Prelude: BTC has been on quite the bullish impulse which has been a great ride however on September 7th the market experienced a strong bearish impulse which broke the most immediate bullish market structure. Although PA has been finding support above the Daily 200 SMA until today. Current situation: PA has invalidated both the most immediate level of bullish...
BITSTAMP:XRPUSD XRP has always been a late boomer and considering all the FUD and the mist around it, it would be smart to play a contrarian role and just to be ready for the possibility of “melting faces” to the upside (with a small chunk of disposable capital). It is massively lagging behind other major cryptos, but for us “veterans” who did not enter the...
Confluences: 1: Weekly chart trendline breakout. 2. Trend is bullish with price making Higher Lows and New Highs. Entry: Price is over extended at this point in time. This creates the risk of price pulling back to retest the previous high or the trendline while at the same time creating new higher low. This when we can start looking for entries and reassess...
Confluence: 1. Weekly Chart Trendline breakout and close. 2. Weekly Chart Double Top pattern formation (Not textbook style double top pattern). Price seems to have failed to create a new high. 3. Trend is bearish as price is making Lower Highs and New Lows. Entry: The way the market is positioned on the weekly chart shows this is a fresh breakout. 70-80% of...
This chart takes the 2015 - 2018 and compares it to 2020-2023 Camarilla levels from daily up to yearly. use previous time frames prices action and plot next levels on the first of the years. (Example last 2020 Jan 1st. It plotted H3 and L3 (top and then bottom during covid scare) which is interested because on Camarilla pivots . H3 to L3 is just the projected...
Looking ahead at this point Nov 1st 2020. General outlook not signals or a trade taken trade. Awaiting confirmations and further daily / 4 Hr structure to form.
Possible short plan: 1. H4 clearly show is a downtrend with a perfect trendline (marked) 2. Awaiting to break downside to current uptrend 3. Awaiting to retest after broken the buy momentum 4. Look for rejections from the zone when price started to head downward will follow it down.