It's weekend and we are all looking forward to what might happen next week. Here's what I can deduce from the chart. Break of external market structure higher high, price proceeds to 50k region and reacts to the OB therefore causing a sudden drop in price. I have marked out a (not really outstanding/obvious) higher low on the chart, that price broke through...
It's been a while I dropped something for my audience here. I have been up to a lot of tasks which made my schedule very tight and energy draining. I am still with you all so lease don't feel abandoned. On the 1h timeframe, EURUSD has been in a health uptrend since 21st August and price has breaking major resistance zones making HHs and HLs. I used a trendline as...
I am currently looking at BTC after the huge dump that happened in the market which also affected other alts. As you can see I have identified some key areas in the market and I am pretty sure you can spot the divergence there on the 4 hour timeframe. It broke the 50 level on the support of the RSI and headed to the oversold region for the next support.
Hello guys, it's been a while I actually gave updates. I have been busy lately but I decided to drop one today. Please bare with me as I have alot of things to tidy up. I promise to resume giving constant updates soon. I actually did a top down analysis on BTC stating most confluences I have seen on chart using just pure price action. So follow the thread cause it...
Before I lay emphasis on this recent analysis, review my previous analysis that played out well. Link to analysis On the 30 minutes TF, after BTC must have reached its ATM at the 34k region, it proceeded to dump which was influenced by a double top after the retest of the neckline. The 33k marked zone wasn't strong enough to hold it but it later got rejected...
Sometime ago, I posted my analysis on EURUSD that EURUSD has a big potential to be bearish long term. Please review the post with the link below before proceeding to read this analysis. LINK TO ANALYSIS On the 4 hour timeframe, have you seen the bearish confirmation pattern (an ascending wedge) and its potential directions? Can you relate this with the first...