themarketknight

themarketknight

Bitcoin recently experienced a double high, prompting a pullback that some analysts view not as a reversal but rather as a strategic move to create additional liquidity before a potential upward surge. This market development is being closely watched, with a notable weekly target still in play. We are eagerly anticipating whether this pullback will serve as a...

themarketknight

Good morning, fellow traders! Ethereum continues its impressive surge, marking its fifth consecutive week of substantial gains. As we assess the weekly range, a crucial juncture unfolds: we find ourselves at the resistance threshold, teetering on the brink of the range's discount zone. The burning question looms—will the market embrace this level, or are we poised...

themarketknight

Hello, traders! It's great that we've had ample time to dive into ETH/USD chart analysis lately, utilizing tools that haven't seen action in years. Volume and mathematics-based tools are proving to be priceless assets, and a big thanks to the creators behind them. Your journey through the 2022 bullish legs and the application of a simple pitchfork prediction for...

themarketknight

Hey folks in the trading world! So, the Dollar Index is being a bit of a rebel, not following the fundamentals we thought were a sure thing. But hey, that's the market for you—always keeping us on our toes. Right now, we're sitting on some hefty orders, and the vibe is pretty bullish below us. The chart's showing some funky volume imbalances, so it looks like...

themarketknight

Hello, Crypto Warriors! Let's dive into the current Ethereum (ETH) chart. On the weekly chart, we're seeing a bullish range, but on the daily timeframe, there has been a bearish retracement. Given this context, the logical approach has been to consider going long at a 25% discount within the range area, with a stop positioned beneath the zero line. It's important...

themarketknight

Good morning, traders! Here's a quick update on the Dollar Index. It appears to be experiencing a substantial selloff, and indications point toward a repricing into lower liquidity levels. Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as...

themarketknight

Greetings, fellow traders! It's an intriguing landscape in the world of forex, where the dollar seems to have locked itself in a strong consolidation phase. This appears to be driven by algorithmic movements, and over the past two months, we've witnessed price action oscillating within a tight volume range. Highs and lows have been established with minimal...

themarketknight

Greetings, Crypto Warriors! It's a prudent move to remain watchful during these times of Dollar consolidation. Larger cryptocurrencies may be contemplating a strategic move to clear out stop-loss orders at higher levels, followed by a potential push to catch late retail investments in the elevated regions. For Ethereum, this level is around 1750, but the extent...

themarketknight

Good morning, fellow traders! Yesterday, our journey took us into the weekly supply zone, and we initiated a short position, narrowly missing the top by just one pip. Currently, we have daily levels below us, accompanied by a lurking liquidity void. Our belief is that the upside liquidity has already been absorbed, setting the stage for potential short...

themarketknight

Good day, traders! Yesterday, EUR/USD embarked on a substantial rally, affording us three lucrative scalp trades. However, the current price action appears to be retracing back into liquidity zones, potentially offering us opportunities to enter at discounted price levels. Our strategy entails patiently waiting for price levels that represent a considerable 75%...

themarketknight

Greetings, traders! It's important to note that we're still witnessing divergences between EUR/USD and the Dollar Index. This discrepancy should serve as a cautionary signal when considering trade ideas. Our focus is currently on the 105.9 level, which corresponds to the weekly point of control. We're keenly observing this level to see if it triggers a downward...

themarketknight

On the weekend, when trading volumes are typically lower, the probability of a significant upward move after a month-long rally is limited. While we initially had hopes for a successful scalp trade, the current market conditions do not appear as favorable as expected. We've already booked profits . If you're a spot trader or a swing trader, it's advisable not to...

themarketknight

Good morning, fellow Crypto Weekend Warriors! As we review last week's technical analysis, it's clear that we've witnessed a successful range breakout and a backtest of the range high. The beauty of Crypto Weekend's 4-hour structure is that it consistently delivers results. Since our last update, we've achieved an impressive 19% return on our investment, and we're...

themarketknight

Bitcoin (BTC/USD) has witnessed a substantial influx of bullish momentum, resulting in healthy price movements. However, it's crucial to consider the technical perspective. We're approaching a critical juncture, as we venture into the territory where the most significant selling activity transpired during the previous all-time high to low trading zone. Trading...

themarketknight

At this moment, it's crucial to recognize that the highest buy and sell levels for extreme moves in the month of October are positioned beneath us. In light of this, a word of caution is in order. Employing stop-loss orders is not just recommended but paramount. There may be instances where your stops get hit a few times, but this is an integral part of risk...

themarketknight

Currently, we find ourselves within a bullish range demand zone, which typically suggests a bullish bias. However, the situation is not that straightforward due to some upcoming fundamental events that are injecting uncertainty into the market. In an ideal scenario, we would witness a cleanout of liquidity below the lows, followed by a decisive move higher. But...

themarketknight

The range levels that were identified earlier in the morning have proven to be quite lucrative. At this point, we've already secured a 5% gain, and we currently have three active positions that are evolving favorably, potentially heading toward 4-hour liquidity zones. It's been a successful day so far, and we're looking forward to further opportunities. It's...

themarketknight

Good morning, fellow traders. Today, our focus is on the EUR/USD pair, and we find ourselves navigating the daily trading zone. Our strategy involves identifying and utilizing institutional high-volume levels, including those on the daily, weekly, and monthly timeframes, alongside the points of controls and Value areas. Our approach centers on quick in-and-out...