Category: Overview

BTCUSDT

4H analysis

Short term target is still shown on 4H chart to show the accuracy of the path and to understand the importance of the last fair value gap zone. During the internal bearish movement, another buy-side fair value gap was formed. Although it is not easy for the price to move upwards, several FVG zones were left behind at premium side. In the current market conditions, the target of ATH now has a less probability. At first, we should focus on the above price fair value gap zones for price reversal.

15 min analysis

In a suitable market condition, a bearish bat pattern can form. The bearish order block on 15 minute chart is a favourable place for possible short positions. Under that block, there are significant fair value gaps on 15-min chart. In any case, ATH target is not validated in the current time frame. The strength of 15 min OB should be checked for a short entry or a market structure break for any entry decision.

XAUUSD

4H analysis

The target of last week was to reach the bearish order block and then move to cheaper targets at higher time frame nearly around $2,100 level, where several fair value gap zones are available. This target was first hit by reaching the 4H bearish order block, which was depicted previously. The candle there shows the efficacy of the order block. The price will first move to EMA200 with bearish candles around $2,300.

15 min analysis

Under 4H bearish order block, a 15-min bearish order block was formed and it was filled. Although the structure is bearish, we have to search for any other point of interest for a short position. The closest POI is a fair value gap above, which worth taking short position until the fair value gap available below.

EURUSD

4H analysis

Previously depicted fair value gap was partially filled by the price movement of the EURUSD pair price last week. Bearish signs were obvious and started to move lower prices but revisited the edge of the order block. This was not enough to make a market structure shift in the current time frame. The target of the structure is still the same as last week, which is the 4H fair value gap below around 1.058.

15 min analysis

A typical range-like structure was formed at the current price level. Equilibrium of the range worked several times well, showing the efficacy of the range. Double-sided aggressive movements made deviations over the range. The probable path of the price is depicted by the red lines. Range-mid is the possible highest target. Then, range-low can be broken by bearish movement. After that, a retest will be for confirmation of a short position.

** Important Note: Above ideas are not investment advice!**

 

BTCUSDT

4H analysis

Price of BTC is within a descending channel since the last three weeks. Price moved under the channel-low level but then re-entered it. During these movements three clear fair value gaps were formed. One of them is below the current price. Considering the saturated nature of RSI and proximity to the current price level. $60-61k would be a perfect price for setting up long positions. The most likely pattern is a bearish shark. fibonacci level of D point can be between 0.886 and 1.13. For me, fib 1.13 is significant since it will fill two remaining buy side FVGs and tap to ATH level. After reaching ATH, a price drop until the midst of the descending channel is possible. I expect a price increase but not a rally at the moment. Since these are projections, we will update them on the upcoming weeks.

15 min analysis

Looking at the current chart on 15 min, we can see a price increase and a decrease on RSI. Actually, this is a bearish sign, however, price moved to higher values. This is a typical bullish pattern for BTC. RSI divergence on 15 min usually does not operate well on BTC chart. There was a steady increase on the price and EMA200 was also increasing like a trend line. Price is within a range for one day. It took liquidity on the buy side. A price decrease may now happen to the fair value gap below. After that price can keep its bullish structure. The market structure will not shift to bearish until $59,5k.

XAUUSD

4H analysis

After the loss of the range at the top, market structure shifted to bearish by strong bearish candles. The first target was the fair value gap. It was reached by the price but it was unable to move further. The next target would be the unmitigated order block, shown by the red colour. We will leave it as a point of interest for now. After filling the FVG, short term EMAs also turned to bearish. The significant fair value gaps lay around $2,100. Although 9% of drop is required for that zone, it can be possible by some news.

15 min analysis

Price lost the bullish movement on higher time frame. Now there is an unclear situation on 15 minute chart. This cases can be considered as range zones since there is not a clear structure to either sides. The range was deviated several times and range-mid level worked well to hold the price. Price is likely to lose the range low on sell side after reacting from range-mid or range-high levels. After going down to range low, a retest to the same price will be a confirmation of a bearish movement.

EURUSD

4H analysis

Previously depicted fair value gap was partially filled by the price movement of the EURUSD pair price. EMAs were crossed over and the RSI is saturated. There will not be enough room for a higher pair price. The price will keep its bearish movement. The most likely target is the 4H fair value gap below around 1.058.

15 min analysis

The pair made the expected move and filled some of the gap. The chart is bullish on 15 minute chart. It is possible to make a retracement on EMA 200 and then make one more impulse to fill some more gap on the imbalance. After that we may expect a bearish market structure break and the targets will be the swing points on the chart between 1.066 and 1.067.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

Price of BTC is within a descending channel since the last two weeks. The high and low points of the channel worked well for a reaction. Now there are two possible formations that can be completed. One is a bearish Gartley pattern. The other one is a Wolfe pattern. It seems that they will work properly if the price reaches $70k level. After that price reversal will be possible down to $60k level. According to break of the channel increase or decrease of the price can happen sharply but it is now too early to comment on this price movement.

15 min analysis

The lower time frame analysis of the last week was 4H chart and we expected the price to move down to $62.5k to fill the imbalance. It is partly completed and on 15 minute chart we can observe a market structure break. Since 15 min. MSBs can be erroneous signs, HTF chart also supports a possible price increase. additionally, different EMA averages are about to change to increasing side. Therefore, we are assuming a reversal on lower time frame. The fair value gap around $65.5k will be the target according to this chart.

XAUUSD

4H analysis

We mentioned about a momentum loss in the price of gold last week. Therefore, we showed the price within a range. Ranges always have two possibilities but the probability of gold price movement was closer to bearish side. Indeed, range low was broken and several candles were closed under this value on 4H chart. This additionally made a market structure break. The series of bearish candles generated an order block. On the current time frame, the order block seems to be a suitable place for sell positions or to build short positions.

15 min analysis

Although the price is bearish on 4H chart, it is bullish on 15 min chart. A fair value gap is present on 15 minute chart and price tapped there. Some of the gap was closed. Price reacted from FVG to EMA200. Now it can move towards the  order block passing through the fair value gap. There is a possible bearish bat pattern. If this pattern occurs, The price will react within the 4H bearish order block and then we may expect lower prices. The best place for a short position can be opened after observing an RSI divergence.

EURUSD

4H analysis

The comments of last week was based on a weekly chart and 4H chart. Higher time frame market structure was bearish. The expectation was to fill the fair value gap available on 4H chart. Now the price is quite close to the fair value gap. Bearish continuation can be expected within the fair value gap zone. However, previously a Gartley pattern was shown on the chart (you can check out the chart of the last week).  Therefore, price may go beyond FVG zone until 1.09 pair price. Short positions can be available after a bearish divergence.

15 min analysis

The chart is on a bullish structure on the current time frame. Within the current screen, we observed formation of two different fair value gaps. They were filled partly by the price candles. The recent price chart can depict a bearish bat pattern. After that a retracement can occur until 0.618 Fibonacci level of the price and then continue to bullish move until the fair value gap available above, which was also shown on 4H chart. The probable price path is shown by a red colour line.

 

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

4H market structure is bearish and also price is now under EMA200. These both shows that if there is a bullish market structure break on lower time frames, these can be considered as just corrections and will not make it available to close candle on the last swing high point. $67k is a critical point, which has to be tested to fill an order block.  After reaching there, strong downward price movement is possible.

15 min analysis

Monday range of the last week is still in play. Price made just some deviations. It filled one of the fair value gaps above the equilibrium price level. But there is one more remaining FVG. O the other hand, a bearish order block is available. The decrease in RSI is suspicious. Price can first fill the fair value gap below. Price should be watched carefully.

XAUUSD

4H analysis

While there is an obvious uptrend of the 4H chart of gold, there is a momentum loss since the last week in the price of gold. On 15 min chart, a range formation is clear. However, in the current time frame, bullish structure is still in play. If there is an accumulation of the price after a bullish movement, two sided price movements are possible. In this example as a momentum decrease of RSI is available, a decrease on the price can be expected. However, this alone is not a significant indicator. We should focus on short term confirmations.

15 min analysis

The range drawn last week is still valid. The price is around the equilibrium of the range. It just moved away from the equilibrium to fill the fair value gap. The weekly price difference is only 2-3%. The break of range low or range high will be a choice for making entry to either short or long positions. If range low is broken, short position can be taken after retest of the RL. On the other hand, long can be taken after the price breaks range high, closes candle over that value and tests the RH price level.

EURUSD

1W analysis

It is the first step in several times to watch high time frame analysis in order to understand the current state of the price. There were some minor bullish reversals although multiple time frame charts are bearish. When heikin ashi candles are used, we can observe recent bearish candles. Price made a market structure break on the current time frame. It made its correction and still pending to go lower pair price level. 1.02 is a reasonable target.

4H analysis

Since there is a bullish Gartley-like harmonic pattern, price can gain some value. If this happens, the target will be the fair value gap. In this case, price will go up until 1.08, then there will be a drop until 1.045.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

1D analysis

A speculative movement occurred at the weekend in the price of BTC due to recent news. I want to re-express my ideas from the daily chart. Since some movements make sense according to HTF. After reaching the ATH, price had some attempts to cross $74k,  however, it was failed. After that,  price started to make movements as shown on the blue path, which was drawn earlier. Although $49k is a possible retracement zone, I don’t expect a such deep correction in the current market sentiment. $59k seems to be the most likely ultimate retracement zone and price will move upwards unless there is a negative news.

15 min analysis

The market structure is bearish on 15 minute chart. Price has a downward movement with high momentum. The price closed the fair value gap occurred during this movement. Then, price retraced from the bearish order block. Bullish RSI divergence is due to happen on the current time frame. Price will possibly reach to the fair value gap zone. The reaction from that zone should be observed. If this level is lost, then short positions can be taken until the last swing low.

XAUUSD

4H analysis

Speculations of a possible war has been effective in determining the price of gold. Since such news pushes the price of gold higher, the same issue happened. As the expectation has extinct, a strong upward movement was observed and then, the movement turned back.  The price is still in a bullish structure. Any negative case in not available yet. EMA50 has held the price on the last retracement. There is no shift in the market structure. Last swing high is the possible target.

15 min analysis

Since the last impulsive move, we can observe the formation of a range. Price retested the range low and formed a small deviation, which can be considered as a liquidity hunt. Then continued its upward movement. Equilibrium of the price has been past recently. The possible target is the fair value gap above. After reacting from there, price can target the high level of the range.

EURUSD

4Hanalysis

As it was commented earlier, the loss of 1.07 would bring the bearish market structure shift. This happened and now the structure turned to bearish mode. On the extreme time frame, 1.044 seems as the target. Price left many imbalances at the 4H chart. Price will possible retrace that zones and then, move to swing low location, shown with the solid black line.

15 min analysis

15min chart is bearish in terms of market structure. X-A was the last impulsive leg. C-D took the liquidity and the price drop continued until fib 1.618. This price level is a possible retracement location. Bullish RSI divergence is available as a different indicator. The closest fvg zone will be the nearest target. If some more retracement happens towards the premium zone, the higher fvg zone will be the target. Then, price can move to lower levels.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

4H analysis of the last week is still valid. Reverse head and shoulder formation was in play and neckline break was formed by a strong candle. Then, neckline was retested. After that, price reached to $70k. The target of the current formation is $74k, which is the previous high value, shown with the dashed line. In case it happens with a wick, we may expect a correction in the price of BTC.

15 min analysis

The market structure on 15 minute chart is bullish. Possible reversal may occur. In this case, the liquidity at $66k may be the extreme target. The price reached a former fair value gap zone. On the other hand, price formed a bearish harmonic pattern. Taking into account all these, we may expect a pullback before moving higher levels.

XAUUSD

4H analysis

price of the gold is increasing without any significant correction. The most obvious formation is the occurrence of bearish RSI divergence, which is shown by the dashed line. This will possible occur until fib 0.618 of the last impulsive price movement. If it happens, EMA100 will be a critical price zone for a possible reversal.

15 min analysis

As with other higher time frames, bullish market structure exist for 15 minute chart. Impulsive fair value gaps were filled with impulsive bearish candles. Current RSI and EMA patterns show that EMA200 will be a strong barrier for the price as a support level. That level can be used for building long positions.

EURUSD

4Hanalysis

The bullish market structure of EURUSD pair seems to be broken bearish according to change of character structures. But an AB=CD is available on higher time frame. The downward price movement seems to retrace until fib 0.886 of AB=CD pattern. The change of characters remained as an inducement for now. If price 1.07 is lost, then we can talk about bearish market structure break. Now there is a little bullish change of character.  Current target is at least 1.094 pair price.

15 min analysis

EMA 200 holds the price well. It was lost once. That time, price filled a fair value gap. This was an extraordinary movement for sure. But technically, the sharp movement makes sense. Now we can expect values over EMA200 and most likely the prices over the last swing high price.

** Important Note: Above ideas are not investment advice! **

BTCUSDT

4H analysis

Head and shoulder formation was likely to be generated last week. It really did formed in the earlier days of the week. Price left the neckline with a high momentum. It generated a fair value gap. Some of it was closed. But the closest target had to be the swing high region, shown by the dashed line. Now, RSI made a correction and the price is ready to move some more higher.

15 min analysis

After moving upwards, price remained in a range. This range is between $69,200 and $71,600. Actually, the range is not shallow. There is some room for the price to move inside. It did some deviations during this range movement. Two possibilities are available for the price movement. It will either break low or high of the range. Since higher price is expected according to higher time frame analysis, the path with blue colour is more likely to happen.

XAUUSD

4H analysis

Short-term price correction was enough to hold the price last week. After the correction, price made a new higher high. Price candles are balanced and didn’t left any imbalance recently. One-month old FVGs are still open and price is likely to hit there in due course. There is bearish RSI divergence on 4H by 2 price higher peaks and 2 RSI lower peaks. A possible pullback area still the same as with the last week. EMA200 or FVGs will be the correction target.

15 min analysis

The major movement on 15 min chart is by making a recent exponential movement. During this movement, the lower wicks remained opened. This can be shown by a quarter arc. It is expected that the price will remove liquidities. Lower and higher time frame charts are in accordance in terms of possible movement.

EURUSD

4H analysis

Weekly and daily market structures are bearish. The recent low was identified as a liquidity zone last week. Price did not just take the liquidity there, it also closed candle under that price. EMA 200 acted as a resistance. Price will possible try once to break that level. If it fails, a lower low can be expected.

15 min analysis

The market structure of min chart is bearish. Price movements are generating lower lows and lower highs. On the other hand, price could not break EMA200. A bearish order block was generated on last Friday due to the movement by high momentum. Price can try to reach there and continue on the sell side.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

We can look for two different formations on 4H chart. The first is the descending trend. The line was broken to upwards and the line was retested by the last candle. On the other hand, there is an inverse head and shoulder formation. But it is not completed yet. Once it is completed, bullish entry can be considered by the break of the neckline. If it happens, the last swing high will be the target, which is shown by the dashed line.

15 min analysis

A bullish Gartley operated well after forming a bullish RSI divergence, which were shown within the red circles. The price reached fib 0.618 of D-A leg. In the current case, the price has not changed to bearish. Any candle close over the dashed line ($66,050) will be a possible indicator of a bullish continuation.

XAUUSD

4H analysis

There was two liquidities on the sell side. Our expectation was for the price to take the liquidities and move to higher values. Indeed, the liquidities were taken, which were shown as the dashed lines and then the last higher high was also exceeded. Price reached $2,220. During this movement, candles had fair value gap but they were filled. Now, there are fair value gaps below, which remain from earlier price movements. $2,110 and $2,060 are important retracement zones.

15 min analysis

Two strong price movements occurred on 15 min chart at different directions. Therefore, one bullish order block and one bearish order block was generated. Price reversed from bullish order block, however, the reaction from the block was not significant. It is most likely that the area will not hold the price if a bearish candle emerges. Although, the bearish OB is a possible reversal zone, I think the price will not reach there and will follow the blue path.

EURUSD

4H analysis

The bullish market structure of EURUSD pair has not shifted yet. We will deem the market structure bullish unless there is a candle close under the dashed line, which is the last swing low. On 15 minute chart, the bearish order block operated well, which we will discuss in the next time frame comment. But we should say for now that this OB generated a bullish RSI divergence. Price can take the liquidity over dashed line to move higher price prices. If it goes to lower levels, we will update in the next week’s comment. But the current trend and also expectation is bullish.

15 min analysis

The order block generated last week worked well to hold the pair price. The structure on 15 minute chart is bearish on contrary to 4H chart. As with the higher time frame chart, bullish RSI divergence exist on the current time frame. Pair price can move to higher levels possibly after taking the liquidity.

 

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

We were curious last week about the RSI divergence on multiple time frames. The outcome the price is as we expected. The price touched FVG zone below and on 4H time frame, there is no more divergence. Some liquidities were taken and this downward movement removed the divergence. Now we can expect bullish price movement since there is no bearish market structure break.

15 min analysis

Price is exhibiting several harmonic patterns on 15 min chart. As of the last pattern, we may search a reversal after leg D. Once retracement has been completed, we should focus on a bullish market structure break. Since, earlier market structure breaks did not shift the structure of the market. They remained as inducement. Another critical issue is EMA200 line. Once it is broken upwards with a retest, BTC can move to higher prices.

EURUSD

4H analysis

Price of EURUSD pair moved in accordance with our expectation on last week. A market structure break occurred previously. The price is on a bullish trend on 4H. It seems that EMA100 held the pair price and retracement leg has nearly completed. The yellow area above was the target on the daily chart that was shown last week. It is a fair value gap zone and we may see the price moving towards that area.

15 min analysis

Price went down with huge momentum on 15 min chart. The downward movement was nearly balanced. Only a small fair value gap was left that was shown by yellow colour on the chart. The area with red colour can be deemed as an order block. Price remained there for some time and went fast with several bearish candles. The only thing that should be considered is that there relatively low FVG. The will probably go up and pass through the FVG. The critical zone is the red area. We should watch the case within the area for building new positions.

XAUUSD

4H analysis

Price of gold went up nearly $2,200s with huge momentum from early March.  Price was in a rest on the last week. We may expect some fluctuations on the price. The first fair value gap is a good target for the price to make a retracement. It lays between Fibonacci 0.382 and 0.5. A second fair value gap is located below, which crosses Fibonacci 0.618. Therefore, these two values are good prices to build long positions. The critical values are between $2,110 and $2,060.

15 min analysis

Although the price is bullish on higher time frame, it is bearish on 15 min chart. There was a strong downward movement creating an order block. But the block was relatively too wide. That’s why it is identified in 5 min chart and shown on 15 min chart. The price reversed from the order block. Now the possible target is the close open two liquidities. Price may want to reach there and after some more lower prices, we may expect a market structure break for a long position.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

BTC continues its bullish movement. In the current figure, there is not bearish signs. HTF target was shown last week and price formed a cup shape. Price may want to draw a handle like shape. Therefore, retracements to EMA levels shown in the figure is possible. On the other hand, we can observe an obvious downtrend of RSI contrary to price of BTC. This can be a sign for retracement in the price of BTC. However, it can be considered as an opportunity to take long positions.

15 min analysis

After forming a sharp movement as a retracement imbalances were formed on different directions. In most cases, price first wants to touch the union set of these imbalance regions. If this happens, $67,500 will be regarded as a fine entry place for long positions.

XAUUSD

1D analysis

Our expectation for gold was to reach $2,090 last week. It was achieved and went well above this value. The price is at all time high level. The price was between the dashed range and above this level, the price left a fair vale gap. The gap is around $2,100. It is now expected to test this value and then continue its bullish movement. EMA20 will also be tested within FVG zone.

1H analysis

In short term analysis, there is a steady increase in the price of gold. EMA20/50/100/200 are all parallel to each other. Unless there is a deviation on EMA20, price can continue its bullish trend. Once the trend is broken, price can move back to imbalance zone shown with red colour.

EURUSD

1D analysis

On the daily chart, price made a bearish market structure break previously. Price moved close to the fair value gap, shown with yellow box. But it was unable to fill the gap. The price is within the range of last down red leg. There is no clear trend. The closest expectation is to reach the imbalance and after filling it, continue its bearish price movement.

1H analysis

Although there is a range movement in the daily chart, a bullish market structure break was formed on 1H chart. EMA regions are likely best places for retracements. After price makes a retracement, long positions can be taken. The target will possibly be the imbalance around 1.11 pair price.

 

** Important Note: Above ideas are not investment advice!**