
Expectation: I think we will see the GKL push us down a little bit. Which would be in my Oppinion a dream case since that would enable us to build another strong upwards Sequence.
Expectation: I do not expect the activation of the Orange Sequence, as we are still successfully holding the overarching Red Sequence. The range spike at the bottom also signals a move to the upside. Potential breakout?
With perfectly finishing our light blue sequence inside our weekly (purple) turning area, I believe the downtrend is over, and we climb higher in the long run. However, I'm waiting for a pullback to enter a position, mapped out the trade for you. Will first TP at $232
ETH is currently following its older brother BTC in its down trending yellow sequence (shared my BTC setup the other day) and is approaching our red marked turning zone of 3.3-3.0k where we will hopefully find the necessary momentum to break upwards into our first TP Zone of around 4.5k. I'll keep you guys posted!
Sadly, we didn't get entry for this leg down. However, we reacted perfectly in my previously discussed target area and created an MSS while grabbing some bottom side Liquidity. However, in my Opinion there is plenty of liquidity left to take from the bottom side, aligning with my red marked high timeframe turning area. This is how I'm looking to play this short....
Looking forward to entering a short here (blue box) which would bring us down to at least the second blue box and therefore take out the range lows liquidity (fat white lines)
Since we couldnt reach my bottom side target (fat white line & 4hr 200ema) there is imo no market structure shift that would justify further htf shorts here. Also with us reaching the minimum target for our blue mini sequence i see its time for a correction. Looking at that green box here for longs into the second blue/ first green target. Lets see if we can take...
Personally, I want to see us reacting here and a small corrective move into the 2985 area (Yellow Box & daily level) and then breakout into the 3300's
DXY reacted as expected on the 0.559 Fibonacci together with its EMA retest. Indicating it's looking for further highs. My Expectation here would be or -0.309 Retracement resistance. This upwards move is indicating quite hard times for all assets valued in US-Dollar, especially looking at you crypto.
Not really much to explain here. Gann Box and Bibonacci tool alinging perfect on entry and exit. Imo definetly worth a shot. Send it back down after.
With Bitcoin aproaching new highs im confident the altcoins will follow soon. A great example would be TIA here reacting beautifully out of our High timeframe retracement levels. In my oppinion its not to late to accumulate spot / low leverage positions. Once we break clean above point A the sequence is activated and the rally is set to go.
In order to activate our Sequence here we need a clean break above Point A. Will we see it this week? Breakout imminent in my oppinon
We hit our Daily correction zone before the marked closed last friday, therefore a massive selloff was triggered. At the same time that activated our bearish ABC Sequence, looking forward to a run up into the red box and then further selling pressure followed by new lows this week
As mentioned in yesterdays quick rundown, EU came back down where it is looking for some strenght to finally break the downtrend. The correction zone i marked is where i look for longs, target would be the original sequence target, invalidation of my idea is marked aswell. Stay safe yall, happy pips!
Since Eu didnt want to correct after hitting our Turning area i anticipate its collecting liquidity in preperation for a bigger dump. Here are the key levels (grey boxex) im watching. Currently in no position. However we will enter SHORT when we tap into our topside box and when we correct down we will open LONG to fullfill the current ABC sequence or even start a...
First off sorry i didnt post yesterday Tradingview wasnt working in the morning. Now for our BTC idea, we fullfilled now our white ABC Sequence and hit the light blue Turning Area, from there BTC wasnt able to get a proper correction, resulting in a further dump. Now we are in a for me scary situation i dont wanna take a trade in, im looking to long out of our...
Following up my analysis of yesterday, we now reached our orange BC Box and got filled SHORT; therefore i canceled all longs. My Target for now is reaching the Orange TA area.
We got filled over night and are now positioned LONG, my main Target is the white Correction Level (CL) considering we have a unfilled price area in the same area, i can see a small pullback towards our entry zone here (Grey box) but my overall bias is bullish.