Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
J-DXY
Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
FOMC minutes to weigh on elevated DXY?The FOMC kept the door open for the possibility of additional rate hikes in July following its last decision to hike. While the Fed prefers to retain optionality, some expect that July's was the last rate hike of the tightening cycle. If the minutes reflect policy discussions among Fed officials are entertaining the possibility of pausing going forward, then with the DXY that is pretty elevated on hawkish sentiment, will it flip today?
Here's my line. When pullback bottom is confirmed, re-enter.Traders,
It's been a few weeks since I have done a video update. Hopefully, you all have been following my non-video posts too. I have been making regular posts in attempts to keep you all up to speed on the latest market price action.
In this video, I will show you the line that caused me to sell. This does not mean I have now gone bearish on the market. On the contrary, I am still overall bullish longer term. However, the market is definitely experiencing a bit of a pullback here due to some new inflation data causing more uncertainty. Once this pullback has confirmed a bottom, I will once again look to re-enter my longs. I will show you some of the levels I am targeting on Bitcoin, Litecoin, and Ripple near the end of the video.
Best,
Stew
Strifor || Education: Break LevelHello traders❗️ This is Viktor and Strifor team❗️ We welcome you to our learning content, where we briefly talk about the main things and learn how to apply our knowledge in practical trading.
The topic of today's lesson is Break Level . So, let's see what it is☝️
❗️To get know more about levels support this video with a like and a comment, follow us and trade with us👍🚀
Look at the futures market open post NFP Miss. A short look across major futures markets after we have an NFP Miss
Linking Time with Price LevelThe relationship between time and price level can be observed through the analysis of price charts and technical indicators. Technical analysis involves the use of charts and indicators to identify patterns and trends in price movements. One important aspect of technical analysis is the identification of support and resistance levels, which can help traders make decisions about when to buy or sell a particular asset.
Technical indicators can also be used to analyze the relationship between price and time. For example, moving averages can be used to identify trends in price movements over a specific period of time. The slope of the moving average can indicate the strength of the trend, while the distance between the price and the moving average can indicate the level of deviation from the trend.
In addition to technical indicators, traders also use fundamental analysis to assess the relationship between time and price level. Fundamental analysis involves the study of economic and financial data to identify factors that can influence the price of an asset. For example, changes in interest rates, inflation, and political events can all have an impact on the price of an asset over time.
To summarize, the relationship between time and price level is complex and multifaceted. Traders use a variety of tools and techniques to analyze this relationship, including technical indicators, charts, and fundamental analysis. By understanding the relationship between time and price level, traders can make more informed decisions about when to buy or sell a particular asset.
Regarding the development of price ratios, the expected price level and the expected price movement for the wave can be determined by analyzing technical indicators such as Relative Strength Index (RSI) and Price Oscillator. The RSI can be used to identify the overbought and oversold conditions of an asset, while the Price Oscillator can indicate the strength of the trend. By analyzing these indicators, traders can develop price ratios and make informed decisions about when to enter or exit a trade.
Finally, it's important to note that the relationship between price and time is not always straightforward. While technical analysis and fundamental analysis can provide valuable insights, they are not foolproof. Traders need to be aware of the limitations of these tools and use them in conjunction with other forms of analysis and risk management strategies.
EURUSD ain't coming down YET!In this idea- I show you how my Sniper Trading system works- in confluence witn the bias of the day. Also in this idea is crucial Market mechanics and Mindset that you can use and apply and leverage in the markets daily. Included is very High level trading Information that NOBODY else is teaching you: probably because THEY DON'T KNOW or want to keep you dependent. I want you to become independent and successful, complete Profitable Trader in the markets. That's why I share the invaluable knowledge that I KNOW.
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Mentorship.
🔥UPDATED: DXY 🔥 CURVE ANALYSIS 🔥 BIG PICTURE 🔥SLO2 @ 117.60 ⏳
SLO1 @ 112.85 📉 +9658 pips or +8.56%
TP1 @ 103.75 (shaving 25%) 💰
TP2 @ 96.00 (shaving 25%)
TP3 @ 90.35 (shaving 25%)
TP4 @ 81.60 (closing ALL Sell Orders)
BSO @ 79.50 ⏳
BLO @ 74.40 ⏳
ADDITIONAL INFO:
💰 TP1 was triggered for a profit of +9100 pips or +8.06%
🤑 Net Equity is @ +9658 pips or +8.56%
📉 The Big Picture Curve Analysis is a downtrend
📈 Oscillators are signaling NEUTRAL, while the Moving Averages are signaling to BUY. This would indicate one of two outcomes:
— consolidation, with an uptrend bias (high probability)
— ranging, in preparation to reverse (possibility)
Regardless, of the outcome most of our positions are based on the PA of DXY being in a DT, so be sure and protect your capital.
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CPI, DXY, VIX Down. Stocks Up! Blowoff Top Underway!Traders,
The big news this week was that inflation is now just under 3 percent! This is hugely bullish as any further certainty as to what actions the FED will take in the future only aids in investing confidence. Along with this news, we will cover the dollar decline, VIX 2-year low levels, and stocks beginning to break out even further, confirming my long-held blowoff top theory.
00:00 - CPI, FED rates, Unemployment Rate, DXY, VIX
10:00 - Bitcoin and Crypto