Expecting A push into $30k for A final flush of shorts before we see the next leg to the downside to fulfill our price inefficiency left below $25K To complete The distribution schematic
Will be looking for Buy orders around the $50 region to add to my long term portfolio but want to see alot more fear enter into the market as we head into 2023 , ideally this will be met once we see large layoffs mid 2023 from most major corporations and economic pain.
Looking at a power of three scenario come into play Target 1 0.445 Target 2 0.475
We are now expecting a short term rally to coming back into the $4,200 region to clear all trapped liquidity , Then we are expecting the next leg down to begin to target the pre pandemic lows for the long term swing lows. As we know there was a large amount of cheap money injected into the markets and as the principle dictates what the market gives easily it likes...
With the FOMC news being released today , I will be anticipating a break of the previous lows to liquidate buyers in that region. This is where we will be anticipating a local bottom to form when the majority expect it the least.This will be tangent on how long we range after the low is taken at $17,500 but my bias is valid as long as we don't break to the upside...
Here we have a potential fractal from BTC 2020. Where we could see the same price action play out on XRP within the next bull cycle
Price has now taken the highs and lows of our previous daily highs (neutralised liquidity).Displaying Bullish Intent in the higher timeframes. We will now be focused on the lower time frames looking for entry as price is looking to target the next bullish leg higher.Ahead of the FED Interest rate news.
Price is currently at a pivotal demand zone where we have seen buyers and sellers being induced into the market.If this level holds I expect price to take the previous weekly highs of $1.40 as we are seeing corrective structure on lower time frames which is a good induction of the bullish momentum to continue.However if we break this level we then will see a quick...
I am anticipating a push to the upside ahead of weekly candle closure due to the bullish structure align with higher timeframes
Price has created an accumulation phase at a very important zone and as long as we respect this region. We should see a potential move towards ATH. How long this move will take will largely be dependent on BTC.
Price is at a pivotal point and is displaying clear rejection & bullish order flow. As we are anticipating Oil weakness during NFP tomorrow. This should be a clean setup to take advantage off.
This Morning i was able to take additional Longs as a scale as we saw clean wykoff accumulation and enter after sign of strength was displayed , My idea for scaling in was important as we had EU interest rate news and orders are always price in before news so as I stuck to my plan and executed off price action alone which played out wonderfully. +170 Pips +5R...