After a grab of liquidity at the 1.06 area and recovery of Daily Orderblock, I am expecting a swift retracement in price to levels outlined in the chart.
Based on the longer term Delta and short term convergence, massive short liquidations above and wave analysis, i can pretty confidently say that we should see some decent upside from 18750. Broken low would be invalidation. Upper range targets as high as 28k
Seems like the immediate bear scenario is a much more probable play here. In combination with lower volume, another rejection to below 50k and an ascending wedge pattern on both the 1 and 4 hour timeframes, there is a 75% chance of a correction to the 48.3k area and if support is broken there, a good chance to see 46.k before another 50k attempt. Apex of larger...
All details are in chart. Looking at a bit of a bearish bias though. Only time will tell.
This layout has everything you'll need for price action trading. All custom settings with included indicators. ( Trendlines, pivot points, bollinger bands, RSI Divergence, VMC-Cipher, Money-Miner with custom settings and bar colors. - This setup is absolutely awesome for scalping and intraday trading. It only has useful moving averages and indicators and...
Based on failure of lower low from last higher tf "M" pattern, upon break of upper trendline we can forcast a target of 42.5k. This may lead to the relief rally that has been expected. This is mostly speculation at this point due to the last break out failure.
This charting setup works amazing on all timeframes. The goal was to pack as much USEFUL information into the chart as possible, without it being confusing, staying easy to use and read and being visually pleasing. Modified indicators are as follows - 1. Divergence for many v4 2. Suite and dashboard w/ inputs for S&R, Bollinger heatmap, fib retracements, 9,21,50...
If the past indicates future results at all, take a long and set a stop. Get ready to blast off