OTE, PRICE HAS HIT A DAILY RESISTANCE AS CONFIRMATION.
Weekly bearish block rejected BTC today and now it's retracing. Why 3500? 1H and 4H bullish orderblocks and fib support seem aligning there. If we get there, I might take a long. I'll observe for now.
On the daily view(below), we can see that we've broken past the block that sent us down initially. If we zoom in on the 1H chart, we can pinpoint a 1H breaker which falls right around the middle of that daily block, and withing the optimal fib retrace zone. We should now be aiming to fill that small gap we've left on Monday open, and attack the next daily...
Big picture first: As you can see, we have a big void to the left which hasn't been filled yet, and the point where it would get filled conveniently falls exactly on .705 retrace from top to bottom. On the macro scale, I think it would have to get to that point before it continues its major downtrend. The red levels are weekly horizontal levels that I think...
Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice...
Welcome! I've been learning/praciting technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice...
Welcome! I've been learning/practing technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice...
D1 + 4hr Bear OB + .705 OTE Resistance confluence. Paint the swing high then run the liquidity.
Welcome! I've been learning/practing technical analysis for awhile now and have recently learned a lot about price action. I plan to publish my thoughts at least once a week. My goal is to practice, improve, learn and hopefully share some knowledge with the community. Please feel free to challenge and question me (respectfully). This is also not financial advice...
still in a bearish trend on HTF, looking to short this relief rally. entries at 6490 6514 6535 6550 6580 SL at 6635. TP at recent swing LO at 6080, reevaluate PA after orders hit to decide if intermediate TP is needed. twitter @thecryptopapi
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...
7/6/2018 market update: The market pushed upward as expected at the New York open offering an opportunity for shorts in the 6600s. I believe a bullish retest of the lower 6000s is necessary to help propel bitcoin to that 8400 target mentioned previously. The chart shares my thoughts for a flip, scalp short. Optimal long entries will be presented in that lower...
Yes you read that right: Bitcoin to back in the 8000s. Welcome to our first post and larger market review. As you can see, bitcoin has traded down right into a nice local bottom, completing a classic ICT sell model. We can expect a retrace to at least the 0.62 fib level (green box) as well as large gains in the alt market. You will come to learn that I love to...
Price hit weekly OB and tested 50% level. You can see bullish div and spinning top candle on daily chart so reversal is possible. Im going for 2 weeks holiday tomorrow but i will try to stay as active as i can.
Price now inside M +BR, ideal entry inside D +OB. Stop just below W +OB. Target is VPVR void, just below W -OB.
DXY monthly ICT breaker failed to hold support and its mean threashold has been tested, seems to be bearish for now unless price crosses above it again. If it stays bearish then the next breaker would be its first target.