DoryFish

DoryFish

My thoughts on KUCOIN:ALGOUSDT : **Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will...

DoryFish Updated 

Some thoughts on OPULUSDT: Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish. 12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level. 4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken. 1hr: Showing...

DoryFish Updated 

On the daily timeframe SOL has pulled back to a key area of interest for accumulation - the 61.8 fib level. It is currently testing the cradle of the 10/20EMA and a break above and hold / EMA twist could see the start of a reversal. On the H4, we've started some bullish activity, and are currently being held up on the 100EMA. If BTC holds this range, I think...

05:30

DoryFish

In this video I shown an idea that I'm working on that combines the use of a Gann Fan and the Fib Retracement tool to determine entries on the lower timeframe.

DoryFish Updated 

ENJUSDT has had a strong run up to this significant supply level. At the moment, we appear to be taking some time here to consolidate prior to attempting another push through. the price action is forming an ascending wedge structure, which I'll be watching closely to help determine where to place my long orders. If the price breaks below the wedge, I'll wait for...

DoryFish Updated 

ADAUSDT has been forming a Wychoff distribution pattern, this resulted in a bearish push lower, but price has been snapped up. The recovery has resulted in the price action "jumping the creek" of the downtrend and is starting to form up as a bump and run bottom on the 1h timeframe. Target for this play is the top of the previous trading range, where the Wychoff...

DoryFish

I'm seeing a clear Wyckoff distribution pattern emerging at the moment. I've depicted this on the 2h as it shows the key events and phases of the distribution of Wychoff the clearest. We have had a trading range formed between 43k and 48k, and one final upthrust after distribution (UTAD) occur above the trading range to trap late longers and to provide liquidity...

DoryFish Updated 

BINANCE:SRMUSDTPERP has seen a recent push and is forming a pennant on the 1h timeframe. Demand has been drawn off the 1h pause at the base of the pennant and then refined on the 15min timeframe. Entries are to be staggered between the base of the pennant and the top of this demand block, with the stop loss positioned below the demand, as indicated by the long...

DoryFish

Long off the 100 EMA on the 4h back to ATH at 50k.

DoryFish

ADAUSDT has had a huge push since late December, culminating in a 150% gain, before making its first sign of weakness with a lower high. A triangle structure is forming currently, providing a roadmap of where price action may potentially go. Using this road map, we can set ourselves up for a higher risk reward ratio trade before we reach the end of triangle, where...

DoryFish

XLMUSDT is starting to show signs of weakness, the 10 EMA has crossed below the 20 EMA for the first time since the fundamental news regarding the Ukraine banks. blockchain.news The breaker block at the 61.8 fib level has already been tested 3 times, so it is likely that this will be the last chance to hold bullish momentum for the XLMUSDT pair. Look for a short...

DoryFish

After the initial pump and FUD based dump, SUSHI has been through a period of consolidation. It has made an Adam and Eve double bottom and a subsequent lower high, whilst simultaneously breaking the descending Fib channel. There is an opportunity for a long with a target of the kumo cloud on the 4H. The red crosses mark the expected timeframes for price action....

DoryFish

The bullish momentum at the start of July '20, gave ADA the strength to smash through the weekly order block between 1000 and 1100 sats. This created the opportunity for a long entry in this area, if there was a successful re-test and hold. However, ADA has not been able to hold this significant level and has broken through to the downside with a solid close on...

DoryFish

XBTUSD has broken to the bottom of the H4 ascending triangle structure that we have been forming since the start of August 2020. Since then, we have re-tested the underside of the trend and rejected, and have progressively been making lower highs and lower lows. We have now formed a parallel channel, creating a trending short opportunity, with a target at the...