$PEAK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PEAK after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Neutral
$OXY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $OXY after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
BTCUSD Weekly Forecast Analysis 3-7 Oct 2022 BTCUSD Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 10.02% for this week, rising from the 9.61% from the last week.
Currently there is around 31.7% that the asset is going to close either above or below the channel:
TOP 20900
BOT 17230
The current volatility percentile is around 70th, and in this situations in general the
AVG weekly bull candle = 5.4%
AVG weekly bear candle = 7.67%
With this mind, from the opening price it would situate us around
TOP 20000
BOT 17500
At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a
64% that we will break the ath of previous weekly candle of 20380, and there is a 25% that we will touch 18500.
However if the current price is going to go below the opening of 19060, the ratios are going to be reversed, the 18500 will become 65%
and the 20500 will become 25-30%.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 62% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
$CNA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CNA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Reef - at the brink of a directional changeReef has been following un upward trend in the last couple of days and it is currently on the brink of a directional change, in case it breaks the uptrend support.
If history repeats itself , we might see a bounce in the next hours.
Stay cautious and use tight stop loss
$J with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $J after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
$E with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $E after a POsitive Under over reaction following its earnings release placing the stock in drift A with an expected accuracy of 90.91%.
BITCOIN BACK TO 18800$ AGAIN?⚙️⚙️⚙️⏱Bitcoin is testing the price of $18,800 again. I was in no rush to trade, but I said that this analysis would be in this condition. Now we only move sideways. The price will be around $18,800-$18,000 again in these weeks
$SMFG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $SMFG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 88.89%.
$MGA with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MGA after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
$BEN with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BEN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
$BAX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BAX after a Negative Under reaction following its earnings release placing the stock in drift D.
$ABEV with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ABEV after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
$DLR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DLR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 76.92%.
Short term idea on BTC BTC have dumped pretty well after FED release but next day it go up as expected to the price that was before fed announce. The next FED will be at November. I think we might seen now consolidation for next days.
$LBTYB with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $LBTYB after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90.91%.
$IP with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $IP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
USD/CAD UPWARD CHANNEL BREAKUSD/CAD has been in an upward trend since the 24th of May, We can see a bread out of the ascending channel on the weekly, we are most likely to see a continuous rally to point X(1.36426). A strong break below level Y(1.30000) will indicate a fall in price to at least 1.26000
$PCG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PCG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
$MT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 20%.
$LKQ with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $LKQ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
USD/CAD Waiting For BreakoutUSD/CAD has been bullish for the past 8 days and we are currently seeing weakness in price. Waiting for a break above or below level X or Y to determine future price direction.
BTC - potential double bottomHello,
It's been a while since the last crypto pair update I made, but since we are more or less in a full blown bear market I decided it is worth the time to start sharing ideas again without the need to include moon targets in every post to gain viewers etc.
The gameplan here is simple.
On the main chart - BTC/USDT on 1W we see a clear Double bottom pattern in the making. If we manage to get a proper upside and break the neckline then we get our reversal with main target right above the long-term diagonal resistance line around $32,000.
We lose $19,000 and the doors to the $10,000-$12,000 OB will be wide opened.
Now, switching to the 1D chart, I cannot pretend I cannot see the similarities between the price action in the last few months and the Wyckoff Distribution Schematic #2. So we might have entered Phase E which is the final act and we are about to see the final capitulation before starting the cycle again.
There is a big chance we are in Phase A of the ACCUMULATION already which suggests a re-test of the support will be next.
Then we can see something like this:
As always, we need to adapt to what is going on on the charts as they evolve and are impacted by both TA and fundamentals.
Cheers,
