US30: Day 3, coiling underneath yesterday HODHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day.
Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day.
Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am.
DAILY TEMPLATE (15min chart):
Both Asia and London session consolidated between the CP and HOD, nothing really happened yet.
THESIS :
As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday.
SETUP :
Long: consolidation at CP till news release or NYO 9:30am
Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Pumpanddump
GBPUSD: Coiling for a potential major moveHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Since the beginning of the previous, the market dumped down for three days, failing a low of week level on Thursday, confirming the failed breakout during the day itself, triggering long traders breakout and closing the day out of balance.
Friday the market mostly consolidated, not big move happened and today, Monday and opening range of the week, I can see an interesting coiling above the Friday closing price.
We are on the backside of the movement, a long view could be a really lucrative opportunity.
DAILY TEMPLATE (15min chart):
In the day itself, the market did not move much, but it triggered the previous HOD, other time frames are in the market.
THESIS :
Accordingly with my backtest and experience, this market can setup for a long trade back to the previous HOW (money are there and short traders are still in profit).
However, in the scenario of a short setup, it could be a little scalp.
Major red news on calendar tomorrow, no big move expected today!
SETUP :
Dump and pump at least above previous HOD or CP (closing price)
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
DIPS ARE FOR BUYING ! Don't get SCAREDBitcoin (BTC) has been trading within a horizontal accumulation pattern on the 4-hour timeframe. This pattern is characterized by a period of price consolidation within a defined range, with multiple attempts to break out to the upside or downside but ultimately failing and returning within the range. This price action often indicates that there is significant liquidity built up on both sides of the range, waiting for a catalyst to break the pattern.
Significant Liquidity Above and Below the Range:
BTC has formed significant liquidity levels above and below the horizontal accumulation range. These liquidity levels represent areas where a large number of buy or sell orders are clustered. The supply of these orders at specific price points can act as support or resistance, influencing price movements.
Large Imbalance Below the Range:
On the 4-hour timeframe, BTC also exhibits a significant imbalance between $51,000 and $59,000. This imbalance suggests that there is a larger amount of sell orders than buy orders within this range. Imbalances can sometimes act as magnets, pulling the price towards them to fill the excess orders.
Potential Breakout Scenario:
Based on the horizontal accumulation pattern, liquidity levels, and imbalance, I anticipate a potential bullish breakout for BTC. Two possible scenarios could play out:
1. Retest of 0.5 Fibonacci Retracement:
The price could retest the 0.5 Fibonacci retracement level of the imbalance, around $55,000. This retest could serve to shake out weak hands and further accumulate liquidity before a breakout.
2. Sweep of $59,000 Level and Breakout:
In a more bullish scenario, the price could sweep through the $59,000 liquidity level, indicating strong buying pressure and potentially leading to a breakout towards $77,000, the next major resistance level.
Overall Outlook:
BTC's price action suggests a potential breakout from the horizontal accumulation pattern. The presence of significant liquidity levels and an imbalance below the range further supports this possibility. While a retest of the 0.5 Fibonacci retracement level is possible, an ideal scenario would be a sweep of the $59,000 level and a continuation of the uptrend towards $77,000.
Silver is looking like danger!!I assume we will see an overthrow of the highs in a scam wick to close the shorts and then the fall will start.
Everyone thinks we are in risk on??? Have you seen the volume profiles in the legs down?
I have remover 80% of my money from the exchanges.
I sold my paper silver.
Any ideas on rotations???
NOT FINANCIAL ADVICE!!!!!
BTC starting the wave C down. TRAPThey are feathering the wave B on you now IMO. Make sure you have your stops close. Better to take small wins and no losses.
I was all in last night and pulled out before Easter service today for more than +1% of my entire accounts. Happy Easter folks!!
I believe we should take the low and bounce at 46 - 58k before we take the highs.
Diamond patterns on average move 19%.
I believe they are exhausting the buyers at the moment and planning an huge dump. Possibly the restart type. Governments don't want crypto, you do and 80+% must take the L in this game. PLAY SAFE!!
NOT FINANCIAL ADVICE!!!!!
VINC a speculative biotech penny stock LONGVINC went from 1.5 to 3.0 in less than three hours with 12X relative volume in the afternoon
after a month of a slow climb from a news release that really did not amount to much. Insiders
are 25% of the shareholders and that may be the story here. This could be manipulation at its
finest. I have to wonder how many insiders bought how many shares and when the rug pull.
This is a high tight bull flag pattern which typically results in another leg higher of the same
magnitude. I suppose that is in clean trading without any manipulation.
If this takes off again it might be worth trying with a small position so long as the trader
can hit a button to close the full position when the sudden reversal occurs. I will trade
this long with a group of moving averages to make alerts for crossing lines and slopes
levelling out and see if it can go anywhere.
Who still has money in this game?CASHED OUT!!!
I will probably return to the oilfield before returning my money to this.
Will the DXY pump?
Do you have land and water in a place where few live?
Benner cycle much? I believe he was off only due to our gov stimm and cooked books.
Be safe my friends.
NOT FINANCIAL ADVICE!!!
INBS pumped on earnings crush= Watching for LONG maybeINBS crush earnings and went parabolic on an earnings beat. Basically, revenues fell but with
belt-tightening and good CEO actions it bled less cash than expected. The tourniquet is
working. The post-earnings pump was followed by a flush to the mid-Fib 0.5 support. Trader's
got their reward and called it a weekend before lunch. The chop index fell into the
consolidation zone and the MACD turned bearish. See the 5 minute chart image inserted to
the left. The RSI lines are about 50 maybe with a crossdown impending. I have this on watch
for a reversal up. Much will depend on general market strength on Monday. Biotechnology
is projected as a hot sector now. This stock was among the hottest of the day. Hoping for
a bullish continuation knowing that a trend down is likewise possible.
POWL an earnings pop will it continue or dropPOWL destroyed analysts' estimates may more than it did the previous quarter.
Of special note, the mass index indicator rose above the threshold but has not yet triggered
a reversal signal. The next trading session may be a drop or a rest until next week.
Call options striking 100 for 15DTE did 300%. I contemplate taking put options striking $110
with the same expiration. Risky for sure but maybe highly rewarding.
BFRG AI penny stock ready to SHORTI have been in BFRG since the November earnings it has done 300% over that time almost all
of it in one week. There are no options on this one. The RSI indicator tells me that it is now
overextended and overbought. This is confirmed by a reversal signal triggering on this
60-minute chart with a mass index indicator below it. The topping candles with long wicks
is another hint of the price action underway. I am closing my long position over 300%
gain and instead look for a short with the profits to retrace from present price to
to the 0.382 Fib retracement at about 5.65. Stop loss above the wicks at 7.7. I expect the trade
to last this week and part of next.
SEC Manipulates Bitcoin with Fake ETF Approval News-Intentional?Trigger Warning: This video may offend those who are religiously dogmatic in their political affiliations. Do not watch if you prefer not to have your gods critiqued.
I had just put out a video earlier this morning warning you all that the SEC and Gary Gensler may pull some tricks out of their hat. A few hours later, the SEC puts out a false tweet, liquidates millions, and claims that their account was compromised for the first time in their X history. Something very much doesn't smell right here folks. But, unfortunately, none of this surprises me. I literally titled another video a few days ago, "Expect the Unexpected". Now, we can see firsthand exactly the type of shenanigans I am referring to in these two previous videos.
Nobody is talking about Voyager.OTC:VYGVQ took a one way ticket to Goblin Town after the fall of Voyager Digital. For the past year the sock has been trading sideways with little action.
Maybe it's the copium talking, but I have suspicion that OTC:VYGVQ is not dead just yet.
Here are a few points to back up my hypothesis:
-There is a massive butterfly harmonic that just completed on the 3D chart
-U.S. regulators have charged Ex-CEO Steve Ehrlich for fraud and deliberately lying about customer asset protection. Funny things always happen with law suits and bankruptcy claim.
-The stock recently broke out of descending wedge with a massive wick up to 0.2, which makes me think some bigger money is entering. Could it be the Composite Operator? Ehrlich? An activist investor? Who knows. 0.2 and 0.5 are key levels to watch historically; straight up and straight down between these areas.
-Lastly, and maybe the most far reaching point yet, there is a prominent gap on the daily @ 1.92 meaning there is some trapped liquidity up there.
The gap occurred during a weekly transition which increases the odds of it being filled from my experience. Now it could take months, even years (potentially) for OTC:VYGVQ to reach that level again (if the stock doesn't die and get delisted, which could definitely happen).
Only time will tell.
I'm letting it ride for now.