SPY/QQQ Plan Your Trade 8-27 - Inside Breakaway PatternThe SPY continues to slide into a sideways melt-up type of trend. Today's Inside Breakaway pattern suggests the SPY will attempt to move away from this consolidation range.
Although I don't expect a huge breakaway today, I do expect the SPY to attempt to move up into the 563+ area, setting up for a bigger move on Thursday and a pullback on Friday.
Gold is pulling back reasonably hard. The 2530-2535 level would be an excellent area to consider buying or adding to any open position. The 2510-2515 level is the Make-Or-Break level for Gold (that would also be our stop level).
I still believe Gold will make another move higher - but I don't think Gold will build enough momentum to rally out of the current range until next week.
Bitcoin has pulled back into the APEX range (see the chart). We need to see it hold up near this Apex range - or it could risk falling below $57k again.
Overall, I see all of these charts (SPY/QQQ/Gold/Bitcoin) stalling and attempting to base ahead of next week. Next week, I believe prices will be more volatile and try to trend upward.
As I've been warning, this week, the markets needed to pause a bit. Now is the perfect time to position yourself for the next big move.
Get some.
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1-BTCUSD
SPY/QQQ Plan Your Trade 8-27 Update : Possible Long Squeeze EODToday's SPY Cycle Pattern should reflect a decidedly bearish overtone to price action. The fact that we opened with a GAP downward and have waffled around just above yesterday's closing price does not really excite me.
I see price failing and waffling around in "no man's land".
This video covers the SPY, Bitcoin, & Gold.
Stay agile. I see the markets rolling downward into the end of the day today - but I could be wrong.
Get some.
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BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion!
In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC.
COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower:
*https://www.tradingview.com/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/
THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout.
If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇
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SPY/QQQ Plan Your Trade For 8-27: Close-1 GAP Trend PatternToday's pattern suggests the GAP Trend portion reflects whether today's open is above or below yesterday's close.
If today's open is above yesterday's close, then I would expect a higher opening GAP leading to a fairly strong rally phase today.
If today's open is below yesterday's close, then I would expect a lower opening GAP leading to a fairly strong selling phase today.
These types of patterns do not often reflect a reversal bar - although reversals can happen.
Overall, I believe the bias is still to the upside. But I also believe price is consolidating in early trading this week and needs to continue to consolidate before attempting to rally again later this week (Thursday/Friday maybe).
So, I would not be surprised to see price stall out a bit today.
Let's see what happens. We may see a bit of a rally or sell-off depending on where today's opening price is and if we see any substantial Opening GAP. The bigger the GAP, the more likely we are going to see price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-26 : BLANK SPY Cycle PatternToday's blank SPY Cycle Pattern means there is no definition for today's pattern in the pattern library. I will dig into this a bit further.
At this point, when we get blank days, it is usually a fairly rare and uncommon pattern that may not develop very often. That makes it hard to identify if there are not many reference points to determine what type of price action to expect.
Still, I go into detail related to what I believe will happen over the next few days/weeks for the SPY, Gold, Bitcoin and provide a series of opportunities for traders in this video.
Remember, it is not about trying to force the markets to make a move. Often, we have to sit back and wait for the next big opportunity to setup.
I believe the next 5+ trading days will present a moderate melt-up in the SPY and Gold. I believe Bitcoin will stay rather flat after the rally over the past 3+ days.
This is why I believe the markets are transitioning into a bigger breakaway phase setting up for Sept 4~10. Thus, I believe traders need to prepare for that bigger move over the next 5~7+ trading days and stay cautious right now.
We are going to move into a consolidation/peak/top phase near Sept 20~25. So, this next rally phase only lasts from Sept 5th through Sept 21 - about 10+ trading days.
Heads up.
Get some.
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BTC BITCOIN Technical Analysis and Trade Idea👀👉 I'm keeping a close eye on BTC right now. We’re seeing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If market conditions align as discussed in the video, I'll be considering a buying opportunity.
This analysis focuses on key aspects of technical analysis, such as trend identification, price action, and market structure. We’ll also discuss a potential trade setup and examine strategies that could increase the chances of success.
Please keep in mind that this analysis is for educational purposes only and should not be taken as financial advice. The observations are speculative and do not guarantee future market outcomes. It’s important to verify current price actions before making any trading decisions.
This presentation provides a comprehensive review of the current trend, market structure, and price dynamics. However, it's important to recognize that while the information is educational, it does not guarantee trading success. Trading in the foreign exchange market carries significant risks, and we strongly advise using sound risk management techniques in all your trades.
We encourage you to do thorough research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-thought-out strategy. 📊✅
Prepare For The BOT COM BUBBLE (Starting 2026 & Beyond)I spent quite a bit of time this weekend going over my custom indexes and other research data to try to identify what and how the Vortex Rally I predicted would take shape.
I mentioned something to my followers/subscribers last week about how today feels like the early 1990s (1991-1994 roughly). At that time, interest rates were just dropping from all-time highs and the general markets were in a bit of stagflation. People were not actively investing in homes or other big assets because it was not clear what the future would bring.
The US government has just gone through the Regan Era - where spending on Starwars and other projects were considered Excessive - but that translated into a massive technology boom-cycle in the last 1990s.
Are we going to see the same type of explosion with Robotics and AI over the next 10-20+ years.
Will that lead to a massive rally phase (global & space growth industries) over the next 50+ years?
How will humanity react to a massive robotics expansion where jobs and services may be replaced by robots?
What will this transition lead to - some new type of human society/expectation where we can actually live a life dedicated to improving the human experience vs. working our entire life?
Watch this video. Pay attention to my research.
If I'm right - we are about to move into a very explosive market phase and smart traders should prepare for this move NOW.
Get some.
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BTC remains bearish next targets 57.7k and 56kIn this video, I provide an update on my previous trading analysis.
I'll discuss the current targets for the bearish scenario and highlight the key levels to watch. Additionally, I present a bullish counter-idea and explain where the invalidation of the bearish thesis might occur. This way, you'll be well-prepared no matter which direction the market takes. Stay tuned to catch all the important details!
"Powell and Trump's Pump" & New Study Showing BTC Fractal TargetWe had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in).
RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great speech at Bitcion 2024 and is a good man, but doesn't have the votes).
Markets reacted positively and some are boldly saying 'The Bull Run is Back'. 🚀
We shall see.
Students of Hurst's Market Cycles will also note that this week (tomorrow the 24th preciely) should be the weekly cycle low, so that could also be a contributing factor.
In this video, I briefly review the NASDAQ:IBIT chart showing one open unfilled gap lower (this can take awhile and so this is still on the table) as well as the new BTC fractal study I mentioned.
(But I forgot to share the DXY chart showing that we're testing the important 101 level, which is looking like it's going to cut right through it like a hot knife through buttah).
Most interesting...
Check out this fractal overlay I pulled from earlier in the year, showing the possible path of Bitcoin higher, and that almost exacly lines up with current / previous trendline S&R as well as my Fibonacci price target of $150, which you can review in some of my other posts here...
Finally seems like we'll have the wind at our back soon.
While this was a nice breeze, I'm going to remain cautious and wait for confirmations higher to go 'all in'. For me, that's seeing confirmed closing price action above $74k.
See the video for some specific / excact entries.
If you'd like me to cover anything in future videos, leave a comment below.
Thanks again to the TradingView team for choosing my last video as 'Editors Pick' today! 🚀🚀
Keep up the good work guys!
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
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.
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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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