12/06/23 Weekly outlookLast weeks high: $27401.2
Last weeks low: $26363.7
Midpoint: $25326.2
A massive week in the markets this week:
Tuesday - US inflation data to be released tomorrow (Inflation rate YoY, MoM and core inflation YoY.)
Wednesday - PPI MoM, FED interest decision, FOMC economic projections & FED conference.
Thursday - Initial jobless claims & US retail sales
All these events happening so closely together signals huge volatility to be expected. This coupled with the SEC news the crypto space is balancing on a knife edge. We've already seen alts bleed extensively but BTC and even ETH have yet to seen similar sell-offs. Perhaps we will see it this week.
As it stands price is near last weeks low, with the incoming volatility I think we can safely assume that price will break lower, it's a question of how far below it will go.
1h
Overview of Cryptocurrency Volatility - 1h, March, 2023.Analysis of the volatility index in March. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. CFX /usdt.p - 1211.77% (High&Low: 2641.12%)
2. STX /usdt.p - 1052.51% (High&Low: 2191.65%)
3. ACH /usdt.p - 1018.25% (High&Low: 2094.36%)
4. MAGIC /usdt.p - 1017.93% (High&Low: 2076.21%)
5. AGIX /usdt.p - 984.41% (High&Low: 2078.51%)
6. MASK /usdt.p - 948.87% (High&Low: 2023.86%)
7. RNDR /usdt.p - 898.77% (High&Low: 1892.08%)
8. SSV /usdt.p - 897.25% (High&Low: 1969.96%)
9. IMX /usdt.p - 896.33% (High&Low: 1892.39%)
10. TRU /usdt.p (Start: 07.03.2023 12:00 Etc/UTC) - 895.61% (High&Low: 1860.32%)
11. COCOS /usdt.p - 888.94% (High&Low: 1785.18%)
12. SNX /usdt.p - 874.79% (High&Low: 1758.15%)
13. LINA /usdt.p - 871.60% (High&Low: 1871.66%)
14. REN /usdt.p - 857.17% (High&Low: 1821.97%)
15. HIGH /usdt.p - 852.51% (High&Low: 1774.44%)
The coins showed the worst result: BNB /usdt.p - 301.11% (High&Low: 607.70%), JOE /usdt.p (Start: 29.03.2023 12:00 Etc/UTC) - 79.41% (High&Low: 199.67%)
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, February, 2023.Analysis of the volatility index in February. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. CFX /usdt - 1442.02% (High&Low: 2981.36%)
2. HIGH /usdt - 1104.88% (High&Low: 2350.01%)
3. RNDR /usdt - 1045.63% (High&Low: 2153.33%)
4. STX /usdt - 979.39% (High&Low: 2180.80%)
5. COCOS /usdt - 960.65% (High&Low: 2062.28%)
6. MAGIC /usdt - 933.54% (High&Low: 1976.79%)
7. FET /usdt - 905.54% (High&Low: 1953.33%)
8. ASTR /usdt - 898.78% (High&Low: 1919.20%)
9. DUSK /usdt - 891.55% (High&Low: 1768.47%)
10. PHB /usdt - 888.84% (High&Low: 1901.10%)
11. DODO /usdt - 880.97% (High&Low: 1810.57%)
12. HOOK /usdt - 878.07% (High&Low: 1847.88%)
13. LDO /usdt - 835.25% (High&Low: 1784.49%)
14. STG /usdt - 832.73% (High&Low: 1689.60%)
15. MINA /usdt - 810.43% (High&Low: 1836.91%)
The coin showed the worst result: BTC /usdt - 200.64% (High&Low: 450.56%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, January, 2023.Analysis of the volatility index in January. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. HOOK /usdt - 1156.19% (High&Low: 2458.48%)
2. ANC /busd - 990.89% (High&Low: 2184.49%)
3. LDO /usdt - 966.14% (High&Low: 2083.05%)
4. GALA /usdt - 957.66% (High&Low: 2052.71%)
5. PHB /busd - 946.5% (High&Low: 2085.62%)
6. APT /usdt - 907.17% (High&Low: 2101.18%)
7. OP /usdt - 799.48% (High&Low: 1760.77%)
8. OCEAN /usdt - 795.33% (High&Low: 1719.13%)
9. GMT /usdt - 789.94% (High&Low: 1695.64%)
10. DYDX /usdt - 747.58% (High&Low: 1612.22%)
11. LUNA /usdt - 712.64% (High&Low: 1519.07%)
12. HNT /busd - 702.37% (High&Low: 1544.36%)
13. FTM /usdt - 689.97% (High&Low: 1485.82%)
14. AUDIO /usdt - 686.29% (High&Low: 1438.73%)
15. MASK /usdt - 678.93% (High&Low: 1494.87%)
The coin showed the worst result: BTC /usdt - 204.1% (High&Low: 465.11%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, December, 2022.Analysis of the volatility index in December. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. LEVER /busd - 1002.31% (High&Low: 2274.3%)
2. ANC /busd - 784.61% (High&Low: 1519.88%)
3. BNX /usdt - 639.54% (High&Low: 1369.09%)
4. REN /usdt - 593.44% (High&Low: 1249.88%)
5. MASK /usdt - 580.46% (High&Low: 1281.46%)
6. PHB /busd - 574.7% (High&Low: 1326.25%)
7. OCEAN /usdt - 545.74% (High&Low: 1196.13%)
8. HNT /busd - 543.13% (High&Low: 1220.3%)
9. AMB /busd - 537.81% (High&Low: 1220.83%)
10. RLC /usdt - 514.08% (High&Low: 1087.3%)
11. BAND /usdt - 509.97% (High&Low: 1036.89%)
12. ANT /usdt - 505.74% (High&Low: 1059.93%)
13. DYDX /usdt - 483.25% (High&Low: 1051.11%)
14. WAVES /usdt - 475.18% (High&Low: 1080.01%)
15. LIT /usdt - 468.61% (High&Low: 1041.93%)
The coin showed the worst result: BTC /usdt - 122.62% (High&Low: 291.98%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
30/05/23 Weekly outlookLast weeks high: $28225.6
Last weeks low: $27040.8
Midpoint: $25856.0
A little late due to bank holiday. BTC did go on a weekend rally to close strong near 28K. We've seen this happen before and usually the following week most of the gains get roundtripped back down, in this case targeting around 26K.
Tomorrow is the end of the month, currently we have our first red month in 2023. Could this be a correction from from a rally since the start of this year around the 16K mark, BTC's value has doubled since then so a correction makes sense even though we have been chopping for what seems like a long time.
22/05/23 Weekly outlookLast weeks high: $27656.6
Last weeks low: $26997.5
Midpoint: $26338.4
With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility.
With price tightening the way it is, usually an impulse move follows, the longer we consolidate at this level the bigger the move that follows is the general rule.
01/05/23 Weekly outlookLast weeks high: $30063.8
Last weeks low: $28501.3
Midpoint: $26938.8
BTC starts a new month today. April is usually known as a bullish month for cryptocurrencies in general and although the monthly did close green, the market spent a lot of time chopping sideways inside our new range of 25.2-32.5k. The April candle could be a potential bearish abandoned baby pattern and therefore would see May be a bearish candle that would aim to hit the 23k area
Acceptance above the 32.5k area would be extremely bullish, however having climbed approximately 100% from the January lows, and no signs of new money coming in I'm fearful that that we may have exhausted this rally and need to start again lower down.
24/04/23 Weekly outlookLast weeks high: $30480.8
Last weeks low: $28770.3
Midpoint: $27059.7
Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA.
The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high.
I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
17/04/23 Weekly outlookLast weeks high: $31062.6
Last weeks low: $29603.2
Midpoint: $28143.7
Having missed last weeks outlook (10/04) We had a very interesting week. Price rising to new local highs of 31k, before dropping back towards the 1H 200EMA nearer the midpoint of the weekly range all whilst respecting the quarterly ranges very accurately.
The week has begun with a sharp decline off the 0.75 line towards the 1H 200EMA just above the midpoint. For me, losing the 200ema would be bad for the bulls, it's evident right now that the bulls are trying to defend that position and so far are doing it well. Personally I'm looking for a reaction to the bullish Orderblock that's in the middle of the 0.25 - 0.5 line. Clearly there are some big long positions in that area that need defending/Adding to. It's also at the top of the previous mini range that lasted for a couple of weeks.
My prediction would be: lose the 1H 200EMA --> react off the bullish OB --> retest 1H 200EMA as resistance and that's then key to both sides. If resistance is confirmed last weeks low is the next battleground, but of the 1H 200EMA is reclaimed I could see a push up to the all important 32.5k.
Could be wrong but those are just my thoughts and perspective on things for this week.
03/04/23 Weekly outlookLast weeks high: $29202.3
Last weeks low: $27844.3
Midpoint: $26486.3
From the volatility of the FED's FOMC announcement, the volatility has continued into last weeks price action in BTC. The 1H 200EMA had price ranging underneath it between the week low and the 0.25 quarter line. Once price had reclaimed 0.25 and had a successful retest, the 1H 200EMA was also reclaimed and a large rally followed. Since then the moving average has acted as support as it did for the previous week, this still remains one of the most important indicators for Bitcoins momentum.
With last weeks price action beginning and ending at the midpoint of the weekly range, it's clear that there are slowing momentum concerns. That coupled with the wick up to $29200 to grab liquidity and stop out shorts from the double top of two weeks ago.
I do think we are poised to retest 25.2k at some stage or another, it's a very key level that represents the top of the range we spent 9 months in, which is now the floor of our new range that reaches 32.5k. The potential for a bulltrap rally up near the ranges midpoint of 30-31k before retesting 25.2k would be my guess, however it is just that, a guess for now.
I would like to see certain structure taking place before entering any trades that follows this narrative. For example an impulse rally above 29.2k that stops out shorts and squeezes higher before rejecting aggressively reaching 30.5-31k, I think this will get enough bulls excited to trap them for the dip down to 25.2k.
Parallel channel update! retestI try to use as many indicators as I can to experiment and learn from thier comecomes.
Iv been using the parallel channel tool recently and I enjoy how simple but handy it is.
To me, recently we broke down from a upward trending channel (green) and it looked to me as if I slight downtrending channel was beginning to form (orange)
Yesterday we momentary broke back out of the orange channel, perfectly retested the bottom of the green channel and got heavy resistance before re-entering the orange channel (retest and mini fakeout)
See the link post for past related posts and keep an eye out for updates :)
27/03/23 Weekly outlookLast weeks high: $28895.5
Last weeks low: $27735.9
Midpoint: $26576.2
A week of sideways action following the previous weeks strong rally. BTC has currently topped out at a local high of $28895, the volatility of the FOMC event in the middle of the week gave us a sharp decline before a retest of that weekly high in which it was rejected.
With the estimated 0.25% rate hike being confirmed the market had this result priced in, but as always with the FED announcements like FOMC & CPI comes volatility no matter the resulting news.
Note the importance of the 1H 200EMA purple moving average as support, on 3 separate occasions it provided the best possible entries for longs last week. It will be interesting to see if this pattern continues throughout this week.
For me, the floor is at last weeks low, if Bitcoin falls under that area and confirms it as resistance that'll mean we've lost the 1H 200EMA as well and the outlook would be bearish in my opinion. After all this is still just a bear market rally until proven otherwise.
BTC short term (1h candle)We recently broke down from our small ascending triangle (blue lines) and hit the target shortoy after perfectly! (White dotted lines and yellow horizontal)
We then quickly bounced upward to retest the bottom of the triangle, which looked like rejection!
Currently looking at other possible plays. Mainly a upward parallel channel (green lines). As you can see we are reacting nicely to the centre line nicely using it as both support and resistance.
Will keep you updated
GBPJPY Technical Analysis 23.03.2023 1h chart– Previous Daily candle close Bearish at 161.100 back in the range forming new Daily Resistance at 161.800.
– Buys on close above 161.360 targeting Daily Resistance at 161.810, Leaving Runners to the 1h Resistance at 162.310.
– Sells on close below 160.800 targeting 1h Support at 160.290, Leaving Runners to the 4h Support at 159.850.
– High Impact News ahead for the Pound Sterling 1h before New York session opens as follow : MPC Official Bank Rate Votes, Monetary Policy Summary and the Official Bank Rate
– What is Bank Rate :
– The Bank Rate for the Bank of England, also known as the base rate or interest rate, is the rate at which the Bank of England lends money to commercial banks. When the Bank Rate is high, it becomes more expensive for commercial banks to borrow money from the Bank of England. This, in turn, can cause commercial banks to increase the interest rates they charge their customers for loans and mortgages. On the other hand, when the Bank Rate is low, it becomes cheaper for commercial banks to borrow money from the Bank of England, which can lead to lower interest rates for loans and mortgages.
– The Bank of England’s Monetary Policy Committee (MPC) sets the Bank Rate based on their assessment of economic conditions and their mandate to achieve the government’s inflation target. By adjusting the Bank Rate, the MPC can influence the level of economic activity, inflation, and employment in the UK economy. A lower Bank Rate can encourage borrowing and spending, which can boost economic activity and employment, but may also lead to higher inflation. Conversely, a higher Bank Rate can help to curb inflation, but may also dampen economic activity and employment.
AUD/USD 1H Technical.Recently there was a bearish CHoCH made on the 1H time-frame for AUD/USD. We might see double sided trade opportunities potentially.
Reason for potential long entry; We see that the price recently was consolidating the past days, we might see a jump from the Order block that the price is right now and filling the FVG recently made, retest the S/R area and continuing the consolidation trend by moving up.
Reason for potential short entry. The price broke the recent Support level at 0.66550, me might see the continuation of the bearish trend because it was recently discovered a "Change of Character" . It might potentially move lower after retesting the 0.66550 Resistance level (previous support). By any means, moving the price below the Anchored VWAP line and strengthening of the US Dollar, we might be looking for shorts.
REMINDER; Always make your own analysis and before taking any kind of trades, make sure you have a solid confirmation about the move that your willing to take.
FUNDAMENTAL REMINDER; Watch out for the interest rate decision on 22/03/2023. It will have a really important impact on the US Dollar.
Looking forward for your comments on this idea.
20/03/23 Weekly outlookLast weeks high: $28435.9
Last weeks low: $25136.9
Midpoint: $21837.8
Huge rally for BTC last week! pushed past a key level of 25.5k, a level we have been under since 14th June of '22.
We are now working in the 25.5k - 32.5k range and it's important to secure price above the previous high. acceptance in this range should see us work towards the mid range at 29.2k before 32.5k.
It's hard to know what the near future holds because of the macro banking financial worries. However, it's important that crypto performs well when legacy banking doesn't, that's the whole point of the technology originally.
OCEAN LONG (15min) Trend = Cup + HandleVIsual ENTRY / SL / Top TP provided on chart
numbers of $$$ check on the RIGHT SIDE of the graph