To 61.5k and back down61.5k is pdPOC of previous day. I think we will get rejected at there and we sill stay inside this downtrend channel. It will go to atleast 60k.
Orderbook
EURGBP - LongLately, I been going against the crowd. After 90% of all traders loose money, so I won't be going short in this one as many traders are at this level, but long. Just as how I did in my GBPJPY idea in which we took some profits home!
This one is only one take profit, more than 5% of sellers are under 0.8995, so the price will most likely go up in my personal opinion.
Entry @ 0.89987
SL @ 0.89815
TP @ 0.90201
GBPJPY - LongWe are never shown the real picture until its too late... If you ask me right now, ill never go short even if it seems like we are at a major resistance if you see it through technical analysis... Too many bears are at this small range (highlighted in purple), and so I believe they will be wrecked. Stop loss is tricky here, im just guessing...
GBPJPY
Entry @ 139.747
SL @ 139.156
TP @ 140.217
TP 2 @ 141.300
EURCHF - ShortIm personally shorting EURCHF at this time, a single take profit.
¿Why?
1) Sellers have open orders @ 1.075, which are real orders and not a spoof (type of manipulation) as they are resisting, so this is a real resistance level
2) There is a support @ 1.07450, however it does not appear in the order book. My best shot? Hidden orders, which means someone does not want the price to go down, "yet". They are trapping liquidity
3) 4% of bulls are trapped between 1.07500 and 1.07550
4) Possible bull trap?
Please close trade manually at 3:40 PM if TP or SL have not been hit
Entry @ 1.075
SL @ 1.076
TP @ 1.073
SNT- Weekly- Second time attacking the long-term S/R lvl SNT is the Ethereum and whisper-based decentralized messenger that was hot back in 2017. It has the tremendous upside as it is currently down 94.5% from its ATH.
Tread cautiously.
AUDJPY [Short] - Emiliano MesaI believe we can find a huge resistance around 76.450, which can go all the way down up to 76, this might change however as buy orders might appear around this price.
I will take the majority of my profit at 1:1, then move my SL to break even, and let the trade run to see if we hit that 2:1 ratio.
Sincerely,
Emiliano Mesa Uribe
Orderbook analysisLooking at the Heatmap on tradinglite i can see some big orders on Bitmex at 7576, if we dont hold that theres some more support at 7480 for the short term.
We got sellwalls above on Binance at 7800, 7900 and 8000 at around 500BTC each.
We also have alot of really big buy walls around deeper levels so some might anticipate a drop to retest previous lows.
No financial advice, trade with caution.
For the picture i choose i can add:
Rsi isnt a tool you should rely on too much imho. Always use multiple indicators.
Wolfpack id shows a similar divergence to the run up we saw before the big crash.
Daily analysis XBT/USD 010Hi everyone,
Back with another view of the BITMEX:XBTUSD contract on Bitmex.
Let's start with the daily which is looking like it's about to go trending after 7 days of range motion between $6750 and $7300 , we might have a zero candle (that doesn't say much about the market) which might shake off some early shorters or buyers.
We are also squeezed between the descending trend line and the bottom of the channel.
In the hourly chart we have a better idea of how the trend/range cycles function lately and depending of your style of trending you have multiple possibilities.
For Position traders, well here you clearely want to use higher timeframes so the hourly can't tell you much , but it can help you for entries
For momentum traders, tread lightly, you might get burned if you are not careful, as for position traders, use higher timeframes to confirm your assumptions and remember DON'T HOPE as wishful thinking gets accounts rekt or eaten partially.
For Swing traders, you have a range that is getting shorter and shorter some fakeouts are on the way.
For Scalpers, well 1-5 mins are your friend, we don't really offer 5 mmin analysis but you can have a general idea on what''s going on with our daily/hourly.
Follow us on live stream on Twitch for real time analysis and trading tools : www.twitch.tv
Bitwolf Capital hedge fund : bitwolfcapital.com
Some brief explanation on the tools used in our Twitch stream:
1 Leftmost columns - Last trades with a min amount of 50k - designed to show short term trend (can help scalpers)
2 Mid columns - Buy and sell walls - Unique tool that shows the order clusters at certain levels, we recoment dont to trade solely on this tool as fake orders come and go
3 Right columns - Combined orderbook - A unique view of 7 Exchanges with buy/sell levels and live orderbooks.
HIT THE LIKE BUTTON IF YOU LIKE OUR TOOLS AND ANALYSIS;
BEWARE - Fake buy walls being placed and pulled in ETHUSDBEWARE - Since last night fake buy walls being placed and pulled in ETHUSD on Bitfinex
Never trust Volume Profile on Crypto.I just like to show you something I saw on Binance order-book.
This is big buy orders (support lines) arrangement on Binance before they disappear from order-book.
i.imgur.com
One thing I don't like about Binance is they don't show the whole order-book or market depth.
They hide the big part of it from public and this lets the whales do what they want.
This is at time of current drop, there was a big buy on 6500 but they picked it up and let the price go down.
i.imgur.com
And this is current big buy order at 6400:
i.imgur.com
This is the reason why most of the time I put stop-loss under support line or Fib's levels they get filled then price go up. They pickup their big buys to let price go down and buy our cheap tokens then sell them a little higher to ourselves. Yeah.
I must setup a trader BOT to save my money.
GBPUSD Pre-Election OrderbookExpecting and range of 1.25-22 on the wide.
Neutral on direction
Expect tests to the upside first. Breaks below 1.2380 confirm moves to the downside
EURUSD Pre-Election OrderbookThe range is likely 1.1450 - 1.0500 on the very wide.
A less dramatic view is that 1.12 caps the upside for moves into stops on the downside into 1.0870 or 1.0850.
GBPUSD Order Book London OpenGBPUSD gains capped by offers at 1.3280
For choice would favor moves into 1.31 and 1.3030
BOE later today. Hawkish comments will see Sterling higher
GBPUSD Order Book London OpenMay see moves higher into 1.3330 and 1.3400 but the book looks offered with heavy stop losses at 1.31
EURUSD Order Book - London OpenOverall bias is for a move higher.
Lack of stops above 1.1150 means a likely dip to 1.1100 stop losses before moving higher.
Heavy bidding interest at 1.1100 and very heavy interest at 1.1000
LEGEND
Purple - Limit Orders
Red - Stop Loss Orders
Dark yellow - Stop Loss Orders (secondary source - less reliable)
GBPUSD Order Book London OpenLooks like we test 1.31 or 1.3450
Price normally moves towards stops. Lack of upside stops "usually" implies a move lower. As abnormal as things are, we don't expect a breach of 1.35 today.
