BTC has shown a great bullish strength for a whole month. As shown in the picture, we might have an extended wave 1. Right now it looks like we are in the last wave 5 move towards "24580" which is a Fib Extension 61.8% + QM level. After that we might see a retracement occur to around 20000 - 21000 area
US30 has touched our area of interest and instantly drop from that zone. Expecting for it to break the equal low liquidity.
We have see some bullishness of the BTC right now. However, RSI is extremely in oversold region in every timeframe. We might be in a extended wave 1 as we dont see any correction yet. Probably this Sunday or Monday, BTC will reach 19600 and start to make some correction in the up coming week. Our target will be 19600 18400 20350 19700 20800 Then we will have a...
US30 has been sideway in a range for over 16 days. We might expect some rebound after a breakout. However, there is a QM + Supply zone at around 34400. Additionally, DXY might do some bounce soon so we can expect some pull back in risk assets.
AUDCAD SL hit!! Ouch. Probably did the wrong analysis and did not look carefully. Let's try again with the new set up.
Cancel 1860 trade and wait for 1896. Price might reach that level as it is a 100% fibo extension and a fibo61.8 retracement.
Add more sell position here, a rebound to supply. Lets see how it plays out
Plan changed. A stronger rebound is expected to happen. Let's see how it plays out
GBPUSD looks like it starts to form a change of character and we could be looking for more downside. Price is now rebound from the demand zone. Hopefully it can reach our QM level + Fibo 78.6 at 1.232 as shown in the picture.
BTC has made an EQH and EQL at 17k and 16.4k which creates a liquidity zones as shown in picture. 1. A retail trader will either go short at 17k or long after breaking 17k. However, if you look closely, the price has created a supply zone at 17300. A break out of 17k might be a false break out. 2. After it comes back at 16.4k and retail traders will either go...
Dollar Index ( #DXY ) vs #BTC . Is it true that "DXY up, BTC down. BTC up, DXY down"?. 1. According to the data, when DXY ( orange line) breaks out and starts to go up, BTC will begin to enter its bear market. But if you look carefully, there is something interesting. 2. After DXY undergoes its uptrend for a while, it starts to lose its momentum and enters a...
US30/Dow jones is showing a trendline liquidity while in a higher TF looks like it is forming a 3 drives pattern approaching a Fibo 50% retracement + supply zone.
GOLD/XAU is forming a compression liquidity and a rising wedge. Right now it is approaching a target of 1860 which is a supply zone and a fibo 78.6 extension. Good place to sell as money might flow out of GOLD and move towards BTC. A price target for this GOLD retrace is at 1710 which is a Fibo 61.8 and a demand zone in TF day
EQH has been broken, and the price is moving towards the supply zone.