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STRBTC Market ReviewA daily summary of the previous day’s market activity and review of current state of market on Cryptos. Analysis Daily Time Frame read On the daily TF after the price breached the green ray we are in overall buyer’s territory. STR is not sober right now. No pullback from buyers, bulls are moving aggressively. I see no entry to buy now, I don’t like chasing the market if you chase you will die. Be patient and wait for the market to give opportunity to buy. 240H Time Frame read On the 240H after price breached the orange line we got some pull back as selling happened, we had a entry right above the orange line and broke the resistance and stays above. No trade atm and if we get a pull back to the nearest resistance i.e 0.000044 then by looking at the price action then I can enter the trade. Entries, Exits If price comes down to the nearest S&R i.e 0.000044 Sats then by looking at the price action there I can do a sell or buy. If price comes do slowly there is a chance for buy and if price comes down aggressively then there is less chance from me to buy unless and until I see further price action. Aggressive Entries and Stop loss If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade once the price comes down to the nearest S&R i.e 0.000044 Sats. SL below the wick. Conservative Entries If you are conservative in nature then you can enter the trade one we get pullback to the orange line and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick or Green line. If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy. Risk Management • If you are an aggressive trader you can risk 2% of your capital on this trade. Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. • If you are a Conservative trader you can risk 1% of your capital on this trade. Wider SL below the wick under the green Ray. Position Size should be calculated based on 1% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. Trade Management • Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries). Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries). What can go wrong with the market? If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will
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by ReddyShyamShankar
DASHBTC Market AnalysisA daily summary of the previous day’s market activity and review of current state of market on Cryptos. Analysis Daily Time Frame read On the daily TF after the price breached the green ray we are in overall buyer’s territory and I could see the momentum of buyers is slowing down as they face a resistance near the 0.085 Sats and we got a pull back to do some other buys. I can’t see a buy rite away but I have a bullish perspective and bearish perspective towards this pair. Let’s see how price is behaving on 240H. 240H Time Frame read On the 240H we can see price is hovering around orange Ray, which acted as a support before and now holding strongly and it took many hours for the price to decide which direction it has to go when correlating with BTC it has strength and thus Dash has weakness, thought this quote currency has weakness it is holding strong near the support. I anticipate buying is coming up. Entries, Exits Entry can be above 0.080 Sats and target can be 0.09 Sats. Entries and exits are tentative I am just reviews the market how it can perform. Aggressive Entries and Stop loss If you are quite aggressive in nature and don’t want to lose few Sats then you can enter the trade now and. SL below the wick. Conservative Entries If you are conservative in nature then you can enter the trade one we get pullback to the 0.08 Sats and then leaves a wick at the bottom, come up aggressively and then holds there for a bit and then making a miniature HH then you can enter the trade and SL below the wick. If price don’t come until there leave the trade let it go off, why buying so high. We need pullbacks to buy. Risk Management • If you are an aggressive trader you can risk 2% of your capital on this trade. Tight SL below green ray. Position Size should be calculated based on 2% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. • If you are a Conservative trader you can risk 1% of your capital on this trade. Wider SL below the wick under the green Ray. Position Size should be calculated based on 1% of the capital/SL by Sats. RR should be at least 1:2; I am not specifying any targets as of now because the entry is speculative atm. HODL overnight not more than that because BTC market is speculative atm. Trade Management • Remove 50% of your profit once you make 5% on your investment and make SL to ‘0’ (Aggressive and Conservative entries). Add few more position once you see a HH and struggling sellers in between the green ray and orange ray (Only conservative entries). What can go wrong with the market? If BTC have good strength then trade might go in opposite direction n only once or two candles and comes right back up thus stop hinting will take plac
by ReddyShyamShankar
EUR/USD: Long term Volume Profile analysisThere has been a strong buying activity on the EUR/USD since the start of the year. Institutions were clearly adding to their long long positions and pushing the price to new highs. In my prediction, I identify places where most of the institutions placed their long positions. Those places are easily spotted with a yearly Market Profile which shows volumes of positions they entered. If there is a pullback to a place where lot of institutions have their long positions, these institutions will defend their positions and they will intervene aggressively. This mean that they will initiate another strong and aggressive activity to shift the price higher once again. After the ECB meeting on Thursday there was also pretty strong selling activity. For that reason I published a more risky short trade with tighter SL. The logic behind this short trade is that there were some pretty massive volumes placed in the market right before the strong sell-off. This could be a sigh of strong sellers accumulating their selling positions and pushing the price lower. Again – if there is a pullback, those sellers will try and defend their short positions and they will start aggressive selling to try and push the price lower.
by Trader_Dale