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Market Reversal Fueled by Biden's Positive Remarks on US - NQM In today's trading scenario, we witnessed a fascinating turn of events. The market initially opened with a downward wick, touching the previous day's closing level and the London session's support. However, the tide swiftly turned, largely attributed to President Biden expressing positive sentiments about the avoidance of the US debt ceiling. This optimism sparked a notable shift in market sentiment. The levels I outlined at the open were as follows: Downside: 13505, 13483, 13460, 13430 Upside: 13540, 13575, 13600, potentially reaching as high as 13660. These levels served as significant benchmarks for today's trading. The upside, though, ventures into somewhat uncharted territory as we have not tested these areas since the highs of August 2022. As we tread these waters, it's crucial to remain vigilant and adaptable to the market's responses to macroeconomic news and global sentiment. Stay tuned as we continue to track the market's reaction to these crucial levels, and navigate our trading strategies accordingly.
CME_MINI:NQM2023Long
by Pablo_The_Latin_Trader
When to Change Your Bias 🎯Welcome Back Traders! In this education idea, I explain how to improve your trading bias, by knowing when to change it based on the movement of price action. Please support this education with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like our trade ideas and education content delivered straight to your email in the future. Thanks for your support and help in building the TradingView community. Kind regards, BK Trading Academy
Education
by BKTradingAcademy
12
Bitcoin's Update, Fluctuations and Trend Reversal PotentialIn the past 24 hours, the market has demonstrated a combination of upward and downward fluctuations. Notably, Bitcoin has been experiencing a short-term downward trend, briefly dropping below the $26,000 threshold and finding support near $25,800. This price movement has elicited a notable positive response within the market. The support range of Bitcoin's previous range channel, which had been breached and has now transitioned into a resistance level, has temporarily impeded the cryptocurrency's short-term price growth. Nevertheless, there are indications of potential trend reversal in lower timeframes, suggesting the possibility of continued upward corrective movement towards the resistance range at $27,700. It is noteworthy that the Relative Strength Index (RSI) is currently at a level of 41, indicating a neutral stance. Additionally, the Moving Average Convergence Divergence (MACD) is at a significant level of -345. Taking these indicators into consideration, it is important to approach the market with caution. The downward trend in Bitcoin, coupled with the negative MACD reading, suggests that selling pressure may persist. However, the potential for trend reversal indicated by the RSI and the possibility of retesting the support level at $26,500 imply that there could be opportunities for upward movement. Overall, the market has experienced mixed dynamics, with Bitcoin facing a temporary setback in its short-term growth. While caution is advised due to the negative MACD reading, the RSI and the potential support retest present prospects for future price developments.
by MonoCoinSignal
12
EURCAD 1.47143 -0.06 % SHORT IDEA 🐻📉💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/CAD INTO THE LONDON SESSION 1. ASIAS BSL TAKEN. 2. LOOKING FOR A PUSH INTO THE -OB / FVG. 3. Looking at momentum heading into the PD arrays. 4. Looking at that unfilled FVG as a possible entry with the bears. 5. TARGET would be the the SSL & THE DAILY +OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
3
32 or 22K IMO ii still see a lot of bullish pressure possibly wanting to push price up to the 30-32k level. I def still see on more drop or test of support before the next bull run. I could see a Liquidity pick possibly to the 22 level. Exploring all possibilities. on multiple time frames identifying my trade zones and levels. I really dont think Bitcoin will be truly bullish until it can find support above the 32k level. Price is all bound up currently and is awaiting a break out. Will we see a test of the order block and bounce or fall? Please share your thoughts and feed back
OANDA:BTCUSD
by pippin_aint_easy79
4
Are Crypto Bears in Denial? Eth 🌄Is this the Bull Run we have all been anticipating? Or Does Price need more time to accumulate above 2018 Highs. Ethereum has been trading in between 1942 Daily Level and 1785 Weekly Level for nearly a Month now. Price has spent 70% of the time inside this range. It spiked to the upside and stayed above the range for a week as some buyers Took Profit and shorts came in to flush out late longs. Price printed an engulfing candle on the Weekly Timeframe as price retreated back into our 1942 to 1785 range. We'll see if this bullish movment can sustain itself.
COINBASE:ETHUSDShort
by ShrewdCatfx
BTC - Correction Started ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), we know that the correction already started as BTC broke below the last H1 low. Now what? 🏹 BTC is still overall bearish, and we are expecting a movement till the lower bound of the orange channel which is also lining up with the previous daily low in green. 📈 As per my trading style: As BTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) UNLESS the green daily low is broken downward. In this case a deeper correction movement till the 25,000 support would be expected. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
28
EURUSD STILL POINTING LONGEURUSD price is now at the highest KEY level for this 4H Range (1.10920 area). The Direction is still LONG as for 4H, Daily and Weekly. as for Shorts shall be on ranges 15min and 5min short term sells. Hence we will wait for the Pullback of 4H to get Short and a Pullback on 15min shall be the entry point for the the Sell above 1.10920 area. For Longs still it will be risky to Buy at 15min Ranges but still a good range to trade if you can manage to take the 5min restructure of price to the upside. so for Buy - 15min range is 1.10917 - 1.10220 to buy look for 5min restructure to the upside around price are 1.10300. Sell - Price must first break the highest structure 4h and 15min to enable to get a clean sell, Look for the 15min restructure to the downside.
Long
by edmorcastones
Potential Upside Breakout or Downside Correction?let's dive into the world of Bitcoin and try to make some sense of the current market situation. As of the latest news, Bitcoin seems to be showing some positive signs, with the price experiencing growth of 1000 dollars in the last 24 hours from the 27900 range. This growth is largely attributed to the positive reaction shown by Bitcoin to two important supports. Currently, the price is approaching a minor resistance in the 28900 - 29000 range. However, given the economic news, the meeting of the Federal Reserve's Free Market Committee, and the new interest rate being announced, there is a high possibility of extreme fluctuations in all financial markets, including digital currency. As such, it is recommended to avoid futures trades with high leverage and manage short-term trades. For the medium term, there is potential for a correction in Bitcoin's price, but there is also a possibility of a positive swing before the correction. Now, let's look at some key prices on this chart. Based on the 4-hour timeframe, we can see that the local solid supports are at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637. On the other hand, the minor resistance can be seen at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603. In between these levels, we have the middle Bollinger band at 28620. As for the bullish scenario, if Bitcoin manages to break through the minor resistance at the 0.5 Fibonacci level of 28817 and the upper Bollinger band of 29603, it could indicate a potential upward trend. This could be further confirmed if the RSI crosses above the 50 level, the MACD starts to rise, and the volume oscillator turns positive. If these indicators all align, we could see Bitcoin testing the 1 Fibonacci level of 29969. On the other hand, in a bearish scenario, if Bitcoin fails to break through the minor resistance and instead breaks below the local solid supports at the 0 Fibonacci level of 27666 and the lower Bollinger band of 27637, it could indicate a potential downward trend. This could be further confirmed if the RSI crosses below the 50 level, the MACD continues to decline, and the volume oscillator remains negative. If these indicators all align, we could see Bitcoin testing the 24h low of 27910. In conclusion, the current market situation for Bitcoin seems to be volatile and uncertain. It is important to monitor the various indicators and key prices to determine potential bullish and bearish scenarios. As always, it is recommended to exercise caution and manage risk appropriately.
by MonoCoinSignal
45
Spy500: Elliot wave. Zoom out. Bigger correction incoming Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear market. In which case, further pain must happen and spy could go as low as 215.
AMEX:SPY
by knee000