Decided to record a new video. Ultimately I want to try out Youtube, though I'm also just happy posting on this platform. The 20 minute limit is a little difficult, so this often warrants a part 2.
In this video, I discuss recent market movements and describe a couple of medium-term possibilities. I go a little bit into why I am not particularly bullish longer...
Self-explanatory. If you want to see me completely go nuts, watch this. You might learn something, you also might not. I do talk a little about the importance of trust for moving forward in society.
This is meant for entertainment only.
Here's Part 1:
IF you are looking for a basic answer as to why the market is in the state its in please do watch...
Its part of NATURE. Within moves up you will get moves down..
Its how you treat you Trading Account that really will matter.
Trade HVA's lightly.
Synthetix has been ranging between the current support of $2.95 and $3.60
I'm seeing a few points of confluence at support and see on the TPO and 30minute imbalance chart that there is a possibility of short traders being trapped at the low if price moves up sharply
1. Fibonacci golden pocket area
2. Value area low of the fixed range
It looks less likely that we have an ABC finish in this area and more like we are seeing a larger degree correction.
Right now expecting a move to 340-350 and bounce up for a 4th wave and then a final 5th wave A wave bottom around 300-325.
other things still a possibility but right now think at least 340-350 is likely
not financial advice
hasn't gotten a good 3rd wave extension like some of the altcoins have. if we do see a reversal, MATIC looks like a good potential for a short.
overall market has been pumping and has gotten into a zone that could be a C top.
Still bearish at this point, but not a whole lot has changed in macro
not financial advice
Top down multi timeframe analysis, my current perspective on XRP as we go into a new week - remember trading is reactive not predictive the patterns and setup i have explained have high probability of completion but we have to wait for confirmations at the zones mentioned BEFORE we can take any position.
Waves Had a run of about 75% to the upside yesterday to $7.27
This morning it dumped down to $6.10
Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long.
One of the reasons I entered...
Ahead of J.Powell testimony later today i have made a update on BTC from a multi timeframe price action perspective. Hope you enjoy my analysis, remember this setup IS NOT VALID until we see the change of structure from a LTF perspective. If there is something you would like me to breakdown next please comment below.
Happy Tuesday, subscribers and TradingView community. Thanks for stopping by and checking out our latest analysis video. Today our focus is on Bitcoin's 4H chart.
Looking at the 4H, we can see that Bitcoin has made the first leg higher, breaking the last lower fast trend and moving above the moving averages. Since that break higher, we have seen the market move...