Buying WTC due to; 1.Market Structure (sitting in consolidation). 2.Rotating Rhombus 3.BTC in downtrend meaning opportunity for other coins to trend up
1.Break & Retest 2.Market Structure 3.Pinbars to the left 4.$144.50 target
Resistance Retest & Fail. Structure. Look left.
Bounced off longterm TL. Target 1350 prior to NFP
Based on confluence & market structure. LSK is a short given impulse & correction waves currently taking place.
I see an upcoming drop to $6400 which will take roughly 1 month Max Confluence 1.Double Top forming on the weekly 2.SEC news & other crypto FUD causing massive volatility 3.Possible impact of NFP ? 4.Crypto Metaindex MTDX presently close to 282.50 which is an ATH, as such a correction may be impending
Both options appear possible. Wait to see how it performs
EJ is too weak to box with God
Bearish impulse at the 38.2 on the 1HR TF. Bullish flag on 1hr timeframe suggesting the downtrend should continue (confluence) Could potentially retrace to the initial bullish trend starting point
1.BCHUSD has consistently made impulse moves at key psychological levels ($100 value). 2.Impulse moves are often followed by corrections 3.The current market trend is bullish with positive sentiment. 4.The trendline for the present price range has been established a retrace could possibly be underway. 5.The previous impulse downwards passed both the 38.2 and 61.8...
BCHUSD has consistently made impulse moves at key psychological levels. Our projection is that this trend continues to the upside as the downside of the impulse has already passed.
I previously thought this pair would be bullish but given the current market trend i believe it is bearish. What appears to be a downward flag on the 15min chart as well as a bearish channel in a higher timeframe (h4). Bearish on multiple timeframes. USD FOMC news in 5 hours may confirm
Shorting NZDUSD due to what i beleive is bullish sentiment on the pair. Waiting to see if it breaks outside the current consolidation zone as seen in the chart.
AUDCAD potential short due to it being in a bearish channel.