About meRemove if, but, should, would, could, must, hope, wish, want and will from your diction and you'll find it easier to stay neutral in your assessments. Hypotheticals remain on the chart and not in your opinion.
Price hit the low and an orderblock, from here, I have no idea how high it'll go - I don't care either, this chart is just for bragging rights to say "look how right I was in my TA" when there is no TA at all.
Market Profiles allow you to understand the structure of price action, you can alter your profiles to be specific for buying or selling. Having a universal plan shows you where price is going to range, if it sticks to principles of bullish action (Higher Highs, Higher Lows), you can deduce where the next levels of interest are and vice versa.
Interest areas - the...
Focus on the green areas.
Break of the orange parabola and longer term trendline takes price to lower inefficient prices .
This idea is a perma-bull idea considering the longer term, the green areas are generally prices which are desirable for bounces/accumulation.
With price at all time lows and a pattern emerging looking like an Adam and Eve bottom, the risk to reward has a lot of potential (considering price won't move to 0) with the risk being low and the potential rewards to be rather outlandish considering the position in the market.
The fib tool is using a method I've come up with using the positive powers of two -...
XBTUSD | BITSTAMP:BTCUSD | BITFINEX:BTCUSD | COINBASE:BTCUSD | BITFINEX:BTCGBP | KRAKEN:BTCEUR | BITFLYER:BTCJPY
Impulse gaps - when price moves away with large volume and creates a tall candle, price creates a gap of untested areas which could be referred to as liquidity gap.
These liquidity gaps are caused from lack of actual liquidity, forcing price up into a...
Given the triangular structure resting on the dashed blue support and accumulation zone (green box), additionally a single outbreak rejection, it's likely a retest will occur. However a possibility of rejection would send MAID into a third and final accumulation run.
Blue solid line represent expanding wedge, pink cuts to create and ascending wedge.
Confluence with multiple methods of TA.
Volume shows strength.
Moving Average 50 with -50 offset is the best indicator of trend when paired with structural analysis.
MACD crossing bullish; big divergence and continuation signal.
Bullish Channel established.
This is not a buy signal, this is strategy testing.
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Possible wick to 104.12
then decline to 96 before
heading to 120 or higher.
DXY 0.49% rallies:
US 30Y bond liquidations
Money comes back into the market and
needs to be reinvested into stocks to create
a safety from a bond crisis.
Money finds new tech opportunities and
bond decline pushing DXY 0.49% up along with
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30Y T Bond sells off causing a strengthening
of the dollar with a large influx of cash going into
shares and stocks .
When the tech bubble pops people remove
their money from stocks and shares and
look to reinvest in safe options such as
bonds and gold -0.90% .
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Red boxes will be a repeat of history,
if the decline cannot...
116-118 will be a lot of choppy stalling with potential downside of 110.
Lower break will send UJ to 105.5 but I doubt it happening if dollar strength is real. Current OIL and DXY have come to a decision point to find out which is the true strength, my money's on Dollar.
Break below 99 will invalidate this idea.
TP 1 - 125
TP 2 - 130
TP 3 - 135
TP 4 -...
I see UJ making a touchdown to create a lower swing fractal before rapidly going to target.
If support below is broken then trade is invalid. Wait for 101 for the capitulation rollover before going long.
Lower lows on RSI and in price action indicate that this bear flag will break and continue falling until it hits lower level support.
For fibonacci traders this is also around the 1.618 area. First stop may be 0.93320 before a final rollover to 0.89.
I'm not convinced that BTCUSD has finished shaking everyone out before it continues trend, it may not dip so low but I think it will dip below 540. Same goes for LTCUSD but 3.335 would be a hard stop for the litecoin.
With LTCUSD retaining its value and BTCUSD losing more value, LTCBTC pair will likely return to mean approximately the same price it was before...
Inverted H+S - A break and close above 6818 would confirm further uptrend up to a possible of 7500 (considering 7128 is broken and closed above).
A retest of the neckline is a great buy opportunity and shorts should be below this neckline. If the neckline is broken, the pattern is invalidated at the downward pressure will commence.