After fix volume we have a balance (wide range, consolidation). Better way to trade in balance - from one side to another, and best of all in the direction of the previous trend. So, for now on EURUSD it's better to wait price on good supports level at the bottom of the balance.
It's seems new balance is being formed on 2h-4h interval. Intraday (m15) we have an up trend for now. For new mid-term up trend (impulse phase) we need to break out 12800-13000 zone. It's very important not to fall below 11500.
Hi. To continue growth we need to break out 11700-11800. If the price breaks down 10 000, it will be a sign of weakness - high probability of falling. Now it's better to be out of position on BTC.
For purchase — impulse in 1 week, 1 day — no additional sellers volumes in tue and Wed — Wed was closed without sellers pressure — 2681 - as a support + POC of WED and Tue is down Complicates purchase — restraining volumes on historical high 2696 — in 15 minutes 2672 was not repositioned up — weekly POC is under resistance of this week 2696 Conclusion:...
Wait for a voluminous breach of the purple triangle, and place shorts/longs in the same direction. I provided a couple targets for both directions. Small green arrows are 1.618 extensions of the big green arrows. They nicely land into existing key support/resistance levels. I prefer the upside as it would be a good point (in the context of the 2. auction) to...
Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...