ifeanyichukwu_E

ifeanyichukwu_E

I don't trade cryptocurrency though, but this looks like a very good opportunity for price of Ethereum to take off to the green line at around $4,200

ifeanyichukwu_E

In as much as the markets are constantly dishing out opportunities, it is not recommended to allocate risk to a trade that is not in alignment with your model. Afterall, less is more and it truly is. In this case, there are only 3 options as traders that we all are, which is to Buy , Sell and then the last but not the least and the most important of them all, to...

ifeanyichukwu_E Updated 

I will be posting all my personal trades from now Let's see how this one goes

ifeanyichukwu_E

As usual, price have been on an expansion leg to the upside for quite sometime. And then it topped, before taking out the buyside liquidity and then just recently broke to the downside I want to see a retest into the 4hr FVG and then a continuation leg to the equal lows below current market price

ifeanyichukwu_E Updated 

Price of Ethereum is currently following my model. I am also more interested in being a buyer than a seller as can be seen from the analysis Therefore, my target for Ethereum is about $4k Let's see how this plays out

ifeanyichukwu_E

First, notice the way FOREXCOM:EURUSD and FOREXCOM:GBPUSD were acting at it's respective highs. It's a sign that price is about to reverse. EURUSD was not able to rally to the upside while GBPUSD rallied and took out the buyside liquidity and that is why the SMT with GBPUSD was formed. To confirm the SMT, price would have to break lower, which it did as I...

ifeanyichukwu_E

I am honestly surprised that the price of Bitcoin could reach all the way into the 59k region, I had already concluded that there was an SMT that would take price higher, but that is what trading is all about, isn't it? Now, after the Sell-side liquidity of bitcoin would be purged, this would induce short sellers into the market, this won't last long as I expect...

ifeanyichukwu_E

As seen from the chart, the price of Dollar is very bullish on the higher timeframe. Now that price have tapped into the weekly FVG and rejected perfectly to the upside I expect one of two things to happen that will make price to reach for higher prices 1. For price to take out the Previous week's low and then rally to the upside 2. For price to simply expand...

ifeanyichukwu_E Updated 

I do not see this week expanding, that is my opinion but if it does so then that is what we shall use to make profits. First, notice that the bulk of the month of April came from the second week of the month and then the third week consolidated. Meaning, after an expansion, a consolidation occurs. Ask yourself this, what comes after an consolidation? I would...

ifeanyichukwu_E Updated 

While everyone is bullish on FOREXCOM:EURUSD and FOREXCOM:GBPUSD , we will be looking for a leg lower. Why? Because the Higher timeframe dictates so Study my previous analysis on EURUSD Also, I would like to see price to reach into the sellside liquidity. Therefore, my target is below 1.0600

ifeanyichukwu_E Updated 

Now that the market price have reached into the Discount FVG on the daily timeframe, we could expect some longs to the upside My primary target is 1.4000 If you are a swing trader, I see this as a good opportunity to long as coupled with the fact that the Weekly timeframe supports the idea of a long on this pair As a day trader that I am, I will wait for...

ifeanyichukwu_E

Buyside Liquidity have been tagged, it remains the Sellside Liquidity I want to see a break below the highlighted swing low and then a break to the downside to confirm bearishness. Then I will look for shorts I want to see price at 1.22997

ifeanyichukwu_E Updated 

Based on purely Technical analysis, the price of Ethereum have taken the sellside liquidity. If you notice the Higher timeframe (the monthly Timeframe), you will notice that the price is currently extremely bullish and also price is currently sitting on the Monthly FVG, this makes the price action still strongly Bullish Also, the timing of the sells are not...

ifeanyichukwu_E Updated 

It should know that when the price of ETHBTC is on a downtrend, this generally signifies that Ethereum is weaker than Bitcoin(especially when Ethereum and Bitcoin are both Bearish). If ETHBTC is bullish, like the above chart, it signifies that Ethereum is stronger than that of Bitcoin. How does this chart affect the price of Bitcoin and Ethereum? It simply...

ifeanyichukwu_E Updated 

Price have hit the Weekly timeframe bearish OB and also forms an SMT with EU, I would expect further expansion to the downside into the Sellside liquidity at 1.25 level

ifeanyichukwu_E

I always look at the Higher timeframe charts before trying to reach a descision on whether I am bullish or bearish After careful observations, I am bullish on ADA Price takes out the buyside liquidity and then also takes out the sellside liquidity. Dumb money or investors/traders that lack experience will see that as a break to the downside and sell immaturely....

ifeanyichukwu_E

There are a lot of factors that made me to be strongly bullish to the upside from now #1 The technicals : The higher timeframe is still bullish. The monthly timeframe is bullish. There is also a Monthly FVG that price reacted from and the SMT that was made with Ethereum and was also validated by the break to the upside #2 The upcoming Halving : By simple logic...

ifeanyichukwu_E

The price of US500 is still bullish, both on the daily and also on the weekly timeframe. Price topped last week friday and then have been on a retracement since until price changed the direction yesterday by breaking market structure to the upside Notice that the lows of the week is also most likely to have been formed already and then broke above I want to see...