LONG
EURGBP: Bullish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURGBP chart which, if analyzed properly, clearly points in the upward direction.
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BTC USD UpdateCruising in the recent range with a low of 55534.41, as long as this low is in place and not broken, we are bullish. It's price has had a few scalps for me, but nothing interesting to trade as a swing trade. I have marked my magnets of areas of interest. So, I'm targeting lows and then the high of my 4h Neg OB just hanging there. Let's see what market makers will give us. I'll keep posting if something I like.
My New Signal Strategy Has 100% Accuracy!Traders,
This is insane! My jaw literally dropped when I back-tested my new signal strategy. While I was playing around on the charts, as I do, with a couple of different indicators, by sheer chance I discovered a combination of indicators that I had never seen or heard any trader ever discuss. I had seen them discussed individually. But no one that I know has ever paired the two indicators. And while I was tracking the signals that they threw at me after some customization, I noticed something that I could not believe! In back-testing the combination on a daily basis, they showed 100% accuracy on Bitcoin for the last 2 years! I repeat 100%!
Now, I know my critics will be quick to point out that many indicators will repaint. And yes, this is true. My indicator system does also repaint. However, even with the repainting, the system still can be utilized with a +90-95% success rate pending assets.
This is why I have told all of my subscribers that I am completely ditching my old model of trading which involved an abundance of work analyzing, drawing levels, drawing trend lines, drawing patterns, and other manual activities. I will throw all of that away and replace it with this new signal model and I plan to implement this model completely starting in October.
But before then, I have a little work to do and so I wanted to at least give you all (especially my faithful paid subs ...love you guys!) a sneak peek of what I am looking at.
So, here it is.
The green vertical lines show us where we receive our buy signal. The red vertical lines show us where we are told to sell. In this example, I go one year back to September of 23 but you can go all the way back to September of 22 and still see 100% signal accuracy. I did not track it farther back than this. I am already ecstatic to have found this kind of success rate!
I also tracked the time between trades. We start with our longest trade entry on September 12th, 2023. That's held for 103 days until we are given a SELL signal indicated by the vertical red line. At that point, we can go short or just sit the sidelines. It is another 33 days until we are given a BUY. You get the idea.
The average time per trade is definitely longer than our current average of 15 days. But will you all mind with this kind of success? I am assuming not.
One more thing to note and something I think is cool is that the indicator often gives 2 or more chances to buy or sell. This means that if you follow my channel and miss a signal immediately, that may be okay. You might actually have a second chance for entry such as most recently with Bitcoin. It has given us two chances to BUY thus far since August. And yes, I just gave away a free signal.
You're welcome.
Can't wait to implement this system ya'll. Hope you'll be as excited as I am rn once we work out a few of the wrinkles.
More to come.
Stew
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄
Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.
Let's see if we can get it right again!
Bitcoin can grow to 63K points exiting a pennant patternHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago started to grow inside the upward channel, where it in a short time rose to a resistance level, which coincided with the seller zone. Soon, BTC broke this level and rose to the resistance line of the channel, thereby later exiting from it and then turning around and starting to decline inside the pennant. In this pattern, BTC at once fell to the 61000 level, broke it again, and later continued to decline next to the support level, which coincided with the buyer zone. Later, the price broke this level and fell to the support line of the pennant pattern, after which at once started to move up and soon broke the 56100 level one more time. Next, the price continued to grow and reached the resistance line of the pennant, but recently it rolled down a little below and now trades near this line. So, in my opinion, BTC can correct to support line of pennant and then start to grow to a resistance level, thereby leaving this pattern. When the price reaches the 61000 level, it can break it and then continue to move up. For this case, I set my TP at 63000 points. Please share this idea with your friends and click Boost 🚀
16/09/24 Weekly outlookLast weeks high: $60,638.89
Last weeks low: $54,371.86
Midpoint: 57,505.38
Bitcoins price action mirrored that of the week that proceeded it, with a steady climb from the start of the week, peaking on Friday close, witha weekend sell off to end the week. Looking at the chart the Midpoint needs to hold if there is a chance of continuing the rally beyond $60,000. I could see price action being nervy until the FOMC in midweek.
Last week we saw BTC go through multiple news events such as CPI, PPI in the US but also the ECB rate cut decision. The European central bank cut the interest rate from 4.25% to 3.65%, a cut of 60bps.
This news has flown under the radar in my opinion, not many people are reporting on it could play a part in the FEDs decision on Wednesday. So far the rate cut looks to be a 25bps reduction from 5.50% to 5.25%. That leaves the US significantly higher than Europe and so in theory Europe would have the opportunity to be more risk-on than America as credit is cheaper.
I would think that the US wouldn't like this and would seek to do something about it, that something would be a bigger cut, a 50bps cut closer to the ECB would bring the US more inline. Naturally this being the beginning of the rate cut cycle it's a marathon not a sprint and although the ECB started out strong the cuts may taper off sooner than the US, that's a whole different story but for this week this is the big focus.
DXY Will Go Up From Support! Buy!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 100.844.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Will Go Higher! Long!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,585.002.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.112.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.119 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CHF/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 168.925 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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XLM (Stellar) is looking very good in the short, and long term!XLM is creating a very nice-looking chart and could be preparing to appreciate significantly in the coming months or years. The longer-term aspect clearly shows that it’s trading towards the bottom of the current range and could be a very good buy at or below current levels.
Good luck, and always use a stop loss!
USDJPY Breakout And Potential RetraceHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 140.400 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 140.400 support and resistance zone.
Trade safe, Joe.
USDT Market cap & Bitcoin Price Update"$15k to $74k"...In this bitcoin rally, market dumped total 5 times 📉
But every time the CRYPTOCAP:USDT market cap is just going UP📈 Whales are pumping market by buying every dip🚀
After touching $74K, btc price dumped -32% but USDT Market cap pumped almost +16%
It indicates that usdt is printed daily to buy the dips!
pbs.twimg.com
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2017 : USDT MCAP 1.4B - BTC ATH 20K
2021 : USDT MCAP 82B - BTC ATH 69K
2024 : USDT MCAP is now 118B - BTC Price is $60K
USDT pumped +44% but btc still below previous ATH
The Bull Run is not over!
pbs.twimg.com
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Thanks
cnb006
NZDUSD Sellers In Panic! BUY!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.6116 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6189
Recommended Stop Loss - 0.6074
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
NAS100 Is Bullish! Buy!
Here is our detailed technical review for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 19,484.5.
Considering the today's price action, probabilities will be high to see a movement to 19,918.5.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on GBP/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 192.547.
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