If I'm correct that's a Change of Character (CHoCH) in old price action. This coupled with the break of 45800 gives the idea that we're still bullish. Currently $BTC is lying on a daily bullish OB and also on a trendline support. Here, I'm expecting a bounce to take out 48200. So for now, I'm closing all SHORTS!
My overall view of $BTC's price action... The boxes define different market range. The white boxes depict bullish ranges and the ash boxes depict bearish ranges! We can see that after the formation of every bearish range comes the formation of a bullish that takes out the highest high (ATH) price action has formed in each range. I strongly believe we're in a...
The current directional bias of AUD/CHF is bearish as we see price action experienced a Break Of Structure (BOS) of a low... Price action is currently approaching a resistance level where a daily bearish propulsion is seated... We might see a massive sell off when price dips into the daily bearish OB to around 0.69162. I strongly believe that after the mitigation...
From the daily overview of $BTC's price action, $BTC has taken out a lower high which depicts a CHoCH (Change of Character). From micro timeframes overview, we see $BTC taking out highs as seen on the recent price action where $BTC took out the high on 39250 and 40441. So, I'm still bullish on $BTC and I believe this is only but a retracement for a bigger...
NZD/CAD has currently dipped into the daily bearish mitigation block. On lower timeframes, we see the formation of the double tops before price took out the low on 0.85489, I considered the bearish OB on the second top because after that, there's a BOS. The overall directional bias is bearish... Institutional order flow is bearish. So, I strongly believe this...
AUD/JPY took out the low on 78.844 which gives me the confirmation that the directional bias is currently bias.. Price action is currently approaching the bearish OB prior to the Break Of Structure (BOS). I strongly believe, we will see a massive sell-off from 85.110 to go take out the external range liquidity on 78.785 Disclaimer: This isn't a financial...
#BTC/USDT PRICE ACTION ANALYSIS 🔐 WEEKLY TIMEFRAME OVERVIEW. In my opinion, I strongly believe that $BTC will hit $31,050 as currently we're in a low resistance liquidity run to the sell side direction of the market place. When price action takes out a lower high, from what I've observed on the charts over the years, the tendency of it moving to the nearest...
Here we can see the change of character on $SOUL. Initially, price was in a Symmetrical Triangle forming lower highs. Now, we see a breakout to the buyside direction of the market place. Price broke a lower high to form a higher high so price is currently experiencing a retracement to its local support. I do believe price will moonshot from its support to...
My previous prediction of BTC's future price action was very accurate. Its a tremendous day in the Crypto market as $BTC breaks out of its descending channel. My belief (as I've seen on the chart couple of times) is that, price will return to its former low before a experiencing a moonshot to the buyside direction of the market place.
#ALICE/USDT After weeks of its short intermediate downtrend, $ALICE is about to break a lower high which depicts a Change of Character (CHoCH). Seen this type of price action on the chart many times; price usually returns to the nearest support (in this case, a bullish mitigation block) before experiencing a moonshot. I do believe, the early part of 2022 will be...
CTSI is currently in a range, which I believe, is an accumulation phase. I believe, price will soon break its previous resistance, retest (which I believe, will the mitigation of a mitigation or propulsion block) and go up to take the external range liquidity on 1.7295 If price is able to break through this resistance, its going to be a low resistance liquidity...
Price still hasn't broken its previous low, as seen on the weekly timeframe; this means, market structure is still an uptrend. On the weekly timeframe, this massive dip can only be seen as a retracement. I believe price will retrace to this bullish mitigation block and also fill the Fair Value Gap (FVG) before experiencing a moonshot that'll cause a new...
I believe CHR/USDT is ready for a moonshot. I believe we will soon see CHR break its previous resistance, rally up for a while before giving a fine retest that will lead to bigger bullish move. An entry after its retest would be more conservative. Disclaimer: This is just my view. Its not a signal. So please, do your own analysis!
After trading within the symmetrical triangle, I believe ALICE is set for a breakout. I presume there'll be a break of its descending trendline, a retest and a massive pump that'll lead to another ATH. This is the best time to accumulate as much as possible... I'm seeing a 50-60% bullish move incoming! DISCLAIMER: This is just my perspective... Its not a signal!
Analyzing the market structure of DYDX (based on the 12h timeframe), its clear that DYDX is still very bullish and the price decline we've been encountering since, is only but a retracement to an old price range. The break of STRUCTURE (BOS) of the old high clearly shows we're still bullish!! Before the first rally to the buyside direction of the marketplace,...
LINK broke the previous resistance level . I expected a fine retest and I just got it. The mitigation of the Mitigation Block on the 2h timeframe is another indication that we will be going up higher. This is a good BUY signal from my perspective. Disclaimer: This isn't a signal, just my point of view. Do your research and analysis!!!