Dıvergences of BitcoinWhen we examine the last 3 mismatches between the price and the Relative Strength Index, the view that emerges can give us an idea about the possible correction in the price.
Short-long
Possibility of Correction for Bitcoin about Short Time FrameAs can be seen, Bitcoin is moving as expected within the ascending triangle formation, and we are currently on a stable path above SMA200 / 4H.
Considering the Fib support and resistance, a correction to around $35K can be considered normal. If we can break the limits in this area, we can see a correction to $33.5K or even up to FWB:29K , which is our long-term fib level.
BIG PLAN about BTCAlthough it is thought that we have left the bear market and entered the bull market, BTC does not yet seem to have achieved its normal correction level at the required percentage.
When we examine the LP and OTH focused fib retracement ranges based on the Rising Wedge phenomenon related to the Bear Flag formation we are in, it becomes clear that the correction has not been fully realized.
Currently, our strongest support level appears to be the 50-week simple moving average, which runs parallel with the Rising Wedge support trend.
When SMA 50 breaks, we can expect a very deep decline.
USDJPY 19/11/23USD JPY in a bearish range as it was from Thursday we created our swing low and confirmed our swim pines we're now waiting for every sweep of the swing high for continuations down or a break out of this range lower which we can then continue to follow into this new bearish range.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 19/11/23Usd chf following the bearish order flow as we called out last week we got our target on Friday but we still need to wait for a new range to be confirmed as we have not had two 5 minute candles closed below us and row because of this we cannot have any consistent markups until this point is formed we had a big drop off at market close that we need to wait for this to correct itself depending on if we have any gaps at market open we will monitor as market open up.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 19/11/23Gold sitting within a unconfirmed bearish range was still looking for a swinglow to be created for this range to be validated overall I am expecting price to shift bullish again as fundamentally gold is bullish and this is the first bearish range within an overall bullish delivery within market. Until we have a break of the swing high though we will continue to follow this structure to the downside.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 19/11/23Euro USD broke out of the bearish range we had on Friday good evening into a bullish end of the week and the bullish beginning of the week looking for the low at 1.08585 to be taken to give us a clean bullish entry to the upside, As we have POI in the lower end of this range that it's going to be our ideal for entry but of course until we form our swing high we will just take it as prices delivered.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Gold still bearish outlook? but...Hi guys.
In my previous analysis i mentioned the 1934's level beeing the level to go Long longterm. After a double bottom confirmation gold almost gave a strong bullish move of 350pips. In my opinion gold future outlook is still bearish. Currently hovering around 1971(Wich is resistance level) But we need to look for short position at a better untested area wich is 1976's. My prediction is gold will climb towards 1976's zone to take orders and fall from here with targets as 1964, 1953 and 1930's
But... if gold manage to break 1976 zone with confirmation. we need to start looking for longs. With targets as 1992, 2009....
Resistance: 1992, 2009, 2022
Support:1964, 1953, 1947, 1932
EURUSD 5/11/23Starting off this week with Euro to the US dollar we saw a clear bullish trend established last week and we had some very strong bullish moves from our later session.
We're looking for this move to continue forward as until we see a change in direction or a shift in narrative expect the same trend to continue we've broken down our 5 minute high establishing our swing high as well as a counter swing order block we have a major low within our range we also have an unmitigated area for price to revisit which would be our ideal before the next expansion.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 29/10/23XU is for us a pretty easy one we have a strong fundamental driver for gold at the moment so we wont be aiming for any shorts on this.
overall we sit within huge bullish range so trend is already telling us the direction it wants to go.
keep it simple and watch out for updates on any conflicts.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NAS100 29/10/23N1 giving us what we wanted to see from Wednesday, leaving us in the right position fort this week as we look to follow this pair short if the current range continues to give us strong bearish moves. after open we are watching our highs to see if we can catch this lower move before we hit our swing target.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
EURUSD 29/10/23EU gave us a pretty clean reversal out of our bearish trend from last week, as it stands we are fully bullish from our last range which lines up nicely with our bias for possible longs from GU. We have very little int he way of internal structure within our range so we can look to this low for an entry or towards our 5min swing low POI.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBPUSD 29/10/23Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry.
iam watching these lows for a entry to show itself, if we get one then we will test our longs with low risk.
if we don't get our entry then we will look to follow the short move out of our swing low.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
the 10k or 30k bitcoin debatehow both sides see it.
we are currently sandwiched in a range of historical resistance/support flips - the initial 10k resistance flipped support for the bullrun, and the level that held price to ATH now flipped resistance.
bears are aiming for a retest of this area near 10k
bulls are aiming for a retest of the area near 30k
...both are probable
thus far we are unable to break the .75 of the range to 30k with 2 decent rejections.
as the .25 was front ran there is a likely chance we swoop the 15k level.
losing the .25 would most likely open the doors to 10k for a retest of the demand zone that confirmed the covid bullrun
likewise holding the .5 here with the obvious ih&s pattern could see the .75 claimed with the 30k target activated.
gbpjpy sellprice just rejected the .786 also triple top at 182.300. there was also a bearish choch of character on the 5min tf followed by the retracement. there is a lot of liquidity down low also. you can wait for a break of the trendline and a break of 182.100 to be more conservative.
EURUSD 22/10/23EU our last mark up for this week, here we have a bullish move like we have in GU so we aim for our SWH as it stands iam planning on doing the same thing as we have on GBP run a low or run the high then we will look for our setup mainly iam focusing on the internal lows and highs for our tell tell signs of moves higher or lower!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
XAUUSD 22/10/23XU showing us the results of major fundamental events as tensions rise the price of gold is sure to follow, as one of the safest assets to own even in 2023 gold is worth its weight! (unlike the USD)
heading into this week iam looking for a low run into another new high from this very favourable asset.
longs are for sure but a small rebalance is in order so will be looking out for this to come at some stage.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 22/10/23UC is another example of bearish price action we know from what we have seen of our other pairs that this is likely to carry over into this week but we will more than likely look to fill some of our high areas, which would match up nicely with what we know of our other pairs for example GU.
Main focus here is to take out a major high or low, as it stands we have a lot of liquid on both sides of the market, so we don't want to get caught up in anything we don't need to be in!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
NAS100 22/10/23N1 giving us another bearish range overall and we finished our week with overall a run of another low, taking this into account, iam not looking at our range as broken but i am looking for more bearishness leading us into this new weeks session, we have an untapped POI and some very clean liquid highs for price to tap into.
Overall iam looking for a short after we take either the low clearly or we shift up to take the liquid high.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
AUDNZD SellTrade I placed with a 1:2.8 R/R this morning. Entered on the rejection of a FVG, tried to catch entry at CE but only just missed it.
Holding to TP 30 pips with a 10 pip SL.
XAUUSD Quick fast short to bottom if you need to make some backQuick little drop here to make back some lost profit.
by iCantw84it
EURUSD 9/10/23Our final pair for this week Euro USD you can see that we are in again a bullish swing range this swing range was only confirmed after price shifted lower from the market open gap again this holds less probability when it comes to confirming a truly manipulated high within our swing range but as it stands we will look at it as a true breaker structure since this breaker structure we have tapped into our only unmitigated POI and we have seen a bullish move up we have not come up to fill the gap yet, But as we are in a bullish range it makes the fulfilment of this gap even more probable of course we will look towards our Tuesday sessions for our true price movements as today is a bank holiday but we will continue to follow price action to see if we can get some short term moves until this gap and range is fulfilled
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
