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Marketbarometer

[BITCOIN, LITECOIN, & ETHERIUM] HEALTH CHECK UP! This educational video talks about the health of overall general crypto market cap and how have seen it go lower since last time I checked it. Crypto is very volatile, but has nice returns if you know what your doing! If your new to this space and intend on scalping, swing trading or hold a position on long term investor trading. Be prepared for a volatile roller coaster ride! I don't regret anything i have personally have done in this space yet. Its been exciting ever since I started in 2017 and their is so much to learn. This blockchain technology is the future! If you enjoyed this video give me a like and follow me to hear my latest technical analysis on what Im trading. Thanks CryptoBuzzAnalyst PS. This is not financial advice just educational material. Do your own research and take caution before u think about day trading or investing in crypto!
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by CryptoBuzzAnalyst
Macro - Market Barometer UpdateHi guys, I wanted to take a look at the EUR on a large time frame and I was surprised at what I found. I figure I would look at the other currencies and post my results. Here is a look at Macro on the Market Barometer. Keep in mind that we are looking at very large time frames, but... the long term trend predictions tend to be very accurate. I broke down each currency: The GBP is recovering from a massive sell-off. We are still below up trending resistance, but we could see mild strength over the long term because we broke above short term down trending resistance. However, another dip into weakness is more likely. Based on how currencies tend to trend. We usually see double tops and bottoms in extreme ranges on the longer time frames. The CHF is coming off the bottom of a huge wedge. We should see continued strength over the long term until it reaches the top of the wedge. The EUR is flirting with down trending resistance. If the EUR fails, we will see massive weakness over the long term. If the EUR holds above, we will see slow continued strength. There are a few ways to read the JPY. My take: recently, the JPY had a massive sell-off, the last leg 'up' is a fib retracement and we are getting ready for another push down. The chart says that we are at the bottom of a wedge and headed up. The NZD is stilling on 50 and I'm not totally sure where to draw support. While it's sitting near the 50 level, anything is possible from this area. No bias detected. The USD is right smack in the middle of a huge wedge. No bias is detected. The CAD is also right smack in the middle of a huge wedge. No bias is detected. The CHF is coming off the bottom of a huge wedge. We should see continued strength over the long term until it reaches the top of the wedge.
by riffster21
1
EUR, USD, AUD & JPY - Market Barometer UpdateHi guys, the short term market barometer has some nice divergence and should provide some trade set-ups soon. The AUD and JPY are over-sold and ready for a 'short term' consolidation. The EUR and USD are both should strength, however, the EUR recently pushed above 80, so we may see a short term consolidation before the next push up. The CHF, GBP, CAD and NZD are all stuck in the 60-40 area. Meaning, no clear bias at the moment. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
7
USD - Market Barometer UpdateHi guys, the long term market barometer is showing another possible push to the down side for the USD. Both long term down trending resistance and short term up trending resistance held during the last consolidation. This suggests more weakness and another push down near 20. I'll update if the USD reverses above either resistance level. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Short
by riffster21
AUD, USD, NZD & GBP - Market Barometer UpdateHi guys, after yesterday's FED USD dump, we have a few currencies to watch. However, most of the currencies are still hanging out around the 50 level (short term top chart, long term bottom chart). USD - not surprisingly, we are seeing more selling beginning to build. Yesterday's push was massive, but it's not over. Expect more selling today, followed by a correction. AUD - as we predicted, the AUD made a strong bullish move and after a quick short term consolidation, the AUD is forming a second push. Expect more AUD strength today, into tomorrow. GBP - the short term shows a very strong bullish move. The long term shows a pretty clean upward channel. If this channel holds, the short term correction will soon give way to another rally. Expect continued strength all day from the GBP with short corrections as it grinds higher. NZD - very similar to the AUD bullish move, but inverted. This is the beginning of the NZD sell-off. I wouldn't try to fade this pair today. Expect a strong sell-off all day. Still waiting on the other currencies to break outside the 60-40 box. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
4
AUD - Market Barometer UpdateHi guys, the Market Barometer has been in consolidation mode after the big EUR push and NZD sell off. All currencies are bunched at the 50 level and ready for a big move. The AUD is the first out of the box and seems to be gaining strength. I would expect a strong AUD over the next few trading sessions. As for the rest; it is unknown, but I'll post as soon as they begin to break out of the box. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Long
by riffster21
2
GBP & NZD - Long Term Market Barometer OutlookHi guys, the GBP and NZD are basically doing the same thing, so I lumped them together. The NZD has a more dynamic range, but that's about it. Both are in a down trending wedge and ready for a breakout. If you noticed, most of the currencies are getting to the end of a pattern and ready for a larger breakout. This doesn't happen very often (1 or 2 time per month at most). We should see some nice moves soon. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
3
AUD - Long Term Market Barometer OutlookHi guys, if you've been trading the AUD roller coaster, then you've probably got a few new gray hairs, lol... The AUD has been on a wild tare ranging from the extreme lows to extreme highs and it is not finished. Unfortunately, we are currently sitting in the middle of the range, so no clear bias. Since we recently hit an extreme high, my prediction is continued lows. The recent move from the 80 level is well consolidated, so it should continue to grid/bounce lower. We'll see.
Short
by riffster21
EUR Weakness - Long Term Market Barometer OutlookHi guys, this might be the most important currency to update. The EUR has been ranging inside an upward channel for a couple of weeks. The EUR recently punched below support and is pushing down. The EUR bears will be happy. We should see continued EUR weakness for the next couple of weeks. The EURUSD will be a mess to trade (because both sides are bearish). With the EUR short and the CAD long, my pick is the EURCAD. I'll look for a logical place to short the EURCAD. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Short
by riffster21
CHF - Long Term Market Barometer OutlookHi guys, the CHF has a nice setup. After the recent push long, the CHF is sitting at down trending resistance and it just make another small push up. Watch key price level for the CHF pairs. Weakness is more likely for the CHF (which makes sense because Gold is weaker right now). If the CHF breaks above the down trending resistance, it will rocket, so keep tight stops and prepare to reverse if needed. Keep an eye on Gold. If Gold begins to rally, the CHF will probably follow. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
Short
by riffster21
EUR, NZD, AUD & JPY - Market Barometer Long Term UpdateHi guys, here is my weekly macro update for the barometer. This is a daily time frame, so we are looking at macro level currency trends. We want to use lower intervals to time our trade entries, but the macro view helps us understand what to expect over the following week(s). AUD - the AUD formed a double top in Feb, then broke down below support and is below the 50 (unity) level. We rarely see a triple, so I would expect continued weakness for the AUD. JPY - the JPY is bouncing nicely on up trending support. We should see a strong push the upside over the next few weeks. If you are trading the USDJPY, expect choppy conditions. The USD is also strong. We will probably see some sort of a long term channel form on the EURJPY and USDJPY. We'll see. EUR - the EUR made a massive 'unconsolidated' push to the upside. We should see a consolidation soon. If you are trading the EURUSD, I expect to see a choppy move short. NZD - the NZD just finished a strong leg down. I would expect short term consolidation followed by more weakness. Look for places to sell the NZD after a short term pullback. Trade safe and keep an eye on news!
by riffster21
1
USD & JPY - Market Barometer UpdateHi guys, the USD is finally turning on the long term barometer (bottom chart). I would expect USD weakness over the next few trading sessions. The JPY is weak, but getting close to being over-sold. The short term barometer is about to register a double bottom. Expect some of the JPY pairs to consolidate soon, then push back in the direction of the trends (i.e. good time to enter a trend trade after the pull back). This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
3
GBP & Sunday Open - Market Barometer UpdateHi guys, most of the currencies on the long term barometer (bottom chart) have consolidated near 50 and ready for a push. Typically, the moves away from (bounces) or through the 50 level are pretty big. The AUD just made a move 'through' the 50 level and it looks like the JPY might be next. We'll see. The GBP was over sold and is in the process of a consolidation move. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
1
JPY & Macro - Market Barometer UpdateHi guys, this is a daily chart view of the market barometer. I'll try and post one of these each week. We don't always get a lot of useful info from the daily barometer, but today we do. The JPY is extending up. Remember, this is a 'daily' time frame (think slow motion). The JPY has a LOT of room to run to the upside before it would be considered over extended. The 4 hour view should tell us when the JPY is ready to consolidate longer term. Until then, expect more JPY strength. The other currencies are headed toward unity (i.e. the 50 level) and they are all currently inside the 60-40 area. Big moves from all of these currencies are building. We don't know when, but they are coming. Look for key price area breaks. We should see some long sustained trends over the next few weeks. Woot! This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
3
NZD Short Term Update - Market Barometer Hi guys, the NZD is headed neared over-bought. Not sure why, but it is. Kind of a random move for this currency, so I figured I would post an update. What does this mean? Nothing long term. The NZD has a ton of room to run long term (bottom chart), but the NZD will bounce soon on the short term. Wait for the pull back, then enter if you are buy the NZD. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
EUR & AUD - Market Barometer UpdateHi guys, the short term barometer (top chart) has an 'unnatural' pattern. I've see this before. After a quick push like this, the market usually snaps back in the other direct. These pushes are usually quick with very little consolidation. Just like now. On the long term (lower chart): the EUR and AUD are over extended in opposite directions. The EUR is definitely over-sold. The Bears are no doubt pilling on right now, but I've seen this before too. Later today, when the Bear rally reverses, everyone will scratch their heads and wonder why. We'll see if I'm right :D This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
8
EUR & GBP - Market Barometer UpdateHi, for this layout, the short is my standard short term (15 min) and the bottom is my standard long term (4 hours). The GBP is over extended on the short term and ready for a small consolidation/correction. The EUR is over extended on the long term and is finally ready for a long term corrective move. The EUR may give us one more push before the turn, but it will happen. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
2
USD - Market Barometer UpdateHi guys, I am posting from one of my layouts (and I've never done that before), so I'm sure what or how many of the charts will get posted? If you see what I see, we have my standard short term (15 min) above my standard long term (4 hour). You can see how the short term shows the details of the last long term USD push up. We should see USD weakness moving forward for the next couple of the trading sessions unless the USD make one more push up (which would be nice, because our reversal would be larger). Either way, USD weakness is coming. Keep that mind if you are currently shorting the USD. The JPY is getting close to over extending on the long term, but has a lot of room to run. This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
JPY & Nice Grouping - Market Barometer UpdateHi guys, this is a long term (4 hour) Market Barometer Update. The JPY is over extended. If it pushes higher, it will quickly bounce. The JPY may strengthen a bit more, but should weaken for a few trading sessions after the next push. The other currencies are grouped between the 60-40 area. We should see some pretty large moves form during the next few trading sessions. Should be good for trend trading ;) This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21
Nice Grouping, again - Market Barometer UpdateHi guys, as I mentioned yesterday, we would some strong 'directional' moves. Those moves are finished and the Market Barometer is consolidated (again). We should get more 'strong directional' moves. Probably in the opposite direction this time. Why opposite direction? Because the Market Barometer over extended and we usually get a reversal after a huge over extension. Sorry for no posts last night. Decided to sleep :D This is not investment advice, just my opinion(s). Please trade accordingly. Trade safe and keep an eye on news.
by riffster21