Hello traders, welcome to another weekly market outlook from the Zentrader. A lot has happened last week and unfortunately the market hasn’t given us the trade we were looking for. We didn’t enter any trade, so we’re wrong about the scenario and setup, but without a consequence. Which is one of the better ways to be wrong. Before we look at the charts, let’s recap...
Chain link forming a head n shoulder with a 9 forming on the support line via Thomas DeMarks sequential indicator....easy 12 - 15 percent gain before it tanks?
Quick update of yesterdays scenario (): We saw price failing to push through straight away, as we suspected. Now we have 4 actionable options before us: 1. Price moves down and we see a reactivation of a new bullish cycle somewhere in the support area. Here we can re-enter a long position if we get good signals 2. Price stagnates and allows some time to pass,...
All indicators are pointing to bearish price action. We have a Red 2 trading below a red 1 on the daily chart. The probability of bearish price action in the next few days are high. We tested the resistant area of confluence, and failed. After the failure you can see the RSI nose dived, and It shot us down $500 within hours. The current RSI indicates...
We have a red 2 trading below a red 1. This indicates we have a high probability of further bearish daily price action. If we close today above the yesterday this is reduces the probability of bearish action, and have a higher chance of a reversal. As of now, the chances of 1-2 more days or either bearish or sideways movement is higher than a reversal to the...
The bears are in full charge! BTC has been in an ascending triangle for the past few days and is about to break down to the downside. According to TD-Indicator rules you can enter a short trade when a red 2 starts trading below a red 1. As you can see in the chart, this condition will most likely be met today (Maybe even while I am typing this) The TD-Entry is...
It's quite hard to draw my arrows on this one as I am posting it somewhat early hoping that a 9 count will come. The probability is that a sequential 9 will give 1-4 candles reversal (including itself). I made a good short term trade yesterday using this indicator when a 9 showed up before this rally. Note that it shows a red 1 now where I shorted but at the time...
Today, we faced a bit to a price spike to no avail, and now were back in the 6900 range. So you might be asking yourself what the F**K is going on?! Below you will see a very simple and clear explanation on what is to come in the next few days. 1. Today was the creation of the 8th candle in the TD setup. As I predicted in my analysis from yesterday the candle...
1. If we continue at this rate we will get a sequential 9 on Sunday. That is only if we continue to close Friday, Saturday, and Sunday lower than the close 4 days prior to the specific date. Since we are most likely going to see the Death Cross (50 D MA crosses over the 200 D MA) this weekend, the probability of getting a sequential 9 on Sunday is reasonable....
Hello all, BTC have been amazing all year long, but now I see signs of an over-extended pattern in the medium term. All my indicators make me think it will retract soon. And this time, might be more than the usual retractions we got used to. The TD Sequential Indicator has a peculiar moment where we are completely align in 3 of the most accurate time frames...
Accordingly to the TD Sequential Setup Indicator we are almost there to SHORT it. Looking at 4h chart we might have 8 more hours until a 9th candle from Daily time frame syncs with 4 hour time frame. And then I expect to go down from 1 to 4 days. Take care and pick the sweet spot of reverse, because then we'll going up fast until hard-fork around 16h...