From the new data, it became clear that the decline, wave B, has already ended, and that we are in the making of wave C, with a strong final decline
From the new data, it became clear that the decline, wave B, has already ended, and that we are in the making of wave C, with a strong final decline
A decline is expected for Area C to close three downward waves
The extended flat has been completed and it will be boarded again
It is expected to rise to the shaded area to close the B wave
Near the end of the Ending Diagonal model, from which the decline begins to the shaded area, which is the bottom of a wave 2
btc/usd makes bearish AB=CD bearish butterfly harmonic fill liquidity makes bearish divergence fake breakout of bullish peanut ready to achive again its trendline for 3rd time on daily tf volume decreasing i am also looking many more reasons so let's see whats happen
It is expected to drop to the shaded area for the completion of wave C, including the beginning of a long gathering of a new high
Here's a schematic I drew out replete with some volume spread reads which seem to indicate LTC may be fixing to distribute. If we rally above TRR we must take caution to ensure we are not buying into a liquidity grab before the LPSY dump. If you chose to swing this, the lower retracement levels are ideal profit-taking/selling opportunities; for longer-term hodlers...
BTC doesn't look healthy at all, from a bull perspective. For a bear though, it's looking robust and full of life! Watch out for the ascending wedge we are currently in. Exit liquidity looms around 17.5 to 18K USD. Do be careful if you're tempted to go long this holiday season; your Merry Christmas could turn into a Beary Crashmas literally overnight. Please...
A bearish ascending wedge has emerged in ETH, reaching back up to the already-mitigated liquidity void hovering between 1300-1350K. Look for a decisive retracement in price if this void is touched again, as this is the sell order block MMs are dropping their supply at profit. The underlying Fibonacci retracement zones can either be used for shorts for bear...
We can see a bottom reversal pattern in the pair. A big bar closing near the highs indicates strong buying pressure. Good to buy now or wait for a minor pullback.
Doge has been showing signs of weakness for some time now, evidenced by a recent break to the downside from a bear symmetrical. Above it looms three supply order blocks; beneath it is a freefall past the 1.272 Fibonacci all the way to the .058 area and throughout it all supply has been the dominant power. Be safe in these markets, be vigilant! **Like making...
Pt 2 Continuation of Back test on CME_MINI:ES1! I show how ICT concepts can help you move through the market I still use VSA as well
As consistent with the present trading range, supply still dominates. The last effort by demand volume was unable to re-take TSA (range support) from a 1.272% Fibonacci retracement bounce. This indicates the bears are in still in full control, with the next leg down estimated to reach the 12.5-13K zone. I will continue to monitor the volume spread analysis as this...
Waiting for the pullback from the strong resistance level that previously served support. Points of control do not let the price go higher. Activity of buyers is decreasing. Target - 0.021
Trade Order: Pending Order Buy Limit. Entry: 0.6500 Stop-Loss: 0.6465 (35pips). Target: Open.