Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.
Click link above to see detailed analysis 👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading
1-BTCUSD
SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.
Follow my research.
Get some.
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SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560.
I don't believe we'll see any big trends today - mostly just sideways consolidation.
Gold will likely attempt to move above $2450 - attempting to regain support above $2535.
Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week.
Today may be more of a "go golfing" day.
Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week.
Get some.
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BTC Short Term Swing Short into Bullmarket Long. (56k)In this video, I break down a strategic short-term swing trade that could be catalyzed by the upcoming speech from Federal Reserve Chair Jerome Powell. Such events are known to introduce significant market volatility, offering a prime setup for a potential trade.
We'll analyze key levels that could signal a strong entry point, with a particular focus on a long trade that may pave the way for a broader bullish trend. This analysis aims to position us ahead of market movements, enabling us to capitalize on any emerging opportunities.
Stay tuned as I detail how to approach this setup with precision. If you're looking to enhance your trading strategy and stay ahead of market shifts, this is a must-watch.
Don't forget to follow this channel and enable notifications to stay updated on critical market insights and trading opportunities.
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana.
And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps.
Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed.
I also share potential paths, likely a dip first, then push higher toward ATH.
And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market.
Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here.
Let me know what you think, and please like the video.
SPY/QQQ Plan Your Trade For 8-22 : Flat-Down PatternToday's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend.
In this video I cover Gold, Bitcoin, and the SPY.
What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply trading sideways (flagging).
We'll see how things play out today.
I would not be surprized to be saying the same thing tomorrow morning.
As we close out the week, get ready for a bigger price move into late August/early-September.
Get some.
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SPY/QQQ Plan Your Trade Update 8-21 : Markets Top & StallAs I suggested in Monday's video, the SPY Cycle Patterns predicted today's TOP more than six months ago. Tomorrow's inside/harami pattern suggests the markets will stall out the rest of this week.
I urged traders to prepare to wait out this week and sit on the sidelines. When the markets stall like this, it is best to avoid trying to trade in tight ranges. Wait it out and maybe pick out a few great swing trades for next week's rally phase.
This update shows you why Bitcoin, Gold, and the SPY/QQQ will continue to stall and stay in a sideways price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-21 : Top Pattern Today.I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556.
Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today.
Top patterns usually start with a moderate uptrend, leading to a peak in price, followed by a moderately sustained pullback/downtrend.
The 553-556 level is the nearest moderate support level.
The 561-563 level is just above yesterday's high and well into the SPY upper GAP window, which will likely act as resistance.
Buckle up because we are moving into at least 2~3 days of trending sideways before transitioning back into the rally phase.
Gold may attempt to move above $2570 today.
Bitcoin needs to find support, otherwise a breakdown in price in likely over the next 3+ days.
It should be fun to see how things play out this week.
SPY/QQQ Plan Your Trade 8-20 Update : No Bozu YetPrice needs to make a move if we are going to see a Bozu Trending bar today.
The levels I drew in the morning video were perfect (so far). We have seen the SPY do nothing most of the day and that means price is likely shifting away from trending - into Flagging.
My expectations are for price to attempt to setup a high/low range over the next 2~3 trading days, then move into a consolidated/sideways flagging formation.
This is a great time to prepare for the next big move (next week) and to try to plan your trades around this Flag/Base type of formation before the Vortex Rally sends the SPY higher.
This video covers SPY, Gold, BTCUSD.
Get some..
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SPY/QQQ Plan Your Trade For 8-20 : BozuTrending Counter-TrendToday's Bozu Trending bar in counter-trend mode could be very exciting.
Bozu trending bars are typically relatively large and represent a strong price trend.
As we move closer to the upper GAP window, we may see the SPY rally through that window today—or we may see the SPY pull downward, away from that GAP, and attempt to retest support near 552.
Please watch today's video because the Counter-Trend mode of the Bozu pattern suggests we may see a downward price bar today.
I've highlighted two key price areas we need to watch regarding which direction the SPY will attempt to trend today. If we stay within those two price levels - price will stay muted today.
Otherwise, I expect the markets to BIAS to the upside but counter-trend to the downside.
It should be an interesting day for trading.
Gold is RIPPING and Bitcoin appears ready for a ripper rally.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 8-19 : Gap Potential (Consolidation)This short video shows you why I believe the US markets will move into a consolidation phase over the next 5-7 days. This phase will likely represent moderate volatility with a Bozu Trending bar on Tuesday (8-20).
That Bozu Trending bar may be very explosive in price range.
Sit back, wait for the lows to setup over the next 5+ days and position your trades for the bigger Vortex rally phase setting up in about 7+ days.
If my research is correct, by 8-26 or so, we should be moving back into the Vortex Rally phase again.
Gold, Bitcoin, Silver, SPY, QQQ and others will likely consolidate this week unless there is big news.
Get some.
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BTC might dump to 41k (Black Swan)Market Maker Sell Model Analysis | Potential Short Targets
Description:
In this video, I dive deep into the Market Maker Sell Model and discuss potential short targets. We'll explore how Market Makers build their positions during a downward move and how you can effectively capitalize on these movements to trade profitably.
Watch the video and let me know your thoughts or any questions you may have in the comments!
SPY/QQQ Plan Your Trade Update For 8-16 : Inside BreakawayThe move in the SPY today is very consistent with my Inside Breakaway SPY Cycle Pattern.
Additionally, the move in Gold is exactly what I predicted would happen over two weeks ago. A dual-leg rally up to $2550.
Now, we'll watch Gold rally above $2600 as this second leg appears to have considerable momentum.
As we close out the week, I do suspect the SPY will attempt to create a right-shoulder for an inverted Head-n-Shoulder pattern next week. So, be prepared for the SPY to possibly consolidate and move downward a bit before attempting another rally phase.
My SPY Cycle Patterns tend to agree with this changing cycle phase in the SPY - so there is some consistency related to a right-shoulder setup.
Overall, this has been a tremendous week for traders.
My research has continued to deliver great results for my followers and the big move in Gold has been incredible.
Next week, we'll do it again.
Get some.
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SPY/QQQ Plan Your Trade For 8-15 : Counter-Trend CarryoverA Counter-Trend Carryover pattern is a "coasting" of price in an opposite trend direction.
So, for today, I expect the price to stay somewhat within yesterday's range while trending downward.
I don't expect yesterday's lows to be broken/breached - although it could happen.
I believe today will be more like a pause in price before attempting another move higher.
Today's pause may be very mellow in structure/size.
I believe the SPY/QQQ are biased to the upside, so I expect this price pause to stay above recent support levels.
Watch this video to see why I believe the recent upper range of the Gap will act as firm support for an upward price move into next week.
We have to wait for the markets to return to Trending mode.
60% of trading is WAITING for the opportune setups.
Get some.
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BTC after CPI. 70k soon?In this video, I analyze Bitcoin's price action following the recent CPI news.
Price deviated above the Monday range but returned to the 50% level of that range, offering a great short trade opportunity. I discuss two potential scenarios for future price movements and share insights into my trading strategy. Despite short-term fluctuations, my bias remains bullish, with a target of $70,000.
SPY/QQQ Plan Your Trade For 8-14 : Today Is A RALLY DayToday is a RALLY day on my SPY Cycle Patterns.
After the recent base/bottom in the SPY and the subsequent reversion to the upside - I expect today's rally to be somewhat muted in size. I'm not expecting a large range rally bar to form today - although it could happen.
The reason I'm not expecting a huge rally bar today is because we've already seen a very strong upward price move - particularly yesterday's Breakaway pattern.
I see the markets right now: they've already moved substantially higher (more than 61% of the recent downtrend) and are likely to stall out a bit before attempting to move higher.
Price never moves in a straight upward or downward trend. There are always pauses, pullbacks, or countertrends along the broader price trend, and traders need to expect them as the broader trend plays out.
Today, I'm expecting the price to attempt to melt upward but, at the same time, reflect a "pause" in the rally phase—essentially, slow down the rally phase a bit.
I do believe the IWM (Russell 2000 ETF) may offer traders a great opportunity. The undervalued sectors have been weaker than the main US Indexes. The Russell may trend broadly higher today in an attempt to play "catch-up" with the other indexes.
Gold may be making another big move higher - possibly starting the second leg upward.
Get some.
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SPY/QQQ Plan Your Trade Update 8-13 : Perfect Breakaway RallyToday's SPY Cycle Pattern, the Breakaway in Trending mode, appears to have been a perfect call for today's price action.
We have seen an impressive rally take place all morning long.
I know it's hard to believe my SPY Cycle Patterns can predict a market trend/rally like this, especially when you consider these predictions are made months and years in advance.
But when you look at how price plays out most of the time, these patterns actually predict market price characteristics as long as some type of panic or crisis mode doesn't intervene.
Tomorrow's rally pattern should be more like what we see today.
Get some.
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SPY/QQQ Plan Your Trade Update For 8-13: Breakaway GAP RALLYWatching the markets this morning, it was very clear the SPY Cycle Pattern prediction of a breakaway pattern setup cleanly with the morning bullish price gap.
Now, we get to watch as the markets struggle to move above recent resistance channels (and Fib retracement levels) as the Vortex Rally base continues to build.
I find it very interesting to watch so many other analysts continue to predict a CRASH.
What changed over the past 5+ weeks?
- A different candidate for the elections?
-- the US elections were in question many months ago.
- Bank Of Japan indicating they need to aggressively support the YEN?
-- the US Fed rate hikes were already putting pressure on global currencies and economies.
- Conflicts in the ME (as that situation continues to work itself out)?
-- The Israel conflict has been ongoing for more than 40+ years. Israel is doing what it must to defend itself from multiple aggressors.
- What else?
I simply don't get why so many other people seem to think the US markets are, somehow, going to absorb all of these foreign market economic & currency issues.
So what, Asian currencies weaken further over the next 24-36 months. How does that detract from the US economy?
So what, the Canadian dollar weakens further and their economy moves into a recession. If you remember correctly, the Canadian economy was super-heated pre and post-COVID (at about 150% of the US economy). It is almost essential for the Canadian economy to contract after a massive speculative bubble.
So what, other foreign markets struggle to defend their economies and currency values as we shift/settle into a more defined global structure. The decoupling of these global economies is actually a very healthy component of what is taking place throughout the globe - monetary contraction.
We need to see this type of monetary contraction in order to move into an organic growth phase. The US Fed and global central banks kept the world's economies on a high over the past 10+ years with easy rates. Now, we need to settle back into more normal rate/economic function.
And I still believe the US economy is the strongest, most dynamic, and most capable of growing over the next 24-36 months while the rest of the globe "settles into a base".
Get ready for a Vortext Rally in the US/US-Dollar.
Get some.
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SPY/QQQ Plan Your Trade For 8-13 : Breakaway May Pause A BitThis morning's video covers the SPY, QQQ, Gold, Bitcoin, IWM, and more.
I suspect today's Breakaway pattern will result in a moderate pause before the markets attempt to move higher.
I still believe the US markets are shifting (decoupling) from global markets a bit, and we are amid a mild "shakeout."
I believe the US markets must settle (establish a base) before the rally can continue.
Ultimately, what has changed over the past 90 days is nothing other than the fact that we have a new dynamic in US politics, and the BOJ has warned that the US Fed's rate decisions may put extreme pressure on foreign currencies.
Get ready for a bit of a sideways slide before the markets resume trending (I believe upward) again.
Get some.
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Bitcoin Analysis | Follow-Up: Key Level & Potential TradeIn this video, I present a follow-up to my previous Bitcoin analysis, diving deep into a crucial key level. I’ll outline a potential trade scenario that could develop in the coming days and discuss why this setup is particularly interesting to me. I also explain which trading setup I prefer and why it’s the best fit for my strategy.
If you find this analysis helpful, please give it a like and share your thoughts in the comments. Your support motivates me to keep creating valuable content for you!
SPY/QQQ Plan Your Trade For 8-12: Gap/Breakaway PatternWatch this video to learn why the Vortex Rally is building a base and why it is important that price stay above the 0.382 and 0.50 Fibonacci price levels as the base forms.
You'll see how these Fibonacci price structures are key components to all of my research and how to use them efficiently.
Fibonacci Price Theory teaches us price is always attempting to reach new highs and/or new lows. Additionally, price moves in only two modes : Trending or Flagging.
When you completely understand the mechanics of price and how price attempts to operate (see above), then you can pick apart charts very easily.
Currently, price is moving higher (establishing new higher highs) and may attempt to break through the downward 0.382 & 0.50 ceilings as the Vortex Rally base continues to build.
Stay cautious this week as we may see extended price volatility. There will be a huge opportunity (sweet spot) for traders over the next 60+ days to catch more of this big Vortex Rally phase.
Get some
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Bitcoin Sunday Review - Expectations & Trade IdeaBitcoin Price Action and Trade Idea: Analyzing the Current Market Movements
In this video, I analyze the current Bitcoin price action and share my thoughts on where the market might be headed next. I highlight key inefficiencies in the market that could present trading opportunities and present a specific trade idea to capitalize on these movements. Whether you're an experienced trader or just starting out, this video offers valuable insights and strategies for navigating the Bitcoin market.