ZacharyHogan

ZacharyHogan

We can observe on the January 14 daily candlestick (which was also the start of a new weekly candlestick) a classic bullish engulfing pattern. Price is currently flagging and we could expect one more push up towards 3880-3900 before seeing the anticipated move towards the 3500 half quarter - to then see the next reaction of price. Depending on which side you...

ZacharyHogan

Hi Trading Team! I'm glad to share todays update analysis on Bitcoin with you. We're going to focus on the H4 time frame because it really allows us to see how much consolidation occured prior to this most recent bearish shift happening. Now that we have started the momentum shift and effectively broken out of the bear flag, it seems more likely now to expect...

ZacharyHogan

This is an update on Thursday January 10th's BTCUSD analysis Price is currently consolidating (accumulating interest & orders) underneath the 3750 quarter level. Remember, after a large move its typically expected the market will take some time to breathe! Intraday data is showing lower highs, still expecting a possible "pop" in price to break the new structure...

ZacharyHogan

Following similar expectations as BTC and XRP, after Tuesdays Technical Analyst stream we observed the break out of ETH today and are now expecting a continuation move down to 120 before any sort of retracement. Overall my sentiment is still bearish on this

ZacharyHogan

Ripple has broken out of the wedge we analyzed on Tuesdays Technical Analysis livestream by capturing liquidity at the 0.4 major quarter and then aggressively shifting down below 0.35 As of right now, we are on track to continue moving down towards 0.325 (the next quarter level) based on the price action and how the intraday candles are looking. We can expect...

ZacharyHogan

Bitcoin has shifted aggressively away from the recent highs and has successfully traded to the 3750 quarter level. I would anticipate we see BTCUSD continue to drop towards the 3600-3640 area to consolidate (build structure) and then pull back to the 3800 area prior to making it's next move to the yearly lows near 3200. This is a continued analysis from past...

ZacharyHogan

My Bitcoin Price Target for EOY 2018 = 4750 Lots of retail traders BOUGHT when price was consolidating at the 6,000 area at the key and obvious level of "support" Once price broke down and people started to see -10%... -20%... -40%+ losses on their portfolio, now we have reached an area where so many retail traders are in the mindset of "I have LOST this much...

ZacharyHogan

Looking for sells on GBPUSD via limit order at 1.31250 / 1.31350 with a 30-35 pip stop loss! Targeting 1.29600 for a 4.5 reward to risk ratio trade idea and I would expect this trade to be completed by early next week We have the Federal Funds rate occur on Thursday November 8 which could cause bullish movement on the DXY (XXX/USD pairs go down) and there are...

ZacharyHogan Updated 

Bitcoin vs USDT has been trading at a premium of $200-$300 compared to non-tethered purchases through alternative exchanges such as Coinbase for more than 72 hours now, as traders continue to wait in uncertainty. While there still seems to be a fair amount of volume happening, the market is signalling a possibility for further downside movement before the month...

ZacharyHogan

As discussed on the October 18 IML TV Stream, the market is currently signalling further potential for downside movement. There are many factors influencing this such as investors who are still holding onto reduced profits who got in the market early 2017, traders who are in drawdown from investing at the beginning months of 2018 and also a massive amount of...

ZacharyHogan

Traders! It has been quite some time since I posted a public analysis, but that does not mean that we've stopped looking at the Crypto Markets! Given the start of a new month, I thought this would be a good time to provide a brief update on what I am anticipating in Ethereum world! When we take our Fibonacci and draw it from the low consolidation zone (sub...

ZacharyHogan

Looking for price action to confirm sell entry at 1.308 area. Wednesday Sept 5 we have high impact news at 8:30 EST followed by the CAD Interest Rate Decision at 10:00 Could see a gap fill considering we are in an obvious uptrend for the past 7 days, there would be confluence near a supply zone (resistance) during New York Session in the middle of the week......

ZacharyHogan Updated 

Price Synopsis GBPUSD has been in a downtrend since august 17th after confirming the double top with several bearish moves. The entirety of the first wave down consisted of FIVE consecutive red days, with one day of "relief" followed by another five days of bearish activity. After the double top / "M" pattern was confirmed, over this 11 day window price had...

ZacharyHogan Updated 

Due to volatility of this asset, stop loss will be adjusted as the trade progresses. Shorting USDTRY down to lower levels of structure given the large bearish weekly candle we have to work with and the expectation that this will continue correcting down towards the 5.25000 level. Short entry at 5.97030 Trading involves risk, do not risk more than you can...

ZacharyHogan

EURUSD is in a fairly obvious downtrend which is why to start off the week I am looking to see a slight movement up towards the 1.145 - 1.147 area at which point I will be identifying if a sell scenario is confirmed to go short for the week down towards 1.13. There is a large amount of market structure at the 1.135 area so we could just see a continuation of the...

ZacharyHogan

USDJPY Indicating further downside movement to come. Considering a possible SUN/MON 'pop' up to 111 - 111.2 where I will be looking to sell with a maximum of 35 pip stop loss Minimum of 3:1 Reward to Risk with targets between 110 and 109 :) I am not (yet) a licensed financial adviser and this analysis does not constitute as financial advice. This is for...

ZacharyHogan

This week has been incredibly volatile for Cryptocurrency and has continued to be BEARISH overall. The possibility of seeing XRPUSD hit 30 cents was completed today The possibility of seeing ETHUSD hit 300 is nearly there When you look at the strength and momentum of downside movement on those two assets, you can clearly see they are moving differently than BTC...

ZacharyHogan

With Bitcoin current trading below the half quarter of 7500 and with the amount of supply / wicks on the candles we can see... it leads me to believe we may start the new weekly candlestick of July 23 with a BEARISH movement. As of right now, I am targeting 7200-7100 and will be anticipating shorts on ETHUSD and XRPUSD as well. The profit taking could occur across...