LINKUSD EQUILIBRIUM BREAK COMING 8/14/19Link USD on the Daily has been in this Equilibrium pattern for sometime now and we should be breaking out of this pattern by the end of the week or beginning of next.
Equilibrium
BTC Update! Bear break on Equilibrium!We got the break of pattern as expected today and unfortunately for bulls, it was not direction we wanted. I personally had stop buys set over night in case the opposite happened but as stated before, these are 50/50 chances so you have your exact entries and if the bears win then no harm done. Opportunities to play oversold bounces but thus far not interested personally. Depending on bears safest entry to short in my opinion was loss of the $11652 support from the higher low on 4 hour. However if you broke it down to 2 hour or hourly chart then there was a safe entry at $11750 to also short which gave a nice 4% return in a couple of minutes for bears or they are just sitting very comfortably in position now with stop losses at or near break even.
Bears crashed through the 3 most recent higher lows (now made dashed lines for clarity) and bounced off the final support from this pattern we have. Personally am expecting this final support to eventually cave and bears managing to get price down at or below $11k. So $11,170 is the low to watch from todays drop (essentially the double bottom from the $11,187 highlighted days ago). Bulls giving the typical bounce here but nothing too impressive and just cooling off lower time frames RSIs and allowing for a lower high to be established and bears to hop back in is my expectation. So continuing to sit comfortably in all cash for my trading position and will await next setup (ideally an oversold bounce play with a drop under $11k). If bears are unsuccessful then will patiently wait for next setup the charts give. Patience.
Just My 2 Sats
BTC 4hr EQ set upHey, as you can see on the chart BTC is currently in a textbook Equilivrium pattern (tightening range). Right now bulls have exponetnail support on their side and can look for a bounce attempt here to favour a bullish break of this EQ.
If exponential support is lost I will be favouring the bears in this Equilibrium battle. I will not be trading within this range and will await a break out to the upside if it happens to enter positions.
BTC Update! Equilibrium continues to tighten! Ready to burst!This is getting tighter and tighter. Last nights post we were watching to see if bulls could break the pattern bullish or if they'd have yet another lower high. The latter happened as bears defended their key level by $38.
Those not familiar with equilibrium's, I have tried to outline it with the lines drawn from each lower high and higher low (red and green lines from key levels within oval).
Essentially what we see is our initial high at $12,320 and our initial pullback low at $11,187.
From there it's a series of lower highs and higher lows. This creates a coiling or tightening pattern as the bulls and bears defend (bulls defending against lower lows and bears defending against higher highs). As each side defends successfully, the pattern coils tighter and tighter until eventually this pattern will become tight enough that one side caves and we most likely will see a break with significant follow through. Equilibrium patterns are essentially 50/50 patterns so knowing the key levels is very important.
Many will play the symmetrical triangle pattern off of these setups as they are essentially the same idea. Key difference in my opinion is in equilibrium's, we are using specific price points based on prior lower highs or higher lows. Triangles are relying on lines drawn and as is case with this one, many likely bought in bullish last night in the $11,900s only to see minimal follow through from there and just another lower high at $12,050 as the bulls did poke above the triangle but did not break above to a higher high which leaves those playing equilibrium's safe from a premature entry.
One could also play this equilibrium by attempting to load up bullish as we near support (most recent higher low) knowing it's a low risk as they'd set a stop loss just below the prior higher low. Or vice versa with bears who would attempt to play this by entering near resistance (most recent lower high). This is commonly known as bottom fishing (for bull entries) and top fishing (for bear entries). Both offer low risk entries or you wait and play the actual break of the pattern.
So currently we seek for bears to defend their most recent higher low of $11,451 and bulls established another lower high last night at $12,050. Once this pattern breaks (would be shocked if it does not break one direction today or tomorrow), I personally do expect significant follow through and will play the pattern accordingly if bulls get the break their direction. If bears get the break then I'll wait to see follow through and if bears can drive the price ideally below $11,000 to offer up nice oversold opportunities. Long winded explanation today but hopefully it helps some of you!
Just My 2 Sats!
BNBUSDT Breakout Imminent Hello Traders,
Thesis on BNBUSDT, flex zone approaching, equilibrium playing out...
Points to consider
- Overall daily trend is bullish
- Stoch is neutral
- RSI neutral
- Equilibrium is playing out on the 240 time frame, a breakout any direction is possible
- Volume declining, signalling a breakout
- Fib retracement to .618 acted as support, right now testing .5 Fibbonacci
BNB is in a position where it will breakout significantly in either direction, we currently have an established uptrend with multiple touches on the 240 time frame, a respect of the trend line will see us break up, however this needs to be confirmed with high volume...
What are your thoughts on BNB's next move ?
and remember,
The market can stay irrational longer than you can stay solvent - John Maynard Keynes
BTC bearish divergence. Short term bearHey,
This is quiet a simple analysis.
As we know, we are expecting a daily tightening range (equilibrium) for BTC on the daily timeframe which means a lower high under the 11,150 zone.
Now zooming into the 1hr chart as we get close to the resistance zone, it is apparent we have a hidden bearish divergence, as you can see by the lower high formation on the RSI.
Furthermore, we are seeing the divergence trend line steepen upon the RSI San price action is becoming more horizontal and less vertical showing that the short term trend reversal is now favorable.
Day trading bears have an excellent opportunity here and can short with a SL at 11,200.
ETH/USD: Potential +388% Setup - Breakout soon - Multi-TimeframeDo not forget to leave a like and follow not to miss any of my setups. They are truly appreciated:)
Starting off with HTF we are looking for a strong weekly close above $225 as it reflects our long-term POC (ever since ATH). Followed by a run-up to POC of the recent sell-off at $306 there would be potential to form a range between $269 - $306 before taking off to new yearly highs.
Potential price targets based on liquidity pools: $269-$306-$397-$466-$619-$787-$866-$1047
A break of $169 would indicate a dump to yearly POC lying at $138.
Leverage: 3.5x (Liquidation price: $161)
Make sure to check out the comment/update section regularly for both LTF and HTF analysis.
LTF: Low-timeframe (1m - 15m)
MTF: Mid-timeframe (1h - 4h) (addition: MTF is the term I am using for myself)
HTF: High-timeframe (12h - monthly)
BTC Update! Continued battle between bulls and bears Bulls and bears have put on quite the battle for the last 2 weeks. Last chart we sat around $9550 and I was watching our large range of $9000-11,100. 6 days later and we continue to be well within this range. I was personally looking for some oversold bounce opportunities as well as a possible flush below $9k. We did see the sell off from mid $9000's down to $9108 with a very quick rebound of 6-7% within a couple hours. Positive of this is the bulls defended the prior low of $9,071 by $37 so essentially a double bottom. We now have support building with touches at $8919, 9071, and 9108. Our weekly candle remains an inside bar with bulls last weeks high of $10,688. Most importantly to me personally is $11,112. If bulls cannot break that and set a lower high here then we will be tightening up an equilibrium pattern. We have our higher low at $9108 and then would be the lower high (anything under $11,112) on the daily chart. This could cause continued extension of the range for a while longer.
Personally I did not play the oversold bounce as was not at a computer and move was just too quick for me to get to one and act. I did personally enter a small trade position around $9700 and was utilizing $9300 range as my stop loss (more clear on hourly chart). I have since raised my stop loss to $9800s to make it a profitable trade regardless. Another leg up today or this weekend would have me moving SL up towards 10.3k assuming the pullback to $10,321 yesterday can hold today.
Alts seem to continue to struggle greatly compared to BTC which really doesn't have me interested much in anything else at this time.
Just My 2 Sats!
EUR/NZD: Potential 410 pips - Long with 11.0 R/RDear Traders all around the world
EUR/NZD engineered liquidity below the 29th of April low and formed a 12H bullish rejection candle while it approached our daily Orderblock.
Therefore I am anticipating a long with a 11.0 R/R ratio while watching PA closely once we are approaching the highlighted levels.
POC: Point of Control
EQ: Equilibrium
GBP/SEK: Q3 + Q4 trade with huge potential - don't miss this!Dear Traders all around the world!
Feel free to leave a like and a follow not to miss any of my trades:)
This is more of a mid-term trade as we are using the weekly chart . A short-term analysis will follow shortly after publication of this analysis.
GBP/SEK respected our bullish OB and closed last weeks candle with a rejection formation while hitting the 3D 200-EMA to the pip.
As for now we are watching for a solid weekly close above 11.9486 . Updates on HTF confirmations like daily and 3-day will follow.
While expecting a run to 2015 levels by EOY as liquidity remains above 2016 yearly-high this is a solid 11.0 R/R trade.
EQ: Equilibrium
POC: Point of Control
HTF: High-time-frame
LTF: Low-time-frame
R/R: Risk/Return
LONG - BNB - Trading Opportunity#BNB/BTC #Binance - Seeing some volume coming in at the EQ, possible touch to the high in coming. good r/r
Entry: 0.0040200
TP 1: 0.0043866
SL: 0.0039199
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BTC Update! Inside bar bear break, bulls hold support by $23!Wow, what a crazy day. Earlier I was watching the inside bars to see if bears would get their bear break below $7570 and then eventually below $7427. They got the bear break below $7570 and on pretty good volume for price to drop $120 in about 10 minutes. This bottomed at $7450, so holding the low of this pullback by $23. Bears were unable to get any further momentum to the downside and we are currently seeing a very nice bull move. Sticking with the daily chart here, $7933 remains level to watch for bulls to get ahead and then psychological $8k once again. But thus far on the pull back we have our low, a lower high, and today got our higher low just barely. If bulls fail to get above $7933 here it will be another lower high and this will give us a nice daily equilibrium in a fairly tight range to watch. If we do get above $7933, I would also watch our 12 EMA on daily as we rode that for support for weeks and often see what once was support then becomes resistance once we fall below it.
But the bulls definitely defended their low today and lets see if they have the steam to change trend back to their favor or if the bears reload.
Just My 2 Sats!
BTC Update! Equilibrium Bull Break!And heres what we have been watching and waiting for! When these patterns tighten and people start piling in and then anyone just watching the order book as we approached back towards $8175 to get an insane bull volume and popped extremely fast to $8700's. I do expect some profit taking from many who trade these patterns here so may see some quick swings but overall trade setup and pattern worked very well. Pullback this morning towards 12 EMA on daily to perfection. It happened faster than I anticipated and thought we may bounce around for 1-2 more days trying to find a higher low but bulls jumped quickly here.
Happy Dance! Happy Memorial Day! Happy Trading!
Just My 2 Sats!
BTC Update! Equilibrium continues to tighten! We continue to watch the daily equilibrium as well as our 12 EMA for support. Last chart I had scaled into BTC and ETH as they had dropped down to find their higher low compared to $6600 on the daily and used the EMA as guidance on where to place my buys. Bulls established the higher low at $7467 and it appears bulls are setting their next lower high at $8175. So we now have the high of the overall move at $8388, lower high at $8315 and it appears our next lower high at $8175. I left this tentative as would like to see a bit more follow through by the bulls to confirm this is indeed another lower high. From there the bulls will seek to maintain their higher lows to keep the pattern tightening. $7467 is the level I am watching and anything above that would give the higher low. If using the 12 EMA, somewhere in the $7700's would be a great higher low for the bulls. This would really tighten up the equilibrium and would ideally see a bull break out of that to bust to higher highs. A lot of traders are now watching this tightening range so I am expecting a fairly strong move depending on which way the pattern breaks. Have your plan ready with your buys, sells, stops, etc.
Happy Trading and those in the US, Happy Memorial Day!
Just My 2 Sats!
BTC Continues to ride 12 EMA Support! Equilibrium in playHello eveyone! I've been out of town for about a week and got back a few days ago. Finally getting around to posting for charts and will update on my personal positions.
BTC has been bouncing around slowly recently and daily chart has taken shape for a nice equilibrium. We had the high of the move at $8388 and low of the pull back at $6600.
Bounced for a lower high at $8315 and looks to be safe to say a higher low at $7467 although waiting for a bit more follow through on 4 hour chart to confirm this.
This gives BTC a nice equilibrium to be watching.
The 12 EMA I always have on my chart continues to hold very nicely as support and offers excellent buys or rebuys for those trading the market. I personally bought back in this last pull back for BTC using the 12 EMA as guidance and was able to scale in as BTC pulled back and re-approached the EMA. I scaled in on both BTC and ETH again.
Last trade off those I had sold BTC at $7850 and sold ETH at $277 and $254 and was able to re-enter positions of BTC at an average of low $7600's and ETH at an average of $243. I am back into a full position here and will utilize 4 hour higher lows as my stop losses. If the BTC bulls can break this equilibrium bullish then I'm looking up at $8488 and $8600 resistance. Otherwise looking up at $9k and $10k psychological. A long ways away from that but bulls continue to show they are buying the dips, EMAs continue to hold support and the sideways action for the past week or so has allowed RSIs to cool off some and ideally give the bulls room for a bull break. It's a holiday weekend in the US so will be away from charts until Tuesday. Lets see if the bulls can show up over the weekend and get the break we are waiting for. If the equilibrium does break bearish, I'd be looking down at 26 EMA to see if that can hold support for the bulls and allow bulls to buy the dip again.
GBP/USD Long with 19.0 R/R - 300 pips potentialIf you like my work hit that like & follow button.
GBP/USD is currently consolidating around Equilibrium and without any close above, there is no reason for an expansion. Yesterday´s low and reaction to my bullish OB signals strength. Therefore I am looking for a long position at EQ of that OB while taking out yesterday´s low.
Three different scenarios
1. We see GBP/USD closing a 12hr candle above Equilibrium. This would lead to an expansion. -> Less likely
2. Our Limit-orders get filled>retest of 1.29770>take out lows until 1.29000>pump --> Medium probability
3. Our Limit-orders get filled and GBP/USD respects EQ of my bullish OB. --> Likely>High probability
Therefore you can decide yourself which setup fits best for you.
EUR/AUD Short with 6.7 R/R - range fakeout + bearish OB EQFeel free to hit that Like & follow button!
Anticipating a potential Short with 6.7 R/R.
nEUR/AUD is approaching it's range-high. Daily-candle-high didn't engineer liquidity above our 6th of March high yet. For this reason I'm patiently waiting until PA confirms our higher-probability setup. If we don't get a strong reation off 1.61330 I believe a fake expansion out of our range while rejecting our first bearish OB and 0.618 Fib is likely.
Targetting for 1.56300 - 1.56650 while taking out lows + OTE.
Updating this analysis once PA confirms and price is approaching our higher-probability setup.
NZD/CAD Short with 7.0 R/R - rejection of bearish Orderblock EQDear Traders all around the world! If you like my work, leave a like & hit that follow button!
Current leg-up on NZDCAD could lead to a retracement on the 4D-weekly chart.
A 2016 Nov' trendline matching with EQ of our bearish OB, 4D-RSI approaching trendline-resistance and overall price trading at OTE gives confluence here.
4D candle just closed below EQ and trendline, wich indicates lack of strength here.
EUR/USD Long - clean mirror - addition to previous postNothing to add here. Referring to the previous post for a detailed analysis.
EUR/USD Long aiming for 100 pips profit - clean mirrorIf you like my work, hit that like & follow button as it truly motivates me!
From a PA standpoint EUR/USD is looking bullish. Took our trendline yesterday along with 200-MA and OTE of previous leg-up while retesting our bullish OB.
Referring to the picture in the comments section; A pretty clean mirror.
As a target I'd make use of 1.137 as overall OTE and bearish breaker sit there.
Setup displayed in the chart.
Blue Sky Again for GROW!So today we saw confirmation of the breakout from previous consolidation. Daily MACD cross, with stochastics confirming breakout as well. Resistance at 0.485 and 0.50 psychological, close above 0.50 is blue sky with good follow through and would most likely lead to a run to 0.60 based off price target from previous tightening equilibrium pattern.
Also watch for financials end of April and AGM in May! 2019 is the year for GROW
US30 Wall Street Index - Golden Opportunity with 9.0 R/RDear Traders all around the world!
Today we're taking a look at the US30 Wall Street Index. Parallel you can use this analysis as confluence for a SPX Short. If you like my work make sure to hit that like & follow button!
Price is currently approaching EQ of our bearish breaker along with daily-RSI approaching trendline-resistance too. Volume is decreasing although we've seen a nice leg-up from the 25th March on.
Tomorrow we got NFP Data that often leads to some volatility. In case of XAU/USD where TA was align with the NFP-Data, it led to a change in trend.
Overall I'm looking for a decent 9.0 R/R Short Setup as displayed, targetting a bullish OB that aligns with overall EQ.
Update after NFP release.
DAX is on its way to the level of mean from 2018DAX has a long sentiment right now. It is going up and the resistance for this movement lies at price 12350.
