LegendSince

05:47

LegendSince

We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...

05:47

LegendSince

We are in uncharted territories and with price for the week closing @ $5,859.75, it would seem reasonable from a non-technical, irrational point a view that $6,000 is the next target. In fact, I am pretty sure we will hear headlines about the chance to make 'history', reaching a milestone of $6,000 despite all the turmoil in the world. What fundamentals will it...

06:43

LegendSince

103.541 is a point of interest which represents the daily buyside liquidity pool but with higher and higher resistance to the upside, a minor retracement is cooking. It's bank holiday on Monday so I will not be expecting any huge movements during that day. Low volatility da Followed up by 5 red folder days; CPI and claimant count change, 3 gold folders on...

05:22

LegendSince

Usually, bonds and yields work together in harmony where price delivery is clear to see but when we are in times where bonds has delivered to a discount whilst yields is also trading in a discount and has still yet to reach premium levels, it makes me wonder how long this can go on for. Sitting on my hands awaiting more data and will keep you guys updated.

08:42

LegendSince

We have seen a draw up to buyside liquidity but with price still trading inside of a discount, it's only a matter of time premium prices present itself... right?? Eyes on 4.169%

13:34

LegendSince Updated 

Out of all the markets that I analyse, Bitcoin is the MOST volatile with liquidity pools being ran on minute in and minute out! Looking at the weekly timeframe, it is evident that weekly buystops @ $65,000 did not manage to maintain the bullish nature of price action despite the huge psychological impact it is. There is still inefficiencies in the delivery of...

15:50

LegendSince Updated 

Studying the consequent encroachment of the daily fair value gap is where you are able to identify whether there is a stronger likelihood for daily highs to be targeted. 5 consecutive days of bearish price action for cable and you think it wouldn't be healthy for a minor relief rally to occur up to 1.31424? Manipulation before distribution and right now, I feel...

10:41

LegendSince Updated 

Similar to US10Y where we have seen 4 consecutive up close candles, with T-Bonds, we have witnessed 4 days worth of bearish price delivery with he volume imbalance on a higher timeframe (1W) consequent encroachment being met as support for the time being. Not shying away from a manipulative run, targeting 122.25 but would not be phased if we do not even make it...

07:15

LegendSince Updated 

Utilising the most recent dealing range from the 6th Sep 2024 - 4th Oct 2024, we can establish where the equilibrium is located which means it is easier to differentiate premium prices from discount. Currently as it stands, Silver is trading at a premium and those looking to dollar cost average further into Silver should not be looking at anything above $30.32...

11:30

LegendSince Updated 

Low hanging fruits is something i love! Easy to reach but you got to be the 1st to the party otherwise you run the risk of being cannibalised. Shift in market structure @ 1.10019 is my low hanging fruit for the short term but also very aware of the potential bearish continuation. Love to see the upper part of the daily FVG filled but without the need to close above it.

06:52

LegendSince Updated 

4 consecutive days of bullish price action with the potential to draw further up inside of the Feb 24 new week opening gap. Short-term retracement is expected during conditions similar to now and would like to gee the NWOG for this week (still in a premium) filled with the last point of no return being a daily candle body closure below 3.946%

09:27

LegendSince

Once the top doug but not suffering to the fate of rangebound price action, violating daily highs and lows but not really going anywhere. You know what this means right...? The market's being held for an event that will create a plausible reason to reprice Dow Jones either higher or lower. My moneys on sellside, especially if we continue to see risk off...

17:35

LegendSince

For the swing traders out there with patience to wait before entering, i salute you! Market conditions are torturous at the moment making it challenging to dictate where the next daily draw on liquidity will be. Only those who scalp and utilise the 15,5,1 min timeframes will be able to get a better understanding for what the market is doing and what signatures...

16:42

LegendSince

I thought it would have been a good idea to take a nap before going over and posting my analysis but it seems like the projection of $5,766.75 has already been met. Will keep you guys updated in the comments section.

11:32

LegendSince

If you have watched my previous analysis on the Dollar Index, you will know that the area of 101.994 was a target for weeks but we kept on seeing relative equal highs created. This incentivised smart money to hold proce below in a discount in order to pile in more sell stops as classic retail minded traders would think that because LL and LH's are being formed,...

03:23

LegendSince

Were do we go from here.... I do believe there is a chance for a continued run up into FWB:67K but i have not got enough data to support it. Awaiting for the weekly range to play out this week so i can make a clearer decision.

06:28

LegendSince

Long-term bullish runs are great, especially when you are dollar cost averaging every month. The goal then should be to hedge. Make money whilst your physicals loose value.

07:50

LegendSince

Very tricky to pull a bias out of the bag so I will be standing on the sideline awaiting for more data.