hi , as u can see on Weekly timeframe BTC has a great block ahead . recently price made its way into the block but now is rejected and all this week move , was only a retrace into it , so what happens now ? as u might have already guess , SHORT on BTC seems acceptable , but ! if price goes in and out of this block in the upcoming weeks , and kinda plays with...
well hi again , although i usually don't trade any other markets than crypto , but ; at this moment , if u go into stock screener tab and look at #AAPL , u will find it's technical analysis to be "^BUY " but i dont think so , as it apears to me i see a head and shoulder pattern forming here , and i now predict a ITH at 169.70 point were then i think we will go...
you might wonder , now that we had some good bullish days , will it keep going ? well in long-term yes , i officially claim that bull market is over , BUT ; in Short-term , i still believe after such high volatile bearish market that almost took one year and half to finally finish , now bitcoin needs a lot of LIQUIDITY for the bull run we all expect . but how...
JUST LOOK AT IT !! as i said before the block above price now was there for a long time !! but these days there has been too many attempts to not only reach into it , but break above it , but price failed again and again ! so what now ?? so if i want to give u the old technimant ideology , its a clean break and retrace . but !! as i have seen this thing...
so as i indicated here , we have 4 phases in each economic cycle : 1- expansion : it happens when the masses believe in future this asset will come in handy or valuable . so as the rally already started by those who joined earlier cause of their connections now retailers enter this market . 2- peak : its the very place that first by whales distributing and...
as you can see here , i was short on BTC , but it touched my SL before hitting my target . but why ? as u may have already figured out , it was because i used the wrong order block . now i'm going to introduce my IDEAL ORDER BLOCK that can work not only in crypto , but in all markets . an order block is a zone which has a high chance of price retesting...
as chart indicates , Intermediate time highs and lows has a lot to offer to those who hear carefully ! ITH is between two STH , and its used to find the most recent trends , while LTH is in between two ITH , and its used to find key levels with (where liquidity rests) so next time in ur analysis look at these parameters . goodluck,Hamid