Potential AUDJPY reversal , Harmonic Bat PatternAUDJPY is making its way up into a highly rejected price zone , as you can see its already slowed up and started rejecting now that its inside the zone of a orderblock on the daily time frame . The Price action is forming a beautiful harmonic bat pattern . For the pattern to be valid wait for price to extend into the harmonic entry zone and show signs of rejection/reversal . A bearish engulfing candle would be a great confirmation . Take profit targets will be price structure levels . TP1 should be about 28-30 pips or more , TP2 is around point A and the Fair Value Gap . TP3 is the sell side lquidity level clearing out old liqudity voids.
Institutional
GBP/USD Institutional TradingHello everyone!
I am sharing this possible next trend for the British Pound against the United States Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks marked with €), while many of them were hit (x). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss.
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations.
FX:GBPUSD
GBP/AUD Institutional TradingHello everyone!
I am sharing this possible next trend for the British Pound against the Australian Dollar.
We observe that there are many zones were liquidity has not been taken yet (at the bottom of
the wicks market with € ), while many of them were hit ( x ). This is why institution are probable to point towards that liquidity pool
in order to gain from other retailers stop losses.
Analysis were performed on the smaller timeframes as well.
Personally I am aiming for at least 3 clear entries as I reported on the charts with a very little stop loss .
Since we do not have all the tools that big institution have I advise you not to jump as soon in the trade, but wait indeed for confirmations .
FX:GBPAUD
US30 > institutional tradingAs you know, institutions do manipulate the market. We can see that many times liquidity (retail traders stop losses, sell limit etc)
was hit before continuing the normal trend.
This might be a good entry point for a short position since the market after taking the liquidity returned to its previous high to then sell off at our
entry point.
XAU/USD > intitutional tradingHello everyone!
As you know, institutions do manipulate the market. We can see that many times liquidity (retail traders stop losses, sell limit etc)
were hit before continuing the normal trend.
This might be a good entry point for a short position since the market after taking the liquidity returned to its previous high to then sell off at our
entry point.
OANDA:XAUUSD
www.colibritrader.com
FIb on the Wick - Pt 3I wish I could post a screenshot of my running trade here.
Once again I'm showing this concept here, it's been a while now I've been catching trades on gold drawing my zones and watching those big wicks, entry on 50% of the wick.
I can only say that once you backtest something and take trades practicing that same thing, you get more confident with the time.
Gold is amazing for tracing areas of demand and supply, premium and discounted prices and it always leave big wicks, then you take the opportunity to seize a good trade
EURUSD SHORT SWEPT LIQUIDITY FROM HIGHS, POTENTIAL SHORT FILLING IMBALANCES AND MITIGATING ORDER BLOCKS... RALLIED FRO YESTERDAYS LONG ON EURUSD DESCENDING CHANNEL, FOLLOWING DAILY DESCENDING CHANNEL WITH WYCKOFF DISTRIBUTION AT THE TOP OF THE CHANNEL, FOLLOWED DOWN BY TREND FOLLOWING MARKDOWN TECHNIQUE
AUDUSD4hr structure price is creating lower lows
from the previous high we had POI , so we are basically waiting for the 50-55% retest of those institutional candles which is the area 88.60 on fibs.
Sl 20 pips because price might come to the liquidity area , swep it and then coming down. There i would go for a possible stophunt. Let's see the price action as soon as NY is open
$ETH - If You Dare To Short the Dreaded "Crash After ATH"This is what that short might look like. There's a bearish order block just above the Unbalanced Gap on Jan 19 at 2100 CST at the price of 1396.05
I'm leaving quite a bit of room to be in the red because I see a possibility that it could spike throught the high once again before the fall so I added an extra $10 to the high. But I've been saying it for two days that it would fall a little after the high, retrace about 80% amd then fall again. And the 80% just happened to the perfect moment to make the short. That's the MO we've been seeing in all the other crypto's.
I have marked out 4 take profit zones as I feel those are potential areas it could reach and possibly turn around and go back up with reaching the full 100% of the short trade that I'm calling for.
I still think 1145-1133 is an area to where it will spike really hard and turn around and go back the other way just because of the level of liquidity near 1150 and the bullish order block around 1133. The fact that the 150% Extension of this trade is right at the level that I've been calling to watch for it to go into liquidity and return bullish is what makes me believe this is very possible. Confluence is King. You can see my entire markings of the chart if you just move it around and you can find those areas I'm looking for. I believe it is overall bullish but it is in that area to where it wants to scare people with a fall so they will sell and so the institutions will buy back at a lower price.
My short Idea is more geared towards those playing the Futures or Contracts for Difference markets. And not the people that have a staking or equity account where your ethereum holds value. Don't touch those accounts. Don't try to sell where I say and try to buy back up where I say, that is not how this works. Again, the Idea is for those playing Futures or CFD's. If you don't know what either are, it's just best to ignore this idea :)
Just my two cents, at the same time we see ETH start to decline and have that scare, watch Bitcoin, I'm almost positive it will be on the rise. So if you're a trader, you might be in luck to also get a short out of ETH/BTC.
Good Luck and Happy Trading.
Tedzily aka Bodies X Wix
KRAKEN:ETHUSD
Gold longwe can clearly see gold is still very bearish so i expect price to drop to 1800 institutional level and then i would be interested to see how price react before i go for a long drop a comment if you agree
Bitcoin Mid- to Long-term analysis + Short-term bearish swing.Bitcoin ( BITSTAMP:BTCUSD ) has been one of the trickiest assets to forecast, until institutions hopped on, and now it's THE trickiest asset to forecast. So I will give my take on it and the factors I'm considering for my mid to long term analysis. I also give a short-term forecast. But since that can change very quickly, keep following this idea for updates.
I would like to thank my followers. In less than a month, I went from 4 to 50 followers, and I hope I can provide you quality analysis and discussions. Thanks to all of you.
First I will point out that I am bullish on Bitcoin long-term. I believe it can easily touch $200k during this year. I am, however, expecting a correction of about 50% to 60% from the all-time-high in the short-term. Just the usual Bitcoin behaviour, nothing big. The chart shows a possible scenario that looks neat on my chart. Bitcoin, however, has its own way of looking neat. The path I drew is too long to be accurate, so don't take it as a strict guide, but rather to help you identify points of support and reversal. Now let's get to the analysis.
One new factor that was absent from the Bitcoin space is institutions, government and regulatory bodies that have recently joined in on the action. Paypal, Square and others are buying big amounts of Bitcoin. The SEC just started prosecuting Ripple, finally! And Tether keeps creating virtual currency, perhaps trying to compete with the Federal Reserve. Anyway, let's dive into each of these:
Paypal:
Paypal started selling Bitcoin in Oct 2020 to customers in the US. And they are planning to expand internationally soon.
Paypal does not allow withdrawal of Bitcoin from their system. You can only buy, keep it there, and sell.
Paypal will keep buying Bitcoin as long as they are anticipating demand from their customers. Similarly, they will sell their Bitcoin when customers are selling. They are not interested in taking a position in Bitcoin, neither short nor long.
Paypal have to buy and sell over the counter (OTC), and probably in large chunks. That activity does not reflect on the open markets except after a delay. That is called delayed price discovery. Suppose that Paypal bought a large chunk. Then, open markets would suddenly discover after a while that that large chunk of Bitcoin has been removed from circulation. This leads to a sudden spike in price. Likewise, when Paypal sells, some while later, a big sudden plunge occurs. That is how delayed price discovery causes volatility.
This demand from customers can be hard to anticipate and can go out of control, especially after Paypal expands its Bitcoin offering internationally. This mean that Paypal will find themselves forced to take a position in Bitcoin. They will have to bet on one direction or the other. Paypal would certainly not like volatility in their balance sheets.
They could choose to suspend the service at any time which will create more volatility.
They could choose to convert customers' balances from bitcoins to USD at any time and either keep the bitcoin for themselves or sell all of it, creating a huge move in the market, depending on their decision. Keeping it might not necessarily mean it goes up.
In short: Paypal will create volatility in Bitcoin , as if that's what we've been missing!
Regulation:
Almost all Bitcoin gateways are asking for KYC, even individual sellers do, and they even proof of ownership of the Bitcoin wallet. Coinbase already blew any hope of protecting your privacy. They would simply give away information to government whenever requested. It's becoming harder and harder to keep your ownership of Bitcoin private.
Paypal not allowing Bitcoin withdrawals is also regulation, and I suspect that it either stems out of Paypal trying to adhere to existing government policy or it is a smart move by Paypal to attract government cooperation and support. The reason I say this is.. imagine this: People can now buy Bitcoin. They can fulfil their curiosity, their investment desires, but at the same time, they cannot withdraw Bitcoins out of the Paypal system. This means that control is in the hands of Paypal. The government would love that. Everything is monitored. No more threats of money laundering, black market trades or siphoning funds to unwanted parties.
All of this will keep Bitcoin long-time hodlers to keep hodling. The increase of regulation and the restriction of freedom simply creates incentives for hodling and buying, not selling.
In short: Regulation adds value and demand to Bitcoin, not the opposite.
Tether:
Tether have always been under suspicion of minting more of their virtual currency without real USD cover. They were subpoenaed before and they are always in danger of an SEC crackdown.
If an SEC crackdown or any kind of government legal action does occur, the value of Tether currency will fall to the ground. Why? Because people will be selling. And how do you sell Tether? There is no other way except buying Bitcoin or some altcoin with your Tether, which means that all the market cap of Tether will move towards the crypto market, and mostly to Bitcoin of course.
In short: Tether crashing will cause a huge rise in the price of Bitcoin, not a crash.
Summary of Fundamental Analysis:
Bitcoin will remain volatile even after adoption by institutions.
Bitcoin is long-term going up, not down.
The Short-term Bearish Swing:
I expect Bitcoin to retest the Dec 2017 high of around $20k. The sooner it happens the better, because we won't need to worry about it afterwards.
I've drawn a path that delineates one point of resistance and three points of support. I drew it a few hours ago when Bitcoin was still at $34870. So far, it has gone up following my path. I know that doesn't count, but if the rest of the path doesn't work, then I hope I can get credit for the first few hours of it XD. Keep watching my updates on this idea as I adjust my short-term view as Bitcoin proves me wrong short-term. And let's hope in the next few hours, it does respect my resistance point.
What I'm sure of is that Bitcoin will be volatile, there will be many false breakouts and bull traps, and that $20k is not too low for it to hit in the coming month.
What you should do in this case is buy the dips and hold. There are two methods of setting up orders on expected points of support. Say we have three points of support where we expect to catch a dip. The first method is equal division, i.e. to divide the capital you are willing to invest into three equal portions, and buy with each portion as price hits your dip target. The second method, which I favor, is bigger orders as you go lower. This way, you don't miss a buy if it turns out that a higher support was the reversal point, and at the same time, if it does reach your expected bottom, then your average buying price is affected the most by the bottommost buy lowering it more than when using the first method.
Summary: Dollar-cost-average, Hodl, and stay safe :)
EURUSD ShortLooking at a potential 1:55 short on EURUSD, my bias is relevant to DXY. Expecting retracement on Monday to clear up Thursday/Friday liquidity. My POI is based off of a BTS that needs mitigating, as it has taken out EQH's and left and IMB after it which is all signs of Smart Money.
The market has left some EQH's to be taken out on the way to the POI, with IMB's on price above it also. Giving me extra conformation that we will see the market expand upwards.
I will be risking 1% on on the entry given, but also 1% on LTF entry.
EURUSD Short 2:1 RRThe Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money attempting to use sell stops at or below 1.2121 from any longs to try and flick the domino and send price back down to 1.2029 where the December move began. Expect for 1.2012 to be choppy if it drops to that price.