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BITCOIN (BTC) Sell Approaching 03.25.19 #Crypto Bearish market structure. Price has already rejected the 71-78.6% fib retracement zone and with one 4H bearish engulfing candle, 5 days worth of price was crushed. We have finally closed beneath a very strong level of support/consolidation on multiple time frames. The bullish trendline is finally broken which gives us more bearish confirmation. With multiple timeframe confluence, we now wait for a retest back into key disturbance level ($4037.5) before selling towards $3687.50.
BITFINEX:BTCUSDShort
by IAmTheDisciplinedTrader
2
USDJPY Top-Down Analysis 02.05.19 #FOREX Monthly Price has rejected the Monthly Disturbance Level @ 105.50 on separate occasions. The first time for a few months and now just a quick rejection. The long wick tells us that sellers' momentum was lost dramatically and buyers took over for the majority of the month. Sell orders were filled when price came to the Monthly Disturbance Level @ 105.50. This was a direct cause of December's bearish monthly engulfing beneath support. We are in an uptrend, so the wick gives us a heads up on buying opportunities for the year. Weekly Market structure tells us that we're in an uptrend. Currently rejecting the Weekly Disturbance Level @ 109.875. Last week's bearish movement within the week induced plenty of sellers. Liquidity was captured therefore leaving a long wick and bringing more buyers into the market, institutions are now buying. A close above the Weekly Disturbance Level will create momentum for buyers. We will look for a healthy buy after a pullback and lower time frame confirmation. Daily Price rejected the Weekly Disturbance Level and the daily candle ultimately closed beneath the consolidation range. Price continued to the downside as it normally would after a close of that type, however, since we're in an uptrend, the end of the week shot back up and the weekly candle demonstrated the true bullish direction and sellers' exhaustion. After we broke above 109, price rose to the next Weekly Disturbance Level, rejected that with momentum to the downside, which was the "retest" at the Daily Disturbance Support Level @ 108.625, then printing a reversal candlestick pattern. We're back at the Weekly Disturbance Level (109.875), how price responds to this level and how momentum prints on lower time frames will give us an indication whether we're buying yet. 4H Market structure shows us an uptrend. Consolidation doesn't give us enough confirmation for any entries. A 4H close beneath current support would prepare for sells after a pullback. Confirm on smaller timeframes. Could see price shoot back to 109, reject the 4H Disturbance Level. 1H Rejecting Weekly Disturbance Level, however could rise to accumulate buy orders. The initial high set for this range was quickly made and dropped. Could be a liquidity ZONE. RESPOND TO HOW PRICE MOVES THERE. If a sell opportunity presents itself, TP @ 109. If the buy opportunity presents itself based off of 4H confirmations as well, TP @ 110.40 and the next Daily Disturbance Level. If price drops and you miss the move, wait for how price responds around 109 to enter Swing Buy Entries.
by IAmTheDisciplinedTrader
USDCHF 01.29.19 #FOREX Monthly 3 Month candle printed a long wick showing buyers' exhaustion and liquidity capture. August's monthly candle closed beneath previous support, capturing sellers at the low, we waited for a pullback and now we wait for smaller time frames to confirm our long term selling bias. Weekly 1.0050 - 1.0125 is a "liquidity pool." Enough buyers were induced for the market to finally melt. We had a bearish engulfing candle, signaling a price drop. Price close beneath support (.9850), followed by a pullback which led to last week's inside bar. Now we continue to smaller time frames to solidify a clean entry. Daily Rejection of Daily Disturbance Zone (liquidity capture) Bearish engulfing candle followed by a retracement and another bearish engulfing candle. Lots of bearish momentum. Daily bearish close beneath support (0.9930), pullback follows and we dive deeper sub Daily timeframe candles. 4 Hour Break below consolidation/support @ 0.9950, now we are retesting previous support, relative resistance. Currently rejecting 4H Disturbance Key Level. Recent 4H candles are bullish, lets wait for momentum to start to shift along with 1H. 1 Hour Back to back doji candles, buyers losing momentum. Rejecting 61.8% Fib Level. Approaching bearish trendline. Would need to see wicks go beyond resistance to accumulate more buyers, then price to close back into the range. Bearish reversal candlestick patterns our final confirmation on this time frame. 15 Minute Consolidating between 0.9940 - 0.9955 A close beneath the micro support (0.9940) on 15 Minute/1 Hour, followed by a pullback and bearish candlestick pattern would confirm a sell. Price could rapidly shoot up near relative resistance to accumulate buy orders then show exhaustion on 1H/4H timeframe. Sells following liquidity capture would be key. Rejecting 71% Fib Level.
by IAmTheDisciplinedTrader
5
GBPUSD #FOREXFollow Up Price responded to that 4H zone I displayed yesterday. Unfortunately, I was in the middle of the mountains and had to leave my location with internet but if you've learned from me through the years, you know why that area is there and what to respond to. Once you saw the shift in momentum on the 15 minute time frame, that should have confirmed our forecast for smart money coming in. 4H candles are printing nicely to continue the bullish push. Ride this pair out, trade responsibly friends.
by IAmTheDisciplinedTrader
AUDUSD Monthly Outlook AUDUSD Monthly Outlook During 2018 we witnessed price not only break that macro trendline, but retest it and continue bearish momentum. Pay attention to the arrows on the chart. Those symbolize where price engulfs the previous month, continuing the meltdown of AUDUSD. You can see how November 2018's bullish engulfing candle may have enticed many to enter short/long term buys. The following month (December 2018), price continued the bearish trend by engulfing back to the downside. We had a "flash crash" to start the month, which is easily visible by that long wick. Based on how this month's candle closes, we'll see whether the next few months will be bullish or bearish.
by IAmTheDisciplinedTrader
EURUSD BUY IDEA #FOREXEURUSD BUY IDEA Entry: 1.1390 - 1.1400 SL: 1.1360 TP1: 1.1455; Risk;Reward: 1.85 TP2: 1.1520; Risk;Reward: 3.73 This is an entry following a break of structure. We are seeing a pullback after a 1H bullish trend has been established. Seems to be a correction wave for the overall bearish trend. DXY also correlates with the entry. Since the DXY is 57% EURUSD, the continuation to the upside seems likely. Candlestick patterns, rejection of counter-trend line and 15min correction wave completion add to the bias. Trade responsibly, risk according to your trading plan. I encourage .01 per $100. 3-4% Risk
Long
by IAmTheDisciplinedTrader