NK008

NK008 Updated 

Afternoon Traders, ADA is starting to give us a good signal it has been grinding down lower and lower showing compression within the price action as we near the $1.100 mark why do I think this, we just broke the 1.180 level (61% fib level) this is giving me a strong indication that price will produce a buy opportunity at the $1.05/ (sub area) around the 79 -...

NK008

Morning Traders, a bit f a late one, but we finally ran the 50,000 level, it did so in classic price action behaviour, break/test the high induces shorters comes back and takes the high, doing so with very strong momentum. I hope all enjoyed in the potential gains and a big milestone for the cryptocurrency world.

NK008

Afternoon Traders, we are currently now seeing some interest in sentiment from BTC as the overall market cap just sniffed the $1.5 trillion market cap over the weekend. Interesting to mention that squeezing wedge style patterns do not always result in continuations, and our illustration is clear proof of this. what do I see now well I have been expecting a...

NK008

Evening traders, we hit an ATH this afternoon (GMT) I wasn't expecting an explosion of liquidity, more so that price would slowly creep up to the 50k level. This has been down to most likely a steady rise of more established players in the financial realm and beyond, that are now buying into BTC giving that slow ascending movement. This steep upper trend line...

NK008

Good Morning Traders, I may now seem like a broken record, but I can only illustrate what the charts show me. the illustration here, is indicative of a continuation type formation these types have become more common around crypto especially with bitcoin suggesting intuitional influence. I'm expecting a slight pullback and a breakout of this structure,...

NK008

Afternoon Traders, BTC, didn't quite play out to the illustration as we showed earlier, instead, I adjust my analysis inline with new data. we are back at the 48k level with a nice break and fade, the next few hours will be crucial for our BTC run to the 50k. what's your thoughts guys?

NK008

Morning Traders, As we saw yesterday we were too early to the run to the 50k level and consequentially the 1.5tr market cap. I have marked out and illustrated how i see price action playing out, I will be watching structure to determine how we progress. The Illustration suggest we will get a compression on volatility which leads to an expansionary move to the...

NK008

Afternoon Traders, looks like we failed to break and hold above our level, lower structure broken, I'm now expecting sell off and a deeper pullback. I will continue to monitor.

NK008 Updated 

Morning traders, we have a continuation wedge style pattern this type of set up is conducive of playing the overall macro trend bias for me which is bullish. we have already touched the 48k level which is classical price action behaviour, you cannot run a new high with a mild pullback (or a better price to enter on.) as we can see this set up is actually much...

NK008

Afternoon Traders, I've illustrated and highlighted 1 likely scenario given the state of the Dollar and relative strength from the EURO, this chart clearly illustrates a bullish movement as we pushed above the 1.2000 level this being a KL, the pattern is suggests a continuation of the overall trend at a test the 1.2000 level as is it lines up with the 79 - 88%...

NK008

Evening All, its been some time, but I'm glad to be back the trade we can see was one I caught later on, I'm assuming some may have got in a lot earlier. so for me Price came into an area of strong interest as well, as highs we haven't seen since around 2018, I'm seeing some overall bullish Euro, with a short term sell off to come in the future.

NK008

Good morning Traders, As we can see we have reversed and showing bearish signs, yet we are also seeing exhaustion suggesting to me price action may potentially push up after forming a descending channel that may play out out to the upside indicated by the single black trend line and green directional arrow. My area of interest has been highlighted if we get...

NK008

Afternoon Traders, we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward. The level of interest will be the...

NK008

Evening Traders, AS Previously shared i was looking at a Buy order set at the highlighted area, Price action indicated to me it was in a low momentum corrective phase and gave me further confidence to set my order and wait, the trade hit my entry at 13:00pm and pushed up as you can see, another precision entry despite price action becoming very aggressive. What...

NK008

Afternoon Traders, We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower, I've highlighted my area of...

NK008

Afternoon Trader, As we can see we have had weakness from the dollar, price action has been pushing up very well in favour of the euro, I've highlighted my area of interest ideal if we have a push down into this area i will be looking for an entry long as illustrated, given if price action confirms the entry. Alternatively, we may get a break of the lower...

NK008 Updated 

Good morning Traders, price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking. In my view of price action, I see further upside because we still have some buying power within the...

NK008

Good morning Traders, this pair is an interesting one, Price action is clearly pushing up but I seeing wicks at the tops of the candles indicated by the red arrows, this too me suggests the push up is not sustainable and we may likely see a reversal from a higher level. alternatively we could have some very strong bullish candle closes over the next few hours...