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BTCUSD FOLLOW THE MONEY! TLDR: If there is any chance of breaking up we must go way down first. Currently the BTCUSD pair is enjoying a band of bids on the DTF. We've completed another range, initiation, mitigation cycle and waiting for continuation. This pair has tried unsuccessfully numerous times to drop below and retest support (dashed green lines). There is a sizeable amount of asks below 40,130 combined with weak hand sell off which, if broken, will drop BTC below to retest support at 32,484. Bids located between 32,484 and 28,820 however liquidity is shallow. Likely scenario would be to wick down to 28,820 from 32,484 to retest support and grab those bids. After confirmation retest of 32,484 from wick down look for BTC to range for liquidity once traders realize bottom is in. Less risky would be to wait until above 40,000 support turned resistance. Least risk to go long would be above the 53,000 area unless trading the pullbacks, as an area of great concern is the amount of asks in the 48,000-52,000 range, (yellow bordered box), and fenced in by strong resistance. According to Vwap map and order block indicators plus several reports including one from Forbes there are tens of millions in dollars of asks above 46,000. Well over $20 mil between 48,000-52,000 alone. Located in the zone is a large order block that will make it a very turbulent range. Take note of where the order blocks are (Dotted lines. Green is good for entry, yellow indecisive and red for exiting if looking for entry and exit points.) as that indicates where the big money interest from institutions and banks is located. Narrow one placed between 38,413-37,555 but as I mentioned before, there is going to be allot of institutional interest above 50,000. Note that on HTFs order blocks are predictive to an extent, I'll update post with LTF and it will be self explanatory. Hope you find the chart informative, have a great day and trade safe. Keep your powder dry ATM...
FTX:BTCUSDShort
by John_Q_Public
4
GBP USD sell target is 1.3450Hello Bears, I can see the GBP USD is about to make the third top of the bearish correction, by reaching 1.3430 - 1.3450 support area and got some buying volume will liquidity discharge to the 1.3600 -1.3620 resistance area, going short to pounce back to the support area. as you can see a vertical line on dates 27/10/2021 and 9/11/2021 these cyclic trends will show us some trend impacts. I put a regression trend between the two dates to see where the price will go, I also highlighted the previous two tops and waiting for the price to make the third one. Target is 1.3430 - 1.3450 support area, I always prefer to put a hedge position just in case the price goes against us. Enjoy
Short
by youssefallax
GPL on buy Great Panther Mining Limited (GPL) entered the buy zone, based on the fundamental analysis I see the company start to recover from the -55% price drawdown since January 2021. I see the net income has made a great height '' 21,858 K '' this year than 2020 '' 334 K '' with +6544 % Increase. As shown on the company Income statement on Yahoo Finance the EBITDA is '' 66,737 K'' For 2021 after more than 5 years of nothing. - - - I can see that the company had reduced the free cash flow to be ''1,397 K'' than ''26,941 K'' for 2020 with a -94.8 % decrease. The total debt, this year, is '' 44,619 K '' than the 2020 year '' 60,679 K '' -26.47% decreasing percentage which is good for the company. Technically I can see volume increasing based on the volume moving average at the beginning of 2019. The price is going to reach 0.33 - 0.23 support areas, probably the 17.67% top Institutional Holders will provide liquidity at these levels, I expect the Renko trend to start changing trend in the coming weeks for the bullish trend, 1.06 - 1.16 is our target as a strong resistance.
GLong
by youssefallax
Cómo funciona EP TREND HEATMAPHola a todos, en esta ocasión explico el funcionamiento de un nuevo indicador, EP Trend Heatmap (mapa de color de tendencia). Es un indicador que muestra de forma simultánea la tendencia en varios timeframes, de forma que nos da una visión de conjunto de la situación del activo, ayudándonos a tomar decisiones con más seguridad. Se relaciona estrechamente con otro indicador, EP PRISM, que se basa en las mismas medias. EP Trend Heatmap muestra algunos patrones muy interesantes que nos ayudan a encontrar zonas de entrada en compra bastante seguras. Muy interesante el patrón "cielo despejado" que comentamos en el vídeo. Este indicador puede tomarse también como filtro adicional para las llamadas a compra del indicador EP PRISM. A pesar de que estas señales son por si mismas muy eficaces, nunca bien mal una "segunda opinión" que nos permita tomar decisiones con más seguridad. Espero que os guste!
NASDAQ:COSTEducation
by EP-Trading
GBPCAD Pin Bar On Daily Chart? GBP still strong? 47 Week High!Is that a Pin Bar on GBPCAD Daily Chart? GBP still strong? 47 Week High! Is a new 52 week high the next victim here? Some interesting Price action here now midweek across the GBP Pairs. There is still so much time left in the day to trade, However there is NO DOUBT that many traders will be eyeing the current price structure of this pair and its current appearance on the DAILY CHART which Clearly looks LIKE A PIN BAR is forming, But remember again there is still plenty of trading hours left in today for that Candle to really change its appearance by the time the day ends. Our CURRENCY HEAT MAP has called GBP strength up until now which has clearly been working for this month of February. Maybe its time for GBP to catch it breath having had such a run after the past few weeks. CAD is still MID range and the Commodity CUREENCIES have remained bullish overall for several weeks so GBPCAD may not be the optimal GBP trade at the moment unless in fact you want to be trading the RETRACEMENT as a MEAN REVERSION trade back to an obvious area of value where the bulls may come back in for another charge higher. Whichever side you decide to trade the main thing here is to remember where large POOLS of LIQUIDITY remain on the chart. On the bullish side the 47 WEEK HIGH is a clear point and we have seen a strong reaction therefore if this is to go higher the 52 WEEK HIGH is a clear and obvious location. Alternatively January 29 high @ 0.7640 if revisited will clear a lot of MONEY as the TREND LINE LONG TRADERS stops would have been cleared and the multi hour CONSOLIDATION under 0.7650 will be cleared too.
Long
by seekingpips
GBPCHF Remember This Chart? GBP Breakout Trade In MajorsWe had thought we had posted this chart yesterday again but we hadn't Anyway As per our HEAT MAP, You can see GBP has held first place for Many weeks now, & CHF along with JPY have been fighting between them as to which keeps last spot as the WEAKEST of the Majors. Our earlier PRICE Target were Met and EASILY EXCEEDED Keeping things simple we will be looking to stick in favour with the GBP strength narrative unless Price structure and our HEAT MAP tell us otherwise. Therefore we will be looking to enter on retracements back to current establish Support & new areas as they develop on the price chart.
Long
by seekingpips
BTC - D1 - SRATEGIG HEAT MAPD1 : As you can see on this daily chart I draw an heat map which gives a clear picture of a strategic positioning on BTC 1) Current situation : BTC is roughly traded in the middle of the 36600-42000 trading range which means that as long as we stay above 36600 it is OK. Scenario bullish : a clear breakout of former high at around 42'000 should trigger an upside move acceleration which will open the door for the next psychological resistance of 50'000 at least. Scenario bearish : a failure to hold above 36600 would open the door for an intermediate uncertainty trading range of roughly 2000 points (36600-34550) 2) Breakout of support of 34550 Would put BTC in critical situation facing potentially former support zone around the psychological 30000 area (former congestion support zone) 3) Breakout of psychological support of 30000 Would trigger a sharp selloff which would put the focus on 27426 (38.2% Fi ret ahead of the 23'000 area which is the 50% Fibonacci retracement (22925) of the big move starting @ 3850 towards 42000 and also Mid Bollinger Band (MBB 23357) on the weekly chart !
BITSTAMP:BTCUSD
by Ironman8848
1