RuckSack

RuckSack

I've been looking and looking at BTC on various time frames and I can't make much sense of it. The 4h is a mess and the 1D doesn't provide a clearer picture, this simple weekly chart is all I'm looking it for now. Around 6300-6500 is the crucial range where I'll need to see some signs of life. Still the orange TL doesn't provides a clear opportunity as price...

RuckSack Updated 

Gold has an interesting daily rejection level worth watching at 1504. I don't have a specific trade idea highlighted yet as there is some mixed signals between the uptrend and bull flag, mixed with those intra-day rejection wicks.

RuckSack

Gold isn't my favourite chart right now but there is some vague structure here, this analysis is based off that structure even if i'm not fully convinced of the outcome. The thesis is predicated on price coiling at the 1460 Res zone and getting an on Vol break of the Yellow TL. So with that in mind this idea could be dead in the water pretty quickly if that...

RuckSack Updated 

Looking to see if EURJPY follows what it did previously. I'm not big on expecting the markets to copy exactly what has happened in recent history, but there are quite a few interesting similarities here.

RuckSack Updated 

Potential Daily inverted H&S pattern. Looking for a close above the neckline.

RuckSack

Nice tightening formation. Topside TL is objective in terms of it's predictability so I wouldn't be looking for entries on bullish moves.

RuckSack

I'm not the only person to point out the potential of a descending triangle on Bitcoin but I think it's worth watching. We had a 4h Div which played out intra-day but has yet to really move price towards the lower SL. E1 would be objective due to the moves below in the past, but on the 4h it does support a break. E2 would then be the official trade point so...

RuckSack

Topside TL has been heavily defended so far on USDCHF. Break above many not signal a move higher as Div could be extended if price fails once above. Re-test would then be on the cards so either way you try to slice this one makes sense. Will be a very interesting watch.

RuckSack

Looking for Oil to push up to the Red TL where an objective short entry might be possible. Price action and Div would be important here.

RuckSack Updated 

Daily range is about the only thing that makes sense here. There's very little at or below current price to base any longer trends on and key levels are hard to pin down. Bias is on a long with Div/trend break.

RuckSack Updated 

This tightening range is still holding up, although recent movements are starting to not respect it as nicely. I'm still looking for a push up to 1.334 to see if there is a failure at that level.

RuckSack

1 Hour trend is still intact but only just. Could be an objective entry back to the top of the range on a positive movement higher.

RuckSack

Close above 106.7 would be significant if we keep the hourly uptrend. If trend breaks then bottom of the range is 105 with 104.8 being the swing low from Jan dump. The gap down to start last week was interesting, it was pretty quickly bought back up which shows a lot of support lower down...at least right now.

RuckSack

116.567 is the crucial level for me. Will be watching to see how price interacts early in the week and if we bounce then look for topside TL break. Tightening range would help us here.

RuckSack Updated 

Possible 4h Triangle, looking for On Vol break on a move lower. If price closes above the TL then this is invalidated.

RuckSack

Gold is tricky right now, Macro's say go long but technically there hasn't been or isn't an entry point. Chart looks ready for a pullback but I think Fundamentals are driving this right now...but until TA gives un an in, we're on the bench.

RuckSack Updated 

Got caught looking bullish yesterday and wasn't able to fully analyse the situation before the bear break. Div entry was valid though and should have been an official trade. On the positive side the 1D TL/wedge has been moved to BOD status and is confirmed for further tightening, so either low side Div or sit in the pocket until we approach the top side again.

RuckSack

Looking for an opportunity if we head back towards ~58 TL