Market
DXY - wide scenarioThe shallowness in the market corresponds to the movements of the dollar, which keeps valuations from mainly consolidating templates.
Due to the current situations in European countries and the increasing turmoil in the US. It may introduce a slight mix in the currency, crypto and commodity markets.
In the event that the US maintains its position and the rest of the mid-sized countries fall into economic problems then we could see relative to the scenarios presented on the chart an exit at the top and gain dollar dominance in the global market.
The second option is to carry this forward in time, consolidate the current movement beforehand and then build a formation that will kick this upward.
Follow the trend and react accordingly. The market could be crazy by the end of the year....
Tesla holds Bitcoin worth $222BTL;DR Breakdown
Tesla has stayed one of the biggest Bitcoin financial backers as it has shared its Bitcoin worth in SEC documenting.
It had sold 75% of its Bitcoin possessions as of late, impressively diminishing it.
As per the SEC recording, Tesla holds Bitcoin worth $222 billion.
Tesla CEO Elon Musk has been one of the principal reasons Bitcoin saw an enormous worth expansion lately. However, Musk's relationship with Bitcoin didn't go on as he declared his help for Dogecoin. The progressions have impacted Bitcoin speculations due to its utilization. These progressions have come about because of the referenced organization's no more acknowledgment of Bitcoin. All things being equal, it has reported help for DOGE and its utilization to buy stock and different items.
As of late, a similar organization declared the offer of its Bitcoin speculations. As indicated by the authoritative declaration, it has sold over 75% of its Bitcoin possessions. Numerous experts were pondering about their Bitcoin possessions after this impressive decline. A new SEC documenting has unveiled the subtleties of the amount BTC it claims.
Here is a short outline of the subtleties of Tesla's SEC recording and its Bitcoin worth.
Tesla and its Bitcoin speculations
Tesla had made news in view of its extraordinary interest in Bitcoin. As per its true declaration, it had put $1.5 billion in Bitcoin in February 2021. The outcome was a flood of Bitcoin requests, raising its cost esteem. The flood for Bitcoin went on till the end quarter of 2021 when it approached the $70K mark. The next months saw changes in its worth as the market stayed unsound.
The last blow came from a downturn because of the international circumstance, making a financial emergency. From that point forward, Tesla has seen an impressive lessening in the worth of its Bitcoin speculations. The outcome was a choice to off-stack this weight as it could cost more as the financial circumstance declined. The over-half fall in Bitcoin esteem recommends that the vehicle-making organization has lost an impressive sum.
As it of late offered Bitcoin because of the negative market, it made $936 million in government-issued money. Musk's choice to sell Bitcoin has been one of the primary reasons virtual entertainment clients have rushed to crypto ventures. Some even named it a double-crossing as he left the market however he was the person who pulled in financial backers.
The new offer of Bitcoin and its ongoing worth
Tesla has documented its subsequent quarter (Q2) report to the Securities and Exchange Commission. The report shares the total subtleties of its Bitcoin action. As per the report, Tesla is said to have lost $170 billion because of market changes. While it had the option to make gains of $64 billion on its sure changes of Bitcoin to government-issued money. It had bought Bitcoin at $32K while selling a portion of its possessions in Q1 of 2021.
Tesla has said that it holds other advanced resources other than Bitcoin. However it hasn't named the resources it holds, it has acknowledged that it holds DOGE. Tesla's conveying worth of computerized resources is about $218 billion. Bitcoin esteem has vacillated throughout the previous few weeks, and the worth of these advanced resource properties could have expanded.
Musk had said in an explanation that the justification for their offer of Bitcoin was China's Covid lockdowns. Likewise, he said that they hadn't sold their Dogecoin property. The ongoing circumstance will lastingly affect Bitcoin, as it saw when Tesla bought a colossal measure of Bitcoin.
End
Tesla, the vehicle-making organization, has uncovered its Bitcoin possessions in a new SEC documenting. It shared the subtleties of the computerized resource possessions in the Q2 report. The subtleties show that it has Bitcoin property worth $222 billion. It shows that the organization is yet a critical investor in Bitcoin. While it additionally has other computerized resources that are not determined in the report.
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SPY - FED tomorrowSPY continues to stand in the big flag, at the top of it.
We don't look weak so far (at least until the 390 level), and we're still standing at 50EMA.
But honestly, I think we need a pullback to continue moving up.
We wait for the FED and I advise you not to trade much yet - be watchers for a couple of days!
Nasdaq100 26 July 2022 Bearish IdeaPrice has reached areas of rebalancing creating short term swings as well as running liquidity pools usidng market correlation markets show a potential volatile week as well as confluencing short term moves.
Pleas like and follow if idea was of use and i would like to hear yor views 2.
GOLD - long term AT
The situation may take a strange turn, we need to follow the news.... The first inflammatory news is behind us, which caused this decline. The next one may just be a chain reaction....
The defense of this triangle formation may also cause a spring-test and a slow upward move in 2023-2024
Bitcoin - a short, medium and long view in outlookBitcoin has lost a critical local support zone, also coinciding with the loss of the lower pivot in the local downtrend (1H).
At 4-hour levels, the bearish channel that has formed and the rejection at the top of the bullish channel can be seen even better.
In the daily scenario we continue to hold the bearish channel with a re-entry and rebound that could swing the price back between $22,000 and $20,000.
A clear entry point is yet to be established, and we expect high volatility dependent on financial markets. If these pick up, we can get a short target with entry at $28,000.
In the event that the stock market is more affected in the short term, the support of $20,000 and $18,000 could be in danger, since a double top pattern on historical highs has been completed, whose projection could take the price of Bitcoin to $14,000.
SPY - New Trading Week ReviewHappy new trading week to everyone!
What do we see in the early hours of the Monday morning?
I still want to look at this setup as a flag.
We saw a logical red candle on Friday, which allowed us to move a little bit away from the overbought zone.
What should we expect from the market this week?
At this point, I would pay attention to several markers:
1) The upper channel border.
2) The 385-390 zone, as support for staying bullish .
3) Being above 50EMA as an additional sign of strength.
I am more expecting a pullback to the 385-390 zone, after which we will get stronger to go up and already after that to get above 50EMA.
GOLD July W.4: Short-term trend alertHi friends, I hope y'all had a fantastic weekend ;)
Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed.
Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal".
Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade.
This is not financial advice, but if you interested in taking these trades with me, these are their signals:
BUY E.1@: 1728.48
Lot Size: 0.07
S.L @: 1720.28 (-0.43%)
T.P 4@: 1787.49 (+3.14%)
R/R/R: 1:4
BUY E.2@: 1741.00
Lot Size: 0.07
S.L @: 1732.37 (-0.46%)
T.P 3@: 1787.49 (+2.47%)
R/R/R: 1:3
To successfully manage the trades in cutting their loss short, follow this strategy:
-If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1)
-If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2)
To successfully manage the trades in letting the profits run, follow this strategy:
-If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1)
-If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2)
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
BTC - Make or... Break!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were waiting for a break either upward or downward of the range.
BTC broke the range upward, NOW WHAT?
We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.
If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.
unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SPY Bear Flag?For the last few days, the SPY has been showing an upmove.
I see something like a Bear Flag.
That doesn't mean we should expect a short in the big picture, but we are near the upper border of the channel and we are also quite overbought.
Let's watch, I would expect at least a pullback to the middle of the channel.
Maybe for the short term, it would be interesting!
Ethereum (ETH) - 21/7/2022 ideaMarket is currently in process of correction from that huge rally we had during the past week or so.
1250 level on ETH is very important for buyers to defend as it is where we broke out from and was previous heavy resistance,
under that level we're entering heavy bear territory which would lead us to somewhere between $500-600 where I think we will potentially see a macro bottom for ETH.
I believe that the bullish scenario is more likely as market didn't have time to catch this rally, thus 1250 should act as a strong buy zone.
SPY repeats 2007Guys, it's hard not to notice how similar the 2007 AMEX:SPY chart is to our current 2022.
Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!"
But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture.
Conclusion:
- Will I trade SPY trying to repeat the 2007 chart?
No, I would not.
- Is it worth using this as an additional variable in decision making?
I don't know, let everyone decide for themselves.
- Does this similarity mean that further action will be the same?
No, 100% it does not.
$SPY the outlook 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Recap: Bitcoin along with the US market should take a decent hit sometime this week due to the continuation of strength in the US dollar. Bear-Index's, the dollar, and energy appear to be where the money will be flowing during this period if this does play out. This would lead to a temporary slowdown in the growing Chinese economy and allow it to retest support.
What's neat about this chart is that everything besides the arrow and the text was done months ago. It's really neat whenever our previous works help us determine the possible trajectory of the market.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Tesla TSLA - Not a BEAR PENNANT.I'm a little upset to see ideas like "TSLA is a bear pennant."
Honestly, TSLA is a strong stock, the market is giving signs that the bear market has slowed, which means we are potentially preparing for a reversal.
So here's the question - would you really want to trade BEAR PENNANT in a strong stock in a bull market?
Tip:
You will trade better if you use more than just patterns from the internet!
Translated with www.DeepL.com (free version)
Amazon Wyckoff SetupInstitutional Selling presents itself as wyckoff in Amazon. There was institutional selling as short profit taking and then institutional buying as there was anticipation for higher prices. However, there must have been bad news--bearish anticipation as we approached July and October, because we failed to commit outside of the range we were in. This brings us to a new idea.
Higher prices does not mean bullish outcomes.
many retail traders, dumb money, poor traders will enter trade positions into the tops of the range ( trust me, there are a few who enter BIG). thus, all along it was a bull trap, the beginning of the end. As a sidenote, for those who use wyckoff, it is absolutely necessary to confirm phases from other phases. This is how your precision is increased. Phase c is the hardest to confirm. with other confirmations though, you are able to improve your accuracy.
GBPUSD TREND BREAKPair: GBPUSD
Timeframe: 4H
Analysis: Round number level, Strong support, volume profile, Currency strength index, trend line, trend break
Key Takeaway: Close above two trend lines, resistance and round number level
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Level needed: Need to see price hit 1.20190
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Trade: Long
RISK:REWARD : 1:7
SL: -36
TP: +268
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION