symmetryfx

symmetryfx

Broken Structure with momentum Output looking to increase (increasing supply dropping price)

symmetryfx

Major Market Pattern Descending Triangle = Bearish Price pattern can be easily viewed on the Weekly and Daily timeframes. - 13 week consolidation. Strong support at 1.2250. Resistance at 1.2500. - Candlestick on Weekly timeframe slope downward. Daily timeframe shows more details. - Last 3 Weeks on the Weekly chart Moving Averages squeezed closer together -...

symmetryfx

BULLISH MONTHLY STRUCTURE MAJOR RESISTANCE BEING TESTED ___________ 1. BREAK 2. RETEST 3. ENTRY

symmetryfx

Potential Triple Bottom forming BTC entering Demand Zone Bullish on BTC through EOY due to more institutional buying - lots of activity going on right now in the crypto exchange / asset management / banking space around blockchain.

symmetryfx

- Solid rejection of 61.8 PRZ with a bullish engulfing (more buyers than sellers / buyers in control) candlestick on the H1 timeframe. Price will now want to maintain bullish H4 structure and print a Higher High. - H4 Inverse Head & Shoulder's pattern that correlates to 3 reversal candlestick patterns on the Daily signal more upside ahead on the higher...

symmetryfx Updated 

Bullish AUDUSD 4H and H1 Structure. Higher timeframes show more upside is possible. Confluence for PRZ 61.8 to get hit on this retrace. Not taking any countertrend trades right now, waiting for a Bullish Engulfing variation at on the for PRZ's. (Price Reversal Zones)

symmetryfx

BTC needs to break above 8800 for further longs to be triggered

symmetryfx Updated 

See previous post. Still quite a few hours left in this daily candlestick. If we can get a solid close, that would show momentum. Price will want to retest the next Daily S/R level (red). In the next few days / weeks we could make our way to .812 and possibly above to make a new HH on the Weekly timeframe as Bullish structure on the weekly has been respected.

symmetryfx Updated 

Currently in a Buy order. Asymmetric Risk / Reward -> Projection Order is being maintained based on structure (lower timeframe 4H / H1)

symmetryfx

See Charts on post. ______________________ Other Altcoins could surge ahead if the market is catching a bid. Only Institutional investors (big money) have sufficient capital to increase demand enough to create new highs. Only thing worth mentioning = Top 50 coins. List = coingecko.com ______________________ Resistance ahead = BTC 10,000 (key level) Long...

symmetryfx

Break of Triple Touch Trend Line Break of Daily Resistance (red) Break of Minor Resistance (blue) _______________________________ Price could retrace to retest Daily Support creating a Higher Lower before pushing higher. Price could continue pushing higher before retracing. Current BUY order is being maintained based on structure (see previous post)....

symmetryfx

38.2 fib is being maintained on the Daily timeframe - buyers are stepping in. 4H MA Cross, potential for a break of a trend line (3 touches) on the 4H soon. Recent 4H candlestick shows Bullish volume..buyers are in control within that candlestick / price range Price breaking above Daily support / resistance level (red) ...

symmetryfx

Analysis for next week complete. Bias is for a potential Bullish Reversal. Price is in a tight range between H4 Support / Resistance (Green), price action next week will hopefully show more details as to where the trend is heading. The next US Federal Reserve Interest Rate Decision this summer (high probability of a rate hike) could influence the long term...

symmetryfx

Stopped out last night... RISK MANAGEMENT + RISK/REWARD = EDGE -------------------------------------------------------------------------------------- 1H (lower timeframes) are currently rejecting the Daily level and bullish engulfing. A 4H bullish engulfing above the Daily level would show that the buyers are in control. Confluence with 38.2 fib retrace lining...

symmetryfx

- 4H 38.2 rejected, sellers exhaustion on 4H, Daily support (confluence) rejected - Potential inverse H&S forming on H4, with bullish reversal candlesticks on the Daily timeframe - Target 1 is -27.2 fib based off of the 4H - Target 2 is -61.8 fib based off of the 4H Risk reward = > 4 to 1 Risk management = .30 per $1000

symmetryfx

Bearish BTC below 10,000 Key level based off of technical and psychological levels Long term EOY projection = > 25,000 based off of Institutional investors opening up liquidity and the bidding up the demand

symmetryfx

Bearish Daily structure is being maintained. 5 Hour structure is bearish Support and structure has been broken on the lower timeframes Projected TP 1 is the -27.2% fib from the 5 hour timeframe which lines up with Daily support --- This is a second entry opportunity. The 1st entry opportunity for a short was at the .7550 level after 4H resistance was...

symmetryfx

There hasn't been this much volume within a Daily candlestick in some time. Liquidity seems to be returning to the market, that is the only thing stopping price from exploding higher. No retail trader or group of consumer buyers could influence price enough to create a 'bull run.' It is always institutional money leading and perhaps 'influencing' the surge. Banks...