BITCOIN POTENTIAL LONG SCENARIOHi Everyone.
Thanks for reading my post.
Looking at the current price level that BITCOIN has pierced through which is the Low of 28850. This is a Bold INTERMEDIATE DOWN TREND LOW and piercing slightly below it to 26700 and recovering back above it has open a significant door to Long Opportunity.
I believe BTC is a Long term UPTREND and we have hit a level that if held i.e 28850 as it is currently holding am calling a BUY OPPORTUNITY IN the BTC to at least 39K to 40K region in the near term.
Couple with the fact that the last 2 weeks volume started to dry up from about 900K plus 3 weeks ago to 300K plus 2 weeks ago and 400K plus last week, it is glaring the SELLING PRESSURE has eased.
My SWING TRADE CHART POSITION on 4 hour chart has seen some clear END of DOWN AUCTION pinbar or Single Prints on DAILY and 4 Hour Chart.
Also my hourly Chart has tested the some liquidity lows or Support levels and grabbed some liquidity which is an important part of the Order Block Manipulation and Liquidity grab @ lows between the 28900 and 28600 region.
Am calling a BUY OPPORTUNITY around a retracement back to 29400/200 buying zone.
I am believing if price trades below 28000 then I will be reanalysing this BUY OPPORTUNITY which makes it my Stop Area.
I am targeting at least 39K to 40K price level with this call.
Happy and safe trading,
Thanks you all.
Orderblocks
$TRX - 3 Confluences To Short It *Smart Money**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
TLDR;
Entry 0.0806 (Already Entered but we have a long way to go so enter soon)
Stop Loss: 0.0847 - 0.085
Take Profit: 0.073541
If you look at the Daily Chart My entry is based upon the Bwearish Order Block (Bottom Last daily green candle before the high). As price seeks liquidity or imbalances, I believe its heading for the imbalance in the 4 hour chart, The fair Value Gap And then if ypou look at the 4 hour theres a Fair Value Gap at 0.073541, Near this same Price is the Discount Price in the Dealing Range (Dealing Rang Example ,
Discount Price is 61.8% of retracement)
Also in this same area is a bullish order block on the 4 hour
So thats the 3 Confluences. 1. Fair Value Gap (4HR) 2. at the Discount Price of the Dealing range (Daily Chart) 3. Which is also at the Bullish Order Block (4HR).
This is where smart Money would be aiming to buy up more TRX at a discount price as it goes past two areas of relatively equal lows on the 15 min chart where most retail traders stay.
They'll believe these to be Support Lines, when it's a false sense of support as Smart Money wil drive the price deeper just to buy Cheaper.
Good Luck and Happy Trading BINANCE:TRXUSDT
BINANCE:TRXUSD
KUCOIN:TRXUSDT
OKCOIN:TRXUSD
COINEX:TRXUSDT
GBPNZD.... WATCH OUT FOR LIQUIDITY SWEEPHi guys,
I was looking for a short on this pair last week but price didn't get to my sell order. Now price has created a liquidity pool which it is likely to sweep (might be soon or later). I have marked this liquidity pool for you guys to take note of.
Enjoy.
David
PROFECY FULLFILLED.Called this target two weeks ago and now we finally arrive and turn. Nas is now on a minor bull run. we could see a deep retracement into the 14651 region. but we will have to confirm that as the trend unfolds. im still a long term bear on this one but because of how we trade, we make the most of every session. long term or short term. i will post a clear bias on the daily or 4h timeframe.
Long Opportunity on GBPUSD towards ...In previous post I shared my interest in a long on Euro. However, GBPUSD seems to be the stronger one between the two based on recent price action on EURGBP.
Looking at GBPUSD, It stays in a bullish scenario as long as long as price doesn't fall below 1.2474. However, on an intra-day basis, i'm looking for GBPUSD to stay strong and break above today's daily high at 1.2562 and potentially head towards 1.2600 and then to the old daily high at 1.2650.
Euro Long Continuation Towards...So coming back after a long break from trading. Today i'm interested in longs on euro so far. I'm staying bullish as long as euro stays above 1.06634. However, I'm looking at two levels to go long on euro.
it's either below the 1st intraday low at 1.06951 or below 1.06609.
I prefer the 2nd low to be taken out before going long as it would have a greater potential to continue towards target 1.0760.
USDJPY 30 MIN SELLUSDJPY Has Grabbed the Buy Side liquidity And has Very less Chances of Moving Upwards. Also The Trend of USDJPY has Been Shifted From Bullish to Bearish From Previous Some Days. Also This is A strong ORDER BLOCK Area. So all these Confluences are Showing That the USDJPY Will Come to the Downside
Short positioni am Convinced to risk 50 pips on this trade, i know it is against the odds of trading but i think the break out of our resistant and major downtrend are just market manipulations. reason why i am convinced to go Short on this pair is bcz the price is still within our rising wedge or yellow triangle and still within the attachment of our down orderblock, the previous 4 bullish candle sticks also shows a decrease in up-momentum still giving us high SHORT probabilities.