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Equilibrium

BTC Update! Equilibrium Bull Break!And heres what we have been watching and waiting for! When these patterns tighten and people start piling in and then anyone just watching the order book as we approached back towards $8175 to get an insane bull volume and popped extremely fast to $8700's. I do expect some profit taking from many who trade these patterns here so may see some quick swings but overall trade setup and pattern worked very well. Pullback this morning towards 12 EMA on daily to perfection. It happened faster than I anticipated and thought we may bounce around for 1-2 more days trying to find a higher low but bulls jumped quickly here. Happy Dance! Happy Memorial Day! Happy Trading! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Equilibrium continues to tighten! We continue to watch the daily equilibrium as well as our 12 EMA for support. Last chart I had scaled into BTC and ETH as they had dropped down to find their higher low compared to $6600 on the daily and used the EMA as guidance on where to place my buys. Bulls established the higher low at $7467 and it appears bulls are setting their next lower high at $8175. So we now have the high of the overall move at $8388, lower high at $8315 and it appears our next lower high at $8175. I left this tentative as would like to see a bit more follow through by the bulls to confirm this is indeed another lower high. From there the bulls will seek to maintain their higher lows to keep the pattern tightening. $7467 is the level I am watching and anything above that would give the higher low. If using the 12 EMA, somewhere in the $7700's would be a great higher low for the bulls. This would really tighten up the equilibrium and would ideally see a bull break out of that to bust to higher highs. A lot of traders are now watching this tightening range so I am expecting a fairly strong move depending on which way the pattern breaks. Have your plan ready with your buys, sells, stops, etc. Happy Trading and those in the US, Happy Memorial Day! Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Continues to ride 12 EMA Support! Equilibrium in playHello eveyone! I've been out of town for about a week and got back a few days ago. Finally getting around to posting for charts and will update on my personal positions. BTC has been bouncing around slowly recently and daily chart has taken shape for a nice equilibrium. We had the high of the move at $8388 and low of the pull back at $6600. Bounced for a lower high at $8315 and looks to be safe to say a higher low at $7467 although waiting for a bit more follow through on 4 hour chart to confirm this. This gives BTC a nice equilibrium to be watching. The 12 EMA I always have on my chart continues to hold very nicely as support and offers excellent buys or rebuys for those trading the market. I personally bought back in this last pull back for BTC using the 12 EMA as guidance and was able to scale in as BTC pulled back and re-approached the EMA. I scaled in on both BTC and ETH again. Last trade off those I had sold BTC at $7850 and sold ETH at $277 and $254 and was able to re-enter positions of BTC at an average of low $7600's and ETH at an average of $243. I am back into a full position here and will utilize 4 hour higher lows as my stop losses. If the BTC bulls can break this equilibrium bullish then I'm looking up at $8488 and $8600 resistance. Otherwise looking up at $9k and $10k psychological. A long ways away from that but bulls continue to show they are buying the dips, EMAs continue to hold support and the sideways action for the past week or so has allowed RSIs to cool off some and ideally give the bulls room for a bull break. It's a holiday weekend in the US so will be away from charts until Tuesday. Lets see if the bulls can show up over the weekend and get the break we are waiting for. If the equilibrium does break bearish, I'd be looking down at 26 EMA to see if that can hold support for the bulls and allow bulls to buy the dip again.
COINBASE:BTCUSD
by My2Sats
GBP/USD Long with 19.0 R/R - 300 pips potentialIf you like my work hit that like & follow button. GBP/USD is currently consolidating around Equilibrium and without any close above, there is no reason for an expansion. Yesterday´s low and reaction to my bullish OB signals strength. Therefore I am looking for a long position at EQ of that OB while taking out yesterday´s low. Three different scenarios 1. We see GBP/USD closing a 12hr candle above Equilibrium. This would lead to an expansion. -> Less likely 2. Our Limit-orders get filled>retest of 1.29770>take out lows until 1.29000>pump --> Medium probability 3. Our Limit-orders get filled and GBP/USD respects EQ of my bullish OB. --> Likely>High probability Therefore you can decide yourself which setup fits best for you.
by CleanTrades
EUR/AUD Short with 6.7 R/R - range fakeout + bearish OB EQFeel free to hit that Like & follow button! Anticipating a potential Short with 6.7 R/R. nEUR/AUD is approaching it's range-high. Daily-candle-high didn't engineer liquidity above our 6th of March high yet. For this reason I'm patiently waiting until PA confirms our higher-probability setup. If we don't get a strong reation off 1.61330 I believe a fake expansion out of our range while rejecting our first bearish OB and 0.618 Fib is likely. Targetting for 1.56300 - 1.56650 while taking out lows + OTE. Updating this analysis once PA confirms and price is approaching our higher-probability setup.
Short
by CleanTrades
NZD/CAD Short with 7.0 R/R - rejection of bearish Orderblock EQDear Traders all around the world! If you like my work, leave a like & hit that follow button! Current leg-up on NZDCAD could lead to a retracement on the 4D-weekly chart. A 2016 Nov' trendline matching with EQ of our bearish OB, 4D-RSI approaching trendline-resistance and overall price trading at OTE gives confluence here. 4D candle just closed below EQ and trendline, wich indicates lack of strength here.
Short
by CleanTrades
1
US30 Wall Street Index - Golden Opportunity with 9.0 R/RDear Traders all around the world! Today we're taking a look at the US30 Wall Street Index. Parallel you can use this analysis as confluence for a SPX Short. If you like my work make sure to hit that like & follow button! Price is currently approaching EQ of our bearish breaker along with daily-RSI approaching trendline-resistance too. Volume is decreasing although we've seen a nice leg-up from the 25th March on. Tomorrow we got NFP Data that often leads to some volatility. In case of XAU/USD where TA was align with the NFP-Data, it led to a change in trend. Overall I'm looking for a decent 9.0 R/R Short Setup as displayed, targetting a bullish OB that aligns with overall EQ. Update after NFP release.
OANDA:US30USDShort
by CleanTrades
CGC continues to tighten in Equilibrium PatternCGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position. Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally very significant movement to whichever direction it breaks. Please note, although not textbook due to amount of time, some may argue that this is a bull flag scenario. I will keep everyone updated as to what positions I open for CGC.
C
by CryptOReilly
A Daily EQ inside a Weekly EQ. Bulls need to break 3915USD!!Bitcoin is currently trading within a DAILY EQUILIBRIUM pattern. As you will know from my previous crypto weekly analysis, BTC is also trading within a WEEKLY EQUILIBRIUM with a recent weekly high potentially being set. Personally as a trader, I make the most money upon longer term EQ breaks, and the tighter things get, the more money there is to be made upon a break. Please read below for my current position in the market and for key prices to be watching to plan trade set ups off. For the short term I am holding a neutral position and will sit out of the market and see if the bulls can test the 3915USD area. If the bulls can test the top of the DAILY EQ at 3915USD then this will lead to good trade set ups for both long and short positions. By a good trade set up I mean, the ability to enter a position with an effective stop loss in place. e.g entering a position where you have significant support 1% below the price. PRICES TO WATCH: Top of Daily EQ- 3915USD (Bulls needs to push through and then look to test weekly EQ resistance) Bottom of Daily EQ - 3679USD (If bears push price downwards of EQ then will look to test weekly EQ support in 3300USD area) Of course as the macro trend is still bearish I will always be favouring short positions and would enter short if forced to be in the market. However, at the moment I would prefer to wait for a more favourable outcome for myself as a trader. I am the unemotional, devotional trader that society doesn't deserve, but needs!
COINBASE:BTCUSD
by CryptOReilly
1
Total Market Cap needs a push for the BULLSAs you can see by the chart displayed, the total cryptocurrency market cap is in a clear Equilibrium pattern despite certain coins breaking into weekly uptrends and some getting within 1-2% ranges from bull breaks. We also have the 12 and 200 Weekly Exponential Resistances just above the current price which creates a more favourable trading environment for the bears on a weekly time frame. The reason I argue that this is a more favourable trading environment for the bears is: 1- Low of Equilibrium pattern is around 3300USD so there is still a lot of room to the downside to for a higher low and continuing to tighten. 2- 12 and 200 exponential resistances overhead. 3- (Referring to BTC as a trade) Since we are a lot closer to the top of the Equilibrium range as opposed to the bottom, if one wants a bit more risk in their trade and doesn't want to await confirmation, a stop loss above EMAs or EQ top would be less of a margin then a stop loss below supports if a long position was taken. 4- The Macro Trend is still bearish. Until the trend is ACTUALLY changed, then the current trend has to be respected. IF you are bullish, based off this chart and trading from the weekly time frame, I would not take any positions at the moment as an efficient risk management plan does not seem possible until a better set up occurs. All in all, the best thing to do in this situation would be to wait for confirmation of a marketcap EQ break before entering long or short on trades. If I was forced to take a position, then as stated above, I would go short with stop losses in place from above EMAs to above EQ on BTC. I am the Unemotional, Devotional Trader that Society doesn't deserve, but needs!
CRYPTOCAP:TOTAL
by CryptOReilly
BTC Update! Another leg down but bulls respond!Bulls finally trying to defend today. Last couple charts have been on weekly time frame where we were watching to see if bulls could break to a higher high on weekly. They failed and made the lower high up at $4189 before the pretty dramatic sell off a few days ago. Originally I was watching for a lower high in the low $4000's and then a fall to somewhere between $3600-3800. The quick fall to $3712 in a few hours had me very cautious that the bears were not done and was then expecting a slow few days before bears potentially dumped price again. We finally got the second leg down today where price fell from low $3800's to $3655. Positive is the bulls have bought that dip relatively well to bounce price back up towards $3800 as of this post. I am now on daily time frame watching to see if bulls can build that buying volume and establish $3655 as the higher low we have been seeking for on the weekly chart. Still too early to tell but do like the fact the bulls woke up today and bought price back up. Not pictured but if looking at 4 hour chart, watch the EMAs as 12 EMA has been solid resistance since we peaked at $4189 a few days ago. Bulls have rejected from this EMA 5-6 times now on the 4 hour time frame. A push above there with some bullish volume will help to confirm bulls are keeping the weekly chart within a healthy equilibrium. Another rejection and bears dropping price back down and the concern shifts to bulls running out of space to maintain a healthy higher low on weekly chart. Again, I am heading out of town for several days so won't be back on charts until next week. Protect that capital, trade with patience. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Another Equilibrium. Another Perfect Trading OpportunityHey guys, if you followed me on my last post you would have known that I was anticipating the weekly Equilibrium to take place and was top phishing short positions from 3900-4200. We are still in this weekly equilibrium and we still have quiet a distance before our recent weekly low of 3,330USD and find ourselves in a 1hr Equilibrium. I am personally keeping the macro trend as my friend, and putting on a short position now at 3772USD with 2x leverage. My stop loss as displayed on the chart will be at 3820USD which will be after an EQ bull break. Ideally in this situation I would make back the 2.6% I lose on this trade in a run up from the EQ break and a push from a potential daily EMA support. This is an ideal trading situation whether you are long or short as it allows you to have tight stop losses in place and your risk:reward is IDEAL!!! with 1hr, 4hr EMA resistance ahead and the macro trend being bearish, I really have to favour the bears in this situation. Guys, please give me a follow and a like if you find this analysis helpful to motivate me to provide more detailed and frequent trading content. I am the unemotional, devotional trader that society doesn't deserve, but needs!
BITMEX:BTCUSD.PShort
by CryptOReilly
2
Short term pullback MOST likely. TOP PHISHING ANALYSISBTC is Currently sitting in a Weekly Equilibrium pattern (As you can see in white horizontal lines on chart). BTC has a lot of work to do with the weekly EMA resistance showing early significance so far with a small price rejection. We are also approaching our previous weekly high around the 4200 area, which if broken, would create an extremely bullish mid term scenario which I cannot anticipate without some significant fundamental events occurring. If we analyse the shorts chart from Bitfinex, we can see that we are at areas of accumulation on the weekly time frame, which in the past has triggered downward movement for Bitcoins price action. With these particular things taken into account, I am top phishing short positions from 3900-4200 in anticipation for this weekly equilibrium pattern to continue and a lower high being set on the weekly time frame. Even for the bulls, a lower high, higher low then movements to higher prices would be the healthiest price action long term. So in saying this, for the short term, I am bearish and top phishing short positions. Also note, decreasing volume since initial bounce of the 'proclaimed' bottom. When we zoom out and swing trade these larger movements then we can make plans a lot more effectively. Theoretically, if these top phishing opportunities do not prevail, then a stop loss will trigger above the resistance zone of 4200 and then there is the chance to make that money back on a potential bull run after breaking resistance. I am the unemotional, devotional trader that society doesn't deserve, but needs.
COINBASE:BTCUSDShort
by CryptOReilly
2
BTC/USD Short with 5.4 R/R - possible SFP in playDear Traders all around the world Today we're taking a look at BTC/USD. If you like my work, feel free to like & subscribe. I'm always interested in your opinions, so leave a comment down below! We're finally taking out our 19th January high at $3784. As shown in the chart, we have a nice symmetrical triangle . Current trendline-top could match with a possible SFP (Swing-failure-pattern) . Therefore, I'm considering to short BTC/USD, while mainly targetting for $3220-3250. If we manage to close our daily candle above $3870-3890, this get's invalidated. Letting PA develop before taking any further action. Updates following.
BITMEX:BTCUSD.PShort
by CleanTrades
2
XAU/USD Long with 3.1 R/R - validation above range-highDear Traders all around the world As analyzed in the previous XAU/USD chart we‘re looking for a daily close above $1315.20. I decided to take a look at the 4hr chart and maybe see things developing in advance. Referring to the right chart in the picture, we just closed a 4hr candle above range-high at $1315.27. Turned out to be valid, as we just pumped to $1319.22. This closure & validation indicates us that we’re likely going to close our daily candle above range-high. Took out it‘s low right where EQ of our whole expansion is (where the tick is) and closed above EQ of our grey block. This means we gained control of the upper half of the block , which sends us to $1326.30. I expect us to engineer liquidity in our crucial-zone at $1332-1334. Entry-zone: $1315 - $1316 TP1: $1317.50 TP2: $1320 TP3: $1325 TP4: $1330 Stop-Loss: Below EQ of current leg-up or 4hr close below range-high again. $1309.72 Updates following as daily candle develops. Daily close above $1315.20 is our key validation.
OANDA:XAUUSDLong
by CleanTrades