Liquiditypool
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com
All these talks about BTC being the safe asset during the economic turmoil and Financial crisis...
It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine?
Let's take a quick look at what happened during the weekend.
The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure.
In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k).
Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders.
Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k.
Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come.
Proceed with caution and focus on the HTF when the volatility is high.
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USOILGetting ready for the 2nd rally to the upside, join me..
As always.... PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURNZD ShortWe've been heading to mitigate out to the downside for the last 3 weeks. I've been holding a buy back up to the mitigation levels in anticiaption of a drop to the 63800 price points where another mitigation play needs to take place.
As always.... PATIENCE - CONFIRMATION - ENTRY - PROFIT
XAUUSD - GOLDI'm in for the first potential retracement move to the downside before I look for entries back to the upside but would prefer the higher entry. We can only trade whats in front of us however, game of educated probabilities....
GBPNZD #ReasonsWhyTradersAreHatedI still genuinly beleive there will be a UK market crash this year or early 2021 due to brexit, the chart set ups and other economical data give me the confidence of this happening.
We will just have to wait and see how this plays out after the UK officially exit teh European Union at 11pm tonight but I am ready to capitalise on this misfortune #ReasonsWhyTradersAreHated
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
GBPAUDIf we can hike to the 1.93300 price level to fill imbalance and mitigate out of the open order, I would be looking to swing this pair right down to the 1.80600 levels sweeping liquidity and filling imbalances.
As always.... PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURGBPWe've had the weekly distribution schematic happening perfectly so far, now marking this up again I'll like to see the 2nd LPSY be made for our 1000 pip entry move to the downside which adds confluence of our GBP based pairs heading to the upside long term heading into the first few months of 2020. From that point on I expect EUR to then start to rise begging a bullish rally to the upside as I expect GBP based pairs to severly weaken heading into the end of 2020 as a markek crash is expected.
#WyckoffSchematics
GBPJPYSimilar to the GA trade I posted yesterday, we've already hit 1 entry point on the D1 50% but I am looking to get a higher entry at 144.000 to mitigate out of the H4 open order for a big swing to the downside
EURNZDLow risk high reward trades with the understanding of smart money. patience and discipline will take you far in this crazy game of forex.
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
BTC- New trend in the development...? (sentiment, liquidity)BTC is off to the good start this year! Can it last though?
I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal.
It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to bursted through two resistance lvls in the process. Both are good indicators of potential trend reversal.
This price move will be more convincing If the price can manage to close the daily above 8.2k to 8.3k
On the fundamental side, Iran news and all-time high hashrate might have something to do with this price spike or it might be the pure technical move.
It is still too early to rule out the possibility of liquidity raid even though I suspect most of the shorts at this lvl have been taken out already during last year's Oct price spike.
Quick glance at the latest COT report about CME futures indicates that institutional players are still overwhelmingly net short, which indicates the ongoing distribution process.
I am waiting for the Bitmex funding rate's green bar to go higher, which could signal the potential bullish sentiment.
Backwardation suggests that investors still believe that BTC price will keep going down. Again, bummer here.
That being said, it is worth noting that all these sentiment indicators are lagging so it is better to check them again next week if the price momentum continues.
I will pay attention to the open interest and volatility and be wary of any big orders in the orderbook in the upcoming days.
IF BTC can manage to attack 8.8k to 9.2k and consolidate around that price range, then the bull reversal might be on the horizon. If the price stalls around 8k, it could be a good time to buy on the pullback.
Oh! Iran just fired missiles to US bases! If you buy into the notion that BTC is the digital gold and is uncorrelated to the stock market (we could use more evidence on the correlation), then that is one more reason to be bullish on BTC.
EurUsd Short 1/6/20EU is not my favorite pair to trade but i see a long for sure, seeing a trend and finding balance before seeking liquidity to the downside
Audjpy Short then Long 1/2/20Haven't charted in so long, analysis may be a bit rusty. Gonna mix it up this year. but i think price will hit these demand zones before going to the 76 level
AudChf Short then Long 1/6/20Got some liquidity to the upside as price is approaching a daily demand zone. identified core. I still see more room for downside where price will break through demand zone
GBPCADWe've caught the sell back down to fill the imbalance, now gearing up for another 600 pip bullish rally.
I will hold my sells as I wanted GBP pairs to drop lower before the rally but the elections had different ideas about that so we will see how this now plays out to potentiall end 2019 with a strong GBP.
BTCUSDOpen and mitigated orders at play. We have a vast amount of liquidity in the market to sweep and with the DXY looking bearish at the moment, we can expect all pairs ending with USD to rise in the short term before they continue their bearish runs.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
USDCAD Consolidation tradeUsdcad is in an optimal trade entry for a sell en daily
it has cleared a liquidity Void and is now ready to drop
I still would want to sell it from a higher price for a clear complete manipulation before distribution
Internal to external liquidity trade
AudUsd Short 12/19/19Man i havent posted in a long time, thank you to my followers. AU has been in this set up for 2 weeks now, i understand that its the end of the year but it needs to get a move on and seek that liquidity,
US30Imbalances to be filled and as we do, we play institutional candle to institutional candle. This should be nice drop for the next 2 weeks if it does play out
New trading week, same goals, better results!
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
USDCADNFP & CAD news at the same time today, this pair is lookign very intereting to look at as the news hits. As we know, institutions use news as an excuse to move price to it's intended targets where they can mitigate out of or get closer to mitigation.
We have an open order just below 31975 and also imbalance we could target for entry to the upside before we see a potential long term sell off. DXY also looking like a simialr set up which I have been anticipating for some weeks now.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
GBPCADI was expecting a bearish sentiment before a very bullish GBP market with Brexit & elections on our door step but it seems the GBP keeps rising which is scary in these uncertain times. This indicates to me a very big market crash coming in 2020 as expected with chart readings, housing market, interest rates, the usual market crash cycle and many other factors tied into this including Euro sentiments.
Many of the other GBP Pairs also have a simialar outlook/set up which I may post analysis on shortly.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
