Liquiditypool
EurUsd 4/8/19LAst week I shouldve posted it, but price reacted positively to an OB and liquidity pocket, didn't get an entry there, but looking to make an entry based off of a simple break and retest.
CadJpy 4/7/19Cadjpy isn't my strongest of pairs, i just want to see if price will follow the rules of the market, the trade conflicts with other pairs so i will not be taking it personally.
Bitcoin Price Has Failed to Overcome These Points Repeatedly
Bitcoin price has been performing well recently. The last three weekly candles have closed with increases recorded and this week has brought the price of bitcoin back above $4000 and looks likely to close with an increase.
But bitcoin has risen to a point that it has failed to overcome time and time again. Since March of 2018, the price has failed to overcome a downward trendline it has tested on numerous occasions. The last significant test of the downward trendline was in November where price failing to overcome the trendline resulted in a depreciation of almost 50%.
Price is once again approaching this point and has been exhibiting similar behaviour to price action leading up to the November drop. Price has been consolidating since December forming both lower highs and higher lows. Similarly, the price was also consolidating forming both lower highs and higher lows in the months leading up to November. This may not mean that price is going to react in the same way but it does mean that the downward trendline deserves to be monitored.
Price has also found seller liquidity on numerous times over the past few months between $4070 and $4250. We will be looking to enter a short position just below this territory at $4060 if the price can continue to rise to this point. We are setting our stop loss above this territory at $4290. We have set this just below $4300 as there can be more significant slippage at psychological points such as prices with round numbers like $4300. Our profit target will be $3780 which will be just above the FTA we expect at $3768. Price has met support at $3768 numerous times over the past week. This trade gives us a risk to reward ratio of 1.22 meaning this trade needs to be right at least 45% of the time to be profitable.
Some further reasons we are taking this trade:
Price is trading at the monthly 50 EMA which it had failed to close above when the February monthly candle closed. Selling pressure came in to bring the price back below this point before February finished. The monthly RSI is also trading near all-time lows showing selling pressure has been high.
Price is also trading at the 200 EMA which seems to have acted as resistance on numerous times.
We will keep you good folks updated on whether this trade becomes active and how we manage it if it does. Let us know your thoughts in the comments and check out our newsletter to get analysis straight to your inbox.
Are we setting up for another big bitcoin drop?The recent consolidation we are seeing has brought the downward trendline which resulted in price breaking down in November back into my attention.
Price had mostly been consolidating for October to November of 2018 before depreciating around 50%.
We are seeing something similar at the moment with price consolidating and forming higher lows and lower highs.
The trend line may not come into play and may not be relevant since the November breakdown but it is something that I am going to be aware of.
The key resistance level I am currently monitoring is from $4150 to $4250 where the price has found seller liquidity on numerous occasions already.
Let me know in the comments if you feel the trendline from 2018 is still relevant.
Bitcoin vs. Silver -$5800 incoming- about to surprise everyone!If you like my work make sure to hit that like & follow button as it really motivates me! Comments are always appreciated.
Let's dive into it. I'm sure you have seen many Bitcoin/Gold comparisons before. But did you already see a comparison between Bitcoin and Silver? If not, here it is.
BTC/USD is a 4D chart & XAG/USD (Silver) a 4hr chart. We can clearly see that the market structure is quite similar, even RSI levels match. A never ending clean supprt broken, followed by an expansion down & consolidation afterwards, making a Higher-High and a Lower-High. Both trendlines are here to visualize a Low-HigherLow structure.
Seems quite similar, huh?
Guess what, BTC/USD is right at the exact RSI level as when XAG/USD (Silver) pumped towards it's clean support that turned into resistance after expanding down. As highlighted, we have an inverted hammer on both charts.
I'm not going to dive into the fundamental details too much but there are a few things that could influence this:
- CBOE-VanEck ETF countdown for a decision whether the physically-backed Bitcoin ETF get's approved, delayed or even denied restarted on 19th of February. A decision has to be made within 45-days.
- Bakkt platform confirms other partnerships beside Starbucks & Microsoft.
- NASDAQ BTC-Futures come out of nothing (the initial plan was to launch them in Q1 19')
Overall we still have a huge liquidity void between $4400 - $5800 that I expect us to clear out. No TA for that needed. This comparison should show that the odds for a BTC pump towards 5800-6200 are very good.
Not too technical today, just a pure market-structure comparison!
Stay tuned and don't forget to leave a like & follow if you like my work!
EUR/JPY Long with 5.1 R/R - bullish Orderblock + OTEDear Traders all around the world!
EUR/JPY is currently approaching a bullish OB right where OTE is. Along with that, we have support from the hourly 200-EMA .
Overall targetting for EQ of a liquidity void above our previous two swing-highs.
Note : A 4hr close above 126.720 is needed in order to reach our target. If we don't manage to do that, I'd take profit at this level.
Making use of 126.217 as a Stop-Loss here.
GBPNZD SHORTX marks the Spot.
For a Bearish Price Action,
I'm looking to open a SELL position on a retracement to 1.90780 Supply Zone with Stops just above the previous bullish candle's High. I expect more SELLing in the coming weeks.
For a Bullish Price Action, a break above 1.94509 and I expect a move to test the 2.05085 Resistance. This is quite unlikely.
I am more bearish than bullish on the cross.
1st Target at 1.81340
2nd Target at 1.73558
EURUSDX marks the Spot.
For a Bullish Price Action, Still in the Range. We head back to 1.14750. We need to close above this Range to begin full Distribution. Daily is much clearer as it shows the False break above. We need a Weekly Close above 1.14750.
For a Bearish Price Action, we break below 1.13000 and we may see 1.12000.
I remain Bullish on this pair.
1st Target at 1.14750.
2nd Target at 1.18000.
$BTC #Marketmaker liquidity engineering explained Classic MM liquidity engineering
if we close this candle with this long wick down, it's a buy signal
still bullish imo, no support have been broken so far
GBPJPY SHORTX marks the Spot.
For a Bearish Price Action,
We may most likely head back down in the coming weeks as the Yen strengthens and pound bulls become exhausted.
For a Bullish Price Action, a break above 145 Resistance zone on the Weekly and we may likely see 149.500.
I am more bearish than bullish on the cross. Target at 139.800
GOLD BUYX marks the Spot.
For a Bullish Price Action, I expect this metal to continue its slow climb Higher.
1st Target at 1300
2nd Target at 1365.
For a Bearish Price Action, a close below 1236 and I will be looking to open a SELL position. Target at 1196
I'll be looking to BUY every pullback above 1236. I remain Bullish on this commodity.
USDCHF SHORTX marks the Spot.
For a Bullish Price Action, I still expect some BUYing around 0.97800 Demand zone. This will be short-lived.
For a Bearish Price Action, Liquidity has been tapped up to the 1.00900 region.
I expect further SELLing pressure in the coming weeks.
A break below 0.98000 and I'll be looking to SELL every Rally.
1st Target at 0.95400
2nd Target at 0.91900
I am more Bearish than Bullish on this pair.
GBPUSD LONGX marks the Spot.
For a Bullish Price Action, I expect Cable Bulls to resume control in the coming weeks.
1st Target at 1.33000
2nd Target at 1.43500
For a Bearish Price Action, If we don't hold 1.26000, next target will be 1.20400.
My bias is Bullish so long as we stay above 1.26000
CADCHF LONGX marks the Spot.
For a Bullish Price Action, I expect Higher Prices in the coming weeks. I'll be looking to BUY any significant pullback. Target at 0.77200
For a Bearish Price Action, I expect a slight rejection at the 0.73950 minor Resistance. This will be quickly faded.
I remain Bullish on this pair. Look to BUY every pullback.
EURCAD SHORTX marks the Spot.
For a Bullish Price Action, I expected price to close above 1.53650 to show bullish continuation. We had a failed breakout. I am now bearish.
For a Bearish Price Action, I flipped my bias to Bearish after last week's close showed price tapping into liquidity at 1.55843 (previous High) and then closing back below. I expect lower prices in the coming weeks and will be looking to SELL rallies. 1st Target at 1.44550.
2nd Target at 1.37850.
GBPCAD SHORTX marks the Spot.
For a Bearish Price Action, I posted last week on a Bullish setup on this pair, but we had a failed breakout on this cross as Bears drove it back down into the Range. I'm skeptic about taking a SELL as the previous candles are showing Higher lows. If we do break out of the Local Low, look for 1.58380 to scale first profit. 2nd Target at 1.54885
For a Bullish Price Action, A close back UP, reactivates my Bullish setup.
I am neutral on this pair.
NZDCAD SHORTX marks the Spot.
For a Bullish Price Action, we may experience some BUYing around 0.88300 and target the previous weekly High.
For a Bearish Price Action, I expect we continue SELLing down to the 0.83260 region where we meet Weekly Demand. I expect lower prices in the coming weeks and will be looking to SELL rallies.
1st Target at 0.88311.
2nd Target at 0.83290.
I remain Bullish on this pair.
USDCAD SHORTX marks the Spot.
For a Bullish Price Action, I expect a push and close back up above the 1.32890. This is unlikely as it appears the bulls are exhausted.
For a Bearish Price Action, I will be looking to open a SELL position at 1.32900.
1st Target at 1.27800
2nd Target at 1.25400
I am more Bearish on this pair in the coming weeks.
$BTC short term biaisIf MM have reach the liquidity pool below the last low running all those stops and forming this long wick down, why would they bring back the price to that level?
They will not bring the price lower unless/until they took the liquidity above the previous local high imo
Bearish XXXJPY Scenario (USDJPY)Anticipating a move up to liquidity to capture stops (stop losses of sellers and buy stops for those who have been following the obvious uptrend) before seeing a price reversal.
This opportunity can be planned out as greater than 3:1 reward to risk and may be something we see across other Yen pairs due to the upcoming BOJ fundamentals.
This idea however is a low risk sell scenario based upon technical analysis.
This analysis is not meant to substitute as financial advice.
Trading involves risk, and you are responsible for the outcome if you choose to act on this trade idea.
Stay Safe!
I've personally placed a sell limit and it will be reevaluated if it has not been filled by Tuesday's IML TV Session at 12pm EST
My order details:
Sell Limit 109.900
Stop Loss of 20 Pips ~ remember to factor in broker spread etc.
Zone Hopping (ETH)Hi Team! Welcome to today's update on Ethereum.
We've seen some signficant bearish price action in the last few days once we broke the wedge that was forming above the half quarter level of 150. Price dropped to the key support area at 116-120 and although it was respected... We are now seeing similar price action forming at the 125 quarter level. If we compare an equally measured move from what happened last time to what we might expect to see, the possibility of ETH revisiting 100 again is becoming greater with every day that passes.
It's also important to note that the anticipated Constantinople update has been delayed due to a massive potential security flaw.
I won't discount the possibility of a short lived bullish liquidity capture up towards our 38.2% fibonacci near the $140 price due to the nature of these volatile markets however my bias as of now remains with further bearish expectations for this particular asset.
This analysis is not meant to constitute as financial advice, please use risk management and trade/invest at your own risk!
Stay safe in these volatile markets friends,
Z ~
Bearish Moves Are Still On The Table? (BTC)Hi Team! Welcome to today's update on the world of Bitcoin.
We have seen quite a few flags forming recently and lots of respect of the 3750 quarter level with the price action that has happened. Although I will not count out the possibility of seeing a movement up to 3860-3900 as this is the liquidity capture scenario we looked at yesterday... it is becoming increasingly likely that we can expect to see a movement of price down to 3500!
On the chart are a few trendlines that have been acting as reliable technical indicators as well as our zones of significance in relation to support and resistance. We have a large bearish candlestick from the previous week to consider and even though January 15's daily chart gave us a bullish engulfing candlestick... it was immediately met with resistance from sellers and the following day closed bearish.
Cryptocurrency on a macro level is still in a bearish environment so if you're looking for opportunities - be mindful that there is still downside risk!
This analysis is not meant to constitute as financial advice, please use risk management and trade/invest at your own risk!
Stay safe in these volatile markets friends,
Z ~
