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Liquiditypool

GBPCHFX marks the Spot. For a Bearish Price Action, Look to SELL ONLY when we have a strong CHF. Good to SELL around 1.32650 where we have the Weekly Supply Zone. I will be interested if we have a strong fundamentals on the CHF. With Long-term Target at 1.28550 For a Bullish Price Action, A slow grind UP on a very weak CHF. The CHF has been the weakest currency this month, Pound weakness doesn't show here. Look to BUY pullbacks, however, we may be hitting Weekly Supply Zone. If we break 1.32620, look to BUY pullbacks. Target at 1.34200. I'll be avoiding BUY signals as price appears to be topping out. I am neutral on this cross at the moment.
Short
by TradeAce
GBPCHFX marks the Spot. For a Bearish Price Action, Look to SELL ONLY when we have a strong CHF. Good to SELL around 1.32650 where we have the Weekly Supply Zone. I will be interested if we have a strong fundamentals on the CHF. With Long-term Target at 1.28550 For a Bullish Price Action, A slow grind UP on a very weak CHF. The CHF has been the weakest currency this month, Pound weakness doesn't show here. Look to BUY pullbacks, however, we may be hitting Weekly Supply Zone. If we break 1.32620, look to BUY pullbacks. Target at 1.34200. I'll be avoiding BUY signals as price appears to be topping out. I am neutral on this cross at the moment.
Short
by TradeAce
Bitcoin Price Has Failed to Overcome These Points Repeatedly Bitcoin price has been performing well recently. The last three weekly candles have closed with increases recorded and this week has brought the price of bitcoin back above $4000 and looks likely to close with an increase. But bitcoin has risen to a point that it has failed to overcome time and time again. Since March of 2018, the price has failed to overcome a downward trendline it has tested on numerous occasions. The last significant test of the downward trendline was in November where price failing to overcome the trendline resulted in a depreciation of almost 50%. Price is once again approaching this point and has been exhibiting similar behaviour to price action leading up to the November drop. Price has been consolidating since December forming both lower highs and higher lows. Similarly, the price was also consolidating forming both lower highs and higher lows in the months leading up to November. This may not mean that price is going to react in the same way but it does mean that the downward trendline deserves to be monitored. Price has also found seller liquidity on numerous times over the past few months between $4070 and $4250. We will be looking to enter a short position just below this territory at $4060 if the price can continue to rise to this point. We are setting our stop loss above this territory at $4290. We have set this just below $4300 as there can be more significant slippage at psychological points such as prices with round numbers like $4300. Our profit target will be $3780 which will be just above the FTA we expect at $3768. Price has met support at $3768 numerous times over the past week. This trade gives us a risk to reward ratio of 1.22 meaning this trade needs to be right at least 45% of the time to be profitable. Some further reasons we are taking this trade: Price is trading at the monthly 50 EMA which it had failed to close above when the February monthly candle closed. Selling pressure came in to bring the price back below this point before February finished. The monthly RSI is also trading near all-time lows showing selling pressure has been high. Price is also trading at the 200 EMA which seems to have acted as resistance on numerous times. We will keep you good folks updated on whether this trade becomes active and how we manage it if it does. Let us know your thoughts in the comments and check out our newsletter to get analysis straight to your inbox.
BITMEX:BTCUSD.PShort
by AdaptiveAnalysis
Are we setting up for another big bitcoin drop?The recent consolidation we are seeing has brought the downward trendline which resulted in price breaking down in November back into my attention. Price had mostly been consolidating for October to November of 2018 before depreciating around 50%. We are seeing something similar at the moment with price consolidating and forming higher lows and lower highs. The trend line may not come into play and may not be relevant since the November breakdown but it is something that I am going to be aware of. The key resistance level I am currently monitoring is from $4150 to $4250 where the price has found seller liquidity on numerous occasions already. Let me know in the comments if you feel the trendline from 2018 is still relevant.
BITMEX:BTCUSD.P
by AdaptiveAnalysis
Bitcoin vs. Silver -$5800 incoming- about to surprise everyone!If you like my work make sure to hit that like & follow button as it really motivates me! Comments are always appreciated. Let's dive into it. I'm sure you have seen many Bitcoin/Gold comparisons before. But did you already see a comparison between Bitcoin and Silver? If not, here it is. BTC/USD is a 4D chart & XAG/USD (Silver) a 4hr chart. We can clearly see that the market structure is quite similar, even RSI levels match. A never ending clean supprt broken, followed by an expansion down & consolidation afterwards, making a Higher-High and a Lower-High. Both trendlines are here to visualize a Low-HigherLow structure. Seems quite similar, huh? Guess what, BTC/USD is right at the exact RSI level as when XAG/USD (Silver) pumped towards it's clean support that turned into resistance after expanding down. As highlighted, we have an inverted hammer on both charts. I'm not going to dive into the fundamental details too much but there are a few things that could influence this: - CBOE-VanEck ETF countdown for a decision whether the physically-backed Bitcoin ETF get's approved, delayed or even denied restarted on 19th of February. A decision has to be made within 45-days. - Bakkt platform confirms other partnerships beside Starbucks & Microsoft. - NASDAQ BTC-Futures come out of nothing (the initial plan was to launch them in Q1 19') Overall we still have a huge liquidity void between $4400 - $5800 that I expect us to clear out. No TA for that needed. This comparison should show that the odds for a BTC pump towards 5800-6200 are very good. Not too technical today, just a pure market-structure comparison! Stay tuned and don't forget to leave a like & follow if you like my work!
COINBASE:BTCUSDLong
by CleanTrades
1
GBPCAD SHORTX marks the Spot. For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885 For a Bullish Price Action, A close back UP, reactivates my Bullish setup. I am neutral on this pair.
Short
by TradeAce