Just a quick update on ETHUSD. You can see from the previous analysis that associated price action pushed all the way to the supply zone and is at a critical decision stage. If price can push through this area (red arrow) and then breakthrough and retest we can see further price levels at previous highs. If the price can't break through the demand zone below is...
I am looking for the market to continue its bullish run from last week. I believe we are going to see the market push lower and then rebound back up to the top 4H zone.
Looking to use the 5 AM candle as the "inside bar" candle to look for trade ideas. The overall expectation is Bullish, but I do expect a correction so ideally, I would like to see price wick off the 152.125 price area down to the bottom of the 5 AM candle and then shoot up to the green path. If not, prepared as well to take the red path if bullish momentum is no...
You can see that we are back to that previous 4H zone and the price is having a hard time breaching that level (200 MA) is right above. If there isn't sufficient to change the momentum, my previous bearish bias still stands. The green path is what is least expected, the red path is what is (overall) expected. The bottom Zone edge or Baseline of that zone are...
Refer back to the previous chart and updates. Price hit. Now look to the next level for price to reach.
Missed an earlier retest of this at the top of the hour 2000 ET 7/18/21, looking for a retest of the area for my Buy Limit to kick in. There are 3 TP areas I have of interest.
I like to use these charts to get an overall feel for investor sentiment when trading/investing in these markets. I believe having future's pricing data available gives us some insight into whether we are in a Risk On/Risk Off environment. Right now, compared to a few weeks ago we see some changes across the board. BTC is below a key weekly level (below Daily...
Looking to enter a short at this level (Swing trade). Trade Idea Entry Criteria (retest/exhaustion wick) at the key PF Fib level then take it down to the AOI BL. Confirmation will be seen at the FxAST RSI.
This is a chart I trade off for EU and there are some interesting things happening where MS levels have been made that coincide with key Fib levels. If you look at the lower TF you can see some interesting Key Fib levels at the weekly and daily level as well that coincide with what the market is doing at this level. History goes all the way back to the early...
Looking at this from an EW perspective and what could be possible with associated price action. Bias is still bearish with other analyses.
Just an update from what I shared last week on these long-term trades. Bias is still bearish. I will update if something changes my original analysis.
Further confirmation to the original post and looking at 1712 from where we are at. I do take notice of Cloud Span A starting to curve northward. Right now everything is still pointing to bearish control.
Looking for price to push up to 1775 and then downward past 4H low. Another potential to head north into the 4H supply zone.