XRP | ST Long H1 | Chance to RallyPair: XRPUSDT
Timeframe: H1
Direction: Long
Technical Confluences for Trade:
- Stochastic momentum is neutral
- Price action supported by 100MA
- Price bounced off 61.8% Fib levels
Fundamental Confluences for Trade:
- XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the XRP Ledger blockchain
Suggested Trade:
Entry @ Area of Interest 0.6030 - 0.6100
SL @ 0.5856
TP 1 @ 0.6225 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.6405
Risk-to-Reward @ Approx. 1.72 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
EMAS
Kiwi Upbeat after the RBNZ Hold but US CPI LoomsNZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would challenge 0.6217.
RBNZ appears further form a pivot than its US counterpart, but the Fed has turned cautious around lowering rates and the three cuts scenario is being questioned. The RSI points to overbought conditions that can contain the upside and a rejection of the 38.2% Fibo would keep new 2024 lows in play (0.5938).
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Past Performance is not an indicator of future results.
Bitcoin Trends: Identifying Bullish and Bearish Signal.Hello Trading View Community,
From soaring to record highs to suddenly dropping over 10%, Bitcoin (BTC) has been full of surprises. Today, let's dive into this rollercoaster ride, exploring the twists and turns of Bitcoin's recent price movements and what might lie ahead.
Bear Divergence in RSI and Price Action 📉
Our journey starts with a notable bear divergence on BTC's daily chart. Here's the scene: Bitcoin prices reaching for the stars while the RSI, our trusty sidekick, decides it's not quite ready to leave the ground. This divergence signals a potential cooldown or reversal on the horizon, suggesting the latest rally might need to catch its breath.
What Does the Trend Say? 🔄
Rewind to October, when our trend-finding indicator flashed a bright Long signal, setting the stage for the rally that led to January's highs. This beacon was a trader's dream, but like all dreams, a wakeup call—marked by today's shift, as spotted by our dot plotter—suggests a moment of pause or a plot twist in Bitcoin's saga.
Plotting the Dots... 📍
Our dot plotter, straightforward yet insightful, has begun signaling a change in momentum, suggesting the party might be winding down. It's like the DJ switching from high-energy beats to a slow jam, hinting it's time to pay attention to the changing vibes.
EMA's to the Rescue? 🛡️
Zooming into the EMAs, we see Bitcoin comfortably above our 21 EMA (the one in pink), keeping the bullish spirit alive. However, it's a delicate balance; staying above this line could mean this is just another one of Bitcoin's famed quick corrections.
Wrapping It Up... 🎬
Considering the bear divergence in RSI and the signals from our custom indicators, a bit of caution could go a long way. The journey since October has been lucrative for those who followed the Long signals, but the road ahead seems uncertain. The convergence of our analysis suggests it might be time to brace for a potential short-term shift.
For enthusiasts hoping to see Bitcoin's ascent resume, the key is to stay vigilant with the charts in the coming days, with a keen eye on the weekly close. This current dip may very well be one of Bitcoin's classic corrections that prelude a continued upward trajectory. Yet, caution remains the word of the day.
As we navigate this uncertain terrain, the descent of Bitcoin will have us closely monitoring for a close below the 21 EMA, signaling a potential shift in strategy. A new Short signal could then emerge as our beacon, guiding our next moves in this ever-evolving saga of Bitcoin trading.
Thank you for joining me on this analysis. If you've found it helpful or entertaining, a "Like" or "Follow" would be much appreciated.
Trade wisely, and remember, these insights are here to aid your journey, not dictate it. These are just ideas, not trading advise...
Bitcoin's Retracement: Back down to the 50k~60k rangeBitcoin is currently in a retracement move, making many nervous, but there is nothing to worry about. This pullback, while notable, is not unprecedented in BTC's storied history. However, it sets the stage for a potentially massive pump following the upcoming halving event, thanks in part to the burgeoning presence of Exchange-Traded Funds (ETFs) by Blackrock and the like.
The Retracement: A Brief Overview
Bitcoin's latest retracement could see a retracement as low as $51,968 and as high as $59,000, reminding us all about Bitcoin's notorious volatility. Such corrections are not unusual in the lead-up to Bitcoin's halving events—periodic occurrences that halve the reward for mining new blocks, effectively reducing the new supply of Bitcoin by half. Historically, these retracements have been precursors to significant price rallies, as the reduced supply tends to lead to increased demand among investors.
The Halving: A Catalyst for Growth
The next Bitcoin halving is poised to occur on approx 18th of April 2024. In fact, for the first time in Bitcoin's history, has the ATH (All Time High) been broken BEFORE the halving, which suggests a strong preparation for a massive imminent pump. The logic is straightforward: as the reward for mining new bitcoins decreases, the scarcity of the asset increases, which can lead to a rise in price if demand remains constant or increases.
ETFs: The New Players in Town
Adding a new layer of potential to the post-halving landscape are the Exchange-Traded Funds (ETFs) focused on cryptocurrency. ETFs have opened the doors for a broader range of investors to enter the Bitcoin market, offering a regulated and potentially less volatile means of investment. The introduction of Bitcoin ETFs has been met with enthusiasm, as they provide a bridge for traditional investors to gain exposure to Bitcoin without the complexities of direct cryptocurrency ownership.
The presence of ETFs is significant for several reasons. First, they signal a growing acceptance of Bitcoin within the traditional financial ecosystem. Second, they increase the liquidity of Bitcoin, making it easier to buy and sell large amounts without significantly impacting the market price. Finally, and perhaps most importantly, ETFs could attract institutional investors who have been on the sidelines, waiting for a more familiar and regulated entry point into the cryptocurrency market.
Looking Ahead: A Massive Pump on the Horizon?
The combination of the upcoming halving event and the increasing integration of Bitcoin ETFs presents a compelling case for a potential massive pump in Bitcoin's price. While the cryptocurrency market is notoriously difficult to predict, the historical impact of halving events, coupled with the fresh influx of interest and investment via ETFs, suggests that we could be on the cusp of the biggest bullish market Bitcoin has ever seen in its entire history.
EURUSD likely to move from Uncertainty to OpportunityHello Traders,
It's good to be back to posting my analysis after a short break.
Here is my outlook on the EURUSD currency pair.
The directional movement of EURUSD is quite unclear. Recently, we have seen price encountered difficulty in closing above the previously established local maximum at 1.08058 in close proximity to the 800EMA, which serves as a dynamic resistance. Upon revisiting this level, a negative reaction occurred in the form of a pullback.
The current level is well-defined, and the breach of both this level and the 800EMA constitutes a strong signal for active buying. Until such a development occurs, the corrective structure may persist.
This current structure could also be viewed as a 1-2 wave structure within a broader wave . As such, this nested structure holds the potential to evolve into a considerably prolonged upward impulse.
In the prevailing circumstances, a breakout beyond the 1.08060 level would signal buying opportunities. The initial target is the 1.08640 level, acting as the center of gravity, and a successful breakout beyond this level is expected to push the price towards 1.0925 and 1.0986, respectively.
Cheers and Happy trading!
Capitalizing on a Downward Trend: Using this indicatorDescription:
In this comprehensive analysis, I'll walk you through my thought process and strategy for identifying a potentially lucrative short-selling opportunity on the NQ ticker, leveraging the insightful "Custom EMA with Color Fill" indicator by Pablo The Transparent Trader. This indicator has been specifically designed to cater to the needs of swing traders, providing a clear visual representation of market trends and momentum through a color-coded Exponential Moving Average (EMA) and a distinctive color fill between the EMA line and the current price.
The Hypothesis:
My strategy hinges on a simple yet powerful observation: if the current 2-day candle on the NQ ticker closes below the trendline and beneath the EMA—specifically within the red background of the indicator—it signals a strong bearish momentum. This scenario suggests that it may be an opportune time to consider a short position (you could consider using inverse ETFs instead of shorting).
Entry Strategy:
Upon the 2-day candle's closure below the critical levels mentioned, I plan to enter a short position. This decision is backed by the indicator's visualization, where a red EMA line and a red fill between the price and EMA indicate a downward trend, suggesting that the market might continue to move lower.
Risk Management:
To safeguard the trade against unexpected market reversals, I will set my stop loss just above the most recent high. This placement ensures that my trade is protected from significant losses should the market direction change unexpectedly.
Profit Taking:
In terms of profitability, I aim for a 2 to 1 ratio between my risk and reward. This means that for every unit of risk I take, I expect to gain twice as much in return. This risk-to-reward ratio is not only a testament to the strategy's potential profitability but also underscores the importance of disciplined risk management.
Indicator Insights:
- Configurable EMA: The ability to adjust the EMA length allows for flexibility in analyzing different time frames, making this indicator suitable for various trading strategies.
- Visual Trend Indicators: The color-coded EMA line, alongside the color fill, offers immediate insights into the market's direction. A red EMA and fill signify a downtrend, guiding traders towards short-selling opportunities.
- Trend Strength and Entry Points: The distance and the color fill between the price and the EMA provide valuable information on the trend's strength and potential entry points. A wider gap suggests a strong trend, while a narrowing gap could indicate a trend reversal.
In conclusion, the "Custom EMA with Color Fill" indicator is not just a tool for visualizing market trends; it's a comprehensive strategy guide for swing traders looking to capitalize on short-term market movements. By following the outlined strategy, traders can make informed decisions, backed by a clear understanding of market dynamics and a disciplined approach to risk management. Whether you're a seasoned trader or new to the scene, this analysis should provide you with a solid foundation for navigating the NQ ticker's volatile waters.
CHFJPY 1H Possible Double bottom in an up trend channelOn this 1H chart for CHFJPY we can notice that the price has been moving in an up trend channel for a while now. Recently it dropped to test the up trend support. At this stage the price is forming a potential double bottom. Monitor it for a potential breakout.
Additional confluences:
- MACD can produce a bullish cross if the price starts going up to complete the Double bottom
- The 2 bottoms are re-bouncing from the 200 EMA
- If the price goes up, in can cross above the 20 and 50 EMAs. Monitor for a bullish cross
GBPAUD 4H chart potential Bull FlagOn this 4H chart for GBPAUD we can notice a strong resistance range. Recently the price broke temporary above it but now it dropped to retest it. In the proces of retesting it, the price started forming a potential Bull flag. Am effective breakout from the pattern can align with a re-bounce from the support range and lead to a strong increase in the price
Additional confluences:
- 20, 50 and 200 EMAs are aligned to indicated a general up trend
- The price has dropped to test the 20 EMA which aligns well with the support range and the chart pattern
Additional note: If the price provides an entry for the pattern, initially this can still happen within the support range. If you want to get even more curtainty, you may want to wait for the price to close above the range
Tron(TRX): Will We Get Rejection? / Time To Short?TRX is feeling pushy here after having that "fakeout" movement near the upper resistance zone.
We had rejected the higher zones here, and now the price is trading slightly below the resistance. We want to see that zone controlled by bears, which would mean we will see a potential movement to EMAs.
Swallow Team
Bitcoin(BTC): Broken Trend (Drop Incoming)The first day of the week is already showing some surge to test that major $40K zone, which is the last zone that holds the price up as of now.
Upon successfully breaking that zone and securing that $40K zone, we are not seeing any other support from there on, which means we are going to move to reclaim the FVG zones.
Although the setup looks very good, we always have to wait for further confirmations (which in current state is the breakdown of $40K zone)
Swallow Team
BONK DAILY SHORT ON THE RETRACE, THEN LONG PAST THE ATHTA Technical Analysis
Navigating the Waves of Bonk (Meme Coin/Token): A Technical Perspective
In the vibrant and volatile landscape of cryptocurrency, Bonk, a notable meme coin/token, exhibits intriguing technical patterns worthy of a trader's keen eye. Presently, Bonk seems to be navigating through a phase of retracement, specifically within the Level 2 bracket. This is a crucial juncture, as it teeters on the precipice of a potential rebound from the pivotal support level at 0.00000494.
This support zone is not just a numerical threshold; it represents a psychological battleground for market participants. In alignment with the broader market's synchrony with Bitcoin's movements, Bonk's trajectory is a dance closely choreographed with the crypto kingpin. However, the plot thickens with the presence of dual weekly Fair Value Gaps (FVGs) lying in wait at the lower end of the current impulse wave. These gaps are like hidden eddies in the market's flow, capable of exerting a magnetic pull on the price action.
Weighing these technical elements, my hypothesis leans towards a more optimistic scenario. The likelihood of Bonk's price action finding a resilient footing at or near the 0.00000494 support zone appears substantial. Should this occur, it would pave the way for a bullish resurgence, a narrative well-favored by bullish traders and enthusiasts alike. In essence, while the dance with uncertainty continues, the rhythm of the market seems to hum a bullish tune for Bonk, at least in the long term.
The current positioning of the price within the 'discount zone' reinforces my analysis that it is traversing a Level 2 zone. Maintaining this structural integrity is key; provided it remains intact, we're likely to witness a robust upward movement, potentially surpassing the previous all-time high (ATH).
Fundamentals Point of View
Bonk Coin/Token: A Revised Fundamental Analysis
Bonk, a meme coin/token predominantly based on the Solana blockchain, has recently garnered significant attention in the cryptocurrency market. Its fundamental characteristics, though whimsical and speculative, have shown a compelling story of growth and market dynamics.
The most notable aspect of Bonk's journey is its substantial market performance, particularly towards the end of the previous year. Key developments, such as the introduction of single-sided staking and listings on major exchanges like Coinbase and Binance, have played a crucial role in its price rallies. For instance, the listing on Coinbase led to a remarkable 50% rally in its value, while the Binance listing saw an over 100% surge.
Despite these successes, Bonk has not been immune to market volatility. It underwent a significant correction, losing over 70% of its value at one point. However, it has shown resilience and recovery, evidenced by a recent 30% surge in its price.
Looking ahead in 2024, the outlook for Bonk is largely bullish. Market predictions suggest potential trading values that could surpass its recent all-time high. This optimism is fueled by the ongoing support from the community, its presence on major exchanges, and the overall market sentiment towards meme coins.
From a market dynamics perspective, Bonk's performance is reflective of the broader sentiment in the cryptocurrency market. Its correlation with the movements of major cryptocurrencies, especially Bitcoin, indicates its sensitivity to overall market trends. The listings on prominent exchanges have boosted its visibility, attracting investor interest and potentially influencing its market momentum.
It is important to note, however, that like other meme coins, Bonk's trajectory remains highly speculative and subject to market whims. The inherent volatility of such assets poses risks of sharp corrections and potential market manipulation. While community-driven momentum can lead to significant gains, investors and traders should approach with caution and a measured understanding of the asset's speculative nature.
In summary, Bonk's fundamentals point towards a cryptocurrency whose fortunes are closely tied to community sentiment, market trends, and its evolving presence in the cryptocurrency ecosystem. Its recent market performance and bullish outlook for 2024 present both opportunities and challenges, requiring a balanced approach to potential investment decisions
Bitcoin(BTC): Getting Weaker And WeakerBitcoin is still dropping and showing further weakness here, even on today's daily candle.
Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone).
We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time now).
Swallow Team
Bitcoin(BTC): Another Rejection At $45,000With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness.
Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing the ETF.
With that being said, we are still looking for BTC to go into the liquidity grab zones. We personally are still short.
Tron (TRX): Rejected By 200 EMA + Bollinger BandsWe are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands.
With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower.
We are looking for lower support to be reached one more time and potentially being broken as well!
Swallow Team
Uncertain EURUSD, but These Levels are likely ImportantUncertain EURUSD, but These Levels are likely Important
Dear Esteemed Members,
I know when I say the EUR can go up or down, doesn't seem to be useful, but I believe the outcome depends on resistance or support break and fundamental factors.
As per the latest technical analysis updates, it is widely agreed that the EUR/USD exchange rate is currently experiencing a downtrend. Examination of the four-hour chart reveals that the pair remains below both the 50- and 100-hour exponential moving averages in a downward trajectory. The relative strength index (RSI) is also bearish, dipping below 40, reinforcing the prevailing bearish sentiment. Immediate support is identified at the 1.0920 level (200-hour exponential moving average), followed by the 1.0880 level (lower boundary of the rising regression trend channel) and the 1.0850 level (Fibonacci retracement of the latest rise).
Conversely, potential resistance levels for the EUR/USD are at the 1.0970 level (100-hour exponential moving average), the psychological and static level at 1.1000, and the 1.1050 level (midpoint of the rising channel).
In addition to technical factors, fundamental influences shape the EUR/USD exchange rate in the coming days. Attention focuses on the upcoming United States December labor market report, encompassing non-farm payroll (NFP) changes, average hourly earnings growth, and the unemployment rate. Market expectations project a 170,000 increase in NFP, a decrease from the 199,000 recorded in November. A higher-than-expected NFP could bolster the US dollar, exerting downward pressure on the EUR/USD exchange rate. Conversely, a lower-than-expected NFP may weaken the US dollar and elevate the EUR/USD exchange rate.
Kind Regards,
Ely
Bitcoin(BTC): Shorting Towards $32-34K Price is seen to be getting rejected while waiting on the upper side of the upward path. With price being stuck in-between the trend (blue line) and resistance (red zone), we see a high pressure forming, which as of now is not looking like the best one. With that being said, we are still seeing a nice correctional movement occurring here in the daily timeframe.
This week will be an interesting one for sure, with multiple economic news stories coming from the USA, which will manipulate the markets for sure. We are expecting to see some long squeezes this week!
USDJPY, SHORTUSDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount.
Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
DAX - those EMAs last intersected on November 6thHello Traders,
Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high.
The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these two averages crossed was on November 6th, and today they intersect again for the first time since that period. Could this signal a weakening of the trend or even a reversal? Currently, I expect consolidation at these levels as the market seeks acceptance. However, in my opinion, the key will be the 16600 level. If it is positively accepted and the price bounces off from it upwards, I would anticipate a natural continuation of the upward trend.
Conversely, if the price breaks through this average at the 16600 level and is accepted from below, a reversal of the trend downwards is likely. In this scenario, I would consider short positions in the range of 15774 to 15352.
Bitcoin(BTC): Struggle To Break $45K - Good Moment To DCA!For the last 21 days, the price of BTC has been held back by that major resistance zone at $45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance.
With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins).
We are still seeing a nice breakdown happen to reclaim those major liquidity zones at $34K and $26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
TSLA's Fight the Falling Resistance 🧠 Rejection or BreakoutDear Esteemed Members,
TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both sides have a significant chance because the pattern is usually bearish, but TSLA reclaimed the EMAs in a convincing manner. I've got a short, but I opened it above the resistance. So, I can close it in profit at the resistance. I wouldn't open a new short until I see the price action around the trendline. The white arrows mark the scenarios I mentioned. I also placed two positions on the chart that one could make depending on TSLA's behavior around the falling level.
Disclaimer:
It's not an investment advice. My analytics serve only entertainment purposes. Do your research. Historic results don't guarantee future outcomes.
Kind regards,
Ely