LTF
Argument for Shorting TECK.It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out. Normally, I am trying to do all of this in my head, so it felt really good to write it down on the chart for once.
Definitely need to refine this approach. From my perspective it is like if you were training to run a marathon by running for 30 miles. The marathon will never be easy, but compared to 30 miles maybe it will be achievable with regularity.
Realistically, I'm the 400/800 guy, but I prefer my suffering long and drawn out L.O.L.
$BTC: 200 ema on the 4 hour = Potential repeat?I love the 4 hour chart. Last time bitcoin fought back above the 200 ema and then retested it and successfully closed above? We saw a pretty nice run. I get the sense that this $BTC pa is just some coiling of the spring, a consolidation of momentum as we load up for the next run. Obviously things can go south from here for sure. I wouldn't be surprised to see a second break below, and another "double bottom" style pattern form. But if this 200 holds, we might see some nice push to up around 70k.
Bitcoin trapped in confluences area and on decisive momentTrapped Between massive confluence Areas, Bitcoin is expected to make a move on soon.
The way I see it , Bitcoin will retest the 7350-7270 area liquidity and then will make an attempt to the highs into 8100-8200 area were it will top out or proceed for a massive run up to the 9000 area.
Kyber Network in the Short Term Aside from the gruesome chop taking place in all the nooks and cranny of the financial world, some cryptocurrency has held its own.
I believe kyber is showing a strong base here in the USD pairing and in the short term I am looking for a target near the .54 price range.
Eur Cad With interesting areaWe see a Eur cad hitting support + qm area after some nice bearish move ...
i expect a bounce to the upside (ltf entry for nicer RR or HTF entry for stressless trading)
plan B would be a break of the zone and retest from below to get in short ..
observe the candles when we hit or break area and let them tell you the story ....listen Carefully ;-)