Hello traders, Short update on #btc that seems to be trading at low volumes at the low of the ascending range or flag formation. Two scenarios here : 1 Straight up . Where we will meet heavy resistance (confirmed by the orderbook) at 22800- 22950 2 Down to test the support @ 22950 and subsequently the block 21500 What's your take? Which scenario is your favourite?
Current formation - Straight triangle flag, a lot of sell orders placed exactly at $24600 and looks like the 0.66 FIB did it AGAIN! Personal opinion is that we will stay in this formation for a while, the projections of the price exiting this triangle make sense on both sides, i guess we will need to re-evaluate for a more precise direction a bit later. For...
Hello traders, Thought i would update you all with a BTC chart and my opinions on what can happen so here it goes. Let's first establish the formation we are in right now - straight triangle with the flat side on-top. We are now on the high side of the formation nearing the premium zone. Now usually buying at premium isn't a good idea but this premium could...
Nothing spectacular happening until the 14th Feb in fundamental terms. Despite the fact that we look like we hit the potential top of this range multiple times we can see a pattern happening. The pattern in the chart is not bullish it can just confirm the range, the possible outcome when exiting the range still has bearish chances. Conclusion: Pattern can...
Hey traders, here's a short update on BTCUSDT Previous target was hit perfectly, price action barely touched the target point and reverted, shorts gaining ground pushing the price lower. Two scenarios: 1 . Down to 66 fib. This would be the first logical level, chances of it happening 80% 2. Close below 0.66fib, taking out the CME gap. Chances of this happening...
Hey traders Pretty impressive rally from the low teens to this level but where to now? We imagine 3 possible scenarios and in order to work together on this we highly encourage you to comment your opinion or additions you might have. Scenario one : White line - 5 wave move with the 4th move being at the last high - short term bearish Scenario two : Orange...
CTXC can continue its ascendance with another formation very similar to the past one. Keep a close eye on it . We took a long spot , low rr .
Solana is weakening after the contact with the resistance orderblock we have had in the recent rally. The market is losing steam and if the price closes below 0.33 we have an almost guaranteed run for the support block, that will probably bounce the price to 0.66 or even to 0.5 then continue lower to more averaged down levels like the support orderblock.
ETH weakening in the range, orderbook is sell heavy. Friday losing bull steam with a pretty clear short target.
Let's patiently wait for the price action to leave the triangle , both scenarios are viable at this time . Comment your opinion. Bull bias
APEUSDT testing the current structure break on the 4h, also testing the highs of the range with high volume . Expecting potential breakdown and heading to the liquidity levels.
Hello traders and followers. It is with great pleasure that i am sharing my analysis with you so if you enjoy my work please like and follow, this encourages me to continue to do what i do. In today's analysis we are going to take a look at the 6h chart on BTC and most precisely at the key elements of an accumulation phase according to the Wyckoff method....
Hello traders and followers. With this chart i am taking a look at the monthly chart and come with a simple explanation on the price action. Evidently , we have been guided by extremely strong fundamental events, but the price action also has it's say in the way things turned out. When we check the monthly candles we can see that we have formed an engulfing...
EURUSD showing signs that is it weakening. Possible 15m short with 1/3 RR ideal ratio, gap is closed so we can move on . Pretty confident on this one.
Hi traders and followers. Wanted to update you on the ETH price action (stagnant during the Week-End) but showing some hints on what may come. I am going to prioritize the bearish scenario on all of the 3 possibilities, mainly because we are closed below a 1h orderblock that has been confirmed once and because we closed below my trusty 0.33 FIB. White scenario...
Hello traders and followers. We are going to take a look at BTCUSDT and the scenarios we might have in the following days. First and foremost don't forget to like this idea if you agree with it, it motivates us to create more. Now let's get started with the fundamental background that has had two major events this week: - Binance/FTX feud has caused a lot of...
In the resistance area right now, BTC is showing weak signs of strength. If we close and confirm above the resistance area we will be headed towards the next resistance green line. Failing to reclaim this level can send the price back down either to the pitchfork trendline or in the neutral bearish zone. All bullish ideas are invalidated if we close below the red line.
It seems indeed that we are in a channel that we can not escape from. The daily trend has yet to break this structure that looks like everyone is abandoning ship. Hard words indeed, words that make you think if crypto is even worth it. But rest assured , the whole market is taking more or less the same hit. Now back to our daily chart. We can see the points of...