The TRX path. Wave 3?Looking to see how the month will close here I’m hoping the green option but we’ll have to wait and see
Markets
The Prospect of Bitcoin Spot ETFs in the U.S.As bitcoin retreats from its new all-time high, "All About Bitcoin" host Christine Lee takes a look at the major events impacting bitcoin and bitcoin markets this week. Joining the discussions are CoinDesk Tech Managing Editor Christie Harkin, and Markets Managing Editor Brad Keoun.
$SPY Strong support, but strong resistance too... Hello Traders,
I hope you had a great day. Today we saw an interesting sentiment shift as soon as AAPL started falling off; with news of an iPhone supply shortage guidance adjustment, the supply chain and and inflation worries took over.
The interesting thing about inflation is that it's partially psychological. When we see rising prices or missing things on the shelf, we think the worst, and it's almost self fulfilling with our collective reaction; causing risk-off, bond buying, and a ripple across the markets. Do I think supply bottlenecks from the pandemic matter? Of course. Do I also think just about everyone who wants an iPhone will wait to get their iPhone... Also yes. Just like some demand was pulled forward from the pandemic, other demand will be pushed backward.
So, where are we going next?
Well, that's a tricky question, the pulse of the markets have been a little tough to pinpoint. I've boxed on the attached chart, where I think we churn in the short term. It appears that we are literally sitting right around the Strongest Support and the Strongest Resistance on this chart (notice the POC for several periods). Therefore, we will likely need to either churn it out till it weakens S/R and we breakout... Or we see a strong catalyst in one or the other direction...
I do see some signs of the bull's returning, but we shall see.
Please leave some feedback and hit the like/follow.
Cheers,
Mike
TOTAL updateUpdate on TOTAL after following our channel over the last couple of weeks and coming to our fib resistance point. I feel we will reject or just barely come above that fib before a retrace back to allow our 200 moving average to remain sideways and up.
As always these are only ideas and not guarantees. Please only use this as opinion and do not base your trades or finances upon this analysis. Simply looking at trends and where we may be at in terms of corrections.
Good luck
PLUG: dna of Speculation to Adoption Applies across MARKETSa look into an idea that was a dream note til ESG buzz fever hitts the market with Prince Harry and Merkel as Poster folks to the industry this October
some issues stocks metals crypto fal into this situation...
trick is to spot it before the dump or pump
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kinda like Vaporware to actual hardware or sofware with use case \==
Takeaway: Volume and key levels along major price points hold the key to going long or short
GRT / Graph USD price predictionBased on moving averages and closing in on the end of our triangle I see a breakout in the days ahead coming for GRT
Only a prediction and nothing to base your finances or decisions upon. Only viable if market remains bullish which TOTAL market cap is implying.
Analysis on Asian paintsIn 4hr timeframe , asian paints had given a breakout at 3179.85 ,
after waiting for retest , now we can expect the market to go up .
sp to a new LH??sp bounced twice on a monthly resistance(black dashed), now sitting between 2 weekly resistances(pink), i think it will at least retest the upper one, from there could bounce back, in that case it would be a new lower high or head to the next one above, where it will find a strong resistance area too. The move has been done with good volume, but any how the volume in the second half of September has been quite above average so doest have to be considered so hi.
short term trade 1/2 days, let's see what sunday night(cet) tells us
GRT predictionGRT price prediction. In my personal opinion one of the strongest charts in cryptoland. After a full 80% retrace and steady support at the .65-75 range I expect a lot of upside to come in the month ahead for GRT /USD. As moving averages curl and the 365day simple begins to form on a daily time frame prices will begin to push upwards. It has been slow and steady as of late as it's only about a year old. Age and moving averages work well together
Only a price prediction. Nothing to base your trades or finances upon, only ideas for the long term
Compound USD predictionAnother Compound chart showing potential path of moving average and price action over the next couple of weeks.
Just a prediction; Nothing to base your trades or finances upon only an idea.
COMPOUND price predictionEstimation of Compound /USD price action over the next month or two. 200 Moving average beginning to curl upward. Barring any bad news events in traditional markets prices should continue to rise over the next month in most cryptos.
Bitcoin update and potential OctoberJust another update on Bitcoin. Lot of weakness in traditional markets may bring in a bit of short term downside for crypto. May see a similar run to last year with December heating up and Jan brining in new highs.
All just predictions - Don't take this as a go to - Estimates of price action
TNX Heading Higher?Not really sure what to make of this just yet, but the 10Y yield definitely appears to be heading higher. Ironically enough, this is happening amid a #fed that is committed (at least in the near term) to maintaining low interest rates.
My guess is the Fed knows rates will rise on their own, thereby creating a competitive environment among lenders.
We will continue to watch this one; for now it looks like we are heading to test 1.75 - 1.77. Neither long, nor short for now. Let's just observe.
Nasdaq potential courseAfter falling below our trend line and forming a lower low it seems like me may be in for a similar cycle as the .com era. Considering all the S coins in crypto devouring the space it would be no surprise to expect a long term correction
nasdaq SCARY chartIt seems this market could be facing a mega correction similar to that of the .com bubble days... Makes sense considering the S coins in crypto at the moment devouring the space...
After breaking below our triangle and forming a lower low we could be in for a ride.
Of COURSE long SPY and SPX at the 50daySuper simple, and even if it fails you just have to play it since the entire worlds eyes is on the same bounce.
Any little support or trend reversal will spark a cover to the ATH.
QQQ - See ya later bozo5 wave ending diagonal and rejection at top of pitchfork channel. Go down now
Current Long Micro AUD/USD FuturesIn this publication I show a drawn up trade that is currently open on my account.
I use the principles of price action, where price is in extremes through expansion and contraction.
NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows.
Before every trade I practice a discipline called objective discovery where I read bar by bar to feel the buyers and sellers emotions in each bar.
This is my first post, Im thinking of starting a continuous blog where i post live trade ideas and go through the principles of price action and swing trading.
We start the day with a EURGBP long☝️👍Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
$XP: Brazilian BonanzaToday we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
USDCAD Short by Chief MacroLikely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike).
I have had the view for a couple of months that the dollar looks relatively weak ("accommodative") against the rest of the market. Despite a few bebe squeezes and the expected psychological volatility that comes with $DXY, I think the evidence suggests a lower dollar ahead.
