AlkalineFX

AlkalineFX

Could we really begin to see some sell pressure on the XXXJPY after a huge bullish cycle? Price action suggests it. A strong sell breakout presented and lured FOMO sellers into the market. Now they have been wiped out, we can consider joining sells with the big boys. I will observe if price continues to react to these minor supply zoners at market open. If...

AlkalineFX

Price action has trapped both buyers and sellers in this range. First, we have head and shoulders sellers being lured and stopped out and now we have smart money order block traders being taken out. Since the market has taken both buyer and seller liquidity, institutions may have enough fuel for the next impulsive move. My bias is bullish into the equal highs...

AlkalineFX Updated 

Personally I believe the respect from this supply is suspicious. I get the sense that this is a sell lure for a trap. The reason for this is because of the basic smart money mitigation and the lack of interest from the key psychological number. I get the impression that price will not hold this supply and for that reason I will be considering a buy position to...

AlkalineFX Updated 

In my last idea, I gave you the sell forecast. Hopefully, you have been able to use the previous analysis to locate a sell. When we hit our target we can begin to look for buys from the daily demand back up into minor supply and imbalance. Always wait for price delivery to the demand, observe price action and more importantly rejection before you make any...

AlkalineFX

Price has trapped sellers with the false breakout of the head and shoulders. Since we have already swept a strong area of support to the left, I believe price may want to react at one of these major demands for buyers. I have my alerts set and will take a buy trade with the team IF criteria is met. Traders, if you have your own opinion about this idea, write in...

AlkalineFX Updated 

The buyers that used the 20K supportive region to buy got liquidated, subconsciously they will now use this previous support as resistance. I think the market will take advantage of this thought process to liquidate buyers who turned sellers all over again. We have created a minor head and shoulders pattern, when we break out of this and lure more sellers into...

AlkalineFX Updated 

The sell-off was huge from the main supply zone. Traders that missed the sell will be expecting a deep pullback but I think a minor one will be sufficient for the next leg down into demand. I have illustrated both levels of interest for sells. Good luck traders! 💬

AlkalineFX

Most XXXJPY pairs are well overdue a correction, this does not mean they will turn bearish, it simply means a correction is needed to gather more liquidity before shooting off again. Ideally, I would like to locate sells from the daily established supply. However, I won't rule out the possibility of a final liquidity sweep above the high before sellers...

AlkalineFX

The key psychological level of 135 provided immediate resistance for sellers but is now showing signs of being a sell trap. Since a high amount of sellers joined at the key level and the trend line breakout, I believe liquidity will be targeted above this high before we see any signs of bearish momentum. When the liquidity has been taken, I will be looking for...

AlkalineFX

Don't trade the head and shoulders pattern the retail way, trade it the smart money way. ⠀ If price is approaching the neckline to breakout, don't join with the retail sellers, wait for manipulation to join at the appropriate order block or imbalance. ⠀ When price finally breaks out and trappers huge amounts of sellers, look to the left to identify an area of...

AlkalineFX Updated 

Price gave buyers hope but that came to halt shortly after. If we incorporate our same view of BTC into Cardano, then we should really see another sell-off before buyers combat it. Because the demand price is trading at currently is so weak, we may see a drop off from here OR once the break and liquidity gets swept (As Illustrated) I will keep you updated on...

AlkalineFX

I am hoping this coin can respect this area of daily supply to give a beautiful drop in price to the remaining fair value gap areas. I will be looking for entry points on the lower time frames.

AlkalineFX

Previously I did an idea that shows a great area to buy slightly lower. However, at second glance, we may get buy rejection sooner than expected If price sweeps these EQL's and gives rejection at the last sell before buy zone, then we can consider entering here with one of our buy entry methods. Let me know what you think in the comments 💬

AlkalineFX

As I mentioned to my members, the main goal in this current crypto market is to sell the rallies rather than buying the dip. Price swept the support liquidity leaving a large fair value gap that has now been filled. The 50% of this breakout candle has held extremely well and lots of wick rejections were presented. Could we now see some sells again? 💬 I will...

AlkalineFX

Like most XXXJPY pairs this one is also extremely over-extended. I find it hard to believe that market makers have made it so easy for buyers with a simple trendline breakout buy. This will be liquidity to target when sells do become available. That leads us to when sells will become available. The answer is unknown but we do have two strong key psychological...

AlkalineFX

The supply was successfully mitigated and sellers have been trapped and liquidated. This suggests sellers are now ready to create the next impulsive move to the downside. I will be observing price action at market open to locate a potential sell entry.

AlkalineFX

Price is currently using the previous structure as a barrier to lure sellers into the market. Sellers may get slightly hope but it is likely that buyers will take control once the fair value gap and daily demand are met. My alerts are set and ready to join buyers when the time is right.

AlkalineFX Updated 

Price aggressively pushed away from the key round psychological number of 140 and created a head and shoulders formation. The majority of traders who missed the breakout will have attempted a sell at the EQH's - they have now been liquidated. The only liquidity that remains is the sellers with stops above the right shoulder. I am observing price action around...