As a rule of thumb, when a market spends some quality of time going in a one sided profile its important to keep in mind that a fatal correction is very likely to occur. As in the case of BTC i expect price to trade down to the following levels in the coming weeks: 34,000 32,000
The correction we saw on us30 was just an attempt by the smart money to upset the sellstops residing below the weekly ssl . Looking at the bigger picture, its easy to see that the dominant trend in us30 is uptrend.
As we can see from the weekly time, there is a chance for Matic to form a new low
DXY has reached a critical level that i think it will reverse from there. However i will for a HTF market structure shift to justify my bias
Giving the bullishness of DXY, we may dropped to 1.11000 big figure inthe coming days .
The same idea for BTC. I think we go up first then we move down agressively
We will likely see 1965-1980 and then we will resume going lower
We will go up first and then the market will giveup the ghost and nuke lower.
we are likely to see lower price for BTC in the coming days, giving that we created an ICT3D pattern which genarally signals a pontential reversal My out look for BTC is that we will first trade around 30780 which is around a premium FVG. From that area we will likely trade down to 27500.
The kind of price action we are seeing in btc is the typical example of a low resistance liquidity run because there is no way by any a logic the market can be frame on both side(long and short) 1. Price is heading to the daily fvg.(discount) around 23700. 2. We expect to see it trade to atleast mid point of it . 2. Market is desperate to go to discount.
I have no traded This pair for a while, however, looking at the DXY chart I can't help but to affirm my bullishness for JPY on HTF. With that being said, there is a high probability that we will see in the coming weeks(or even days) this pair run to the 'low resistance' of the buyside liquidity around 137.873. Note: this is a daily chart it my take time before...
As smart money trader, this coin has not provided me with enough signals to put money behind it. The chart looks very sketchy. The only things I can frame on it are: 1.We went bellow an important liquidity array(old low) 2.Marke shows strong willingness to go up (displacement ) 3 order Block shows a strong sign to support price. 4. We are currently at an OTE...