BTC weekend update the market is predictableGood morning traders and a happy weekend to you all!
Today I will just to a small update recapping on the posts through the week.
What did I say-stacked orders from retail traders are easy to see.
What happened? stops were swept and then orders were protected.
The market is fractal in nature and retail trader psychology is predictable, start looking past the basic support and resistance and you will find a greater depth of understanding in the markets.
As always trade Safe
EnvisionEJ
Funded-trader
ETH at a PIVOTAL levelGood morning traders!
Eth has arrived at a pivotal level, this was mentioned earlier in the week.
The range continues to build, this means orders continue to build. What comes after a build up of retail orders?
A sweep OR impulsive move, whales KNOW where retail traders stack stops, they target these areas as easy money, where the orders are stacked the money will move.
I'm Not 100% confident that this will be the move to sweep the orders just yet. But I am happy to be wrong, and get involved accordingly. If we do get the sweep here, look to target the above area marked as never tested.
A always trade safe.
EnvisionEJ
BTC-Building orders before the next moveGood Morning traders!
Today we will have a quick look at the BTC chart. Everything is based off of the BTC PA. Alts may move for a short while breaking the coloration to BTC, but they always revert to the mean-following BTC.
BTC continues to build orders much like ETH, I can see a deep pullback on the cards into the green area before the bullish run continues.
Retail traders will stack stops in obvious places and whales and institutions will see this, this provides an area for this market movers to target.
As always trade safe.
EnvisionEJ
Will the bullish run will continue on ETH?Good Morning traders!
Sorry I have been absent for a couple of days I have been unwell (not Corona)
Right after my last forecast the entire crypto market had a decent pullback.
While I was calling a move higher its not unexpected and price returned to spot that makes sense.
Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos.
Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them.
The 3 current scenarios are a continued move higher to test the yellow mark before falling away again.
An even deeper pullback to sweep the yellow circle before continuing higher.
Or straight push through the highs.
Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!!
As always trade safe,
EnvisionEJ
ETH targeting ATH this weekGood morning traders!
Welcome to a new week!
As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level.
You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally.
I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback.
As always trade safe
EnvisionEJ
Large EU bullish do we continue?Good morning traders!
Yesterday was a great trading day, with many members in the community banking great % from the trades that were on offer!
Shifting focus to the session today we are in a clear buying range, a sweep of the lows into discount would offer an excellent place to enter long.
Alternatively a nice 5minute selling range would offer us the chance to enter short and "fill" the range yesterday before a long.
As always trade safe
EnvisionEJ.
ETH-All eyes on all time highsGood Morning traders.
Todays chart will be basic in nature at the narrative can be easily shown.
If you have been following my forecasts you would have seen that I was calling for an impulsive move as we stacked orders and any pullback from the high would only be short term before a push higher.
We didn't even get a pullback, it was just a push higher. The whales ate the the short liquidity.
The next target is the ATH, this rally has been explosive so a pullback is always possible but with this momentum I can see the ATH being taken in the next 7 days (depending on how BTC reacts)
As always trade safe.
EnvisionEJ
EU bullish through the Asian SessionGood Morning traders!
Yesterday was a slightly choppier trading day, with a UK bank holiday. However things picked up later in the day once NY opened.
Looking at todays PA was have had great bullish momentum in the Asian session.
We are in both a 15min and 1hr buying range. However orders haven't been protected for this momentum to continue. A deeper pullback to the Asian lows and into the discount section of the buying ranges would offer and excellent place to get long with great RR before the high.
I have also marked a range above, this was never mitigated and should we push through the high would offer a logical spot to enter shot/TP
As always trade safe
EnvisionEJ
ETH stacked orders are food for whales!Good morning traders!
Yesterday was a choppy day for me in the FX markets and ETH continues to develop.
I have zoomed in the PA to give you a better look. The yellow markers are highs and lows stacked together.
To the average retail investor these show where price has turned and therefore and good spot to place a stoploss.
However to the big whales they see liquidity, plain and simple, places to fill orders either selling or buying.
The longer the orders stack the bigger the move will be....
As Always trade safe
EnvisionEJ
A fresh week and fresh PAGood morning traders!
Hope your weekend was good and your weekend reviews gave you insight into your trading last week.
Looking at todays PA I still think we need to wait for further development.
The large bullish move Friday left lots of imbalance behind and many unprotected orders.
On the Daily TF we have now broken the downtrend and have moved to a daily buy range, this signifies a return to bullish momentum in the market.
I will be waiting for further development before entering any trades.
As always Trade safe
EnvisionEJ.
Explosive ETH move incoming?Good morning traders and welcome to a new week!
ETH continues to follow the forecasts I outlined last week. We are deep in the daily range that was never mitigated and we can see orders being stacked in both directions.
This only means 1 thing, a strong move is coming, stacked orders mean liquidity for whales to move orders, moving big orders makes big market moves.
I am still expecting a pullback in this overheated move up before the market continues higher, however with this much liquidity stacked anything is possible.
As always trade safe
EnvisionEJ
Another week nearly done~Good Morning traders!
Another week draws to a close!
Yesterday was a stellar day in the markets for myself and other traders in our community!
Looking towards todays PA, we can see the rejection from the daily range present (its still marked, because its still valid)
Currently we have built bullish momentum through the Asian session. We new a bullish move was coming thanks to the LQ for higher prices marked. We have both a 1hr and 15min buy range pushing prices higher, I am expecting a retracement from this high, before pushing through later in the session before again selling off. This will provide many opportunities in the market (as we get most days)
As always trade safe, EnvisionEJ
Potential ETH Bearish move underwayGood morning traders!
Yesterday we had a reasonable selloff, this was spoken about in my prior forecast.
I expect this momentum to continue for a few more days before we again pop higher (also as forecasted yesterday)
The market never moves in a straight-line and pullbacks and shakeouts provide more liquidity for larger moves.
Orders continue to be built in the current area and an explosive move could be on the cards soon.
As always trade safe, EnvisionEJ
Short Term BUY on US30US30 is moving beautifully with Elliot Wave Theory so far this week. Here we see a correction after the W3 impulse then bottoming out to complete the W4 structure. Now we're starting to form a really nice sub wave within the last impulse wave on the higher time frame(W5). The sub wave (1) shot up then came down to create sub wave (2), which rejected the 61.8% fib level to the T. What we can expect now is another impulse wave upwards to simultaneously complete the Short Term Wave Count and the Longer Term Wave Count. A safe place to take profit would be the sub wave (3), which I've marked "35710".
Another amazing day of opportunity Good morning traders!
Yesterday was another action packed day in the markets with traders in our community taking full advantage of the opportunities available.
Today will be no different: We are still in the daily selling range.
Looking at the current PA we have pulled back right to the midpoint of the daily range which was never mitigated. We have created EQH in the low volume hours and a slowly working our way down. A sweep of the lows before pushing higher would act as the perfect catalyst for shorts.
As always trade safe.
EnvisionEJ
ETH pullback before new ATH?Good morning traders,
Todays Crypto forecast is for ETH.
Currently we are in a STRONG move up, this momentum will be sucking in new traders and new money each day.
What does this mean? Looking at the current PA we can see a pullback is due and we are right in the target zone of a daily range which has yet to be mitigated.
Currently I am expecting a pullback to the marks range before targeting the highs. Overall the momentum is certainly bullish but in the short term I expect a pullback, BTD because this could be the last chance for SUB 10k ETH...
As always trade safe EnvisionEJ
Could the bearish daily trend be about to continue?Good morning traders!
I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved.
EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago.
Looking at the lower TF we are in a 1hr sell range and 4hr buying range.
Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities.
Whatever does happen I will remain Neutral and trade the market in the moment.
As always, trade safe EnvisionEJ
BTC Decelerating into an unmitigated area.Good morning traders!
The BTC forecast remains the same as yesterday-are we reaching the top of the current run up?
Currently the signs are pointing to yes, we are decelerating into the back edge of the daily sell range.
Do I expect a deep pullback-define deep? A pullback to the area marked with the yellow circle would mark be a pullback to discount on the weekly along with a retest of a strong range which was never mitigated.
I do expect bullish momentum to continue after a pullback, again pushing for ATH.
As always trade safe.
EnvisionEJ
Will the bullish momentum continue?Good morning traders!
Eu continues to creep higher on the 1hr, even though we are still in a daily sell range. Looking ahead I see a logical spot for price to push too before resuming the downwards momentum.
Drilling down to the lower timeframes we could get a lovely long trade with a sweep of the lows into demand and under the 1hr equilibrium.
As always even though I will be looking for longs I will remain neutral and trade shorts as they come (a possible sweep of the highs)
Trade safe, EnvisionEJ
Crypto continues to climbGood morning traders!
Todays forecast is very similar to yesterday.
As we push closer to the edge money at the top of the daily range I expect a pullback, this pullback should be the catalyst for our next leg higher targeting the ATH we are also right around the psychological level of 50k. This is significant because media outlets will post about it, this could bring an influx of new buyers or easy fodder for whales.
As always trade safe, Envision EJ