So the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume . Daily Bullish Block looks to be in play heading into next week. Suffice to say I will confirm the completion of block on Monday and trade accordingly.
So the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume
So the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume. Overall trend is short but because of the bullish block a may be a little more cautious before trading. A+ setups only
So the indicator created, which is in Beta, essentially detects trading blocks that act as areas of buying or selling with considerable amounts of accumulated volume
My outlook on BTCUSD remains bullish; there should be some consolidation and if Bitcoin can hold the 16100 level and start making higher lows, then all indications point to a new break f previous highs.
It would seem that Gold is close to an area of previous volume accumulation and might look to consolidate and move back up or break further down, I am of the view that it is over-extended to the downside but i have been proven wrong before. Right now I am sitting tight and waiting for further developments on which side will reveal their hand.
Upon further inspection of BTCUSD I realised that it has a tendency to wick out on the 4 hour time-frame and when it does it settles to consolidate above the zone before dropping into the zone to move higher or consolidates in the zone; now one must use their sense of judgement to determine if the wick was a stop hunt/washout long or buying pressure. A washout...
BTCUSD still prime for a move to the downside with room to retest prior levels, at 13000 and possibly below to 12700.
Nas100 still bearish but waiting on retracement to around the 1333 level, this would be the place to look for weakness in the retracement. Do not be caught by fomo, all indications point towards bearish territory.
NAS100 still looking to short if it does not violate previous rectangle by closing higher and at break of the trendline.
BITSTAMP:BTCUSD BTC Looking bullish but be mindful of Daily exhaustion on the Japanese candlesticks. I would look for retracement at around 12500 to 12000 for longterm upside.
I am super neutral on this one ,If it is able to breakout then i am expecting some resistance, i would prefer a break down for more movement.
To the close of the year, EURGBP looking bearish. if it does break to the upside it will be a false break. All indication point to a short