BTC - Slight Distribution After Nearly 10xMorning my fellow traders, and happy new year!
I hope you do not have a hangover right now. But if you do, get a tea going, it usually does the trick for me!
I can't deny the possibilities for another rally to take out the highs, but I'm thinking what the market makers are planning is a simple inverted Adam & Eve pattern that will lead us to new opportunities within the next month or so.
Keep in mind that for sometime now Alts have not been giving, and I believe that after this next Alt season (which I believe we will still get), they will keep giving less and less.
I sold near $100k for probably a couple weeks now. Did not get a perfect $108k sale, which is fine. Now I'll focus on a reentry if this plays out.
Trade thirsty, my friends!
Short
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6324
Stop Loss - 0.6351
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD Is Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.031.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.026 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NZDCAD Will Go Lower! Short!
Take a look at our analysis for NZDCAD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.812.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.805 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 71.93 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/CHF is making a bullish rebound on the 1D TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.932 level.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.906.
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NZD/USD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/USD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.564 area.
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AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.625 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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S&P 500 struggles at the 1/4 Warning LineLet's not make trading harder than it is.
All we can do is project - or read the Coffee ground.
I'll prefer to use my projections with the Medianlines, using the Fork as my main tool.
The nice part with this is, that I can relay on a proven framework with rules.
Adding some risk & money management to it and the soup is ready to enjoy.
So, I follow the same process with the ES.
I see that price got rejected at the 1/4 line of the WL (Warning Line), and that price missed it to reach the WL1, which is a HAGOPIAN. That makes me lean on the rule, that price will go farther in the opposite direction than from where price came from (U-MLH).
I outlined the scenarios with the arrows what to expect in the next weeks.
Personally I'm overall very, very bearish, and I see the move to the Centerline coming. But this is just my opinion.
NVDA - A 90% Short fall to the centerline ($100-$104) or lowerDouble top, failed breakout of the high—call it what you will.
Fact is, NVIDIA has taken a brutal hit and is now trading back inside the fork.
Hagopian—what on earth is a HAGOPIAN?
According to the Fork Framework rulebook, if the market fails to reach its next target (the next line, such as the centerline, lower median line parallel, etc.), it reverses and moves further back than where it started.
This is (not so exactly) what happened in December. Instead of reaching the centerline, the market turned, shot beyond the upper median line parallel (U-MLH), and was supposed to break above the November 21st high. It missed that target as well. And this, my friends, is....?
...again, a HAGOPIAN!
Now, it’s heading south again. But this time, we have an over 90% probability of reaching the centerline. Why? Because when the market breaks above the U-MLH and then falls back into the fork, it’s a very bearish signal.
Of course, nothing works 100%. The market could turn around today and push past the high. But statistically, we’re aiming for the centerline—and there’s an over 90% chance we’ll hit it.
When will it happen?
Sorry, my crystal ball is broken.
All I do is follow the Fork/Median Line rulebook and rely on my experience.
As for me, I’m opening a short position in NVIDIA today and may add to it on the way down to the centerline. And I play this game with Options, so no hard price level stop for me.
BTC is looking like more down, but a great buy opportunity Head and shoulders for BTC was invalidated recently leaving a short term play that looks like some more downside than up, for the very short term in any case. It looks like the green trend line was broken of late. Typically when there's a break, the price action comes back down to buffet on it for a short while before taking off agian. Let's see what happens, it looks like a great buying opportunity though. Cycles in green semi circles also pervail to there being more down than up to go. Follow and share for more.
EURUSD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURUSD next move:
The instrument tests an important psychological level 1.0426
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0357
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDNZD Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for AUDNZD below:
The price is coiling around a solid key level - 1.1074
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear High, giving a perfect indicators' convergence.
Goal - 1.1051
Safe Stop Loss - 1.1088
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
BTC CME Short Model and Long ModelNow Bitcoin is in the Premium zone, where it is better to consider short positions for a short-term movement to the Discount zone. If the Market Maker goes for equal lows, which is a good exit point, or if the Market Maker goes long, then the exact entry will be better in the Discount zone, return to where the accumulation was, and see what candles will be formed at this level.
If we look at TOTAL 1 2 3, we will see that these assets are also in the Premium zone, which can also be good support for short positions.
DXY Is Going Down! Sell!
Take a look at our analysis for DXY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 108.155.
The above observations make me that the market will inevitably achieve 107.189 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USOIL Will Fall! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 74.10.
Taking into consideration the structure & trend analysis, I believe that the market will reach 72.60 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURJPY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for EURJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 164.158.
Considering the today's price action, probabilities will be high to see a movement to 162.995.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!