Sweep
XRP Accumulation for 100% returnI believe we are in a prolonged, multi-asset bear market.
With that said we have not had a significant retracement for months. We are overdue both in time and price.
A break of the recent lows will do the following:
1. Stop out any currently accumulating bullish positions with stop losses
2. Trigger entries for short sellers expecting a larger downside move (creating liquidity above for buyers)
3. Increase overall fear, making it difficult for retail to buy
To me it looks like a perfect storm for price to catapult up to .60+ at which point I would highly recommend taking profits as the aforementioned bear market has not yet ended.
USOIL & LIQUIDITYUSOIL mitigated a strong supply zone. Swept liquidity and created sell side liquidity. Will price break the current uptrend or will the bulls see it as a "third touch" and get in and drive price higher? Only time will tell.
Will update as time goes on, stay tuned!
Good Luck.
God Bless!
Why price reacts to s&d zones before breaking themWhy price reacts to s&d zones before breaking them.
We tend to see a reaction for one simple reason;
- BFI's need liquidity to accumulate a sizable position.
So, how would a reaction provide them with this liquidity?
- Retail traders will enter aggressively at these s&d zones
expecting price to move away from them. Now, BFI's will
use all this liquidity to accumulate a sizable position,
targeting the next pool of liquidity which is
retail's stop-losses on the opposite side of the zone.
GBPCADI was expecting a bearish sentiment before a very bullish GBP market with Brexit & elections on our door step but it seems the GBP keeps rising which is scary in these uncertain times. This indicates to me a very big market crash coming in 2020 as expected with chart readings, housing market, interest rates, the usual market crash cycle and many other factors tied into this including Euro sentiments.
Many of the other GBP Pairs also have a simialar outlook/set up which I may post analysis on shortly.
PATIENCE - CONFIRMATION - ENTRY - PROFIT
US30US30 nearing it's all time highs with mitigation and distribution areas being met. With the DXY also looking to be bearish in the next couple of days, could we see the all time high act as resistance in the market for a big fall? I'm watching very closely and licking my lips at the potential profit on this one.
PATIENCE - CONFIRMATION - ENTRY - PROFIT