As we can see above, the price has just tapped into the imbalance zone and showing signs of rejection. Between 45500 and 46800 is my zone of interest for shorts. The zone we are within is also a liquidity zone where the market will collect orders before pushing.
refer to the last chart, you can see the move is going according to plan tapping exactly into my zone of interest
Based on last weeks bullish closure and momentum being to the upside especially fundamentally, im looking for buy opportunities. We have a daily OB along with a more refined 2H OB. Based on last weeks high and low, i placed a fib and my ideal deep retracement lies within those OBs of interest. 1.89000 to 1.89200 is a huge area of interest for me especially...
12 tasks of trading which include: 1. Self-analysis to determine if you are in a state of mind to trade Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to avoid mistakes in the markets. You cannot finish fighting...
Focusing on winning trades is your setback as a beginner Every individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s...
From what we can see btc just hit a key supply with a high volume area within in. This zone broke structure previously when BTC was uptrending in a channel and hence why it is acting as a key zone for me. We can see btc fall into 36970 as one of our close targets, followed by 36000, and potentially into 34700. The TSI from a 30min perspective also gives a short signal.
Focus on one single trading strategy One thing that many people try and do is switch between strategies constantly. This is setting you up for failure, and if the concept of probabilities is truly understood, you will comprehend the reasons why a single strategy will work. Any strategy is not going to have a 100% win rate, so first you should attempt at getting...
From what we can see above is that bitcoin grabbed liquidity from above the highs marked out where a lot of seller would have been taken out before coming back in within the area of structure. This can possibly be the fakeout to the upside and now we will look at continuing our bearish momentum. TSI and MACD also indicate bearish scenarios.
As we can see the price has been trending upwards in a channel and recently dipped down into the deep retracement levels of the fib on the last impulse. Our first area of interest is just below the previous high, and our next is the extension level of the fib.
as shown above from an intraday perspective we can see the key supply area eth hit before moving down and looking like it is now heading to 3000 which is a critical support zone
potential long back into 0.72800 as the price has retraced all the way back down into an area of high volume and a key demand zone. You can see where the price dipped down into with the big bearish candle could simply be a draw of liquidity before moving higher through todays LND and NY sessions.
Potential shorts on this pair as described above. Liquidity was grabbed from above, now looking to enter for a move back down.
What we can see above is the marked previous monthly high, the previous weekly highs and lows also. If we fib the high to low of last week we have our deep retracement zone lying within an area of interest. i will be anticipating this week for the price to move up during monday tues if it intends to move down. I will closely watch the price as the week goes. I...
As we can see above our first move up into 3400 is going well as expected. If the 3400 zone breaks, we have a low traffic area all the way into the 3800. Looking at our MACD and TSI we can also see we are in a bullish environment and have seen a crossover buy signal once again.
We have broken the channel and now hit a key supply zone, i will be watching closely to see if this is a liquidity trap from above the channel to move back in. We are now nearing a key zone on the 4H TF with an imbalance zone. I will be watching the orange zone within that blue zone for signs of rejection.
Slowly getting back into this year, however another overview on this pair is i saw the double bottom followed by the grab from the OB that just occurred. I now see the price pushing up into the area of liquidity and volume above and perhaps even higher.
Oscillators Oscillators are any bits of information or data moving back and forth between two points. It is usually used as a signal for a buy or a sell on either side of the range it is moving in. The Relative Strength index which you might hear of is an example of an oscillator, however I will not be going into detail about it as we do not personally do not use...
Looking at the chart we can see 2 critical areas that we have not reached yet. ETH is in a bullish momentum however we might find the price drop before rising back up in order to collect orders from the zones shown.