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October 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 0.44% over the last 24 hours and rose to an intraday high of $19,558.82. The largest cryptocurrency was mainly trading around the $19,500 price level during the weekend, suggesting a balance between supply and demand. The latest U.S. Consumer Price Index will be released on Thursday, which is widely expected to arrive at 8.1%, slightly lower than last month's 8.3% but hardly enough to change the Fed's monetary policy. If the inflation is higher than expected, the risky asset class could experience another sell-off this week. Today’s Cryptocurrency Headline FSB to Propose Crypto Regulations Next Week The Financial Stability Board (FSB), a global regulator, will develop plans to regulate the cryptocurrency market in the middle of next week. The FSB sets out its crypto agenda in July and is expected to present a consultation report to G20 finance ministers ahead of a meeting next Wednesday and Thursday in Washington. The Financial Stability Board will revisit its existing norms on stablecoins, which were first published in October 2020. The FSB will also submit another draft report for “promoting international consistency of regulatory and supervisory approaches to other crypto-assets and crypto-asset markets”. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
EUR/USD - Watch out this weekend! EUR/USD - G20 Meeting...! We've got the G20 meeting running today through to the weekend (17th-18th) Discussing of 750 billion recovery fund. Key questions to analyse and ask yourselves: - Will the countries be given a loan, grant or both? - How will the fund be split? - How much will the recovery fund be? Will it be the full amount? - Is there be any progression for this meeting or will we have to wait a month? - Is there an agreement of some sort? As well as this, keep in mind the open on Sunday - Indices and other instruments could have various gaps higher or lower depending on the whether we get optimistic or pessimistic stance. For full run down on meeting schedule LINK: www.consilium.europa.eu Any further questions - please do get in touch and we will try our best to respond as soon as we can. All the best.
by Trade_Journal
G20 meeting results, OPEC & tough weekThe G20 meeting was the main even however the markets were not so much interested in the summit as in one particular meeting Trump - Xi. At stake was the fate of trade negotiations between countries. Markets have been waiting for the end of the trade war. As we expected the leaders Trump and Xi agreed to resume trade negotiations on Saturday, June 29. The main surprise was the decision to allow US companies to sell Huawei products. Against the background, safe haven assets have naturally undergone sales. However, returning to the negotiating table is not the end of the trade war. So today we will and buy gold, as well as the yen. For instance, sell USDJPY around $108.50 mark, and buy gold around $1385 mark. While the markets are preparing for the OPEC meeting and the extension of OPEC + №2 (95% of the polled experts believe that the contract will be extended), and even its expansion, the US continues to take advantage of the moment and increase oil production. Oil production in the United States in April exceeded 12 million barrels per day, thus setting a new record. And the number of active oil installations in the United States has increased again. This time, according to Baker Hughes, it has increased by 4 pieces. OPEC members will meet later on Monday. On Tuesday, the Reserve Bank of Australia may reduce the rate (in this light, we recommend paying attention to AUDUSD sales). In addition, data on business activity in the US will be published and data on the NFP will end up the week. Our trading preferences this week are as follows: we will look for points for sales of the dollar and the Russian ruble. Sell USDJPY, in addition from now on we will build up a short position in the AUDUSD pair. Oil is still paused until the OPEC meeting results announcement. As for gold, this week we will work without obvious preferences, selling from overbought and buying from overselling areas.
Short
by Trade24Fx
Current scenario on ES-MINI S&P 500 by ThinkingAntsOkMain Items we can see on the 4HS chart: a)Using Elliott Wave Theory we can conclude that if we had ABC ( Bearish Movement) / ABC (Current Bullish Movement). Now we can expect a 12345 bearish movement following the idea of a Flat Correction b)On every timeframe starting on the Weekly Chart we can see Divergences on MACD, (this kind of Signal is possibly showing the weakness of the bullish movement) c)We have a Triple Top pattern, which is a major reversal zone that was tested on 2 Historical Maximums, and in this last bullish movement, the price was also rejected from there. d)Currently, we have a Corrective Structure in which the breakout will give us valuable information about the direction the price may take MULTI TIMEFRAME VISION: -Weekly: -Daily:
CME_MINI:ES1!Short
by ThinkingAntsOk
TRADERSAI - A.I. Powered Model Trades for THU 06/27Directionless Trading to Continue into the G-20 Summit Weekend With the interest rate cut hopes drying up, a trade war resolution is the next best thing to boost the markets. Until then, it would likely be a directionless, choppy trading in a tight range. The chart shows the trading plans indicated for today by our models (for further details, please check our site - not able to post links here) #ES #SP500 #SPX #SPY #Fed #Record #Yields
SP:SPX
by TradersAIDotCom
USDMXN: Topped as per the weekly timeframe...I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in commodities, EM currencies and weakness in the dollar. Either way, I'd like to have some exposure to oil and gold, at the very least, but also look into agricultural futures and related stocks, since the trade truce signaled strength might be seen in these markets. Another interesting market to monitor is tech, in particular $QCOM in the event of a merger...I'll be watching $SPY, since I fear it is a bit stretched, and might go back down, if it's still range bound and not trending. Cheers, Ivan Labrie.
Short
by IvanLabrie
Market seeing resistance into G20 summit The market is turning right where we expected it to. There is very heavy resistance here no matter how you roll the dice. At this point its just a wait and see game. With the G20 summit this weekend, and special 'side lines' meetings between Trump/Putin/Xi, relations talk between Russia / USA / China will be in the forefront for the market. Hopefully good news comes of it and we can continue on with our bull market. But if there is some sort of bad PR or trade news, I could see SPY seeing the lows near 263 again.
AMEX:SPY
by gingerheadtrader
3
BTC one more correction - end of November. TA/FA. FED, CME, G20FA: - G20 summit (markets been pumped prior to that event - dump on event) - CME futures expire - FED reduction - 26-28.11 been Consensus Invest conference (BTC been pumped during that time - dump after event) TA: - notice very strong trend channel of entire correction since 6300$ - two gann fans supporting possible outcomes - RSI bearish divergences - RSI bearish historical resistance - Stoch turning down - EMA100 (2H) on the top of channel - 4180$ - EMA10 (1D) on higher line of the top of the trend channel - 4410$ - EMA10 crossing down EMA100 on 1W - already 2x 4D 10h intervals before falling Conclusion: - BTC and other markets been artificially pumped pre event this week, and my expectation is that they will dump right before. - One exception here is Consensus event that was known to pump crypto during entire conference of Consensus conference editions. - BTC could break higher of course eg. as Gann fan indicating 5.1k till Friday, though I am not really TA enthusiast after all I wrote. Was looking to support my FA and price action bias, to be precise.
BITMEX:BTCUSD.PShort
by sdzd1234
BTC - POST G20 ANALYSISGood day everyone and welcome to the post G20 analysis on Bitcoin! Let’s start by having a mini recap on what happened the past couple of days. On March 18th we continued to decline towards the start of the previous wave (1) in a descending wedge pattern. We hit the bottom of the wedge then BOOM, bulls were back on the scene! FSB brought out a statement saying they do not consider regulations on crypto necessary at this moment in time and we burst above the descending wedge. Then we approached our dashed resistance line (formed from the ATH) where we hesitated but, of course, bulls followed through. Today, the G20 summit comes to an end and there is a somewhat positive outcome for Crypto Heads. We escaped regulation for now and crypto highlights the flaws in the financial system. In regards to regulation, a review on crypto-assets (as they call it now) is to be completed in July 2018 to see what is needed. Then we will be going through a similar sense of anticipation as we did for G20 Argentina but, for now, bulls will be spurred by the positive outcome from the past two days. Now let’s look at price action. Since the break from the descending wedge we’ve had three days of strong bullish action. We formed a higher high, broke the dashed resistance line and are heading into the territory of blue 38.2 - 50% retracement of the previous wave (2). The RSI and Stochastics show us a pull back is imminent and these retracement levels are likely levels to pull back from, $9300 being a level we have bounced off 6 times since December. If the 50 EMA acts as support for the pull back, we should be able to keep the momentum going and touch the dotted resistance line in wave 5. This move could be reversed if we break below the dashed resistance line again but the odds favour the bulls now! If were to break below this resistance, it would increase the chances of retesting the support area and that is where sparks will fly! For now, let’s see how far into this blue retracement zone we can go! Good luck trading guys! Thank you for taking your time to read this! Please feel free to comment or ask questions. If you feel like this added value to you then please give it a like/give me a follow! You can follow me through this link -> www.tradingview.com
Long
by JoshThomas04
9
BTC - G20 SUMMIT SUMMARYTension is in the air. Anticipation is through the roof and Bitcoin is free falling! Well it was, before my idea got taken down. Lucky for me, now I can rewrite my idea knowing that we've just broke above the black resistance line! However we shouldn't get too excited just yet. We have the strong dark red dashed resistance line to get through first and then I will be long on Bitcoin! Before that though we have the upcoming G20 summit so who knows what could happen next! I think now is a great time to step back and watch this blockbuster from the comfort of our computer screens. While we wait for the show to start, we should pay attention to market sentiment, find the key areas of importance and plan for each event so no matter what happens, we will crush it! Let's do this! Market Sentiment Considering we have had a strong break above this wedge pattern, all we need a catalyst to really get this bad boy going. At this summit tomorrow there will be discussion of everything BLOCKCHAIN and CRYPTO. Blockchain is a part of crypto, not the other way round, so they will be separated in these discussions and there are a number of countries that are pro-blockchain and anti-crypto. I expect there to be positive and negative news for crypto and something that is inevitable is regulation. It will probably hurt in the short term but will make crypto stronger later on. Even if the overall reception is 'not bad', I think the crypto community will take it as a plus! We are an optimistic space! However, nobody knows what exactly will happen. I’m going to be listening closely and tweeting as much information as possible. Key Areas of Importance Since the bull trap just above the dark red dashed resistance line, we have formed a descending wedge pattern. While retracing towards the support zone, we managed to break upwards from the pattern! The dark red dashed resistance line is the next important level to break. Once we have broke this, there is a high probability we will be going up from here. A Plan For Each Event Now the bulls have got their act together and ended wave - e once and for all, we could be forming the perfect bullish scenario. If we break the dark red dashed resistance line and hold prices above here, we could enter a long trade knowing there is a high probability we will succeed. We would be trading the reversal on the right side of the market because of the support zone on the chart (remember: long-term, this has always been a bull market) and if news from the G20 summit supports the bulls then we could see explosive action upwards from here. Also, we have the divergence on the RSI for three lows! I will try to catch the break of the dark red dashed resistance line, if it’s too late then I will wait for a pull back. If the market doesn’t break the next resistance and goes sideways then I will wait for support and resistance to form before taking action as we may be entering a less volatile phase. If we don't break the resistance and we fall back towards the support zone then I will be monitoring how the market acts at these levels as a strong break down could keep us in a bearish market for a good amount of time longer. In such case I would be short, short, short! Thank you for taking you time to read this! Please feel free to comment or ask questions. If you feel like this added value to you then please give it a like/give me a follow! You can follow me through this link -> www.tradingview.com
by JoshThomas04
37
BTCUSD bullish view Hi all, This is my bullish view on BTCUSD, if you count the last time we went out of the channel as start of the that big pump that went to aprox. 20k then 6k is the 0.618 fib retracement. I'm bullish because this is a important buy zone for traders, after this dump we got a double top with almost 18% decline (absolutely normal, finvids.com ; see adam and eve double top) + the last dump went to 7310 meaning we got a HL. This + the divergenge (MACD, RSI). Now we got a symmetrical triangle ( finvids.com ) meaning the breakout will probably be the same as it was entering the triangle (Sidenote: Kirkpatrick and Dahlquist state that symmetrical triangles breakout to the upside 54% of the time and these breakouts average about 73%-75% of the way into the triangle (the base, or left side of triangle, would be considered 0% and the apex, or right side of triangle, would be considered 100%) and that increasing volume on the breakout is associated with better performance of the symmetrical triangle pattern (2010, p. 318).) . Next is breaking the downward trend with some big volume (long term trend, black) and after that the second downward trend (mid term trend, blue), though i except a retracement at the second downward trend but i don't have a glass ball and i'm not gonna predict the future. Sidenote : Hopefully G20 creates some bullish momentum Trade safely
BITMEX:BTCUSD.PLong
by Zwaarie
Massive bullish volume spike signals breakoutSo the bull in bears clothing (the descending wedge cloaked inside the head and shoulders) just let the bulls lose and we have massive volume spike to confirm the breakout above the purple descending wedge. Based on the angle and height of the wedge we have a projected price target ofm 9600....normally I wait for a second 4 hour candle to close before confirming a wedge breakout but because we have such a huge volume spike alreay and already an apparent good news story from the g20 about them not being a risk, I think it's safe to go ahead and assume this one is a confirmed bullish breakout above the descending wedge pattern....here is the story from the g20: www.express.co.uk while we can definitely reach 9600, be on the lookout for further news releases on the g20 throughout tomorrow to give you signals on whether or not any FUD will be projected to cause any dips but I have a feeling the overall sentiment is going to be good a bullish for the market....this is only my personal opinion and of course not financial advice. In the same way that the inverted head and shoulders tried to pull a fake out...so too has the regular head and shoulders.
BITFINEX:BTCUSDLong
by DrDovetail