As you can see, the price is sitting in a large excess range, trying to push higher with the bullish momentum since the opening. Looks like it is feeling lots of selling pressure. But if we can break up and into the higher naked value area, there is great opportunity for a bull run to the value area high. Otherwise, we might go back to the value area from...
If Price loses The green Support box High probability BTC will go to the Lower green line.
BTC is making LH's on the lower timeframe 5M.
Look for a break from 46700 BTCUSDT to activate Shorts.
This one is a little bit of a reach, but I've done my best to corner it.
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The Offspring and caffeine are the only things giving me life at the moment. They are literally propping my mental up like crutches in the armpit.
Possible sell strategy for gold. Use in combination with your favorite confluences.
*Edit*
The sell zone got tilted somehow between drawing it out and publishing. Sorry about that. It is supposed to sit above the top trendline.
Trying to maneuver our way into how to enter actual trades during this chapter. Talks about reversal patterns and candles are happening. The eventual talk about how "not everything is textbook" and "you just have to use your best judgement" is also being aired.
He keeps talking about selling when price is in the upper area of the channel. Probability states this...
Rounding out Chapter 1 of the book "Price Action Breakdown..." I am asked to label moves as initiative and responsive based on how the author has described initiative and responsive. From his perspective initiative is when buyers/sellers decide that price is no longer agreeable and take the initiative to move it up or down, hence the name initiative. Responsive is...
Description:
An analysis for the week ahead.
Points of Interest:
$3,580 Balance-Area Boundary, $3,506.25 Excess Low.
Technical:
After an initiative upside drive on news that another COVID-19 coronavirus vaccine developed by Moderna Inc (NASDAQ: MRNA) was 94.5% effective, U.S. index futures pared gains as participants struggled to maintain higher prices,...
