oliver1fraser

oliver1fraser

Volume still in range and looking to potentially bounce. 8.6 soon but first flip and hold 7.4

oliver1fraser

I think this provides a perfect example of how keeping things simple can make things a lot clearer. Only a matter of time before we see a breakout either way but until then, price continues to print sideways as it consolidates. The range of consolidation alone is around 6-7% which provides some quick easy trades in the meantime.

oliver1fraser

A1N is forming a common reversal pattern imo. Volume is showing a lot of strength yet price continues down further and further. For now It's probably best to stay on the sidelines, firstly we will wait to see how pa forms around the grey box.

oliver1fraser

It's easy to get caught up in all the hype around interest rate cuts and thinking of all the money that will start flowing back into smaller caps and risk assets in general. Taking a look back at the 3 previous periods of easing rates, we can see that this isn't necessarily the case. This graph is overlaying US cash rates as I believe it's a bit of an early...

oliver1fraser

As stated in my previous post on JP225, I continued to monitor volume closely. Here we can see volume start to consolidate sideways whiles price continued down, personally I find this the most accurate and reliable way to find good opportunities to trade.

oliver1fraser

Lots of liquidity sweeps but sentiment is bullish overall.

oliver1fraser

The DXY looks like it could start to break down below 100. If we get a weekly close below the grey box I think we see stocks and crypto perform very well. FED interest rate decision coming up as well this week with markets expecting a cut in rates, combined with DXY breaking down, would be cause for a strong move up in markets. We could however, see a hard landing...

oliver1fraser

As you can see the grey box is a clear area of liquidity for both holding support and resistance. Flip the grey box and we see a good move up imo. This happens to sit right near the 0.5 retracement which is also a very important level of interest. I will continue to monitor volume closely as it is compressing into a narrow channel and it is only a matter of time...

oliver1fraser

Very important candle being formed. Volume continues to make higher highs and higher lows on multiple timeframes.

oliver1fraser

Volume continues to stay flat whilst price continues down by 5 percent! I smell a pump...

oliver1fraser

Would only be interested in opening a position once price reclaims the grey box. Nothing complicated.

oliver1fraser

Here we we see a classic early reversal signal. Volume is starting to form a bottom and show strength whilst price continues down. Considering this is visible on multiple timeframes, and price is at previous historic low, I feel this scenario has a good chance of playing out.

oliver1fraser

Placed an order at $1.064 once price had already swept the low, price came back down and filled perfectly on the retest. You can see RSI and OBV showing a change in volume and momentum to the upside before price does.

oliver1fraser

Both OBV and RSI show weakness as price makes a higher high, this is a perfect indication of a trend reversal. OBV (on balance volume) measures buying and selling pressure, RSI (relative strength index) measures the momentum of price. Combining these 2 indicators allows you to identify a change in the market before price does.

oliver1fraser

LINK/BTC at bottom of range. Any dips below will be free money imo

oliver1fraser

Drew this idea out in late April and forgot about it. I didn't get in on this trade, however it provides a great example of how volatile altcoins can be. 77% over 20 days or so and then all the way back down in less than 2 weeks... I think this coin will see a mega pump soon

oliver1fraser

A closer look into where the altcoin market might be going next on the 12 hour chart

oliver1fraser

LINK remains one of the safest bets in crypto imo. It's one of very few altcoins with a legitimate and useful purpose. It will allow tokenisation of traditional asset classes and instant integration with popular blockchain networks, overhauling and upgrading the slow moving traditional way of buying, selling and holding assets. SWIFT are also currently working...