Trend continuation of SEIIt looks like Sei is in the process of a mean reversion trend continuation. The crypto market is looking bullish. Let's see if the trend goes on. This could be an short term entry for crypto traders.
Meanreversion
Platinum could do a mean reversion hereI am looking forward to Platinum doing a mean reversion here on the 1hr timeframe. I expect it to take out the recent high a make a higher high and follow the trend.
Silver might recover the gap and continue it's uptrendSilver looks like to follow gold into higher prices. I expect a potential entry at around the 200ema on the 1hr timeframe to recover the created gap in the price to keep following the trend.
Flush of $62k liquidation of BitcoinWatch a quick drop on BTC today! We got many liquidations there. This would also be a 4hr mean reversion!
Last Leg upwards for AAVE?This idea shows the formation of a top at AAVE. It's still a long move because currently it looks like we are doing a mean reversion. Let's see if the EMA50 holds on the 1 hour time frame and if we could see higher prices.
Bearish scenario for the weekThis is the bearish scenario for the week. We have two clusters of liquidity. One at GETTEX:64K and at $65k. I expect a sweep of the previous FWB:65K highs and then a reversal if we turn into an correction.
15 min mean reversion into playWe are doing a mean reversion on the 15 min timeframe right now. This could be a good entry for the europe session today. The orderbook shows alot liquidity in the area at around $64.5k.
Points of Interest on BITCOIN before FOMCI'm watching the price action closely today as we approach the CME gap at $61.5k.
We have not yet taken the previous high on the CME chart. The gap is still open a little bit. We've also accumulated some liquidity at about $57.2k. It is also wednesday, which is know for it's trend reversal.
False move monday on BitcoinWe are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very important but I expected it to happen on wednesday. Lets observe price action but my observation leans towards shorting.
Quick pump on monday? BITCOINWe could see a rapid rally on Monday that will last until Wednesday when the CPI data is released. We are currently in a mean reversion as show with the arrow. We broke through the ema50 and are retesting it right now. The order books are also pointing to $56k as there is a lot of liquidity in the form of orders looking to be filled.
Gamestop (GME) local bottom?Look at this retest of this horizontal support at around $20.
GME has also retested and held the EMA50 on the weekly time frame, which looks quite promising, like a mean reversion and even more bullish because it is a higher time frame.
BITCOIN BULL & BEAR SCENARIO FOR THE REST OF THE WEEKIn this scenario, we retest $58k and move lower to reach the low at $54.6k. These price moves should be watched closely as they can become volatile with falling stock prices and economic data. Today the JOLTS job openings will be released which could cause volatility. If the economic data turns out to be bad for the dollar in the next few days, the upside scenario could continue and we would re-enter the area where we are trading sideways.
4hr BITCOIN mean reversion rejection - Leave the rest for laterIn #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at $56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be $56k and if things look really ugly, we should also consider $51k as a possible target.
Bear and bull scenario for today (MONDAY)We recovered the wick from Sunday with the move lower just before the close of the weekly candle. I could see some mean reversion here on the table and a possible break or rejection near the daily open (offset) at $58.4k. Like always $58k region is key. A possible rejection can happen at the psychological low at $58.2k. Right now we are still in the range of $58k - $61k. London Session starts in 8 min and will start the day. Let's go. Trade safe!
Potential double bottom on ICP on the 1WHere's an idea about the Internet Computer Protocol. It looks like we are forming a double bottom at the orange market support level. We are still trading below the EMA50 on the 1W which could be the biggest short term resistance for a breakout. This is a long term idea that might be worth keeping an eye on.
Potential PO3 in formed on BitcoinThis fundamental analysis shows the potential of a PO3 pattern forming. We went to the EMA50 on the 1 hour time frame which was the manipulative move in the Po3 pattern. At the moment we are back in the consolation area, but there is a chance to go back to older lows that were respected by the last decline, which could have its turn now. So $56k is the target for now.
Retrace and recover the CME Gap?We could rise to around $61.8k to close the CME GAP on Bitcoin. After filling it, we could fall further. Let's see how the price performs around 4pm. Economic data will be released today at around 2:30pm. Let's go! Safe trade.
Bearish trend continuation for the weekThat's my idea for the current downtrend if we continue it. Nvidia earnings today at 10pm could be a factor for volatile price action. I see the possibility of a move up to the 1hr EMA50 at around $61.2k if earnings come out well. This is a scenario where we continue the current downtrend. Check out my bear scenario for this week here on tradingview to see the bigger picture. The level to keep an eye on is the $56k level as the price could be interesting there due to pools of liquidity. I have also marked the current price levels where we are again. These are the levels of the consolidation range we were in last week.
It's been a Volatile Tuesday Trading Gold
I would prefer to see the 2531 -2532 area taken out first.
However, BUY GOLD at current price. The price action is looking healthy.
Besides, good consumer confidence can't be ALL-Bad
Bitcoin bearish scenario for the weekI made this analysis yesterday. In this case, we also expect a move closer to $62k, so based on this analysis, we have time to analyze until Tuesday to decide which way to go. The bears case explains the price action as the following. We broke out of last week’s consolidation with a manipulative move over the weekend/late Friday, so we trapped the longs by let the believing in higher prices by hold the price at the GETTEX:64K level. The EMA will not hold in this case and we go back to the lows of August 6 at around $51,000.
Bitcoin bullish case for the weekI did this analysis yesterday. The case is the following. I expected this drop to the current levels of $62,000 to lead to a meanreversion to the EMA50 on the 4-hour time frame. In the bullish case, we hold the EMA50 and see higher prices. The targets for upside continuation would be $66k and $69k for this week.
ASX futures snap 9-day streak, further downside loomsYesterday I outlined why I was suspicious of the ASX 200 rally, and today I see it has now retraced. The ASX 200 futures market snapped an 11-day streak after forming a bearish pinbar perfectly at a 78.6% Fibonacci level, below the 8,000 handle. Volumes have been declining during the entire ‘rally’ which shows a lack of bullish enthusiasm, and potentially points to a deeper pullback.
A bearish trend has developed on the 1-hour chart, and the support zone ~7917/25 has now been respected as resistance. The bias is to fade into rallies towards that resistance zone in anticipation of a move down to 7860.
NQ Power Range Report with FIB Ext - 8/14/2024 SessionCME_MINI:NQU2024
- PR High: 19128.00
- PR Low: 19087.00
- NZ Spread: 91.5
Return back to daily Keltner average cloud (20-32)
- QQQ gap fill above 455
Key scheduled economic events
08:30 | CPI (3x)
10:30 | Crude Oil Inventories
Evening Stats (As of 11:25 AM 8/13)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 465.90
- Volume: 20K
- Open Int: 239K
- Trend Grade: Bull
- From BA ATH: -9.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
