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Outlook

BTCUSDT DECISION POINT COMING SOON.Important things to note: I do not to expect the bloodshed in the markets to end anytime in the near future. The credit market is still looking rough, inflation isn't great, supply issues continue. The Fed will need to keep a hard stance until they break something, or see inflation at a level they can deal with. BTC will stay correlated to QQQ until either it decouples via supply squeeze or market conditions improve. You should expect the fed to pivot eventually. I am not looking at alts at all until most likely 4 months from now. BTC is squeezing and it will either fall to the lows we have seen or push upwards towards 33k. The area of interest is where tons of BTC has exchanged hands. (80K BTC from LUNA). I am not trading these levels, I am DCAing BTC only, and some Tradfi stocks. Hey everyone! So I wanted to sit back and let the market soak in the last Fed rate hike and it digested it about as well as I imagined. With each rate hike, we have seen the markets convulse. This is mostly due to the credit market and it is stressed to say the least. Liquidity is drying up and when the Fed starts to tighten next month, it's going to been even drier than it is now. This is going to put tons of pressure on the credit market > which will put tons of pressure on the equity market > which will put tons of pressure on crypto. This is why I only expect the price to bounce around these lower levels until we see the Fed pivot (because they will have to). I am giving the Fed about 6 months until it has to skip a few rate hikes. Eventually they will be back to printing because that is their only option to keep the house of cards in place. BTC in particular will bottom likely near its cost basis of 24k (we have already gotten down to 25k BTCUSD), however it can revisit this level as many times as it takes. Something bullish to note is that 80k BTC (3B dollars worth) was dumped by the LUNA foundation and it was absorbed by the market extremely well. This has created an area of interest for me where there is a lot of gravitational pull. Price will want to go to this level, regardless if it goes down to 24 or up to 38, the area of interest will be hard to get away from in the short term. If you are wondering who is selling, it is mostly forced sellers (like LUNA), and funds that are rebalancing due to increased risk on their portfolios. This is why I am taking the opportunity to buy every BTC I can from them at these levels. That is my main focus for the next 4 months at least, then I will have my eye on alts. This is my personal timeline based on what I see in the market at the moment. I will continue to keep you all up to date with the market and I hope you enjoyed this chart! Thanks again everyone! So tell me what you think? Not financial advice. Do your own research.
by mysticalwalrus
12
S&P500 Future OutlookIf this week closes above $4500 for the SP500 it would be a bullish engulfing week. So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low from mid March which would indicate a continuation of the up trend since we placed a Higher High earlier. In the short term, I'd like to see a retest of $4450 as that would serve as a confluence of support with the trend line extending from the late December 2020 lows. A bounce from $4450 would be extremely bullish as it would indicate that bulls are ready to move out of this range (between $4400 and $4550). Needless to say, a further rally from here would work towards the Inverse Head & Shoulders that everyone's been talking about ;)
ULong
by HaseebKhan_90
Bitcoin to $70k? 61% climbHey Traders, As highly requested, I have had a look at the Bitcoin/U.S. dollar daily chart. I always tend to have a bullish bias on Bitcoin because as it begins to rally a little bit, a lot of the popular news outlets tend to publish about it being on the move again, triggering an even bigger bull run and everyone is a lot quicker to buy this and they are to sell it. Given the current climate in the world, I'm not too sure on how cryptocurrencies are having an effect on that. I understand that there are a lot of people trying to publish it as a safe haven asset, but in my opinion given it still being overly volatile, it's struggling to show those safer conditions over assets like gold and silver. However, you can see a bit of influx of people coming into Bitcoin during the times of uncertainty, as well as other crypto assets and I think we may begin to see a bit of a bull market. My target area is up to $70,000, I think we had a clear break of structure while we're in this slow trend (it maybe a quick little liquidity grab). Overall I do have a bullish sentiment and I do think this can get up to the higher supply areas which I've drawn out with the blue rectangles on the chart. Each of these are different struggle points where I think Bitcoin will have a bit of a bounce or maybe a "sit still week," if we manage to break all these areas, I definitely think we can get up to 70 K. Let me know what you guys think and the plays you are after on BTCUSD!
COINBASE:BTCUSDLong
by the5erstrading
1
Longer-term picture paints downturn soon on cryptoI don't like raining on people's parade. Crypto seems to be coming out of its crypt as the end of 2021 did a lot of damage to holder's accounts. People are optimistic about crypto now. Many influencers are very positive and are buying hard. But the reality of the market is that there is optimism and confidence at highs and capitulation at lows. Buy when blood is on the streets, Warren Buffet is noted as saying. Is there blood on the streets now? Sadly in Ukraine, but generally not in the crypto space. If you have been following my channel, you will find that most of my signals are unbelievable. This is par for the course. This is how it should be. And this is the reason few people succeed at this game. Money is made by doing what nobody else will do until they are convinced you were right. Then they follow along with their money and put money in your pockets. I believe the short on cryptos is not quite in yet, and so many people will think I am wrong about this trade because it is possible we will see more short-term up movement. But the longer term picture, if my signals are right, are not positive. Over a long period of time, I have learned to trust my signals. My worst trading has occurred when I did not believe my own signals and ignored them. I have paid a large price for not trusting in my own work. I am no longer doing that, and I am confidently relaying what my signals are telling me over to you. That said, I am still putting myself out on a limb here and risking my reputation. One bad call, and you are done-for. But forgiving people will understand that you can't win them all and that overall results are what really matter in this game. So, most of the people reading this post will maybe consider what I am saying, but most will likely ignore the advice. This is because an in-depth understanding of what I have to offer is not understood. On my channel, I have tried to explain everything in as much detail as I can. It takes time for people to "get it" and even more time for people to trust it. I am not expecting conversion success any time soon. But that is OK. C'est la vie. Whatever will be, will be. Life is very interesting. Trading and speculating makes it even more so! All the best of luck to you...
Short
by jbrelin
EUR/GBP: Outlook perspectiveEuro fall in that zone that I update yesterday. But right now, to note in H4 timeframe. We're in the key manipulation zone that we reach down. But be cautelous to trade Euro in short, becuase in this level there're liquidity and I will hope an answer of the next candlestick in formation to valided it. But fundamentally, I see that Euro it's look more optimistic than Sterling Pound as there's an emergence cautions in the Bank of England about UK economy and about interest rate where on Thursday in the past week the Bank of England made a meeting with their commite to talk about interest rates in England and economist see a growing risk as which lifted the bank rates to its pre-coronavirus crisis on 2020 and there're bad expectative for UK inflation and rates interest.
Long
by harisonhbn9718
2
EUR/USD stabilising on the 1.1300 base... EUR/USD seems to be stabilising the newly formed base at 1.1300. A recent weekly candle from 2 weeks ago, formed extremely bullish in alingment with the recent fundamentals suggesting that there will be a medium term upswing in movement. Generally speaking a closure above the 1.1400 handle should signify a comfortable 100 pips into the 1.1500 region and beyond, and looking at the recent weekly chart, there are many confluences to suggest more upside action to come. Tomorrows trading news look relatively choppy concerning the dollar and should expect a fair bit of movement in the London session. Overall bias at current market price is bullish. We will update this pair over the coming days to see if there is a potential spot for opportunity around 1.1400.
Long
by FTUKcom
Full cycle wave analysis of bitcoin from the beginning UPDATEDI last updated this in 2017. When counting waves I follow the rules of "The Elliot Wave Principle" by Frost and Precher. It's a very, very good book. I start from the biggest time frame. If a wave isn't obvious, I reduce the time frame and count smaller waves to see it. It's worth noting that wave analysis is most useful for longest time frames and whole markets, not single coins. charting the market cap for example. Decent market cap charts didn't really exist when I started this.. but BTC is so big that it represents crypto, so I think this is OK. Now let's discuss. (1) Where we are The important part, right? This correction is quite hard to predict with confidence because it lies on a 3rd wave of higher order. Corrections of 3rd waves are often small and the C can finish above the A. This is especially common when the B rises above the 5. Just like this: fig 1. randomly picked decent looking impulse wave from hourly BTC chart with bullish correction Inedeed if we apply this to our current 3, the correction could already be over. However, if we look at the full cycle (fig 3) in a monthly time frame, there is no doubt that the largest order wave is a 1, and we are in the 5 of that 1. It is common for wave 1 to be "squished" at the height. That is, a large wave 1 and small wave 5 (talking height or price size not time). We also expect large corrections in wave 1 as the trend establishes itself. Providing it doesn't drop below the starting point, it's a valid impulse wave. Just like this: fig 2. Look familiar? a common first wave shape when a trend has yet to be established Compare this to the full cycle in the monthly time frame: fig 3. Cycle order wave counting From this we start to get ideas about what (2) might indeed look like. By looking a the heights H1, H2 we can probably infer H3 reasonably well. We can guess a time for events by looking at the steepness of previous rises. I have not worked out these values yet, but I could and probably will. Lower order (shorter TF) wave counting of our current position at (1) should also give us a decent idea of the next low applying the same kind of basic techniques. What if we do have a quick, small, 3-like correction at (1) like in fig. 1, and apply a basic rise to (2)?.. we could be looking $450k+ at (2). The size of this current dip has a lot riding on it. (3) The BTC wave. Typically elliot waves in traditional markets have 3 as the steepest wave. It is common in BTC for elliot waves to have steep 1's and 5's, but quite long, extended 3's. This pattern began here. Fascinating, yes? fnar, fnar. (4) The correction of W2 gives another interesting shape. A recurring theme, as at the end of W1. The interesting bit is how the last drop in W1 provides the C but in W2 it finishes higher and therefore we are actually ending the 1-2 of W5. Great example of how waves and markets can really trip you up if you were waiting for this to drop low like W1. Maybe we are doing something similar right now? It's rocket time? Donations: If this makes you money why not help me stay out of employment? Want some important numbers? give me a DM. paypal.me/timoverboard
BITFINEX:BTCUSD
by MrRainbow
1
EURUSD: What Story Is the Bigger Picture Telling Us?Most of us either are scalpers & day traders. A very few categories of traders perform swing and position trades, as it involves higher timeframe analysis possibly from 4H & above up until monthly candles. Here we analyze the EURUSD M charts and try to observe what the market is telling us on a larger scale! Currently the price of the EURUSD is approaching a long term concrete ascending trendline that has been validated or tested on 3 different occasions. The blue horizontal lines on the M charts represent concrete psychological support and resistance levels which are highly efficient when utilized on monthly timeframes. At the moment, the price is approaching or near the 1.10000 psychological support which also coincides with our long term rising trendline. With FED tapering faster and 2-3 hikes already priced in, the outlook for EURUSD on a larger scale remains dark in 2022. However as traders we should always trade with confirmation and seeing this trendline has been tested on multiple occasions and respected, we need for the monthly candle to pierce and close below this trendline and 1.1000 psychological support. After this a SHORT trade could be executed with the target being the next psychological support at 1.05000. On the flip side, shall this trendline hold, the outlook for EURUSD would still remain bearish unless 1.25000 level and previous high is cleared. In short, the outlook remains bearish on both M & W timeframe for the EURO. On lower Timeframes such as the D & 4H, traders could possibly analyze to execute LONG trades but caution and confirmation. With FED tightening priced in, it remains to be seen if the US economy would actually meet the expectations in 2022. if we see stronger data and expectations meeting, we could see the greenback appreciate and break this trendline. However if the opposite occurs, we should expect this trendline to hold. Cheers, I hope you found this insight helpful. Happy holidays
Short
by FX618Analysis
GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of ​​151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of ​​the price range.
Long
by ivanderyoshua
I the bottom in for BTC USD?Looking at the macro fibonacci level, we still have one level that I think BTC might visit if we see another dump in the price!!! The last support price that I am looking at is $51900 ish... with +- 2%. But looking at BTC price has broke the purple downtrend line.. Even though it may not mean that BTC will just pump from here out, if BTC can hold the purple trendline as support and goes above the orange line it currently testing, it would be really2 good for BTC and might indicate that bottom was in!!! As always, Not financial advice #NFA #DYOR
BITSTAMP:BTCUSD
by ZombieGod11
4
BTCUSD - mid term outlookHello all, Recently BTCUSD has set a new ATH and now it is trading in a correction. It has already broken out of the rising wedge like pattern and the short term structural support. If we take a look at the previous structural ATH (Apr 2021) then we could forecast the possible endpoint of the correction. Anyways there are 2 possible scenarios which are illustrated on the graph. Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision.
COINBASE:BTCUSD
by Barysbyek
EURUSD - long term overviewHello all, For the past 5 months this major has been falling in a falling wedge pattern. Now the price is fluctuating at the structural support zone. One can say that this is obvious bullish reversal, however if we look at the 1D time frame then the double top pattern is quite clear and the price has already fallen below the neckline. Thus there are high chances for a bearish continuation. We need to look at how price will react to the 1.15318-1.15710 structural support zone. Both possible scenarios are illustrated. Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
by Barysbyek