Bitcoin long from buying tail`I am now waiting for the order flow to confirm that there is a possible long here and then i will place a position.
Make sure you check the order flow before you get in a position here
Range
BTCUSDSometimes it's not a Gartley. Sometimes the price is within a range. Support and resistance is all there is. Finding the bottom and top is the key to the, "Buy low, sell low". Hyperfocus, stay focused.
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain.
Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
Destination Sideways? No problemo ✌️😃😸🤟CPI was out so finally we had some volatility but as explained before, destination is SIDEWAYS...
Take a look at the last time, went sideways for weeks/months. Ina similar manner we expect sideways for days/weeks now again:
Summer is almost here, time to enjoy life a bit more and get the right tools to make the best out of these conditions.
When the market is in the range, like it is now, one need to be aware and able to adopt.
Enjoy life and remember:
ONE LOVE,
The FXPROFESSOR
EURUSD before ECBToday, the interest rate decision from ECB is coming out. It doesn't always causes big moves but in case of any changes in the politics, it could.
Right now, it looks like the upside move can not continue and we prefer not to trade it.
First, we need to see clear direction and then we can eventually look for entries.
That means, we want to see a nice breakout of resistance, so we can buy or rejection followed by drop, so we can sell.
Triangle vs RangeJust looking at the current BTCSDT pair and in mind, thinking about price "breakout" traders. Fine line between a trading range and a triangle. Take care.
XAUUSD LONG There is a decrease in the sellers' momentum and the buyers control the price now in a range. If we get a clear break of the range, we can buy
$BTC - Weekly Volatility flattening It looks like the volatility lines are flattening - To me there is a very good probability that we will come retest the $35k area sooner or later. If we don't go past this resistance level, thing will get bloody.
GBPUSD ShortOANDA:GBPUSD
GBPUSD testing a resistance level and forming a bearish engulfing candle for a bearish setup
Iota What to expect on Relief rally?IOTA is ranging just below its crucial resistance at $0.38.
If breaks, it's possible to see a (30 - 50)% surge - It depends on the general market conditions.
Max recover during the relief rally is at $0.57.
GBONZD SHORT There is an increase in selling momentum and the price is in a range I expect the price to fall to break the last bottom
NZDCAD SHORT The strength of the buyers decreased and the sellers dominated, there is a range that was broken, I expect the price to fall to the next support level
EURCHF LONG There is a lack of sellers' momentum for the last wave, I have a range that was broken and the major trend is to the upside. I expect to see a rise to the next resistance level.
BITCOIN UPDATESince my previous update BTC failed to make a second HH from a daily perspective and instead rejected the supply of the channel aggressively.
Now price has formed a macro M formation and broke below the important midline support, which will now act as resistance. I think there is a good probability now the price will come all the way back down to the lower range of the accumulation channel.
We are monitoring PA on the LTF for rejection at the identified supply zone for potential entries to short.
