Bitcoin - Three drives downI like Quarter Ranges and they're currently significant imo - Bitcoin lost the upper QR (red) and broke MS bearishly.
If I had to take a stab at direction:
- 3 drives down (3rd unfinished)
- Test lower quarter range & 618 fib
Invalid on a HTF reclaim of red zone. Must hold green zone for bullish argument.
Cheers
Marketstructure
🟨 SP500 based on YoY GDP ChangeVolatility in many times in the market is bad and the stock market is a mirror of the economy.
When you go back prior to the Great Bull Market (1980s), you wll see that there were very wide swings in real GDP. These are the Boom and Bust cycle.
Now, as the FED evolved its policies it learned how to contain the market and flatten the Boom and Bust cycle and flatten the economy. And you can see that when we have the low volatility in GDP, the market has been very much accustomed to this.
However post 2020 we are more volatile then ever. This is exactly why the FED is stepping hard on the breaks until they for sure put a cap on the upside and on the inflationary side.
It is again interesting to see that Volatility is just bad for the market.
Gold is bullish in daily, 4h and 15mFOREXCOM:XAUUSD
EIGHTCAP:XAUUSD
as it's visible in the charts, swing structure is strongly bullish.
i see 3 probable paths for the price... we expect price to form a pullback after BOS... so then it could mitigate the 4h demands in the discounted price.
after mitigating those demands, we could watch the price and look for lower time frame change of character as a sing of confirmation to buy. :)
Bitcoin's Volatility and Potential Rebound: A Technical AnalysisBitcoin is currently priced at $20,170, down from its all-time high of $64,863 in April 2021. The recent news of Bitcoin crashing from $20k to $18k in a single day shows that the cryptocurrency is still volatile and subject to sudden price drops. However, some analysts suggest that now may be a good time to buy Bitcoin, as it has hit its bottom and may see an upward trend soon.
Regarding the technical indicators, the RSI is 34.28, indicating bearish sentiment. The volume oscillator is at -12.5%, suggesting that there has been a decrease in trading volume. The MACD is at -569, which is also bearish. However, the stochastic oscillator is at 27.9, which shows that Bitcoin is oversold and may rebound soon.
The Fibonacci retracements give us some price levels to watch. The 0.5 Fibonacci level is at $21,105, above the current price, and the 1 Fibonacci level is at $22,662, even higher. The upper Bollinger band is at $22,552, above the 1 Fibonacci level, and the lower Bollinger band is at $19,084, below the current price. Between the upper and lower bands, the middle Bollinger band is at $20,818.
Overall, the technical indicators suggest that Bitcoin is on a downward trend, but the stochastic oscillator hints that it may soon rebound. The news about long-term holders holding their Bitcoin during the price decline may indicate that there is still a strong belief in the future of the cryptocurrency. If you're considering investing in Bitcoin, it's important to research and assesses the risks involved. Remember, cryptocurrencies are still a relatively new asset class subject to high volatility.
Local support: $18,000 - This is the recent low that Bitcoin dropped to before rebounding slightly. It could be considered a short-term support level.
Solid support: $19,549 (0 Fibonacci level) - This is the first Fibonacci retracement level on the 4-hour timeframe, and it held as support during Bitcoin's previous price decline in January 2021. It could be considered a more significant support level.
Local resistance: $20,818 (middle Bollinger band) - This is the current price level that Bitcoin is hovering around, and it's also the middle Bollinger band on the 4-hour timeframe. It could be considered a short-term resistance level.
Solid resistance: $22,552 (upper Bollinger band) - This is the upper Bollinger band on the 4-hour timeframe and is close to the 1 Fibonacci retracement level. It could be considered a more significant resistance level.
Of course, these support and resistance levels are not set in stone and may shift over time depending on market conditions. Traders and investors should always use multiple indicators and analysis techniques to make informed decisions about buying or selling Bitcoin.
BTC-USDT Long Term Perspective leading to bottom of bear marketThis chart has been saved now for a month since I noticed the correlation and started suggesting we could see the move start to play out and it has now started the first leg of the run down which correlates right around this March 20th spring equinox, which all adds up to the fibs in the charts. Fib cirlces is not a metric I see many people mess with, but I have found in all of my relative experience that anything fib related seems to be some of the most accurate measuring units, whether its simple fib retracements/extensions, or more advanced metrics such as circles, channels, wedges, etc. which I assume has to do with the fact that fibs in general are based off the mathematical idea of fib sequencing which is based off of real life patterns seen amongst all things in the natural world. This is also why I like to give fibs the benefit of the doubt more often than not due to the fact that I personally believe anything that can be seen in nature with the high volume we see fibs for example, has to have some bearing when compared to charting, which we all know is based highly off of raw human emotion, therefore giving this chart the respect I have since noticing the pattern. I believe we will see more downside, and I do believe we will bottom right around 9.5 as there again is correlation, once again finding 3 specific points of confluence, just as noted with this last drop in the market that started the last 24 hours and is still playing out. We will see bounces that serve as more bear market relief rallys, but that is all these small points of upward movements are. Therefore is you are a long term style investor, that information would suggest waiting for more downside before DCAing into your position, or however you prefer to invest. And for those of us who daytrade, swing trade, scalp, etc. know that this will not go straight down but will crab as usual, with waterfall drops playing out during the continued downside, which I give until the fall equinox this year. Therefore, expect the bottom to play out in the fall sometime, before we finally see sustainable higher highs, etc. I will update weekly, but wanted to start by giving a brief macro synopsis, and apologize to anyone who finds this informative that I did not publish this sooner. I am just now learning how to do all this publishing stuff and so bare with me, no pun intended.. lol. but seriously, I am sorry as I have been posting non stop now in the chat for a month and just hope there was at least one person I helped either to make money, or refrain which in return helped them from losing money, which I have learned in my short career of trading for a living, that more times than not, saving money by not entering has been so crucial, often times way more so than that big trade that realistically only happens a couple times a month. The majority of doing this for a living is having the patience to wait for these solid moves, which I wish I knew when I first started. (that and the fact that any type of larger leverage will be your death) - Learn to trade with 5x or less and thank me later. Anyways, back to the point, I will upload as much as needed for hopefully anyone looking to get into trading, or more specifically interested in BTC, I hope my idea from here on out play as a beneficial piece to your success, and look forward to any criticism as that sharpens my skills, and of course questions or praise are gladly accepted.
-Alex
This Is How GBPUSD Will Likely Move In Coming Months | Be Ready!I have published this idea to give you a general view of how to look at GBPUSD in the meantime ..
Please do consider that this is an estimation of how price might move, given the current conditions and market outlook and that may change and it's not stable..
A confirmation must occur before determining every leg of the moves shown on chart, and confirmations of lower timeframes is obligatory..
This is the general view of what we might expect price to do.. make sure to hit a FOLLOW to get updates and confirmations right away💥
What's your view on this pair and DXY in general?
GBPUSD I Short-term intraday shortWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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DXY$DXY After top down analysis i'm looking for DXY to continue to the downside after Fridays retracement.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
EURCAD I Target REACHED! 60 Pips!🔥Welcome back! Let me know your thoughts in the comments!
**EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Market Maker Model on ETH Turns Out Super Bullish!Revisited the Price Action and identified a much clearer vision of Liquidity, Consolidation, and Direction.
Somehow, Ethereum has been very very very precise in its price and as to where it is headed.
This diagram shows the Market Maker Buy Model that happens in all timeframes. It cannot be more precise than this.
Ethereum expected to reach as low as -$650, clearing liquidity and mitigating an old bullish OB.
Enter back into its range, then the new trend begins.
I hope this helps!
My GOLD map idea.hi all,
TGIF & I wish u a great weekend ahead!
I see a good entry opportunity for short with a very good R:R, also this is my view on gold for upcoming weeks & months.
of course, a Higher High structure on high timeframe will invalidate this forecast. my stop for current position is above 1853.
trade well,
Alex
Sniper Trading System EURUSD SET UPOur 12 AM 1HR Candle is GREEN indicating we are looking for the BEARISH play.
Narrative: We want price to continue to sell down to the 3rd Standard Deviation and sell to the break out traders at a discount:)
So we can trade today's price action BOTH ways. We sell to to the 3rd Standard deviation taking partials at the top and middle of our standard deviations.
Once price hits the bottom Second Deviation we begin to pull our profits and hunt for the BUY!
The DXY is strong right now that's further confluence for our sell to the bottom extremes.
Never over Leverage.
Trust your set up.
Have Fun!
Everybody Eat$
I AM Trading Made Simple.
Master Jedi & Sensi of #SniperGang