Two weak candles, then strong! (X Empire)If current candle closed as a weak one (like Pinbar), we have 2 weak candles in the direction of the uptrend that is a sign of strong upward movement coming after it.
If not, price will continue downward.
Likewise, after two strong candles in the direction of a trend, we have to see a weak one. It is normal!
ARZ
Finding Ranging Market Before Happening! (X Empire)In the heart of ARZ Trading System, is a candle that we call it MC (Master Candle). Any time that we see a candle that matches following description, most likely we will have a ranging market, with specified range of oscillations:
1. Candle itself is in the direction of the trend
2. Body of the next candle is within high to low of this candle
3. In the next candle(s), price could retrace most of the MC candle
The main ranging area is the high to low of the MC candle. The exact size of this area, from high to upper is UTP (here $0.00062), and from low to lower is LTP (here $0.00011). This means price could fluctuate between these levels.
If market is going to continue the trend (here is uptrend), price should break the UTP level and continue strongly.
Target levels (X Empire)The ARZ method is based on Wyckoff. The base (range) is MC which you can see in the chart. After breaking of this range, if price moves in one direction and stayed in the momentum (Bullish or Bearish with acceptable retracements), we expect the movement to continue on.
Here we see price has achieved 3 of the targets which are: $0.00031, $0.00045, and $0.00059 . If movement continues, next 3 targets are: $0.00073, $0.00087, and $0.00101 . After reaching each one of these targets, we expect a retracement, and it can be strong, then no worry should come with it.
And again, whatever happens, I'm holding tight to $X!
XUSDT (X Empire) is rangingIn 1H, if current candle closes as a weak candle (eg. bearish/bullish Pinbar), we expect the continuation of the downward movement. Target would be $0.0001539.
Otherwise, if after this candle, we see a strong bullish candle; then upward movement will continue and the next target would be $0.0002199.
After reaching on of these two levels, we have to analyze again.
btcusdtThe falling candle that formed in the 4 hour period can be considered as a reason for further decline of bitcoins.
In the same range, I will enter the TB position with Stop Loss 44220 or 45,000 (with more risk) with a target of $ 30,000 or $ 28,800.
I am looking for another buy position in the range of 28800
If Bitcoin stabilizes above $ 45,000, we will try the buy position for the target of $ 70,000 and $ 100,000.