The previous analisys was pointed out a short trade on the weakness of BTCUSD below 9505 .
As i said, the levels showed up in the chart have a big importance in terms of volumes and volatility,
the area from 9500 to 9300-9250 presents a big congestion and should be a way to distribute some contracts and follow the long period downtrend in act.
But, there's the...
Sell under 9505, target as in the chart.
If the breakout will not confirm by the volume, it will be a nice level for an end-of-week pullback post-poning any other short scenario.
I see many interests on these levels, but i tend to execute short trades since the long period features will remain in bear-situation, so decreasing minimums, price below regression on...
As i said in the last 2 BTC's analisys, where i've build a levels map to identify the interesting levels area as dynamic support and resistance,
i've a clear short view from 10.800 based on several long period patterns which are showing much more realative weakness than relative strenght.
Long period approaches presenting a nice and wide bear channel coming from...
In the chart there's an overview with the most important levels in terms of volume and price action on LTCUSD currency.
Now we're on the 50% of the previous down-leg, so i think that given the correlation with BTCUSD the pair should make a retracement after this 50%'s pullback, only if his son BTCUSD confirm and continue with the bear trend in act.
As you can easily see on the chart, ETHUSD represents an important test of a Long period Key level in 950 area with
a volatility tecnhinal pattern confuguration.
It's a compression, we will see what happen analisying derivates and other lower-timeframe momentum patterns, to properly take a decision.
PS: BTC doesn't matter
If derivatives will confirm price swings, and shorts will became stronger on long's weakness, i see a short scenario considering the previous posts, if the weekly key level will be confirmed with a bearish momentum breakout and if the actual lateral market will create a distribution situation as mentioned before.
I also know that on the M1 chart we are ATH , with...
The H1 chart figure out that the relative bull strenght is becoming weaker, anyway, i don't use to invert anticipating , so I suppose that we can reach the first Key leves near 11.000 US Dollars and after a good pullback and a short momentum setup, i think that the levels mentioned below 10.500 (in the related post) will take more sense.
I'm talking about short...
I think that those levels will be important in the next future for the disruptive currency of BTCUSD on Bitfinex.
Trade safely and first of all wait a momentum entry point to invert or follow the trend keeping in mind this monthly levels maps.