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US Labor Market Cools and Inflation Pulls BackTakeaways US labor market and inflation showed signs of cooling in June: The unemployment rate rose to 4.1% and CPI, a core inflation measure, increased just 3.3% year-over-year. US House can’t override Biden veto: US lawmakers fell short of the two-thirds majority needed to overturn Biden’s veto of a Congressional resolution to overturn an SEC bulletin that puts additional pressure on firms that custody crypto assets. The Labour Party won a decisive victory in the UK general election last week: The win ended 14 years of Conservative rule and left the direction of crypto regulation somewhat uncertain. Spot bitcoin ETFs experienced nearly $300 million in net inflows on Monday: It was the highest since early June, with buying led by BlackRock’s IBIT and Fidelity’s FBTC. VanEck and 21Shares have updated their S-1 registrations with the SEC to list spot Ethereum ETFs: The ETFs are expected to begin trading shortly after approval, which should come later this summer. Doja Cat's Twitter account was hacked to promote a Solana-based meme coin named $DOJA: The breach prompted the star to alert her Instagram followers that she was not responsible for the tweets. 🔄 Topic of the Week: The Render Network (RNDR) 🫱 Read more here
GEMINI:BTCUSD
by Gemini
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode. This suggests price will rally today - possibly targeting $558-559 or higher. The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so. Then, we move into an exhaustion peak price action - eventually rolling back downward to find support. Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders. Get some today.
AMEX:SPYLong
by BradMatheny
Plan Your Trade 7-1-24 - Get Ready For A Rally.This continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th. Today's counter-trend rally pattern will likely result in an early trading rotation, leading to an upward price trend that will build momentum throughout the week. Remember, we have a holiday on Thursday that may pause the rally a bit late Wednesday. This new swing into a Rally-Rally-Rally phase with the SPY Cycle Patterns is fantastic for day traders and intraday swing trading. Watch the video today and prepare for the big moves this week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings. Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends. Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now. Let me know what you think in the comments. Go make some money today.
AMEX:SPYLong
by BradMatheny
12
Plan Your Trade 6-25-24 - Base Rally DayThis video continues my series on planning your trade around my SPY Cycle Patterns. Today is a Base Rally pattern. I suspect the price will attempt to climb above $544 and may attempt to rally above $550 over the next few days. This is an excellent opportunity for traders to swing for the fences with long trades. Time your entry. If the price fails to rally above $544 in early trading, we may see a strong rally later this afternoon. Tomorrow is a Breakaway pattern in counter-trend mode. I suspect we'll see a bit of a downward price swing tomorrow after today's strong rally. Then, another push to try to rally above $550 on Thursday. Plan your trade. Learn how I can help you stay ahead of these bigger price swings.
AMEX:SPYLong
by BradMatheny
2
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets. Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July. You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading. Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades. But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024. Learn how my specialized research can help you. Learn the Mechanics of Trading. Let's go get'em.
AMEX:SPYLong
by BradMatheny
SPY Rallying to $608+. Are you ready?My research suggests the SPY will quickly rally above $560 and continue higher to breach $608 (a 100% Fibonacci measured move) before the end of August. The Q2:2024 earnings data and continued US economic strength will drive capital investments in US equities over the next 3+ months. Traders continue highlighting the risks related to US banking issues and the related downside price concerns. I also share these concerns - but continue to follow the price action simply. My analysis suggests the SPY will attempt to rally to levels close to $605+ before finding any major resistance.
AMEX:SPYLong
by BradMatheny
Start the crypto market with BNB? BNBUSDT : If it breaks the range of 630 and the candle closes above it And the pullback is done, we can expect the specified range to move But keep in mind that this is the first and short-term target And if the price breaks our red trend line and crosses it Then it will move up to the blue trend line. You can open your position right now And set your stop below 489 Another stop can be 554. But keep in mind that the price may hit your stop in this area and move up. So, if you want to open your position at the same price, the safe zone is 489. If you want to wait, the price will cross 630 and complete the pullback Stop point 558 is suitable.
Long
by DisIts
Altcoins Pre Rally- Ok here i will try to explain altcoins markets possible movements before the real bullrun. - so i called it " Pre Rally ". - why i always use Cardano as exemple ? - Because Cardano is older than other altcoins projects and have liquidity. - Why i don't use Ethereum ? - Because ETH is stronger than regulars altcoins ( i don't consider it as altcoin ) --------------------------------------------------------------------------------------------- - what is important to look at in this chart : --------------------------------------------------------------------------------------------- - Bottoms ( 0% Fibo ) - impulsive first extension ( 261.8% Fibo - Green Rectangles) - retracements ( 161.8% Fibo - Red Rectangles ) - Rejections ( Red Bubbles ) --------------------------------------------------------------------------------------------- - i will post in comments some others projects and you will get it fast. - Feel free to add your favorite project in comments and i will update the comments sections. - Don't ask if project is too young. - Numbers are not rally hazardous when you use Fibo the good way. - Don't forget Trading is analyzing the past and try to get the future. Happy Tr4Ding !
KRAKEN:ADAUSD
by thecryer
15
BTC 4H 200 EMA BITCOIN is back at the 4H 200 EMA . The chart shows how since BTC flipped bullish above both the 50 & 200 4H EMA's , the moving averages have provided support when aggressively trending in the case of the 50 EMA (bounced twice). When BTC has a pullback/ranges we see that the 4H EMA provides support (bounced 4 times). For the BTC rally to continue in the mid term this level must hold out to prevent further drawdown. With the halving only weeks away we have an decrease of supply and thus a a reduction in sellside pressure. Greyscale do continue to sell but for how much longer we don't know. Once they do stop selling and the mining rewards halve we have a a very bullish environment for the rest of the year. For now these are my thoughts on price action: - Hold the 4H 200EMA, range between DAILY RESISTANCE and the moving average. - Lose the 4H 200EMA, first support level is the DAILY SUPPORT, if that is lost then filling the wick at 59K could be on the cards and would offer a great place for long term holds.
by ProR35
GBPJPY: Thoughts and Analysis Post-BOJToday's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield curve control and ETF purchases. This had a negative effect on the JPY and sent majors higher. The GBPJPY has added up to 0.73% in today's session and has come close to testing resistance. We want to see a break of resistance to show a new continuation higher. A stall at resistance could set up a new move lower. If we see a new move to 190 and above, could we see the BOJ step in? Good trading.
Long
by Eightcap
XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish. I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure. Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
CRYPTO:XRPUSDLong
by UnknownUnicorn25768508
20
S&P500 - 5000 Points In 2024Hello Traders, welcome to today's analysis of S&P500. -------- Explanation of my chart analysis: The S&P500 has been rallying for the entire year of 2023. Many people do expect a correction but the charts are still looking pretty bullish. If we see a breakout above the previous all time high at $4.700, I do expect a rally back to the upper resistance of the rising channel above $5.000. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
SP:SPX
by basictradingtv
5
ETH USD IdeaETH/USD on Coinbase, we observed a distinctive three-leg downward movement last year on November 11th. The daily confirmations for each leg displayed a clear bullish bias, making it remarkably straightforward to trade, thanks to technical confluences and accurate price predictions We got Pitchfork Channel. Consistently respecting channel percentages, we've only encountered 11 stop losses across over 50 trades, involving both spot and scalp trading. The returns have been not just realistic but impressive in terms of ROI. Ethereum proves to be an exceptional asset, consistently providing profitable opportunities. Looking ahead, it's important to acknowledge that the same ease with which it gave us gains can result in retracements to retest previous lows. Despite the held structure, the market could easily revisit these levels. Presently, we find ourselves in a monthly bearish order block, leading us to explore bearish trades. However, we maintain long positions as hedges. This strategy ensures that, in the event our short positions prove incorrect, losses are mitigated through the gains from our long positions. It's a simple yet effective approach to navigate the market. Wishing you peace in your trading journey."
COINBASE:ETHUSDLong
by themarketknight
SPX: Reached a Resistance After an Insane Rally!The SPX has reached a critical resistance area. As observed on the daily chart above, the index hit the 4,541-resistance line (black line), which was a previous top level from September. This resistance line is quite close to another key point, the 4,567, an open gap since August (yellow line), making this whole area a zone of resistance. Although the SPX showed some weakness today, there is no sign of a top nearby, and the index would have to make a serious bearish reaction in order to reject the bullish sentiment. In my opinion, as the index has just hit a resistance area after a relentless rally since October 30 (last bottom), a pullback would be healthy. In this scenario, I see it seeking the gap below the price around 4,421, near the 21 ema. However, it must make a decent top signal to convince me that it will correct. What if the SPX breaks its resistance area? In theory, it would resume the bull trend seen on the weekly chart. Its next technical resistance is the 4,607, and above this key point, we see the all-time high at 4,818, near the purple trend line that connects the tops of its Ascending Channel (which is another bullish chart structure). Therefore, given the multiple chart structures observed in this analysis, we conclude that the SPX is in a mid/long-term uptrend, however, a mid-term pullback would be acceptable now, as it just reached a critical resistance area – the only thing missing is a clear top signal. Keep in mind that, statistically speaking, November is the greenest month, with an average return of 1.71% (since 1950). December is another good month for stocks, going up 1.50%, on average, and it ends up being a positive month 75% of the time. I’ll keep you updated on this, so remember to follow me if you liked the content. All the best, Nathan.
SP:SPX
by Nathan_The_Finance_Hydra
2
Historic Moment For Algorand Algorand is at a historic moment regaining the 13.5 cent support area. Weekly & Monthly chart are showing potential for a big rally. This coins ATH is $3.15 or 23x the current price. Take a look at that squeeze on the Bollinger Bands! Price has been very suppressed on this project if you look at the larger timeframes. The boom/bust cycle symmetry is there and there is now potential for exponential growth! TV please don't delete my post! This chart has the potential to age very well! Always invest at your own risk! Im basing this trade over the next 3 to 12 months. Don't sleep on Algo!
COINBASE:ALGOUSDLong
by observingthetrade
BITCOIN can rally to $170K if it repeats 2018-21 historyHere we looked back at the bars pattern from 2018 to the beginning of 2021 and replicated it at April 2022 (the BLUE pattern). We can see a clear similarity in the bars' pattern from April 2022 to January 2023 which makes us believe that the price will repeat history. We are presently in a Concentration Zone where the price is predicted to BREAKOUT bearish at the start of February 2023 and rally as low as 8.5k. The price would then come back bullish and rally as high as 170k and hit new ATH. Bitcoin looks bullish in the long run !!! Let me know if you agree! This is an analysis. Not financial advice.
BITSTAMP:BTCUSDLong
by YanakTrading
Dollar Index IdeaGood morning, traders! Here's a quick update on the Dollar Index. It appears to be experiencing a substantial selloff, and indications point toward a repricing into lower liquidity levels. Interestingly, in contrast, we're observing rallies in other dollar pairs, including EUR/USD. We made an attempt to take a swing position lower in EUR/USD yesterday, but as we've seen, sometimes recognizing when a trade is moving against you is an art in itself. We promptly closed that trade with zero profit, demonstrating the importance of swift decision-making. This situation underscores the significance of monitoring correlation between currency pairs. Understanding these relationships can be instrumental in making informed trading choices. As for the Dollar Index, it's worth noting the presence of a single-print level at 104.897, often referred to as a "liquidity void" in modern trading vernacular. This is a particularly attractive target for algorithmic trading, and it will be intriguing to see how events unfold. Wishing you all a day of successful investing, dear traders.
CAPITALCOM:DXYShort
by themarketknight
BTC - Let The Party Start 🎉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. On the Weekly Chart (Left): The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000. On the H1 Chart (Right): The blue curve shows the overall bullish trend, with the previous major lows marked in blue. Today, BTC formed a new recent low. If history repeats itself, we can expect the price to retest this low before forming another significant upward impulse. The bulls will remain in control unless the last low is broken downward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
BTCUSD - New Rally has BeganAs discussed back in 2021, we were watching a correction in BTCUSD taking place after a 5-impulse wave move (marked on the chart) starting wave 1 of the initial bull market rally. The next phase was a three correction, as marked ABC on the chart. We had measured a possible level of the correct to reach around 17257 from the confluence Fibonacci retracement level. Please see my previous post from September 2021. The 3-3- 5 wave move into this level is now complete. This level has now been reached, and we see a bullish divergence in both the composite index and RSI indicators. The quick move of the RSI from below 40 to 70 is a strong indication that a change in direction is about to begin. The RSI is holding above 40, being the base in a bull market, while the price is forming a bullish wedge after completing a small 5-wave move within the wedge. A break and hold above the top of the wedge will see a fast and aggressive move high as we move into wave 3 of 5 which is always the largest wave. Hang on to your hats, as the initial rally in BTCUSD will be insignificant to the rally that has already begun. Forget the moon, aim for Pluto and beyond.
COINBASE:BTCUSDLong
by TRADER-RI
1
BTC USD IdeaGood morning Chart Surfers, In the world of Bitcoin/USD trading, we've witnessed a notable surge in trading volume that has brought us into a significant weekly order block. What's intriguing is that we've received a noticeable reaction from this order block, suggesting its importance. When you consider TPO chart volume data, which unfortunately isn't available here, and the monthly VWAP (indicated by the red line), it paints a rather bullish picture. However, despite these bullish signals, it's worth noting that the recent rally in Bitcoin has been quite substantial. As of today's data, caution is warranted. Should we see a retracement back to the 26,479 level, and if this level holds, there may be an opportunity to go long. But for now, it might be prudent to consider scalping moves, particularly when we encounter retracements of around 80%. In a market as dynamic and unpredictable as Bitcoin, a approach reminds us to weigh the data carefully and remain prepared for a variety of potential outcomes.
COINBASE:BTCUSD
by themarketknight