Marketanalysis
Can we expect more inflation? A look US Consumer Price Index.We are living in very uncertain times. I wanted to provide a couple of view in order to understand the current market situation better and determine a strategy going forward.
So I have created a US consumer price indes YOY% chart.
We have not seen such high interest rates since the 1970s when demographics created a demand shock and oil embargos and Iran crisis created a demand shock leading to high inflation.
Today, respectively as a result from 2 years of Covid-19 (measures) and now a war we have seen tremendous supply shock.
Now can we expect the peak of the inflation fear has passed?
Will we see a slow growth and a declining inflation?
Stay tuned for more charts....
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Dash 2 week outlookHello Traders,
Here is a long term chart on DASH, same deal for the colors. Pink we want to stay above, if not, green lines are the points of interest for buying opportunities. Red rays are resistance and white lines are targets when the light blue trend lines are broken.
If you look at the previous run, this all looks very similar to the present run but on a larger scale.
Please leave a comment with your opinion and requests for additional charts.
Savvy
Fil 2 week OutlookHello traders,
Here is a chart on FIl, Possibly one you have yet to see with such old price action. Yet, this as all the rest of the charts become very clear once you zoom out.
Green lines below are supports and areas of interest for buying opportunities. I have changed the support below to pink that we do not want to see the price cross below.
Red ray lines above are resistance and the white lines are targets for price action if the price breaks above the white trend lines holding the price action currently.
Savvy
What Is Next for GOLD: Could We See It Rallying Again ? 📈1- Market Overview:
As it is clear from the screenshot above the market is moving upward where the price managed to break a series of highs month after month. The rally started in December 2021 and then a huge drop was left on March 22nd to the 1900 USD mark. From this zone, Gold failed to break the previous high around the 2000 USD mark and posted a lower high showing weakness from the buyer’s side.
2- Long Scenario:
The long scenario is our most likely scenario for this analysis since the market is traded to the upside, the odds of a long trading idea is much more likely to occur. The market as we can see is respecting the bullish trendline and it’s held by the buyers around the 1915 USD support zone. So, what most probably will occur is a move to the upside to test the previous high near the 2000 USD mark and then if the buyers are strong enough, we could see GOLD reaching the previous swing high around the 2071 USD level. However, we must highlight that the price posted a lower high after reaching the 2071 USD mark, which is an indication that the sellers might take control of the market in the coming days. Let’s move to discuss the short scenario where the reversal might occur, and we could see a huge drop in price of GOLD.
3- Short Scenario:
The least likely scenario for this analysis is to see the GOLD reversing and move lower. As we mentioned in the previous paragraph, the yellow commodity posted a lower high which is a weak indication for the buyers. But this doesn’t mean that the market will reverse anytime soon before seeing a certain price action that we are going to discuss now. To see this particular reversal and a move to the downside, we should wait until the market breaks the support level around the 1915 USD mark and close below it. As well, another breakout we wanted to see is a breach of the bullish trendline to the downside. If these two movements occur this will lead to a huge move of the GOLD to the downside all the way to the 1800 USD mark.
Financial Disclaimer:
Please do you own research before investing/trading any asset. This article is for educational purpose. It might help you to have a different view of the market and learn from the way an expert see the market. But at the end you should know which trading ideas fit your personal analysis.
Have a happy trading day. 🙂
Bitcoin Chart Update for upcoming daysI was used bar candle, and took old bars pattern and magically it follows, my expectations was high volume and pumps but not happened but one thing is going well which is it follows the orange lines. Take a look ! I monitoring this chart specially the orange line from starting. Hope you guys got it and Love it.
SPX TA says the market is going to go upThe weekly TA action of spx says the market is going to go up, note the following:
1. T1 area was a test to answer the question, "Should we take the market to 100wk MA?", this was a 4 week test, the answer was NO.
2. Once T1 was answered, the market went to T2 quickly, to answer the questions, "Should we take the market above the 20wk and 50wk MA or should we dump the stock and then dive to the 100wk MA?"
3. Step 2 above hasn't been answered yet, however the trading action, seen on the daily chart along with volume (the daily chart isn't shown), looks real good in the sense that the trading action has been between the 100d, 50d and 20d MA's, i.e. all these MA's are currently acting as strong support........in the manner that one would think a strong MA support should act like.
Given the above, I would say that the market will move up, for spx the next test will be if 4818.62 will be broken to the upside. If 4818.62 is broken we will go up viciously regardless of the crumbling fundamentals of the market, at least to the next market test point. If 4818.62 isn't broken, then the market will dive (likely within 1 week) to test out the 100wk MA to see if it holds.
Range setup for 6th April, Things to know before Opening BellMarket Opening: Flat Negative/Partial Gap down;
Overall Structure: Uprange; Market may take a breath
Sentiments: Neutral (47%);
Market Mood(FGI): 81% Extreme Greed, likely to be turned down;
PCR: 0.92 Neutral, IVP:46%; (indecisive)
Target: 18150, 18250, 18450, 18600;
Stoploss: 17800, 17700, 17600, 17450;
Decision: Sell Below 17850 OR Buy Above 18150 at openings.
Observed Tripple Top, whereas Holding for a Breakdown at 17900.
Probability of pullback to retest at 17600-500.
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*P.S: Identify the B/S zone, Follow the trend direction, Trade after trend confirmation.
We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge purposes only & is subjected to market risk.
USD/CAD: Ascending triangle U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis.
This it's the H4 timeframe panoramic and what Il look because we could to go back to the upside to find up the resistance key at $1.2600 CAD approximately what in the past weeks we forming a consolidation in that zone.
We're in the important reaction that we would to be cautious to trade this par becuase we have chance to going to the upside. As also, we have 2 potential target to reach in this Daily fibonacci at 0.382% and 0.618%.
But we hope this trade to long position following my perspective
I will update this par until break out the $1.2530 CAD, I will put my alarm on this zone.
NVDA Breakout!Looks like we finally have a nice breakout on NVDA. Today we broke trend resistance with above average volume and held over the 200SMA
Being one of the strongest stocks in the market NVDA could see some serious upside if the market decides to rally.
Every $10 will be key levels to wait for a dip and start buying. We could see upwards of $280
Which way will the compressed bitcoin spring open ???Hello dear friends
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Which way will the compressed bitcoin spring open ???
Well, friends, to answer this question, let's go and take a look at our previous analysis.
Please see this
And then see this chart
Well, back to the chart of this analysis
The price in the triangle pattern is squeezing more.
A dynamic resistance line is seen in the price range and a very strong static resistance in the 41K range.
And the bigger trend, which is still negative.
The result is that in my opinion the probability of ascending from this area is not zero, but the probability of descending up to 30K is stronger.
This is an idea, and all ideas in the financial markets are likely to be wrong.
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I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
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Thanks dear friends.
Be generous and rich.
Why are bitcoin fluctuations limited in daily and lower timeframHello dear friends
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Why are bitcoin fluctuations limited in daily and lower timeframe???
We go to the weekly timeframe to find a technical answer.
Well, we can clearly see that the price is trapped in a small range between credible support and resistance, and it is difficult to breathe.
Next question, can this situation be maintained for a long time ???
Well, the fact is that this probability can logically be an option, but our experience in financial markets shows that because the range between levels is very small, this probability will be significantly reduced, and the probability is stronger that in the short term exit the price from the floor or ceiling.
Personally, I know the probability of the price going beyond the ceiling, but I never invest based on this type of probability.
But small trades can be a better option.
Please read the description on the chart carefully.
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I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Bitcoin is thinking of falling more ??Hello dear friends
Bitcoin is thinking of falling more ??
Well, friends, what I see in the Bitcoin short-term chart does not show this.
The price on the one-hour chart is fluctuating in a short-term uptrend. The bottom of this channel is on a valid static support in the range of 41 k. The RSI is out of the sell-off and is trying to break its downtrend line.
Market Summary Now:
As long as the range of this channel is maintained in a short time, my view in this time is upward.
But we must not forget that the trend in daily time is still declining, which means that the uptrend is very fragile and may break the channel floor without introduction, and we will see a decrease in price along the larger trend. Take action.
A larger downtrend can be considered over if the price can stabilize above 46k daily.
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
usdtd breaks its own floor ???
Hello dear friends
usdtd breaks its own floor ???
The chart clearly shows us a shoulder and head pattern, and this pattern is a strong sign that the trend may change when it forms at the end of an uptrend.
As we know, in case of breaking the neckline, the pattern is confirmed.
The general situation of the market is such that one can hope to complete this pattern, and if this event is stabilized, it will be a strong sign to change the overall market trend from the current downtrend to a new uptrend.
I hope you enjoy this analysis and find it useful.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very important
Thanks dear friends.
Be generous and rich.
Bitcoin's Black Swan event brewing?Hello traders,
I have recently been pretty busy with my private group and moving to a new home so I wanted to put an idea that I'd been eying for a few months now. As you can see in the chart here there has been a multi year trend line starting back in 2013 which has acted as support for 9 whole years with multiple touch points highlighted in green along this trend. The Few times that we have broken down from that support has only been due to Black Swan events (A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences.). These Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight like ones listed on the chart.
The first notable of these events is the Bitfinex Flash Crash that happened in August of 2015, followed quickly after by another Bitfinex debauchery in which was just summed up recently due to the arrest of the notorious couple who hacked the exchange for 3.6 billion dollars of Bitcoin at todays prices. The next time this support trend was broken was during the Covid 19 drop and market scare in March of 2020 which unless, you were living under a rock for the past few years, I'm sure this one had some effect in your life in other ways than giving you a fire sale or melting your heart looking at your crypto investment bag during the drop. Now at current date I have been anticipating another Black Swan event, with all of the Geopolitical turmoil we are all watching unfold everyday that passes it seems almost evident. I wont bore you with my opinions or set out that I am keen to what is going to happen as I am not a political consult of any kind and simply just letting you know my opinion that before we continue the massive rush up that I am also anticipating, I believe we may very well likely see another one of these events. It is very important as a trader to have a solid plan for both bearish and bullish price action. If you treat trading as a business you will grow as a trader and your results will most likely follow.
My Plan for this event if this does in fact play.
First, I have been eyeing area's in which bitcoin may fall to. Here are a few Key area's to watch for, the first one is $29k to$30k as this is the next major area of support that bitcoin has below $35k.The second area is between $24k and $25k as in this area on CME:BTC1! is a Gap which do not have to be filled but, most likely do end up getting filled eventually (The gap is the difference between the trading price of a CME bitcoin futures contract when the market closes on Friday and opens on Sunday. The gap occurs because there are no trades between the closing period on Friday and the opening on Sunday. The gap can also occur during holidays when the CME is closed.) The last area I am eying is between $19k and $20k as this is a major support area for Bitcoin ranging all the way back to 2017 in the previous run.
I currently have limit buy orders in these areas and on a few lower supports on some alt coins that I think will do well the rest of the year. So basically averaging in on the way down if we do in fact have another event like this.
On the flip side, it is quite possible that no such event occurs and we continue on with this run shooting up through the shorts that have been stacking up above current price action at $40k. With the probability of Russia being removed from the global Swift Payment system and most likely turning to cryptocurrencies to do commerce moving forward we could see a large influx of crypto users from both Ukraine and Russia over this conflict that has been unfolding. Not to detour too fat from BTC but, this is one of the predominant reasons that I am so bullish on XRP and other such coins that could take the place of the current medium of trade used within these regions.
Regardless, I am very interested in hearing your opinions in the comments below. I am from Michigan in the United States, near Detroit Motor City, In a world full of conflict between others, lets share something positive amongst each other and connect as likeminded individuals which this platform allows us to do.
Until next time, Have a GREEN week!
Savvy
Emini S&P 500 (ESH2022) *Entry*Lows Were Swept from the previous *Prediction* Analysis and as I anticipated. There was a swing high that was formed at around 9:00 am LA Time which got broken causing an ICT Market shift Model where I took an Entry at the lowest Fair Value Gap and Stop loss Just below the candle. I will be Targeting the Redlivered Rebalance and will keep you updated...
I will be following These Rules.
Trading Rules for ESH2022:
Take 50% partials at 1R
Move SL to Entry at 1.5R
At 1-3 RR Close 90%
Let Rest run to TP or Break even
Emini S&P 500 (ESH2022) *Prediction*Thursday Feb 17 (2022) (4H TF)
I’m Anticipating that price will sweep the Low For Sell Side Liquidity and possibly Perform an ICT Market shift Model that can give me a Long Position Targeting the Intermediate highs and possibly Filling Redelivered Rebalance with Final TP being Equal highs/ Buy Stops at Top. Will Update The before Entry and After Entry soon....
The rotation from MegaCaps to SmallCaps is in FULL swing.Disclaimer: This chart shows how Non-Nasdaq100 Companies have fared vs Nasdaq100 Companies. I personally interpret this as the "SmallCap vs MegaCap Index".
The recent days have been incredible. We're witnessing the probably strongest rotation from MegaCaps to SmallCaps the market has ever seen. 🙌
As some of you might now from my previous ideas - we've been in a bear market for a year , starting on February 11 2021:
That bear market seems to be at an end now while the bear market for MegaCaps is just getting started 🐻.
Trial number 3 seems to be successful - other's have miserably failed, like this one in August:
While MegaCaps have tanked, normal stocks have rallied 🚀:
Disclaimer: The chart you can see above is the Nasdaq Composite Index ( IXIQ ) cleaned of Nasdaq100 companies (to the best of my knowledge).
It's definitely a good time to be out of ETF's and be in individual stocks that have reasonable valuations as compared to most US MegaCaps.
As always, let me know your thoughts. 🤯