Market
Bitcoin Reversal Signal on WEEKLYLooking at the weekly chart we can see that bitcoin is printing a major weekly bullish divergence on the RSI.
There is a good chance that BTC will respond to this and make room for a rally to atleast 28k.
It's possible that we still make lower lows later, but for now I think BTC has a good chance to go up first to play out this weekly divergence
Bitcoin Harmonic Chart PatternBTC has been looking upside for some time now. However, it's been selling off hard now, the bottom support line has held several times, so it will be key that it holds. If BTC falls through the support, I have my sights set at $14,500 to $15,500. Now BTC Bullish targeting these levels.
₿itcoin / Welcome back 🤝 / CommerciumHispanus🌎 "Soros taught me that you have to visualize the situation in months, and whatever it is, the price will be there, don't focus on where it is today."
-Stanley Druckenmiller.
MACRO CONDITIONS
• China: Stimulus, +production, reduces anticovid measures.
• FED goes up, but the pace goes down: Goldman Sachs forecasts 50bp in December, and 25bp in Feb/Mar/May.
• The bet: JP Morgan: “3 more increases and pause at 5%”.
• Bullard from the FED: “5% / 5.25%”.
• European Central Bank: “The risks to the financial stability of the Eurozone increase as the economy heads towards a probable recession, so any reduction in ECB bond holdings will probably be gradual in order to maintain calm in the markets".
• An agreement: The director of the International Monetary Fund, Kristalina Georgieva, asks the central banks to calibrate the rhythm of their interest rate increases to avoid indirect effects in other countries.
CYCLE OF THE CRIPTOMARKET
• Average: 200 periods (Market consensus) very far from price.
• Elliot: suggests development or end of wave 5.
• Oscillators: Multiple Regular and Hidden Bullish Divergences.
• Wyckoff: current market condition suggests SC / SP (See scheme+Coinbase/Bitfinex Volume).
• Dominance: BTC .D is still low, but usually rises in times of depression, you should not focus on overpriced coins vs. Bitcoin.
• This will be an era where education on the preservation of private keys and full control of coins will be promoted (Consequence of FTX/3AC/CELSIUS cases)
The capital feels very comfortable today, according to macro conditions, the crypto market and its cycle, I expect relief for Q2/Q3 2023.
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To enter the market you must have:
Strategy
market vision
Domain of emotions
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quality tools
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Ignacio - 🌎 Commercium Hispanus
***Cryptocurrency trading is subject to high market risk. Carry out your operations with caution. I always do my best to choose high quality coins, but I will not be responsible for your trading losses.***
BAL/USDT 1D. Balancer. Interesant moneten.Baal was a title and honorific meaning "owner", "lord" in the Northwest Semitic languages spoken in the Levant during antiquity. From its use among people, it came to be applied to gods. Definition from Wiki.
Interesting coin, named after a god. Pay attention to the volume coming in(shown on the chart).
In the secondary trend the downtrend has formed(red line on chart). The price is currently under the support(yellow line). Now it acts as resistance.
Locally some form of triangle forming(the price is tightening). As the classic for the alts the target may be aroung 180%.
Also pay attention to the current zone - it's 666 zone(6.66). Taking in consideration the big volume spikes(and price spikes) we can see a good move forward.
CHAINLINK IS SHOCKING!!!The current ChainLink price analysis is optimistic.
At $7.5 there is the most opposition.
The price of $6.6 has the most robust support.
The market is moving upward and gaining pace as of November 27, 2022, according to ChainLink pricing research, which is encouraging for the LINK market. Over the previous few hours, ChainLink's price has stayed bearish. The cost rose from $7 to $7.4 on November 26, 2022. However, the market quickly gained more worth and expanded in value. In addition, ChainLink rose and trades at $7.1, just shy of $7.5.
ChainLink is currently trading for $7.1 with a $349,849,723 trading volume. In the past 24 hours, Chainlink has increased by 3.53%. Currently ranked #21 with a live market cap of $3,609,813,927, ChainLink is a company.
short entry with limit order on an areas of OB and OFhello guys I wish you the best.
i had an opportunity to enter with limit order in the direction of the institutional foot print therfore I just set and forget with the SL and TP about a day before market give me the opportunity to be a part of it. now I just chill and look at it .
cheers 🥂.
2 Simple modules to pass FTMO ChallengeThese are the two types of entry modules that can be used across any market to take low risk high rewards trade. Pay close attention to annotations made. First High / Low acts as a trap for early sellers or buyers as this point is used to create liquidity for the market makers. Market makers sweeps this liquidity and mitigates extreme POI like orderblocks etc. and thus finally the banks load their short orders/long orders to break the structure.
TRUE STRUCTURE MAPPING AVAILABLE ON OUR YT CHANNEL. DO WATCH THAT VIDEO TO KNOW HOW REALLY MARKET STRUCTURE IS REALLY MAPPED AND DON'T FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL
Happy Trading
-Team Lamda
Key to unlock the true market structure!!!Have you been struggling with marking market structure? You may have come across many Youtubers who aim to teach the market structure, but in a very wrong manner either by taking fibonacci tool or by discretion. This Video can be an eye opener for you all who are struggling in marking valid market structure.
Market structure is the backbone for every other SMC concepts. Without market structure there will be no orderblocks, breakers etc. Even if you are a beginner in market structure, that is much better since you won't be acquiring the wrong knowledge in the 1st hand.
So are you ready to uncover the real mechanical market structure?
Video will be uploaded on YT at 6:30AM GMT on 25th November 2022
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Happy Trading!!!
-Team Lamda
SPX downsideIf this continues to act the way it has been, this rally might be nearly over.. probably safe to start shorting soon on the SPX
I have already begun at 4004 picking up shorts and willingly ready for another 100 points with long term view of being further downside and higher reward to downside than upside currently.
Market Bias & Top Stock Watches - 11/22/2022Bias: Bullish (grinder).
Top Watches: Long - AEO, BBY, CSIQ, KHC. Short - MDT, ROL, ZM, BX.
Follow my page for daily review/bias of the market and top stock watches for day trading every morning!
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