Equilibrium
USDCHF Medium/High probability longMicroeconomic explanation of price movement. We have a nice long opportunity here
GBPUSD Short opportunity (medium probability)We have a medium probability short opportunity here. Those who are familiar with microeconomics knows how to read the supply and demand in relation to our reference equilibrium. Explanation on the chart
Bitcoin (2020-01-24) Forces of Supply and Demand are BalancedBearish Case: Head and Shoulders -- continuation to $7,900
Bullish Case: Falling Wedge -- breakout to $9,200
AUDUSD Good shorting opportunityShort opp on AUDUSD after demand has been met at supply is showing surplus above EQ
USDJPY Very good short opportunityHere we have a short opportunity for USDJPY based on the laws of supply demand, shifts of the supply/demand curve in relation to current Equilibrium status
CGC Key Structural Resistance| Higher Lows| EquilibriumHello traders,
Today’s chart update will be on CGC where a trend chance is upon fruition if key levels are broken (Inverse head and shoulders still valid from previous chart – linked)
Points to consider
- Higher lows evident
- Major support at POC
- Structural resistance yet to break
- Stochastics in upper regions
- RSI bouncing off support
- EMA’s holding support
- Volume declining
- Equilibrium probable
CGC has put in consecutive higher lows as trend change comes close to fruition. Major support is found at the POC, strong level with buy pressure as volume of transactions peaked. This is a must hold level for the bulls in order to keep a bullish bias.
Staunched structural resistance in confluence with the .50 Fibonacci is a critical level in the trend that CGC must break to establish a higher high.
The stochastics is currently in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. RSI is currently bouncing of support, an established trend line, a break will increase the probability of testing lower levels.
EMA’s are currently holding CGC support, must hold true when structural resistance is broken. Volume is declining, signalling a move is imminent in either direction, bearish and or bullish.
Overall, in my opinion, CGC has a probable equilibrium forming near key structural resistance which has been tested multiple times. The more times a level is tested the higher the probability of it breaking, which in this case will confirm the trend change.
What are your thoughts?
Please leave a like and comment,
And remember,
“Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”
― Yvan Byeajee,
LINK PennantIt would make sense to be forming a large pennant pattern after the run Chainlink has had in 2019. I expect it to go for a re-test of the upper trendline if we see some bullish price action from Bitcoin. The 2 red resistance lines are the major resistances I'm watching on this move up. I would expect some bigger consolidation after touching one of them. There is large downside risk as we could stay within the pennant fairly easily even with a 10+% move down. Keep that in mind and remember to set a stop if you are making an entry.
XTZ Tightening RangeClean tightening range or equilibrium pattern. 3 major things can happen,
1. It'll continue to tighten the range and we'll just wait for it start breaking lines.
2. It'll begin breaking supports and we should watch for it to hold one of them on the way down, but we're in risky territory. The longer we don't hold above $1.40(which is where a large long term patterns resistance has formed) the bigger chance we have of going all the way back down to the bottom support line of that same long term pattern. Over time of course. Not immediately. Though we could see a big drop down, maybe back towards $1.10.
3. It'll start breaking resistances and I think the key here is confirming larger time-frames(4h, 12hr, 1d) over those resistances otherwise we'll just keep wicking back under them. Also looking for it to consolidate and hold previous resistance as support will be notable.
Thanks for checking out my idea! Drop me a like if you found it helpful or interesting. Remember to protect your money and take this idea with a grain of salt.
BTC Update! Continued resistance zone. Possible equilibrium?Quick update. We saw the initial pop off our lows and price action getting above the EMAs to then ultimately fail and come right back below. From there we saw our low set at $7080 and the bulls give a nice solid pump yesterday up right to the top of our resistance zone at $7775. They then gave nearly all of it back but technically set a higher low by $6 at $7086. So essentially we have a double bottom the bulls want to protect. We hit $7490 thus far which could be our lower high compared to $7775 and give way to an equilibrium which would likely break by tomorrow. Ideally would like the bulls to set the lower high a bit higher up and into the high $7500's to give more breathing room and space to tighten the pattern up for another higher low.
Ultimately tho, bulls need to start showing they can hold EMAs as support and start their stair step upwards otherwise the EMAs and this resistance zone will continue to cause problems.
Just My 2 Sats!
BITCOIN CONSOLIDATION PATTERN | MULTI-MONTH PRICE FORECASTI believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation.
Price in equilibrium pattern as it gets squeezed over the coming months
RSI projection is heavily bearish
200WMA forecasted to intercept upwards sloping trend line for potential pivot point
Monthly MACD cross over, heavily bearish forecast for the coming months.
Conclusion: Bullish momentum halted for the short and medium term. Price to consolidate & volatility to weaken over the coming month(s). Price to swing and pivot between trend lines and squeeze before breaking out to the upside.
EWZ Equilibrium Equilibrium underway on EWZ. POC currently set on support. Will be watching for a push past POC, 50 EMA and 200 SMA to the top of the EQ. If price can do so, i will reevaluate volume profile once closer to resistance and watch for the inevitable break to either side. If price cannot push past, we may break bearish and work to 36.66 support.
EurNzd Shorts! Possible FALL In The Week?With my daily and weekly bias being bearish I analyzed H2 EURNZD to find an entry! Found something exciting... a double three elliott complex pullback coming to an end with some fibo confluence. Plus possibly a Wyckoff redistribution cycle coming also to an end and D1 range equilibrium to be broken. So a sell limit is being set BUT i will monitor price very closely. It is very likely we shoot for 1.73500 for a UTAD and then drop. What are your thoughts and your analysis on this pair?
Drop a comment if you have a different idea.
Bitcoin - Imminent 30 min Equilibrium Break ~ Live UpdateGreat news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders.
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
NEOBTC Trend Change| Pennant Formation| New Higher Low!Hello Traders!
Today’s chart update will be on NEOBTC after having a massive bull break from local lows, NEO is currently are trading in an equilibrium coming into its apex of this pennant. Will NEO put in a new higher low before continuing this new trend?
Points to consider,
- Trend broke lower low structure
- Local support in confluence with .618 Fibonacci
- Local resistance is where price topped out
- RSI trading in overbought territory
- Stochastics currently flat
- EMA’s turned bullish from initial break
- Volume declining
The structure of NEO has completely changed with this recent pump, negating the bearish trend of lower lows. Multiple resistance levels have been broken leaving the price consolidating looking to correct, which will be healthy for the price as this will put in a local higher low.
Local support is in confluence with the .618 Fibonacci level, price is highly probable to retrace to this level if a bear break comes to fruition from the pennant. Local resistance however is where price topped out from the initial bull break. This is an important area for the bulls to break in the next impulse move up to confirm the bull trend.
The RSI is currently overbought, a correction in the price back to the .618 Fibonacci level will cool this indicator off, back to neutral territory. The stochastics however is quite flat, no clear direction until we have a decisive break from the pennant.
EMA’s are currently bullish but is yet to meet price, it must hold price as support to confirm a bull break from this pennant. Volume is key to watch as it is rapidly declining, this signals that a break is imminent in either direction, which will be confirmed with an influx of bull and or bearish volume.
Overall, In My Opinion, we have a clear equilibrium forming, trading close to its apex. A break is imminent which has to be back with strong volume as it is visibly declining. A retracement back to the .618 Fibonacci is probable and will be very healthy for the trend; this will allow NEO to put in a new higher low as well as cool of indicators such as the RSI.
What are your thoughts on NEO?
Please Leave a like and comment,
And remember,
“You can lose your opinion of you can lose your money.” – Adam Grimes
BTC Update! Can bulls hold $8900?We waited a few days to let the dust settle as expected. Volume dropped off and price action has slowed considerably. We were watching for a higher low ideally above $8500 last post with 9k being a level to watch. Thus far $8917 is our higher low. From there BTC began entering an equilibrium which did have a bear break yesterday after briefly tightening up within the equilibrium. EMAs have now caught up and waiting to see what direction this moves. Would like bulls to hold the $8917 low but they continue to flirt within this $9000-9200 area with an inability to shift towards higher levels thus far. Keep a watch on volume as weekend nears as now that things have settled down, I do expect a move to occur rather than just a slow drift downwards or upwards.
Just My 2 Sats!
Bitcoin - So you are saying there is a chance...Great news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next week!!
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
Bitcoin - "Paying the Price" ~ A Monthly LookGreat news! Our enTHUZed TradingView channel has been selected to take part in beta testing for the next video feature - live video streaming on TradingView. This feature will allow us to broadcast in real time and the audience will be able to engage live via chat. Think of it as Twitch for traders. I am told we will be one of the first channels going live next week!!
I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
DAILY BTCWe couldn't reach the maximum target at 880, the daily 200 MA reversed the price and print a doji. We are now in a range of equilibrium, which could give us more lower lows.
I still have stacked my order till 6k, thew worst case in took in consideration.
Btw i wanna quote this :
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
Bitcoin - Zoom Out ~ Deep Dive 9/24/19I focus on providing live education and support to those interested in trading, Cryptocurrencies, and Blockchain technology. You will learn charting techniques, technical analysis, and the most popular cryptocurrencies for trading. My content is ideally suited for beginner to intermediate level traders.
BTC Massive Consolidation - Trade StrategyI've been trading BTC for years at this point. I have seen many equilibrium patterns play out. This particular BTC EQ pattern is one of the largest I have seen. It will break. In Bitcoin, market contraction leads to market expansion. There is no telling if it will go upwards or downwards. The most important thing to do is be in a position to react appropriately to the direction it moves in.
It should be noted, the RSI is Bearish in nature currently after setting up a series of lower lows.
Always remember, BTC is a LONG-TERM hold. Regardless of how this pattern breaks, this short term price action will be forgotten soon enough.
Your goal is to collect more BTC in all scenarios. #StackSats
BTC Update! Bulls tire out. Higher lows fail and down comes BTC!
We saw a near perfect example of traders rushing to the exits on a loss of our higher lows. Following the same stair stepping up with new higher lows each day BTC was forming. We did have a bit of a sideways action and some may have decided $10,630 was a higher low and lost yesterday with a break down to $10,555. I personally did not have $10,630 as the higher low due to price action being more sideways and not giving the typical lower high and lower low pattern on smaller time frames to confirm anything for me. $10,555 became the higher low I watch. I then set my stop loss before bed a few dollars under this level and slept comfortably knowing it was a profitable trade even if I got stopped out. I zoomed in here on 15 min chart and the yellow line indicates the higher low level traders were watching. Once we finally broke it early this morning, we saw an immediate flush down and find ourselves testing $10k.
So I am safely back to cash, profits locked up rather than holding through that drop. They don't always play out perfectly as trading does not guarantee anything. Trading is a probabilities game. And the probability of price dropping on the loss of higher lows is significant. So now we zoom out to daily chart. $10,953 is our lower high on daily. $9,470 is our must hold on daily. Anything above $9,470 will put us in an equilibrium so potential for scaling back into positions here soon for me and utilizing $9,470 as a stop loss. I'd like to see bears get one more leg down just to decrease my risk but price did bounce right off a Fibonacci line so now bulls need to prove themselves and start with some higher highs and higher lows on smaller time frames (think 15 minutes). Otherwise I'll sit patiently in cash and just wait.
Just My 2 Sats!
LINKUSD EQUILIBRIUM BREAK COMING 8/14/19Link USD on the Daily has been in this Equilibrium pattern for sometime now and we should be breaking out of this pattern by the end of the week or beginning of next.
