The gold is getting up seems that we have two areas for demand in 4h and a daily time frame diving down to reach higher pricers and activate the stop losses
it's simple if the price could engulf the yellow line, the price will surely go to the bottom of the first level and if, unfortunately, the first level is engulfed by the price, the price can go even deeper to the second level
the toughest level i 've found for Ethereum is the level that you can see don't try to resist or even think about having or opening a buy position in this trend these moving legs are so strong and they are coming from monthly time frame pivots
waiting for the price to reach the Levels I draw these are the taughest levels I've found in the monthly time frame and it needs time for reacting the price to countertrend
from supply and demand analysis point of view,
the areas that can clearly be seen on the chart are these yellow rectangles the analysis is like having the price stop running down on the lowest area and start an upward to the first green candle and the price will be in a trading range for while (1 year or 2 maybe )
the tether has reached the ATH and has a hidden correlation with RSI and I think its time for a markdown from that point to the lower points of the curve
the daily tr and price movement has extended from its previous Tr on top to the same size new Tr on below drawing in green and it can show affect touching midline and top and lowset part of the Tr
eth has reached to Tr base and is ready dor a small bullish move but the bigger trend is downward and we are going down be careful and if you just see any scenario of bullish you are allowed to enter in a long position
luna has reached the lowest part of this trading range and the trading range can be extended to the bottom of the spike move
trade options
1: seeing pin bar and entry bar for long
2: waiting for a true break in 4h time frame and seeing at least 2 candles breaking the surface of the lowest part of the trading range for entering in a short position
As we are reaching to the weekly trading range we can expect a markdown after touching the supply surface and also the trading range ceiling and after that growth of stocks can begin
Bitcoin has reached to the ceiling in a 4h time frame and seeing the candle patterns on the top point of the range for the short position can be profitable for a short time
method: al brooks price action
seeing a rising wedge and considering a trading range after every channel in this method the possible scenario is falling down yo the channel starting point - spike ending - spike beginning the first scenario is having supports on channel beginning price
