Current price is in between. neutral on a lower tf where look for buy and sell opportunities. On this 3h chart, I am willing to sell it at the supply zone.
Just an old idea, no need to hide it now ;)
Idea is that the price of Bitcoin and other mined tokens follows the supply trend.
As you can see the total number is always increasing, but in Bitcoin's case the rate halves every 4 years leading to an overall diminishing trend which should saturate at maximum supply (21 million tokens).
This is one of the reasons...
Didnt quite get to its potential on this trade. Didnt even reach my TP untill it shows massive sell. Hence had to close the trade for only +30 pip.
Really feeling dissapointed on this trade. Market decided not to give ...
USDCHF diverges from the dollar during the euro session and continues to climb within a rising wedge when the dollar starts to fall again.
If we compare both dollar and USDCHF in the D1 chart, we will see that both are trading within an ascending triangle and that sellers are more in control then the buyers.
The dollar has already started to fall while USDCHF is...
Im waiting for better risk to reward, doesn't come forget it.
If you are ok to trade larger stops, proceed to short at 125.78.
Stop is clearly above red zone and potential profit at the start of green zone.
Good morning, traders. Price has continued to rise as we have been discussing in Discord. It's the only place that I continue to update my thoughts and targets. I was short at $5080 but closed that at $5050 and went long at $5174. As a trader, it's imperative that you are able to flip your position if new information calls for it. I have fleshed out my EW thoughts...
Nice swing for the EURJPY. 1:10 RR , strong move with very little time price spent at the supply area. Meets the criteria of a rally base drop. Small risk for 22 pip with a 220 pip reward.
Who's with me ?
Looking for previous resistance to turn support. Entry shows confluence with the 70.5% fib level. Aiming for weekly resistance at 192. Trade setup based on previous trade idea linked below.
I was shorting this pair since Monday and yet didnt have any good outcome and its almost Friday tomorrow. I've close this trade as the reaction are not suitable Supply and demand type of trade even if it meets the criteria.
GBPJPY previous day close was bullish, ongoing Brexit fiasco has provided this pair to go bullish. If the pair can break above H4 resistance then it should continue to head towards daily supply zone.
Presenting a wyckoff accumulation for Bitcoin
The main area of focus on this chart is the JAC (jumping above creek) that we see near the bottom of the trading range.
Price displayed a change in/of character by jumping over the dynamically forming resistance (made by connecting the peaks of the highs) on noticeably higher volume. This illustrates the market...
