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LIT/USDT Analysis: Is a Bullish Breakout Imminent? 📊 Chart Analysis The weekly chart for BINANCE:LITUSDT reveals a critical resistance level around $1.15, which the price has tested multiple times since early 2023. This level has formed a significant resistance zone (marked in red), where the price has struggled to break through. The 50-week moving average (MA), shown in blue, has recently flattened and started to turn upwards, indicating a potential trend reversal. The recent price action shows a consolidation just below the resistance, which could suggest accumulation before a breakout. Additionally, the upward green arrow highlights a possible support level, indicating the price might bounce back up from here. 🔍 Technical Indicator Analysis Momentum Indicators: - AO, PPO, PVO, ROC, RSI, TSI, StockRSI, and Stochastic indicators are mixed across timeframes, showing bearish signals in shorter periods (15m, 1h, 4h) and more neutral or bullish signals in longer periods (6h, 8h, 12h, 1d). - The RSI is neutral on most timeframes, suggesting no extreme overbought or oversold conditions. Trend Indicators: - ADX, Aroon, CCI, and DPO indicators show varied trends across different timeframes. - Ichimoku Cloud shows long-term bullish signals but short-term bearish signals, indicating possible short-term volatility before a potential bullish trend. - MACD and EMA indicators are bullish on higher timeframes (1d, 3d, 1w), supporting a longer-term bullish outlook. Volatility Indicators: - Volatility indicators such as ATR, Bollinger Bands, and Keltner Channels show high volatility, especially in the shorter timeframes. This indicates potential sharp price movements. - The Ulcer Index shows high risk on the weekly timeframe, suggesting caution. Volume Indicators: - Volume indicators like ADI, CMF, EM, and FI are mostly bullish across various timeframes, indicating strong buying pressure. - OBV and VPT are bearish on shorter timeframes but show mixed signals on longer timeframes, suggesting some short-term selling pressure but potential for longer-term accumulation. 🔮 Prediction - Short-term (15m - 4h): Expect some bearish movements due to mixed and bearish signals in momentum and trend indicators. High volatility suggests sharp price movements. - Mid-term (6h - 1d): Consolidation and potential for bullish breakout as trend indicators start turning bullish. Monitoring support and resistance levels will be crucial. - Long-term (3d - 1w): Bullish outlook supported by trend indicators (EMA, MACD) and volume indicators. A breakout above $1.15 could lead to significant upward momentum. 📝 Conclusion The analysis of LIT/USDT suggests mixed signals in the short term with potential bearish movements due to high volatility. However, the mid to long-term outlook appears bullish, especially if the price can break above the critical $1.15 resistance level. The 50-week MA turning upwards and supportive volume indicators further bolster the case for a bullish breakout. 💡 Advice : - Patience is the key. Given the high volatility and mixed short-term signals, it's essential to practice robust risk management. Monitor key support and resistance levels closely and stay updated with market news that could impact LIT/USDT. - Remember to Do Your Own Research (DYOR) before making any trading decisions. 🙏 Thank you for reading this analysis. Stay informed and trade wisely! #LITUSDT #TechnicalAnalysis #CryptoTrading #BullishBreakout #RiskManagement
by crypto_pumpppp
SPY is still an inside month, with a bearish tone.SPY is still an inside month, with a bearish candle. More down side is likely. Using Strat Radar, we get an X-Ray view of what algos are doing with price action on different time frames. On the weekly chart, price retraced to a previous bearish order block, then presented a 2 up + 2 down reversal opportunity, it played out nicely. On Thursday, SPY daily chart has a 3-1-3 reversal pattern. One could use 15m/30m or 1h TF to find an entry for a short. Strat Radar clearly shows that FTFC - Full Time Frame Continuity - is to the down side. It's important to remember that we don't know what the market will do next. However at key levels if we think there is a high probability that something may happen, we wait and let price action confirm our thesis. Of course we can still be wrong, that's why risk management is paramount. Price action tells the truth.
AMEX:SPY
by putcall
MTF MFI filterHi, I am attempting to make a filter to be added to strategy that lets you know when the MFI it is in a downtrend or an uptrend, I think the code is 90% there but I am struggling on the last bit. I would like to have a user defined lookback that you can set and it works the average between them. then you use the current MTF MFI rading to decide if it it is lower than the average to decipher the MTF MFI trend. lookback. for example - /6 > MTF . Thanks for any assistance I will republish the script when finalized
FTX:BTCPERP
by Pipfiend
Quickpost on ThetaTheta has finally broken its resistance and I see a lot of upside for the rest of the year, maybe into Q1 next year. I am looking to take profit at about $40 and if/when I see some consolidation patterns I will double up at major fib levels with some of the margin I create in the move. Quick look at technicals We are above the SMAs on this break out and the MACD is positive and above the signal line, and both are above zero. Also, the 9 seasons rainbow shows we have established a base and afterwards have established a clear uptrend. On a higher time frame the volatility indicators suggest we are in a uptrend and we have broken above the 20SMA. On the 4 hour we can see that the price action has retested the resistance line as support. It may need to retest further but the lower time frame volatility is likewise favoring a uptrend. Trade Management I am keeping my stop where it is for now until it seems that the chop around finding support on previous resistance is done then I will move my stop loos to guaranteed profit while I let this run. I do expect more chop around each fib level as we move up but I have a good entry for what I feel is a good RRR on a long shot.
Long
by This_Guhy
Bitcoin Volatility and Volume based system still biased bearish.A new month and a new iteration of this system. I developed this volatility and volume based system to help me with the wider view of markets and to help me steady my hands when it is time to let your winners run and also help me cut my losers. It works for me on various time frames so long as I am patient and don't overthink things. I am not qualified to give financial advice though. Key Components Volatility Stop: This is based on the average true range, which is a measure of volatility with a standard look back period of 14. The VSTOP default look back is 20 and on this chart is formatted to appear as dots either above or below price depending on if price has been moving up or down. It helps to determine bias as well as dynamically chart support and resistance Volatility Stop Multiple Time Frame (MFT): an application of the VSTOP but set to a different time frame than the main chart. In this instance it is set to 3x the timeframe of the main chart and would be the quarterly VSTOP. It likewise charts dynamic support and resistance and can identify a major change in trend. On Balance Volume with EMAs: The on balance volume helps look at how much buying and selling volume is really occurring in the market. It can also be used with peak to peak divergences and so if you see an general uptrend will falling OBV you can see that the uptrend is not volume supported and you may see a bearish reversal. Same with valley to valley lows and bullish divergence. To help visualize changes in the OBV against itself there are the OBV Exponential Moving Averages. A cross of the on balance volume with a EMA means that the OBV has roughly been flat for a certain time period and moving flat is the first sign that a trend may be consolidating for reversal. Likewise if the 10 and 20 EMAs cross that is a sign that the OBV has moved sideways and may be poised for reversal. Supplemental Components The humble 20 period SMA: the 20 period SMA is a core SMA as it forms the basis of the default bollinger band midline and is a close approximate of the 20 EMA, which is the baseline of the Keltner channel. During uptrends lots of technical buying happens at the 20 and crossing the 20SMA with a whole body candle above or below is generally a sign of strength or weakness in a trend. MACD: one of the most used indicators and it can provide a lot of high quality signals when used with divergences on the MACD itself and the MACD Histogram as well as when the MACD crosses its signal line or zero. I generally supplement my MACD charts with the MACD EMAs but I won't be going into that here. The Analysis Bitcoin has been below the VSTOP and the MTF VSTOP for three whole periods and has begun this fourth period below as well. There has been some candle wicks above the VSTOPs but so far there has been profit taking at those levels and if we are looking at the VSTOP as dynamic support and resistance they have acted very well as resistance. The history so far is pretty clear, when the VSTOPs are concurrently bearish price action falls below the 20 SMA. Buying 50% below the 20 month SMA has been reasonable given our two data points. It may take a couple of months of chop for it to happen. We only have two previous data points to observe but I am not taking a gamble right now with a long until I see the VSTOPS flip bullish. Historically that takes more than just 4 periods. The OBV has slipped the 10 EMA which further supports the idea that this sideways action is biased bearish. By itself the OBV would not mean much. Remember, the OBV going sideways or slightly below the 10EMA could just be a sign of continuation but a look at the lower time frames does not really support that. Unless there is some massive continuation pattern I have not seen (an ascending triangle, a W pattern, a bump and run bottom, etc). Likewise the MACD histogram is falling which suggest a MACD-Signal cross is likely. Once again, a MACD-Signal cross could just be a sign of sideways consolidation but there is no pattern I see that suggest continuation to the upside at this point, and the Volatility situation is still bearish My personal Posture I have a small short out there on a volatile alt. Aside from that I am stacking what USD/T I can for when I see this tension break. My linked idea regarded a potential ABC correction shows where I plan to enter crypto for a long investment and I am prepared to hold for a while. The other two lined ideas shew where used this system to predict the bear market was upcoming. I am aware that this posture has me against a lot of traders with a lot more experience than me. But if I am wrong the move will be long enough that I still make enough money to stay in the game one more cycle.
BITSTAMP:BTCUSDShort
by This_Guhy
8
DASHBTC apparently developing a head and shoulders at resistanceI had mocked up these bands on the chart with the intent of looking for places to take profit on upside moves but it appears that Dash isn't going to make it through the orange zone just yet. There has been a downward channel with a slight broadening aspect to it since 2017 and seeing a head and shoulders at channel resistance does not make me confident that price will be able to break through at this time. The target on the head and shoulders is shown with a fib retracement that and the primary targets are going to be the 1.618 and 2 levels. That puts us within this half mast continuation pattern on the flagpole that began the multi-year consolidation that created the orange zone. My system for determining bias shows that there was some reason for hope on the weekly chart when DASHBTC hit the VSTOP MTF x3 but we have not followed through. And it also seems that we have slipped the 20 week (again). The MACD is below zero and it appears to be poised to cycle another bearish MACD-Signal cross. It seems that Dash is poised to drop around 55 to 66 percent against bitcoin. Linked ideas will show reasons to be bearish about crypto. I still think Dash has a lot of long term potential but it is certainly getting dogged right now. I am certainly going to keep a long term watch on DASHBTC and especially this trendline resistance. Dashusd has been great for swing trades for me for a long time but every time I look to hodl dash it betrays me.
Short
by This_Guhy
6
ADA and ADA.D and crazy targetsADA has had an extraordinarily good last 5 days and we are going into the weekend before the weekly candle closes so a lot of the observations on the chart are still pending. This post is just another iteration of my volatility and momentum system that I have developed over the last couple of years. Just grinding what works for me. The Thumbs up are what has flipped bullish and needs to be maintained till the weekly close. The question marks are what still need to develop and are unlikely to develop this period. Getting everything to be thumbs up on the weekly can get us a high probability impulse. Last time we went from 15c to over $2 before the weekly VSTOP flipped. We can outdo that this impulse. The chart below Using the double ichimoku clouds for trends and volatility we can see price action has popped above the kijun (crypto) settings and both clouds are bullish. This is a very good place to be if you are long. The On Balance Volume EMAs are getting themselves stacked bullish once again with OBV above the 10 EMA, which is above the 20, which is above the 100. There is not a lot of detail to the monthly chart but it is clear that no component of my system flipped bearish on this time frame while other top coins did. That puts ADA as a leader. I am not going to give you a powerpoint of death, but ADA is bullish on the daily, 3d and monthly according to my system. It just needs to get the weekly sorted out and I believe that has a high chance of happening. The chart on Ada Dominance is extraordinarily bullish. It may go x3 in 2022 in a bull market which suggest massive gains for ADAUSD. The rising wedge does appear to converge on the 1.618 level and generally that predicts a breakdown to the bottom of the wedge. In blow off tops you can see price action pop out the top of a rising wedge before reversing in dramatic fashion. This will be a chart to watch. Here is my crazy bull market scenario. I have seen enough movements assets to reach the 2 line that I think this has a higher chance of occurring than most people would initially accept. Have a look at TSLA. It consolidated for 6 years and then has gone up to the 3 line and might take out the 4 line on the next upleg. Absolutely crazy target. If you said that TSLA could be at 715 when it was at 50 (accounting for the split) and you thought 1400 was a target people would have called you mad. But a few years later here we are. And ADA has a lower market cap and a faster market cycle. Here is Bitcoin with a fib log channel from 2015 when it was under $200. That 1.618 line has been very predictive of stalls and tops. The 1 line was very powerful as support. I think we will see BTCUSD approach the 2 line, very easily. All that suggest to me that my ADA target is crazy, but doable. My plan? Look for pull backs to buy on the 12h or daily on heiken ashi candles and use those to add to my position and set stop losses. If price is above the clouds and above the 50 period and we go from red to green and get some shadow less candles it is time to look for an impulse. I hope to let my winners run and so I will be doing more of trailing my stops up than taking profits unless we are at a serious level on the fib log channel.
BINANCE:ADAUSDLong
by This_Guhy
12
EUR/CHF: High Risk Reversaltrade am ausbrechenLiebe Tradingview Community, das gesamte WSI Team wünscht Euch einen erfolgreichen Start in die Tradingwoche. :) Zu Beginn der Woche blicken wir auf ein Forex Longsetup für diejenigen, die vor dem Ami Open erhöhtes Risiko spielen möchten. Wir raten hier zu einer sehr kleinen Positionsgröße - da wir gegen den Trend traden. WSI Long Argumente 1. Bodenbildung an starker US-Zone im Monatschart/Wochenchart abgeschlossen. 2. Abwärtstrend visuell + strukturell gebrochen 3. Alle MAs in H1 geknackt 4. Kurzfristiger Aufwärtstrend Risiko Kein Trendsetup - dies ist ein Reversalsetup gegen den ursprünglichen Trend. Das Setup setzt auf einen Reversal zu WS-Zone bei ca. 1.0794. Korrelation Hohe Korrelation mit USD/CHF. Bei sich durchsetzender USD-Stärke würde USD/CHF auch long laufen. MTF Analyse Reversal nach starker Bodenbildung im Wochenchart. Chartsupdate in W1 folgt. Ein Longsetup mit erhöhtem Risiko zum Start der Woche. Euer Meikel
Long
by WallStreetIntelligence
1
Amazon (also) Appears to be in Wycoffian DistributionThe main chart has the Wycoffian distribution spelled out and if you want to check it against the criterion you can follow the link below, hit ctrl-f and search for "Distribution: Wyckoff Events" and you will be right there. Not everything is annotated, the chart would be way too cluttered. school.stockcharts.com www.ltg-trading.com As it stands I am still waiting for my entry to buy some OTM puts( I do have some SPXU and SQQQ calls that are going well but I don't feel the stress is worth it). Very often when the price breaks through the ice there is a low volume rally to the ice, or at the lower end of the ice range and that gives you the best chance for an entry into an impulsive move. In other words almost any continuation pattern around the ice should have a high probability of breaking down bearishly and any bearish patterns (like rising wedges) are definitely bearish. On the weekly chart we clearly see that the price action has been rangebound almost straight sideways but the On Balance Volume itself and the EMAS have been trending downward with the 20EMA bearishly over the 10. What remains to be seen is if the 100 OBV EMA will hold the OBV or the 10 and 20 OBV EMAs. If the obv EMAs stack fully bearishly then the price will look like a cat swiped it off the table. We can also see that the MACD has a lot of bearish divergence as well as the MACD histogram. The MTF VSTOP reinforces the trend as being bearish by providing resistance that is automatically and dynamically drawn, so I can't mess it up. The monthly chart below confirms that the ice isn't some random price action I observed, it was the long term VSTOP support. Back testing the chart shows that when the MTF VSTOP gets broken on the monthly we can expect some wicking below the 20 period SMA. Likewise, when the MACD crosses the signal line bearishly or goes red the 20 period SMA is a good place to accumulate. Even in late 2014 when we closed a monthly candle below the 20 we were fine. I have not shown the OBV in the chart below because it does not have any serious signals except the OBV has been trading around the 10 EMA. Some Macro stuff The only way we go much below the 20 period SMA is if we have a the NASDAQ bubble completely pop or a financial crisis like 2008. That scenario is certainly on the table given how horrific the news cycle appears to be and if international trade slows and the news picks up about supply chain problems Amazon is going to be hit particularly hard. Then we start looking for a long term value buy at the monthly bollinger band which is conveniently right around the ascending triangle. It is also rather convenient that the price is distributing right above the target of the ascending triangle. Pure support and resistance traders would be looking for the top of the triangle to be tested as support anyway. Debt is also getting expensive and so there is less easy money for firms and with inflation picking up there should be less items consumed at a higher price, which means less orders from Amazon Please have a look at my Wycoff chart on the NASDAQ Futures if the subject interest you.
NASDAQ:AMZNShort
by This_Guhy
3
Bitcoin: Big Alarm Bells about to be rung (VSTOP, NTV and BB)There is a lot in the chart but we can go bullet by bullet. I am using the three day intra-week setting but will look at other time frames as we dig in. VSTOP - A way of setting stops using the Average True Range, a measure of volatility to help chart trends. I have decided to only show the VSTOP acting as resistance to simply the chart. VVSTOP MTF - A multiple time frame VSTOP set to three times the default setting. In conjunction with the VSTOP it can show dynamic support and resistance, For visibility I have tweaked the charts to have the flag indicating the bullish MTF was breached show high on the chart. A black dot within a bulb occurs when the MTVSTOP is breached and then we close a handle below to confirm the break. Investigation: In 2017 there was a massive run up on BTC and at a high we had the VSTOP present bearishly and in short order the 20 period SMA was breached and the MTF VSTOP was breached and confirmed in short order and a massive bear market ensued. We see we are very close to having all three conditions met currently. We have 16 hours to close the candle and if we have flipped the VSTOP it will be another 3 days to get a black dot in the bulb and we start printing bearish MTF. 1 Week Chart This chart is a bit wonky. The log Growth curves are used to contain the vast majority of price action and the bolded lines show a lot of significance over the years. In part, if the are breached we can expect to transverse from one to the other rather quickly and either consolidate or proceed to the baseline of the upper limit. I altered the MACD to only show the histogram because to show the crosses on the log chart is basically impossible, so we can just focus on the histogram. The blue boxes show where the MACD crossed the signal and therefor the histogram flipped from green and positive and red and negative. But that is not the only condition for a blue box. The NVT had to transition from Red into Yellow signaling lower network value/transactions. Historically those conditions being met are devastating for BTC price. Now this chart is BLX and so it is a day behind. Here is our current chart. The MACD is clearly red and the bearish cross of the MACD and signal is upon us. We have not closed, but there is a breach of the log growth channel of interest. Another look at the weekly chart with the bollinger band in blue and the monthly bollinger band in green. This is simple, if we slip into the monthly bollinger band with a weekly MACD cross we are in a bear market. You can take your shorts at either the baseline of the weekly chart or at the top of the monthly Bollinger band. Here is a similar circumstance in 2013 and 2014. We have the MACD cross and slip into the monthly BB and we have a bear market. Also, the uptrend has been marked by falling volume and RSI going into this MACD cross In summation 3 day VSTOP bearish About to convert the 3d MTF VSTOP to bearish Broke the 3d 20SMA Weekly NVT and MACD combo look like hell Weekly and Monthly Bollinger and MACD combo bands look like hell Volume and is declining with rising price very suggested of the end of an uptrend on the weekly timeframe. Me Personally I am tethering up what I can except what I need to maintain some shorts. I had my some very long calls reach target and was willing to deal with the normal pull backs in crypto but at this point I cannot risk the upcoming volatility if I don't think we can return to these levels in a couple months or maybe even a year. If I am wrong I miss some gains till I see more strength in the charts. Oh well.
BITSTAMP:BTCUSDShort
by This_Guhy
2
A Quick Guide to Multi-Timeframe ScalingQuick Intro =========== Regardless of what type of trader we are, most of us will look at the same chart in different timeframes to help make the "case for a trade". The risk of doing so is that we need to understand the fundamental concept of Multi-Timeframe Scaling (let's call it MTF scaling) as we inspect the various timeframe charts of the same underlying, otherwise, we risk receiving confusing signals - that rather than helping a trade decision, will possibly hinders the decision, if not even triggering the wrong decision. This concept has possibly been published about here before - i though it won't harm to put together a quick primer / reminder if it helps some of our new fellow traders on TradingView - if this sounds interesting, please read on. What do I mean by Multi-Timeframe Scaling? ------------------------------------------------------- in my trading, and as i check if there's a good trade to make on, say TSLA- i would first look at the daily chart -- cause i'm a position trader. is there a trend forming? has there been a recent consolidation? is there a possible breakout soon ? ..etc i then "zoom-out" to a larger timeframe -- say the weekly chart. i need to see the prevailing sentiment and the "context" - this is important because even if it looks like a bottom is forming on the daily, if TSLA on the weekly shows a diminishing momentum, i would avoid making a long trade assume the larger (weekly) timeframe is favorable -- so i will then "zoom-in" to find an ideal entry - using a smaller timeframe chart - the 1hr or 15mins so what did we do here: ===================== Larger timeframe = Context and prevailing sentiment Medium timeframe = Trade Decision Shorter Timeframe = Trade Execution i will do the same for exits as well - i assume most traders have a similar "protocol" before they hit the trigger - but may use different "preferred set of timeframes" based on the type of trading -- day traders may use 15min for trading, with 1min for execution and 1 or 2Hrs for context -- swing traders may use 1hr for trading, with 10 mins for execution and 1 day for context and so on .... the problem for many traders, as they switch between the charts of various timeframes is, they will see conflicting signals .. the indicators/charts many of us use are usually not "sync'ed" - to demonstrate how this looks like, look at the chart on top - to demonstrate what happens when there's lack of indicator scaling across the timeframes, i used a 3-SMA basic system -- but the same concept applies for any indicators you use (RSI, MACD, ADX/DMI, Stochastic)....etc -- the list goes on :) -- so what's wrong here and how can it be fixed? ---------------------------------------------------------- There's nothing "really" wrong, it's just there's an element at play that we may not be aware of here - We need to get very familiar with that concept of "MTF scaling" when we switch between different TF charts - the concept is really simple, and the key is the "scale factor" the 1 day chart has 7 x 1hr bars (for stocks) -- so, for example, if i look at an SMA or EMA of length 9 on the daily chart, i need to look at the
Editors' picks
NASDAQ:TSLAEducation
by RedKTrader
67
XRP Using Fib Channels for Battle Planning.I have come to some realizations that have really helped my charting and its predictive power aside from some of the generic stuff about using higher timeframes and all that. Triangles form wedges Wedges form channels If you can draw a line, try to look for a channel If you can draw a channel, try and look for a fib channel Fib levels are places of consolidation or rejection for support or resistance I haven't tagged every level of the chart, just a few examples of these support and resistances. I have included positive and negative levels for the channel as fib extension and retracement because once you know and accept bow these levels interact you could experiment and see how the negative channel (the red levels) could have been used to predict the grey and blue levels. The current price action had a quick move to consolidation at the 0.5 level and then a blow off top at the 0.618 level. Price has retraced to the 0.5 level and so we have completed another flag pole consolidation and I find it similar to the plane icon in the lower left of the chart. BREAKOUT CONFIRMATION In the chart below of the last upgrend you see price action can move really quicly from one fib level back to another in a retrace and that is what I think is happening right now. For confirmation we see that the weekly MTF Vstop has been pierced and is in the process of confirmation. Should the blue eye with black pupil show up we will have a confirmed close above previous MTF resistance. The chart clearly shows that I think the green bear market is in the final stages and this will conclude when we go above the previous high by a few Fib channel levels and then retest the fib channel level as shown by the purple phase This current bear market on xrp has taken about an extra 30 weeks to conclude Which means that it would be a fair assumption that every stage after it would take longer but that is a soft prediction because the amount of quantitative easing the federal banks of the world isn't constant, and crypto adoption is also increasing. There is no telling if these phases will continue at the same or different rates. After our first flagpole consolidation we should complete the flagpole with a more time intensive consolidation shown in the blue area. From there we proceed to the thrid fib level so we can watch xprusd give up over 90% of its value, again. I have done similar analysis on both eth and xbt and those will be in the linked comments. I often use the VSTOP and MTF VSTOP to do dynamic auto charting but this time I have just used the MTF VSTOP in the chart to keep things cleaner. I am not going to show it here, but analysis on xrpeth and xrpbtc shows that xrp is the choice for now. For the long term investor going down to a lower time frame and using the VSTOP once we get above $65 and trying to take profit somewhere over $300 seems ludacris, unless you have seem this TA.
POLONIEX:XRPUSDLong
by This_Guhy
5
September 27 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: $3,200 High Volume Area; Friday’s Divergence From Value; Balance Area. Technical: Broad-market equity indices ended lower with the S&P 500 correcting as low as $3,200. Recapping last week’s action, Monday's test of the $3,200 high-volume area offered responsive buyers an opportunity to get in at favorable prices. Buying continued through Tuesday, before resisting an area of resting liquidity at $3,300. After disappointments in business activity data and stimulus talks, on heavy-volume and supportive delta, Wednesday's liquidation erased the entire week’s gains. Alongside improvements in home sale data, mega-caps and technology led the market higher, through Friday's close, away from value. Overall, in the bigger picture, the market is churning above $3,200, the site of a large high-volume area which denotes the market’s recent perception of value. When prices trade to a high-volume area, on a swing up auction, then trade should slow allowing responsive longs a good place to enter. Should prices trade and spend time below this area, then perceptions have changed and longs are no longer favorable, at least in the near term. Scroll to bottom of document for non-profile charts. Fundamental: John Authers, a Bloomberg columnist, suggested gold is falling due to rise in real yields. “When real yields rise then gold, which pays no income, can be expected to fall. This is true even if real yields are rising from deeply negative territory. To explain the intuition behind this, gold is widely regarded as a hedge against central banking irresponsibility. Recent speculation is that the Fed may not print money and cut rates with quite the gay abandon that had been assumed. This may or may not be good news for the U.S. economy, but it raises real yields and for investors in gold and in risk assets, who might benefit from currency debasement, it is definitely bad news.” bloom.bg Simply put, the theory that the Federal Reserve exhausted itself has buoyed real yields, which have an inverse relationship to metals. Key Events: Monday: Fed Mester Speech. Tuesday: Goods Trade Balance, Fed Williams Speech, Fed Harker Speech, CB Consumer Confidence, Fed Williams Speech, Presidential Debate. Wednesday: MBA Mortgage Applications, ADP Employment Change, GDP Growth Rate, Core PCE Prices QoQ Final, Corporate Profits, GDP Price Index, PCE Prices QoQ Final, Pending Home Sales, EIA Cushing Crude Oil Stocks Change, EIA Distillate Stocks Change, Fed Kashkari Speech, Fed Kaplan Speech. Thursday: Core PCE Price Index YoY, PCE Price Index YoY, Continuing Jobless Claims, Core PCE Price Index MoM, Initial Jobless Claims, Jobless Claims 4-Week Average, PCE Price Index MoM, Personal Income MoM, Personal Spending MoM, Markit Manufacturing PMI Final, ISM Manufacturing PMI, Construction Spending MoM, ISM Manufacturing Prices, Fed Williams Speech. Friday: Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings MoM, Average Hourly Earnings YoY, Average Weekly Hours, Non-Farm Payrolls Private, Participation Rate, Fed Harker Speech, Michigan Consumer Sentiment Final, Factory Orders MoM, Michigan 5 Year Inflation Expectations Final, Michigan Inflation Expectations Final. Recent News: Fed publishes scenarios for the second round of 2020 stress tests, a credit positive. bit.ly Sea level rise increases credit risk for U.S. coastal states and local governments. bit.ly Airlines are calling for COVID-19 coronavirus tests before all international flights. reut.rs Intel Corporation (NASDAQ: INTC) gets U.S. licenses to supply to Huawei. reut.rs China air force video appears to show a simulated attack on U.S. base on Guam. reut.rs How secular shifts will force the U.S. commercial real estate market to adapt. bit.ly Government aid and stock gains pushed U.S. wealth to pre-pandemic levels. reut.rs As U.S. business activity loses momentum, home price inflation accelerates. reut.rs JPMorgan Chase & Co (NYSE: JPM) to pay nearly $1 billion in spoofing penalty. reut.rs Higher inflation regime in medium term after decade of persistent undershooting. bit.ly A jump in U.S. coal railroad volumes, 2021 forecasts are driving up sentiment. bit.ly Global banks seek to contain damage over $2 trillion of suspicious transfers. reut.rs Amazon Inc (NASDAQ: AMZN) pushes security with indoor drones, car alarms. reut.rs Crude, product prices diverge as market looks to U.S. stimulus, COVID situation. bit.ly IEA analysis of innovation in batteries and electricity storage, based on patent data. bit.ly U.S. upgrades accounted for three-fourths of affected debt in the latest period. bit.ly Hedge funds see opportunity in the New York, San Francisco apartment markets. reut.rs Low interest rates create pension and investment challenges but lower debt costs. bit.ly China is on course for record LNG imports as industries recover and expand. reut.rs General Electric Co (NYSE: GE) plans to stop making coal-fired power plants. reut.rs COVID ‘firepower’: Britain imposed six month curbs against a second virus wave. reut.rs Microsoft Corporation’s (NASDAQ: MSFT) acquisition of ZeniMax credit positive. bit.ly Bombardier Inc’s (OTC: BDRBF) agreement to sell transport unit credit negative. bit.ly Coronavirus resets Latin American economies at lower base, driving asset risks. bit.ly California banning sale of new gasoline-powered passenger vehicles in 2035. reut.rs Data is suggesting that splits fundamentally change how stocks perform. bit.ly The corporate bond issuance boom may steady credit quality, on balance. bit.ly Per earnings and interest rate forecasts, valuations not supported fundamentally. bit.ly Data expected to confirm sentiment eased across most European countries. bit.ly Wary buyers and softer foreign demand, likely raised Japan’s unemployment rate. bit.ly On balance, 2020’s bond issuance boom enhanced overall financial flexibility. bit.ly Demographics and the rising cost of funding retirement may affect valuations. bloom.bg Key Metrics: Sentiment: 24.9% Bullish, 29.1% Neutral, 46.0% Bearish as of 9/23/2020. bit.ly Gamma Exposure: (Trending Lower) 1,152,474,010 as of 9/25/2020. bit.ly Dark Pool Index: (Trending Higher) 42.2% as of 9/25/2020. bit.ly Product Snapshot: S&P 500 (ES): TVC:SPX AMEX:SPY TVC:NDX NASDAQ:QQQ TVC:RUT AMEX:IWM Gold (GC): AMEX:GLD AMEX:GDX TVC:GOLD Crude Oil (CL): TVC:USOIL AMEX:USL AMEX:DBO AMEX:USO Treasury Bonds (ZB): NASDAQ:TLT Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:MES1!
by Physik
7
Bitcoin. a STRANGE phenomenon. All pivots in same placeLook at these central Pivot points (purple lines holding us back. They look about the same right? This is actually a freak occurrence I have not seen. Because these are the Daily, Weekly, and Monthly pivot point. what typically is normal is that these points can be hundreds or even over 1000 dollars difference in price. As of right now. they have all come to meet in the same location that we are currently being held under. What does it mean? It is unclear. It may mean that this place may act as very hard resistance. It could also mean strong conviction and volatility break and closing above them. One thing is for sure though. It is a good place to manage a trade from. I wouldn't get bullish below them. And I probably wouldn't be as bearish if we climbed back above them. What are your thoughts on the matter?
COINBASE:BTCUSD
by Gunslinger2005