BTC: WEEKEND PUMP? NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update i clearly told you that BTC is not break above $18.2k level and we might see a rejection from there and exactly the same happened.
So what's next?
As of now, BTC holding the green support area ($16.5k-$16.8k) and we might see a bearish retest from here. According to the chart, BTC should bounce from here up to $17.2k-$17.3k level and after that again starts dumping.
So as of now I'm expecting a relief bounce in shorter time frame. In HTF, BTC still looks bad. Until and unless we did not get a weekly close above $18.5k thing not going good for us.
Let's see how things goes in the next few hours.
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Bounce
semiconductors daily bounce or continued downsidewe are at the low end of top anchored vwap. if we get over this pivot and support meaningfully we could see a test of sss moving average or signal around upper horizontal and gap close. if we remain beneath and resist with sss signal and qqe staying red id look for that lower horizontal.
ETH: MUST BOUNCE FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is breaking out from the falling wedge-like structure in 4hr time frame and currently, looks like a retest. We have a good support range here. ETH should bounce from here.
If it breaks down the support (4hr close below $1150) then this pattern becomes invalidated and we might revisit the lower trendline of the wedge ($1080) but IMO it should bounce from here.
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Solana equalizer - cryptos to bounce? Lots of Indifference on the charts.”equalizer” on the daily. Last candle on the daily shows possibility of a bounce. Waiting on more confirmation and RSI move above 30 and oscillator to turn green. Will enter on lower timeframe
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EUR/USD likely to move UP!Hey tradomaniacs,
technically a great chance to go long in EUR/USD after thgis aweful volatile day.
Good support and likely to hold due to falling yields (Non-Sense-Correltation) aswell as absoprtion at the support-zone in market-depth.
Gonan take a long with aggr. management as volatility is very risky today.
What do you think?
Bullish after SoS and RetestSPY has been accumulating at the expected bottom of a larger degree wave 4. This trajectory is a near term most likely path. Initial target low 400s, followed by one more pullback running to target range - upper range 419 by late November or early December
Mid term target by mid 2023 is a completion of larger degree wave 5 in the mid 500s.
We have a discount after yesterdays... thing
(SoS in the title means sign of strength)
** Buy once it breaks above 373.93 **
Financial recover soon?XLF which is an index of Financial Sector is currently retesting the top of 2007 (before Subprimes crisis) and the top of 2019 (before the Covid19 crisis).
Remember, a resistance often flip into a support when broken.
This may a very nice opportunity with a correct Risk/Reward ratio to play a bounce here.
Thanks for following us !
nasdaquri, anyone? its lime flavored.technicals have proven heavy selling is leading to countertrend movement. were getting lots of rate of change bullish signals daily indicating a trip toward supertrend, but longs really want to position themselves with momo in the index. daily highs breaking and holding .5 of the bounce would be good signs.
EURJPY I GAME time! Long from SupportWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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2CRZ coiling up A possible new move could be near. 2CRZ bounces between support and resistance zones for time being. 200SMA on 1hr near the resistance zone. Break above this zone and 200sma have an excellent chance to trigger the next move up. Bellow our support zone we have one more significant level at 0.00282-0.00283 that has held strong 2 tests in the last week. I'm planning to enter at that level also if 2CRZ does another retest of it.
GBPJPY I Risky short from resistance zone 80-100 PipsWelcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC: EXPECTING SOME GREENERY TILL THE NEXT FOMC IN NOVEMBER!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is still holding above the $19k level as you see in the chart, BTC is holding the purple line support very well so far. So I'm expecting some green days from here. We might see a good and slow pump up to $20k-$21k from here.
There is not any Fed event in the next few days. The next FOMC meeting will be held on the 2nd of November so till then we might see a good relief rally in BTC and Alts as well.
What do you think about this?
Do you also think that we see some good bounce in the next few days in the market or do you think that we going for a new low from here?
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GBPJPY Retest the resistance area +250 pipsWelcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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ENPH: Pull Back + Bounce + Active Level RetestBig Picture:
Earnings coming up 10/25/22. Had good Earnings last time. Coming back into aggressive buying from July and last earrings period. (Will the buyers want to fight for the price a little bit now before earnings?)
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Setups:
07/20/22 - 07/27/22: ENPH broke out out from a volume accumulation + Aggressive Buying
08/02/22 - 09/06/22 Volume Accumulation
09/15/22 - 09/21/22 Volume Accumulation
09/22/22 Aggressive Selling
09/26/22 - 10/04/22 Volume Accumulation
10/05/22 - 10/07/22: Aggressive Selling
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Intraday Technical:
ATR: 16.13
ATR (200Day): 14.42
DTR: 16.95
%: 105.00%
RVOL: 0.82
Rel Vol (Finviz): 0.75
RSI (14 Day): 30.64
RSI (200 Day): 52.51
Volume: 2,884,739
AvgV: 3.83M
Ch% (FINVIZ): -4.35%
FS%: 3.31%
Shs Outstanding: 135.20M
Shs Float: 132.68M
Inst Own: 75.10%
2 Day VWAP: 244.6
Weekly VWAP: 250.33
Monthly VWAP: 263.01
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10/13/22
Open: 248.73
HOD: 254.21
LOD: 237.26
Close: 244.59
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Key Areas of Support:
216.82
230.14
245.49
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Key areas of Resistance:
257.08
283.43
295.02
315.29
Inflection Point:
245.35
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Trade Plan:
Look for a pull back to 237.64
If pulls back to 237.64 and see absorption then start long.
If blow through VWAP then Cover and look to add back in a pull back. If add in pull back this is a new trade and make sure to cover this new add at the next neck line.
If hits PT 2 then look for a pull back with absorption and add. Then sell this Add right into the above neckline.
Take original trade to PT 3 and sell
Risk/Reward: 20% of ATR $2.88
Entry: $237.64
Stop $234.76
Exit: $249.18
PT 1: $240.52
PT 2: $243.41
PT 3: $246.29
PT: 4 $249.18
vix should rebound, but continue fallingthe hourly is looking oversold, so id imagine we have some rebound in vix, but the overall daily trend is threatening to confirm return to bear vix while broader market bounces. if we get spx, ndx making new lows of day simultaneously with multiple sectors like xlf, soxx in the red a return to bull vix could happen (highlighted areas where nadaraya watson envelope turns up). solid horizontals are targets, dashed line is pivot.
TTM: BIG SUPPORT on watchTTM (Tata Motors), Indian conglomerate.
TTM in a clear downtrend. However, reversal or attempt for reversal has to start somewhere.
Some positives signs:
TTM is now sitting on a huge support which is the upper line of the downtrend channel and a historical horizontal line at $24.27.
The downtrend channel was broken, which is a positive sign for the bulls, now we are retesting the top of the channel.
RSI daily is oversold.
For Ichimoku aficionados the lagging span also bounced on the horizontal support, so far confirming the bounce. And the price is sitting on the top of the cloud on the monthly chart.
Will the support hold? No one knows. But the risk vs reward is quiet good here for a long trade with a stop at $24 for minimum loss in case it goes against you.
I'm long for a swing trade.
Text major support is around $23.44.
Trade safe.