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.
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Marketanalysis
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.
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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. 🤯
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 :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
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:
Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
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.
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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.