FLOW
The DIP in Bitcoin confirms and persists...Last week I posted about the suspiciously bearish signal in Bitcoin. Turns out it was correct. *back pat*. The one day spike was followed immediately by a -5.85% reversal. Nothing beats liquidity.
The question now is do we go up from here? My eggs are in the 'no' basket. While it's true that overall we're in a bullish flow state, the yellow countertrend signals should always be respected. After all, they are precursors to trend changes.
... and the times it doesn't signal a trend change, it still portends a short-term move or contextualizes one that has recently occurred.
So my expectation is that we see $28K before $35K. And hey, if the dip reverses with a green bounce, well then probably a good idea to pile in because that would be -- as the kids would say -- bullish af.
Smart Money Concepts swing trading odyssey|Ep.12|8R long|EURUSDBack yet again with the Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit. This is again being documented as a reference for my future YouTube channel.
This description took too long to write, sorry if price has moved away from where I got tagged in...
So, these Phase C swing trades are proving to be a bane - the last one on Gold went sideways for about 2 weeks leading to me closing it today before inflation news with DXY showing weakness.
Fed sentiment: Hawkish? The bond market says another 0.25% rate hike is likely and I think it has been priced in for a while. US inflation slowly coming down; 5% down to 4% y/y. Month on month it's not improving though and employment is only just starting to maybe drop, meaning room for another interest rate hike to tighten the economy.
Trader sentiment: risk on (inflation easing + stock market rallying)
On the Euro side, employment seems to be going up, and inflation is still too high. A rate hike is practically a given with the ECB having room to do it.
Overall sentiment: The 0.25% rate hike seems to be baked in, and in spite of that, EURUSD continues to form a technical pattern that implies it's going higher. If the Fed doesn't make the expected rate hike, it will likely just accelerate Euro's move up.
I am forecasting a technical move up more than a fundamental one. At LEAST to fill in the weekly FVG - if not breaking the last supply zone creating a new high for the year - but with the Fed expected to hold rates ~5% until possibly 2024 v.s. the pace of Europe's hikes and their stagnant GDP putting a limiter on their hikes, right now I don't see how EURUSD could rally much higher than that (but maybe this is just a lack of understanding on my part?)
Technicals: W pattern formed on daily TF creating new demand zone. SMT divergence with the DXY gives me confidence that market makers won't push price lower during FOMC tomorrow.
Entry: Phase C pullback into discount/50% of 4h swing low/daily bullish OB. As I said above, the SMT divs with Dollar gives me confidence to put my stop below the last 4h swing low despite news tomorrow, which could give an opportunity to scale in with bigger size, providing Euro doesn't just slip 60 pips in the blink of an eye.
Exit/Terminus: mid-point of the gap (volume imbalance) on the weekly TF + old weekly high, which is an 8R trade. I plan to partial at the last supply zone which begins at ~$1.09500.
Confidence: 7.5/10 for directional bias & 6/10 that they won't stop me out during FOMC tomorrow 😋.
Here is the weekly chart. Notice the red box which is the volume imbalance I am using as my Terminus/DOL:
FLOW Breaks Long-Term Downtrend Line
* 1D
Flow broke the long-term downtrend line with a lot of trading volume.
It could come down a little bit to around $0.7, but it probably won't come down much.
Although it has only continued to fall since its listing, it is good to expect a significant rise as it broke the long-term downtrend line for the first time.
FLOWUSDTHello Crypto Lovers, This is a 1D frame analysis for FLOWUSDT We have two scenarios in mind. Scenario one: The price has the potential to correct up to the first support line as it is currently under the resistance line and, after stabilizing above the first support line, it may start to move towards the first resistance line and, if it stabilizes above it, towards the second resistance line. Scenario two: If it cannot stabilize above the resistance line, there is the potential to correct up to the first support line, Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
FLOW, FIL, GRTHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(FLOWUSDT chart)
The HA-Low indicator on the 1W chart is about to form at the 0.678 point.
Therefore, when it is created at the 0.678 point, it is necessary to check whether it is supported around 0.638-0.754.
If supported, you can buy.
If you bought
1st: 0.871
2nd: 0.998-1.112
3rd: 1.315
Split selling is possible when resistance is received around the 1st - 3rd above.
Since the HA-Low indicator on the 1M chart is formed at the 1.701 point, a full-fledged uptrend is expected to begin when the price rises above the HA-Low indicator on the 1M chart.
(FLOWKRW chart)
The key is whether you can rise with support around 917-1015.
when it rises,
1st : 1160
2nd: 1315-1490.0
Split selling is possible when resistance is received near the 1st and 2nd above.
However, since the HA_Low indicator on the 1M chart is formed at the 2355 point, it is expected that the full-fledged uptrend will begin only when it rises above the HA-Low indicator on the 1M chart.
-------------------------------------------------- ----
(FILUSDT chart)
Looking at the 1M chart,
Support and resistance points are formed at 5.686.
Therefore, it is expected that the full-fledged uptrend will begin only when it rises above 5.686.
Looking at the 1D chart,
The HA-Low indicator on the 1D and 1W charts is close up.
And, you can see that the HA-High indicator on the 1D chart is also close.
So, if possible, I would recommend waiting for support around 4.404-4.698.
If you confirmed the support and bought it,
1st: 5.130-5.686
2nd: 7.230
Split selling is possible when resistance is received near the 1st and 2nd above.
-------------------------------------------------- ----------------
(GRTUSDT chart)
Looking at the 1M chart,
It is expected that the full-fledged uptrend will begin only when it rises above the 0.1636 point.
Looking at the 1D chart,
It gained support around 0.0974-0.1047 and rose.
thus,
1st: 0.1292-0.1355
2nd: 0.1606-0.1636
Split selling is possible when resistance is received near the 1st and 2nd above.
It is expected that the actual uptrend will begin only when it rises above the 0.1997 point formed on the 1W chart.
(GRTKRW chart)
The role of support and resistance is weak since the chart was created not long ago, so please refer to it.
It is expected that the upward trend will start only when it rises above 172, which is the volume profile section formed on the 12h chart.
If it declines, you should check for support around 130-136.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
FLOW/BTC - Flow: Trend_Reversal◳◱ Hey traders, A Trend Reversal has been identified on the TSX:FLOW / CRYPTOCAP:BTC chart. The trend of the price has reversed, indicating a potential trend change. The next resistance levels are located at 0.00001883 | 0.00002023 | 0.00002242, while the main support levels can be found at 0.00001664 | 0.00001585 | 0.00001366. Consider buying at the current price of 0.00001837 and benefiting from the trend continuation.
◰◲ General info :
▣ Name: Flow
▣ Rank: 77
▣ Exchanges: Binance, Kucoin, Huobipro, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Flow is a blockchain created by Dapper Labs that aims to make it easy for developers to build decentralized applications and businesses. Flow uses a multi-role architecture design to scale the network instead of sharding. One of the fundamental reasons Dapper Labs opted to shift away from Ethereum and build its own general-purpose blockchain was to avoid the complexity of sharding. Flow asserts that its scaling-without-sharding strategy will improve network speed and throughput while preserving composability standards and a developer-friendly, ACID-compliant environment.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001837 ₿
▣ 24HVol: 118.539 ₿
▣ 24H Chng: 5.333%
▣ 7-Days Chng: 22.89%
▣ 1-Month Chng: -24.61%
▣ 3-Months Chng: -38.86%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001883 | 0.00002023 | 0.00002242
◢ Support: 0.00001664 | 0.00001585 | 0.00001366
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.90
▣ Last 90D: -2.72
▣ Last 1-Y: -0.65
▣ Last 3-Y: 0.61
◲◰ Volatility :
▣ Last 30D: 0.99
▣ Last 90D: 0.72
▣ Last 1-Y: 1.01
▣ Last 3-Y: 10.57
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.12 - V. Bearish
▣ In-depth FLOWBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
SPX Weekly Outlook Ending Jun 30thWe broke a critical level at 4400 and have been floating down in a channel to 4350 ever since. Now 4350 remains a crucial pivot.
Below 4350 we test 4300 and below that we test 4250.
Hold 4350 and we can get back to 4370-4375 where Friday option data is showing a potential pin with 3500 contracts of 4375p short and 5000 contracts of 4370c short.
EMAflow Analytical modeMany users on tradingview are impressed by unlimited amount of indicators available but the truth is that just finding and adding together random indicators is something that brings unpredictable results. Every good trader will tell you that after you learn the knowledge biggest time goes to practice and learning when certain indicator works and when it doesn't ... This takes many years and in the end it is better to understand something when it works and when it doesn't (and adjust how you react to this) than not.. if you keep exploring new things you will be in a cursed circle always confused when market conditions change enough that something breaks.
EMAflow has been always created and developed from same base elements - all indicators are ment to be complementery, supportive of each other - watching exactly the same thing from another angle while providing same signals - so when you get same signal on many aspects you know its high probability. But sometimes grasping what market we're in is very hard so you need to zoom out - but then again comparing random fractals and ema crosses is not enough many times aswell..
This why EMAflowPRO comes with Analytical mode - ment to be always watched in zoom out -- it will provide visual signature of price action from different angles but looking for the same things..
Have a look
s3.tradingview.com
No matter what EMAflow indicator you use - it will provide consistent colors and feel based on the angle it tries to interpret.
Can your random indicators put together do that?
Let the time answer this one :) If you don't have time and just want what works - EMAflow gives exactly what you need. Find out more on my profile.
Also the top chart - has 3 levels of buy the dip on spot :) Follow what happens arround this area to see the ranges and intraday variants in action.
Smart Money Concepts swing trading odyssey|Ep.11|11R short|GoldTesting my own Phase C continuation limit order entry model for swing trading, using ICT's SMC toolkit.
Fed sentiment: Hawkish? bond yields up/possibly more hikes/USD strength
Trader sentiment: risk on? (Nasdaq rally/debt ceiling raise talks/inflation easing?)
Supply/Demand factors: people still in employment and spending money means demand
Overall sentiment: should be bullish if not for hawkish fed and dollar strength
Technicals: Gold overbought/in premium on higher timeframes, double top pattern yet to finish playing out. SMT divergence with Silver
Entry: Phase C pullback into premium of 4h swing high/fair value gap. tightened up stop because swept PDH (prev day high) giving a nice potential 11R return
Exit/terminus: MT of M -OB (50% of monthly bearish order block(Mean Threshhold))
Confidence: 7/10
Weekly chart:
Monthly chart (see order block):
FLOWUSDT NEW ATLflow has created a new all time low. Is there going to be a further drop or will the price go back up from here? We don't know, but it could be worth buying as a historical support point. But if bitcoin continues to fall and probably to 25K, we should expect more fall for this coin. Also, don't forget this point that we were on the verge of breaking the downward trend line, when the price was accompanied by a further fall.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Price Movement, Support Retesting, and Potential Trend ReversalThe FLOW coin has exhibited a downward trajectory in recent weeks, ultimately reaching its previous floor at a price point of $0.724. Encouragingly, this level has elicited positive reactions within the market. However, there exists the possibility of a retest of the support range. In order to alter the prevailing trend, it will be imperative to breach both the downward trend line and the $0.808 range concurrently. Such a development would likely result in a price surge towards the predetermined targets.
$NVDA Before EarningsNASDAQ:NVDA is currently in a consolidation phase following a recent exhaustion point of the FLOW SEQ.
The minimum target for wave 5 has been reached, but there is still potential for further expansion.
The recent price action has not yet provided clear upward impulse exhaustion target.
Caution is advised at this stage.
The price has just found initial support on the catalyst level of a downtrend impulse.
As long as the closing level of $269.15 USD is not broken, a false bearish break of the ascending wedge is possible.
Beyond this level, a stronger correction is more likely.
V2.0 | 22R Gold Long Swing Trade | Smart Money Concepts/ICTThis is an updated plan for the macro Cup & Handle breakout
Previous setup for the 30R Gold long didn't play out; the unconfirmed SMT divergence didn't get confirmed and there was no impulsive move away.
The stop loss is larger due to the entry location.
Not financial advice but if this trade idea inspires you, you could use an even bigger stop to avoid potentially getting stopped out by an errant news spike. 22:1 risk reward sounds cooler though doesn't it?
SMT divergence in this setup between Gold & Silver has been confirmed this time; stops were swept on one pair but not on the other, before rallying upwards and creating a higher high on the daily timeframe.
In theory the swing where stops were swept SHOULD hold now.
Possible 30R Gold Long - Swing trade - Smart Money Concepts/ICT1. Price has come back to mitigate the 4H +FVG (Fair Value Gap) created on the 4th April, sweeping a PDL (Previous Day's Low) in the process to clean out the stop losses of anyone in early longs from this past week. This is an early entry signal and I have started to scale in with a scalp. (This higher risk trading, and not financial advice!)
2. Price has also retraced to a W +OB (Order Block)
3. We have SMT divergence with Silver, which has not swept the same low; another bullish signal in SMC (Smart Money Concepts) - although it would be better to have the SMT divergence with the previous structure than the current one as this is still unconfirmed (Silver can still make a lower low!)
ENTRY: ***IF*** price displaces/moves impulsively away now on the 15m timeframe, it can come back to fill the 15m +BPR (Balanced Price Range) left after the sweep of the 4th April lows. a 15m ChoCh (Change of Character) A.K.A. MSS (Market Structure Shift) would be ideal, but the last 15m swing high to be broken is a bit far away so the BPR fill is the alternative. This also lines up with the 4H +FVG which has a 4H +OB/Demand Zone below it.
I have placed my stop loss below the Pennant's rPOC (Range Point Of Control) for a peace of mind instead of the wick of the stop hunt.
I will post a zoomed in chart below.