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”...

ETHBTC Daily Chart Overview 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...

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...

#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...

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 above...

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...

Pot stocks are headliners these days. Let’s read the ACB chart. After extra-big spike in volume amid rising up-bars in March, price declined more than 75% until the current days. Study the volume. After breaking down 3.50 support leve (blue line), price started to decline with increasing...

We have a red zone of balance on the background in the region of 9200. It was a balance that was supported by demand from positive news from China. Resistance was provided by the line of the descending channel and the entire huge zone of weakness, which developed during the summer and was broken...