GBPAUD 8 hour Bullish Block - November 12, 2019Price has broken out of trend
Looking for a retest. Critical level .87000 shows as a favorable entry
Two blocks are lined up where this retest could occur.
Equal highs pointed above
Price may come down lower and form a double bottom
- On the daily a k-tail is shown at around .87000 from several days ago.
Block
EURCAD 4 hour Bearish Block - November 12, 2019EURCAD is setting up for a solid short at around critical level 1.46000, look to short between 1.45900 and 1.46000. Price broke equal highs, marked in pink, to set up our block on the 4 hour with a strong bearish move breaking trend. We are looking at a retest to our entry point before seeing a great move downward. Entry is also within key fib level 61.8 and 71.
EURAUD 12 hour Sell Limit Block - November 11, 2019EURAUD 12 hour block. Looking for third touch on the trendline. Block identified on 12 hour with bearish engulfing candle breaking lows. Equal highs identified where price is nearing to pass. I also identified a previous block, which adds strength in my opinion and a strong SL to protect the trade. Price may come down to bullish block or further down before heading up.
USOil Breaker Block Review - August 22, 2019USOil Breaker Block - August 22, 2019
Order Block Analysis
This is still a learning concept but I think this is another order block that became a breaker block. We see price breaking previous lows with the bearish candlestick.
Retail traders are selling here as this is at resistance, but then market makers buy in at this low price breaking previous highs taking out Stop Losses on Shorts and soaking up that liquidity.
However, there is bearish power so price breaks that order block, becoming a breaker block. At this point we put in a sell limit at the 50 % fib level of the bullish engulfing of within the block. P.S. There's more to a sniper entry when trading blocks, but this is just a brief description.
SL placed above the block, I placed it above the bearish candlestick that broke previous resistance to create a perfect 1:3 Risk to Reward with TP at previous higher low at 54.85.
LTC / BTC LONG - Binance - Litecoin Halving 05 Aug 2019 09:13Litecoin block reward is dew to reduce from 25 LTC reward to 12.5 LTC.
Litecoin has been a very well performing coin this year with some good gains.
LTC is currently is sitting is a nice buy range with the upcoming block reward halving this will push the price of LTC higher.
Could this be the last time we see Litecoin in the 0.009 range and say hello to the 0.01+ range!
** Some Litecoin Facts **
Total Litecoins in circulation: 62,933,975
Total Litecoins to ever be produced: 84,000,000
Percentage of total Litecoins mined: 74.92%
Total Litecoins left to mine: 21,066,025
Total Litecoins left to mine until next blockhalf: 66,025
Litecoin price (USD): $98.33
Market capitalization (USD): $6,188,385,869.32
Litecoins generated per day: 14,400
Litecoin inflation rate per annum: 8.71%
Litecoin inflation rate per annum at next block halving event: 4.26%
Litecoin inflation per day (USD): $1,415,972
Litecoin inflation until next blockhalf event: (USD): $6,492,331
Total blocks: 1,677,359
Blocks until mining reward is halved: 2,641
Total number of block reward halvings: 1
Approximate block generation time: 2.5 minutes
Approximate blocks generated per day: 576
Difficulty: 16,191,186
Hash rate: 455TH/s