After the Failed Auction at the VAH of Range2, PA fell below the POC where it met strong resistance resulting in a loss of the range acceptance. Failure to regain acceptance into Range2 could potentially lead PA back down to Range1 to test support as we have many levels of confluence around the VAH to support a possible bounce(6Levels/Monthly/VAH/POC) Looking for...
After 294 Days of freefalling to a crash landing and 378 Days of sideways PA .... The ALTCoins may still be looking for a bottom. Failure to find acceptance into and to break out of Range 3 could potentially lead to a move down to Range 2, with a downward target between the .382/POC Levels (-33% from current PA) and the .618/.66/VAL (-59% from current...
After targets 1 and 2 / VAH where met, we need to look to the upside for more potential targets. IF PA is able to make a move to the range shown above, I find it hard to believe it will make it past the VAH of said range, a good spot to look for short ops around 50k, first we must see the VAH flipped for support....conversely, to the downside, we have the CME gap...
The current PA on BTC is forming a Ascending Triangle, a predominantly bullish pattern, no matter where it is formed (meaning top or bottom). While I do recognize PA is sitting at the top of a huge move, the current data suggest we may have more upside in store, eyeing the Monthly level for resistance. The screenshot in the top left corner shows a Bullish CVD...
LINK showing PA very similar to BTC before the break out. If PA finds acceptance into the Greater Value Area, I fully expect a move all the way to the VAH.
If PA rejected here at the VAH, then I'm looking for a possible pull back to the POC of the range to form wave 2, following the corrective wave. If desired reaction is seen, this could make a ogood long opp.
If the measured move is to play out again, it could bring the PA on ETH to form a Head and Shoulder pattern. If this is to play out, it could send PA down to the Greater Value Area below, sitting around 2080 to 2000, with eyes on the POC for a level of strong support.
ADA has been forming a beautifully well defined rising triangle and is looking like it may have the potential to make another stab at the upper trend line, as always, waiting for a break out and pull back for confirmation before taking a trade.
Chart speaks for itself here, enjoy. Trade smart, drink more water and exercise mind and body! Best of luck!
Aside from forming a pretty solid ascending triangle, BTC seems to have also found acceptance into the shown previous value are, where a lot of consolidation happened with in this range. Typically when PA finds acceptance into a value area, it likes to make a complete move to the other side oof said range. Currently testing the POC of the range, failure to break...
If PA can hold above the POC( Red dashed line), its possible we could see a break of the VAH/Upper trend line. If said PA is to take place, I'd be looking for a pull back too the trend/VAH with a solid positive reaction (ex. swing failure or failed auction) for a long position. Entry is dependent on the reaction and information present at the time of the...
Pretty solid bearish harmonic forming on CELR the past day, eyes one the 1.618 for the negatives reaction to confirm a short entry.
Price Action is potentially forming a Failed Auction, testing the resistance at the HS Neck Line. The numbers to the left represent Delta, positive being blue and green, and negative being red and purple. The white box represents the Value Area of the range, top being the Value Area High, and the bottom being Value Area Low. -Delta is high. Once PA enters and is...
Breakdown of technical analysis on chart. Drink more water, exercise and trade responsibly!
Todays Menu, BTC 2 Ways . -------------------------------------------------------------------------------------------------------------- On the Long side , before seeing the upside again, I believe the local low will need to be taken out, bring price action down into Range 2, highlighted in green. Typically, when PA (Price Action) moves in to a range, it will...
Another Wyckoff in the making? A possible repeat of the last Wyckoff cycle lines up with the resistance levels on macro fib.. 74.6k for the top of this cycle before the down side. All speculative, of course...
Last dump of the correction phase before the next big move up.