I would like to see price hold above $7400 and push higher, otherwise, we can see the probability of lower level when you look at $7200 it is clear pending liquidity which will be raided soon or later. There is two scenarios that we can play this week. Long if we reclaim $7600 and targets would be $8000 and $8400 levels. Short if we will reject $7600 and...
After almost 3-day consolidation Bitcoin Cash has chosen its direction. I would be longing from $192-189 and targeting $204-212 levels. Also, you can see when we first mentioned long Bitcoin Cash a week ago when we were assuming that we are now in Market Maker Buy Model (green rectangle from $204-212 which is a magnet for the price to push higher).
A lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if...
General Electric has reached a key daily and weekly resistance. It has already re-tested this resistance and I would like to use it as an opportunity. Now, if the price will have really weakness it should drop and filled a market gap at $9.70 which would be also our target. If there will be no strength in our resistance I will immediately cut this trade,...
BTC currently at H1 support. We will visit sell-side liquidity at $7120 very soon. If this will happen, then I will watch a $6800-6900 area for longs. I will change my bear bias if H1 would close above $7400 (by that would also close above 200MA).
If you are trading altcoins is important to check Bitcoin Dominance very often. It doesn't look good for Altcoins at all. Currently, BTC.D will be testing support at 70%. It can give some alt-window opportunities IF this support will break, if yes I will inform you about opportunities in altcoins or which altcoins look the strongest.
$DXY would like to see retracement and expansion toward $98, if this scenario will happen, then I am looking for shorts opportunities in $GBP, $EUR, and longs in $JPY $CAD. So the scenario from this idea is a little bit relief for GBP and Eur in the coming days and then sell off if this idea will be valid. Watchlist: GbpUsd, EurUsd, UsdJpy, UsdCad
Nothing has changed, still waiting to get out sell-side liquidity at $7000. Today we have just rejected at resistance on $7440 level and hourly close below it. Not a good sign. I would change my "shorting" bias if hourly will close above $7500. $6700-6900 levels look good as supports. If you are planning to take swing long in Bitcoin/USD (H1-4 timeframe)...
I have published idea about swing long on GbpUsd pair here: Our area has been re-tested and I have outlined for you targets where you can take off. I am also expecting some pressure of resistance at 1.32500 if we will reach the first target then move your stops into profit below the last low on LTF.
ETH does not look good (LTF + HTF). It had some space to show its strength during the first weeks in December. However, we have not seen any daily close above $138 level. I am expecting more blood in Ethereum in the coming weeks as well as Eth/Btc (its pair) is very week and is going to create new all-time low. I would certainly hedge here if you are not a...
If you are HODLing XRP I would not do that anymore. Always see a higher time frame, we can see there was not any signal for reversal. I am expecting more blood in the coming weeks to take out liquidity and also capitulation of most HODLers of XRP. My friend told me that HODLing in XRP brings a good RR nowaday. Yes, that's right but only in case, when you see...
It was a very tough year for price action analysis if you look at a weekly price. I am very excited about 2020. Next year will bring more clarity to price action especially to DXY, Eur, and GBP. I have analyzed here the weekly chart for EurUsd. When you look at it EurUsd has started a rally in 2017 and topped in 2018. During 2018 until the end of the 2019 price...
The high time frame is bearish because the price is re-testing/mitigating losses up to $1490-1500. I am HTF Bearish until $1500 will be reclaimed as support. Right now, I am waiting for more clarity. Do you want to long? Yes, wait for $1481 to be tested as support and have two main targets as $1490-1500. Do you wanna short? Yes you can, wait until $1480 is...
I have been analyzing altcoins today and I like Aeternity because shows some strength at the key pivot. Also, this coin can show some relief after an enormous downtrend. I am interested now and setup will be invalid if we are going to close below 1900 satoshis.
In our last analysis, we were predicting growth in price in ETH/USD and we had some nice relief from our support even though it has not touched as we were expecting. I am very curious if ETH can expand one more time to our final "Sell zone" area and will be monitoring how it will go from that level. I have outlined two scenarios, we can smash through this...
EurUsd does not look optimal for longing now. When you look at it, it has raided all liquidity above 1.115 and targeting now sell stops liquidity. I would like to short it here and targeting down candle before that enormous expansion, that would be our first target. If it will be weak (first support as our first target) only then I am targeting for a swing...
GbpUsd has broken through 47d long consolidation. I would like to see support hold and I will long for a swing play toward 1.4 where the price would fill inefficiency of the market as well as reach the bigger resistance.
Weekly chart - still not bullish until $7,800 is reclaimed - mitigation of losses, HTF bearish