MSFT is good for correlation trading todayCorrelation trading strategy idea analysis.
The market is falling today, and we can notice freshly formed resistance levels.
There will be many opportunities for correlation trading if the market goes up.
Microsoft has a very big weight in the S&P 500, so this stock is good for correlation trading.
Look on the $SPY and $MSFT charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $MSFT simultaneously break their resistance levels, It will be possible to buy $MSFT.
When $SPY and $MSFT simultaneously break their support levels, It will be possible to short $MSFT.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Correlation
BTC.Dominance and BTC / USDT (Binance) , possible correlationsBTC.Dominance and BTC / USDT (Binance)
the current state of correlation between Bitcoin and its dominance chart is very tense and I expect a significant market movement soon.
I will start with the BTC.Dominance chart, where I follow the pattern (bullish pennant), from which we expect the impulse to move upwards. In practice, this could mean a shot towards an important resistance zone (red). The dominance is almost in the apex of the triangle, but the very bullish signal that I follow in this chart is a combination of BK 77 and 231 at 4H, which make strong support dominance. Also in a few hours there will be a bullish cross (77 through 231), which can also support the bullish sentiment graph.
In the event of a UP breakthrough, this movement could be accompanied by a downtreat on the BTC and a strong rejection on the altcoins / shitcoins. It will be very important to monitor the response to this resistance, as a longer and more extensive correction structure is expected in case of breakage and confirmation of support alts.
Otherwise, the BK combination will not hold, the BTC could continue sideways / slightly UP, and the alts will experience additional pumps, but may take a relatively longer time. The closest support is quite low from the current value, so we can experience another mini-bullrun on alto.
4h BTC.D:
But what does this mean for BTC?
In the triangle dominance may still experience less UP movement, which could help the BTC to arrive at a bearish AB = CD pattern with a PRZ of around $ 9195 where rejection and downward reflection may occur. I do not rule out a variant (and it would be logical to see the completion of this impulse movement up) that the BTC will go for resistance and another fibo value of AB = CD with a PRZ between 9350 $ -9380 $. There should already be a reaction and rejection of the BTC, which could cause a shot of dominance into targets and flushing altcoins.
4h BTC Chart:
$AAPL is good for correlation trading nowCorrelation trading strategy idea analysis.
In my previous ideas, I showed my vision of correlating moves.
Apple has a very big weight in the S&P 500, so this stock is good for correlation trading.
Look on the $SPY and $AAPL charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When SPY and $AAPL simultaneously break their resistance levels, It will be possible to buy $AAPL.
When SPY and $AAPL simultaneously break their support levels, It will be possible to short $AAPL.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$FB has a good correlation for trading itCorrelation trading strategy idea analysis.
In my previous posts, I showed some good situations for correlating trading.
Today I will show you one more stock suitable for this strategy.
Facebook has a huge weight in S&P500, so the correlation predetermined to be notable.
Look at the $SPY and $FB charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Due to possible market trend U-turn, there are a lot of freshly formed support&resistance levels.
So, there are many opportunities to catch the strongly correlated move.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $FB simultaneously break their resistance levels, It will be possible to buy $FB.
When $SPY and $FB simultaneously break their support levels, It will be possible to short $FB.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
DXY long, UPDATE, EXPLAINED, Market behavior, CorrelationHello Traders !
What is the DXY?
It is an index of the value of the United States dollar relative to a basket of foreign currencies. The Index goes up when the U.S. dollar gains strength (value) compared to other currencies.
Why do we need to analyze it?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD . Usually when the DXY goes up, the mentioned pairs will go down.
Chart Analysis:
Actually we see a very nice Up Trend Trend Channel and we could see that the price reversed from the daily resistance. I also marked on the Charts my Supply and Demand Zones. The h4 Demand was not confirmed and the price shot through. Now we are at the daily Demand where I expect the price to go up like marked on the charts.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
The market is goinig UP, MSFT follows himCorrelation trading strategy idea analysis.
The market showed the first growth preconditions.
It means there will be many opportunities for correlation trading due to a lot of freshly formed support&resistance levels.
Microsoft has a very big weight in the S&P 500, so this stock is good for correlation trading.
Look on the $SPY and $MSFT charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When SPY and $MSFT simultaneously break their resistance levels, It will be possible to buy $MSFT.
When SPY and $MSFT simultaneously break their support levels, It will be possible to short $MSFT.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
DXY long, EXPLAINED, Market behavior, CorrelationHello Traders !
What is the DXY?
It is an index of the value of the United States dollar relative to a basket of foreign currencies. The Index goes up when the U.S. dollar gains strength (value) compared to other currencies.
Why do we need to analyze it?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD, EURUSD, AUDUSD, GBPUSD. Usually when the DXY goes up, the mentioned pairs will go down.
Chart Analysis:
Actually we see a very nice Up Trend Trend Channel and we could see that the price reversed from the daily resistance. I also marked on the Charts my Supply and Demand Zones. Now the price dropped and formed a new Demand Zone. After such a huge drop we can expect at least a correction. Also very nice is that we have there a h4 Demand Zone. From here I expect the price to go up. My current Target would be the Supply Zone marked on the Charts.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
Is is trend reversal? Yes or not, $AAPL will correlateCorrelation trading strategy idea analysis
I suppose nobody can exactly say when the bearish market will end.
But some trading strategies work independently to trend direction.
One of these strategies is the correlation intraday strategy.
I explained my vision of correlating intraday trading in previous ideas.
Also, I showed the correlated moves on $APPL and suggested this stock for trading.
Today I am going to show you how actual support&resistance levels on $APPL and $SPY charts.
Look on these charts.
The corresponding levels look so much alike.
Due to the correlation trading strategy, it is reasonable to wait for correlated lever breaking.
When $SPY and $AAPL simultaneously break their resistance levels, It will be possible to buy $AAPL.
When $SPY and $AAPL simultaneously break their support levels, It will be possible to short $AAPL.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Jack Teach you how to trade XAUGBP by looking at XAUJPY Gold Reversed against GBP and JPY
We can observe that the XAUJPY dropped faster than XAUGBP,
therefore we can consider to sell XAUGBP
by using XAUJPY as our "indicator"
XAUJPY already falls to Point A
so we can expect the XAUGBP will fal to Point
A' as well.
$OGE can continue to be falling todayCorrelation trading strategy idea analysis.
Yesterday I showed you the possibility to make a short trade of OGE Energy Corp after bad earnings.
Today I want to show you the possibility to make one of more intraday correlation shorts of this stock.
In my previous ideas, I showed my vision of correlating moves.
There are a lot of companies, which reflects the overall market condition and are good for correlation intraday trading.
But after the good news, some companies more tend to go up with the market than do down.
After the bad news, like in the case with $OGE, companies tend to go down with the market than go up.
Look on the $SPY and $OGE charts.
Yesterday $OGE was going down while $SPY was going down.
While $SPY was going up, $OGE was in the flat.
Following the correlation trading strategy, it is reasonable to wait for correlated support level breaking.
When $SPY and $OGE simultaneously break their support levels, It will be possible to short $OGE.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
BTC correlation with nasdaq during economical turmoilThere are periods where the NASDAQ movements align with bitcoin movement. Usually during economical turmoil.
Currently with the corona influence on the traditional markets the alignment has risen to 75% correlation!
In my opinion during times like these we have to take the classic economy into account with our TA!
Correlation trading of cheap stockCorrelation trading strategy idea analysis.
Today I showed you possible correlation trading of $MU.
This was an example of not expensive stock.
In this idea, I will go even further and show you possible correlation trading on the example of $GE.
$GE is a cheap stock, so it is good for correlation trading with a small deposit.
Look at the $SPY and $GE charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
I said in the previous idea that now it is a good time for intraday shorts.
So, it is desirable to watch on support levels with particular attention.
But in one moment the trend can make U-turn.
In that case, a lot of short positions will be clothed.
SPY will return to growth.
So, it is desirable to mark important resistance levels and be ready for this scenario.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When $SPY and $GE simultaneously break their resistance levels, It will be possible to buy $GE.
When $SPY and $GE simultaneously break their support levels, It will be possible to short $GE.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Correlation trading of not expensive stockCorrelation trading strategy idea analysis
In my previous ideas, I showed my vision of correlating moves.
Large capitalized stocks like FB, APPL or MSFT have a good correlation with SPY due to big weight in the index.
But less expensive companies like MU also are good for correlation trading.
Look on the SPY and MU charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
It is an especially good time for correlation trading.
Many big players will close their positions due to a correction move.
So, I suppose, it is time for intraday shorts.
Watch on support levels with particular attention.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When SPY and MU simultaneously break their resistance levels, It will be possible to buy MU.
When SPY and MU simultaneously break their support levels, It will be possible to short MU.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
One more correlationCorrelation trading strategy idea analysis
Have you seen my previous analysis? If yes, you were able to catch great short trading AAPL.
Now I will show you another share, for correlation trading strategy.
Look on the SPY and MSFT charts.
Actual corresponding support&resistance levels look so much alike.
I even should not paint correlated moves, they are obvious and notable.
Look at the last correlated correction move on the market. This period of correlation between SPY and MSFT is too good to be missed.
Due to the correlation trading strategy, it is reasonable to wait for correlated lever breaking.
When SPY and MSFT simultaneously break their resistance levels, It will be possible to buy MSFT.
When SPY and MSFT simultaneously break their support levels, It will be possible to short MSFT.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Review about correlationCorrelation trading strategy idea analysis
I mentioned my vision about correlated moves two days ago. Also, yesterday I made a correlation analysis of SPY and APPL moves.
Today I am going to show you how actual support&resistance levels on both charts. The corresponding levels look so much alike.
Also, take your attention to some correlated moves with blue arrows.
You can see a strong correlation between SPY and APPL.
Especially yesterday it was one of the best situations for correlation trading: look on SPY downgrade move!
Due to the correlation trading strategy, it is reasonable to wait for correlated lever breaking.
When SPY and AAPL simultaneously break their resistance levels, It will be possible to buy AAPL.
When SPY and AAPL simultaneously break their support levels, It will be possible to short AAPL.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Sprint Strategy Leveling 0.1 Testing TW (this is a test message-idea)
(upcoming ideas will be more sophisticated)
Sprint_Strategy idea.
SPY is near its historical highs. But still, we can detect levels for our Sprint_Strategy trading.
To use this, you need to find companies from the index with a good correlation between its chart and SPY chart.
And to know the Sprint_Strategy.
When SPY will break its resistance&support levels, the correlated stock will follow.
About Sprint_Strategy: fondexx.com
More information: fondexx.com
Education: fondexx.com
How to get into our trading chat: fondexx.com
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
DXY short (Supply Demand, Correlation EXPLAINED)Hello Traders !
DXY is right now at a daily Demand Zone . I expect the price to go up.
Use the DXY as a confirmation for your trades. Like we all know. The DXY is correlated with the EURUSD , XAUUSD and AUDUSD for example.
It shows you the currently strength of Dollar. Therefore you can better determine the direction on the other pairs.
Let me now in the comment section below your view on DXY and what you think about my Analysis.
Please leave a Like
Thank you and we will see next time
- Darius.
Semiconductors & Hashing-Rate Correlation StudyThere are long periods of positive correlation between average bitcoin hashingrate in gigahashes/second and performance of major semiconductor ETFs like SOXX and SMH
As hashing and computing power in general shows massive increases in demand there are only a few companies that have the materials and knowledge to produce 'rocks that think' aka processors and other computing components made of earth metals and silicone.
When I see big printing bars in hashing power but 'divergence' in correlation I may consider adding to semiconductor positions via options on semiconductor ETFs and computing component companies like INTC, AMD, NVDA, and the like as it means someone went out and made a huge investment in processing power in order to make a 'blip' on the hashing map but the ETFs are reflecting a downside move. This divergence between correlation of hashing rate and semiconductors displays a market inefficiency in the expectation for demand of semiconductors and actual demand for semiconductors. This divergence is an opportunity for us to capture in my estimation.
I hope this makes sense and helps your own analysis
Good luck have fun
Much Love
xoxo
snoop
XRP to follow DASH for major move - breaking 2 year trendlineI used an overlay of Dash's price movement on top of the XRP/USDT price chart.
As you can see, both have been moving pretty much in sync, with XRP lagging from time to time.
XRP/USDT is against these major resistance points
- Range low resistance (of the wyckoff I posted earlier)
- 2 year long trendline resistance
- Daily 100 MA
- Weekly 21 EMA
It seems that if we can break this area, all major resistances will be breaking at once.
XRP/USDT appears to have made a wyckoff accumulation schematic (see one of my earlier ideas here: )
and is now trying to reclaim the previous range. If this reclaims we it means that the accumulation is confirmed and this would be the biggest accumulation period that crypto has seen thus far. Long accumulation means diminishing supply and major price moves.
XRP needs to break 0.25cents and close above it in order to reclaim the range, if it succeeds in doing so, I believe we can expect a major price rally.
Technical analysis
XRP has been really choppy lately and producing unclear price action, zooming out helps clear the noise in t he chart.
Seeing the wyckoff accumulation post I posted earlier it is likely that we reclaim the range and break the downtrendline/falling wedge below
Monthly currently forming bullish engulfing on support
Weekly closed as a higher high
XRP/BTC first higher low on the weekly chart possibly forming a double bottom
Weekly MACD crossing bullish
BTC dominance made a head & shoulders pattern and retested it bearish. Looks like there is alot of room for BTC dominance to decrease here
all in all XRP has been lagging in price with most majors but looks ready for some major movement if we manage to break here.
Bitcoin Bull Runs, This is How they're Sparked!In this short video analysis, we highlight the correlation between traditional asset Risk-On cycles and their impact on Bitcoin.
Every historical $BTCUSD bull run's start has coincided with a SPY significant Fibonacci level breach and retest.
This past month the SPY has breached the long term 2.618 fib level and is seemingly headed towards the 3.618, with no significant retest as of yet.
What will Bitcoin do?
Will we get an SPY retest?
Is the correlation over?
These are the top 3 questions that only the market can answer.
Stay tuned!