Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
Pepe created fresh demand on the daily time frame. The zone is above the trendline, so we can use a buy limit order the first time. However, the second time, use confirmation
Took a short yesterday that went according my analysis. After a retracement and doing further analysis my bias is still leaning heavily towards the downside. The monthly nor has the weekly high been breach to make a new higher high. Right now, i'm looking at a rejection on the 4hr and 1hr timeframes that looks to be hitting resistance inside of a fair value gap....
Weekly: -Sellside liquidity taken. -OB. -FVG is acting as support. Daily: -Bullish M pattern. 4H: -Bullish M pattern. -Inverse H&S pattern. -IC.
I see a nice gap up on Dollar Index. As always, chances are high that it will be filled soon. Approaching a key daily horizontal resistance, the Index started leaving bearish clues. I spotted a confirmed breakout of a support line of a symmetrical triangle formation on an hourly time frame. The Index may drop soon and reach 104.95 level. ❤️Please, support...
On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. Price action has now confirmed support on past resistance. 3) A weekly life cross prints. 4) Lastly, price action has exited a bull flag. The...
H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. ...
After doing top down analyst my bias is leaning towards GJ heading to the downside. I see multiple touches on the daily timeframe that have rejected the monthly fair value gap. I hope you all have profitable trading week. EP-199.631 SL-199.831
On the above 12 day chart price action has corrected 90% since early 2021. A number of reasons now exist to consider a long position, they include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. March price action printed the first higher high followed by the first higher low in February. 3) Support and resistance. Look left, the blue arrows....
Friday's nonfarm payroll report took many by surprise to send the USD dollar sharply higher against all of its major peers. And that clearly took it toll on the Aussie, which suffered its worst day in five weeks. A bearish outside week formed, all thanks to an elongated bearish engulfing candle on Friday. AUD/USD managed a minor rebound from its 100 and 200-day...
Expectations has been shifted and now the bulls has taken charge! Expecting 4.457% to be met this week!
Last week, NZDCAD corrected to a key daily horizontal structure support. This morning, we see clear sign of strength of the buyers - a bullish breakout of a narrow horizontal range on an hourly time frame. It looks like the pair returns to a global bullish trend and a correction is over. Goals: 0.8435 / 0.845 ❤️Please, support my work with like, thank you!❤️
GBPNZD may drop from a key daily resistance. The pair is trading in a long-term bearish trend and an intraday price action on an hourly time frame leave clear bearish clues. I anticipate a retracement at least to 1.077 ❤️Please, support my work with like, thank you!❤️
On the above daily chart a ‘incredible buy’ opportunity now exists following a 80% correction since April with oversold condition (orange column). Why bullish? 1) Price action breaks out of resistance to find support. 2) Regular bullish divergence. Lower lows in price action with RSI and MFI higher lows. There is actually 8 oscillators showing bullish divergence...
On the above 4-day chart price action has corrected over 90% since the sell signal back in March 2021. Now is an excellent long opportunity. The reasons? 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence as printed over a 4 month period. 3) Support and resistance. Look left. 4) The target is defined from the falling wedge. Is it...
Price tapped into the daily fvg presumably creating the high of the day/week. Waiting for a sweep of liquidity on the upside or smt divergence on eu or dxy for a short entry. Target 1 to be the London low, Tp 2 on yesterday's daily low.
Bias Bearish. Yesterday price took out the Asian session in the NY. Today if price doesn't move High in attempt to fill the imbalance left behind Last week after the NFP, I am anticipating a move below yesterday's daily low. Entry on the 15mins fvg. NB: tomorrow there's FOMC so if price doesn't make the high of the week today (if it hasn't already) will be...