GBP/USD Probability for 13/10/22 15min TFI mention that till Fri we can expect consolidation and I think that is what is going to happen today.
I'll watch out for CPI news at 8.30 NY time. I think that due to the increase in interest rate last month, inflation will start to decrease which means $$$ will get stronger and other currencies weaker. I'll expect sharp move to downside at 8.30 first and price will slowly go up after that with another 0.30% to 0.50% to take home.
Let's see if that plays out.
NEWS
Important news for EURUSD are coming upToday, we have the Consumer Price Index results for September.
This is an important event that will bring some volatility.
The best opportunities will come after the news!
A breakout above 0,9774 will probably take price towards 1,0000!
A breakout below 0,9669 will most likely mean a continuation of the downside move!
We are probably going to see some tricky moves and stop loss hunting during the first few minutes of the news but remember that patience is required!
Why Good News Crashes Markets"But the news wasn't that bad, why is the market falling??"
When news or economic data hits the wire, markets move. Many traders are left scratching their heads, trying to come up with an explanation for why the market tanks on good news or rallies on bad news.
Don't waste your time.
It turns out, news is usually just a catalyst that allows momentum traders to profit off of a position they've already established, or lays the groundwork for their next trade.
As an example, take the overnight session preceding this morning's PPI print.
First, size traders accumulated (bought) under VWAP. Then, they drove the price up around 12am, and proceeded to distribute (sell) for a profit above VWAP.
Look at where the majority of volume was transacted, the VPOC. When this moves above VWAP, it tells you distribution may be done.
What happens next?
Size traders have made their money for the night, and no longer provide a bid. As soon as news or data comes out, they allow price to fall and may even sell into it.
And the cycle starts over again, now at an even better (lower) price.
Understanding this has helped me immensely; I sincerely hope it helps you too. Questions? Hit me up in the comments.
RLinda ! MATICUSDT-> will the decline continue? MATICUSDT in the global perspective is set to fall, after a slight rise to the 1.0547 mark, the chart shows the settings that portend a further decline in price.
On the global chart, after a correction from the 0.300 zone, an upward correction to 1.0500 is formed, after which the price forms a downward range with the goal of continuing to fall
On the local chart a "descending wedge" pattern is forming, but as we see, the price is not yet ready to break through resistance, after updating the local lows, the price is going to continue to fall
I assume that after the pullback to the resistance area, the fall will continue, and the price may reach the support area of 0.6900.
Regards R.Linda!
BTC & ETH - Detailed Top-Down Analysis - Day 81Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
81 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
🤖 #BTCLIVE - 10.10 🤖🤖 #BTCLIVE - 10.10 🤖
TLDR:
*Bullish:Bearish
Short-Term
60:40
Long-Term
70:30
OVERVIEW:
Its going to be a pretty quiet couple of days volaitlity wise I feel with little to no news on the cards from the fed - so we should be following TA quite nicely. There is a descending broadening wedge formed on the 1hr which is pretty bullish overall although it depends how close we are to Weds/Thurs before this market structure is broken. It is looking like a touch of $19.5k is on the cards to test the WEekly pivot and likely a drop back down to $19k. There are some big orders at $19k obviously. Losing that will very likely see $18.7k almost immediately and possibly start a much much bigger fall. In the opposite wat a break up of $19.5k could quickly see $20k again although I feel it will take a small miracle to break that this time round. Either way I am still toppping up my shorts for a visit to $18.7k personally.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Oversold on the 1hr
+ Descending Broadening Wedge Forming
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
+ New Bullish Weekly Pivot
+ BPT Dip Buy 1hr
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
KEY NEWS:
- Very volatile Weds & Thurs upcoming with CPI & PPI data coming in
- FTX and Visa partner to permit crypto payments in 40 countries
cryptopanic.com
- Justin Sun to purchase Huobi
- JUST IN: 🇬🇧 Bank of England doubles QE bond-buying.
🤖 #BTCLIVE - 09.10 🤖🤖 #BTCLIVE - 09.10 🤖
TLDR:
*Bullish:Bearish
Short-Term
80:20
Long-Term
60:40
OVERVIEW:
Not a huge change in outlokk from last BTCLIVE, we rejected from the macro trendline and tracking slowly down to the core support at $18.7k region where we will either bounce back up to $19.7k region or break and start the journey towards the new local lower low. This should be sitting arounf the $17k and below region. Either way a short isn't a bad move to be making right now. The volatility from WED and Thurs data could be the straw that breaks the camels support here as timeline wise it is looking like it will sync.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Bullish Weekly Pivot (s)
+ Bullish CME Gap
+ Bullish DIvergence 4hr
+ Bullish Divergnece 1W Forming
+ RSI Near Oversold Weekly
Bearish Factors:
- Broken 20DEMA
- VWAP Resistance
- 20 & 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
- 200EMA 1h Resistance
- Bearish Divergence
- Local Bearish Trendline 1hr
- Local Resistance 1hr & TD9
KEY NEWS:
- Very volatile Weds & Thurs upcoming with CPI & PPI data coming in
- FTX and Visa partner to permit crypto payments in 40 countries
cryptopanic.com
OCEANUSDTHello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
Bitcoin Scalp Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $20,160📉
💵 Length of trade: we are expecting BTC to hit a $300 scalp, with a high end of $450, and a minimum expectation of $200.
🕰️ Duration of trade: we are expecting the Min. Profit Target to occur in under 5 hours from this signal.
- Then we see a longer duration of 14 hours for the Excepted Target.
🤖 #BTCLIVE - 07.10 🤖🤖 #BTCLIVE - 07.10 🤖
TLDR:
*Bullish:Bearish
Short-Term
80:20
Long-Term
45:55
OVERVIEW:
Favouring the bearish sentiment now with the break down of the short timeframe ascending triangle due to the fed news dropped. This sentiment will likely continue to $18.5k where we will see the first key long term support and also the bottom of the longer term market structure of the descneding tirangle. In a macro sense there is a weekly descneding wedge which would suggest a new local lower low to about $16k. If we bounce and hold at $18.5k then a revist to $19.8k would n't be unsurprising. The next break up of $20k would be an extremely bullish sentiment and an initial $21.3k would be a good target - this would have bigger implications with breaking out of a macro bear trendline.
TECHNICAL ANALYSIS:
Bullish Factors:
+ Broken 20DEMA
+ Bullish Divergence On Support
+ Breaking Key Supply Zone
+ Bullish CME Gap
Bearish Factors:
- VWAP REsistance
- 50DEMA Resistance
- Descending Triangle Pattern
- Longterm Trendline Resistance
KEY NEWS:
- US
Non-Farm Employment Change
263K 248K 315K
- US
Unemployment Rate
3.5% 3.7% 3.7%
- US
Average Hourly Earnings m/m
0.3% 0.3% 0.3%
- Binance $1.5b BNB hack
- BREAKING: VISA to launch Bitcoin and crypto backed debit cards in 40 countries in partnership with FTX!
- NEW: Bitcoin will be a catapult for Latin American nations - Mexican Senator Indira Kempis
EURUSD before NFP Today is the first Friday of the month and we will see the publishing of the non-farm payrolls.
This will affect all instruments traded against the USD.
We want to see EURUSD with a clean move and better setups throughout the next week.
Right now, we are not looking to enter before the news!
0,9710 is an important level and if we see the market rejecting it, we will probably see another move higher to 0,9920.
POTS- Bullish Momentum on Biden Pardons LONGWith a news catalyst, of the pardoning of all cannabis possession federal convictions,
POTS put in some wide range green candles to celebrate the increasing sediment towards
federal legalization.
As the 15-minute chart shows, a downtrending line was broken by price and then retested.
The setup is ripe for a swing long at this time. I see the constituents of this ETF
like SNDL CGC ACB TLRY IIPR as candidates for trades as well. On the other hand,
They could pop and drop and so be candidates to short or take put options.
ethereum todaySo far the chart shows that we are in fact inside a bearish market. what does that mean for you? It means that you have two choices to (1)build your position which means to purchase more of this coin and be patient enough to be on the upside or wait till everyone is talking about it and never find out what it means to be on the right side of the table either. I am backing up the truck and making deposits to the bank so that we can build the biggest portfolio to have the best outcome possible.
Let me know in the comments what you are doing or why you think my Price prediction is wrong.
SPX 10/5/22 Small LossTried to catch a possible continuation. But so far doesn't look like it's ready. Set a pending order at the top of the small 15m-FVG and went about 100 pips in profits.
Usually once I'm up 100 pips I'm trailing at that point or I'm reducing my initial stop loss. Most of my setups, if they are right, I'm good to go once I'm 100-200 pips in profits and I'll accept a BE or a small loss.
This scenario after taking the drawdown closer to the SL, I added onto the trade. In total, 5.2% loss on this one so nothing one, while only using risk based on 10% of my total account size.
#Longevity
AAPL , Advanced Trade Setup - Apple Spread Option AnalysisWe are entering a long position in AAPL using option calls. There are many ways you can go long for this play, but we strongly feel AAPL will hit around $170, so a pure call is our play.
For those who want a safer route we suggest either just getting the stock on spot, or enter into spread options.
Our strike is $155 with a Dec. 16th expiration. Though we do also like $160 strike too for a cheaper price, with the same expiration.
This is a swing trade, and with the current market conditions this entry seems at a perfect point.
With September - the worst trading month of the year - ending, we like the place that AAPL has fallen to. A head of us we have better performing months, coupled with the synthetic push up that usually occurs after Thanksgiving, added with a new iphone released seems positive. This seems it could create extra fuel for an equity that has already had a decent drop, and leveling out.
Today we had the SP drop hard, accompanied by Forex, Gold, and Crypto. During this time AAPL rose slightly, so seeming these other markets probably have stopped the fall for now, it looks this could add to the entry time being opportune.
🤖 #BTCLIVE - 4.10 🤖🤖 #BTCLIVE - 04.10 🤖
TLDR:
Short-Term (-1 Day)
40:60- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
60:40 - Bullish:Bearish
OVERVIEW:
With no particularly crazy FED announcements this week and no BTC options expirations we should be in for a relatively low volatility week. $20k is looking particularly hard to break so I am expecting consolidation around this area to form a bit of a bullish pennant that is set up to fail unless it can start to trade and consolidate above $20k comfortably ie. at least a daily close above $20k.
The DXY has dropped alittle bit to allow this run up for BTC although is finding dupport on the 20DEMA there now so that might bounce and take BTC down with it. For general targets - breaking above $20.3k in order to see $21k although any higher than that is going to be a stretch which will fill the weekly pivot.
Breaking below $19.7k will likely see BTC reenter the high value area for continued ranging between $19k/$18.8k to $19.8k. I am not hugely bullish atm.
TECHNICAL ANALYSIS:
BULLISH FACTORS:
+Broken out of 200EMA & 20DEMA
+ Broken up out of High Value Area
+ Lots of bullish news
+ Large unfilled weekly pivot area
+ Low value areas overhead
+ Broken Local Trendline resistance
+ Descending Wedge on the Weekly
BEARISH FACTORS:
- 50 DEMA Resistance Incoming
- Double Top
- Bearish Divergence
- High Volume Node Resistance
- Overbought on 1h RSI
- Key Overhead Resistance
NEWS:
Bull:
+ Russia allows international trade ing BTC and crypto for any industry
+ 🦄 Fashion brand Hugo Boss announces plans to launch its first-ever #NFT collection.
+ Argentina's state-owned oil & gas company is mining Bitcoin at one of the biggest oil fields in the co… t.co
+ New York FED President John Williams says inflation will likely come down to 3% by next year.
Bear:
- Reserve Bank of Australia raises interest rates by 25bps to 2.6%, highest since July 2013.
- SEC fines Kim Kardashian $1.3 million for illegal promotion of crypto token
cryptopanic.com
Volatility
* UN Warns Fed to Cool Rate Hikes
cryptopanic.com
* Financial Stability Oversight Council calls on Congress to create federal framework for #stablecoin issuers.
* Biden administration urges Congress to pass laws to clear up #cryptocurrency regulation.
XAUUSDWe anticipate XAUUSD to reach the third touch of our upper trendline and continue the downtrend, the structure has been forming lower lows and lower highs, awaiting the point of a lower high, however should price reach the upper trendline and start accumulating, the bias will need to be revisited
SPX Loss 9-30-22 Too early SPX Loss 9-30-22 Too early
Today attempted buying and loss after jumping in too early with a tight SL. Only used about an 1/8th of my normal lot size so the loss is nothing major at all. Was looking for a move off of the 15m+FVG and it moved instead off of the 15m+OB. Wasn't being patient this morning with this setup and jumped in before the orders came through.
NAS orders didn't come in until the 9:45am candle and I entered the trade around the open ahead of the orders. A little more patience and I at least get to close at BE. So today was a missed trade on the drop and a small L. I'll take that!
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 72.5% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $19,075📉
💵 Length of trade: we are expecting BTC to hit a $700 scalp, with a high end of $1,100, and a minimum expectation of $450.
🕰️ Duration of trade: we are expecting the Min. Profit Target to occur in 4.5-6 hours of this signal.
- Then we see a longer duration of 14 hours for the Excepted Target. We are thinking possibly a longer term to 2 days for a continued recovery bounce.
📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
🤖 #BTCLIVE - 29.09 🤖🤖 #BTCLIVE - 29.09 🤖
TLDR:
Short-Term (-1 Day)
70:30- Bullish:Bearish
Mid-Term (1 Week+)
40:60
Bullish:Bearish
Long-Term (1 Month+)
60:40 - Bullish:Bearish
OVERVIEW:
All things looking relatively bullish over the next day or so for BTC - there is still some significant resistance to get through at $20.5k region with long term trendlines and high resistances volume. September close is notoriously bearish, so I still expect this to ring true. Expecting some very heavy volatility tomorrow with the options expiration. Ultimately my general thoughts are that we are going to track up to about $20.5k and then have a very heavy retracement from there - this could well extend well below $19k back to the $18.7k support. We are nearing the end of this daily Descending triangle so a big move is expected out of that, they are a a pretty bearish pattern and the weekly descending wedge also suggests that a $16k is still on the cards without invalidating the pattern. So in a nutshell don't commit too heavy to longs rn , we still need to break this 20DEMA in order to get any where and losing $19.1k and the 200EMA on the 1hr will likely see the start of the downward movement.
TECHNICAL ANALYSIS:
+BULLISH FACTORS:
+ Low overhead Volume to $20.5k
+ Flipped VWAP
+ FLIPPED 200 EMA 1H
+ Holding Daily Support
+ Bullish Divergence on the Daily
+ Descending Wedge on the Weekly
+ Volume is consolidating for breakout
BEARISH FACTORS:
- 20 DEMA proving tough resistance
- Overbought Rejection on Local Resistance
- Descending Triangle on the Daily
+ Local trendline resistance
NEWS:
Bull:
+ Senator Lummis calls out U.S. leaders to welcome Bitcoin as it ‘can’t be stopped’
+🇦🇪 UAE's Ministry of Economy opens headquarters in the #metaverse.
+ UK investors turn to Bitcoin as GBP weakens, new data shows
cryptopanic.com
Bear:
- Gary Gensler Speaking today
Volatility
* Powell speaking today at 3.15pm UK time
* Options expiration on tomorrow
MARKET SENTIMENT:
Fear & Greed Index - Sep 28, 2022:
Today: 20 (Extreme Fear)
Yesterday: 20 (Extreme Fear)
Avg. 1W: 22 😱
Avg. 2W: 22 😱
Avg. 1M: 23 😱
Avg. 2M: 28 😱
Avg. 3M: 27 😱
Avg. 6M: 23 😱
Avg. 1Y: 32 😣
🔸 #Bitcoin
Price: $19,116
24h Low: $18,903
24h High: $20,339
MC Change: -$1.2B (-0.3%)
Dominance: 37.7%
24h: -0.4%
7d: -2.3%
14d: -14.4%
30d: -4.8%
60d: -19.8%
200d: -51.6%
1y: -55.9%
$BTC #BTC @bitcoin #bitcoin