PEOPLEUSDT URGENT Update - We're in a critical area!!BYBIT:PEOPLEUSDT
BINANCE:PEOPLEUSDT
KUCOIN:PEOPLEUSDT
People Crypto Coin URGENT UPDATE
PEOPLEUSDT is at a critical Fib Golden Pocket area. Price could bounce here or break down. I give you my analysis and how I'm trading this.
A pennant has developed - the video explains scenarios for trading it and I look at a few areas of confluence.
I look at a TPO chart and explain the reasoning for how I'm trading this today.
The 30m Imbalance chart is possibly telling us what is ahead.
Tight stops if you are entering at this region. Place stops in profit as soon as you can. The lower the risk, the better
Not Financial Advice. DYOR. Papertrade before trading with real money.
Imbalance
GBPUSD - Supply or Demand ⁉️Here are my zones and levels for this morning, please update them as you go through the day.
Bears are likely to push price past the Asian low to fill the remaining imbalance (Blue Box) before returning to the supply gap.
In my mind, there is no way that we will see bullish continuations until this blue box is filled so I will avoid trading at this current demand and focus on the zones below.
I am open to trading both the supply and demand but I certainly won't be taking any trades between them.
Be careful trading around round numbers, this is where we tend to see some manipulation because retail is using these levels as areas of support and resistance.
We have no real high impact news events today so we can trade freely.
Have a great day traders 🚀
BTC The Bigger Picture...here is my bigger picture look on BTC, I think we are perfectly capable of coming lower to fill out the FVG/Imbalances on the weekly chart or at least attempt to target them. I think the small pump was a fakeout to get buyers to jump in and then they will go and sweep last weeks low and fill out the imbalances.
FVGs are present on the daily as well for confluence.
The incoming buy volume is very low on the weekly and daily. This isn't giving me much confidence in a reversal.
Keep a mental note with you that we may come to attack the 20k support. There is Imbalance and a bullish OB there, so it is a strong case for a target area.
If we continue to drop lower I will take this Opportunity to start stacking more fundamentally strong projects in particular more XRP, XLM and ALGO for my long term holds. DCA into positions is the most effective and safe way to accumulate and get your ideal entry.
RSI hitting support, though bear markets historically have seen the weekly RSI drop below 30 for multiple weeks. So expect alts could lose another 20-50% in value if that happens.
IMBALANCE ORDER- FILLED!Yesterday EU went Parabolic and didn't give anyone else a chance to get in at those prices.
So this morning price is FILLING IMBALANCES.
This chart illustrates this every day move in real time.
The Market goes up.
The Market goes down.
The Market goes sideways.
3 moves.
Price moves to fill
1. Imbalances
2. Liquidity
Our job is to identify these moves and formulate strategies to help us Capitalize on the Money Moves aka Trends out of Consolidation and Ranging Zones.
Never over leverage.
Trust your trade set up.
Have fun!
LUNA, Whats your thoughts?I'm confident on this (Might time to get back up or it might bang, depends on who's behind it and their intentions)
Lets see how it plays but this for me especially with the higher timeframe crab there completed, liquidity swiped/along with the inefficient price action/ the recession and all the fear in the market at the moment seems a perfect time for a manipulated reset.. I'm in all the way here!
Lets goo!
Potential Reward Far-out weighs the risk for me!
GBPJPY: The Head & Shoulders TrapDon't be fooled by this pretty head and shoulders pattern because it is most likely a trap to lure sellers into the market before price bounces from a demand planted below it.
Once the fair value gaps have been filled, the price is likely to utilise the demand to travel to the remaining imbalance at the top of the move.
Do you think this is likely? 🚀
GBPUSD: Pick Your Side 🚨Price continues to travel within a tight range.
The market makers have done a great job of setting up liquidity to be hunted during the US CPI data at 13:30 PM (GMT+1) today.
Both the supply and demand zones we have been working with over the last few days have become weaker and weaker.
The question is what side will go first?
We will need to study the London session to get a clear picture of where price is likely to travel during the news event - React don't predict.
What do you guys think? Let me know in the comment section below. 💬
POTENTIAL SELL ON US30Price has potential to move lower from the retest of the minute 5 timeframe sell zone, wait for bearish price action to confirm the move.
⁉️ How to identify imbalances? ‼️ Imbalances are also known as inefficiencies or FVG (Fair Value Gaps) these are periods in price action whereby means of lopsided order flow, which create porous wakes or gaps in fills. The market will slip to the only available trade levels as a result of thin liquidity and these voids in liquidity will be revisited at a later stage. The market will seek to fill in any missing gaps or missed levels on a trade. Impulse price swings are typically seen with this voids in liquidity. In simple terms imbalances are gaps in the market and the market will always seek in to close or fill those gaps.
US30 POTENTIAL SHORTSPrice has a potential for the downside upon the retest of the previously formed bearish orderblock.Wait for your own confirmations to confirm the move.