UnknownUnicorn3664665

UnknownUnicorn3664665

Looking at the daily, the price seems to be making higher lows and the level that was continuously tested as resistance for a whole month should now act as support for at least some bounce. If it takes off for real, it could very well go for one of those resistance levels.

UnknownUnicorn3664665 Updated 

Pushed pretty nice up the resistance, now breaking through, it may go a bit more up but better to buy on the retest if it happens, much better chances. It's probably going to attack the previous highs after it.

UnknownUnicorn3664665

First of all, this is the ICT Breaker concept from ICT (Inner Circle Trader) on YouTube, all credit goes to him. I've outlined a nice example of this strategy in the chart. I use this a lot and it's really simple to understand and notice once you catch a few of them. I'd love to see you try to find more examples. Feel free to post them in the comments and we...

UnknownUnicorn3664665 Updated 

We got that .705 retrace and the void fill, so unless we fall further down , the path to the previous resistance should be clear.

UnknownUnicorn3664665 Updated 

Needs to retest that previous resistance which falls within the optimal fib range (betweeen .62 and .79). After that I hope it attacks that high again.

UnknownUnicorn3664665

This is a highly experimental idea, not something to base your trades off. As you can see on the 4H chart, we've made some really thin moves with little to no stops in between. I'm not sure if this is the end of it, we may see some more expansion downwards, BUT when it finishes, in case we start going back up it may be a fast and explosive move, maybe to...

UnknownUnicorn3664665

If we zoom out on the weekly chart, we can see that these orange levels are highly reactive whenever the price comes near them. Zoomed in, it's clear that once we've broken past all three of them, we came back, retested the lowest one a bunch of times, broke through, retested the middle one just once before getting rejected back to below the lowest one...

UnknownUnicorn3664665 Updated 

- Break in market structure - .705 retracement - Pivot level retest 3 factors for a nice 3.5 R/R setup right here, with a stop below previous low, worth playing with decent risk management.

UnknownUnicorn3664665 Updated 

I see that SFP down there (white line), which suggests that stops were taken. We're now pushing into this bearish orderblock and since we're consolidating inside of it, there's a chance to break it and go for the highs. The strategy is to enter on the retest of the block only IF it breaks first. -------- Colors I use for a more organized chart: 15 min -...

UnknownUnicorn3664665 Updated 

Ethereum should be seeing a move up to retest that bearish orderblock which sent it down to this range. This setup is only viable IF we break above that small block we're pushing against right now. So the strategy is: 1) wait for the break 2) enter on retest of support 3) stop below previous low 4) pray to Vitalik at the start of each candle until the price...

UnknownUnicorn3664665

-We have bounced on a major weekly support, and have made some higher lows on the daily. -We broke the previous high on the 4H and started retracing. -Should see the .705 retrace to that 4H breaker and attempt to break the next resistance. Daily view: Terms: -Bullish breaker - an orderblock (a green or red candle, in this case green) that precedes a...

UnknownUnicorn3664665 Updated 

The Samurai are planning a surprise attack on Dixie. So we have: - A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high. - Void left by the inefficient move down -...

UnknownUnicorn3664665 Updated 

We got a break in the market structure here, and now we have to wait for some retracement to look for a buy. There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump. Some terms I used here: -...

UnknownUnicorn3664665 Updated 

Next week should see some nice and juicy price action. We have a 1H breaker nested perfectly around the .705 fib level and a 1H orderblock resting right above the last top which should be acting as a magnet once we get that retracement. Just look at all those stops there, wouldn't you wanna eat them? All of this makes for a nice 3.6 R/R Long setup if you're...

UnknownUnicorn3664665 Updated 

Nice breaker there on the 4H chart, seems to have been retested and ready to fill the void to the left. In case that the breaker fails, there is a bullish block right below it as backup, but I'm hoping it doesn't come to that. Nice 3.5 R/R setup here. On a side note, if it takes off soon, it would be a good idea to take some profit halfway to thegoal and keep...

UnknownUnicorn3664665 Updated 

Almost the same situation as EURUSD. -Needs to have that void filled (better seen on 4H) -An untested breaker is sitting comfortably right at .705 fib level -A bunch of short stops resting at that recent high with a bearish orderblock above it Although it has a bit further to retrace relative to EURUSD, it's still the same setup.

UnknownUnicorn3664665

If this is it for this local move up, we should be getting the retracement to the red pivot line which should now be a support, which falls right onto the .705 retracement for additional confluence. If we bounce from there TRX should be targeting at least the 390 level previous high and try to break it, in which case the next target would be 429, but if not, it...

UnknownUnicorn3664665 Updated 

That green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are...