DenisTrofimov

DenisTrofimov

IF the price breaks above $43000 with some good conviction, the best idea is to enter longs on the retest with a target of $53000. Untill then we are below major resistance with either long period of consolidation or downtrend continuation.

DenisTrofimov

This is one of the scenarios of the range development. We can go back and test the resistance that can be a good short entry. But I am not willing to go long off $46000-49000 zone until price action shows some strength and willingness to go higher.

DenisTrofimov

#TSLA #MSTR #BTC I decided to develop this topic a little. It may be just FUD, but the two main dumpers of Bitcoin Tesla and MicroStrategy can now become the main dumpers. This is how a bubble can burst. Tesla may lose lending from the state due to new car makers who entered this market, which will force Musk to completely liquidate Bitcoin's position, since...

DenisTrofimov

Support and resistance zones are on the chart. If resistance holds ,we will test support. If Support fails we are most likely going into $39000. If resistance fails, we will test All time High and possibly put a new High

DenisTrofimov

Bitcoin has been balancing in a tight range for over 3 weeks now and is now up for a big impulse swing. The diagonal trendline looks like either a trap for shorts or an area of big buyside liquidity pool and billions worth of liquidations and cascade of stop losses. Time to reduce risk for longs and be ready for some big range bars

DenisTrofimov

EURCAD-below the impulse start

DenisTrofimov Updated 

BTC Rangebound Chop Similar to GBPUSD-just an idea. Cable has been chopping for over a year, while BTC is consolidating after a strong bull run, yet the fractals might play out.

DenisTrofimov

Low seasonal volatility of January-March period Bitcoin matches the choppy consolidation of Gold after a strong bull run. Levels to watch: Deep into zone $29900-30800, bounce from there up to $36000 and later dive into $25000.

DenisTrofimov

I expect the January Monthly Candle to reach a bit higher to $36-38K with the wick and then turn red (black in my chart). I also expect it to take out the December low of $17580 before the end of the month $15500-16900. After that we can expect a new Bull leg up above the new high. Fingers crossed:)

DenisTrofimov Updated 

BTC Trend Continuation Pattern. Seems like Bitcoin needs to retrace back to its original accumulation zone for reaccumulation. .

DenisTrofimov

Btc has currently taken out 2 year highs and trading at Fear Greed Index of 90, which is extremely high. Even though there is potential to go higher keeping longs above $15500 levels becoming risky. Best idea is to wait and enter at the support zones below $12500 as the first initial support

DenisTrofimov

If ETH manages to break-out above $500, the upside targets are on the chart. This Red Resistance zone will become strong support on the retest. Until the resistance zone is taken out it is still a solid resistance, so better take longs above the zone after the breakout.

DenisTrofimov

Dollar Index dove in under s a major support that is now became a resistance. Possible mid-term goal $89

DenisTrofimov

DXY-Monthly Chart. Heading lower toward the median of the two-decade range at least down to $83. The Republicans weakened the Dollar Index, while the Democrats worked on getting it higher. 2020 is a special year, so regardless who wins, we are heading lower. Brrrr......

DenisTrofimov

Bullish pattern might disappoint many with the pre-election sell-off. Yet, the bullish scenario on high timeframe is still intact. Shakeout of longs before continuation is highly probable.

DenisTrofimov Updated 

ES_F-Optimal Short Entry Smart Money

DenisTrofimov

Institutional Order Flow-2nd Option

DenisTrofimov

We are again in the period of contraction on Bitcoin. Place your bets as the next move will be epic:) $15k target above, $8k target below. Could take another day, week or a month before the contracted range will expand.