It is just a matter of time. PA looking absolutely beautiful.
In case of a reversal from these levels, we could see a further move higher before displacing towards lower prices.
We reached an interesting area that set the stage for a potential reversal or a breakout with continuation. Either way, the next move will be an interesting one. Currently sitting on my hand, waiting for price to show the way :)
Price has pulled back to the level of interest from last Friday. Reached and currently trading into 4h fvg and below 4H order block. Will let the asian session unroll and see where we are at tomorrow morning 7am.
Trending down. Daily we reached 78.6 fib & daily OB. On 4H chart we can see how price has reacted off a 4H OB. Asian range has been pierced through the upper side and now price is trading below it. Trade is on if we see a clear displacement down off current level and a retest of the 0.85030 level. Ideally right after NY open and NFP. For the swing: SLwould be...
We had a sweep of liquidity followed by a decisive move to the downside. Entry was taken after the retest of FVG, a bit later than what it should have been. Target is sellside liquidity. Lets see how this ages :)
Price nicely rejected the 18200 level and started moving towards the bottom of the range that has been forming since around the 10th of November. After this initial leg down price has slowed down and started to consolidate around the 16700 area. I will be still interested in scaling in this short and keep the current position open, if one of the two scenarios...
Hi everyone! BTC price has fallen below the 2018 ATH, area which in the last few months has been acting as a strong support. If we manage to close the weekly below this level, we may see further downside. After having a look at the Monthly chart, the first thing that came to my eyes was the Elliot waves. We have had a nice 5 waves bull market, and now a 3 waves...
After the last few days of buying, we may be ready for a bearish continuation. EMA, 0.786 fib and minor structure are currently capping price, if we manage to get few rejection of the yellow circle area and see today's candle close bearish, we may be in for a down ride to 17K and possibly more to 16K and 14k. Eyes open, I guess we are in for an interesting move...