish again. As long as...
As we see, unlike many other coins, BTC didn't want to update minimum of this year.
The price goes down very hard, there is a large volume, I regard it as pre-fixs. Somebody keeps the price from falling. It's good.
On chart I indicated area 5740-5840 where buyers must aggressively meet the sellers. It's very important zone. Last strong...
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...
My view on XLMUSD.
After fixing and last buyers points we have a new balance (consolidation).
Right at this moment as I write this analysis this new balance goes down.
In this case first support level will be
0.2402 and 0.2122 (POC of the last wide balance).
If the price will return back into the new balance in 1-3 bars,it would be a false break...
BTC is in the wide balance with the range 5800-6840. Mid-term up trend will begin if this wide balance goes up.
Until this happens we must to trade inside the balance from it's borders.
For this moment we see a bear initiative: bear reaction from the max volume which is located near the high balance level. At this moment the price reached midpoint...
We see that the CL is in strong trend and see the breakout of balance also. And now you can buy CL at border of minicosolidation "Buy1" (69.9) with "Stop1" or wait when the price will retest the border of the balance "Buy2" (69.32) with stop under the middle level of the balance (68.12)
Hi, friends. BTC reached the upper balance level and now I am expect a small rebound from it. Rebound needs - the price should rest before breakout 9770.
Where we can join to this up trend?
1 enter point - 9500.
2 enter point - 9300.
If the price breakout 9770 without a rollback to the support levels and the balance goes up, put a buy limit on 9775 for the...
Bitcoin jumped today quite unexpectedly.
Yes, the balance was clearly visible, but the jump from the middle of the balance without any volume was a surprise for me.
At the same time, there was no important news background. But, as we know, news is a lagging factor, so we can learn more about that later. Perhaps this is due to the news that CFTC...
The price approaches to the lower balance level (2533.25). And now we can try to buy from the lower balance level (2533.25) or wait for the false breakdown and then to buy from the lower balance level with stop under false breakdown
BTCUSD is in balance now. After sunday's false break down the price is going to the higher balance level (7200).
According to the it is better not to trade rules against false breakdown.
At this point, it is better to wait for more understandable conditions.
The price is in the middle of balance, so wait until the balance goes up or down.
We saw a false breakout of the balance. For now we can wait for the retest of higher balance level and sell at 65.58 with stop 66.57
The target is the middle level of the balance (62.63 - target1) or the lower balance leve (59.09 - target2)
This post (comment) is for educational purposes only. Past trading results
DO NOT guarantee future performance.
Hi everyone i was doing analysis for EUR/GBP currency pair, now i see somekind of consolidation of this pair, the market is in balance. If the balance is going to be broken, we can have a continuation bearish trend.
The price returned back to the higher balance level (65.2) and rebounded off it. We can sell at point of "Sell" - 64.8 with stop at 65.85. But if the price will consolidate near the higher balance level (65.2) we need to close position