Another inside bar week, nothing much to go over. Still ranging in between 6754 and 6500. A clean break of 6754 could send Bitcoin to 7000 very quickly. The accumulation pattern on the weekly is still continuing, but so is the lower high structure. If Bitcoin can not break its lower high structure within the next week or two then we will most likely be seeing a...
ZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on...
Info on the picture. Highlighting two scenarios that we could see after closing the weekly inside the June block. Doing my best to stay objective, no hopium. Let me know what you guys think the markets headed, always open if someone wants to bounce ideas around.
H4 levels in updates below! Analysis - Daily bearish engulf / breaker formed in this week's dump Daily S/R level that's also previous range high Oscillators should probably ready for another selloff if we get to 6600s Ideal entry - Personally looking to short range high Stop - Above 6800 setup fails, so go figure. Targets - Range EQ ...
After the failure of the 7300 orderblock BTCUSD began its fall to the 6800 daily orderblock. The extension of the daily Bollinger Band caused price to be halted and remain around 7000. The DBT MoMo alerted us with a double sell warning at the peak of 8500. Now that the MoMo extension has played out we are looking for a bounce to the mid Bollinger Band or a short...
D1 + 4hr Bear OB + .705 OTE Resistance confluence. Paint the swing high then run the liquidity.
Interesting point for ONT, we have the lovely fallingwedge and within that a bear pennant that can target pretty low (0.0004090 unlikely) each one of theas is a whole new beast.
As with all alt coins BTC must sustain its current levels if ADA hopes to climb higher. The situation I'm looking at has Cardono attempting to break out of its major descending triangle and as of right now it looks to be feasible. I draw my major orderblocks on the weekly chart creating the support zone 0.00002125-0.00001850, It's dipped both its feet into those...
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...
Over the coming weeks I see BTC's price climbing just a little bit more with wicks up to 6800-7000 range where there is an orderblock from the beginning of April as a 55 day EMA on the daily standing guard. It will also be the 5th wave of this uptrend and I could be wrong but I ended up with a .618 on the fib retracement in that same zone. I'm always afraid that...
Breaker breaker. ran buy stops and nuked through the order block. price returned to the OB creating a breaker block. My target is are the old highs.
DXY Weakening Bullish Momentum Higher High/ Lower High Wait for confirmation
The BTCUSD has made a blow-off top after a parabolic advance to just a couple hundred dollar below 20,000. The parabolic rise is very typical to all speculative bubbles which I have seen multiple times in my life. This parabolic advance has trapped a great deal of unsuspected speculators which creates heavy overhead supply. I see price finding resistance at the...