Semi-predictive fractal from 2013/2014 aligns nicely with HTF supporting trend-line. Seems rational as well considering time of approaching sell-off occurring around Christmas, an time historically we've seen sell-offs .
HTF perspective --> sushi hits range low --> pumps towards mid range or range high It is still in the huge downtrend, so far playing the range --> 3 possible scenarios ? IMO we hit the mid range, after that, keep an eye for a while to decide which direction we go
I am curious of others thoughts on this monthly candle close. Not only the Nasdaq but Spy, Dow all closed with bearish reversal candles after a frothy year and a month of mania and extremes. Large influx of retail traders as well. Go back and look for monthly doji reversal candles that aren’t at a top. Perhaps it’s not the too but only a significant correction...
HTF Analysis of the Bitcoin Top We are currently experiencing a widening cylinder due to the capitulation of today (26/11/2021). -The current bottom would be 48-53K. -A third top would be put in the 87-89K zone. -Next correction is marked to bottom around 69K. -This bottom would signal the start of the blow-off top that reaches it high around 200K. -A failed...
Both fundamentally strong projects that got overvalued at the top of a bull run. Both dumped more than 90% since launch. ICP seems to have much more strength as can be seen from the first bounce to 0.382 fib retracement.
This pair isn't as clear as the last 2 but if a drop was to start from the levels BTC & ETH are at this is where XRP should follow suit. A retest of the smaller fibonacci's 78.6% retracement around $1.29 - 30 would be where I will take another sell position. Any closes above $1.30 - $1.41 we can likely see $1.70 again. Anything above $1.70 we can easily and...
Same as BTC, expecting a weekly close beneath the last ATH.
Having a look at the two weekly TF we see a lovely trading range with PA bouncing nicely between low 30's heading towards the 50's, this has been here since 2010. Indicators on this TF look bottomed and riddled alive with bullish divergence. MFI trending upwards contrary to the price, likewise fisher and MACD. We are also watching closely for a bull cross on the...
Healthcare has been getting slapped as of late but there are some fine investment opportunities. Galapagos is one I have been keeping an eye on. It has formed a broadening wedge on the long term and holding nicely on the support line. Fisher on the monthly frame has crossed up and MACD is showing signs of levelling off. LTF, day especially is showing signs of a...
Update on the downside bias for crypto in general, currently tapping into a bearish trendline. Also a potential fibonacci in play with the 78.6% retracement lining up with the resistance. Rejection at resistance would also create a head and shoulder formation, for another confluence. Eyes on XRP rn, dont think we will break above the $1.30 region for now but...
Just a snapshot of my HTF markup to follow on from my morning outlook posted earlier, i mainly keep my focus on 15m during session but always aware of the bigger picture.
HT/USDT IS TOKEN Huobi Exchange which got dumped really hard when it stopped serving chinese customers. But price held the lows of june and made sweep with a wick but didn't closed any HTF candle below those low and made multiple divergence on multiple time frames. Also the sell volume got absorbed. In my opinion it will rally back upto 14$ and if it breaks...
Bitcoin has recently finally broken out of the 42-30k range with a nice price increase afterwards. Currently facing HTF resistance @48-50K, we brake this big resistance we could see new ATH's. If we get rejected hard we are back inside the range of 42-30k again and we consolidates some more. Bullish scenario: Weekly closes above 20W and hold it as...
Currently at 78.6% fibonacci retracement, should this hold on the higher timeframes I would expect a downturn from here. Lower timeframes look good, Daily closes on or around the retracement around $57K is what im expecting. This could be pricing in some negative news coming in soon, around the 15th - 18th October with the US Government running out of money.
GBPJPY - 4-8 Oct Weekly Plan Monthly: With Sept close bearish below recent monthly support at 151 and Monthly resistance from April 2018 at 150.50, I would expect more down side continuing the current bearish pressure. Weekly: Previous weekly solid bearish close confirms the bearish pressure on GBPJPY and any pullback failing to create new high and get rejected...
Just need to wait for the monthly close. But if true, this should take time to play out.
GBPJPY 19 - 24 Sept Outlook and Trade Plan Structure: Weekly closed Solid Bearish Daily Solid Bearish LH/LL 4H Bearish (First break of bullish structure) Nothing major changed from last week outlook except that we managed to close below 151 after we formed HH last week but failed to hold the bullish structure and on Friday we had formed LH on 4H after retesting...
Sometimes we can get stuck focusing on the smaller timeframes. Take a step back and look at the bigger picture.