LTCUSD: Strong Bullish Momentum with 68.87% Probability for TP1!I’m optimistic about Litecoin (LTCUSD) right now, and here are some compelling reasons to consider this trade:
- Market Recovery: The overall cryptocurrency market is bouncing back, with many coins, including Litecoin, showing positive price movements after recent dips.
- Growing Adoption: More people and businesses are starting to use cryptocurrencies for transactions, which could increase demand for Litecoin.
- Tech Improvements: Litecoin is undergoing updates that make it more efficient and user-friendly, attracting more interest.
- Positive Sentiment: Many analysts are optimistic about the future of cryptocurrencies, suggesting that prices could continue to rise.
To get positioned for long trades on LTCUSD, I rely on probabilities based on historical data in a mechanical trading system.
In short, my bullish outlook on LTCUSD is supported by strong market fundamentals, and by using probabilities from historical data, I aim to position myself effectively for potential long trades.
Please share your ideas and charts in the comments section below!
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Multipletimeframeanalysis
USOIL: Bullish Fundamentals and 61.60% Probability for LongsKey Fundamentals
- Decreased OPEC Exports: Recent reports indicate a decline in crude oil exports from OPEC and Russia, tightening the market as refinery runs ramp up for seasonal demand. This reduction in supply is likely to exert upward pressure on prices2.
- Geopolitical Tensions: Ongoing geopolitical risks, particularly in the Middle East and Ukraine, continue to add a risk premium to oil prices. Traders are increasingly factoring these uncertainties into their market strategies2.
- Rising Demand: With the U.S. economy showing signs of recovery and better-than-expected market fundamentals, demand for oil is anticipated to rise, further supporting higher prices12.
- Technical Indicators: Current market sentiment shows USOIL trading above its pivot point of $74.80, with support levels around $74.00. The Relative Strength Index (RSI) is at 56.16, indicating a healthy trend without being overbought1.
I'm employing a probability-based strategy to position myself for long trades in USOIL.
By incorporating these fundamentals and probability analysis into my trading approach, I aim to leverage the current bullish sentiment in USOIL effectively.
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Using Probability to Guide My Long Positions on NZDUSDThe NZDUSD pair is showing bullish potential due to several key factors.
Recent US inflation data came in softer than expected, which could lead to a more dovish stance from the Federal Reserve.
Additionally, the Fed's recent interest rate cut is likely to weaken the US dollar, benefiting the New Zealand dollar.
These factors, combined with NZDUSD's positive momentum over the past week and month, support a bullish outlook for the pair.
To capitalize on this potential, I'm using probability-based analysis to enter long positions. By focusing on high-probability setups, I aim to achieve more consistent results over time.
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I’d love to hear your thoughts on the NZDUSD outlook and my trading strategy. Please share your insights or questions in the comments below!
Exploring the Bullish Outlook for Litecoin (LTCUSD)Litecoin (LTC/USD) is showing a bullish trend, supported by several key fundamentals.
The cryptocurrency market is experiencing renewed interest, with Litecoin benefiting from its reputation as "digital silver" alongside Bitcoin's "digital gold" status.
Litecoin's upcoming halving event, expected in August 2023, is generating excitement as it typically leads to increased scarcity and potential price appreciation.
Additionally, Litecoin's growing adoption in real-world transactions and its recent integration into various payment platforms are contributing to its positive outlook. The overall crypto market sentiment is improving, with institutional investors showing increased interest in alternative cryptocurrencies like Litecoin.
I'm utilizing probabilities on my charts to get positioned into longs for Litecoin.
Now, let's take a closer look at my analysis.
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Feel free to share your thoughts and ideas in the comments below!
XAGUSD: A Bullish Perspective and Top-Down AnalysisSilver (XAG/USD) is showing a bullish trend, supported by several key fundamentals. The ongoing global economic uncertainty and geopolitical tensions are driving investors towards safe-haven assets like silver.
Additionally, the increasing industrial demand for silver, particularly in the renewable energy sector and electronics industry, is contributing to its positive outlook. The weakening US dollar is also playing a role in boosting silver prices, as the precious metal becomes more attractive to international buyers.
I'm utilizing probabilities on my charts to get positioned into longs for Silver.
Let’s get into the details of my analysis.
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USOIL : Why a 56.53% Probability Signals a Strong Bullish Move!The current global landscape presents several factors supporting a bullish bias for USOIL:
Geopolitical Tensions: Ongoing conflicts in the Middle East continue to create supply uncertainties, potentially driving prices higher.
Economic Recovery: As major economies show signs of improvement, demand for oil is expected to increase, putting upward pressure on prices.
OPEC+ Production Cuts: Recent decisions by major oil-producing countries to limit output could lead to tighter supply conditions.
Leveraging Probabilities for Strategic Positioning
I'm utilizing probabilistic analysis on my charts to get positioned into longs. Here's why this approach is valuable:
1. Risk Management: By assessing probabilities, I can better gauge potential outcomes and adjust my position sizes accordingly.
2. Identifying High-Probability Setups: Probability-based analysis helps pinpoint trade entries with higher chances of success.
3. Emotional Control: Using probabilities provides a more objective framework, reducing the impact of emotions on trading decisions.
4. Adapting to Market Conditions: Probabilistic thinking allows for flexibility in strategy as market conditions evolve.
By combining fundamental analysis with a probability-based approach to technical analysis, I aim to capitalize on the bullish potential in USOIL.
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Top-5 tips for Top-Down Multiple Time Frame Analysis Trading
I am trading multiple time frame analysis for many years. After reviewing trading ideas from various traders on Tradingview, I noticed that many traders are applying that incorrectly
In this article, I will share with you 5 essential tips , that will help you improve your multiple time frame analysis and top-down trading.
The Order of Analysis Matters
Multiple time frame analysis is also called top-down analysis for a reason. When you trade with that, you should strictly start your analysis with higher time frames and then dive lower, investigating shorter-term time frames.
Unfortunately, most of the traders do the opposite. They start from a lower time frame and finish on a higher one.
Above are 3 time frames of EURGBP pair: daily, 4h, 1h.
To execute multiple time frames analysis properly, start with a daily, then check a 4h and only then the hourly time frame.
Limit the Number of Time Frames
Executing multiple time frame analysis, many traders analyse a lot of time frames.
They may start from a weekly and finish on 5 minute time frame, going through 5-8 time frames.
Remember that is it completely wrong. For execution of a multiple time frame analysis, it is more than enough to analyse 3 or even 2 time frames. Adding more time frames will overwhelm your analysis and make it too complex.
Analyse Particular Time Frames
Your multiple time frame analysis should be consistent and rule-based. It means that you should strictly define the time frames that you analyse.
For example, for day trading, my main trading time frames are daily, 4h, 1h. I consistently analyse ONLY these trading time frames and I look for day trades only analysing this combination of time frames.
Higher is the time frame, stronger the signal in provides
Trading with multiple time frame analysis, very often you will encounter controversial signals: you may see a very bullish pattern on a daily and a very bearish confirmation on 30 minutes time frame.
Always remember that the higher time frames confirmations are always stronger, and their accuracy is probability is always higher.
Above there are 2 patterns:
a head and shoulders pattern on a daily time frame with a confirmed neckline breakout, and an inverted head and shoulders pattern on a 4h time frame with a confirmed neckline breakout.
2 patterns give 2 controversial signals:
the pattern on a daily is very bullish and the pattern on a 4h is very bearish.
The signal on a daily time frame will be always stronger ,
so it is reasonable to be on a bearish side here.
You can see that the price dropped after a retest of a neckline of a head and shoulders on a daily, completely neglecting a bullish pattern on a 4H.
Each Time Frame Should Have Its Purpose
You should analyse any particular time frame for a reason.
You should know exactly what you are looking for there and what is the purpose of your analysis.
For example, for day trading, I analyse 3 time frames.
On a daily, I analyse the market trend and key levels.
On a 4H time frame, I analyse candlesticks.
On an hourly time frame, I look for a price action pattern as a confirmation.
On GBPAUD on a daily, I see a test of a key horizontal resistance.
On a 4H time frame, the price formed a doji candle.
On an hourly, I spotted a double top, giving me a bearish confirmation.
These trading tips will increase the accuracy of your multiple time frame analysis. Study them carefully and adopt them in your trading.
❤️Please, support my work with like, thank you!❤️
EOY Review $HAL messy....inside yearNSE:HAL
2 UP on the quarter but not strong enough to close above Q3 high
inside year = no clear direction
messy 3M chart = neutral and a need to wait for more clues
oil & energy (related) names not the strongest this year, which could mean (more) potential upwards, but need to see price confirm that suggestion first
EOY Review $GOOG strong year heading into exhaustion levelNASDAQ:GOOG
Magnificent 7 did great this year, GOOG included
strong close, 4 green quarters in a row
exhaustion risk -for what it's worth- around that 152 level
will be interesting to see how this level (and similar levels for the other big 6) will play any role in what the big guys/institutes will do here
let's watch and see, anything can happen, incl. big tech (check out '22)
EOY Review $DOW how to make 0,11 $ in 4 years....NYSE:DOW a great example why long term investing doesn't always beat shorter term speculating/trading
current price at same level as EOY '19....
closed the 2 down quarter green, above the low of previous quarter = positive
inside year = no clear direction, until market gives us new clues = neutral
anything can happen
EOY Review $DIS first baby steps back up The good thing about NYSE:DIS is the outside quarter
but, it couldn't close above that Q3 high, so still not that strong of a look
given it took out the low of '22 and closed above it, this could mean we've seen the worst
overall, if the 3 on the quarter might see some continuation upwards, I see this just as the first baby steps of what could be a nice run back up
so, first things first, let's see a close above the Q4 high first and than see what's next
anything can happen
EOY Review $BAC outside quarter, looks promising Financials did well in Q4
NYSE:BAC with a bright green 3 on the quarter
hammer on the year, with lot of upside potential
notice that other financials e.g. JPM ended the year at/above previous highs
meaning BAC wasn't the strongest of them
but, also could mean more upside potential
let' see how it plays out in '24
no predictions, price and time will tell
anything can happen....
EOY Review $BABA mother bar problems on the year.... Inside year, see how BABA got stuck in between the high and low of 2022
going nowhere, you can hear Rob say....
bearish shooter look on this yearly red inside bar
ugly
sure, it might get taken back up, but let's start with a reversal quarter first and we'll go from there
taking out the low of '22 seems more likely at this point
let's see, no predictions
EOY Review $AMZN still some pivots to take out upsideNASDAQ:AMZN another bright green candle on the year
it did take out the low of previous year in Q1 by a bit
so, strat wise it's a 2 down on the year, obviously bright green
is it extended? maybe.....
but, the good thing for those with a bullish bias, still 2 previous yearly highs to take out
how strong will AMZN be in 2024? Let's see
EOY review $AMD explosive move up, still inside year NASDAQ:AMD what a move, bright green year, but still inside year
outside quarter, inside year
extended? maybe, who knows, but....
always room for a further move up, especially given the highs of '22 and '21
both, not taken out yet....
let's see how semi conductors will move from here, in the A.I. era
EOY review $AAPL big mamaAAPL outside quarter and outside year
exhaustion risk, with a little nuance
see how it did take out the Q3 highs, but couldn't close above it (although bright green)
one of the good things about zooming out to the higher timeframes, is that another (massive) move up can occur
also known as a 3-2 to the upside
let's see what happens, keeping an aye on it for sure
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.
BTCUSD Ready to exit this big diamondBTCUSD reached further the supply area in overbought condition. A potential decrease of 7% can occur if the price action interact with the anchored VWAP from ATH. This potential movement can ignite an impulsive 5-wave bearish exiting of this big diamond pattern, which is likely complete.
Fisher Transform suggests the direction of the price action in 2H and 1D timeframes. Overbought condition on macro scenario, in which the price seems to be form a top, ready to a swing downward to complete a 5th wave of a expanded ending diagonal, likely to finish the actual bearmarket.
EU Already up 90 Pips on week? beware of FOMO. After gapping up 40 Pips, then creating another leg up 50 pips Higher High to 1.07392 Daily Zone, I can see fomo kicking in. I think it's likely that
we will see a harsh liquidity pullback to 1.06895 Daily Zone before a further bullish continuation on the week ( which just began! ) Already moved up 90 pips..
quite a move for EU during the first session of the week. Short term at least looking for fakeout during London Open (1st of the week). CPI on Tuesday, We'll see how the first
few sessions of the week unfold here.
London Close Volume. Fakeout for Bulls or Continuation for BearsAnticpating that we may fakeout on the 1hr Timeframe and dip back below 1.062. We may, consequently, drop to 1.06 where i will look to TP. We may keep dropping or continue to test
these Pullback areas on the 4hr/1Hr Timeframes. It would be good for bears if the 4hr candle closes below 1.062. Bulls need close above there. Consumer sentiment missed by a decent margin. Causing concern. Investors may continue to pile inot this already crowded trade. We'll see what happens. Speach and manufactuaring data upcoming this week