Ducks in A Barrel Long Setups - BTC, SOL, TON & PADISCLAIMER: This is not trade advice. This for educational purposes only to show how I am looking to participate in these markets. Trading involves significant risk, do your own homework and due diligence.
Ducks in a Barrel Weekly-Daily Strategy
LONGS: BTC, SOL, TON
SHORT: PA
LONGS:
The crypto market is overall in a strong up trend based on weekly MA's sloping up. We see that BTC, SOL & TON are undervalued vs the price of Gold and Treasuries, and are oversold on stochastic. If we see a trend change to the upside on the Daily chart, I'll look to long these markets. I admit, I'd like to see sentiment more bearish, as currently sentiment is in the middle of the road. Perhaps one more flush to the downside would create some panic and bearish sentiment, which would make this trade idea even more valid.
SHORTS:
Palladium is in a strong weekly downtrend. Right now we are overvalued vs treasuries, but not yet overvalued vs gold or overbought. I'd like to see this market get overbought & overvalued vs gold to qualify looking for shorts on the daily time frame.
Good luck & Good trading.
Pa!
Palladium's Seasonal Shifts: Possible Double TopWith Palladium hovering around the $1046 mark, investors are navigating a complex landscape shaped by shifting market dynamics and economic indicators. Employing a seasonal approach akin to our previous analysis on Silver, we observe that Palladium has historically experienced significant declines during this period over the past 15 years. This seasonal pattern, characterized by bearish pressure, prompts a strategic reevaluation of trading setups for the metal.
Notably, Palladium's current price action suggests the formation of a double top pattern, signaling a potential bearish reversal. This technical indicator, coupled with the historical precedent of seasonal declines, serves as a compelling catalyst for initiating bearish setups in the short term. Notably , the Double top formation still on the 61.8% Fibonacci level.
However, it's crucial for investors to adopt a comprehensive approach that spans short to long-term perspectives. While short-term setups may capitalize on imminent bearish signals such as the double top pattern, long-term strategies necessitate a thorough analysis of fundamental factors and broader market trends.
#IDUSDT #Analysis #Eddy#IDUSDT #Analysis #Eddy
This analysis is based on the combination of PA, RTM, ICT, DL2+3 & Wyckoff Analytical Styles. (( In general, most altcoins have a similar structure and can grow by more than 50 and 100 percent. ))
I specified the sniper entry points for you ;-)
» Do not forget to receive confirmation
» Don't forget risk and capital management
⚠️ Attention!
((Pay attention to the position and movements of Bitcoin, as well as the general state of the market and indicators, please confirm))
PA was triggered based on the MRV1 on 20 Dec 2023The PA buy signal was triggered based on the MRV1 setup at RM0.275. The target is a 20% increase to RM0.330, with a stop loss of RM0.245. This is expected to take 2–3 months due to the signal being based on the daily timeframe.
Not muuch can be said on its movement but I like how it presents itself. Coming off a downtrend from the start of the year, stopped falling and go flat. Making new higher low and higher high. A price spike to visit its near resistances of RM0.280 and RM0.320 is likely in near term. Support is seen in the RM0.240.
**This is for discussion purposes only and is not a buy/sell call**
following my latest publication of the DXY price action After last week played out perfectly with the news manipulation, the big upside impulse on NFP friday makes the following weeks very interesting with clean price action in sights, the green zone around 102 would be a nice low for the week to then continue the upside movement to the weekly FVG it is currently in, maybe have a bit of a battle at the top of that weekly FVG then 104 is also a key lvl that it looks like it wanna reach and might be a resistance point
CADJPY 4Month Macro ViewGood Evening Everyone,
Please watch the entire video to understand my break down and thesis.
As always trade safe set stops set takes and make sure you are always using appropriate risk for your RR.
Happy Trading + Safe Trading = Profits
I'll get back to posting more frequently if we can give this video some love!!!! Cheers
#analysis 89 - Long BiasCurrently, we're staying in the middle of the range in HTF, and also forming a small range within it. For the smaller range, We just ran the liquidity below and now we're looking forward to reach it's high again.
Now two strategies.
1. It reaches the blue lines and create MSB, thus up trend can be expected. After that we'll do the OB entry.
2. Going down and then we enter with Three Taps here.
Let's see how it goes.
REAL-CANDLE OSCILLATOR AKA PA Osc.This indicator show Candles with true change values and exact wick/body proportion but as a zero centered oscillator.
When a series of Candles appears, the values accumulates until the series end, showing the swing amplitude.
Starting from the indicator as it is, there are many possibilities to make use of the way the data are displayed.
Dollar outlook for Week 23 - > DXY; USD; EUR; JPY→ All the current Outlooks are based on further weakening of the USD.
→ Outlook solely based on PA.
Wait for confirmation before entering a Trade and consider FX correlation.
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Glossary:
HTF – Higher Time Frame
LTF – Lower Time Frame
MT – Medium Term
DT – Down Trend
UT – Up Trend
BO – Break- out
PA – Price Action
CS – Candle Stick
SL – Support Level
RL – Resistance Level
TC – Trend Channel
Color Code:
Blue solid line – Actual PA Structure
Blue dashed line – Legacy PA Structure
Violet dashed line – Area of Sensitivity S/R Levels
Orange dotted line – My Alarms
VECHAIN VETUSDT CHART UPDATE In profits still holding vet nowhere near rally on the upside still imminent and vet as a project still way to under valued for the enormous utility use cases and all the multiple solutions they offer that's invaluable Novice as I am not only am I long on vet but am An aspiring Whale for this token and the cutting edge ecosystem vet has managed to gradually build over the period chasing not price but ensuring service offering and centric only to end user experience this is a Blockchain project that's gonna stand counted over the long term watch the space am still a Newbie Novice Thou I thank you Chosi Asibonge. locl
CPI Data is Looming...CPI Data will be released tomorrow. I do NOT see Bitcoin falling below $38K. If investors sell-off, I expect the NASDAQ and Bitcoin to suffer... However, if inflation goes up, why do would one sell off something as scarce as Bitcoin?
Which is why I believe Bitcoin will rally on high inflation numbers (7% or more). The dollar (DXY) is likely to see downside as well which would cause Bitcoin to rally!
NFA. DYOR.
Good Luck,
- Mr. Bitcoin Baron