Daniel.Dalo

01:07

Daniel.Dalo

Quick video showing two possible long setups based on price tapping 15m demand and producing a change of character with momentum.

Daniel.Dalo Updated 

On the H4 chart, after a massive raid of the highs, price has been falling down, creating supply chain and violating demand levels. My ecxpectations is for price to continue this bearish structure until it breaks the lows of the range.

Daniel.Dalo Updated 

Observations: - 4h still bearish. - Strong reaction at demand. - Entered discounted area of range.

Daniel.Dalo Updated 

4hr is still in a bearish trend, however it wicked above the high of the range, so might see some type of reaction on the closest demand zone.

Daniel.Dalo Updated 

After tapping into a 4h extreme supply (bearish trend), on the 15m we start to see a change of character (ChoCh) and tapping into the last demand. In case this demand fails, my bias would turn bearish. If the demand holds, we can still be buyers until price mitigates deeper into the 4hr supply.

Daniel.Dalo Updated 

On the 4h, things are going as originally expected, price is taking the trendline liquidity while having small reactions from some of the lower probability supply areas on the way. Still the expectation in my opinion is for price to keep pushing through until it hits one of the two supply areas above before seeing a massive drop to continue the bearish trend.

Daniel.Dalo Updated 

Price has reached a 4h supply area, however, not the strongest one, so even if it gives a reaction, in my opinion it will eventually break higher. In any case, we can take advantage, adapt and trade this reaction for as long as it holds. Remember that the first mitigation of an area is not always the true one, specially if it does not tap the EQ level of the zone.

Daniel.Dalo Updated 

On the 4h chart, price is moving as expected, producing a pullback into premium territory of the bearish leg.

Daniel.Dalo Updated 

On the 4h we see a bearish structure, price has produced a change of character and is building liquidity as inducement for a likely move down to demand to mitigate and rally to the supply marked above.

Daniel.Dalo Updated 

Price broke through major structure on the 4hr timeframe and expectations are for a pullback to begin sooner than later. We have a massive imbalance to fill, inducement above and two key POIs to monitor.

Daniel.Dalo

See chart for explanation. Add confluences such as liquidity pools below OB or an OB that clearly took liquidity.

Daniel.Dalo

See image

Daniel.Dalo

CONTEXT Litecoin has been on a massive sell off in very similar magnitude and length (2-3 months roughly) than the rally that took price from $65 to $145 for a +100% increase. Similarly, since late June, price has lost half it’s value in about two months, showing a lot of weakness and little buying interest. However, price has just touched a significant S/R zone...

Daniel.Dalo

For this pair my bias for medium-term and short-term is bearish and this is specially true if price manage to fully and cleanly break the major support level at 0.9040. In this case, I would look for short entries on pullbacks to this level and the profit potential is big, so I will keep a close look at this one.

Daniel.Dalo

After a very impressive impulsive selling on this pair, price is now consolidating and approaching the top of the structure. My plan is to look for short opportunities in the resistance zone between 0.6798 - 0.6818. If price reaches this zone, I would get short and look for a profit taking level around 0.6690, maybe taking half profit and moving stops to break...

Daniel.Dalo

I'm waiting for price to retrace to the 1.1133 - 1.1163 resistance zone to look for short opportunities. Hopefully this will give another impulsive push down towards the bottom support at 1.1066 area and even further in my opinion.

Daniel.Dalo

As Ripple continues to drop, finally price seems to be printing a wider and more balanced corrective structure, which might just be a pause to resume the impulsive move down, however there are clear signs of bulls stepping in, for example look at the massive spike that took price from $0.23 to $0.25 (almost a 9% increase in less than 4 hours of price action) and...

Daniel.Dalo

Ripple is currently on a bearish move after breaking a major structure level at $0.36 and is about to retest a major structure again at $0.29 that has not been taken out since September of 2018. After price broke this level is has gone up to $0.50, so hopes are high for this one. Just to give you an example, if this happens again and you buy at this level and...