Last weeks high: $28152.7 Last weeks low: $26737.6 Midpoint: $25322.5 When compared to last weeks outlook, we had what basically looked like a heartbeat monitor in price action. A flatline with a big pulse in the middle of the week from the midpoint then to weekly low, then high then straight back to the midpoint. Now when looking at the previous weeks price...
Quote by @I_Am_The_ICT via Twitter “An ICT Event Horizon PD Array - Halfway between a NWOG and the closest NWOG is my Event Horizon. It will not allow price to escape the draw to the NWOG & it will create a surge towards the NWOG it got too "close" to but yet reached.” Noted New Week Opening Gaps (NWOG) using cryptonnnite’s script (Keyword search “weekly” in...
above 4200 im looking to get short i think the market drops another 25% from here thats pretty much it
In Monthly, you can see current price at almost-pinbar candle shadow. But, the Low price is lower than previous, and no strong rejection at mid point of shadow. Looking at Daily pinbar break, nearest visible demand zone is at H4. At M5, you can see the rectangle I mark at supply zone. This entry idea actually late, but R:R still reasonable.
Evening Traders, Today’s Analysis – QTUMBTC – Testing range midpoint in an extended descending channel , PA is at trend pivot . Breaking bullish will establish a potential right shoulder, breaking bearish will make the immediate target, range support. Points to consider, - Trend trading in a channel - Midpoint (Local support) - Range resistance (neckline...
Evening Traders, Today’s Analysis – USDJPY – Impulse move into daily support with an oversold bounce recovery. A swing low failure in the RSI will show strength, immediate target will then be range resistance. Points to consider, - Trend oversold bounce - Range support retest - Resistance confluence (200&21 MA, Range Mid-Point) - RSI below 50...
I originally posted this setup on Oct. 30 (linked). It took FOREVER to reach the anticipated reversal zone but today's capitulation sell-off finally completed this wave. I can only imagine how negative sentiment is today on social media and such, so the mood and despair for the bulls also creates good conditions for a major bottom here. Note to self: sideways...
Plot the Moving Average of the Daily Price Mid Point for shot periods of time. Great to give an idea if the daily price trend is below the daily curve or above the daily curve to give early indication of price momentum.