BTC is showing 4 hr mixed signals, currently in a larger timeframe bearish flag pattern, price is compressing into Equilibrium without a clear trend. The Daily H&S back-tested neckline remains a key point of control.
BTC didnt hold the previous range but now we can see that BTC is at eq of the support zone and a weekly level, in jul' 21 we bounced on the eq as shown so are we going to do the same? Everybody waiting for the 0.618 39k zone so we could never touch it. Stoch RSI has bottomed too
Take a look at the price action and how the daily is used in conjunction with the M1 chart. Solid trading by none other than S.G. Gitty-up! 🤠
This is how I look at price. Maybe some might find value in what I point out. Price is everything!
Range Compression has continued through-out the day as price has yet to escape the gravity of the Bear Flag. A test of the lower bound has resulted in a return to EQ once again. A break of the lower bound has a bear back test on watch.
In the middle of the Doji's Range. Equilibrium has found BTC. Testing the Bear Flag Upper Bound.
Looking at the m1, it appears to be a text book Wycoff set up. I don't usually look for this set up, but it looks like it fits the bill. Let's see if we run for the equal highs.
losing the 5 min MBB, lost the 2 hour MBB - Bond prices and BTC spiking. Red Flags..
Good afternoon! Judging from where we've come from, beliefs are that price could continue a surge to the upside following either today's NYO or tomorrow's. Should price break out of the supply (then turned demand) zone of approximately 15440.00, we could see the NAS delivery another cracking move (similar again to the one seen on Monday of this week) to...
Good afternoon! We've been closely monitoring the NAS100 in anticipation of the breakout of the institutional liquidity pool sitting up at around the 15400.00 level. First however, we are expecting a price corrective and retest back inside the demand zone based at approximately 15200.00. Should this corrective take place and price decreases, it would certainly...
These are levels that I'll be keeping an eye on when dealing with Australian Dollar/Japanese Yen, and I'll revise as price action progresses. I adapt to the change in money flow.
With Current Bearish sentiment and news in the markets, I am expecting the Dow Jones to buy to sell this week. Personally, I have two potential points pf interest in which I have In mind. #1 (YELLOW ARROW) I see that price pushed down to purge buy side liquidity. if we do buy, buy I expect price to rebalance and find equilibrium only to sell and fill the...
Retesting support at the 2 hour MBB, price is forming a bit of a triangle/rising wedge as compression occurs after Friday's move. Resistance was found via wicks over the 2 hour UBB. A period of digestion after the first move into GP resistance is in order.
Long Term targets for USDCAD. Perfect Equal highs / Lows for the market to target. Both these highs and lows contain lots of liquidity resting in these specific areas as retailers and hedge funds are buying and selling at these levels. Both levels are expected to be reached. and potentially a huge manipulation to take out all uninformed traders. Look for PD...
Bitcoin managed to push away another attempt to break lower and climbed throughout the week. There's been statements going around by bitcoin market leaders to support Bitcoin and that they are holding and may buy more again. Nevertheless, this rebound could still be very temporary as the market is expecting a strong buyback at a much lower price and it probably...
RSI HIGH Back to equilibrium Short entry possibility (short-term)
The gold closed with a bearish weekly candle for the first time in 5 weeks amid a weakening dollar due to a weaker US labour market. The price was able to find support at the current equilibrium level and recovered quickly before the week ended. However, it was resisted at 61.8% of the Fibo level based on the most recent bearish wave which could potentially...