FenixCapital

FenixCapital Updated 

Well. 1) Macro bullish symmetrical triangle fakeout leading to top signal. 2) Low volume on bullish break, High volume on reversal confirming fakeout. 3) Omicron Variant market reaction =~= Covid-19 market reaction See SPY fakeout before March 2020 Covid-19 crash. (right) Lastly, see bearish divergence between index and % of stocks above 200 ma (orange).

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Market structure is the enduring shape of a market through multiple cycles (major trends). This particular structure was formed by bottoms in the first major bull trend of ZEC in 07/17 and 09/17. It was then reinforced through tops in the first major bear trend of ZEC in 06/19 and 08/20 forming a two-year accumulation zone. It has now been used as bottoms again...

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Bottom is in, ssdd Declining volume, trend line break, volume on bid side in order book See chart fractal

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2 major uptrend lines (held) + two major downtrend lines (broken out of, held) * 3+ touches * >2 year time frames 200W MA Support Bull Trend Horizontal Areas Drawn in For Ranges Significance => 90 Buy: $72.7-74.7

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1 uptrend (broken) + 1 downtrend (break out) * 3+ touches each Descending Curve * Descending Volume * RSI Bullish Divergence Support @ 12MO High: 17258 Bull Trend Sigificance => 75 (waiting volume conf.) Buy: 18280

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2 longterm downtrend lines (broken out of) & 2 uptrend lines (held) * 3+ touches each 12h 200 MA Bull Trend Horizontal Areas Drawn in For Ranges Significance => 85 Buy = $4.6-4.7

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Risk-off appetite is likely to follow this spectacular push through ATH across the major US markets. Trade concerns and elevated US risks. With Powell taking a slight hawkish stance in relation to further cuts, and president Trump refusing to decide on a “potential date or location for signing a ‘phase one’ trade agreement with China” (Holt, Scotiabank) I expect...

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|Rise like a Phoenix from the Ashes|

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With the announcement of yet another CFTC approved BTC exchange, technical factors are signalling a potential turnaround point. Healthy pull back off recent highs: 1) 200D Moving Average Support (and 4H 200 & 12H 50) 2) Volume indicating maintained bullishness through consolidation/move down 3) Trendline breakout support 4) Horrizontal breakout support 5) RSI 1D...

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Do to recent Macro economic events $USDCAD rebound looks to have stalled under the 40-day MA. Since the Fed has started cutting this spring, the greenback has faired well against the basket, perhaps even outperforming it’s underlying fundamentals. Investors Flock to the USD and other “safe heaven” currencies every time risk-off sentiment flares up. In theory,...

FenixCapital Updated 

Another Dump on futures launch and after coiling in a consolidation (see November 2018). Full analysis of coordinated selloffs later. Market is currently tightening range on the dumps with diminishing sell pressue. Bottom Soon. Here's the support I'm looking at that played into the above November move as well.

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See you on Pluto

FenixCapital

we are in a large symmetrical triangle, no reason consolidation should not continue. 1) hit top side and pulled back to now squeeze in the middle 2) below all 50/200 ma's on 1h->12h 3) hanging on weekly expected move to at least 12h 200 ema @ 9800, at most bottom of pattern @ 9300, before continuing up to 20k.

FenixCapital Updated 

XMRUSD using the lasts of its jet fuel to push $85 Descending volume + ascending triangle = down 1H Stoch making its way to the bottom will probably pull price with it

FenixCapital Updated 

*Wipes sweat off brow* Well, that was a ride. Reminds me a lot of when I started trading BTC in 2015 - the last time we broke out of a bear trend. As my last chart detailed, we moved up through the 4-6k liquidity hole, and then kept going much further then I would have anticipated, showing it is taking very little liquidity to move this thing, but also good...

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As I predicted a few weeks ago we moved up very quickly through the liquidity gap in the 4000's. This allowed price to move up 15% with very little increase in open interest on the long side - meaning the liquidity gap is still there. 1) Huge sell off when we hit 5k 2) RSI bearish divergence on 4H 3) Stuck below 200 day moving averages Target: ~4500

FenixCapital Updated 

We just broke out of the top side of a bearish symmetrical triangle. When a bearish pattern, that has played out repeatedly since December 2017, breaks the opposite direction, it is time to pay attention. Shown with volume profile, there is a liquidity gap all the way up to 6k. Once we move we move. With this, go forth, Find greatness.

FenixCapital Updated 

I am not long yet, but when I am, it will be all or nothing. We have been very slowly and excruciatingly grinding downwards which to me indicates the strength of bulls waiting to push out the negative sentiment. It looks like we will have one last break down to $3k range at which point sellers will be exhausted and there will be no resistance left in the way of...