ZRX market structure tradingZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on this with caution. If it doesn't bounce at current price levels, and cannot breach above 9791 satoshis should see accelerated selling once again towards the red line which is where i'll be taking profits. You can ultimately take profits inside the green zone, but I will be playing it safe and taking profits at the red line which is where an old high of a volume spike (buying pressure) is located.
TLDR: Neutral until price dips below the pink box, will then short until prices reaches the red line located at the top of the green box labeled "target zone".
Buying
Large insider buy filing in AMRBayou City Energy Management LLC increased their ownership by 12%. They purchased 422,000 shares worth $2,065,360 at an average price of $4.89. At the moment of filing the shares were priced at $4.74. Take profit at 8%, stop loss at 10%, close automatically after 14 days.
PTLA Very large buy by on InsiderI like charts that look like this with insider buying.
It seems ripe to reverse trend.
Tread you path
eurusd Outlookin upcoming week, first we will be looking for Short opportunity in any Rally to the Up side .
2nd we will be looking for Buying Opportunity on pull backs in the hope of Perfect Reversal Pattern from the Down side .
Overall we will have both opportunities in this pair in coming week .
best of luck !
MXWL Insider tradingThey already made about 10% but so many insiders buying at the bottom it has to mean something.
Looks like a bit of consolidation then hopefully shoot up.
Tread your path
DXY Dollar Index Next Trade Point Monday: Buy Dip back to 95.53 DXY Dollar Index
The dollar broke above the 95.53 line on Friday on DXY chart and surged to within 4 pips of the next line at 96.49 by the end of the day before halting.
It's a little overbought and should come off from here back to retest the 95.53 line before rallying once again.
At some point fairly soon it should go on to break above the 96.49 line and move up to the next line of resistance at 97.83.
This chart is usually the best confirming indicator there is for timing tops and bottoms across the Dollar pairs.
Large insider buying in SBBP starting on July 18thLarge insider buying in SBBP started on July 18th and more on July 23rd. Bullish signal!
UPDATE BUBBLE IMPLODINGIt makes already 4 months that bubble is imploding and we are now approaching an important zone for the trend of BTC in next months.
This graph isn't a logaritchmic one but it doens't change anything. The first important thing to develop is that BTC is near the important zone that will determinate if it's going down or up. We just knew a bounce on the support and we can expect that it will touch the resistance (yellow).
It's also nice to see that the golden death cross (SMA 50 crossing SMA 200) didn't occure and moreover a divergence between the two courbes slowly appears.
If BTC breaks the resistance, it will give us a buying chance. If it brokes the resistance, we can expect more down.
This idea is valid for almost all the "big" cryptos. In fact, all are following more or less the same way.
Litecoin: LTCUSD Far Eastern Interest Returning / DominatingLitecoin: LTCUSD Far Eastern Interest Returns
Timings on LTC show strong far East interest re-emerging.
That surge of green on 14th began at midnight gmt/19:00est
just before markets opened up as early birds caught the worm
and price began to fly high through two lines of old resistance
before topping out at the 233 line, at 21:00est just 30 or so
minutes after far Eastern markets had all opened are strong
clues. These markets are still in overall control of this coin
and their returning interest has to be good for LTC longer
term.
But in shorter term Litecoin is unwinding an overbought
condition by trading sideways in the range dominated by
resistance at 233-237 at the top and two lines of support at
215 and 207 at the bottom of the range. But very nearterm
support lies at 223 which must hold if it's to avoid rinsing off
back to 216-215 during the course of the day if buying interest
continues to wane - and may get forced back to 207-206 at
worst if 215 in turn gives way later today - but if so look to
add as these levels are touched in the quiet period leading up
to midnight gmt/19:00est. Alternatively, should these lower
levels not get touched and LTC can hold up all day at 223 and
above it can be bought on a successful breach of the little
dynamic resistance line running above price on this chart with
stops below the same line, just under 223 if the break occurs
sooner than midnight gmt/19:00est.