BTCUSD Will Rally In Multi-Leg Phase Targeting $104kMy longer-term research suggests BTCUSD will rally through multiple trending-flagging stages and attempt to reach the $104 area before the end of 2025.
My broader market research suggests a unique underlying market phenomenon is taking place, and a Vortex Rally will initiate throughout the end of 2024.
This Vortex Rally phase is a "decoupling" event between the US economy and other global economies. It will most likely be seen in Asian economies.
Because of this, I believe hedge assets will see a fantastic benefit over the next 16 to 48 months. Gold, Silver, and Bitcoin will all increase over the next 16+ months as global traders attempt to hedge against this Vortex Rally and weaker currency rates.
Of course, this move in Bitcoin will happen in stages (phases or legs). The price does not go straight up. It always moves through trending/flagging phases.
Get ready. Defending this $57k level is critical for the next move up to $70.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
1-BTCUSD
SPY/QQQ Plan Your Trade for 8-8 : A Volatile Harami PatternToday's SPY Cycle Pattern is a Harami/Inside.
Because of the recent price volatility and the current price FLAG setup, I expect today's Harami pattern to include a fairly large high/low price range. That means we may see very solid price trending (up/down) throughout the day - whereas today's open/close range should stay within yesterday's open/close range.
If you've been following my research, I expect the SPY to attempt to mount a fairly strong rally over the next 10+ days (possibly longer). After the recent bout of volatility (the Kamala-Crush), I believe the US markets will attempt to move into what I'm calling a Vortex Rally based on simple fundamentals.
In order for this to happen, we need to see a few things happen:
- the US dollar continues to strengthen
- crude oil should continue to slide downward (possibly targeting $65)
- IYT (TRAN) should stay somewhat muted into the end of this year
- Gold/Silver should continue to move upward
- Global markets should continue to struggle
If this happens, it will strengthen my Vortex Rally expectations into 2025 and beyond.
Remember, the SPY Cycle Patterns are not always 100% accurate. But they can provide a very clear context for expectations, and when used with other TA techniques and proper risk management - they can be incredibly helpful.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BTC Bitcoin Technical Analysis and Trade Idea 👉🔍 In this video, we conduct a thorough analysis of Bitcoin (BTC). Recent data suggests that BTC has exhibited significant bearish momentum. Given this trend, I anticipate a potential retracement, particularly as the price has approached a critical support level. My strategy involves closely monitoring the 15-minute chart for signs of consolidation or sideways movement, which could signal a potential breakout. This scenario might present an intraday trading opportunity, targeting previous resistance and support levels.
It’s crucial to understand that these insights are speculative and should not be interpreted as definitive predictions. Accurate confirmation of specific price movements is essential before making any trading decisions, as detailed in the video. The content provides an in-depth examination of the current trend, market structure, and price dynamics, aimed at enhancing your understanding. However, trading carries significant risks, so it is imperative to implement rigorous risk management strategies to mitigate potential losses. 📈🔔
SPY/QQQ Plan Your trade For 8-7 : Perfect Flat-Down PatternToday's Flat/Down pattern played out perfectly. Now, as price nears support, we should be looking to position our trading for the next big move higher over the next 5+ trading days.
If my research is accurate, the SPY/QQQ should begin to setup a base mid/late tomorrow and start to rally into Friday - carrying into early next week.
Watch the video I created this morning to learn more.
This short follow-up video will help you understand how my SPY Cycle Patterns work and how you can benefit from their interpretive capabilities.
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 8-7 : SPY Settles - Gold RalliesThis video highlights what I believe will be the best opportunities for the SPY/QQQ over the next 7+ trading days while highlighting how Gold is setup for a dual-leg rally phase (possibly moving up above $2550) over the next 7+ days.
My continued efforts to deliver pertinent and actionable trade data to my followers are based on the concept that "I do the research—you make all the decisions."
I'm not trying to tell you what to do or when to trade. I'm just showing you what I see on the charts using my skills and understanding of advanced price theories and technical analysis. If it helps you out - perfect. If not, then forget about my research and move on to something/someone else.
Overall, my real objective is to provide very high-quality content (it doesn't matter if I'm right or wrong—I'll stand by my research/data every day).
Today's video is very important. Please understand there are two or three big setups taking place in the SPY/QQQ and Gold over the next 7 to 10+ days.
If my research is correct, this is a wonderful time to plan/prepare for these big moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Black Monday 2024? Discussing Current Markets and PositionsDuring Monday's open, I said this is going to be a day for the history books. Volatility expanded nearly 200% on the day (over 300% in a 3 day period), the Nikkei 225 crashed over 12% in a single day and had the largest 2 day decline ever. It leaked into the US markets with a nasty bearish futures run and massive gaps lower. Fortunately Monday's trading didn't make things much worse, but the damage was already done for many with that dramatic vol expansion. As the dust settles a bit more into Tuesday's trading, I wanted to review everything. Enjoy!!!
Developing Success With PineScript : Building Trigger MechanismsIn my ongoing quest to build better tools for traders, I continue to develop new quantitative trigger logic to improve the working versions I have already created.
Trigger logic is complicated for most people because they fail to take the time to "focus on failure."
Everyone builds trading systems focused on where the triggers work perfectly (trust me - I've seen/built a few hundred of them).
But the most important thing to focus on is where it fails to generate a decent trigger and how you are going to filter it out or protect capital when that failed trigger hits.
In this example, I highlight my new "Gun-Slinger" triggers and how my continued development is creating more advanced trading tools for skilled traders.
I hope you enjoy it.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade for 8-5 - CAUTION: Extreme VolatilityThis video highlights why I believe skilled traders are taking minimal, targeted trades in the current market environment.
With the current market volatility as crazy as it is, I don't believe anyone should be swinging for the fences.
If you learn anything from my videos over the past few weeks - know this.
The #1 rule for trading is to protect capital (at all times).
You can be right or wrong while trading. But you have to learn to live to trade another day.
This crazy market volatility could have made a small fortune for some people but destroyed others.
Until we see the SPY move up above $535-$540, there is still a big risk the markets could fall further.
Watch this video to learn more.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$BTC forecast and current situation video. Resume of all my ideaThis video summarizes my CRYPTOCAP:BTC analysis, which I have published in several ideas. I hope it helps people understand what is going on. This is my first video, and I hope to improve my speaking skills in the future. Thanks for watching.
ALTCOIN CRASH COMING
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here
Even tho the bull market is here we can still have crashes. The ALTCOIN market has just hit a critical level . This needs to be watched carefully.
Please watch the video for more information
Have a great evening.
SPY/QQQ Plan Your Trade 8-5 : The Shot Across The Bow.Watch this video.
I'm going to try to keep this short and sweet.
I've gotten a lot of comments about how my SPY Cycle Patterns have NOT been working out over the past 10+ days and I want to address that.
The SPY Cycle Patterns are built on Gann & Fibonacci price structures/patterns. They reflect "Normal market psychology" and attempt to provide a guide as to what to expect within normal market rotation/trends.
Nothing has been "normal" over the past 3+ weeks.
It all started when Biden dropped out of the race for POTUS. Then, the real shot across the bow was the Bank Of Japan warning the rest of the world "hey, you may need to start aggressively defending your currencies against devaluation risks".
If you really understand what that means, you'll understand the panic process that is playing out right now.
But, I urge all of you to think about "what changed over the past 3 weeks". That is the question I keep asking myself.
What changed is uncertainty (the Kamala-Crush) and the BOJ signaling foreign markets to prepare to defend the value of your currency against the US-Dollar.
And I believe the panic-mode will subside very quickly as global asset prices drop. Falling prices mean stocks move into undervalued price territory. That also means smart traders BUY INTO this weakness for the longer-term ROI potential.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BTCUSD Appears To Complete Final Leg Of Flag FormationI believe BTCUSD will attempt to rally back above $60.5k and attempt to settle above the flag support level before rocketing higher in late August or early September - possibly setting up a very big price advance above $80k.
Watch this video to learn more.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your trade 8-2 - The Kamala-Crush ContinuesIt's been quite a while since I've seen -3%, -4%, or even -6% on my screens.
These are HUGE price swings, and I'm still having trouble identifying why the global markets feel a major crisis has suddenly hit (unless it is all related to Kamala Harris).
This update shows you why I believe the US markets must attempt to find support near this 50% pullback range. If we can't find support at the levels I highlight on this video - then all bets are off and we could enter a much deeper price correction.
I'm still looking at the data, earnings, and other news. I see nothing that says CRASH.
I see US companies preparing for a tough summer - but still making profits.
I see the US moving into a hotly contested election.
I see consumers still spending (moderately).
I just don't see a CRASH event yet. So, I believe this is all a large panic move.
More later.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 8-2 : Breakaway In Carryover ModeAs we have all experienced over the past 6+ days - outside news events can (and often do) disrupt my SPY Cycle Patterns.
I've talked about the Kamala-Crush event (just 10+ days ago) that disrupted market trends after Biden stepped down from running for POTUS in 2024.
I've talked about how capital would shift away from risks because of the sudden shift in expectations.
I've talked about how this shifting capital would likely benefit the US market and what I call (major global economies) - where capital may rush into areas considered safer than most of the rest of the globe.
Then, we saw a bloody attack on Israeli children turn the world upside down with the threat of an Israel/Iran conflict.
We are now seeing Japan really become an issue with the BOJ attempting to manage risk factors related to their economy.
In my opinion, the past 10+ days have been a series of minor crisis events (some a bit more major than minor) that have played out to disrupt the US/Global markets with huge volatility.
We don't normally see 2.5 to 5.5% price swings - EVER. These types of price swings are MASSIVE.
We are living through a disruption that may go down in history related to a global shift in expectations.
But, at the same time, we've only seen the US markets fall 3.5% from the recent highs. Certainly not a CRASH event (yet).
Honestly, I don't expect my SPY Cycle Pattern to play out very well today. I believe these outside factors are really driving price action and I've clearly tried to highlight that in this video.
If & when the markets settle and move back into more normal types of price trending (away from outside factors driving price trend) - the SPY Cycle Patterns will likely fall back into a better predictive mode.
As I stated, the SPY Cycle Patterns are not 100% accurate all the time. The past 10-15+ days have been very unusual (to say the least). We've seen a series of events that are really unprecedented (starting with the Kamale-Crush).
Buckle up. Today could be a very interesting day if support holds. We may see the SPY attempt to rally back above $552-554 at some point.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 8-1 : Where's the BaseRally301 PatternI know. I'm asking the same question.
Today's move is not normal. The US markets don't move 1.5 to 3.5% on normal days. This is something bigger - outside the normal scope of market data.
It could be the election conflict in Venezuela.
It could be the US POTUS election news.
It could be what appears to be a collapse in Asian markets.
It could be that European markets fell hard today.
It could be anything that is related to forward expectations for the US/Global markets.
My data is still showing this is a DIP in a bullish trend (a BUY THE DIP opportunity).
My data shows the following:
- Europe & Asia are trending downward.
- US is following Europe/Asia.
- US-Dollar Demand (SPY BASE TREND) is flat - but still strong
- Hedge Assets (Gold/Silver/BTCUSD) are holding up well in the face of this move.
- The MRM system has not turned BEARISH yet (that's good).
- Major Markets To Metals (hedge instruments) are much weaker.
- The Volatility Index is at 15.51 (still above the <12 level for a bearish trend).
- The Leading Index is lower (showing Volatility near a Flag Apex).
- The Market Ratio index is higher (showing reflation strength).
- The US to Global Index is still showing the US markets are stronger than the foreign markets.
- The US Valuation Trend index is at 240 (reflating strongly compared to foreign markets).
After watching the price trend all morning with my new MENT Pressure System (including the Fibonacci Price Theory model), I really do believe this is a FLUSH-OUT LOW setting up which will revert back into a bullish price trend (the Vortex Rally phase).
Nothing seems broken to me (yet).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 8-1 : Base Rally After Gap FillToday's BaseRally301 pattern is certainly giving us a run for our money.
I expected a bit of a pullback in early trading today, but I didn't expect the SPY price to fall far enough to CLOSE THE GAP.
This is a great example of staying agile and running with what price gives us.
Now, as we have closed the GAP and still trying to find a base/support level to mount another rally attempt.
Please watch this to learn how important the next 4 hours are related to the future rally trend for the SPY.
Today should be very interesting if the SPY Cycle Pattern plays out as I expect.
This video also includes Gold, Bitcoin, and the QQQ.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 8-1 : BaseRally301 Pattern TodayThis video is to help you understand the continued initiation of the Vortex Rally phase and how today's BaseRally301 pattern will play out.
Within this video, I cover the SPY, QQQ, Gold, & BTCUSD.
This should really give you a solid primer as to what I expect the SPY to do today and why I'm waiting for the first 30 to 60+ minutes to play out before looking for any trades.
I expect the SPY to move in a consolidated downward price trend for the first 30-60+ min, then start to move into the rally phase.
Plan your trade. Remember to use the allocation model I shared with everyone yesterday.
A. Pick your Entry Price
B. Pick your Stop Level
C. The difference between your Entry Price and Stop Level becomes your RISK FACTOR (say $2).
D. Pick how much you are willing to RISK AMOUNT on this trade (say $500)
E. Divide Your Risk Amount (D) by the Risk Factor (C): 500 / 2 = 250. You are only allowed to trade 250 shares (or less) to maintain your risk containment levels.
It is pretty simple once you get used to this structure.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Weekly Recap & Market Forecast $SPX (July 28th —>Aug 2nd)**DIYWallST Weekly Recap & Market Forecast**
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Hello Investors! 🌟 This week was marked by significant economic and political developments, driving volatility in global stock markets. Let’s dive into the key events that shaped the financial landscape. 📈
**Market Overview:**
The week began with a surprise rate cut by China’s PBOC, but this was quickly overshadowed by President Biden’s announcement that he was dropping out of the race. The Democratic Party swiftly rallied around Kamala Harris, with endorsements pouring in from state governors and, ultimately, the Obamas. By the end of the week, Harris appeared to have secured the nomination. The political developments contributed to a 'Trump-trade' sentiment, with small-cap value stocks continuing to outperform mega-cap technology shares. The cool June CPI and subsequent soft data points have also fueled expectations of Fed rate cuts later this year, underpinning this market rotation.
The US yield curve steepened notably, with the 2-10 year spread popping above -15 bps, while the VIX rose sharply through Thursday. A letter from former NY Fed President Dudley may have increased investors’ expectations for a Fed rate cut. The Bank of Canada cut rates for the second straight meeting, while global PMI readings indicated some softening, particularly outside the services sector. Pulte’s home orders fell short of analyst expectations, and June existing home sales missed targets despite rising supply levels. Richmond Fed data was weak, and several major industrial and chemical companies cut their outlooks. June PCE data indicated “further progress” for the Fed, echoing concerns about discretionary spending and a softening consumer pushing back against price hikes.
**Stock Market Performance:**
- 📉 S&P 500: Down by 0.8%
- 📈 Dow Jones: Up by 0.8%
- 📉 NASDAQ: Down by 2.1%
- 📈 Russell 2000: Up by 3.3%
**Economic Indicators:**
- **US Yield Curve:** Steepened significantly with the 2-10 year spread popping above -15 bps.
- **June Existing Home Sales:** Missed expectations despite rising supply levels.
- **Richmond Fed Data:** Indicated economic weakness.
- **June PCE Data:** Showed progress in cooling inflation.
- **Bitcoin Prices:** Climbed ~5% ahead of Former President Trump’s appearance at a crypto conference.
- **Dollar and Yen:** The dollar remained steady, while the Yen rose amid speculation of a potential BOJ rate hike.
**Corporate News:**
- **Google and Tesla:** Earnings reports did little to curtail volatility. Tesla missed estimates and Google’s YouTube ad revenues fell short, leading to a decline in AI enthusiasm as Google's AI monetization efforts didn't meet investor expectations.
- **Ford Motor:** Shares tumbled after a significant earnings miss, with the company continuing to lose money on each EV it produces.
- **3M:** Shares surged after posting a big earnings beat, despite noting softness in consumer discretionary demand and mixed industrial end markets.
**Looking Ahead:**
Next week will feature several key events:
- **Fed Rate Decision**
- **Powell Press Conference**
- **U.S. Jobs Report**
- **Earnings Reports:** Microsoft ( NASDAQ:MSFT ), Apple ( NASDAQ:AAPL ), Meta ( NASDAQ:META ), Amazon ( NASDAQ:AMZN ), Intel ( NASDAQ:INTC ), ExxonMobil ( NYSE:XOM ), Chevron ( NYSE:CVX ), Boeing ( NYSE:BA ), and McDonald's ( NYSE:MCD ).
As we look forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. If you have any questions or need further insights, feel free to reach out. Here’s to another week of informed investing and strategic decision-making! 🌟
### **Market Forecast (Updated 07/28/2024)**
**SPX** - TSLA reported poorly on their earnings + weak guidance from GOOGL drove the market down. Money continued to Rotate into Small Caps from tech sector last week.
With FOMC this week, we could potentially see a bottom in the market by Friday as we are pretty oversold at this point.
Next resistance $5505 and $5653
Next support $5423 and 5285
Weekly Sentiment = Oversold
**Chart Analysis:**
()
**Dollar Index:** DXY-Currently, the market is looking at 2-3 rate cuts by the end of the year, But we should get a clear picture from FOMC chair this week on exactly what they are thinking.
JPY is also starting to gain strength, Both of these things could weaken the DXY.
Next resistance $104.78
Support $104
Sentiment = Crossover to downside
**Put to call Ratio: 1.15—> 1.28
Next FOMC date: July 31, 2024**
**Fear & Greed Index: 49—>45**
! (prod-files-secure.s3.us-west-2.amazonaws.com)
**BTC:** Crypto market has been pretty strong and testing resistance, Trump spoke very highly of crypto as well but he also flip-flops a lot.
The key thing to watch here is the Dollar index, if that continues to drop, we could see btc test new highs.
However, we have a huge trendline at 68k and if we can break over it, it could start a bigger bull run as well.
Google our "DIYWALLST 2024 Crypto Forecast" for our favorite alt coins.
Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here)
Here are the main reasons why.
👉 Elliot Wave Theory
I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5).
👉 Bitcoin-Dominance Increasing & ALTS Bottom
Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE:
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KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
$700 on a Saturday Morning (BTC)Probability is the name of the game with any trading setup.
Let me ask you this, If I made you a bet in which you think the probability that you'd win that bet is lower than your chances of winning, would you take that bet?
If you answer yes, you are a gambler because that is exactly what gambling is. If you go to the casinos, you hear it all the time - your chances (probability) of winning are very low as they are skewed in favor of the casino. Lets be real, a casino is a business and the business's goal is to make money. It is just sad that most gamblers aren't smart enough to realize that the money is mostly being made off of their backs.
Conversely what about if you realized the probability is skew more in your favor, would you take the bet? You'd be foolish not to as it is more likely to be easy money for you right?
That is the theory I have applied here. Simple in and out.
That's it, no special strategy, special terminologies, weird candlesticks patterns and all that B.S.
K.I.S.S - Keep it stupid simple
Have a good day guys!