Easy play here with the Fed hike news. Short-term trade as I still think there is more down side to see.
I made a post (linked below) not too long along saying $17,777 was my magic number to buy BTC. So far it's looking damn good to me! Since then I have discovered price spread and how it can help determine levels of strong support and resistance. I've been using this strategy with Wyckoff and Market Maker strategies on the smaller time frames and have had nothing...
Looks like we have an impulse wave with a first wave extension. After possibly another small move down, I think BTC should be making a move up to complete Wave 3. Still lots of liquidity to grab below. Better learn how to take your profit, because they will always come back to get it Moon boys and girls...muahahaha! Do you believe in magic?
A little messy, but makes sense to me. Looking for another pump to $30,444-$30,888 zone (if it happens) then a sell off. The US Dollar looks bullish and has plenty of liquidity to grab above before it goes down, which means BTC could drop. Lots of retail traders thinking Bitcoin is ready to pump, perfect time for market makers to pump and dump. Green fib levels or...
It's a little messy but makes sense to me. I think US Dollar should reach target around $104. 3 bullish patterns identified. Green fib levels should have the most price action.
Symmetrical triangle formed and looking for a break out to upper resistance. This may just be a pullback for the head and shoulders pattern that was formed, as I do not think the pair has reached the target yet.
Made this last night and forgot to post. Possible redistribution in the works for the pair. Lime green candles = money for Market Makers (Institutions), so expect them to at least be recovered.
On the larger time frames the pair seems to be in a distribution pattern. If this is true, it may have just completed the final SOW and looks to forming an ascending broadening wedge to complete the UTAD or LPSY. A couple of other notables: -The past 2 years, the pair has been bullish between early to mid December and mid to late February. -On the indicator the...
Looks like the pair has formed a ascending broadening wedge. I added some lines that could serve as future resistance and support.
The pair broke out of the falling wedge and has retested break out point. Looking for possibly another small drop and then a significant move up to targets 1 and 2. The pair has also opened and stayed above last weeks low, and opened above yesterdays low, which makes my biased even more bullish.
I don't think the bears run is over yet. But this looks like a good opportunity to buy short term
Looks like the pair has formed a bearish pennant and may continue downward.
Looks like there's some money left on the table. The pair has formed a cup and handle, and Market Makers may make a bullish move to take out shorts. I think the pair will test last week's low and continue to move up to the targets.
Possible markup in the works. Correction phase is up next. Using fib retracements to project future targets.
This pair is approaching strong resistance. IF rejected, it could be playing out the shown distribution pattern. What are your thoughts?
XRPUSDT looks to be forming a mini accumulation phase to make a move up to complete the UTAD for the larger distribution phase.
Just messing around with some Wyckoff ideas and it seems to me that USDCAD is in distribution for the midterm, and could be looking to retest lower levels. For the long term it looks like it could be accumulating and ranging approximately between $1.20348-$1.26696, before breaking higher ground. Not taking the scribbles too seriously, just like to have some visuals.
Follow the red and green candles. If you can't beat them, join them. Red/Pink Candles = Market Makers selling/putting in longs Green/Blue Candles = Market Makers buying/putting in shorts Black/Gray Candles = Retail traders buying/selling Market Makers will always go back and get their money.