when you wanna buy something in this market there is an other person (maybe smarter than you ) in opposite side that thinks here is good selling opportunity just wait and hunt good prices to jump in
just seems like it makes sense to me. I think we go and hit daily H3 and Pivot. Then we maybe fall back. Wider cpr. Using camarilla pivots. Lets see the reaction on L3
This pair has been horrible to trade, it is caught in a very ugly looking range that keeps teasing us with structure shifts. I won't be interested in trading this pair until we get a clear breakout or a scoop manipulation as illustrated. Until then we must sit on our hands and look for trades elsewhere. The majority of retail is buying USDCAD according to...
Structure was purged and a false breakout occurred, price pulled back to attack the trap, ready for the bearish move to emerge. How's that for a Forex poem?
NZD/CHF had a big push down after that it started having an consolidation faze and them some market manipulation to grab some profits from retail traders. I think it is the end of it and if we can get a nice bullish candle to close above the blue level it will be a nice indication that price will continue pushing higher. Cheers
After the recent bull run, many bitcoin analyst target the old time highs (20000 $). However based on my analysis, BTC is in a very important short manipulation zone. The first objective is in the 10832 $, the full potential that I give to this movement is up to the 9475 $, it could continue even lower. The risk/reward ratio's are extremely favourable.
in the chart. (meant to type monthly L4) in that place where price went
Well a reveersal to take out Traders on Top still possible but the Low (red box) would be my bearish target.
Looking for Break to the Top with a Reversal to the lower levels in order to take out Breakeven Stops. Also there is some Imbalance below the Open that needs a fill.
Lokkkng for a New Low. Breakout to the High Breakeven Stops and Breaish in the messured Move. Still could be a Downside Breakout with revsere to the yesterday breakeven Stop lebels
The Chart explains what's my idea is. Still the exact opposite could happen. but I won't do A or B this time Got Updated as I posted it to the wrong Language
Pretty much self explanatory. The opposite of all of this could happens as some previous highs haven been hit and we could a down trend 2-3 days.
With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see...
Notice the 5 touches of previous resistance marked by the blue arrows. This "strong level" entices people to sell and place their stops just above the level. See how price begins to fall from this level marked at the red arrow? This also draws more sellers into the market; people don't want to miss out; then BOOM! Price breaks the level and wipes out everyone who...
As we can see the black area indicates a potential zone where retail traders are tricked into going long by the illusion of fake support. Large institutions and experienced traders know most novices will have their stop losses just below this level. Institutions and banks manipulate these levels and take out stop losses to gain liquidity in the market. Once a stop...
Today I go in depth on the variety of volume pumps and bidirectional stop hunting.
Since the start of this year silver prices have risen 10% versus the US dollar and 13% versus the Chinese yuan and the Indian rupee. Despite the strong rise in silver prices, their overall performance has been rather disappointing. Gold prices have considerably outperformed silver prices. As a result the gold/silver ratio has risen to new highs. The...