I am betting big bucks on this hahaafter creating a manipulation and breaking a previous ''Higher Low'' I believe EU is still very much in a bearish trend because, as we can see, there is a lot below to attract the price to the downside. That being Imbalance and Liquidity in accordance with the trend.
Economic Cycles
nas100 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• PWH & PWL: Previous Week High and Low, indicating recent market highs and lows.
• PDH & PDL: Previous Day High and Low, indicating recent market highs and lows
• Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance.
• BSL: Buy-side Liquidity, areas where buy orders are placed.
• SSL: Sell-side Liquidity, areas where buy orders are placed.
Long trade
Buy-Side Trade
21st July 24
Entry: 69,660.7
Profit Level: 69,660.7
Stop Level: 67,734.3
Risk-Reward Ratio (RR): 4.7
Time Frame: 15 minutes (TF)
Entry Time: 7:00 PM
Outlook According to Todayq News
Jul 20, 2024, 08:59 GMT+1
News Driver
Bitcoin (BTC) has hit its highest price in a month, backed by strong trading volumes for BlackRock’s spot Bitcoin ETF (IBIT).
This price movement coincided with a major IT outage caused by a software update from cybersecurity provider CrowdStrike, leading to widespread disruptions for airlines, banks, and businesses globally. This incident highlighted the resilience of decentralized systems like public blockchains compared to centralized networks.
Despite these gains, Bitcoin remains within a multi-month trading range between $56,000 and $73,000, supported by strong institutional demand for December $100,000 Bitcoin call options.
More importantly, Mads Eberhardt, a crypto analyst at Steno Research, expressed a bullish outlook for crypto assets for the second half of the year. Eberhardt, cited several tailwinds, including potential U.S. interest rate cuts, increased liquidity, regulatory clarity in Europe, and the possibility of more crypto-friendly U.S. leadership.
XRP retracementHi,
This is my first time sharing here, please be kind. This an assumption of the next move for XRP, short/mid-term imo.
Long-term XPR is bright ;)
Still learning, if you have any thoughts on what I could consider to improve my TA feel free to share in the comments.
Blessings to all and happy trading!
OPUSDT - Altcoin with GOOD UPSIDE Potential (Wyckoff)Using the Wyckoff Method has always been my go-to strategy when looking for buy's. The theory behind it is that basically the market goes up, down, sideways, and up again etc. You can dive into more detail by taking a look at volume and trendlines, but for today's analysis we'll keep it simple and focus on the good upside potential for OP.
The above clearly shows an excellent Elliot Wave Theory playout - 5 impulse waves up and the following three corrective waves - indicating the bottom is close.
The above is classic Wyckoff Method Theory together with the emotions at each phase. OP, according to the above, is very close to bottoming out - in other words, a great place for accumulation. During the previous phase, the price increased over 400% over the course of a few months. If you have the patience, it can be a great increase.
__________________________
BINANCE:OPUSDT
Long trade
18:00 PM
18th July 2024
Buy-Side Trade Details:
Risk-Reward Ratio (RR): 4.87
Entry: 1.10976
Profit Level: 1.11551 (0.52%)
Stop Level: 1.10858 (0.11%)
News driver:
Highlighted (Yellow Flag)
Australian Dollar Gets Limited Lift from Mixed Jobs Report:
July 18 - The Australian dollar was left directionless on Thursday after a jobs report provided mixed data, failing to clarify the outlook for a rate hike.
Signs of strength for AMDAMD has been a laggard in the semiconductor space. However, since the bear market low it's been in a clear bull trend despite being outshined by NVDA.
It's discernible that AMD may have some cyclicality in its price action.
For the first 256 trading days from the 2022 low AMD found a high on day 161 and went into a bear trend until day 256. We are currently on day 164 since that last low. Originally I believed we topped early and would form a new low around day 256 like the last period.
AMD not rolling over back to 140 forming a base is a sign of strength. Who doesn't love a good catch up trade.
Aug 16 180C.
Invalidation is if we drop below 160.
Advanced Auto Parts | AAP | Long at $64Advanced Auto Parts NYSE:AAP has gone through an exquisite shakeout of shareholders. Currently trading near $64, the stock is currently testing my "stock crash" simple moving average (seen green SMA lines). From a technical analysist standpoint, it's in a personal buy zone. This stock has tested this simple moving average level a few times in the past and recovered very well. Will history repeat?
Target #1 = $88.00
Target #2 = $110.00
HLI | A Low Key High Flyer | LONGHoulihan Lokey, Inc. engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering. The Financial Restructuring segment provides advice to debtors, creditors, and parties-in-interest in connection with recapitalization or deleveraging transactions. The Financial Valuation and Advisory Services segment provides valuation of various assets including companies, illiquid debt and equity securities and intellectual property. The company was founded in 1972 and is headquartered in Los Angeles, CA.