BTC Bulls to Retarget $31,500 BTC could be in for a choppy session as investors consider the chances of SEC approvals for the ETFs and US inflation in focus. the crypto news wires provided much-needed support. News of Fidelity filing for a spot Bitcoin Exchange-Traded Fund (ETF) was the key to the bullish session. This morning, BTC was down 0.03% to...
A very interesting chart on the pound, as we closed with a sweep rather than a full bar close above. The context still remains short, and there's a noticeable descending trend in order flow after the impulsive news-driven move. The third intriguing factor for short positions is that, unlike the euro, we formed equal lows, whereas the euro cleared all liquidity...
Good morning, the plan for the day is strictly long, building liquidity during the Asian session. On Friday, we cleared all possible liquidity below, which allows us to be confident in the continuation of the upward movement. The daily target is the high of Friday. The long context is in sync with all higher timeframes. Priority is given to considering positions...
CHF/JPY Short • If price impulses down below the base of our most recent ending structure, then I'll be waiting for a subsequent tight flag to form and then I'll filter it latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry on the break of it if it's unstructured or I...
| DUSKUSDT | LONG @ 0.14 - 0.17 | TP @ 0.18, 0.19, 0.2, 0.21, 0.22 | SL @ 0.1 | PATTERN = DESCENDING TRIANGLE BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes...
| DCRUSDT | LONG @ 15.5 - 16.5 | TP @ 17, 17.25, 17.5, 17.75, 18 | SL @ 14 | PATTERN = QUADRUPLE TOP BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher...
1h - confirmed long context, despite the news-driven removal of last week's low, it is evident that the priority is to work for the continuation. The targets for Monday are the high of Friday. Conclusions: all timeframes are in sync with each other, a clear priority is only in the long direction. I wish everyone a productive weekend, preparing for a busy week ahead.
4h - Starting from Monday, we moved in a short direction, forming an FVG on Tuesday. On Thursday, the market structure was broken to the upside, and Friday opened with a re-sweep in the news. However, the price quickly reversed after clearing all the formed liquidity below, then continued the upward movement, completely covering the imbalance above.Despite the...
On the daily timeframe, starting from Monday, we continued the corrective movement. On Friday, there was a retest of the fractal minimum formed on Wednesday, after which the closure occurred within the imbalance formed from Monday. The main target for the following week will be the high of last year. Potentially, we can achieve this after clearing the low of the...
GBP/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
Jan 04th 2024 1. The weekly swing is bearish on the weekly time frame. (See green 1 for strong market structure) A. I expect price to move through my risk management strategy to move from 1 to the 2 on the weekly timeframe 2. Price is currently in the equilibrium between the weekly high strong (see green 3 & 4 for reference) Price is more likely to move from...
1H - On the 1-hour timeframe, we are in a short direction, with the targets being the local low. It is also worth noting the emerging order flow, with a target at the minimum of 2030. The scenario will be invalidated if the price closes above 2050.
4H - On the 4-hour chart, we are still in a short context. The context shift for a return to the long side is marked on the chart with a red line. While we are still in a short context, it is preferable to work in the short direction.
1D - Despite the short-term bearish movement, the price is still in a long context. The nearest target can be considered the fractal minimum located in the FVG. After reaching this level, I would like to see a continuation of the movement towards the target levels around 2090.
Hello everyone, at the beginning of the London session, we experienced a shift in structure to the long side, in sync with the long order flow that started yesterday. With excellent liquidity work below in the form of overlapping imbalances and fractals, I would like to see continuation of the movement higher during the NY session with targets at the London high.
USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down followed by a tight flag and then I'll filter the latter on the fifteen minute chart and be looking to get short with either a risk entry within it if the flag is structured, or a reduced risk entry...
AAVEUSDT has established a significantly vast demand zone adjacent to the $50 psychological level, consistently respected over four consecutive instances, emphasizing substantial buying pressure within this zone. Preceding the recent bounce, AAVE broke above a downtrend trendline, signaling readiness for further upside potential. Subsequent to a robust correction...
BATUSDT's recent breakout above the downtrend trendline and respect for the demand zone affirm its ongoing bullish phase. With Basic Attention Token currently trading near the downtrend trendline, which could act as support, we anticipate a potential continuation of the uptrend. A target at the 261.8% Fibonacci resistance level suggests the potential for a...