I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone.
This temporary upward movement is envisioned...
This week's bias for EU resembles GU's, but I wouldn't be surprised if EU rises slightly to clear the 2-hour refined supply before dropping to remove the trendline liquidity below. Nevertheless, I anticipate price to eliminate the trendline liquidity and fill the small imbalance just above the demand zone.
During this process, I expect price action to slow down...
This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn.
I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys...
Measured target by measuring the depth of the liquidity reservoir, puts BITCOIN right at 28200 target, which seems that is indeed the next resistance.
Happy trading #NFA
hello traders, update on nas100 potential retest again to the downside. THIS IS A SHORT BUY right now. The market gave you at least 4 chance to catch at least 20 pips every time going down. I will update to the downside soon. Thank you for reading!
IMO tomorrow is going to have a tremendous pull down. Who knows if the pull will continue through the day, but at the open tomorrow.. ohh boy. I got out today at 17.04 (see my previous NCLH post)
My best guess at where the downtrend reversal begins is below the current pivot and above the 20MA.
If the 20MA is not resistance to the fall over the next several...
It can be a retracement finally after a long swing upward couple of days past due to the US under pressure from Covid-19. This might be changing positively slowly as the representative of the state is focusing on the comeback against the pandemic and they have already run much stimulus program for their economy prevention. Can't say it may be fully reversal but...
Initial neutral descending triangle with an upward breakout along with a retest indicating bullish. sentiment.
Safer entry would be at the 200 EMA
Stop loss and Take profit indicated
Good luck, follow me for more ideas!
On the 1-hour timeframe we now see Gold breaking out of an ascending trend accompanied by a rising wedge breakout, favouring the bears.
This breakout was confirmed, twice, as seen in the retest, informally known as the "last kiss".
I predict that gold will reach the support level, and if that support is broken, I see Gold falling to the targets I previously...
Currently Bitcoin is trying to attempt to make a pullback up to 6800 area. This is where everyone should have been bullish in the first place. But because millions of orders flooded the daily 50 area. We could heading thru the $6k area. Be careful bulls. I am still short from 7250. I would take a temporary buy according to the 4hr chart up to 6700-6800.
It's 4Hrs chart and 3 Candle are bottomed, That means 12Hrs. XRP-ETH market was Silent.
In another view If you see Temporary Bottom Then Remember It's going Reversal soon and you can take Approximate 40% Profit of your Investment.
If you'll tracked any Temporary Bottom then Please Private Message me.
Thank you
Ripple hit our projected resistance for wave d and went slightly higher, but triangle is still valid. So be aware of decline in three waves back beneath 0.20 level for wave e, where we see a completion of big bullish triangle, which means that Ripple could explode to the upside out of triangle, probably at the beginning of next year.
