False ETF news gives bitcoin a boost: Crypto markets were frenzied on Tuesday after Cointelegraph posted an unconfirmed tweet that the SEC had approved a spot bitcoin ETF. Bitcoin prices jumped over $2,000 USD in minutes before the news was deemed false. GBTC discount to NAV continues to tighten: The discount between shares of Grayscale’s Bitcoin Trust...
Recently, the market has created equal highs in the 25k area, where there is also a daily supply level. This indicates that there is strong resistance in this area, and that buyers have struggled to push the price higher. However, there is potential for the market to grab new liquidity from the 22-23k area, where there is a 0.786 Fibonacci level. This level is...
Storyline: GU is currently in a bearish condition and has been that way for a minute. Basically the whole year so far. Last week price action initiated a sell for the continuation of the trend. Price is currently moving off a weekly OB and headed for 1.03720 which is the -sell side liquidity that lies below the previous range swing low. Follow for...
The price is testing the monthly support on the 0.618 Fibonacci level. The Market has two demand zones. The first one between 30k and 20k, and the price could grab the new liquidity around the 23k for the reverse trade. The second one is between 16000$ and 12000$. How approach on it? If the price is going to grab the new liquidity from the 23k demand zone, we...
Yo guys, welcome to the channel Hawkeye Charting. Todays altcoin: BNB Enjoy watching the video :) No BS like bullflags. No Asking: when moon? Always referring to the current state of psychology and what the market maker aims to do next. Pointing out the major trend on Elliott Waves. Peace Disclaimer: No financial advice! All content is for information and...
The Nasdaq has been full on bearish for January which is in line with it's seasonal tendency and as such I'm anticipating further downward movement this week into the imbalances below. Though there's also a possibility of a pull back to clear buyside liquidity before continuing down into the imbalalnces. Have to wait to see.
USD/CHF - Potential Crab Pattern Forming on LTF, HTF we have a double bottom forming (Not confirmed until we get a neckline break so right now i'm analyzing price based on LTF price action/structure. We have a lot of imbalance left over from the weekly pushes and the D point lands on a strong OB (Which will potentially make a nice sell too whilst also covering...
Good afternoon ladies and gents, What a week it has been. Lots of beautiful setups all week on many dollar based pairs. Whilst all of that has been going on, I've been sniping entries on Gold in preparation for the reversal that will take place soon. The Monthly & Weekly Orderflow on this pair is Bullish. Despite the sharp drop after FOMC last week, the bias...
As retail traders, we have the luxury of entering and exiting any position with ease - the size of our trades are not large enough to affect the market whatsoever. Now put yourself in the shoes of a bank, a multi-billion dollar fund - any type of institutional trader. You want to go long $2 billion dollars on a stock, a forex pair, a cryptocurrency - in doing so...
I have a limit order set to sell USDCAD at an untagged liquidity pool that previously led to a break in market structure via a new low.
Selling EURJPY at a recent, untagged liquidity pool that led to a break in market structure via a new low being formed.
Possible buy on GBPUSD.Previous low(1.27282)was taken out as price moved pass the liquidity pool to hit stoploss orders and collect sellstop orders.Will be watching the 1.22000 and 1.20000 price zones and wait to see how the week will close.
You would argue this is "simple" to spot (liquidity pools) because it is a hindsight 20/20 type analysis. I tell you what : Just simple mark weekly high/low and monday high/low, see how many times price have broken it and only to bounce back. I am not saying price moves like that always but with little context (i.e looking at liquidity pools, sentiment analysis,...