This is my view on the daily timeframe for BTC. A break above 28k can push price towards 29k, BUT only a break above 29k, after price mitigates the remaining orders from there, could push price back above 32k and even 34k. On the other hand, a break below 27k can make price drop further and retest the current low and potentially break below it, towards 23k.
Looking at EU and GU EURUSD looks like the more promising idea and dominant pair to take a trade on. Looking for some bearish order flow to come into the market on the lower TF for a trade execution. Will keep you posted if I take any trades.
Looking again at EURUSD and GBPUSD Strongly believe there is more upside momentum incoming Currently at very interesting areas on both pairs but still inclined to look for longs on both pairs.
Since Weeks I m Calling EU to be Bearish after it hit Weekly Volume Imbalance, i would like to see EU today breaking the Low formed in London Session.As it would give some confluences for going more Short. i m Still bearish on EU and GU and Gold.
A little update following Fridays videos Still looking for EU and GU longs. Not panicking just yet. Time to just sit on our hands and wait for the price to come to us. Give people a couple scenarios as to what we can potentially expect in the coming days. Have a great rest of your week and take care
I have used the MACD indicator to illustrate the dying momentum in the nasdaq. They have been the clear leaders in this bull run from Jan 2023, but that's now come to an end.
In this video I've shown how extended the Dow Industrials as well as Dow Transports are. This type of overbought setup has consistently marked tops in the past so I am currently bearish and waiting for a correction to play out over the next 4 weeks. I am expecting an approx. 10% drop in the markets before going long
Hi Traders, Investors and Speculators of Charts📈📉 From the charts; a macro view on LTCUSDT with Fibonacci Retracement, Cycle analysis and Time Frame analysis : By taking a detailed look, you can clearly see that the next phase bound to happen is the bullish phase, and Litecoin is no stranger to parabolic upside movements. The fractal we're looking at in...
At the moment, price is currently retesting an important imbalance at 240$. A closure below this level on the 3 day chart can predict a potential pullback towards 150$. But in order for the pullback to be valid, price must respect the current high that will form from here. On the other hand, a break above 240$ from here will push price towards 260$ easily.
Because price didn't manage to break above 31k properly on the 3day chart, I believe that BTC can go back and retest 28-27k at around the midvwap before going back up. On the other hand, a break above 31k from here, without a liquidation of the current low at 30k can push price Towards 33k-34k, but the low left behind can attract price and create a pullback to...
I can easily see gold back towards 1926 before moving back up, but only if price manages to close below 1929 on the 3 hour chart. On the other hand, if price breaks above 1933, we will most likely see gold back towards 1940.
How i look at the price action and trade. Different time of day, different strategy in place
This is the explanation in romanian for my view on Gold. I expect buys soon, but at the moment we need way more data in order to not trade in a counter trend. We need more confirmations from 1924-1926 before price manages to confirm a push towards 1940-1950 area.
In this video I'm explaining all the reasons why I've decided to take a counter trend trade + its management, so enjoy!
This is the continuation of my previous view for BCH. I still believe that price can easily retest 150$, but only after price breaks above this level, we should be able to see 200$/BCH.
Just describing price, how i view price and what I look for in a setup
This is the update for my previous view on BCH. Price managed to respect 150$ mark and also managed to liquidate its previous major low at 100$. But, because price couldn't close below 100, I believe now that as soon as BCH confirms that 93$ is now our next protected low, we can target buys towards 150 once again and now even towards 200$.