FOMC
BTCUSDT 60 min chart analysis
As we approach the FOMC release, volatility in the market is expected to increase. As we can see, price has rallied to a key Bearish Orderblock on the hourly timeframe chart.
I am looking to short BTCUSDT due to the following confluences:
~ Price has reached a key Bearish Orderblock.
~ Price has reached the premium area of the current trading range on this hourly chart.
~ There is Buy-Side Liquidity (BSL) by $18 800 that is very likely to get raided.
~ There is a Fair Value Gap (FVG) just below the BSL by $18 500.
~ The Market structure on the higher timeframes such as the Daily timeframe is still bearish with a major BSL around $17 500 price level. So i can expect price to reach that price level before targeting the Sell-Side Liquidity (SSL) above current price level.
Any important news release adds volatility to make the price action move quicker than usual days when there are no news releases. This is a High probable trade setup but not a Certainty.
Happy Trading Pals
XAUUSD - KOG REPORT - FOMC!KOG Report – FOMC
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
For this FOMC KOG Report we’re going to reference the KOG Report shared on Sunday where we said we would be looking for some form of relief rally in Gold. We suggested earlier in the month that we could potentially see this rally happening at some point during the last week of September, so for that reason we will be looking at the lower levels to go long. We have targets below which we would like to see completed before the move to the upside, what we want to see though is how the price reacts to these levels and where it creates its base. Our daily is already showing some bullish signs, however, the weekly is suggesting some more movement down is possible. A lot of traders will be sitting long here at the 200MA so a sweep of liquidity on the lows is very possible.
For the reasons above, we’ll again be looking at the extreme levels to take entries with a plan to take this up towards the 1700+ price regions. Illustrated on the chart are the key support and resistance levels we feel they can tap into before swinging the move in the opposite direction! The first level we’re looking at is just below the 1650 psychological level where if we see a strong support we feel there will be an opportunity to take the long trade back up towards the 1680-95 price points.
We’re going to keep it simple for this report as our plans are on the KOG reports and nothing has really changed, apart from the ranging price action that we’re witnessing pre-event. Its also possible that the market has priced in this release, in which case we will continue as we are.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
EUR/USD remains under pressure ahead of FOMCThe EUR/USD looks set to break to a new low for the year, as nothing has fundamentally changed to encourage dip buyers to step in yet. Will that change after the FOMC decision today remains to be seen?
But I think the Fed is going to maintain a hawkish stance, which should keep the dollar supported.
The euro faces continued headwinds from a weak Eurozone economy, crippled because of an energy crisis among other things. Russia's President Putin has said that military reservists are to be sent to Ukraine as part of a "partial mobilisation" of his forces which means the war looks like will drag on unfortunately. This is bad news for the Eurozone and its energy crisis.
With EUR/USD breaking short-term support in the shaded region shown on the chart, the path of least resistance remains to the downside inside the long-term bear channel. A break to a new low looks increasingly likely.
Admittedly, the EUR/USD looks severely oversold and much of the downside risks may already be priced in. But I will only change my view on the EUR/USD when the charts tell us by making a higher high or creating a key reversal pattern.
By Fawad Razaqzada on behalf of FOREX.com
If/Then Rate Hike SceneriosIf 100 bps, then break below support & cont. down.
If 75 bps, then remain above bottom support.
If 75 bps & hints of future pivot, then back into triangle with breakout imminent.
If 50 bps, then To The Moon!
XAUUSD : Target Reached ✅Well, as you can see, exactly as we expected, the price faced the demand pressure in the mentioned range, and with more than 130 pips of growth, it reached exactly the supply range that we said ($1676 to $1680) and The initial negative reaction showed! Important levels of supply and demand are marked on the chart !!
Follow me for more analysis & Feel free to ask any questions you have, I'm here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 09.21.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
BITCOIN UPDATEBTC following my projection nicely from the previous multi timeframe analysis (linked below) Price is climbing PRE FOMC but i think this bullish corrective move is limited - partials have been secured holding the remainder risk free- remember Big interest rate hike is expected later today from the FED, this is bearish for risk and bullish for the Dollar.
I hope some of you capitalised on my previous analysis.
🎯ATOM - primed for pullback?🎯ATOM has been one of the most bullish coins this summer, rising 210% from its bottom in June. Consequently, its Bitcoin valuation has risen ~250%.
Recently it double topped around .382 Fib measured from last weekly swing high in April - this suggests we still have bearishness on the long term.
It also tapped into the .782 Fib measured from previous daily swing high in May before the meltdown - this suggests that a pullback will not go too deep too soon towards previous lows.
The big RSI bearish divergence already pointed out that we are due for a correction.
The FOMC press conference today could provide the catalyst for that pullback.
However, there still might be some gas left in this up move, so I don't exclude the possibility to have another leg up before a deeper pullback.🎯
📈The game plan:
1. ATOM needs to break down the 4h 200 EMA support it currently sits on. Wait for candle close confirmation.
2. Scout the ATOMBTC chart - if it goes below previous swing low (68890 satoshi) we have another confirmation.
3. ATOM needs to break down below previous swing low between the two tops (13.225 $). Wait for candle close confirmation.
Profit levels are at 12$ and 10.6$, based on Volume Profiles, depending on your risk appetite. The trendlines could provide support on both charts, so be careful to take profits in time.
Don't rush into it. Let the news be digested by the market. We need at least 75 pp increase on the federal rate to keep ranging, and 100 pp rate increase to move the markets down.
If we keep ranging, I would be more inclined to do this trade on the ATOMBTC pair.
This post links back to yesterday's post regarding overvalued altcoins - thought it would help to share a concrete example.
💎Looking forward for your questions below. If this post provided you value, follow for more.
🚨Disclaimer: this post is for educational purposes only, not financial advice. Do your own due diligence.
DXY Tests Highs Ahead of FOMCThe DXY made a run for highs yesterday as we had one more rally in yields just before the FOMC. We are currently flirting with highs, with a wick peaking past 110.75 to 110.86 or so. We will need to solidly break this if we are able to hit our next target at 111.37. We don't expect too much action until the Fed rate hike today at 2 PM EST. We are expected to see a 75 bps rate hike, with some small probability of a 100 bps increase. If we see a retracement after the release, we should see support at 110.20, with further support in the 109's, and a floor of 108.50. If we rally, then 111.37 is our next target.
Bitcoin Detailed Top-Down Analysis - Day 70Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
70 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Trend Analytics September 21- Before the FOMC Yesterday bulls failed to take the key price point, which prevents the price from rising above the diverted $19534.40.
Today BTC temporarily runs between $19534.40-$18453.78. Breaking up $19534.40 for 24 hours will BTC see a temporary relief from a second slide; breaking down $18453.78 will see a second slide toward $18175.02-$18006.71.
Interest rate hike prediction:
<75bp, a strong rebound
=75bp, strong fluctuation (causing the liquidation of both longs and shorts) and then slide
>75bp, crash
As the FOMC meeting draws near, uncertainty becomes even more prominent in the price movement. Set protections for your positions.
Will the hawkish message continue with today's FOMC? Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative.
That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's reaction to last Tuesday's CPI surprise, and it not only revived the USD but also nailed stock indexes, risk currencies and crypto.
Traders will be looking to see any inflation surprises in the projections, what the Fed thinks about the current position, and how far the rates cycle may need to go. If any of these remain on the hawkish side, we could see further gains from the USD and further losses on risk markets, including crypto. Fed funds futures terminal rate has also been raised to 4.5% by April, increasing from 4.0% before last Tuesday's CPI report.
Looking at the USD index. If influences continue to support price we could see a new breakout above 110.30 resistance, continuing the current fast trend. The USD index has formed a new HL after the CPI spike got the current fast trend back on track. We want to see resistance beaten to confirm that the trend is truly underway, and a break of the September high would further that confirmation.
The Nasdaq has performed the worst out of the three main US indexes since the 16th of August. The NDX100 CFD index, which tracks the Nasdaq, dropped close to 15% since that high. Some short-term support is starting to set up on the NDX100, but if we see hawkish pressure resume, we would be looking for a move back to 11,450, an area that has shown demand back in July.
The FOMC projections, funds rate and statement will be released at 2:00 pm EST, with the Press conference to follow at 2:30 pm.
We love to hear from you so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
FOMC HaikuFOMC Haiku
You buy the meeting
And then you sell the minutes
Prosper very much
The timing here kinda resembles the May instance where the haiku didn't work. Thing's would be far more primed for a pump if there had been further downside lower than the June low.
So take it with a grain of salt.
S&P500 Analysis Before FOMC AnnouncementFor this trade analysis, the S&P500 has seen a recent fall around 13 September. How does the FOMC announcement impact the markets given a 75 or 100 basis point rate hike?
The Federal Reserve is the central banking system of the United States and is responsible for buying and selling US securities in the financial markets and setting interest rates and reserve requirements to achieve stable prices and maximum employment. This announcement provides a wealth of data that can influence the markets, leading to volatility and is why traders pay attention to the release of data that happens 8-times a year.
[09/21] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin rose slightly until the morning of the 20th, but it is creeping down again.
16 hours after this time, the FOMC interest rate announcement will be made.
This is an announcement that has a huge impact on the direction of the investment market in the future. Most predict 0.75bp (GiantStep), but if 1bp (UltraStep) is confirmed, the investment market, including NASDAQ and Bitcoin, is likely to fall sharply.
On the contrary, if 0.5bp (Big Step) is confirmed, the investment market, including NASDAQ and Bitcoin, will likely rise significantly.
0.75bp (GiantStep) is originally a negative factor, but it is already predicted, so I think you should respond by looking at "how the investment market reacts."
0.75bp is the most likely, followed by 1bp.
If the presentation at the FOMC acts as a negative factor (precondition), there is a view that is seen as an Elliott wave.
It's a perspective that comes down a little bit strongly.
Since the beginning of the first wave is seen as an impulse, the rise until yesterday morning is strongly lowered to 2nd and 3rd from now on.
If the announcement at the FOMC works as a negative factor, the probability of this view will increase even further.
With an important announcement ahead, let's all be careful!
*Today's analysis shows a stronger tendency to analyze "there is this perspective" than to predict "it will move like this." Please take it as a reference!
USDJPY EURUSD AUDUSD GBPUSD Markup No trade for me todayIt's FOMC Day today. Im in Asia. I wont be getting into any trades until tomorrow asia time after the FOMC result.
Just a few thoughts. 75bps is pretty much priced in the market, so i think if its only 75bps plus a dovish message along with it I think market well have a breather and see DXY correcting. Anything higher than 75bps is gonna be wild..
Goodluck trading out there.
here are some markups
USDJPY
eurusd
audusd
www.tradingview.com
gbpusd
1w trading below quarterly level looks over extended very bearish
4h no sign of reversal. Prev candlw was a bullish one but current seems bearish . Stay away
DXY , FOMCI dont have a clear vision right now. we should allow the market to do its thing until rate announcement
But my ideal scenario is the market forms its weekly high tomorrow , then punish sellers at news release then sell of.
109.275 and below looks interesting to me.
in case of missing the move after news release , dont chase price
be safe:)
Boring Monday into FOMC Week9/19/22 It was a slow moving day after a pretty nasty gap down over the weekend and coming into a FOMC week. I hope your bias was bullish because there was legit no bearish momentum unless you swung puts over the weekend. Besides that you probably got crushed being bearish today unless you were just being a scalp master. the entries were difficult to spot today but they were there as long as your bias was correct.
FOMC - Will We See A Repeat Of Last Week's Sell-Off?Hello Traders,
Here is a quick post about the FOMC meeting and prior FED news.
I'm partly anticipating for price to test the key resistance level on Tuesday, the day before the FOMC meeting.
- My concern is that price did the same thing last week the day prior to the CPI Data being released... Obviously a large sell-off followed.
I don't think it's a coincidence how things played out last week, it was obviously deliberate.
- Smart money positioned the price exactly where they wanted it to be...
- With this in mind I wouldn't be surprised if the same thing happened this week.
So my question is... Will we see a repeat of last weeks sell off when price came into a key level the day before?
It's something to think about, I just wanted to share this with anyone who might be curious.
Thanks everyone and best of luck trading!