Get started

Daily Charts

16.5K?Morning folks, Overall situation on financial markets is far from positive. UK Bond market has collapsed and nobody knows what end will it have. J. Yellen speaks on liquidity shorts on Treasury Bills market. PPI was two times greater than expected yesterday. With such environment, whatever CPI we will get today, hardly it will reverse BTC market up. Thus, we do not consider long position now. Since market has failed to break consolidation up - most logical way is to attempt to break it down. If it will be successful, BTC could reach 16.5K level. We do not see any bearish continuation patterns inside the range. So you could wait for them, or use Stop "Sell" entry order near the low border of consolidation. If you want to sell of course.
COINBASE:BTCUSD
by Sive-Morten
3
NZDJPY Headed Upward +250 Pip PotentialWelcome back! Let me know your thoughts in the comments! **NZDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
11
EURCHF Local buy opportunity! Step by step breakdownWelcome back! Let me know your thoughts in the comments! **EURCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
18
19.70-19.75 looks nice for shortMorning folks, Recent NFP data and following hawkish comments from Fed members give small chances to stock and BTC markets to show any kind of upside performance. Fed last week finally seriously started QT and cut the balance for $200 Bln, drying more liquidity out of the market. This week we also expect the bumpy ride with CPI, Fed minutes and retail sales releases. Thus, in current circumstances, as BTC has failed to complete even minor upside target last week, we suggest that 1H chart 19.70-19.75 resistance might be considered for short entry with potential downside continuation back to daily lows. If, of course, this upside bounce happens at all...
COINBASE:BTCUSD
by Sive-Morten
2
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,386, if the support breaks down, the next support is $ 19,226 and $ 19,090. Now let's move from the resistance line, as you can see, the first resistance is $ 19,496, if you can break it, the next resistance will be $ 19,601, $ 19,678 and $ 19,763. Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used, and the MACD indicator indicates a local downward trend.
by cryptodailyuk
6
20.6-21K seems OK for shortMorning folks, Fed has opened liquidity box, trying to calm down markets, households before US elections, and making the image that everything is becoming well, situation is normalizing, markets start rising. This is short-term performance for just 3-4 weeks, until elections take place. Then, everything should collapse. Anyway, within these weeks, BTC could climb slightly higher, following other markets, although BTC lags solidly behind stock market performance by far. In very short-term (tod-tom) we consider 20.6-21K resistance area as interesting for taking short position. we could get "222" Sell precisely at the trendline resistance. Besides, we have multiple targets on intraday chart in this area. Thus, downside bounce, especially if NFP will be more or less positive, is possible.
COINBASE:BTCUSD
by Sive-Morten
1
betting on rip sellits fantastic that major indices are still managing to find areas of support on the way down. this to me is indicating when we do finally recover it will happen in a reliable manner. its also telling me that these areas are not max pain. to find a bottom permenantly id like to see bullishly diverged oversold levels in high volume. right now signal is still red, and trama sss ma are resistive near top of envelope. these indicators would need to show green candles before spx is a buy again.
SP:SPXShort
by cerealpatterns
has gold made bottom at 1614 or 1533 is coming ?gold price made top at 2070 since than it is making lower low with lower high first it makes support than breaks than retest for current gold rally it has no virgin support to retest after being broken and we have white descending trend line which is our dynamic resistance but i have 1711 and 1734 as static resistance so either price reverse from above level or 1614 was bottom for gold price and fed will pivot in Q4 2022 or there is a chance price makes correction to whole trend by going back to 1800 resistance than crash to 1450 the cororna virus market bottom but at current price 1711 gold price is too confusion , it need breakout for next clear direction
OANDA:XAUUSD
by Sangam-Agarwal
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS#USDCAD USDCAD is going up quite a bit right now. The reason is that the OIL is slightly DOWN. Also, MARKETS RISK has been OFF again. And the US CPI data was very good. So now USD has become very STRONG. US RETAIL SALES DATA was also very POSITIVE. Because of that, yesterday's FOMC MEETING caused a 75bps rate hike. SENTIMENT related to USD became STRONG in recent days. But now with good DEMAND for US YEILD, USD is moving UP. Due to this reason, STOCKS can continue to move DOWN SIDE if the USD goes up like this in the coming days. Right now, the UP SIDE is being BUY very well because the USDCAD MARKET is US DATA and UPDATES POSITIVE. We think it will go up to the 1.4049 level before going down again with the market risk off sentiment. Somehow USDCAD will likely SELL up to 1.3155 LEVEL. We wait until the DOWNSIDE TREND CONTINUES. FOLLOW THE STRUCTURE GIVEN.
by benny_marshall
20.25K looks interesting for entryMorning folks, Markets finally get tactical relief and show pullback across the board - Dollar Index, EUR, GBP etc., everything is bouncing. But what is BTC? It is not. Flat action, any attempt to show the bounce sells off fast. This makes us think on existence of bearish pressure. As a target we consider daily AB-CD with 16.20K destination point. Market has set the new lows on daily chart, so we can't use the butterfly pattern any more as it has been erased. On intraday chart price stands in the range, which is also potentially bearish. Appearing of "222" Sell pattern here, with potential starting point around 20-20.25K looks interesting for consideration of taking short position. At least this pattern gives chance to place very tight stop, so risk will be minimal
COINBASE:BTCUSD
by Sive-Morten
GBPCAD I Structure Trade I Short from Resistance 200 PipsWelcome back! Let me know your thoughts in the comments! **GBPCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
13
NAS100USD to the 10k soon 🦐NASDAQ on the daily chart after the last retracement touched the resistance area at the 0.618 Fibonacci level and moved lower to the previous support. The price looks weak and a lower low to the 10k can be expected. How can i approach this scenario? I will wait for a clear break of the 11k zone and in that case i will be looking for a nice short according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USDShort
by InkyGrip
EURCAD Potential Long Breakout then Short from ResistanceWelcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
1