Dr_RellPips

Dr_RellPips

Log time frame. potential BTC to 420K late march to June/

Dr_RellPips

*FOR JOURNALING PURPOSES* Hello! Please feel to give me a follow and look at previous ideas. The reason why this may be an nice trade: -1 Hour: Price creating support on the AC harmonic level (High Energetic Area). On MACD, we can potentially be creating a higher low. The momentum on the ADX is resetting -M30: Airspace on MACD and there is room to move higher....

Dr_RellPips

*FOR JOURNALING PURPOSES* Hello All! Feel free to follow my journey. I have been watching EURGBP since the recent Daily HL (see previous ideas). Currently on the 30 MIN timeframe: -Price created a harmonic pattern (based of Fibonacci) SL outlined based off harmonic - Took out the H1 equal lows (buyers lost) and bounced up -There are equal highs on the M30/H1...

Dr_RellPips

*FOR journaling purposes* We are currently at a high energetic area (local daily 1.618 extension of local wave). There are soft stops outlined. I prefer the short because there is a lot of imbalance levels below and we would have to pop to the upside with a ton of volume due to how strong the level is. My confirmation are also there on the M15 timeframe.

Dr_RellPips

*For journaling purposes* We are wedging currently on the H4. Look like we can potentially break out to our Monthly .618 level before further price action. I think price will move higher than lower based off the following reasons: - MACD created a HL and is back above the zero ADX DMI confluence. momentum above 45 there is a gap at the local high I think if we...

Dr_RellPips

ETH is very under valued. looking for it to catch support at one of the highlighted areas before moving higher to complete the market cycle.

Dr_RellPips

*For journaling purposes* At the third touch of the daily trend line since creating support above the 1.618 Fibonacci extension of previous market cycle (around 29k). Looking for maximum loss, we should break the trend line and head for .618 daily retracement area. If we create support around 50k (psych level) on H4 we should push and continue the cycle. If price...

Dr_RellPips

* For journaling purposes* Quick mark up based of price action and Fibonacci.

Dr_RellPips

This time the move will be massive because its a daily move

Dr_RellPips

*For journaling purposes* Confirmation check list. If we reject this neckline area price willl spring to the upside

Dr_RellPips

*FOR JOURNALING PURPOSES* Please refer to my old trade idea at the beginning of the week that explained EURUSD OUTLOOK. Daily timeframe

Dr_RellPips

*JOURNALING PURPOSES* I would like to see DXY take out those relative equal highs, Become euphoric around my 1.618 Fibonacci extension (not shown. If Price accumulates around those levels, I would be looking for a very large move down. On this timeframe, that potential C leg move up may be apart of an 123(ABC) wave of equal measure. It is also in line with a...

Dr_RellPips

* FOR JOURNALING PURPOSES* I would really like to see EU fill my monthly and weekly imbalance. Since we are so close to it, my bias is still to the downside. on the H4 we are accumulating again. Price took the H1 liquidity (bank heist), then broke down aggressively. This indicates to me that SMART MONEY may have entered. We are creating a flag near the .382-50...

Dr_RellPips

*FOR JOURNALING PURPOSES* TOP DOWN ANALYSIS: Monthly: Large engulfment. may start moving higher to fill imbalance, to continue moving lower. There is however very large Monthly Equal highs. Something to be mindful of Weekly: - MACD: Push through the downside, came back through the upside and created LH and pushed back through the downside (indicating that...

Dr_RellPips

If we struggle to get above 133.250 on H4 we could see a drop to the downside

Dr_RellPips

*FOR JOURNALING PURPOSES* I use Fibonacci for dynamic support and resistance and directional basis. If you are able to identify the emotional cycles of the market, you can increase directional bias. Measuring from market cycles peak ( Euphoria) to Market cycle lows (depression) you can get an idea of where price will extend to. The importance of 1.618 Golden...

Dr_RellPips

*FOR PERSONAL JOURNALING PURPOSES* -Bitcoin on the Monthly timeframe. About to break the current all time high around 64K (Previously sold off to 29K, Selling pressure) -DMI/ADX above 43 -MacD histogram very strong - Today Bitcoin Futures ETF futures was released - Due to Fibonacci extensions and identifying euphoria and complacency at Market Cycle peaks, I...

Dr_RellPips

Descending channel on H4 and H1 into previous supply zone. Mac D and RSi confirms