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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 ~
BITFINEX:ETHUSD
by ZacharyHogan
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 ~
BITFINEX:BTCUSD
by ZacharyHogan
4
COPPER time to buy? Bull-Steam Ahead! COPPER: After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely not a time to be selling. Look for corrections on smaller time frames to go long. Hope that helps :) Trade with care folks! ~Price Action Nation
OANDA:XCUUSDLong
by PriceActionNation
ALL GAPS FILLED ON BITCOIN CME FUTURES: EASY MONEYSince futures trading began in December of 2017, no gap has gone unfilled in the futures trading market. To me, this could mean one main thing - Institutional traders are in fact here, and they are winning big. They are hedging their spot positions in BTC with options to guarantee profitability. Whether or not my interpretation of this theory is true, the fact remains that price has gravitated back toward any liquidity gaps that have appeared in the BTC futures trading. The maximum amount of time for this phenomenon to play out has been 1 month. It is Sunday and Bitcoin is dropping. If it closes Sunday below $3500, a significant gap will have appeared. A trade strategy here could be going long below $3500 and waiting for the gap to be filled at a later date.
CME:BTC1!
by scottystu
USDCAD SHORTX marks the Spot. For a Bullish Price Action, I still expect more UPside this week on the Loonie with final Target at 1.38000. We may experience some BUYing around the 1.32900 region. I expect this to be short-lived. For a Bearish Price Action, I will be looking to open a SELL position at 1.38000. 1st Target at 1.27800 2nd Target at 1.25400 3rd Target at 1.22400 4th Target at 1.20700 I am neutral on this pair this Week UNTIL 1.38000 is hit OR price shows a reversal.
Short
by TradeAce
COPPER time to go long. Bull-steam ahead!After major lows were taken out finding liquidity, it opened up the gates for the bulls to charge ahead. Major bullish engulfing on the daily showcases the immense amount of bullish strength currently for Copper. Expecting Copper to at least re-test the top of the range and even break higher. At these prices Copper seems to be at quite the discount. Definitely not a time to be selling. Look for corrections on smaller time frames to go long. Hope that helps :) Trade with care folks! ~Price Action Nation
OANDA:XCUUSDLong
by PriceActionNation