IOSTUSDT Bullish SIGNAL UPDATE!!As you all know, IOST is not performing well from last 5 months and according to the Chart patterns, Decending Bullish Channel is formed, Breakout formation and also indicators giving bullish signal, also the events are nearer and fundamentally strong coin.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
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Marketanalysis
FILUSDT - BULLISH SIGNAL UPDATE!!As you all know, FIL is not performing well from last 3 months and according to the Chart patterns, Decending Bullish Flag is formed, Breakout formation and also indicators giving bullish signal.
Short term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Happy Trading :)
Good Luck!
If you like my idea, please support:
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US30 Aftermarket AnalysisPrice can continue to the downside if it fails to break above the level of resistance. A confirmation for entry would be at the break of the minor level of support if price were to reject the level of resistance. I think price is going to continue bearish leading up to the news report tomorrow. We will see what happens at 8:30am.
1. Price broke below market structure.
2. A low was formed
3. Price formed resistance.
4. If price fails to break and close above resistance, it can probably retest the lows for TP 1 and fill the wicks for TP2
5. Would only look for buys above here to retest the high and possibly create a new higher high
Prices stuck in a long term compression ?Ichimoku PoV :
Prices are neutral, on a mid and long term vision. Stuck in their Daily and Weekly Clouds.
As first support, we can identeify the Weekly Kijun, at $1779.
Followed by another strong support which is the Monthly Kijun at $1763.
As a resistance, the Daily Kijun and flat Daily SSB are both a high level to break to give a first bullish signal and to go back to test the top of this compression.
This long term range will be interesting to follow during 2022 !
MARKET OVERVIEW 25.01.22Wild day for markets yesterday with Nasdaq erasing a 5% drop and finishing positive. Here's a couple of interesting facts about yesterday.
The S&P 500 has recovered from an intraday loss of more than 4% only three times (since HLC data began in 1977):
- Jan 24, 2022 (yesterday)
- Oct 16, 2008 = down -4.63% and closed up 4.25%
- Oct 23, 2008 = down -4.28% and closed up 1.26%
Wild volatility like this tends to happen in a bear market, not a bull market. The only example of this kind of trading before today was in October 2008. That was the beginning of the market falling apart, it would go on to decline another 28% until March 2009.
Also, $SPY traded over $100b worth of shares for only the second time ever. March 2020 was the other time - we all remember that month.
Keep in mind that despite the huge reversal day we saw yesterday, NASDAQ net lows still outpaced net highs, which is a bearish indication.
VIX is above 30 and Put/Call ratio is at its highest point since March 2020. Both indicators are showing fear in the market.
SLPUSDT - BULLISH SIGNAL UPDATE!!As you all know, SLP is not performing well from last 10 months and according to the Chart patterns, Bullish Flag is formed, also indicators giving bullish signal. Fundamentals are also good to watch for.
Short-term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Signal Strength Ratio: 75%
Happy Trading :)
Good Luck!
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Weekly Market AnalysisHi there!
In this video, i share my areas of interest for the week of 17th January 2022, Feel free to comment, its my first video on this platform, but i think this is a great way to improve my own trading and help my to articulate my reasoning to take a trade. It seems the more I share the better my trading performance is... which doesn't make sense to me, but if it works, it works! lol
Feel free to share your thoughts and lets kill these markets!
Bitcoin at the first level of hope#Bitcoin is in the first support range and buying in this area is a good step.
This range lasts up to $ 36,650 .
If $ 36,500 is broken, a head and shoulders pattern will be formed and up to $ 30,500 can be corrected.
The $ 30,500 area is the second support area . If it breaks, we will have a drop of up to $ 20,000 , which is very unlikely .
British Studies Suggest Mild OmicronStudies Suggest Omicron Patients Less Likely to be Hospitalized
Research has just been published on omicron variant coronavirus cases in England, which over recent days has experienced a massive wave of omicron infections, confirming over 106,000 new cases yesterday.
The research is preliminary and will be followed by more detailed surveys of much larger data samples, but the current study indicates that persons infected with omicron are 15% less likely to be admitted to hospital and 40% less likely to remain in hospital for more than one night compared to patients infected with the formerly dominant delta variant of the coronavirus.
Although this clearly is good news, both in terms of heath and economics as it may help to avoid fiscally damaging lockdown measures or similar restrictions, experts are still sounding a note of caution as the omicron variant seems to be much more transmissible than other variants. Therefore, although it may be milder, it may still easily cause a sharp increase in the total number of new hospitalizations. For example, if the omicron wave increases new cases by a factor of three, even if the patients are 40% less likely to require hospitalization, there will still be a doubling in the number of new patients admitted to hospital.
Scientists remain unsure as to whether the omicron variant is inherently more transmissible or simply better at evading the defences generated by coronavirus vaccines. Some experts are theorising that the variant is better able to colonize the nasal passages but is unable to thrive in lung tissue, therefore becoming easier to catch but less likely to cause severe damage to the lungs, which was a major cause of fatality in earlier coronavirus waves.
Market Reaction to Omicron Research
This research was released on Wednesday 22nd December, and although markets were already moving in a risk-off direction, risk sentiment has notably improved in markets after the release, globally. This is because the prospects of more lockdowns or lockdown-lite measures with a negative economic impact had begun to hang over markets like a cloud. Over the past day, we have seen a strong rise not only in major American stock market indices (omicron is now believed to be the dominant variant in new infections in the USA), but also in stock markets around the world, including Asian markets.
Riskier currencies and commodities have also got a boost. In fact, the strongest currencies since the research was released have been the commodity currencies, especially the Australian Dollar, which is a key risk barometer.
What Does This Mean for Traders?
The last week or so of December is known for often producing a “Santa Claus rally” in stocks and other risky assets. Combine this with the long-term bullish trends in American and most European stock markets and this provisional but positive news about the huge wave of omicron infections which is just beginning to hit western countries, and it seems likely that we are going to see stocks and risky assets continue to rise until the end of December and the calendar year of 2021. Of course, new data could be released which suggests a worse omicron outcome which would then hut risk sentiment hard, but that is looking increasingly unlikely to happen.
A simple analysis for TOTAL3H ello friends
As we can all see, the market is in dire straits with optimistic cows and pessimistic bears
In my opinion, the TOTAL3 index is one of the best tools for better market analysis and understanding.
And based on this analysis that I share with you, I think cows are more likely to win than bears.
Of course, no strong technical signal has been issued yet to complete the correction, but my focus is more on the possibility of changing the trend.
******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 very important .
Thank you dear friends.
Be generous and rich.
SUPER EXTENDED MOMENTUMThis super extended momentum from 2009 low has the potential to reach 5,000 levels.
From 1990 to 2009, there were two major corrections ranging from 50 to 60 percent from its high. And from 2009 to 2020 and up to the present, there have been about 10 to 35 percent correction to form this impulsive wave. Assuming the SPX500 will reach 5,000 levels or 650 percent for its new high from the 2009 low, also expect a 40 to 50 percent correction from its high ranging 3,000 to 2,500 levels.
This kind of my view is based only on price action, price movement and market cycle theories, and what I see based on the history of the chart, it has no other basis or reason for this view to happen or not to happen.
Omicron Fears and Powell’s Hawkish Shift Roil MarketsOmicron Variant Fears
At the end of last week, the Republic of South Africa reported the discovery of a new coronavirus variant, named omicron. Daily confirmed coronavirus infections in South Africa have increased dramatically in recent days. Initial reports on the omicron variant suggested that the variant may be more inherently infectious than other virus variants, but the greatest concern was raised over its potential ability to infect vaccinated people due to the very large number of observed mutations in its binding system.
Many countries quickly moved to shut down travel from South Africa and other nearby African nations, but it was soon discovered that the virus is present in several countries, some of whom have observed community spread. While speedy measures have been taken to try to defend against the entry of the omicron variant, recent experience suggests it will likely be impossible to achieve.
This bad news arrived against a backdrop of increasing rates of coronavirus infections in Europe, where despite high levels of vaccination, daily new cases in some countries are reaching their highest ever levels. Some countries have brought back lockdown-style restrictions to combat rising infections.
Markets now face the question – how bad will omicron be? A South African governmental health advisor stated that the symptoms are typically mild, although this is far from certain, as South Africa has a low level of vaccination, so its data is hard to mine. The vaccines most used in South Africa also tend to have shown the lowest rates of clinical success in trials compared to other vaccine types.
The CEO of Moderna stated that he has no doubt that existing vaccines will have notably lower levels of success against preventing omicron infection.
Powell Hints on Earlier Taper, Inflation
In testimony before Congress yesterday, the Chair of the Federal Reserve Jerome Powell said that if the omicron variant does not have a strong negative impact, it would be wise to taper more quickly than has been planned. Powell also dropped his description of recent inflation as “transitory.” This is clear evidence that Powell’s monetary policy has been recalibrated to a more hawkish tilt, meaning that the Federal Reserve is likely to stop propping up the market with asset purchases and finally hike rates for the first time in years sooner than had been expected.
How Did the Markets React?
Both the initial news about the discovery of the omicron variant, the comments from Moderna’s CEO, and Powell’s testimony roiled markets. All sent stock markets lower. The Forex market reacted in a more mixed way. We have seen more volatility and more risk-off price movements, but the movements are neither very strong nor uniform across asset classes. The US dollar has weakened, despite the Fed’s seeming hawkish tilt, which is strange as it should also be acting as a safe haven.
What Does This Mean for Traders?
Traders should be aware that fear levels are rising, but markets are far from full-on risk-off panic. The jury is still out on the economic impact of omicron. What has been notable, is that we began to see price movements that were reminiscent of the early days of the coronavirus panic of March 2020: plunging stock and commodity markets, with commodity currencies falling, and the Japanese yen and euro rising as safe havens.
If the omicron variant proves strongly evasive to vaccines and sharply increases the number of seriously ill requiring hospital treatment, we will probably see a repeat of what happened in the markets in March and April 2020, as there will likely be more lockdowns and disruptions to trade. If this were to happen, it would also call the more hawkish monetary policies that many central banks are inching towards into question, creating further confusion.
If omicron turns out to be a lot of fuss about nothing, and it has little economic impact, it may be that risk sentiment bounces back and this is just a small dip in a longer-term risk off trend that has been running since the summer of 2020.
Traders will be well advised to lighten their positions, consider taking profits, and to trade cautiously and with small position sizes until the omicron outlook becomes clearer. Once that happens, there will probably be money to be made from following the trend.
ETHUSD | Ethereum 1H Analysis - ETHParking most of my ETH into USDC as I'm seeing short term downside of about 50% nominal going into the New Year.. This should close out the Daily timeframe correction, which started in mid-May.. Expecting us to see ATH again and beyond after the sell-off is completed.. Seeing the same thing for BTC so perhaps now is a good time to try out ETH3S and BTC3S.. The minimum play is to park in USDC or USDT to ride out the downside.. USD is set to gain some strength during this time so this will also work out in our favour.
XRP EXIT STRATEGY 21/22 BULLRUN Afternoon people,
I'd just like to say firstly thank you for all the support and for taking the time out of your day to consume my content. It's most appreciated.
Diving right into the charts here we are looking at the weekly chart for XRP. As we can see for quite some time we have been pretty much moving sideways, since we broke out and retested the 3 year trendline that had formed from the previous ATH. Price has been coiling up and the longer this goes on for the more violent the breakout will be. Going by the mechanics of the market cycle for XRP, I would be anticipating a parabolic move to the upside, in line with the majority of the market during this bull run. Since price has moved above the trendline it broke out of, an entire year has nearly elapsed and price is still nowhere near its previous ATH. Is XRP dead? hah far from it. The infants in this market and those who are impatient/emotional have lost faith in XRP. Not that you ever needed faith anyway, if you truly know what you're invested in. You know that time is on your side and all you have to do is position yourself the right way and wait. Historically in bullruns XRP moves last and it moves violently. Only once BTC hits it's top and begins to retrace, will XRP begin to move. Patience is key.
What we need to understand about XRP is that it is positioned to stand as the beating heart in the new financial system. When you think of Ripple you should think of Amazon. Ripple are going after all the money and will be to finance what Amazon is to everything else (lel). It is quite clear from looking at the charts, not even considering the fundamentals that have been appearing throughout this cycle. That XRP is heavily being manipulated. The SEC who's main function is to protect investors, have actually achieved the antithesis of this. This is all a show though, the SEC have been called in to stall the price of XRP whilst behind the scenes banks & financial institutions prepare. Soon the world will never be the same again and the new financial system will be here.
The case for XRP this bull run is a simple one and it is all programmed into the charts. The charts never lie and until they do, I will follow my exit strategy which I will include at the bottom. We know (as illustrated in the chart) that after XRP hits its ATH it drops 95/97% and finds its bottom after this percentage drop. This has happened twice in the past, of course past doesn't guarantee future performance. But until I see the charts show me something else, this is what I will follow. Keep this percentage drop in mind because it further strengthens the case for a 3 digit XRP this cycle that I will present later. (I know, I know bare with me).
Once the bottom has formed on XRP we can draw a fib from the ATH to the bottom to predict where price is going next. If you look at the 2017 run, once the bottom was formed you can lay out the fib and this presents price targets. XRP found resistance and support at the 1.272 & 1.618 before finishing its run with a move to the 2.272 (call it $3). After the ATH was hit there was a drop of around 96% to the bottom. At which point the fibs can be thrown on the chart again to plot future targets in the next bull phase of the cycle.
As it stands XRP still has it's previous ATH to overcome but once we see a close above this level, I expect a move to the 1.272 ($8), 1.618 ($27) & 2.272 ($242) during this bull phase. I initially believed that we would top out at $27 dollars and go no further, but upon further looking in to the charts. I believe that it's not only possible we hit the 2.272 as the top. It's highly likely. The factor which causes XRP to go parabolic to the 2.272 will be the result of the SEC case. I believe until we have a resolution we will be playing around the 1.272 and 1.618 fibs, but once we get the news. I expect a powerful move to mark the end of the entire bull market. Most coins at this point will already be in decline.
But doesn't a $242 XRP mean the market cap would be around 12.5Trillion. Isn't that impossible? Well market cap doesn't mean the same as it does in stocks for a start so using this metric as a limit to how far a coin can go is redundant. Plus it's very simple. Once the case is settled (at the height of the bull run) XRP will receive the clarity it so desperately needs. Once it gets this status, not only will all of Ripples partners go live with XRP, new investors will flood in and also XRP aside from BTC and ETH will be the only crypto in the space with clear definition. It seems a lot of money is about to pour into XRP and leave the disbelievers wondering how they didn't see it happen. They'll say we got lucky, we know luck has nothing to do with it. I expect us to get some sort of case settlement around the deadline date of 14th Jan. Worst case scenario is that we don't get the deadline and they push it back further. If this happens I expect XRP to stay above the 1.272 @ around $8. I call this one the launch pad. We will wait patiently to see how this plays out but know that as soon as the case is settled, XRP is off. Many will jump on the train too late, I have positioned myself in a way where I wont have to chase the market. I wait and let the market come to me. No emotions.
To further strengthen the case that XRP is going to $242. referring back to previous drops from ATHs. XRP bottoms out around the 1.272. It never revisits its previous ATH at any point whilst finding its bottom. Has illustrated on the chart. You can see that the only price point that allows XRP to fall by around 97%, has the 1.272 as the bear market bottom and still bottom out nowhere near the previous ATH @ around $3 is if we top at around 2.272 ($242). All the other fib extensions could be the top but it would mean either XRP falls below the previous ATH for the first time ever in its history. Or the drop isn't as deep as it has previously been in the last two cycles. These are possibilities to be considered and therefore my exit strategy accounts for this. For this to happen however, XRP would have to do something it has never done in any cycle ever. Again until the charts start lying, I will follow what they show me.
My exit strategy using 10K XRP example:
Split holding 50/50
Strategy 1
5K XRP
10% @ $4
20% @ $8
40% @ $13
30% @ $27
Strategy 2
5K XRP
1250 @ $10
1250 @ $15
1250 @ $20
1250 @ $25
Strategy 3
Upon a retrace from $27 (1.618) to $8 (1.272) I will buy back 50% of my original holding. This will have a sell target of $240 (2.272)
Bitcoin = 233K TOP
XRP = $242 TOP
So to clarify this is for educational purposes only. Don't forget to take profits and thanks again. Happy trading :)
Yours truly,
Chartster
Weekend Analysis + Market Re-cap What's good traders hope you all had a great week in this video I will be breaking down some of the trades that I took and now closed, some trades that I'm still in, and some trades that I am still waiting for development to occur on before entering.
Looking at a few trades that I am currently in;
-GBPCHF
-GBPAUD
-EURUSD
Trades that I took a loss and break even on in;
Loss - EURAUD
Break Even - USDJPY
Trades Currently Looking at with potential for next week;
LONG
-AUDJPY
-AUDUSD
-CHFJPY
-NZDJPY
-USDJPY
SHORT
-EURAUD
Any questions please do let me know down below or in DMs
Have a great weekend
What is happening on BITCOIN?after the breakout of 65K, the greed increased in the market with new ATH. 65K was 1.6 XA and an important Fibo level. but why the momentum of BITCOIN didn't increase and rejected from 69K. it was because of the 2.24 BC Fibo level. Since Bitcoin is a butterfly, 69K could be a massive resistance and could crash to 25K. but the situation of the pitchforks makes hope that BITCOIN transform into a crab and surges to 2.6 and maybe 3.6 FIBO levels.