HERES A REASON WHY I THINK BTC NEEDS TO GO TO 28K 1.Clear market shift in 4h frame.
2. Double down in 1h chart with no retest
3.Too much liquidity lying under 19.4
4. When using volume profile i see the imbalance at 20.6-23.2-25.2 up till 28.2
5. Some correction needs to be done before going any lower. If btc breaks my sl it goes straight to 17.6-14.8
6. BTC on supp of 40% retracement level in log chart
7. hammer candlestick( reversal candlestick) on the daily chart
SOME REASONS TO BE BEARISH TOO:
1.Extreme market fear
2. Got rejected from 23k. ( major resistance for now)
ON CONCLUSION :
correction needed to done if we go lower on ltf(since 23k rejection). correction need to be done if we go up( since its coming down rn). correction needs to be done before we drop any lower on HTF. major zone for bitcoin with loads of liquidity
FOMC
$BTC now what?It just missed our start of the box but no worries. i am a bear and i think it's the perfect time for a bear market rally provided spx holds it levels. Although before rallying i first would like to see btc hold 20k when spx take out the lows of 2021. the first target for rally would be 28k then 33k if that holds we can talk about 35k and 40k. This would be a perfect bear market rally as people will think the bulls are back but in real this will be crushing so many retailers. I think after hitting these there's a possibility of going down bad depending on the economical situation. my targets would be 15k-11k-9k. a big accumulation for 3-6 months is what i want to see to start a new cycle.
FED's rate hike will play a major role taking the liquidity out of the market making sure people believe everything is dead.
BTCUSD Daily TA Cautiously BearishBTCUSD Daily cautiously bearish. Recommended ratio: 15% BTC, 85% Cash. *Markets seemed to like the Fed's decision to go with a 75 bp rate hike, but with the next PMI report arriving on June 23rd it's unclear how long this excitement will last. If PMI comes in higher than last month and by a larger percentage than the previous report, it would imply that inflation is still raging and markets will likely react negatively; if it comes in higher than last month but by a lesser percentage than the previous report, it will likely signal that inflation is slowing and markets may react negatively but perhaps more briefly than in the previous scenario; and if it somehow comes in lower than it did in May we may see a stronger rally to end the month. The next CPI report is due July 13th and the next FOMC meeting is July 26-27. Vlad the Not so Great is likely going to continue escalating the war in Ukraine, China's 'Zero-Covid' Policy may or may not come to a halt come Autumn when it is election time for the CCP, and the situation between China/Taiwan/Japan and the South and East China Sea is still a wildcard for the end of 2022. Lots to be vigilant about so stay safe.* Price is currently forming a Bull Flag bottom in effort to reclaim $24180 minor support and avoid formally testing $19417 support. Volume remains high and is currently on track to favor buyers if it can close this session in the green; buyers reacted positively to the FOMC decision to raise the Fed Funds Rate by 75 bps. Parabolic SAR flips bullish at $31150, this margin is mildly bullish at the moment. RSI is currently trending up at 25.60 support as it attempts to reclaim support at the uptrend line form 01/22/22. Stochastic remains bearish and is currently trending sideways at max bottom; though it can coast in the "bearish autobahn zone" for some time, a bullish crossover is likely pending. MACD remains bearish and is currently trending down at -2037; the next support (minor) is at -2497 and the next resistance -1435 (still very loosely can act as support with a bounce here). ADX is currently trending up at 32 as Price is attempting to find a bottom, this is mildly bearish. If Price is able to continue the move upward it will likely test $24180 minor resistance before potentially going higher to test the 50/50 uptrend line from August 2017 at $29k. However, if Price breaks down here then it will likely test $19417 support. Mental Stop Loss: (two consecutive closes above) $24180.
Today’s Notable Sentiment ShiftsUSD/FOMC – The Federal Reserve raised interest rates by 75 basis points on Wednesday – its single biggest rate increase since 1994. The Fed justified the historic move was necessary to fight inflation but also projected a slowing economy and rising unemployment in the months ahead.
Following an initial uptick in USD, the reserve currency sold off across the board. Explaining USD’s eventual weakness, Wester Union simply stated that “the dollar largely succumbed to the buy the rumor/sell the fact dynamic in the wake of the Fed decision.” While Corpay argues that “ultimately, Powell failed to out-hawk market expectations.” Adding that “traders are piling into currencies issued by central banks that are likely to follow today’s Fed’s hike with aggressive moves of their own.”
XAUUSD 2nd TP Reached : +170 Pips ✅✅ TP1 Reached ✅ ~ $ 1831
✅ TP2 Reached ✅ ~ $ 1842
Last analysis : As you can see, after collecting liquidity below $ 1807, the price faced demand and increased by $ 20, now trading in the range of $ 1827, the first scenario is to rise to the levels indicated on the chart, respectively: $ 1831, 1842, $ 1851, $ 1857 and $ 1863 ...! The second scenario is rejecting from $ 1824 to $ 1831 zone and moving to the $ 1804 and $ 1787 targets.
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.16.2022
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Cycle Bottom Indicator [CBI] - Log Chart [UPDATE 03 - FED 0.75%]Quick update on the Cycle Bottom Indicator (CBI) tracking + Log Chart post central bank federal funds rate announcement with a 75 basis point increase.
See link for announcement: www.wsj.com
This was not too much of a surprise, given:
1) inflation numbers after a
2) massive increase in M1 currency supply post COVID (in all tear 1 currencies) and
3) the massive gap emerging between 2 Year Treasury Bond Yield vs FED Funds Rate we discussed in the last post.
There is every chance the FED will continue to go hard on interest rate increases until we see the gap close.
Will be interesting to see how the CBI performs in such uncharted bottoming conditions for BTC.
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.
Gold has worked well for us this week as well as the other pairs so for this FOMC we’re not really too concerned about getting into a good position for it. What we will say though is to wait for the move to finish, that’s if its not already priced in. This is either going to be another no show event or, we’re going to see this tap into the highs or lows over the coming sessions.
So, what can we expect in the coming session?
We have support here on the hourly at the 1820 region, as we said the other day there’s a bit of a mess left behind that the market may want to clear up and then resume the bearish move! We have some Excalibur targets on other pairs which suggest we may get a push down first and then a rise up into the 1850-55 level. So we will look at this as always with 2 scenarios in mind, with the view not to take any entries unless the market targets the high or the low regions. If we don’t get those regions then we’ll simply sit out and revert back to intraday trading from tomorrow.
Scenario 1:
They push the price down, we will only be looking for the lower support region which is sitting around the 1780-85 mark before we then look for strong support, we feel this level would represent an opportunity to then long the market back up into the 1800, 1810 and above that 1820 levels initially.
Scenario 2:
They push the price up, we will be looking for the higher resistance level of 1850-55 and above that 1880-85 where is we see resistance we feel an opportunity to short the market will present itself.
As we said, we’re going to keep it simple this time. The markets are very volatile and aggressive, and it doesn’t look like they’re finished yet! We had a good week and don’t want to give anything back to market so please trade carefully if you are going to trade it.
Hope this helps in preparation for FOMC, we will update you as we go along as we usually do. 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
XAUUSD 4H TA : 06.15.22 (Update 2)The First Target Reached : +100 Pips so far
Last analysis : As you can see, after collecting liquidity below $ 1807, the price faced demand and increased by $ 20, now trading in the range of $ 1827, the first scenario is to rise to the levels indicated on the chart, respectively: $ 1831, 1842, $ 1851, $ 1857 and $ 1863 ...! The second scenario is rejecting from $ 1824 to $ 1831 zone and moving to the $ 1804 and $ 1787 targets.
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.15.2022
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Stocks Await the FOMCStocks are hovering at lows, establishing value in the mid 3700's. The S&P 500 is clearly waiting for the FOMC event today, so don't expect much action at open. The Kovach OBV has picked up a bit, and we have found support in the low 3700's. We appear to be forming a small bull wedge pattern with a neckline at 3758. If we do break out, we should find immediate resistance in the 3800's, starting at 3792, however another dump could take us back to lows at 3694.
USDCAD - FUNDAMENTAS WITH TECHNICAL LEVELS- DXY is currently at 104.863 LEVEL. The USD traded slightly lower with the MARKET RISK OFF in the last few days. Also, at present the CAD FEATURE is at 0.7725 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because the USD receives a POSITIVE SENTIMENT and the USD receives a RATE HIKE SENTIMENT.
- Currently the OVERALL MARKET is showing a RISK ON nature. STOCKS are currently getting a bit GREEN showing a RISK ON SENTIMENT. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS today. Currently the market has a RISK ON SENTIMENT. Therefore, in the future, all currencies such as NZD, CAD and AUD may be slightly UPA compared to JPY CHF and USD.
- USDCAD PRICE can be DOWN to 1.2847 LEVEL before re-UP. After that the USDCAD PRICE can be UP again to 1.3189 LEVEL. The USD is slightly stronger at this time due to the MARKET SENTIMENT. The OIL PRICE applies to USDCAD, and the decisions made at OPEC MEETING will have the greatest impact on USDCAD. You can be a DXY UP from FOMC UPDATES today. So stay tuned for that.
Bitcoin Trend Analytics May June 15th - risks accumulateBTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart)
The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp .
The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23.
Fed’s decision will be settled at 02:00 June 16th (UTC+8). Previous rate 1%; expected rate 1.5%. Lower than expectation, bullish; equal to 1.5%, slightly bearish; higher than expectation, bearish.
Watch out for the risks of high volatility at the time of the release.
ETH/USD Daily TA Cautiously BearishETH/USD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *FOMC WATCH tomorrow at 2pm. For those thinking that Celsius Network is what caused this recent crypto downturn, the same can be said for Terra, and both look like prime scapegoats but the fact is that they merely added fuel to an already blazing fire. $9.3 trillion has now left the stock market since the Fed announced QT in January, add supply chain woes prompted by Covid-19 and later exacerbated by Russia/Ukraine (as well as still ongoing lockdowns), and we are beginning to paint a clearer picture as to why speculative capital is fleeing equities and crypto.* Price is currently trending down at $1200 but is still technically testing the lower trendline of the descending channel from October 2021 (~$1400) as support. Volume is High and is currently on track to favor buyers (after seven consecutive sessions of seller dominance) if it can close today in the green - buyers are showing up at this current level. Parabolic SAR flips bullish at $1750, this margin is mildly bullish. RSI is currently bouncing at 21 and is still technically testing the uptrend line from 01/22/22 (26.50) as support - it would need to climb back above 26.50 quickly to retain support. Stochastic remains bearish and is currently on the verge of crossing over bullish at max bottom. MACD remains bearish and is currently testing -197.34 support with no signs of trough formation; the next support is at -318.82. ADX is currently trending up at 43 as Price continues to fall, this is bearish. If Price is able to bounce here then it will likely test the lower trendline of the descending channel from October 2021 at ~$1400 as resistance before potentially reclaiming legitimate channel support. However, if Price continues to break down here, it will likely test $775.83 support for the first time since breaking above it in January 2021. Mental Stop Loss: (two consecutive closes above) $1400.
BTCUSDT (Neutral) After a long period of whales manipulation and consolidation, bitcoin or btcusdt had finally moved down!
It trapped the bulltards before reversing the market to go down.
We finally moved down to 21k usdt.
Now, I bias is neutral, either we move up from here or we continue to go down.
There is an upcoming FOMC news!
How do you think it will move the market?
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Stocks Stabilize Ahead of FOMCThe S&P 500 has dumped further, and we are well below previous relative lows. It was pretty much a straight dive from the 4100's to the 3700's, with very little buy back or even a sign of a technical retracement. We do appear to be finding support at 3758, with a wick extending down a bit further to 3714 or so. After that, we got a small pivot back to 3792 or so. The Kovach OBV has leveled off and is even starting to turn up a bit, suggesting that we may see continued support at these levels and even range a bit between 3758 and 3792. We anticipate 3714 to be a floor for now, but another proper selloff could easily smash through and test the 3600's. It should be a quiet day today as the markets are anticipating the FOMC tomorrow.
U.S. Dollar Index 12H TA : 06.13.22 As you can see, the price has reached an important SUPPLY ZONE and we have to wait for seeing any negative reaction from the Dollar Index with the start of the new trading week. This week (Tuesday) we have the announcement of the PPI index , which is part of the inflation data . On Wednesday, we also have FOMC Press Conference to increase or not increase interest rates, which forecasts indicate a half percent increase in interest rates. Of course, this news has been anticipated to some extent, but we still have to see the momentary effect of the news on the chart and trade based on the fact, so until then we do not prejudge the market and only consider different scenarios.
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.13.2022
⚠️(DYOR)
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strategy over next 3 weeks should be profitable (volatility)INTRO
15 year old trader in England comment your ideas want to know what u think
Over the next 3 weeks I believe if you wait for volatility peaks or volatility consolidation trading sideways basically and then take a short or long position depending on economic data coming over this week this will create vol in the markets which will help the strategy create the ideal market conditions to take a position. This week many economic events are happening meaning markets will correlate to these events meaning there will be a reason behind the madness meaning before the data is released equites could trade sideway and then react to the data released going long or short. This strategy should be profitable while taking other fundamental and technical factors into account
IS THE STRATERGY GOING TO BE SUCCESFUL
volatility should increase over this week because traders will want to trade the economic data coming in this week which will mean either two things equites will consolidate or there will be a burst of liquidity over this week which could be crushed if the fed decide to hike rates even further which will cause liquidity to deuterate even further causing markets to consolidate. this means extended high volatility periods are inevitable which could mean a hard week for traders as there is no liquidity for them to exit their positions. the strategy i have outlined could be affected by this but by taking the money flow index into account before taking a trade it will mean if there is a extended period of volatility liquidity should follow but we could be trading sideways for the next few week. as i have shown here their are so many possible outcomes this week because of the pure amount of variables but if I believe this strategy will mean all of these possible situations will be tradable meaning it could be profitable over the next 3 weeks
MAIN ECONMIC EVENTS THAT WILL IMPACT THE STRAT
Over the next week we have the producer price index data this measures the change in input price of goods and services, it measures the input costs. if the input costs rises it will mean a decrease in profit margin for business and rising costs for the customer and if it falls decreasing costs for the customer and increasing profit margins for the business. this will impact the strategy because if the data is better investor confidence will increase in the current health of the business which will mean and increase of buyers providing liquidly to the market and of course the opposite for if the data is worse than we expected. as well as the core retail sales date which basically measures the sales at the retail level in the us which will be impacted by current consumer spending with credit spending be very high at the moment the forecast is higher than the previous. but it should be the opposite because of recessionary fears which shows a slight bit of compliancy by the American consumer. if the forecast is positive as expected it should be bullish for equites especially retail stocks such as WMT. As well as large decisions coming from the fed with the interest rate decision coming in which could completely change the markets liquidity and direction in addition to the FOMC economic projections which will affect investor confidence for the good or bad we will see. all off these factors will affect the market deeply. which will be a perfect condition for the strategy to operate
Dollar Index -07-06-2022-• USD technical picture still looks bullish, supported by multi month ascending trend line
• There are 2 support lines, labeled in blue and
• Higher slope and steepness is called accelerating trend line, which signals a strong dominating bullish trend
• Index also supported by the orange multi year trend line resistance turned support now
• Next target on the upside is at 103 (2020 high) followed by 103.80 (2017 high) which, if broken, exposes the 2022 high at 105
Let's go long on GOLDWith profits of 200pips from yesterday's short to $1910, we're now long. Prices at around 1910 dollars seem like a great place to end the current correction and begin a new upward move, for the following reasons:
1) The June 2021 broken resistance high should now serve as a strong support level.
2) A 50% Fibonacci retracement of the 15th December rally is represented by 1911 dollars,
3) Levels between 1925 and 1891 represent 50% and 61.80% of the 28th January rally.
With the meeting of the Federal Reserve's Monetary Policy Committee scheduled to end today. Volatility is expected to be higher than usual, and while I expect prices to remain above the 1910 dollar mark, any quick test and a false breakout to 1890 dollars per ounce should be fine and would not change our technical view.
ES | FOMC Price Action 5/25/2022The May 3, 2022 FOMC Meeting minutes was released 5/25/2022, which is another opportunity for Market Makers to swing price around violently and take out liquidity. We knew the obvious target would be the Buyside Liquidity at ES 3982.25. This level was the only major liquidity level in the nearby area. Also, after taking Buyside Liquidity price would continue going down as it has been for several weeks. So this case made logical sense.
And that is exactly what happened. ES whipsawed up and down to take out the local liquidity levels before then going up to take out 3982.25. But it didn’t stop there. Price also completely closed the daily Fair Value Gap which means there are no more reasons for price to go up any further. In my opinion, ES continues its march down for a while.
EURUSD 4H TA Result : +115 Pips ✅✅ RESULTS SO FAR : +115 Pips ✅
THE main analysis :
As you can see, the price reached 1.0632 to 1.065 after the correction and reacted positively, before that it was a strong supply range and now, despite organizational support, it can become a demand range (conversion levels) , the next important levels are also marked on the chart.
The Second one :
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👤 Arman Shaban : @ArmanShabanTrading
📅 05.30.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️