anpeixi

anpeixi Updated 

Last trade didn't work out well. Price retraced further (out of our stop-loss) before hitting our profit target. Market looks like it was ranging, not trending yet. Looks like we entered too early. Never mind, we try again. BINANCE:BTCUSDTPERP Daily Chart (analysis): Trend shows recent retracement from downward movement to the 0.5 Fib level - at around $40k,...

anpeixi Updated 

Starting this series mostly for myself to reflect on - but welcome other's comments as well. BINANCE:BTCUSDTPERP Double ABCD pattern can be seen forming on the 1H chart. End of ABCD corresponds with previous strong demand zone. RSI breaking under 50 showing momentum in favour of sellers. Looking to enter on the retracement: We enter just before previous...

anpeixi Updated 

BINANCE:ETHUSDTPERP Bearish vibes in the market, still more room to drop (has not yet hit major demand zone). A good entry would be the 0.618 fib level, this corresponds to the previous supply zone, and closer to 89-day EMA. Although demand zone is further below, we are happy with a RR of 3. We're also quite late to the party, downtrend looks like it is...

anpeixi Updated 

BINANCE:BTCUSDTPERP We observer two large movements downwards, both followed by consolidation periods. Key resistance touched twice on 1H chart, so we anticipate some possible movement upwards. Like the previous pattern, this could be a sign of another fake out upwards, then breakdown. We set a trade to enter near the 0.5 fib retracement of the previous...