Reviewing the Fridays New York (03.02.2023) XRP Trading Session. - Sharing some thoughts and my personal view. - What could have been traded? - Pattern: Market Maker Pattern
Looking at the high time frames, it seems that has topped out (short term wise) and will run back to grab so liquidity.
people buying desperate into liquidity. price could drop to 0.35$ to full the 4h fvg. if in doubt, there should be a buying opportunity around 0.35$
I am waiting for the OTE 0.79. This looks like a distribution for me. There is still an unfilled FVG below.
This is how I would trade this pattern. 2 Conditions for entry: 1) MSB 2) FVG Fill in 0.68 FIB
Upside liquidity was taken. Now we are retesting 0.79 OTE area.
I found this pattern on the daily chart (XRP) Looks like the move is going to repeat.
BINANCE:AVAXUSDT NASDAQ:NVDA Bubble ChaserZ finest. I came across some interesting fractal. — “History Repeats”. Nvdia is a flagship stock when it comes to bubble cycles. We can project these moves onto the crypto market.
- good project massive undervalued in my opinion - down about 95% - basicly on a huge discount
The fuck off pattern after capitulation. Sit on your hands and ride it.
- reaccumulation - high volume spike - liquidations - large bid on orderbook
- volume profile shows huge resistance in 11730 area. (PA rejection) - positive funding on bitmex. (a little upwards move would cause more fomo and huge funding. -> not worth it for market makers)
a break through the low range would lead to a drop. pattern looks like a distribution phase. be safe