Patrick2707

Patrick2707

Based on the current price action on DOGE we may have a potential retest of the highs which induced the current bearish market. We have failed to create new lows and we have held the current lower highs residing at the 0.0600's. A clear invalidation has been established around the 0.600's. The level will now serve as current lower low invalidating any long...

Patrick2707

Based on the current price action on BTC we can expect the following scenario. As you can see we have had a nice retest of the higher ranges which failed and gave us the necessary momentum to take the following short. Some profits may be taken at the current levels and we may be expecting a retest of the lower low (representing the overall 4H and HTF lows) A...

Patrick2707

Based on the current price action of XRP we can expect lower price action. In light of the SEC and its investigations targeting XRP the crypto has managed to retain a decent amount of trading opportunities. Taking into consideration the current market we have noticed an attempt from the bulls to break the 0.3798's level. The following attempt failed and has led...

Patrick2707

Based on the current price action we can expect a retest of the lower ranges on BTC. Taking into account the fact that BTC remains the leading indicator (to a certain extent) of the alt market we can assess the following. As noted on the chart we have fully profited from the precious 'dead cat bounces' and the bullish price momentum in the current bearish...

Patrick2707

Based on the current price action of LTC we can expect a significant bearish price action. Similarly to BTC, ETH and most of other alt coins LTC has faded away from its bullish price action of the last days. Taking into account the current bearish trend lower price action can be expected for the upcoming days (and weekend - be aware of extra volatility). The...

Patrick2707

Based on the current price action on ETH we can expect a draw down retracing around 1350's and lower ranges. Despite the bullish momentum of the last days we have remained in a bearish market and have not managed to create higher prices. Considering the following points of reference we have reconfirmed the bearish/short trades (feel free to refer to the previous...

Patrick2707

Based on the current price action BTC has broken above the 22600's resistance and can now head towards 24500's - 25000's. Despite the following we remain in a bearish market until the 28000's is flipped. As a continuation of yesterday's trade (long scalp) we can expect higher price action and a mark up from the current levels. A clean close below 21900's...

Patrick2707

Based on the current price action a high probability opportunity offers itself for BTC to head for a retest of the higher 4h/daily rage (22K level). A quick break down swapped liquidity around the 20900's lows and will eventually trap the late bearish traders. A proper break above the current lower low of the range (lower red line - 21000's) will indicate that...

Patrick2707

Based on the current price action SOL has developed as expected and continues marking down towards our main target: 22.085 (depending on your broker and exchange). Considering the liquidity remaining in the market we can expect the following scalp to take place. A push back up into the 35.915's area to then target new lows around the 33.800's and 32.900. The...

Patrick2707

Based on the current price action on SOL we can expect a sharp turn down in favor of the bears. The current market flows has shown a failure on the part of the bulls to expand their momentum. In order to have a clear bullish confirmation we should expect the 38.900's level to be flipped and broken. Be aware unless the following level is clearly broken (no wicks...

Patrick2707

Based on the current price action on ETH we can start expecting short sellers to regain a strong hand on the market. We may expect a few wicks or fakeouts (above 1285's) to trap the bulls which will be followed by a mark down to retest lower levels (1020's and ideally 720's). The bearish sentiment remains for ETH until 1765's level is flipped. Similarly to...

Patrick2707

Based on the current price action on BTC we can start expecting short sellers to regain a strong hand on the market. We may expect a few wicks or fakeouts (above 21600's) to trap the bulls which will be followed by a mark down to retest lower levels (18000's, 15000's and ideally 12500's). The current trend has favored and given signs of strength on the sides of...