Possible reversal of price action. Aiming the lows. let's see if we get it.
Change of structure is evident. FVG can be seen and the price is resisted by the Orderblock. The movement is sideways now. either this moves in a big MOVE UPwards, (because obviously the trend is up now.) Or this might be a good time to flush noob traders to panic sell their positions. I think i don't have high conviction on this, but fuck it let's short...
LTF showing Change of structure. Looking for a bounce before continuation of downward move.
No big news today. The price action looks weak and consolidating. The next liquidity to be drawn is the 1 HR FVG.
Liquidity Above is taken out. The price is holding under the order block, can be seen as a resistance. Because there is no FVGs, it's not a High conviction area to short. However, the risk to reward ratio seems good (3:1). Seems like it's consolidating right now, and I feel that the real move will come tonight NEWS 9.30pm Durable Goods Orders m/m 11.00pm CB...
S&P , NASDAQ Keep rising rising with weak momentum Looks like liquidity grabbing a.k.a stop loss hunting Early shorters will get chopped here and there. But eventually, we will drop with a "BOOM" and "they" will make a new fancy & creative story to explain to the herds. But nevertheless, we chartist, just abide by the law of psychology, we see the price is...
3D Bearish Divergence What can go wrong? Expect some volatility chop chop and some 'catalyst' to make the drop happen. who knows? i only think in probabilities, nothing matters.
Will it be this simple? or are we expected to see more chops and stop loss hunts..?? Well,, its for the market maker to "decide". But I sense blood.
Gold over 2K. Seems like a range top to me. Bearish Divergence is there too. TIme is money? yea if you hold some short. I'm seeing the Silver has already broken down. And I'm seeing gold shillings in the newspapers. USD strengthen, Higher risk free interest rates,, Why do you hold gold that doesn't pay you any cash flow? I learnt that when stock market...
Deviated, and retested. Pumped during weekend without others. Means can dump solo. Short term, it looks kind of choppy in a tight range However, bigger picture shows a big flush is imminent. 1570. 1570. 1570. see you there. I'm going to study for my FRM exam tomorrow. Bye now.
LTF: Higher Low - Higher Low - Higher Low HTF: Higher Low, Complacency What if I am right? See you @ 1,600s. Till then, I will be away, studying for my frm part 1 exam.
CRYPTOCAP:LTC to range lows. The whole chart looks very distributive in a bigger picture. Need to flush down. EMAs aligned towards downward movement. Big movement is coming. Stop loss is tight.
-Currently, trying to break the orderblock resistance, if broken, local top will be broken. -If it is NOT (my trade thesis), it will be likely pay the price by dumping towards $24,200. Green - Accumulation ( sizing up ) Red - Manipulation ( to squeeze early shorters and attract noob traders) Blue - Expansion ( to realise profit )
The price action has been pure UP only without taking out liquidity for stop loss orders. We will see a cascade of the liquidation in simple A-B-C correction. ENJOY.
Currently in wave 4 within wave 5 extension A/B/C < C wave Shorting the C wave before the FVG Aiming for the support below.
Market Structure Break Targeting the Range High Upbit Listing Let's go!
H&S forming, 4H Bearish Divergence BTC looks weak worth a shot
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