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EUR/USD Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook: The Eurodollar has been trading aimlessly this week, fluctuating below the designated Mean Resistance of 1.098. The current target is the Mean Support of 1.090, with a potential decline towards the established Mean Support level of 1.075. On the upside, the Eurodollar may attempt to surpass the Mean Resistance level of 1.098 and reach the Mean Resistance of 1.104 before showing any significant decline.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook: Bitcoin has surged past January 2, 2024, completing the Inner Coin Rally 45900 and, as a result, also topping our designated Next #1 Outer Coin Rally 47500. In addition, Bitcoin has retraced back to our target Mean Sup 42800 after completing a pivotal squeeze, as shown in last week's chart analysis. Currently, it is regaining its lost ground by revisiting the newly-created Mean Res 47000 and extending beyond it.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook: The Spooz extended down movement from our designated target Key Res 4800 and Outer Index Rally 4807 and now rests comfortably at our Mean Support level of 4700. The current market conditions suggest we experience a squeeze that could take us down to the Mean Support level at 4644 and possibly even the Inner Index Dip at 4595. However, the current level of support may provide a rebound to the newly created Mean Resistance level at 4740 before continuing its downward movement.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook: The Eurodollar has experienced significant price fluctuations throughout this week's trading session. It has fallen below our Mean Support level of 1.100, indicating a potential decline towards the established Mean Support of 1.075. It is highly probable that the Eurodollar will retest the Mean Resistance level of 1.098. The current violent movement of the Eurodollar around our crucial Mean Support of 1.090 and Mean Resistance of 1.098 is a clear indication of the same.
by TradeSelecter
Bitcoin Futures: A Quantitative Approach to Analyzing BTCIntroduction to Bitcoin Futures Bitcoin, the pioneering digital asset, has carved a niche in the financial markets with its futures contracts. Bitcoin Futures provide traders and investors a regulated avenue to speculate on the price of Bitcoin without holding the actual cryptocurrency. This article delves into a quantitative analysis to analyze the next week's potential value of Bitcoin Futures, employing a sophisticated Neural Network model. Current Market Landscape The Bitcoin market is known for its rapid price movements. Recently, regulatory news, technological advancements, and shifts in investor sentiment have contributed to market fluctuations. Understanding these trends is crucial for traders looking to navigate this dynamic landscape. Quantitative Analysis of BTC Futures' Potential Price Movements Neural Networks & Machine Learning: At the heart of our quantitative approach is a Neural Network model. This model has been trained on historical weekly data of Bitcoin Futures, including key price points and other relevant market indicators. Data Preprocessing: To ensure accuracy, the data underwent rigorous preprocessing, including normalization to make it suitable for the Neural Network. This step is essential in highlighting the true patterns and trends in the data without noise or scale issues distorting the model's view. Model Training: Our model was trained over 500 iterations, adjusting its internal parameters to minimize prediction error. This training process involved feeding the model historical data and letting it learn from the actual price movements. Evaluation and Prediction: After training, the model's performance was evaluated. The actual prices were compared against the model's predictions to assess robustness. This evaluation is crucial in understanding the model's reliability. Impact of External Factors Bitcoin Futures are affected by a range of external factors, including regulatory changes, market sentiment, and technological developments. These factors can cause sudden and unpredictable market movements, making the analysis of future potential prices challenging. Our model takes into account the historical impact of these factors, but it's important to remember that unforeseen future events can lead to deviations from predicted values. Forward-Looking Market Views Based on our Neural Network's learning and the recent market data, the model predicts that the value of Bitcoin Futures for the next week will be around "$44,026.60". This prediction is visualized in our graph comparing actual prices against predicted values over time, providing a clear view of the model's accuracy. Given the fact that the current value of BTC is slightly under 43,000, a trader could plan a long trade targeting 44,026.60 as their exit price. Entries could be taken in many ways such as utilizing key technical supports or waiting for breakouts above key resistance price levels. In all cases, a professional approach to taking risk in the marketplace always require managing such risk using stop-loss orders and making sure the trade size has been pre-calculated. There are many more options on how to have a contingency plan in place in case BTC moved in the opposite direction our AI expected it to. More on this in future articles. The model's learning curve, depicted in the accuracy graph, shows how the prediction accuracy improved over training iterations, reflecting the model's increasing proficiency at understanding the market. Conclusion Our quantitative analysis, utilizing a sophisticated Neural Network model, provides a prediction for the next week's value of Bitcoin Futures. While this prediction is grounded in historical data and advanced algorithms, it's important for traders to consider the inherent volatility and unpredictability of the Bitcoin market. The predictive model is a powerful tool, but it should be used as part of a broader strategy that considers market news, economic reports, and other indicators. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
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CME:BTC1!
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EUR/USD Daily Chart Analysis For Week of Dec 22, 2023Technical Analysis and Outlook: The Eurodollar has shown significant price movements throughout this week's trading session by surpassing our previously achieved Inner Currency Rally level of 1.099 and its corresponding resistance at the same price point. The current price action suggests that the Eurodollar will likely continue to climb, with the target level set at Inner Currency Rally 1.109. However, it is essential to stay alert to the ever-changing dynamics of the Eurodollar market, as the price action may experience a drawdown.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 22, 2023Technical Analysis and Outlook: Throughout this week's trading session, Bitcoin has been trading within a Mean Sup 41200 and completed Outer Coin Rally 44500. This range has created a level of stability in the market and has allowed for some downturn in the short term: the intermediate down target is the robust Mean Sup 42300. This is a crucial level for traders to watch, representing a solid support level for Bitcoin. Overall, Bitcoin is projected to revisit the completed Outer Coin Rally 44500 and continue the upward trajectory as specified on the chart.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Dec 15, 2023Technical Analysis and Outlook: During this week's trading session, the S&P 500 index exhibited remarkable strength, with consistent price momentum throughout. The index managed to surpass our Key Resistance level of 4639 and Inner Index Rally level of 4647, finally resting at the completion of Inner Index Rally level of 4713. Looking ahead, the following two targets for an upward trend are the completed Outer Index Rally level of 4807 and the Key Resistance of 4800. Both price levels were created on June 4th, 2022. However, there are some concerns about a market squeeze from the current completed Inner Index Rally 4713 that might cause a transient pullback. In such a scenario, the index could move downward and reset itself to the Mean Support level of 4644. This level is considered a strong support level for the index and can provide an opportunity for traders and investors to make a suitable entry decision.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 15, 2023Technical Analysis and Outlook: The Eurodollar currency pair has shown a strong rebound in the recent trading session, climbing to reach our previously identified Inner Currency Rally level of 1.099. However, this was followed by a sharp reversal, with the price dropping rapidly. The current price action indicates that the Eurodollar is likely to continue on a downward trend, with the designated target levels being Mean Sup 1.075 and Inner Currency Dip of 1.068. Overall, it's crucial to stay vigilant and informed about the ever-changing dynamics of the Eurodollar market to make the most of the opportunities it presents.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 15, 2023Technical Analysis and Outlook: Throughout this week's trading session, Bitcoin has been trading within a specific range, defined by two fundamental values: the Completed Outer Coin Rally 44500 and Mean Res 44100. This range has created a level of stability in the market and has allowed for some predictability in the short term. The market is on an upward trend that is expected to continue. Bitcoin is projected to reach the newly established intermediary Mean Res 43100 and surpass it in the coming days. In a downturn, the intermediate target is the robust Mean Sup 41200. This is a crucial level for traders to watch, representing a solid support level for Bitcoin.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Last week's completion of our Inner Currency Rally of 1.099 continued to drop to strategic Mean Sup 1.084 and is on its way to a significant Mean Sup 1.067 and Inner Currency Dip 1.068 outcome. The current price action suggests a rebound from the letter prices to the designated target Mean Res 1.080. Overall, it is essential to closely monitor the Eurodollar market trend and take appropriate measures within critical price action of the support/resistance and dip result.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 8, 2023Technical Analysis and Outlook: Bitcoin has completed our three consecutive Outer Coin Rallies 39200, 41200, and 43700 in this week's trading. On the downside, the intermediate down target is Mean Sup 43100. The subsequent squeeze will likely be Mean Sup 41500. The upside price movement is expected to be aggressive and intense, as the market sentiment is tilted towards bullishness. The market participants will likely be actively buying, leading to a surge in demand for the asset pushing the price higher. However, it is essential to note that the market is volatile and subject to sudden changes, so investors should remain cautious and closely monitor the support and rally outcome price targets.
BITSTAMP:BTCUSD
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook: The Spooz index in this week's trading session retested our completed Inner Index Rally 4590 of July 27, 2023, and is moving higher, targeting the Key Res 4630 and Inner Index Rally 4647, respectively. Once the market successfully achieves this target price, the follow-up squeeze will likely be significant and turbulent. Traders and investors should, therefore, be prudent and vigilant during this price action phase.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 1, 2023Technical Analysis and Outlook: After completing our designated Inner Currency Rally 1.099 target this week's session, the Eurodollar performed as flagged in our EUR/USD Daily Chart Analysis for Nov 24 by dropping it to a primary pivotal squeeze to Mean Sup 1.087. The current price action suggests a dead-cat bounce to Mean Res 1.092 with a potential rise to retest the completed Inner Currency Rally 1.099 with a follow-through squeeze.
by TradeSelecter
S&P 500 Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: In this week's abbreviated trading session, the S&P 500 index has again shown a constant upward trend. Current price action exhibits a solid indication to hit our completed Inner Index Rally 4590 on July 27, 2023, and move higher to Inner Index Rally #1 4647 and #2 4713, respectively. However, it's important to note that the market may experience transient pullbacks at this level, causing severe drawdown. Once the market successfully achieves these targets, the subsequent squeezes will likely be significant and turbulent. Traders and investors should, therefore, be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: After a pullback, the Eurodollar aims for our designated target, Inner Currency Rally 1.099. This comes after the currency repeatedly hit strong Key Res 1.092 in this week's price action. This suggests that the Eurodollar may experience an imminent rally to Inner Currency Rally 1.099 in this upcoming session, potentially bringing it to a primary pivotal squeeze with an extension all the way to Mean Sup 1.087.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 24, 2023Technical Analysis and Outlook: Like last week, Bitcoin's price has remained within the 37800 Inner Coin Rally range and the robust 35600 Mean Support level. This indicates that the market has been relatively stable, with neither bulls nor bears having a strong grip on it. On the upside, there is potential for intermediate upward momentum in Bitcoin's price, which could lead to a breakout above the current Inner Coin Rally of 37800. If this occurs, the next price target would be at the Outer Coin Rally #1 of 39200, followed by #2 of 41200 and #3 of 43700. This suggests that there is significant room for expansion in the near future, which could attract more investors/traders to the market. On the downside, the Mean Support level of 35600 is expected to support Bitcoin's price strongly. If the price were to drop, it would likely find support at this level. Overall, the market is consolidating, with prices trading within a relatively narrow two-thousand-dollar range.
BITSTAMP:BTCUSD
by TradeSelecter