Bullish Inside Day Failure on the Daily confirmed
Entering on a pullback to the last high pre break out with the target the upper range of the inside day
Good Luck!
Bullish Daily bias based on inside day failure and hammer forming right on the level.
Entering on the last high pre break out and playing it to the next level.
The highs at 1208 were taken out
Spiked into the fresh 4H supply zone
Shorting the retest of the 1204-1205 zone with stops just below the supply zone
Good Luck!
Price has entered fresh supply zone which I was looking to short.
Unfortunately I did not leave a limit order open and I missed the price tapping into the supply zone 30 mins ago.
If I don't get filled, I'll just move onto the next one :)
Good Luck!
Watching how price reacts to the marked high
If price takes out the high and spikes into the fresh supply zone I will be going short with a stop just above the supply zone.
Stops were raided on 1.30408
Price spiked into a daily supply zone from 1.305-1.306 and was rejected accordingly
Zooming in on lower time frames - Demand zones are being engulfed while supply zones are forming
I'm looking for additional downside - at least to fill that void from 1.29-1.30.
Good Luck!
Has been sitting in accumulation for a little while now.
Showed some strength by printing a higher low and is about to print a higher high.
Buying a retrace towards the lower end of the highlighted box.
-Blue boxes show areas that have been engulfed
-Orange boxes are fresh supply/demand zones
-Price appears to be flagging towards the Supply zone above it - This is a very strong supply zone so it will be interesting to see what happens
-Lots of demand zones underneath price to keep it up
Observing how price action plays out closer to the supply zone - we could...
Monthly:
-Price retested the monthly support around 6388 and it bounced off
-Next area of resistance is 7800
Weekly:
-Price has been making lower highs since the peak but it's printed the first equal low (printed the first higher low on other exchanges)
-Either way, the lows are almost equal. That COULD possibly mean potential reversal signs as the bulls are...
Just going to wait patiently until price either reaches the fresh supply at 1.31 or the fresh demand at 1.272.
Price action at those levels will determine whether to take a trade or not
Another coin I like that has been sitting in accumulation for a while.
Failing to print a lower low makes me think we break these highs very soon.
Will be buying on a retrace into the box.
-Weekly Directional Bias is to sell (18 EMA > 9 EMA)
-Daily Directional Bias is to sell (18 EMA > 9 EMA)
-Daily Bearish Orderblock in Purple
-1 Hour Bearish Orderblock in Blue
-Price has retraced nicely back into the 0.705 re tracement level
Staggering shorts from 1.13939 to 1.14051 - stops just above 1.14327
Weekly:
Demand Level around 3657-4664 - Rating of 5.5/8
Supply Level around 8809-9954 - Rating 5.5/8
Daily:
Demand level around 4699-4883 - Rating of 7/8
Supply Level around - 9025 - 9444 - Rating of 3.5/8
Supply level around - 9602 - 9937 - Rating of 3.5/8
Supply Level around - 11006-11689 - Rating of 7/8
Who knows if the "bottom" is in yet. However, there...
Weekly:
Bearish Outlook given:
-18 EMA Above 9 EMA
-Retesting the 5800-6200 level for the 3rd time. Levels become weaker the more they are tested during a short period of time as there are less buyers/sellers each time
Daily:
-18 EMA crossing 9 EMA to the upside shows a change to a bearish bias on 5 August
-Given higher time frame bias I'd only look for sells....
Fresh Demand Zone based on the 4 Hourly chart from 6683-6732 which is currently being tested.
Expecting a bounce and will be going long here.
Stop just above 6600.
Fresh Demand Zone from 6736-6769 on the 1H, I am expecting at least a short term bounce off that level if we get there.
Similarly, a fresh supply zone on the 1H from 7237 to 72881, I am expecting at least a short term pull back off that level if we get there.
Patiently Waiting to see how this unfolds
Converging 9 and 18 EMA + symmetrical triangle suggests incoming volatility
Given the strength and short term bullishness in BTC I would be inclined to lean towards the upside
Has spent a bit of time in the Bullish Orderblock - looks primed for an upward move from here
