USD is displaying a temporary weakness across the pairs. Hence taking advantage of the US election day volatility by shorting it against a strong currency; the Swiss franc
Trying to pick up #bitcoin buys at the bottom of potential multidays range after sell side liquidity is showing some interest right at the most recent daily consolidation(accumulation) level; aiming for brand New highs.
I do see the buys having trouble to perform from price behaviour (showing lack of desperation, enthusiasm and #fading from the buyers). And so I am reversing my previous long position (booked at break *check last post update*) for a short because I am suspecting they might want to grab it at a lower price before aiming for a higher one Just like they did last time.
Buyers got their better price. A continuation move is expected. The market psychology is still in denial phase while the longs accumulated are unfolding without precedents.
Are we once again at a point where everyone's hope for a bullish reversal has grown to a certain maturity. The more emotions involved into a move, the more decisions people take. But most people are not good at taking decisions; that's why they are followers. And followers are the late comers. They pay the highest/lower price before liquidation. Don't be...
Shorting Bitcoin for the second time after stop loss got hit . I understood there wasn't enough liquidity on the sell side so they(smart money) inflated price to spike most position going in the same direction as them. Now 24777 look like a pretty solid anchor after sellers showed interest giving more potential to the downside. 18k ish here we come.
Once again buyers liquidity seem to be fading in an overall bearish momentum. Bitcoin is heavily bought by people who consider the price above 30k as hope for further pump. Yet once again theses orders are more likely to end up as exit liquidity for the big players who are on the sell side. To sell they needed people willing to buy. Ans now appear to be a good...
There seem to be enough people turning buyers to sell. On socials everybody is buying and making money. SM has probably a lot to offload into this. This position opportunity is probably going to be to last major one before months... Now I am expecting a lower low. We are probably going lower that 35k on the long term. Let's see. Market psychology seem to be fuel...
Do I have this time enough buyers to sell to? Last time I sold without enough liquidity. But now for sure I can tell many are turning buyers and the buying momentum is fading.
In an overall downtrending market, intraday charts are showing a developing distribution zone. The sellers probably have enough buyers to sell to. I don't expect the 40k prices to be revisited. That's why a stop loss is set right there.
USD is extremely weak today and i am relying on the NFP release to carry us further in a continuation motion. Session: New York
I am shorting intraday The Euro for some Kiwi which i believe is about to gain a short term momentum due to the long term sellers of the Daily who need a better price to add to their positions. The volatility indicator is *Medium* ASIA Session
The Pound is displaying a General Strenght accross the pairs and the CAD is temporary weak. My trade coincides with the London session opening with an anticipation of some volume even though the volatility indicator is still relatively flat.
I see some sellers interest in NZD and EUR Has interest rates to be released in less than an hour. Trying to take advantage of the volatility by getting involved in the currency
Multiple days highs broken with the Australian Dollar closing today with some gains after a long period of pullback
I am suspecting the Australian Dollar is running out of steam while the pound strenght is in play. This is just an entry based on an idea that a pullback is going to start for the aud
USD Flow is in broad accumulation. The plan is Trying to pick up the top of the H4 range and cashing out before the Point of control. New York session Call
The Euro is weak and CHF seems to be gaining power. How steep will the fall be on this one?