scottmcscran

scottmcscran

The move down from 49k was from a major fib level but was just before a pool of liquidity. My thoughts are that the move down from 49k was just to accumulate more stop losses at 50-52 that could then be used and buyside liquidity for the people who want to sell into that buying interest at a higher price.

scottmcscran

If price does not just blast up to 50k. Judging by the daily chart on market cipher showing that we likely have a drop coming. I am looking for the 4 hr to grab the liquidity from the highs at around 44k and wick up into the golden pocket/786 fib area, which is also a fair value gab with an old high to the left so we know there will be break even TP's there, and...

scottmcscran

If price can't hold the value are high it currently is, with bearish signs on market cipher, then it is more probable than not that price will come down to the value area low. If this is the case then I will look to enter at the 0.786 which is confluence with a high volume node of the local range making it an ideal place to look for bullish signs on market...

scottmcscran

Obviously its a meme coin so it could blast through any of these levels especially without confirmations but so far on the mid term timeframes it has respected analysis pretty well. So do what you can with this if you know what youre doing. Good Luck!

scottmcscran

If price does hold this high time frame .786 fib level as support I would expect to see some kind of a trigger wave on the 15 min chart and money flow + momentum divergence on the 1-6 min time frame price comes down into this local golden pocket. Of course that is if price does not just jump or fall way out of this local range.

scottmcscran

Some areas of confluence from which to potentially take some local scalps if as price hits these levels and market cipher shows divergence on both momentum and money flow from the 15 min chart to the 1 min chart. If price does not just plummet or jump upwards rapidly.

scottmcscran

Between around 30.3k and 30.8k are some fresh resistance levels that are yet to be hit. If price comes into this box with the criteria frp, listed I will take a short risking 1%-2% of my entire account. *1hr money flow (Red/green oscillator waves) coming down and crossing the 0 line *1hr momentum creating a divergence (Blue oscillator waves) *1hr vwap...

scottmcscran

After seeing how nicely link ranges I have decided to try trading it so here are my levels from my first time analysing the chart. Take a look at my other posts to see what I am looking for on market cipher at each level it's the basic market cipher stuff really. KEEP IN MIND. If price continues up to the top of the range the lower fib levels will change so look...

scottmcscran

Here are my trade levels for this range Just looking for the usual market cipher confirmations. Mid timeframes printing momentum trigger wave or divergence. Lower timeframes printing momentum divergence with money flow waves getting smaller over time as price hits the level.

scottmcscran

If this local potential bear flag plays out exactly to the dollar on a resistance that is a directly on a trend line, a daily S/R level and some fib levels with market cipher b showing 1 hour divs and lower timeframes showing clear bullish divs as price hits the level it could make for a nice trade as XRP clearly likes to drop quickly and come back up.

scottmcscran

Contrary to my other post price could just come up to the top of the range into the resistance of a 0.886 fib level a monthly s/r and a naked daily point of control. If this can happen with mid timeframes showing momentum divs and money flow continues down price is likely to come back into the value area and down to the low of the range where it could either once...

scottmcscran

If the bitcoin price can retrace down to the golden pocket that is sitting just outside of the value area low of the range and market cipher is showing some mid time frame (20-30min) momentum divergence' with lower timeframes showing money flow coming up toward the 0 line and momentum divergence, then it it likely to bounce back into the value area making it more...

scottmcscran

I don't usually trade patterns unless they have much confluence but bull flag would create a higher high on the macro timeframes if it plays out. With confluence on such a high timeframes I would start to trust it a little more but still only risking 1% of my total trading account.

scottmcscran

If price does reject from this resistance (Hopefully it doesn't) and come back into the macro value area price could hit the golden pocket retracement of that move up which has a lot of confluence such as an old and very respected weekly s/r a naked daily point of control and a daily s/r. If price can bounce from that area with market cipher printing a trigger...

scottmcscran

basic macro market structure swing trade. Two daily s/r levels as well as a weekly s/r and a major s/r flip on BTC. If this is how it plays out is could be a very profitable Q1

scottmcscran Updated 

As price comes to these levels I would look for either a divergence on the 1 hour or just a trigger wave with the lower time frames showing clear divergences with money flow going in the direction of each trade and the vwap curving towards the 0 line also in the direction of each trade