Link to bitcoin video below We have come beautifully off the level highlited in the video and I am now looking for this block to break through for a run down to 44k. IF you are short - remember to pay yourself
Vid explaining why I posted the DXY and Fibre Long Term Chart
So my timing was a little off on LTF and on HRF we needed to make another high here. I am still bearish bitcoin on a technical level. Please understand this is only my view and what I see technically. Fundamentally I have no idea about bitcoin. But from a technical perspective it seems we are in a beautiful short area. Its just about when this wants to drop. I...
Thoughts on BTCUSD and why I think it wants to run 44k
Aiming for levels as shown and then roll over again on the DXY weakness after stops taken
FROM THE START OF 2021 WE ONLY TRADED UPWARDS UNTIL RECENLTY. WE MIGHT HAVE THE HIGH IN HERE WITH LOADS OF DOWNSIDE POTENTIAL ON THE DOLLAR. WE STILL NICELY ABOVE THE YEAR OPEN WITH A LOT OF DOWNSIDE IN PLAY TO REACH THE YEAR OPEN AND THEN CREATE THE DOWNSIDE FOR 2021 LOOKING DEEP DOWN BELOW 80 IT SEEMS WE CAN RUN DOWN TO 78S TO HIT THE MAJOR LIQUIDITY LEVEL....
Will be looking for longs during the rest of this year targeting 1.3000 Monthly/Weekly/Daily price action is looking really bullish to be. We still below the year open so such an interesting time to see how we expand away in the coming months. Will be keeping an eye on dollar weakness
Daily levels I am interested in for the following week
As previous Take 1 I am still bearish UC
Brush up on my prop accounts and whats going on with the dollar
25112020 2 hours Pre FOMC - DXY and FIBRE Review
Shes coming to dadddy ;)) Check W/C 16.11.2020 chart
Monday - London is done. Moving into NY now and I think the Sunday Gap will act as resistance here for the down move I am looking for.
Still looking for weakness to take out blue levels - Then off to 91.50 Last week Thurs/Friday was so slow but I liked that we drifted down and respected the resistance above market. I will be looking for trades on fibre, aussie, cable and gold this week. I will also keep an eye on Loonie and kiwi to see if I can pick something up. Follow for updates - will...
I do not trust trend lines - We also need to break the weekly "trend line" below market. Short opportunity for loads of pips here
As shown with dollar review - see link to related ideas
A quick explanation of changing bias and getting back in sync in opposite direction to original thinking
Tuesday - Dollar has bounced so far this week possibly about to create the high on Tues/Wednesday. Will see tomorrow morning London session what happens but I think we are aiming for more downside from here. I had this FVG drawn today from the drop last week and yesterdays high. We basically nipped above yesterdays high into the FVG and I want to see what kind of...