DrKray

09:58

DrKray

We have a break above the horizontal of 20,700 supported by a breakout from a diagonal resistance. This area of interest has been tested and formed to reversal candlesticks which are a spinning top and a bullish engulfing candlestick. The major resistance on this price action is seen at 29370 so we will be riding this as a swing trade. Rsi and stochastic are above...

DrKray Updated 

A technical break down from its macro range will see btc dropping -19%. This will be in conformity to the macro bear flag thats had btc range bound for over a year. As long as btc trades like a risk on asset, the possibility is highly likely. This playing out takes BTC to $28k! Unfortunately the required volume spread to prevent this from happening is not yet...

DrKray Updated 

Lets watch price action in this demand zone. With oil facing supply disruption and Biden on his toes, what will oil and its products do?

DrKray Updated 

There is a theory that the more a zone is tested the stronger that zone is. Well, i beg to differ as that just weakens the zone from my point of view. A triple top or bottom is said to be a reversal pattern by the books but what do i know? I just follow price and how they interact with order block.

DrKray Updated 

Using order blocks, we see price action in a demand zone where it has to travel to a discounted region to get activated by smart money for a reversal or continue its downtrend. Price broke structure at 1826 and might be heading to its next institutional zone of 1808. Price can however reverse at 1814 which serves as the last extreme low before the impulsive move...

DrKray Updated 

If my parameters remain the same after breakout, retest and hold of 30967 I'll be going long

DrKray

Though price action is in no mans land, we see the bulls clearly in control with eyes on 21,584.1 as tp. Hull suite by insilico shows bulls dominance with a break of structure at 20,872.4 Price will be heading to its next bear dominated region Rsi is bullish, stochastic is bullish, good volume in favour of the bulls

DrKray Updated 

We are un a demand zone that has been mitigated. Look for an entry to Tp at 30697.4

DrKray Updated 

Recently price action has taught me not to get too confident and cocky when dealing with it. Picture this: you have your trade set up as accurately and well thought out as it could possibly be. Unfortunately, your stop gets hit. You encourage yourself that a SL getting hit is necessary and not a thing to be depressed over. You remind yourself how SL is part of the...

DrKray Updated 

Price approaching a supply zone where it got rejected after a rally 6 days prior. Looking for mitigation of this zone to sell side pressure or else, we would be looking for trend continuation. Keep in mind oil and its products are facing headwinds though the supply distortion seems to be acting as major tailwind causing the rallies we see. The range for this...

DrKray Updated 

This seems like no battle for the faint hearted as price action, presently bull dominated, is in no mans land. Hull suite by Insilico (MHULL well above SHULL), volume, relative strength index 53, stochastic RSI 72 all favor the bulls. With Powell alarming the possibilities of more interest rates increase depending on data available, market participants have...