As I explain before on my previous analysis on Bonk, i see liquidity going to BITCOIN, hence all altcoin will bleed to downside Market structure also is in confluence with our technical breakdown of the POC level, Price was drowned into the the point of control level and got rejected we could see price drop from there just like other pairs Follow me for more...
The Key factor to watch is bitcoin dominance , we see ETH/BTC pair as broken down which give the flow of liquidity to bitcoin! hence all the altcoin will dry up in liquidity which will make the price of those token drop and we seeing a similar thing when you look at the meme coin king DOGECOIN BONK CHART Looks very similar to shiba inu, price which has...
This was a wonderful trade setup on shorting bitcoin, this was the analysis few weeks ago! We might see a slight pull back from here, or we can see another meltdown cause of weakness !! keep an eye on that level! thank you and follow me for more analysis
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Based on H4 and H1 structure price action is till making an uptrend , maintaining structure of the counter trend and holding the support area of H1, risk is relatively low as price as tight stop loss of 30 pips NOTE; Key area to watch is the last week high cause of price reject the head and should partner but I think price could break it cause of liquidity grab...
Structure to the upside is still be maintained, the only thing I will cation everyone is to look at any fundamental news especially interest rate that will make the dollar stronger. despite that I see we should slowly continue to the upside before retracing below. Follow for more and crazy breakdonws
Daily timeframe We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too. Follow and comment below for more break down analysis
Weekly timeframe Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure H4 Timeframe Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...
Based on structure we see price breaking down of the wedge and retesting the trendline as resistance, we failed to continue high so I expect price to drop and pushing also Altcoin market lower!! Follow me for more crypto Updates
We are seeing in Daily timeframe price action is still in overall uptrend ==> Price in H4 and H1 is retesting the support area and also price is forming a double bottom ==> Price action is now retraced after breaking the neckline of the double bottom which give it a nice risk to reward setup for a continuation based on the range of the double bottom...
We are seeing aggressive buying power as market structure is still maintaining to upside ==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone ==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a...
Nice head and shoulder formation in H4 timeframe, ==> price has retraced to retest the previous resistance as support, ==> Also price is respecting the 38.2% fib level so we could see a massive move to upside ==> nice risk to reward setup
Based on the trend, we seeing a transition to upward trend , basically key point to note is price action trend to be in slow waves when it respect the 61.8% fib level so we shall see another leg up to our target Follow me for more break down
Simply market structure has changed , price respecting fib level. Nice risk to reward follow me for more updates
Price is facing huge resistance and liquidity short. so we see a nice break of structure and now price is respecting the 38.2% fib level so nice short FOLLOW ME FOR MORE BREAKDOWN
So basically we can see price action is on downward trend from weekly to daily timeframe, --> its respecting the upper bound of the channel and midlevel of the resistance liquidity level, --> Price broke out of the Neckline of double top of the respected Fib level we could see a continuation to downside Follow me for more updates
As a potential setup we could see price continue to the upside if the price break out of the consolidation level. with a nice candlestick formation Follow me for more update
Self explanatory --> Price action Trending upward HH and HL --> Price respecting the fib level of 50% and nice rejection and as it broke out of the minor consolidation we see a nice engulfing candle indicating momentum to upside. Follow for more setup!!