Recent content by pela78

On the previous post for my followers I wrote: The most rational expectation - a continuation of the persistence of bulls and more attack on the 7020 support level (caused by major 7k figure). y5eLsmh[1].png1006x877 132 KB Unfortunately, it was my mistake. I put the wrong word “bulls”...

We have a long-term balancing wedge. Let’s read the history of this wedge. Note. I 've multiplied prices at 100 1/ No_Suplly around 1.75 2/ Market responses strongly. Demand Wave after NS. 3/ Plot a line of Support from NS+DW sequence 4/ Major Sequence of Weakness. 5/ Testing the breakout...

Current day development on #BTCUSD market is looking like the yesterday movements. Yesterday, the price fluctuated between 7400 and 7300. But bears used the power of Big-Volume-SLKT-above-7600 and broke down through 7300 during the third attempt. Now, BTC is Fluctuating between 7300 and...

#XTZUSD We have a nice triangle on the background. Previous price action reveals levels of support (1.15) and resistance (1.4). Fake Penetrations (1 and 2) confirm the validity of these levels. 3/ The First Bullish Impulse. Here we got a Demand-Bar breakout. Could it be expected or predicted...

On the first days of December, #BTCUSD found some balance between buyers and sellers. Price did found a temporary calm between 7450 and 7250 (bold black lines). But the market needs to make losers. That is why we got 2 fake moves. 1/ Probably all the bears who opened shorts on this red bar...

EURUSD A and B = these are mid-term range lines. This range was formed previously between 1.07 and 1.09. 1/ This is a Demand-Bar. Note the volume. It represents the effort of bulls to break out above the resistance line. 2/ Development of the bullish impulse. The resistance is near. This is C...

In the previous overview about BTC, I wrote: We should expect a stalling of the bullish pace. While price is holding above 7700 - we should interpret current short-term #BTC chart from the bullish position. Here is what we got since that overview. Green line - is expected balancing. Low...

This morning I’ve marked in Telegram channel that: 1) We have the weakness above 7600 and 2) Potential Hidden strength here. Why this (2) bar could be interpreted as Strong? Because it has EXTRA_HIGH volume. When you see down-bar with higher-than-average volume - this is a sign of weakness, as...

Thanks for your picture.

#Brent #Oil overview Let’s start reading in the first half of November. I plot the orange range lines from 06/high and 08/low 1- SLKT (Trap for breakout bulls) 2- SLKB (Trap for breakdown bears) Since that time we got a bullish rally. Let’ study its character. C > (A+B)/2 E > (C+D)/2 Well...

NZDUSD is vulnerable to (short-term) breakdown Here is NZDUSD market. From first sight, it is clear that the market is moving sideways. It has a balance between buyers and sellers. How to trade the sideways market? Short from Highs, Buy from Supports. But P-Ratio indicator (1) gives more...

In the previous post about BTC I wrote: Note point 3. This is a potential SLKB under 7100. Watch for Demand-Bar on faster TF in order to join the Bullish Team in short-term perspective. Let’s look the chart. After that point №3, market moved some further down in order to penetrate 7k round...

In the previous post about #BTC I mentioned that: the most recent Trap was made for Bears, not for Bulls After that publication, I got a questions about difference between the traps for Bulls and bears. Let me clarify my thought. Trap for Bulls: Buyers watching for entering Longs, Price...

Rushi asked me to analyze 4h CADJPY. I switched to 1D because: It did take much time to begin answering 1D TF is telling more clear and important story. I noted the key signs on chart. As you can read from chart, we have: zone of strength formed in August around 79.5 signs of weakness...

GBPUSD overview We have a two-tops pattern on background. This is FOMO buying culmination Selling pressure. Note Ratio indicator - it shows the profitable buyers were the majority (3). But market is not designed to make profits for people. That is why we got decline (4) and tears for buyers...