BTC Update Sunday EditionIt is what it is. More boring Price action, they sell to target and we go up. There is nothing hard to understand about this.
If that is difficult for you to understand, then good. Watch the video and listen. I make 18-20 minute videos regularly not to say what I think is going to happen, but to EXPLAIN why I think it will happen and how I analyze.
I may have looked at DXY wrong in assuming that there is control over where it can actually start the new week. It seems that there is no influence to where it starts from past history. (I need to triple check though.
So assuming that I still think the DXY will be bullish on open, but most likely reject at 103.188.
I suspect we open at 102.6, drop to 102.25 and then go to 103.188 and reject. Starting the next week under 102.25 and sending the dollar towards 100 buckerinos. I pray for no overselling that turns the dollar into the reversal it started in late July.
Moving Averages
EUR's Retracement: ECB indicated Yield-Seeking on USDWelcome Investors, Dear Esteemed Viewers,
Technicals
Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and then, I would re-assess the indicators for signs of possible support. In a bearish scenario, the next target could be $1.051.
News
Beyond technicals, the European Central Bank (ECB) has been cautious in raising interest rates to combat inflation, in contrast to the US Federal Reserve's more aggressive tightening cycle. This divergence in monetary policies has made the USD more attractive to yield-seeking investors.
In the near future, EUR might follow AI's investor sentiment analytics and the bearish technical setup, but if you actively trade EUR, you might want to commit yourself to continuous research because the landscape can sharply change.
Disclaimer:
It is not an investment advice. This idea is my personal opinion. Do your research.
Kind regards,
Ely
Gold's Story of Resilience and StrengthD ear Esteemed Traders,
A s gold has gracefully danced above the EMA, it has painted a beautiful story of resilience and strength. This upward ascent, hand in hand with a rebound from the steadfast blue support zone at the bottom, has ignited a symphony of hope within our hearts.
T he question that now echoes through the trading halls is whether gold will reclaim the upper support it once held dear. The breakout from the EMA levels, standing tall and unwavering, beckons us to believe in the power of gold's resurgence.
W hile a brief retracement occurred upon reaching the upper blue zone, a testament to gold's ever-evolving nature, it has not retreated significantly. Instead, it has consolidated its forces, poised to reclaim its rightful place.
A s we keep a watchful eye on gold's price around this pivotal zone, a potential breakout trading opportunity awaits. If gold holds its ground within the upper blue zone, reestablishing itself as a beacon of support, its price could soar to even greater heights, mirroring the trajectory of the dotted white arrow.
H owever, if gold's ascent falters, unable to breach the upper support, its price could descend below the support once more. This scenario, though challenging, could pave the way for further retracements, as depicted by the other dotted white arrow.
Remember, dear traders, that this is not an investment advice but rather an invitation to join hands as we navigate the ever-changing landscape of gold's journey.
With warmest regards and a heart filled with anticipation,
See you in the follow-up!
$GEO Border Detention Facilities - Profiting off of incompetenceGood morning everyone, Today I am evaluating a stock I have legitimately found valuable for a few months. With the escalation at our border (Record numbers of crossings in October) It is time to consider how we can profit from such a tragic situation. I've been invested in stocks like NYSE:GEO and NYSE:CXW for the past year or so, however, I think right now might be the most bullish I've been on them in a while. In this video, I lay out potential price targets for NYSE:GEO and show some of the methodology behind my trading strategy.
Here are my outlined Targets / Resistances and supports
Strong Support Level: $8.30
Strong Resistance Level: $9.95
Resistance 2: $12.35
Target 1: $14.31
Target 2 / Resistance 3: $17.58
Target 3: $19.82
Remember, both targets and resistances represent solid points to take profit.
Don't get greedy
The GEO Group (GEO) operates special-purpose, state-of-the-art residential centers on behalf of U.S. Immigration and Customs Enforcement (ICE).
All ICE Processing Centers operated by GEO have a long-standing record of providing high-quality, culturally responsive services in safe, secure, and humane environments that meet the needs of the individuals in the care and custody of federal immigration authorities.
Why I Think AUDUSD May Continue To Sell Hey Rich Friends,
I think AUDUSD has the potential to continue to sell, here is what I am looking at:
- Candles entering and rejecting the supply zone
- Momentum is low but not yet below 0
- STOCH facing down, no longer overbought and the orange line is above the blue line.
Pending orders are recommended. SL will be above a previous high and TP below previous lows. Check the news and be mindful of NFP Week.
- Peace and Profits, Cha
XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉
In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL .
Let's take a look at ideal buy zones and future upside potential in this quick video analysis.
Don't forget to check out this update on LINK:
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CryptoCheck
CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
Hash Rate Backtest(The Worlds Best Bitcoin Indicator)In this video we go through the edited Backtest version of Hash Ribbons. Our analysis shows various things but particularly interesting data in bull markets. As of right now, is it become less valid with more variables in the market or are we due a pump with these miners increasing their efforts to expand their operations?
Monday Market Outlook: Sep 18-22,2023Hey there,
So we have a very interesting week ahead of us especially considering all the talks around the subject of interest-rate hikes and inflation.
In today's market outlook we look at both the technicals as well as the fundamentals surrounding the US, UK, and EU economies.
So be sure to check it out and feel free to share your thoughts.
Are Indicator Templates The Best Kept Secret on Tradingview?Hey Rich Friends,
One of the greatest features that I have ever stumbled upon on Tradingview was the "Indicator Templates." If you are new to trading and need a simple strategy you can build upon, why not try one that is already built into your chart?
In this quick video, I will explain:
1. How to access Indicator Templates
2. 3 simple trading strategies (Bill Williams' 3 Lines, MA Exp Ribbon, and Displaced EMA)
3. Saving your own strategy
4. Trigger Words:
BUY (up, above, higher, over, positive)
SELL (down, below, lower, under, negative)
- Peace and Profits, Cha
The Best Forex Strategy I've Used in 3 Years | 4 IndicatorsHey Rich Friends,
Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest.
Indicators:
50 EMA (blue)
200 EMA (purple)
Momentum (turn on price line)
Stochastic (turn on price line)
Bullish confirmations (Up, Above, Over, Higher):
1. Candles above/crossing up 1 or both EMAS
2. MOM is facing up AND/OR above 0.
3. Stoch is facing up. Stoch is above 50. The blue line is above the orange line. Must have all 3 or wait
Bearish confirmations (Down, Below, Under, Lower):
1. Candles below/crossing down 1 or both EMAS
2. MOM is facing down AND/OR below the dotted 0 line.
3. Stoch is facing down. Stoch is below the dotted 50. The blue line is below the orange line. Must have all 3 or wait.
Total Crypto Weekly Death Cross LoomingFor the total cryptocurrency market cap, a death cross between the 21-week and 200-week moving averages on a weekly timeframe suggests that the market might be entering a period of extended bearish sentiment. Traders and investors might interpret this as a warning sign that the overall trend is weakening and that further declines could be expected.
However, it's essential to remember that technical analysis is not foolproof and should be considered alongside other fundamental and contextual factors. Markets can be influenced by a variety of variables, including news events, regulatory changes, macroeconomic trends, and more. As with any trading decision, it's a good practice to combine technical analysis with other forms of analysis and risk management strategies.
Thoughts on BTC: What to look forward to over the next 2 weeksKey Levels:
25.2K
28.6K
Weekly 200 Moving Average
Watching for consolidation over the next few days in between 25.2 26.8
By the end of the month looking to either
Bullish Case
make another high over 31K
Bearish Case
making a low under 25.2K Potentially Targeting 19.6K Next
What can BTC price tell us about BLACKROCK etf chances ?News of blackrock and traditional finance filings for bitcoin have been taken as if they'll be a simple clean process to success. Perhaps it will be smooth sailing. I do think theres a decent chance for it to be a rockier road than many are currently thinking.
This gives time for the process to influence btc and crypto prices in the meantime.
Should a roadblock be hit it seems likely that it will cause pressure to the downside. Personally I do not think this is the worse thing. Maybe even a good thing.
There is a large range open to price now (roughly 15k to 60k us$). Holders and traders alike need to be prepared for movements within this range as there is plenty of time till halving.
As always will keep an eye out for emerging news // information // data.
Thanks for reading and give us a like and follow for future posts.
GeorgeOnTv
GBPUSD BULLISHBuy at Market Execution or Buy Limit at1.27050 or Lower
SL: 1.26650 OR lower (40 pips)
TP 1: 1.27450 (40 pips) 1:1RR
TP 2: 1.27850 (80 pips) 1:2RR
1. Candles Are Above The 50 And 200 Emas: Bullish Conditions Met
2. Mom Facing Up And Above 0
3. Stoch Facing Up, Above 50, Blue Above Orange
Result:
Pending
Please Do Your Own Analysis And Use Proper Risk Management. Only Take The Trade If It Makes Sense To You.
The Mother Of All Trades 🙏🏽 Billions Will Be Made!Imagine a world, where The Crypto Weather Channel had its own bank. That bank stored a large amount of its capital reserves in Bitcoin at the start of the Bull Market. This is what that would look like.
#Long
Take Profit: $66,442 (5th Halving Price)
Entry: $26,976 (CAT 1 Price)
Stop Loss: $15,473 (Market Cycle Low)
[Watch] MARA versus Bitcoin 5️⃣3️⃣| Year to date 267,60%Year to date ⤴️267,60%
What's going on Team NASDAQ:MARA
Yes, I am back, baby...!
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BITSTAMP:BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
EurUsd -> Perfectly Playing OutHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that EurUsd just recently perfectly retested and already rejected the quite nice bullish trendline of the weekly parallel rising channel.
You can also see that the next weekly resistance is at the $1.12 level where we previous had strong weekly structure and also a resistance trendline so I simply do expect another push to retest the resistance before I then do expect a short term drop.
On the daily timeframe you can see that after EurUsd perfectly broke above the resistance at the $1.078 level, we had a quite nicely rally towards the upside and EurUsd is now retesting resistance so I am just waiting for a bullish breakout and then I do expect another push higher to retest the next weekly resistance.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: