EURGBP long current live position explained. I have taken this position as a speculative move, entering at 0.86257 SL is tight at 0.86000, solid technical and short term fundamentals supporting the move, however Brexit remains a driver that will affect this trade, (please watch my video for detailed technical analysis. Disclaimer: This video is intended for...
Seeing a falling wedge pattern emerge on XRP which aligns with strong support. Be sure to use patience and risk/reward ratio in your favor which I discuss in this video- also take a look at smaller timeframes when entering trades. Thanks for watching, and good luck!
Very interesting small timeframe volatility today, despite that, all price action staying within the range I've been discussing. The market has a lot of uncertainty right now, everyone's waiting for someone to make a move and buy/sell into that weakness. This is the sort of environment that an announcement can make a big change happen quickly, and March could be...
The US dollar has had its pre and post Brexit price swings. As shown on the 4 hours portion of the chart money moved into the dollar, and post-Brexit failure money is now moving out. Price swings based on the news are almost ALWAYS given back within a few days and we see that happening once again.
The range tightens even further as higher lows and lower highs emerge, and a breakout looks to be on the cards as price action squeezes in. Because we're in the bearish range of that trend, it feels like bulls are gathering momentum. Looking closely at XRP for the rest of the month, and expecting a large breakout to occur when these trends collide. Thanks for watching.
We saw a complete retracement into support as I had anticipated, and we're now seeing higher lows in smaller timeframes- great moment to get in with great risk/reward ratio.
Signs of net expansion to the downside, play it careful.
A brief explanation on the fundamental paradigms that actually drive the market.
Monitoring a lot of volatility as predicted since my last video. Tremendous price action. We'll see this continue until the market decides whether we're heading up or down. I think all of you know what my thoughts are on that.
BTC will move laterally as defined by the 100 period 1.25 standard deviation as long as its mass reading is above the 0.7 value. Scalping this range will be very profitable from the top and bottom edges of the band. Mean reversion to the 100 MA is also heavily implied.
Big reaction to hitting support from last video- well done if you got in as I said. I see a potential H&S pattern, but ultimately I don't think we'll see new lows- only higher lows and lower highs until we see a breakout of this pattern, likely in about a month. We're getting close!
Today we'll take a closer look at intrabar movement, particularly considering XRP is on the more oversold side of the spectrum this morning. Hope you enjoy, and good luck
Continuation of analysis- major testing of support at the moment, will be interesting to see if it holds. If so, mid to late March looks like a solid timeline for a breakout. If not? We'll see.
I'm always bearish the JPY pairs but I can't argue with what is actually happening here.
Explaining some important institutional benchmarks here, how they operate and potential scenarios for Bitcoin's continued expansion or compression.
Continuation on a theme, looking at the predicted sell off that has occurred over the past couple weeks. Looking at the end of January for convergence of support and resistance, positions are being made now for what will happen over the next week. Will be interesting to watch.
The pivots are still respected. Happy scalping everyone.
We've entered a period of short term compression. Bitcoin will stay inside of the relevant pivots until the 110 period mass reading compresses below the 0.7 value. To define the current overexpansion for bitcoin, load up the 110 period BB with a 1.25 standard deviation.