ETH, XRP, BTC ---> USD based pairings.You can see that we are back to that previous 4H zone and the price is having a hard time breaching that level (200 MA) is right above. If there isn't sufficient to change the momentum, my previous bearish bias still stands. The green path is what is least expected, the red path is what is (overall) expected. The bottom Zone edge or Baseline of that zone are expected TP ranges. What we have seen is just corrections against the prevailing trend. Remember, impulse waves are narrow and thin (go somewhere, make progress) and corrective movements are wide and fat.
Alldyn
BTC Futures, Gold Futures, Dollar FuturesI like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily 50 and Daily 200) and trading bearishly within a Demand Zone. We see Gold now above the Daily 50/200 trading bullishly.
The Dollar and the Forex Dollar (DXY) seem to be in alignment with the bullish sentiment but is it going to be a "real" bull run or are we seeing short-term optimism waiting for the other shoe to drop based on US financial policy decisions?
EURUSD Markup for potential trading opportunities.This is a chart I trade off for EU and there are some interesting things happening where MS levels have been made that coincide with key Fib levels. If you look at the lower TF you can see some interesting Key Fib levels at the weekly and daily level as well that coincide with what the market is doing at this level. History goes all the way back to the early 70s through present time.
BTCUSD approaching strong resistance area (200 DMA)Just like with ETHUSD, BTCUSD is approaching a decision area. Will there be enough momentum to push through creating HH HL or will the market RBD? More evidence from the daily and weekly perspectives shows that the bearish momentum is stronger. Divergence is being seen between the price action chart and the oscillator.
ETHUSD from the Daily Cloud PerspectiveFrom the Daily cloud view, we can see that the associated price action is at an indecision area. The Kijun Sen is starting to point down, Cloud Span A is pointing down along with Cloud Span B and the Kumo is red as a result. Seeing divergence between the Cloud price action and the oscillator.
Going up to the weekly you can see that the market is bearish below both the Tenken Sen and Kijun Sen lines and we have a bullish flat horizontal Kumo.
FxAST applied to ETHUSDJust to expand on the previous chart. I have applied the FxAST trading system to this and we can see that we are approaching an area with strong resistance (black line inside of supply zone). This is a confluence area that associated price action must breakthrough. The below oscillator isn't as strong as I would like to see but we still have some time before the market gets to this area if it at all.