Neutral
BTCUSDT (Neutral) After a long period of whales manipulation and consolidation, bitcoin or btcusdt had finally moved down!
It trapped the bulltards before reversing the market to go down.
We finally moved down to 21k usdt.
Now, I bias is neutral, either we move up from here or we continue to go down.
There is an upcoming FOMC news!
How do you think it will move the market?
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Possible head and shoulders bottom forming, but I'm cautious. This is the 15 minute chart for the SPY. The CICO Report is set to 48 or 12 hours((48x15)/60), this is painting the chart red, grey and green. The CICO report shows constant selling for the last 3 days, you can see this by the large red pool forming. However, the end of trading today showed a lot of buying volume. Pay attention to the 375 price action during trading tomorrow. If 375 is not respected as support, 350 becomes the next visible support in my view.
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SPY with Ascending Channel on Multiple TimeframesPattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
MrALtrades00
*Lines were used on some of the timeframes to easily identify trend line touches.
*This is not financial advice.
$PEAK with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $PEAK after a Negative over reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
FCEL TRADING OPPORTUNITYUpward channel, Great place to get some strangles either call debit spreads with the same on the put side to lower risk but cap gains.
I except fcel to test the 200 ema around $5 whithin the coming weeks.
Options play is a strangle/straddle best used with debit spreads.
Price targets - $5+ and $3- if it breaks the $3 dollar mark we would most likely see $2. if it breaks above the 200 ema we might have a break out to take us above $6
Is it over for crypto??The market does look bad. BTC has lost weekly and monthly supports that turned into resistance. Is bitcoin about to print 10th(!!!) weekly red candle? I have never seen such bearish sentiment in 5 years. Are bears gonna get away with it so easy? Easiest long trade would be if BTC could reclaim weekly support ant 31.5k. My personal view is that we should have a relief bounce sooner than later. Probably BTC will continue to range forming bullish divergence and initiate the squeeze into 38-40k area as shown in green scenario. From there we could continue crawling down again. Worst cast scenario, which is very unlikely IMO, we just continue to dump with no bounces into the next weekly support. If you are looking for shorts, you are too late IMO.
Thoughts on CADJPYAfter the failed gartley with AB=CD pattern, we can see too things the market would do: bullish because of a flag pattern (or channel, depending if you see it as geometry or harmonic theory) or bearish because of an ideal AB=CD pattern as 0.786 : 1.27. I recommend to wait for signals when it approaches to a zone marked. In that case, bearish possibility at 101.681 - 101.969 or bullish possibility at 100.148 aproximately.