MC_Mike_Trading

MC_Mike_Trading

TF: 1 Hr ETH has made a nice leg higher, price may dip down back into previous volume before moving higher. I like the POC shown on the chart + the 0.50 to 0.618 retracement of the previous up move as an area for retesting if it decides to pull back

MC_Mike_Trading Updated 

TF: W (Logarithmic) Amp might be gearing up for a nice upside move. A couple key points: 1. Amp is currently trading and retesting the POC (~$0.00390) the bear move (~$0.13 down to ~$0.00140). Price wicked back down into this area and pulled back up and is currently trading near the and around the POC. This may be an area where bigger...

MC_Mike_Trading

TF: 15 Min Might see a retracement on EU after price dips a bit more. Overall price is still bearish, but a pullback may occur, so keeping an eye on price action may lend a nice scalp long or waiting for a pull back for a entry short

MC_Mike_Trading Updated 

TF: 1 hr Price has been correcting since the Monday dump and is showing signs of relief. Regardless if this move is impulsive or corrective, I think a retest of the 0.618 retracement level at ~$60k looks like a good entry for a move higher. Price could just be correcting more another move down so keeping that in mind and see how price place out is key.

MC_Mike_Trading Updated 

TF: 3D A head and shoulders pattern is forming on higher timeframes for TSLA. If the formation plays out, a drop to around $100 may occur.

MC_Mike_Trading

TF: 6 Hr Price has made a nice correction of the recent impulse move down to ~$17,100. Price has recently been rejecting the 0.786 retracement of the move down. The 0.786 retracement also aligns with the POC of the impulse move down. Price could be setting up for a correction or price could also be setting up for another impulse move down, however, I think at...

MC_Mike_Trading

TF: 1 Week Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~$12B in the next year or year and half if the bullish market continues to play out. A pullback to $1.70 to $1.80T in the near term is...

MC_Mike_Trading

TF: 6 Hr Possible correction from current levels down to break the low around ~$142.60 before another leg higher. Upside targets are around ~$147.50 after the correction.

MC_Mike_Trading

TF: 4 Hr EURNZD may be grabbing liquidity before dropping and breaking below ~$1.74 before another larger leg higher. Downside target: ~$1.7260 to ~$1.7200 Upside targets from low: ~$1.7950

MC_Mike_Trading

TF: D Possible for a quick spike to grab liquidity above $0.6740, then another down leg to around $0.6700 to $0.6715 before another leg higher. Depending on the Federal Interest Rate outcomes this year, USD may be good to sell. Really dependent on the rates though, so keep an eye on those for 2024.

MC_Mike_Trading

TF: D BCH rejected at the $290 to $330 range back in June 2023. This area of rejection aligns with the VAL of the previous bear market. The pair has been consolidating for several months, for any further upside the pair needs to break and hold above VAL for further upside. On the downside if price fails at the VAL and breaks below ~$210, then price may retest the...

MC_Mike_Trading

TF: 12 Hr Couple different scenarios for VARA/USD: 1. Price is testing a previous volume area from the last bullish wave to the upside + 0.618 retracement area of that upside move. 2. If price fails here a move to ~$0.064 may occur. Price will need to likely hold this area for continued upside. This area is the previous bullish moves POC + 0.786 retracement level

MC_Mike_Trading

TF: W A possible correction to ~$0.00225 may be coming soon to the AMP/USD pair. Price rejected from a historical major volume node/POC after several weeks of upside movement. Price may correct to the moves 0.618 retracement level. This area aligns with the last down waves major volume node/POC. A retest and hold of this area would help confirm future bullish...

MC_Mike_Trading

TF: 4 hr If you are a trend line trader, then NZDCAD might be setting up for a trend line bounce around $0.8280. Keep an eye on price action to see if it shows signs of bouncing in that area.

MC_Mike_Trading

TF: W Pretty interesting set-up on VETUSD. Volume profile of the last bull trend (~$0.0018 up to ~$0.28) shows the POC of that move to be ~$0.019. Taking the volume profile of the current bear trend (~$0.28 down to current price) shows that POC to be ~$0.018 to $0.019. There has been high volume historically in this general area and price has been currently...

MC_Mike_Trading

TF: 16 Hr AU might pop above the VWMA here before pulling back a little. I think price is looking higher for a correction up to ~$0.6480 to ~$0.6500

MC_Mike_Trading

TF: 1 Hr GU has been in a complex sideways correction. Looking at volume profile for the correction (Oct .4th to today) and also applying a separate volume profile to the wave to the downside that occurred in London and continued in the NY session today, shows that price has landed right on the POC for the correction (Oct. 4th to today) and also the today's down...

MC_Mike_Trading Updated 

TF: D GBPJPY looks like it may make another small leg down before a move higher to break the recent tops before a larger correction to the downside on higher time frames