bourantrading

bourantrading

During the beginning of the descent many rightfully called BTC forming a double top when divided by m2 money supply ... since then ive barely heard it being mentioned so i wanted to check it out and found out this chart actually tells a good story. Most major reactions have occurred based on significant highs or lows being swept ( symbolized by the $$$ ) and...

bourantrading

The overall state of the economy is in tatters, with US inflation reaching 8.5% and an unequipped Federal Reserve unable to stop its wrath, things are not looking good! In recent days the crypto market has faced downpours of over 15% along with the SPY and Nasdaq both suffering downpours of around 8%, things are scary in the street, and yet I remain here in the...

bourantrading

Currently the dxy has been going on a crazy run , especially over the last two weeks with the announcement of and speculation of war within Europe ! The DXY is something you must not under estimate, especially in times like these, however i believe the dollar will not withstand this conflict and will finally face a downtrend. Ive used 3 different schools of...

bourantrading

BTC current Price Action is starting to appear increasingly similar to the PA we saw throughout the bearish period of Summer 2021 ! Color coded are the similarities i found and they are relatively indifference bar from the yellow markings failing to make a real attempt at recovery. The PA were currently having has the same tone to the summer where dumps were...

bourantrading Updated 

The DXY has recently had a good few weeks with a massive incline through November however the run has started to taper off with a Bearish Rounded top pattern being formed in early December and a strong resistance zone being met. This implies further downfall for the DXY index throughout the winter months following through into q1 of 2022 which aligns for a...

bourantrading

The areas marked are the zones whales hunt within ... they seek liquidity in these zones and don't like remaining within them for very long ! While they appear in likeness to FVG , they are fairly different . These zones act like walls , on either side lay lots of buy and sell orders which remain in place. These zones are where whales buy/sell and if you...

bourantrading

In my initial write up i had mistakenly used the wrong settings to find volume , this has caused the resistance zone to be misplaced in the original. It has since been updated in this chart and BTC should continue to avoid this remaining in this supply zone for some time. While im still uncertain of how far this BTC correction will play out for i do believe we...

bourantrading

Previously in this run i formulated a theory that visualized the eating away of supply that ultimately led to a large breakout needed for a bull run... it came with a few precise rules that needed to be met before a breakout could be called however now we have proven it works with the latest run up i can safely plan out my next idea ! I believe we could see...