MARKET REVIEW My previous analysis was proven right but i ended up taking 2 losses be the Buys actually happened. This only tells you that analysis isn't all there is to trading, you have to be right also with your Timing & Execution.
MARKET UPDATE We've finally seen BTC @$100k after the long wait. So what's next on BTC Price Action? My next Target is $110,000 which was the highest point it got to before the drop. With the current momentum i don't think it'll make a deep retracement before getting that price target. MARKET PROFILE I want to see a displacement to the upside earlier in the...
MARKET UPDATE Price violated my trade thesis the previous week after having a hard time displacing to the downside to complete the Distribution Phase. TRADE OUTCOME I took a full 1% loss on this trade idea(my risk was managed).
MARKET CONDITION From my previous post i said i was anticipating a Accumulation, Manipulation & Distribution market profile and it seems like the first two phases has been completed. I would want to see huge movement to the downside this new week to start the Distribution phase. TRADE UPDATE I'm currently in a swing short from that daily supply zone and i'm still...
MARKET UPDATE After price ranged for most part of the week we've seen an impulsive move to the upside pre NFP. Heading up into NFP News Release I still remain Bearish on BTC (But NFP will decide). MARKET PROFILE I'm viewing the market profile of this week as an ACCUMULATION, MANIPULATION & DISTRIBUTION Model. We've seen price Accumulate earlier in the week...
INTRO BTC has broken out of the descending Trendline just as anticipated but it's now trading at a premium, so let's breakdown the levels i'm watching and have a clear view on what to expect this week. 1. MARKET OVERVIEW BTC has showed an impulsive move to the upside these previous weeks. While some might be thinking of jumping in on this buys that has been going...
TRADE UPDATE As planned for the week price traded to my POI just as i'd anticipated (without getting to my DOL first) so i took my Long Position and it got to my TP for a quick 1:3RR. KEY TAKEAWAY I followed my plan and waited for price to come to my level without chasing it(even after the quick spike up to begin the week). Patience Pays!
1. MARKET OVERVIEW GU has been on a very strong uptrend since January so i'm expecting that momentum to continue this week aiming for the old high @1.34343 which is also the Previous Year's High (PYH) and a Key Level. 2. KEY LEVELS I'M WATCHING * Draw On Liquidity(DOL): 1.34343 * Point Of Interest(POI): 1.32411 - 1.32500 3. TRADE BIAS & SCENARIOS I'll stick on...
MARKET UPDATE. Price broke out of the Descending Trendling and has pulled back to retest the Trendline and a Key Demand zone. Stacked Confluences: 1. Trendline Break & Retest. 2. Liquidity sweep below support. 3. BOS after price reacted from the Demand. I’m watching for continuation towards $85.8k and beyond. If bullish step in here this could be the next...
1. MARKET OVERVIEW BTC has been respecting a Descending Trendline since the start of the year, but it has just recently broken out of the Trendline to the upside making this year's high(@$110k) a possible target. This week's Price Action will give us more insight on price willingness to want to continue higher. 2. KEY LEVELS I'M WATCHING * Supply Zone: 86,186 -...