XRP already at the bottom of the 4H demand zone, doesn't look like it will hold either. If zone breaks, looking at a 28.1% drop to the monthly demand zone (light grey), or a deeper drop into the weekly zone (dark grey) inside the monthly zone which represents a 43.6% drop.
I think the $6.2-$6.4k area is the top for this cycle now. I am looking to sell the area and will scale-in the area in two parts. This supply zone has great confluence with the High Volume Node ( HVN ) and is technically the area where BTC broke down to the lows of $3k. The target for this trade will be $5.1k and $4.1k. Might seem far off... But will see how...
Groestlcoin... what a name. Anyway, made a nice rounded retest of the initial pump off the Mastercard news. No brainer long imo. Clear risk defined and targeting the PPZ
I have a bearish bias on Bund, since it has hit monthly supply above. On the daily, we have a new supply zone in purple with good confluence of a HVN. On the H4, a nice channel return to the daily supply zone. If price goes above 167.595, I am wrong on this trade.
XEM has returned to the demand zone as shown in the chart. However, a V-return to the zone is generally bearish. Still, alt-coins are jumping around and the VPVR POC gives some good confluence with this demand zone. Risking a little lesser here
RVN has hit the 1D and H4 demand zone, including a shift in market structure. If you know what you're looking for... ;) Invalidation level is 0.00001063, targeting 0.00001520
LTCBTC fails to show any signs of strength on the lower timeframe. Unless it shows bullish market structure, I think LTCBTC will retrace back to the lower demand zones. Subsequently, we can use the LTCUSD chart as a proxy to determine which demand zone we can buy as there is a very clear structure on LTCUSD that is key for more longs.
XLM looks good to buy at the demand zone. Basic stuff
Short setups on the DAX on the H4...
USDCHF stair stepping its way to the highs of 1.01284 Bullish bias comes from engulfed supply and bearish price action was quickly reversed. Any move towards demand zone at 0.99469 can be a buy if a bear-trap setup forms
AUDUSD approaching daily supply. Potential first-touch setup or a bull-trap setup. Either way, similar case on AUDJPY as well. Decent confluence- PPZ in the supply zone, high volume node. Tentative target would be the lows at 0.70528
I really think EURUSD goes up from here after forming a bear-trap setup into demand zone. Will target higher timeframe supply in which I will short heavily into
AUDJPY showing some strength. Would be interested to sell if it reaches the weekly supply zone.
While everyone is getting overly-ecstatic over BTC >$4k and alt-coins pumping, here's a setup I've been waiting for over 2 weeks now... Perfect channel up to supply and a possible bear-trap setup. Targetting the lower demand zone
If you know what to look for...
Change in market structure to the downside now.
Price spiked the high, typical Swing failure. Engulfed demand, bounced at lower demand zone. Looking to be a seller above, targeting stops below
Price approaching demand zone. Demand zone in confluence with the flow uptrend and VPVR point of control.