I don't know what it means yet, but we will know next week
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wrong picture...
this is the right one.
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I have two theories:
A. The last time's 9.1k test maybe a fake dump, but the buyback is not strong enough to break the top either, so we can take that wick as a shakeout instead of textbook's bullish bottom candle. All these selling with volume are real, and the bought back are fake without volume. Hence, it's a shakeout at 9.5k then come with the distribution.
B. The 9.1k test confirmed that no one is willing to chase the price below 9.2k, which confirmed the bottom in whales' mind. But then they sell the 9.8k for another shakeout, come with all these high volumes selling wicks. All these price actions are showing what we saw from the data, the buyers are weak, and sellers are strong. But in the end, it is the whales selling into their buy walls, and people fomo sell into it also. Which is a huge bear trap, as same as the textbook told us and the first picture above, a bear trap at 6k level, then pump back to 0.618 level, which is 12k for the current price. Besides, if this is a bottom, then the Adam and eve pattern will project to 2 times high from the neckline to the bottom from here, which is also 12k.
A. The last time's 9.1k test maybe a fake dump, but the buyback is not strong enough to break the top either, so we can take that wick as a shakeout instead of textbook's bullish bottom candle. All these selling with volume are real, and the bought back are fake without volume. Hence, it's a shakeout at 9.5k then come with the distribution.
B. The 9.1k test confirmed that no one is willing to chase the price below 9.2k, which confirmed the bottom in whales' mind. But then they sell the 9.8k for another shakeout, come with all these high volumes selling wicks. All these price actions are showing what we saw from the data, the buyers are weak, and sellers are strong. But in the end, it is the whales selling into their buy walls, and people fomo sell into it also. Which is a huge bear trap, as same as the textbook told us and the first picture above, a bear trap at 6k level, then pump back to 0.618 level, which is 12k for the current price. Besides, if this is a bottom, then the Adam and eve pattern will project to 2 times high from the neckline to the bottom from here, which is also 12k.
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For A, the 9.1k needed to be broke, and it needed to be held for B.
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prntscr.com/olruae
2019-07-29 19:23:01
the sentiment of the box is following the price action closely.
2019-07-29 19:23:01
the sentiment of the box is following the price action closely.
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hence, the trollbox sentiment is pretty much as same as a ema 21 on 1 min chart..
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for a trader, should never worry if 9.1k holds. They are just posting the 1 minute ema 21's price action...
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2019-07-29 20:14:28
two identical patterns, EURUSD and XBTUSD
two identical patterns, EURUSD and XBTUSD
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if xbt moves like EUR, we will fly from here.
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buyers still very weak
2019-07-29 20:18:13
2019-07-29 20:18:13
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9408
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Trollbox's sentiment is as fast as the 1 min 9 ema.
Achieve every thing but stay discipline
从心所欲不逾矩.
从心所欲不逾矩.
No buyers at 9.5k, the buy walls kept being broke for 4 times and a wick back without volume.