$BTC faces resistance exactly where expected [$CRO, Golden R.]Nothing more satisfying than charting out FIB lines and fining the place where prices are stuck aligns exactly with the FIB golden pocket... what else is there to be said? Waiting out the results for the day of my $CRO trade; short still and holding. No more accumulation, watching $DXY and $MSTR as we go!
Gann
Dollar gains, Dollar Games [$DXY, $BTC, $CRO, $MSTR] i'm still holding my $CRO short trade, but since my last update the $DXY reversed off it's double top high's from yesterday, $MSTR has come down significantly and yet much of the market is mixed. Big moves for $BTC incoming!
$CRO price continues to stagnate as it's hitting strong resistance zone and the top of the daily distribution fann range. Check my previous update for more on that... GL out there!
$MSTR Lines of Liquidity [$CRO short in action, $DXY pump]I'm still working out how trading view recording works, and it seems the upload failed, so i'm not sure exactly what will be connected to this post, but let's see....
$MSTR opened strong today on the back of a slightly higher $BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are sandwhiched between two pre-market gaps. One from last Thu-Fri session at 300-325, which was nearly 5%, and multiple smaller ones down near 210-230. The shorter term gaps are more likely to be filled in the coming hours/days than the longer term-ones which have already failed to fill. But they'll all be filled, which means we can expect a range of at least 210-300 or 30+% moves in the coming days/weeks while we wait for summer to end and the US FED to announce it's highly anticipated rate hikes - estimated to be between 50bp and 100bp, depending on the inflation CPI numbers and other factors.
I'm active in a CRO trade, accumulating with anticipation for a move to the downside. I'm shorting through .125 - .129, with a stop loss set at .13. Looking to cover at ~.12
And I'm slowing distributing my open MSTR trade between 280-300.
The $DXY continues to pump, while $BTC remains relatively flat, which in my book indicates a divergence worthy of our close attention and a surprise up someone's sleeve. Who's playing games out there, who is it, really!?
Gann fan Analysis of BTC - Long term trend BTC COnsolidating at lower levels, Volumes favorable. To be seen if the recovery is sustainable. Might trade in the range unless FAN resistance/Support levels break supported by volume.
Need to watch Gann fan and Resistance breakout supported by Volume to enter into any positional.
For now view is Neutral to Bearish until the trend clearly turns favorable.
I am not a GANN expert, learning and applying what I have learnt to predict trend. Treat this as a learners attempt to interpret the chart using GANN tools on Tradingview
eth leaving out of ANGER wall street cheat sheet MUST WATCHeth is starting to show signs of capitulation on 4hr time frame . I love the 4hr because it can be a great tool to really see how the market is moving .. i see eth possibly coming back to 1275 area or higher before the next "big" drop
like or comment on the idea tell me what you think
ANALYSIS ON H1Projecting the next time axis 987 trading hours from the cycle high
Maintaining the golden ratio between price and time we can also project the 610.00 points from the high by scale of 10.
Currently price action is completing the first side of the 5th cycle, also the second in the next set of cycles.
Please check back for a detailed analysis where we project the price levels forward with well defined geometry.
Stay safe and good luck
NZDUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDUSD.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich