The DXY suggests a potential retracement which will of course will be good news for buyers.
The likelihood is that smart money are still holding their trades from the order block, I think this should be a great area of liquidity for a take profit.
If we pull back and respect the most recent demand area, I will consider a buy.
Good luck guys! Let me know what...
Here are my zones and levels for this morning, please update them as you go through the day.
Bears are likely to push price past the Asian low to fill the remaining imbalance (Blue Box) before returning to the supply gap.
In my mind, there is no way that we will see bullish continuations until this blue box is filled so I will avoid trading at this current...
So, I posted this ta few days ago with 2 possible trades and about imbalance above previous high which needs to be filled.
First trade I thought about taking didnt fill my requirement and that is for it to come at middle where my entry woudlve been.
It didnt happen, btc just tapped into that zone and went up.
But second trade if you had entry and sl marked you...
Don't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it.
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
The more I study this chart the more I see the potential for buys to liquidate sell-side liquidity.
Using logic, it would seem that buy-side liquidity has already been swept and any trapped sellers that got caught on the breakout have been given an opportunity to close out of negative positions to join the correct side of the market (Hopefully Buys)
With this...
The price is going to retest the demand zone between 2.5 and 5$ here the first bullish impulse started.
On the weekly timeframe, the price had a double top on 20$ and the market melted until the demand zone.
On the 4h timeframe the price is going to create a descending channel above the demand zone.
How to approach it?
IF the price is going to get new...
The price is creating a falling wedge on 4h timeframe and now the market is testing the support. We could see a new bearish impulse until 1.5.
How to approach it?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Chrr barely touched weekly demand zone and reacted pretty well from it.
Homever I think it will come in it again and have retest of it. There is very small chance that this zone will get broken and that chr will fall below it.
For long investments its good to buy whenevr it comes in this zone( you could go for middle entry or for top)
But for futures traders that...
In my opinion this is a pretty critical level to see where BTC is heading, as it's acted as critical support and resistance this year.
Bulls need a push back over 21EMA, while bears want to break this support targeting $31K next really demand support.
My bias is to the upside.
My bias has shifted significantly since last night, price rejected the fresh demand and pushed all the way back to the weakened supply.
Due to the fact the supply has now been utilised 5 times without any successful pushes to the downside, I believe it is time for the zone to break to the upside.
We have two options, we can either wait and see if price returns...
Since I posted my first ta on alpine in few days it had very big mpump of about 60%
That pump cause change of character and higher high.
So now I am waiting for it to come to demand zone that caused that higher high to be made and then will enter.
This time I expect it to hit at least previous high or even go for $11
This is not financial advice,just sharing my opinion!
-CHF very weak currency. I'm not about to go
and call the bottom of the and neither should anyone.
What I notice is price has created 4x DBD supply zones
in a row which allows us to consider the market overextended,
and we have the ability to draw an aggressive downward ML.
-Waiting for price to have the "elastic band effect"
and have price shoot up and break the...
The market is likely to go sideways in the First half today, Not Expecting any Big moves
The Red Zone is the supply Zone and the Green Zone is the Demand Zone, I plan to buy in the Demand Zone (But not sure), so be active on this post to see my live positions and Trades
Do Support by Liking and Commenting on our Post as it motivates us to post more such...
NASDAQ:TSLA
zone watch... i believe we are trading at the zone level post market.
how the market opens tomorrow will confirm direction. my bias is at the upside because we are above vwap and higher volume nodes are at the upside.
but if the price cant pass the watch zone, it will retest the previous demand.
it might go down to $650... but thats the worst case...
Analysis:
-Trend = uptrend so any shorts will be counter-trend.
-Price inside weekly DBD Supply
-Price reacting off of 200MA
-Price reacting off of resistance line
-Any shorts would be against the strongest currency (USD)
See picture for analysis.
NASDAQ:TSLA
TSLA sold off 9.24% today.... insane if you took that short from open. My risk to reward here is to the upside only because we sold off that much.
Here is im going to play it:
I see a break and retest pattern
tesla is sitting at a demand zone
but the trend is bearish
If we open strong ill take it long to take profit at the retest while scaling out...
