EUR/USD Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook:
The Eurodollar bounced off last week's established Mean Resistance level of 1.089 and reached our specified lower target of the Mean Support level of 1.082. The likelihood of revisiting the Mean Resistance level of 1.089 and reaching the Inner Currency Rally level of 1.091 is slim. On the downside, the currency is prone to hit the Mean Support level of 1.081 and target a well-established price level of 1.075.
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Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook:
Bitcoin has broken through our Mean Resistance at 66900, completed our Inner Coin Rally at 69800, and then pulled back to the trading zone. The target for an upward movement is now set at the newly established Mean Resistance at 71500 and the aged Key Resistance at 73200. On the downside, we are looking at the newly established Mean Support at 67100 and a possible extension to Mean Support at 65000.
Two Paths. Point Of Decision Will Be Made Soon.Traders,
It is ad nauseam that I have been referring to my multi-year support/resistance trend line. But here we are again. Interestingly enough, it is also currently intersecting the top of my bullish descending wedge, making a critical area of confluence to become resistance.
As I see it, there are now two paths for Bitcoin. A break to the top side would indicate that accumulation is over and it is now time to look long.
A drop to the downside would indicate a retest of the bottom of our triangle may be to come. Notice that the bottom of the triangle also intersects with our ascending purple trend line AND 0.5 fib retracement at around 56k.
My perspective is that 56k is our local low. Though, we could retest that level again, I believe that it will hold.
At this point, traders looking to enter Bitcoin long, may want to wait for either confirmation of a break to the upside of our triangle on the daily or confirmation of our 56k local bottom via retest and hold.
Best,
Stew
S&P 500 Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook:
In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.
EUR/USD Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook:
During this week's trading session, the Eurodollar made a spectacular surge on the upside to our Inner Currency Rally 1.084 and a lot more. Current market conditions suggest that the Eurodollar may continue upward momentum to complete our Inner Currency Rally 1.091 via the newly created Mean Res 1.089. On the downside, the currency is prone to go down to Mean Sup 1.082 and possibly Mean Sup 1.076.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook:
Bitcoin surged in this week's trading session as projected. The coin slammed through Mean Res 64000 and rests comfortably at Mean Res 66900 as of this writing. An intermediate pullback is anticipated, expected to pave the way for a renewed Bull Stage movement, with targets set on the Inner Coin Rally 69800, Key Resistance 73200, and beyond.
S&P 500 Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position before going to the mentioned support targets.
EUR/USD Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
During this week's trading session, the Eurodollar fluctuated around our significant Mean resistance level of 1.080. There are projections that the currency may experience an upward surge and complete the Inner Currency Rally of 1.084 before undergoing a downward transition to the Mean Support level mark of 1.074 and possibly further down to designated targets. However, it is also possible that the Eurodollar might go down to hit the Mean Support level of 1.074 from its current position.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
Bitcoin has consistently respected our Mean Res 64000 in this week's trading with the projected Intermediary Squeeze Retest target to Key Sup 58300 and completed Inner Coin Dip 57200, which is in progress. This is expected to lead to a renewed Bull Stage movement, targeting the Mean Res of 64000, 66900, and beyond once again.
S&P 500 Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook:
The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013.
EUR/USD Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook:
The Eurodollar experienced significant volatility during this week's trading session, with an upward movement that surpassed our Mean Resistance level at 1.075. As a result, a new resistance mark has been established at 1.080. However, it is projected that the currency will experience a downward transition to the Mean Support level mark of 1.066. It will dip further to retest the previously completed Inner Currency Dip at 1.060. Furthermore, the currency is anticipated to continue its downward trajectory, reaching our next Inner Currency Dip level at 1.054.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook:
Bitcoin has completed our Inner Coin Dip 57200 and rebounded strongly with renewed strength. Currently, the main barrier to further upside move is marked at 64000. It is expected to experience a pullback to retest a Key Sup 58300, which will lead to renewed a Bull Stage movement targeting the Mean Res of 64000, 66900, and beyond.
S&P 500 Daily Chart Analysis For Week of April 26, 2024Technical Analysis and Outlook:
The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865.
EUR/USD Daily Chart Analysis For Week of April 25, 2024Technical Analysis and Outlook:
The Eurodollar has reached a crucial point in its trajectory, having just encountered its Mean Resistance level of 1.072. This has triggered a sharp downward move, with the currency now seeking its vital Mean Support level at 1.062. This suggests a probable continuation of the downward trend, which traders and investors should take note of.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 25, 2024Technical Analysis and Outlook:
Bitcoin's trading this week has been volatile, fluctuating around our Mean Resistance level of 65600. Our Key Support level of 61300 will likely soon be retested once again, which could serve as a launching pad for a new Bull Stage rally. The target for this rally would be the newly established Mean Resistance level of 66900 and beyond.
Bitcoin Fibo and Time- A bit messy graph.
- Some peoples will get it and some not.
- in matter of time and fibo analysis.
- More will BTC take time to go up.
- More BTC price will go higher.
- in simple words, if u compare the 2015 bullrun and 2018 :
- 2015 was 1055 days ( around..)
- 2018 was 820 Days ( excluding the bouble top)
- Nothing much to deduct from that, but 2 scenarios are still possible :
- 100 000$ is not enough (161.8 FIbo), i still persist on that one, so not a scenario imo.
- 150k$ (261.8 Fibo) possible if BTC goes fast. ( same as 2018).
- 200k$ (361.8 fibo ) or 250k$ (423.6 Fibo ) are both possible if BTC goes slow. (same as 2015 )
- i still believe that " more Bitcoin will take time to go up, more the price will go higher "
- Don't forget this is only TA, not FA, not Economic or World Situation.
- Feel free to share with me your view.
Happy Tr4Ding !
S&P 500 Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend.
EUR/USD Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
The Eurodollar has completed our Inner Currency Dip of 1.060. However, further selling pressure is reviling a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim Dead-Cat rebound to the Mean Resistance level of 1.072 may be feasible before the Eurodollar resumes its downward trajectory.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
In this week's trading, Bitcoin reached the Key Support 61300 level and rebounded to the inverted resistance level derived from Mean Support 65600. This movement is part of positioning Bitcoin for the upcoming "halving" event, which is expected to happen around April 20. However, a market decline could cause Bitcoin to fall to an Inner Coin Dip 57200 level.
S&P 500 Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean Support level of 5070 and Outer Index Dip at 5045, which is expected to act as a launching point to reignite its bullish trend.
EUR/USD Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
The Eurodollar has completed an Inner Currency Dip of 1.065. This momentum is expected to generate further selling pressure, resulting in a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim rebound to the Mean Resistance level of 1.075 may be feasible before the Eurodollar resumes its downward trajectory.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
This week's trading session Bitcoin completed the forthcoming Inner Coin Rally 72500, and as expected, the coin retraced to our designated Mean Sup 65600. Bitcoin is in the process of rebounding back to the 72500 scene of crime. On the downside, the market potential decline may occur, resulting in Bitcoin falling to Key Sup 61300 and an Inner Coin Dip 57200. The bull stage movement will arise from current price action or Key Sup 61300 and an Inner Coin Dip 57200, respectively.
S&P 500 Daily Chart Analysis For Week of April 5, 2024Technical Analysis and Outlook:
The S&P 500 index experienced a severe drop below our Mean Sup 5203; however, the market rebounded swiftly and returned to an active crime scene. The current upward trend indicates that it will reach the target of Key Res 5260 and, subsequently, Outer Index Rally 5280, the long-awaited target. On the downside, Spooz may revisit the newly created Mean Support level of 5150, which is expected to act as a launching point to reignite its bullish trend.