dee718

dee718

Looks similar to the EUR. Its early in the week so it may need a day to get moving. I wouldn't be surprised if it ripped to the upside with the pressure being this low. That last trend does appear tp have had some buying into which might xplaiini the abrupt up move. How many retail traders do you think are now holding the bags who were in short positions? At...

dee718

You can make the volume bars a solid color. I go back and forth where I used to use Green and Red. But I think a solid color does a better job amplifying the negative space. You can see the negative space at the session divider and how a trough is formed. PHASE B.. Will see if it can pull away from that previous SELL BLOCK (Supply zone). Looks like the pressure...

dee718

Ripped right through that low pressure zone. It’s the negative space in the volume. Another way to look at the volume is instead of looking at it as individual bars, try looking at volume as a solid object. Now look at it in waves. Like a wave it has a “crest” (high volume) and a “trough” (low volume). Anyway…. About a 2% move. Profit has to be taken. In my...

dee718

Text book wyckoff patterns all over the place. Sometimes you have to look at these crypto patterns in a more “grid” like fashion. Depends on the overall width of the trading range…. Make sense? Lol…. I understand if not. It’s hard to type all of it out. I might have to start doing videos… I’ll see. Maybe when I get back from this skydiving trip I’ll experiment. I...

dee718

Supply pressure looks light. It ~could~ move through that negative space to make another leg to the high side. However that’s too risky for my taste and prefer it cool off a bit and come down to where I have a target set. I’ll start looking at that 50% retracement area and if that doesn’t work, that last demand block. And if it doesn’t come down and takes off...

dee718

The volume on the BTC futures cart is the most predictable. The CME has a work schedule. Its very easy to identify. Look at the volume... as usual this is the most important indicator. It allows you not only to see where the big players are buying or selling but more importantly volume shows us where they AREN'T buying of selling. I sometimes refer to thiis area...

dee718

Look at how low the volume is there. Nothing to hold up the price. Yesterdays analysis assumed thee market would wake up and start the buying, but it didnt. This is why its good to wait for price to enter your designated target area first versus just entering the trade. Thats the entire point of what you see me do here. These are tentative targets only. Its IF...

dee718

Happy New Year people. Looks like a downtrend to me. Would be surprised if the RSI can break the 75 level. At a minimum we want it above centerline before looking for an entry. \ Note the lowest volume of the day (most important and predictable piece of TA on the chart). Looking short on this one for now.

dee718

Happy New Year. Some retracement target areas should priice pull back. Using RSI to confirm price is stretched to its maximum. Positive Divergence always a bonus. Use the session divider (Verticle line) to identify low pressure areas. Price s ALWAYS drawn towards low pressure areas. No exception. I do not have to prove this to you. All you need to do is look...

dee718

Happy New Year. A quick analysis using Linear reg tool, volume and 50% retracement. I still think we will see sub 10K. Maybe not. There was a few big demand spikes in there (green volume). There is some buying going on but it doesnt resemble an accumulation type pattern just yet. Surely there are small day trades in there if you know what you are doing. As...

dee718

Havent posted in a while. Working on other things. But I still keep an eye on these charts. There just hasnt been anything exciting with BTC right now. IN MY OPINION BTC is not dead. Its just doing what it always does. It scares everyone out at the lows. It then settles and slowly accumulates.. This process can take 12 months, 24 months etc... In my opinion I...

dee718

GBPJPY is always a tough one to pinpoint. But Here are some potetial areas. If it does continue to the down side, we want to see it get away from the floor. The RSI is an excellent tool when used as a point of reference, not an entry signal. If looking for a short situation its important for the RSI to be above the center line at a minimum. Remember that the way I...

dee718

Short. Looks weak. Its low so it needs to get away from that support a bit more. The usual targets. Will see ow it goes.

dee718

Big picture is down trend. Hitting some pockets of demand volume into the low prices as usual. Will have to wait until Monday/Tuesday to see where it goes.

dee718

15 minute initial target area. Sundays into Mondays are always wierd. The Market needs a day to start churning approproately but sometimes there are entry's on Sunday. Waiting for everything to start. To be continued...

dee718

Thats a pretty large concentration of volume. Would look at closing short positions (my opinion). It could be a large entry with no immediate follow through. But that volume is too large to ignore. Somethings up. Will have to see how this materializes. But Short might be high risk here (same with ETHUSD and some others).

dee718 Updated 

Follow up from July of this year. Took quite some time to materialize. Waiting for lower prices on all crypto currencies. The Trend is down. Good luck.

dee718

Looking for continuation of the downtrend. If you are looking at my descriptions, you know the drill. EURJPY is usually a bit tricky. It tends to not behave in a uniform manner. But even if it is noisy, as long as you stick to the principles, you can mitigate your risk... or you can look for another pair!