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14/10000, 3/1/2023, Trading DairyFor the BTC market, the short-term chip concentration area is the red area, and the mid-term chip concentration area is the green area. These two areas are highly overlapping The price fluctuates around the chip concentration area for longer than expected. Such long-term fluctuations will form the core chips for the next wave of decline in the short term It can be seen that before the formation of a new round of long-term expected decline, the short-term will form an earlier decline And the best possible short-term decline this time may be the beginning of a long-term decline, then short positions and increase positions will be safer and can fully expand profit margins According to the same analysis idea, when looking at the US dollar DXY market, it can be found that the positioning of the g-line is exactly the same as expected, and it has become a new price pressure level. The left side of the head and shoulders pattern has been formed. If the project pattern is not destroyed, the long-term The decline will definitely form and expand Any price bounce back to around the g-line is a good opportunity to add to short positions
by IFTrees
1
XRPUSD: triangle breakout, further positivity is coming?Cryptocurrency market is breaking out from descendeing trendlines (check my previous posts regarding).. global uncertainty around coronavirus might enhance further positivity. Triangle breakout in XRPUSD (yesterday close on daily timeframe) provides signal for joining bulls with quite wide stop around 0.215 and 0.365 t/p level.. (R:R=3.3) If entering the market at 0.265 S/L can be placed around 0.23 price level. // Feel free to share your opinion/position via comment and follow me to stay updated.
BINANCE:XRPUSDLong
by GIgor_021
Global Dow: GDOW Near Term Consolidation before further 2% RallyGlobal Dow GDOW Same thing here. Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930. It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart. Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart looking for 3000-3003 range on GDOW and a further 2% rally to 2814-5 on the SPX.
GLong
by sumastardon
MSCI World Index: Correction then 2.5% further Upside to 6015MSCI World Futures Index USD FMWO1! An excellent day for bulls all over the world. Now most markets are testing important resistance levels (Hang Seng, Sensex, SPX and Nasdaq) and are vulnerable to fairly light profit taking in the very near term. The MSCI World Index is also very close to resistance at 5873. Has to break above here to confirm further strength back to the 6000-6015 range - about a 2.5% burst. It looks likely to manage this sooner or later. If it's to be later it should find good support on any retest of the rising dynamic at around the 5752 level. Look for confirmation to buy a favored major market again either here - or if we don't get it then on a break above 5875 looking for an averaged rise of about 2.5%.
EUREX:FMWO1!Long
by sumastardon
EURUSD Target achieved at 1.1721 Further weakness likely though21st May EURUSD Week Ahead EUR has reached the medium term downside target at 1.1721 today after a low at 1.1718. Although it's rallied away from here as London opened as it should do, it's not likely to get very far, though. The first resistance potential is here at 1.1763, then a minor level at 1.1786 and then heavy at 1.1821-1.1836. It will need assistance from NY when it opens to boost it higher to this latter range at which point it should start to come off again. Looking a little further out, the chart pattern indicates that sooner or later the 1.1718 level will also give way, leading to a another period of sustained EUR weakness back to 1.1558 with lesser support potential at 1.1665 and 1.1616 being likeliest levels to expect minor near term counter rallies to occur during the descent.
Short
by sumastardon
3
AAPL: Buy Opportunity on Further WeaknessApple AAPL It took 18 months for Apple to double from the low at 91.5 to a highs at 180-183 before a 16% decine to 150 (WD Gann would have loved this stock as much as GE, probably;) Like FB, Apple has closed out the week sitting on top of the structure to its left. And in classical fashion, if the 165-164 levels fail to hold from here it's then likely Apple will fall away further, to 160 initially and then, after a bounce there, back to 155 and to 150 at lowest, most likely. Look to use any further weakness here in the early part of the week as a potential near term buying opportunity
NASDAQ:AAPL
by sumastardon
1
Bitcoin: BTCUSD Technical Picture Deteriorating FurtherBitcoin Sunday Update Nothing has happened over the last 24 hours of trading to improve the technical picture - after breaking the bear flag formation all remaining longs closed out and those day traders who then sold did well from the highs of the new day at the 9900-9917 range. Since then it's carried on drifting lower, still falling away out lack of interest rather than outright rejection at this point. The pattern is still overall bearish. The parallels guiding the descent have shifted to a less acute angle but the downtrend is still clearly in play with Bitcoin making a little continuation pattern before it falls away again, sliding lower towards the parallels below it and making small bounces off the blue support lines as it descends towards 9061, then 8805 and then 8551. Over the last 24 hours Bitcoin has built up and reinforced heavy overhead resistance at 9900-9917 - whilst below here it remains in a weak technical position - look to sell rallies with stops above 9710 for now. Coinbase Update Saturday 11:07gmt/06:07est* Ripped through the lower parallel of the flag on Coinbase - now trapped in smaller parallels and finding scant support off the lower line - now an attempt for 9900-9917 line which was the last line of neartterm support here on Coinbase and 'limit- down' those with long memories back to last night may remember. This is more dying of dis-interest than outright rejection - but it's not remotely tempting to buy right now. Likely to slide away and the bears that are out and sniffing blood won't be backing away until the upper parallel is broken and then held on the retest too. Too many failed breaks now to trust them, no? Just be damn careful all day if trading this mofo this weekend. In the absence of buyers it 's got to slide lower down the parallels. But the markets goes on regardless and day traders are buying off the lower parallel and likely looking to sell again off the upper one when touched later at 9900. 12:00 gmt/07.00est Saturday ...moving in a continuation pattern, effectively a large a bearish flag, shouldn't turn bearish again until the lowest rising parallel is broken on downside. At that point - whenever it arrives - the rally is done. Close out longs if it happens sooner rather than later. We do not want to be trapped inside the bait-ball when the next pod of whales starts circling. We have to exit before they arrive. Is this paranoia ? Maybe. But just cos we're a little paranoid doesn't mean that there isn't someone following us. There is a time to be paranoid and a time to be gung-ho. Right now, for safety's sake, it's better to be the former. We can get over paranoia. Losing 20% is harder to bear. So this weekend we have to tread carefully - more carefully than usual. Better safe than sorry. * For fastest updates in real-time please see top left of main Tv page
COINBASE:BTCUSDShort
by sumastardon