After every strong move the price was in flat zone before the next one. So i will try to trade in 6600..7600 range.
It could be that ETH is now in the middle of the same fractal, because i see one that is not finished as well. Im gonna trade this one as a bottom, with tight stop loss, because stop hunt is maybe finished for this move. Daily divs forming as well.
time based corrections hurt just as much as price based corrections
Mercado abrindo rompendo fundo 111770 aguardar retornar na região de 112200 para venda
I’m seeing this pattern time and time again. It doesn’t guarantee it’ll play out but here’s what it looks like: - sharp drop into support - define range below sharp drop - break out of range towards OB from drop - break back into range and then... - DUMP Again, not guaranteed but one to watch. Expecting a slow burn up before the dump commences. Entering short at...
Consolidation before spike up on Daily, looking to sell in this area after price comes back up. Targeting weekly and monthly lows before sweeping outside liquidity (higher prices because of high time frame up-trend). Needs to fill gap before continuing higher, IMO. Yellow Boxes = consolidation Orange Boxes = Gaps or imbalance (fast moves/long...
With GBP index at the extreme optimism level, it could possibly mean the time to short the currency is around the corner - just in wait for further price rejection after the inside bar candlestick
With GBPJPY showing extreme optimism on the daily chart, it is possible there is a pullback if the price also witness another price rejection as observed in CADJPY.
We saw CADJPY rejected at its resistance level on Friday, any further price rejection at this zone on Monday, will indicate the pair is ready for a short term pullback
This has happened before as you can see from the chart
On the daily, a pullback of AUDUSD towards the trendline could be a good zone to go long on the pair as the sentiments for both weekly and daily are still bullish (as indicated in our post last weekend - see chart below).
NZDUSD is now giving evidence of exhaustion on its rally. With the rejection candle observed on the daily chart, any rally will be greeted by some bears
Weekly market sentiments is still bearish, any rally to the resistant zone is a selling...
With the Dollar Index at the extreme bearish sentiment on the daily, the index likely to make a short term rally in order to re-test some resistance levels
Gold has rallied to retest its October lows, now resistance. Could Bitcoin be about to follow? I am still short Bitcoin, but gearing up for a possible sudden rally to the $7800 region. Starting to feel like the bottom might be in....
Hey traders, this is an addition to the XRP chart I posted the other day. Anyways, right now XRP has the best entry you can possibly get. The level we marked out at 0.225 is the strongest support in all of the historical data of XRP. I understand we've been falling all year with the price of XRP, but now this 0.225 level is the same price point right before we...
Hey traders, looking at the 4H on Bitcoin today. Yesterday I posted a daily analysis on Bitcoin giving a longer-term picture. Basically, altcoins are going to go up and Bitcoin is going to have a boring winter. A lot of altcoins are already in the works of going up 20%+ in a day to the price of bitcoin and that is only going to be more in the coming...