Alldynpipking
XRPUSD Trade ideaA little late publishing this call from my own personal strategy but wanted to share the reasoning and thought behind it. We can see from the bottom AOI (4H) that price has steadily moved upward following key Fib levels as associated price action moves. What I found interesting is the level at the top that is also a Key AOI (4H) that is lined up with Phi (1.618).
For me, this is almost a 4:1 RR.
BTCUSD Price Forecasting Model Daily PerspectiveYou can see here at the daily level that the can clearly see associated price action respond to the individual Fibonacci Retracement Levels and Fibonacci Extension Levels. We can see that price did break out of the trading range of March's 'Trigger Boundaries'. We can see that we have 'price expectation' areas to help in our individual trading plan and investing goals. I know that the majority of the cryptocurrency space follows the leader, which is 'BTCUSD'.
I am not a financial advisor, the information that I post here is purely for educational purposes and how I see the market to meet my trading and investment portfolio.
BTCUSD Price Forecast ModelUsing only the Month of March's 'Trading Range' I am "projecting" what could be future price action levels. The month of March's 'Trading Range' Upper and Lower extremes are my 'trigger points'. If associated price action drops above or below these areas, I would want to see associated price action come back and 'test' these price levels and push on the direction they were traveling before the correction. This is on the Monthly, I will post Daily levels shortly.
ETHUSD pushed to Supply ZoneJust a quick update on ETHUSD. You can see from the previous analysis that associated price action pushed all the way to the supply zone and is at a critical decision stage. If price can push through this area (red arrow) and then breakthrough and retest we can see further price levels at previous highs. If the price can't break through the demand zone below is the area that we can expect the price to fall to and even beyond that if bearish overall momentum picks back up steam.
*Note - I suggest we wait until we see what PRICE will do and not just hit the hot button. Capital preservation is key. I am not a financial advisor and I can't tell you what to do with your money, but if it were me risking my capital, I would want to be like the Remora that swim under the SHARKS and eat when they eat in the direction that they eat in. Just my two cents.
GBPJPY ExpectionLooking to use the 5 AM candle as the "inside bar" candle to look for trade ideas. The overall expectation is Bullish, but I do expect a correction so ideally, I would like to see price wick off the 152.125 price area down to the bottom of the 5 AM candle and then shoot up to the green path. If not, prepared as well to take the red path if bullish momentum is no longer dominant. Looking for TPO before any of this happens.
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.
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.