We took out the bad highs and single prints we identified, then overshot a bit on a news squeeze during illiquid Sunday hours. If you mark the Feb 3 lows, which is the low before the entire Feb range, we reclaimed, but did failed auction and then gave a perfect bearish retest before selling off again. At the time of writing we backfilled the entire imbalance, but from previous examples this kind of momentum rarely holds with that much targets below us. I can see a small bounce, usually we get 236 or a bit higher during these waterfall sell-offs, so looking for weakness around there is a great continuation short if you can find a local setup and invalidation. Reclaim Feb 3 lows would probably cause us the squeeze a bit higher, but we'll deal with that if we get it. Expecting our imbalance below to get tagged in the near future if we lose 85k. From there it's 'pray that the lows hold' because it's not looking good. One more thing: we have a huge CME gap that is almost backfilled now. The level on a perp chart would be around 84.1, which would be a level to watch for potential bounces.
This is by far the craziest price action that I have ever experienced during 4 years of trading in Crypto currency. The positive sentiment just dropped last night, right after US President Trump, announced that they will make crypto reserves (SOL, ADA, XRP). . 20 hours later, the price dropped significantly, 9% less than a day, for BTC. Followed by many dropping alt coin. This shii WILD. . The next question is, What will happen next? Nobody knows, keep monitoring the data during this critical time, especially since now is during US time. Trade Responsibly n Carefully this time XCO
NASDAQ:ACT is approaching the green zone ?, where many traders previously entered. ? What’s next? We need confirmation before entering a long position. If buyers step in, we could see a potential bounce from this zone ?. ? Potential Move: ✅ Waiting for confirmation at the green zone
Bitcoin’s price trajectory hinges on critical technical levels. Should Bitcoin fall below the key support zones—referred to here as the 'red lines' and t he bold black line —it risks entering a bear market, potentially signaling the end of the current bull cycle. These levels are pivotal for sustaining the parabolic bull market’s final leg. Following an initial decline from current levels, Bitcoin is projected to drop to approximately $70K, where it may consolidate for a couple of months. For the best-case scenario to unfold, Bitcoin must hold above the critical $70-77K threshold and execute a sharp V-shaped recovery. From there, a robust rally could propel it beyond $100K around August, culminating in the cycle’s peak in September at its highest point. While this outcome appears unlikely in the short term, it remains the most favorable projection, contingent on Bitcoin maintaining strength above the $70K line. Failure to do so could prematurely terminate the bull cycle.
Break of 8.88% to indicate ALTCOIN rally? I'll be keeping an eye on this specific level and going deeper in ALTs if this happens.
Hello traders, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is Stop Loss set when opening a trading position, which ensures every trading is risk managed. My 1 to 1 trading training is available, please message. Trade well and good luck!
liquidity sweep to the upside taken out a lot of stops it will now move lower
Our weekend analysis is playing out as planned. We look forward to resume selling on Gold once our entry criterion is met. Once we get the crossover of the MAs on 15 mins we will commence the sell
We are actually having two possibility, i'm neither bullish or bearish but i'm pretty sure it's moove big if either it breaks the 0.618 or breaks the 0.5 of fibo
The price made an explosive move up and then fully retraced. Now, the price is at our buy zone, where we can expect a continuation to the upside, but we must be cautious of a potential false breakout.