dmitry089234

dmitry089234 Updated 

Deadly simply point of entry with a low risk. Probably we are going to test a support level, again.

dmitry089234

I have been waiting for a price reversal like all of us, but there are still some problems with that. All attempts to buy - absorbed. The buyers activity with high volume brings 0 result. Daily chart - last Friday was epic fail for buyers. I think we're going to make a new lower low.

dmitry089234

Just trying to determinate a Phase C in the current Trading Range. Let's wait for some kind of confirmation, sign of weakness or strength to complete the phase C.

dmitry089234 Updated 

I see an reaccumulation pattern in this downslope trading range, it should be confirmed or canceled with higher high and BU action. The local target is 40k+.

dmitry089234

At the current price structure I've selected three trading ranges. There are 1-1, 2-2, 3-3. 1-1. This price channel is in a Phase B now, and the bias isn't clear for me at the moment. I suppose this is Distribution pattern, but we still have to see some kind confirmation, like a Phase C. I expect that this TR will unfold this week, we could see SOW or Spring...

dmitry089234 Updated 

Over the past 8 hours, buyers have failed to break above the previous high, indicating a lack of buying interest from Institutional participants. Therefore, I expect the development of sells, a test of a resistance zone and again the continuation of sales. According to the cyclical analysis the next week will be: Monday: correction The rest of the days:...

dmitry089234

Well, right now, I'm not sure that this is an re accumulation trading range. The UT action for now, doesn't tell us a lot. But the volume and Change of Character show us more details. ChoCh to reserve the trend? Maybe yes, maybe no. But, it's a good time to understand where could we go next week and further. I will wait for the end of the Monday to see who...

dmitry089234

The current trading I'm considering like accumulation pattern. The main reason is Spring type event in a Phase C, and then we had a successful test. Also, take a look at the bar number (1), you can see the absorption of supply - this is an another great signal that the CO maybe would like to test the resistance level, I mean @1965 & @1980 But, to make this...

dmitry089234

Euro Dollar 2 Week timeframe. Disclaimer. I understand that in a period of instability, especially during a war, it may seem useless to make forecasts, but since the market has become a part of our life, I will continue. Factors that point to a further fall in the euro. Europe's sanctions against Russia obviously harm Europe itself more than Russia. Gas costs...

dmitry089234

I think we are in an accumulation trading range now, and we can expect the continuation of buying activity. I still need to see some kind of confirmation, so I'll wait for a retest of local POC and if the sellers couldn't go lower, I'll buy. That's the plan for tomorrow.

dmitry089234

I have two scenarios for the next day. 1. The previous Low could be a Fase C with a Spring signal. In this case we can expect a bullish movement up to 39700+. 2. If the buyers won't go higher, we can expect a new retest as well. See POC at 35000.

dmitry089234

I think we have a classic accumulation pattern now. The trading range shows clearly the support and resistance levels and buyers, maybe some CO, also appeared with bullish candles. After the BU action we can make a new High in a few days. Let's see.

dmitry089234

I think we are finishing current distribution model. We have already had the phases A, B and C(as an UTAD). After LPSY I expect the down move until 1888. Trade will be active when we pass the POC(the red line) of current trading range.

dmitry089234

Please note, this is not a daily chart, 1 bar = 4 days. Scenario 1. A-A trading range, the previous high (69k) can be seen as an Upthrust and a Signal of Strength. At the moment, we have reached a significant level of POC and there is a possibility (according to the theory of cyclicity) that after the 25th there will be a rebound upwards. Also, the further...

dmitry089234 Updated 

I think we can try to buy from current position. We already see the reaction from support zone, so let's wait for some pattern and trade it.

dmitry089234 Updated 

I think It could be an accumulation pattern. We already had a Spring & test events, let's wait for a while.

dmitry089234 Updated 

I see the current movement in an ascending trading range and right now I cannot tell if this is an accumulation or distribution pattern. I still need some kind of confirmation, some kind of climatic action that I do not see at the moment. I think that the price could test the current POC @1.1288 and buyers may still be waiting for better prices to open their positions.

dmitry089234 Updated 

I assume we are in a distribution trading range and now was formed a Last point of supple event, so decided to sell BTCUSD with a very short SL.