There appears to be a 8hr Breaker (shaded yellow) which BTC bulls will aim to not trade below. As long as price keeps above 7200 then 7900 is on the cards. If the Breaker does not hold then visit 6900 again likely. Volume and Volatility decreasing again so expect range expansion soonish.
Will update reasoning later but quickly expect 1205 to be taken out before a correction to 1250 and 1290 sets off
Just as Bulls at 10k thought they'd never see below 6k again .. Bears at 6k not thinking about 12k again. Just imagine price movements inbetween these two levels are irrelevant for a moment. Price will get back to 12k sometime in the future .. it has to ;)
Disney receiving a boost from the downfall of Netflix, with many seeing this as the perfect hedge against the FAANG giant. The strong bullish candles steaming into a strongly established supply zone smells like a retail trader trap this time. I expect price to reach above stops around 113 of the previous move and into my grey and red zones where I expect heavy...
Aggressive Bear movement was initiated by the large order imbalance in the red zone (8H) Bearish Order Block. This move is set to fizzle out once price reaches into green (8H) and blue (1W) Bullish Order Blocks. Price is expected to brielfy reach into the liquidity zone resting below 70.80, and this will present a good opportunity for buyers to re-enter before the...
Although stop runs above 420 didnt trigger, a move down towards 380 still came to fruition. A decent demand zone has formed around 380 and fully expect to come into play again. Expecting some bounces at 395 (already happened), 390 and 380. Earnings are at the endo of July so trade should be closed before that.
Bullish Order block can be seen in chart (shaded green) and will likely act as support. The gap down to 291 is expected to be filled, with maximum liquitidy zones being visited before there is a move up once more. Price Action shows that the poer of the current down move is weak and thus a healthy bounce is to be expect from 291 once orders have been picked up in...
Bitcoin looking to retest lows against the dollar. Price spiked into the area of the last 4H up close (Order Block) before the previous drop with a weak move, thus indicating order flow currently working in the bear direction with supply outstripping demand at the 6350 level. Price action suggests a retracement towards the 5960 level, which would see inneficiency...
Cardano moving into a heavy deamnd zone (or Bullish Order Block) against BTC with anything below 2000satoshis presenting a golden bull opportunity. Previos price action suggests traders should be looking to sell around 2400, 3100 and 5100 if the bull move sustains. Just whilst typing this the price has shout up close to +10% so for some potential buyers the train...