Live Trading Session 263: Open trade on BTC,Gold and moreIn this live trading session video,we look at our open positions on Bitcoin,Gold,potential trades coming up on the other instruments and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
Economic Cycles
SOLUSD Next Move ~$200+ After reaching the $185 mark, Solanium headed for a correction.
Within the channel there was a decline to the lower boundary
The 4th wave basically always comes in the range of the 4th wave of a smaller degree
The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range
According to the wave theory, all the necessary conditions for correction have been met and Solanium is most likely moving within the 5th wave to the $200+ mark
BTCUSD Next Move ~$75kAfter reaching the $68k mark, Bitcoin headed for a correction.
Within the channel there was a decline to the lower boundary
The 4th wave basically always comes in the range of the 4th wave of a smaller degree
The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range
According to the wave theory, all the necessary conditions for correction have been met and Bitcoin is most likely moving within the 5th wave to the $75k mark
Breakout To The Upside Likely On The DollarWith the dollar positioned to break higher, EurUsd & UsdZar are poised to trade lower and higher respectively ahead of the weekly close. EU reversed from premium daily prices and has now established a trend lower while UZ reached premium and continues to trade higher. How price develops over Asian session will be telling so dive into today's analysis to gain an edge on Friday's price distributions.
BEARISH ON EURUSDWhile everybody was so sure that EU had reversed and was going to continue its bullish momentum. I saw wear it was going.... Keep in mind that these markets are an algorithm and at the end of the day the market moves up and down to kill liquidity and fill imbalances. The ONLY two things that will move price faster or to an unexpected price is news and Volume/Whales/Banks. Price will still go where it needs to.
Where they buy, I sell and where they sell, I buy.
Ill be closing 75% of my position where you see on the chart and the rest of the 25% I will let ride for 100 pips total.
Why ALTSEASON 2.0 is HEREIf you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up.
By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see why.
Even though multi-month corrections can be demotivating, patience rewards the faithful!
Check out yesterday's analysis on Altcoins that are strong right now despite the recent dip:
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CRYPTOCAP:TOTAL3
Q2 and 100k TC Performance ReviewIn this live trading session video,we look at our Q2 performance on our live trading room strategies as well as our 100k Traders Challenge(TC) Account performance. We then look at the improvements we have introduced and the key actions points going forward. The concepts and ideas in this video can be cross transferred onto any strategy.
Identifying cyclical opportunities in $HOOD for optionsNASDAQ:HOOD has been in a bull trend since June of 2022, and its price action has also been decently straight forward.
Notes about NASDAQ:HOOD 's price action -
1. Hood's cycle lengths from low to low, in this daily chart are not uniform.
2. However the trends in between the swing lows and highs are secular.
3. Hood has been forming base lows instead of V pattern lows.
How I'm trading $HOOD.
- Since the trend is bullish it is best to stick with call options looking for confirmation of a cycle low to get long.
- When NASDAQ:HOOD starts to form a base after a cyclical downtrend look for momentum to enter
- Once identifying a swing high, exit calls and allow the next secular downtrend to play out
- Each cycle consider if the macro tend for NASDAQ:HOOD is still bullish
- Own NASDAQ:HOOD shares
** The timing band on this chart is a general area based off of previous cycles I'm expecting a base low and will be looking to get long.
ETHBTC📊Analysis by AhmadArz:
this analysis for jumping ETH to BTC in low support ... just wait for give zone .🚀
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Ethereum Price Forecast📊In the W1 , we had the same movements that caused the price to stop in those levels , and according to the past chart, we can expect a stop at the 3300$ and 4470$ levels in the next price movements, which will lead to a deep correction.
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CAKE : buy in low Analysisfor CAKE/USDT
Author: ahmadarz
In this analysis, we are reviewing the CAKE/USDT pair. According to the provided chart, the price is at the lower support area of the trading range, and the entry point is specified.
Key Points:
- Entry Point: 1.943
- Target Prices (TP):
- TP-1: 1.966
- TP-2: 1.989
- TP-3: 2.014
- TP-4: 2.042
- TP-5: 2.087
- Stop Loss (SL): 1.917
- Explanation: The best position to enter a buy trade is in this support area. Target prices are specified sequentially, and the stop loss is determined in case the support area is breached.
Caption:
🔍 Analysis of CAKE/USDT: The price is in the lower support area of the trading range. The entry point is set at 1.943, and target prices are specified. 📈
Warning: This trading signal is based solely on technical analysis, and the trader is responsible for any decisions made.