I'm predicting that price will continue to drop in light of this lower time frame downtrend. I tried to post this sooner but it happened quite quickly.
-LTF bottom potentially found. -Liquidity above -Funding negative -Buying some spot, observing for reaction. -Reasonable probability for relief rally.
GBPJPY - Potential deep crab forming, I will wait to see if price rejects from the daily low or breaks down to the crab D point! I'm still overall bullish on this pair on the HTF I have a crab on the weekly projection, I would see this move as retracement > continuation. Whats your thoughts?
Updated version of previous chart, now with the resistance showing where the Lower High could form. Which is where we are now, HTF candles closes are important.
This always happens to me when I am analyzing. I have two strong strategies to consider, and they don't work together. Would love it if they could work together a little bit more.
Waiting for confirmed breakout -> buy the retest
I expect the price to hold above the double support consisting of the trend line and 4h S/R and to approach the weekly S/R again. a long trade as indicated in the LTF is therefore not the worst idea. 15m buy signal would give the whole idea even more approval
Consolidating around $1.3 with a wedge pattern, in an uptrend this is usually bullish. Awaiting confirmation of a breakout upwards to confirm this bias.
It took me 2 hours to review 5 charts with this method of analysis. That is obviously not efficient enough, but I was really pleased with the way my ideas continually flowed into one another until I came up with a "solution". Have I created order out of this chaos? Probably not, but this is what I came up with and I'm really excited to see if it plays out....
I love the 4 hour chart. Last time bitcoin fought back above the 200 ema and then retested it and successfully closed above? We saw a pretty nice run. I get the sense that this $BTC pa is just some coiling of the spring, a consolidation of momentum as we load up for the next run. Obviously things can go south from here for sure. I wouldn't be surprised to see a...
Perfect bounce off of $32.5 area! I called this exact move in my previous post. Had previous resistance plus the ichimoku cloud to act as support and a bounce area. Look at my previous posts to see accuracy of LINK calls since yesterday on 30MIN
The trend line broke down as I predicted and then acted as resistance multiple times before breaking down further. Played out perfectly!
LINKUSD Uptrend has broken down with bear cross on MACD and clear channel break. LTF/ 30 MIN chart,
LINK Uptrend has broken, 30 minute chart. LTF suggests pullback likely to retest previous resistance as support at previous ATH
Price could break through the first key level before pushing back up, ideally id like to see multiple wick rejections at the key level on lower time frames before entering a buy.
GBPJPY approached daily green zone and red zone (stophunts). Price than made minor zones (grey). Waiting for retest to go short.
EURJPY is now consolidating inside of daily supply (green) and stophunt zone (red). Price crated minor zones (grey) within the supply and I am waiting for a bounce off each zone until it breaks above and retests highest minor zone (grey).