Market Reports

BTCUSDT

1D analysis

A possibility is shown on the chart for a daily viewpoint. There is yet an incomplete butterfly like formation on the chart. But B point of the harmonic pattern could not reach fib 0.786 of X point. It is just a bit low from the price. If we accept this as a butterfly pattern, the above liquidities can be swept and a reversal to $60k will be possible.

4H analysis

The expectation for the last week has reached its target. Head and shoulder formation is completed after the break of the neckline. The S/R zone drawn by blue box was tried to be broken twice and on the third attempt, price went over the zone. Now, there is an accumulation over the area on a LTF chart. Price can stay over the zone after a retest and price can go higher. This is the primary expectation, shown by red colour. If the price is unable to hold over the S/R zone, it will move downside of the box and after a retest price can go lower. But the most likely expectation is on the bullish side.

15 min analysis

The price is within a range on 15 minute chart. A deviation occurred though sell-side boundary of the range. A buy-side deviation is probable. Once this happens, the resistance area will be visited. This area will be a possible barrier and price will want to move towards first range-mid and then range-low levels. The loss of range and retracement will show us the possible price directions.

XAUUSD

4H analysis

Swing low and swing high of point on the chart are shown for 4H time frame. Bullish trend is still valid and there is no sign of reversal right now. Therefore, we should expect the increase of the price. A candle close lower than the near wicks are available but this is only an internal liquidity removal. Also, recent FVG is filled. Latter FVG zones will be the target. Unless $2550 is broken downside, we expect the continuation of the bullish market structure.

15 min analysis

The price is within a range over the last week. Equilibrium and optimal trade entry zones worked well to push the price. Recently there was a deviation on the price. During the deviation movement, a bullish RSI divergence occurred. Then, price again entered the range and now will target the equilibrium. After reaching the equilibrium, we should observe the price movement whether it will be a long or short. Possible price paths are shown as different colours on the chart.

EURUSD

4H analysis

LTF chart of the last week was based on the possible reaction from the order block. It reacted well on the short time frame. However, order block couldn’t push the price to the sell side FVG. Instead of it several liquidities are accumulated between 1.107 and 1.113. The order block is removed and liquidity was swept on the top. These movements generated a bearish shark pattern. The liquidity pool shown by the dashed red colour will be the target.

15 min analysis

An impulsive downward price movement occurred on LTF chart. We spotted the order block and it seems that OB pushed the price again to the lower side. If we consider the impulsive movement as a range, we can see that equilibrium of this range, currently holds the price. Most likely price movement is shown on the chart by a red path. We expect the range low to be broken.

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

BTCUSDT

4H analysis

The target for the chart of last week was almost met. The available formation was an inverse head and shoulder pattern. The target is above the blue zone. However, this area worked as a resistance several times previously. Therefore, it would not be easy for the price to go beyond this area. Actually, the price have not tipped the area yet. A wick can manipulate the area, then price can retrace back to neckline zone around $60k.

15 min analysis

The price is within a range on 15 minute chart. A deviation occurred though sell-side boundary of the range. A buy-side deviation is probable. Once this happens, the resistance area will be visited. This area will be a possible barrier and price will want to move towards first range-mid and then range-low levels. The loss of range and retracement will show us the possible price directions.

XAUUSD

1D analysis

The price of gold is increasing by leaving open liquidities. Only a minority of the liquidities were taken. The pool of liquidity is available roughly between $2280 and $2480. After the break of the range, which is better visible on 4H chart, the price is still keeping its bullish movement. The order block which is shown by blue colour is still valid for a retracement. A character change in the market structure is mandatory in order to reach the target. The region will probably act as a reaction area, which will provide a strong candle. If the bullish movement is lost through the order block, then the liquidity pool will be the target.

1H analysis

The price started to exhibit weakness through the bearish RSI divergence on 1H chart. Current structure of the market is bullish. The price just took liquidity from a candle. The price can increase until there is not a significant change in the market structure. Once an MSB is formed, the price can move as shown. FVG zones are possible point of interests.

EURUSD

4H analysis

HTF harmonic chart is still valid for EURUSD pair. Price revisited the bearish order block at top. The order block was almost entirely filled by a single candle and after that a sell-side liquidity was taken. These series of candles shows the manipulation in the market. In order to be informed for such price movements, market open sessions should be observed. The price cannot move through the order block. The price will probably reverse from the current zone.

15 min analysis

There is a range on 15 minute chart. The last upward leg produced a range. The price candles reacted from the equilibrium of the range and produced a small deviation. After the loss of order block, the probable targets will be range-mid and range-low levels.

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

BTCUSDT

4H analysis

Chart of last week was according to our expectations, which removed the arc of liquidities towards $60k. We can now observe an inverse head and shoulder pattern. The level of the shoulders match well, shown by the pale blue colour. The neckline was broken through a strong candle. Its target will be the above liquidities, which is over $64k. Before moving towards this target, a retracement of the price is possible.

15 min analysis

On 15 minute chart, a PO3 type price movement was available. The first box shows the accumulation of the price, it manipulated the sell-side and price moved towards buy-side. The price can reach to lower levels, shown by FVG and OB. These two regions are important interest locations for the price. After that, we can expect HTF targets.

XAUUSD

4H analysis

The price movement of gold has been towards the sell-side of the range structure. The range was broken with a strong expansion. Now we have to wait for a retracement to the order block which started the price movement. This price movement until the order block will also fill the fair value gap, occurred through the impulsive movement. $2520 seems the initial target for the price.

15 min analysis

The 15 minute chart is struggling to keep the price at top while it is losing momentum. There is a market structure shift on lower time frame. But to be on the safe side a candle close below $2574 would be more reliable for a possible reversal. Once reversal is confirmed, then continuation of a bearish movement will be available on the chart. If this is the case, we should look for a point of interest at the retracement leg.

EURUSD

4H analysis

EURUSD chart is still in play with the structure available from the last week. The movements are according to the expectations, that’s why I did not remove last red path. There is still some more dips to be reached below 1.09 pair price. The line shown with “1” is the upper level of a HTF range. It was first manipulated, then came into the range and reacted downwards from that level. During these price movements, most of the first FVG was filled. Now, the price has to reach to the second FVG.

15 min analysis

Market structure of 15 min chart turned to bearish. There are multiple LTF breaks shown with the numbers from “1” to “3” with the horizontal red line. On the other hand, a swing failure pattern was formed by taking the liquidity at the top. This was another sign for a change to bearish movement. RSI has reached nearly to the over-sold region. Some price increase until the double top wicks can be seen until the red horizontal line on the right. After that, price can continue its bearish movement.

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

 

BTCUSDT

1W analysis

The high time frame analysis shows critical point for BTC. A range is available from the last bullish season. The range has well reacted equilibrium and deviations on buy-side and sell-side. The candles are forming lower lows and lower highs. This resembles a bullish flag. The nearest strong support is the equilibrium of the range, which is around $47k. On the other hand, there is an increasing trend from the start of the recent bullish BTC movement. If price loses the equilibrium, the trend line hand hold the price around $40k. But this is an extreme point. Weekly RSI is important especially on the crypto market. Now it is below the mid-level. If below targets are achieved, then RSI would also be close to over-sold region. These regions are good places for taking long positions.

4H analysis

There are significant open liquidities on 4H chart of BTC. These are critical attraction points. BTC deviated the range on the buy-side. However, a drop was not realized. The price is increasing and RSI is gaining momentum. Therefore, I expect the price to gain the range again. In this case, a price increase will be possible at least until equilibrium of the range. A second target can be $61.2k, where liquidity is available. But this will not be an exact bullish movement. According to HTF analysis, there is some more possibility for a continuation of the drop.

XAUUSD

4H analysis

Price of gold is struggling to move out of a price range. All price change occurs only between 2-3% for 20 days. The price expectation was satisfied with the range drawn last week. But we have enlarged price candles. So it is best to revise the range structure. Deviations occurred several times from range high level. But range low of the current figure has never been realized. That’s why I expect a deviation from range low level. According to the movement, we will decide whether it will be a deviation or break of the range. If it is a break, then the target will be the liquidity and FVG below.

15 min analysis

The market structure of 15 minute chart is bearish. The last swing low was broken by significant candles including imbalance. This has generated a bearish mitigation block. Under that block, there three different fair value gap zones. The price is likely to return from either of these rectangles. The extreme point can be taken as Be-MB. The price of gold generated an ascending triangle recently. This is a bullish pattern. This confirms the expectation of price increase, then a decrease towards the lowest candle wick available on the chart.

EURUSD

4H analysis

As the bearish harmonic pattern has been active two weeks ago, we are still waiting for a price drop. The most significant imbalance below is the attraction point and just above the equilibrium of a range. Two buy-side FVGs were removed last week. Now, we only have FVGs on the sell-side. There is not a point of interest any more above. The decrease of the price without an upward movement is most likely to happen.

15 min analysis

Current price range was deviated on both sell-side and buy-side. The buy-side deviation reversed from fib 1.618-2 gap. There were minor deviations on the sell-side. The state of the price is towards to a drop. After the break of range-low level, a retracement should be observed. Once confirmation of RL as a resistance occurs, price will keep its downward movement.

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

BTCUSDT

4H analysis

The range drawn last week is still valid. After range high was broken upwards, price was unable to hold. It lost momentum significantly. If this was not the case, the probable movement would be a correction down to FVG and move upwards. However, price moved down to equilibrium. Now, there is a violation. If it cannot hold anymore, the target will be range low or inner liquidities.

15 min analysis

A bullish RSI divergence is present on 15 minute chart. This shows a possible increase of the price. However, it tested equilibrium twice but unable to break the zone. A decrease can happen after a tiny upward movement.

XAUUSD

4H analysis

There is not much change since last week. After the formation of the harmonic pattern, we were looking forward for a price drop. However, price kept its level. We could only observe a deviation of the range, which swept imbalance. The price is currently within the range. Above liquidities are unmitigated. We can observe an increase and then a movement towards the liquidity and then the fair value gap below. As the price is accumulating within the range, the RSI drop is obvious. This can be a sign for the break direction of the price.

15 min analysis

A range also exist in 15 minute chart. The last impulsive movement formed the range but it has not been broken to either sides. Equilibrium reactions of the range are significant, which confirms the validity of it. An increase up to either equilibrium or range-high is possible. After reaching these points, price will break range-low to make lower lows.

EURUSD

4H analysis

The analysis of the last week is valid. We expected a drop without an increase because the price was in the entry position of the harmonic pattern. We could recently observe a market structure break by a candle close below 1.11. The break movement was with a candle including FVG. RSI is in the over-sold region. We can now await for an increase until above FVG, then price will keep its movement down to 1.085 pair price.

15 min analysis

A range is drawn for 15 minute chart. The price tested equilibrium from below and over the line several times. At the end, the range was broken from the range-low. It retested the range-low. There are two possibilities. First, it can move to lower prices because retest was successfully completed. Second, a deviation can occur and a deviation until range high can happen and sweep some of FVG, then move down to HTF analysis target.

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

BTCUSDT

4H analysis

Two weeks ago, we identified the market structure as bullish on 4H chart. It is still valid and the range is broken towards the high level. This has left a fair value gap over range high. The price can retrace to range high to fix the imbalance. It this case, $62.5k is a logical place for a long entry. A two-sided imbalance is present above around $67k. It can be a significant target on 4H chart.

15 min analysis

Chart of 15 min structure includes the targets for 4H chart. During the weekend, the price was within a range of around $1000. Now, the RSI is at over-bought. We may expect a break of the range from down to fill the FVG. The imbalance shown on the chart below is refined according to 15 min. therefore, it is a bit different from 4H chart. $62.5k is the upper boundary of FVG. After the fixation of imbalance, price can go upwards to reach higher prices.

XAUUSD

4H analysis

The expectation of this week is still compatible with the last week. We observed an increase and a decrease movement. The price level is still the same.  Between $2,550, the formation of the harmonic pattern will be satisfied. The bearish deep crab, which is likely to be formed. D point should be at 1.618 of x-A leg. Once the formation is valid, the price can return from $2,550 until the liquidity below around $2,430. It also corresponds to fib 0.618 of the harmonic pattern.

15 min analysis

In the short term the structure turned to a bullish market structure. MSB realized by a strong candle. A FVG was occurred with the movement. Most of FVG was fixed and some inner liquidities were swept during the movement. An increase-ward movement is likely to happen compatible with the HTF analysis.

EURUSD

4H analysis

The price expectation of the last week was satisfied by the upward movement. The target was the dashed line. It also contradicts a lower high price on the daily chart. We can see a candle close over this price. Also a FVG was present on the daily, it is removed. All the metrics are now at overbought and it is logic to expect a correction. 1.085 is the target for the ready harmonic formation. The FVG also includes the fib 0.618 of the harmonic pattern.

15 min analysis

There is a significant FVG available on the chart. The price pushed somehow a bit higher and removed an inner liquidity. One more liquidity can be swept and the below FVG and be filled. In this case, the price drop will be until 1.112 pair price.

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

 

BTCUSDT

4H analysis

The expected price lose down to the below FVG was partly realized last week. The price returned from $56.1k. Recently, the price hit another fvg around $60.5k. The most likely attraction zone will probably be the liquidity pool above around $62k. This location can be a scalp short position. For any swing position, we have to observe the behaviour of the price according to price reactions on the price range.

15 min analysis

As being on the weekend, we cannot observe serious price movements on BTC. The trading volume shrinks during the weekend and therefore, it is not easy to determine the bias for 15 min. The current price can be shown as a range movement. Since for low trading volumes, it is the best scheme for determining a bias. As $62k is a possible target for 4H chart, I would like to draw attention to bull biased range movements. The validity of the current range can be checked by the reactions from equilibrium. This zone reacted well to the price candles. Two bull positions are shown on the chart by blue and red colours. According to current state of MACD, the red path can be valid.

XAUUSD

4H analysis

According to short term analysis of the last week, we mentioned an upward channel movement of the price. If the channel was broken, we would take short positions. However, it was not broken below. If it was the case, the target would be the FVG zone. Now, there is a bearish deep crab, which is likely to be formed. D point should be at 1.618 of x-A leg. Once the formation is valid, the price can return from $2550 until the liquidity below around $2430. It also corresponds to fib 0.618 of the harmonic pattern.

15 min analysis

The price is pushing upwards, however, there is a clear loss in the momentum according to RSI. It is also obvious from bearish RSI divergence. A mitigation of direct market structure break will occur. According to the type of the break, a mitigation block or a breaker block can be regarded as a good entry location for a short position.

EURUSD

1D analysis

On the daily chart, the market structure was broken on the bearish side last October. Also, a range is available on the chart. On the daily, the candle close should be over 1.125 so that we can assume the bearish structure is invalid. The price is close to generate a bearish butterfly formation. D point should be either on 1.27, 1.41, or 1.618 of X-A leg. According to least point, the return would be just below the range high level. If the extreme point is the target, the liquidity shown the dashed line will be swept. The target will be the equilibrium of the range, which is around 1.08.

4H analysis

Although the price is pushing upwards, RSI is losing momentum. Bearish RSI divergence can be observed from the red lines. In the current situation, MACD is about to cross to the green zone. A continuation of the increase can be still observed. The price will then return, make a market structure break and will target the FVG below.

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

 

BTCUSDT

4H analysis

There was a drastic decrease in the price of BTC. It somehow dropped sharply but recovered within the week to a significant level. On 4H chart, we can observe a market structure break. This is a positive sign to see. Now there are some attraction points such as the fair value gap below. The price can move down to $56k. Long positions can be tried there. Market structure will not change until there is a candle close under $49k.

 

15 min analysis

Current state of the price is oversold. There is a 15-min FVG around $57.6. Our expectation is to reach this zone and then increase in the price to fix the RSI. After that, we may expect the higher time frame analysis FVG to be reached around $56k.

XAUUSD

4H analysis

Gold price perfectly matched our price path. It first filled the fair value gap and then reached TP2 of the harmonic formation. A mini new harmonic formation exists in the price of gold. X-D can increase up to fib 1.618. The target will be the fair value gap shown by the yellow box. Its lower boundary is the fib 0.618 of the formation.

15 min analysis

In the current state, price is making higher lows and higher highs. We can depict the 15-min price movement as an ascending channel. Price can increase one more time and hit the upper boundary of the channel. Then, it may lose the channel movement and move down the below level according to HTF analysis.

EURUSD

4H analysis

After the market structure break on 4 H chart, there was retracement neither to breaker block nor order block. This rise created a fair value gap. Now the price can fill the price gap and then increase some more, after that continue its downward movement. By checking the 1W chart, we could not see any market structure change. The price just took liquidity by moving over the above yellow box.

15 min analysis

After price filled the FVG, it remained within a range. The range made multiple deviations. There is a fair value gap below as an attraction point. The price can either go lower from the current pair price without any upward movement or can move down to range low by retracing back to fib 0.5 of the range.

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

 

BTCUSDT

1D analysis

The analysis of last week showed us a possible drop of BTC price. The descending channel movement is still in play. Current price levels are a possible reversal zone. Sooner or later, descending channels produce a bullish movement. To start such a bullish movement, price must first break the channel over $70k. After that level, higher prices can be expected. We will update chart according to price path. In the current case, both RSI and MACD are close to oversold area.

1H analysis

Price is making regularly lower lows and lower highs since the last week. There was a false signal that can be regarded as a MSB but it did not cross EMA200. Price continued to push lower levels. Now, we can observe two significant FVGs on 1H chart. One of them is around $61.5k and the other one is around $64k. Considering the distance from EMA levels and the current state of RSI, we can expect a rise in the price until FVG zones.

XAUUSD

4H analysis

Considering the analysis of the last week, the price path worked well and we are on the onset of a new week. Recently, a bearish crab formation was formed. There is a bearish RSI divergence and the price dropped sharply. This sharp bearish candle generated a fair value gap. Price can go up to fill the gap and move until take profit 2 (TP2) point, where is the fib 0.618 of the harmonic formation.

15 min analysis

Short term analysis of gold is quite similar to that of higher time frame. The formed fair value gap is visible in the current chart. Price will probably fill some or all of the gap and then move to lower values.

EURUSD

4H analysis

The pair price of EURUSD was within the range drawn on the chart last week. Our expectation was a bullish movement either from equilibrium or range low. Price reached range low and exhibited a manipulation. Then, bullish movement occurred and price went up by a candle with FVG. RSI is in the overbought region. Price can return to breaker block, which is just under market structure break line.

15 min analysis

Market structure break line of 15 min chart is a bit different from 4H chart. After market structure break of the 15 min chart, imbalance was generated. RSI and MACD indicators are indicating a probable decrease of the price. 15 min FVG will possibly be filled. This is the area, which was shown above as the breaker block zone in 4H chart.

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

 

BTCUSDT

1D analysis

Both range and the descending channel worked well until now from early March. Now the price recently passed equilibrium of the range. The price is close to the upper boundary of the channel. The price can hit that level. After that move to lower prices until equilibrium. This will help price to remove some FVG. Then, we have to understand the behaviour of the price whether it will react from the Eq or not.

1H analysis

The low volume is evident from the chart. It is now easy to draw the probable path. If we consider the last speculative movement as a range, the reactions from the eq can be considered fairly well. Current indicator levels support a possible rise. Also, eq of the range have been passed. RH is the closest target. A reversal from RH is likely to occur.

XAUUSD

4H analysis

The price movements well obeyed the expectations for the last week. Price reversed from FVG to fill the upper imbalance at higher prices. Then, it moved down to fib 0.618 of the harmonic pattern. However, other expectation to remove the liquidities in the red circle was not fulfilled with this movement. Although my expectation for the price is to move higher levels, I first wait for a wick to the liquidity pool. But before that, above imbalance can be fixed. The red path is my expectation for a 4H chart.

15 min analysis

Let’s consider the dropping market structure from the start of the red path. It has completed an Elliott Wave. There are waves from 1 to 5 for the bearish side and A-B-C correction waves. Now the price remains neutral. Although there is a loss in the momentum, there are some point of interests above the current price. Price will possibly reach some of them and then remove the liquidity pool below and move to higher levels.

EURUSD

4H analysis

After the loss of the ascending channel, price made a local dip. We can understand this from the indicators such as RSI and MACD. Pair price is slowly pushing upwards. Possibly the imbalance zone just below 1.09 will be fixed.  After that movement, we will consider new position opportunities.

15 min analysis

The recent LTF price movements can be considered as a range. The mid-level is not a perfect equilibrium zone but fine for a reaction area. It is not possible to draw an exact path currently. The best way is to consider two different scenarios. Reactions from RL, RH, and EQ will shape our position entries.

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