Bitcoin's Crossroad - FOMC March 2022I believe this is the only way to view what may happen in the near term future with BTC price speculation.
I know twitter is full of perma-bulls saying that 32/33k will never be seen again, they could be correct, but regardless their bias shows because they are making their decision too early...
Perma Bears said we were going to 18-14k even 11k last week on Russia Fears, and the War is turning out to be worse than expected, while the market as well as BTC has shown resiliency in the face of the worst potential conflict in the modern era... Super Power Conflict... even with Gold Spiking... BTC pumps??? (STRANGE)
We will know soon what is going to happen, but anyone calling it today is at best, an over-eager trader. This point today, makes a great short opportunity... March 15th, we will see what happens...
Buy the Rumor, Sell the News? - Goodluck!
(Near Term Short, (1-3 Days out) - 35-37k retest possible... we are at major macro resistance here...
RATE
THE 40 YEAR BEAR MARKET IN 10 YEAR TREASURY NOTE INTEREST RATEThe attached chart shows 40 years of declining 10 year rates. As we all know, that rate is the basis for mortgage rates and just about everything else. During that half cycle the housing market boomed, the stock market boomed and generally speaking, corporations and individuals prospered.
But that trend has ended.
Thursday I would have said that rates would either remain low for an indefinite period while inflation soared or rates would be raised to quell inflation. But Friday Central Banks around the world announced tightening.
The party is over!
It is time to batten down the hatches, lock in long term profits on stocks, rentals and any other investments that correlate inversely with interest rates.
Obviously the major players saw this coming and started bailing at the first of2022.
Now us little fish must do what we can to avoid losing the wealth we have.
As an aside, it was announced last year that Bill Gates was diversifying into farm land. Obviously that anticipates food shortages and inflation.............
I will post more on this once the picture becomes clearer.
midnitepoet
Rate Chart and Order 0/10 (fail)Hi,
I've just started trading on TradingView, before that was on binance. Found Binance much easier to set order but their chart is ugly. Like old pixeled screen when you zoom out and blury image.So ive actidentally failed at order ofc Limit amount wasnt executed as i wanned : D ,but its fine 30e are at stake no biggie...
So how does my chart looks. Does it make sanse ? :( :)
EURUSD wrong crash, FED not increase rate yet ,they only speak no real increase rate yet ,dont panic , mr Powell (US FED) only speak and say his idea (dont say 100% we will increase rate) and say in 2023 MAYBE we increase rate (not today ,in 2023 ) !
THERE ISNT ANY REAL ACTION behind eurusd joke crash ,nothing happend yet
apnews.com
after emotion reduce,eurusd will fly up and will start new + up trend for new high (record)
we strongly advice (after speak many pro traders in larg banks,funds) ,dont inter sell (main trend is + up) , looking for buy and hold it until new high (with sl in low)
for next days daily SMA200(orange line) in focus , it is very important,break it mean up trend started ,if you have buys , dont fear ,eurusd will fly up soon , but if it can break 1.177 big trend , hedge them with sell (lot=0.5* total buys) allow price go down,back to up (+ trend appear) then close sell frist ,then on high close buys
if you have sell , inform US10Y yeild going down, will push eurusd to up soon, so 100% put SL on day high , if eurusd go up ,never will back here again
arrow green,red= powerfull limit order place with SL=40 pip and min tp=120
good luck
A beautiful trade.A textbook trade out in the real world.
Price has been moving in a good upper channel for some time and it has reached the resistance trend line for the channel.
An extremely good chance that the price will travel down to the supporting trend line.
The stop loss is placed very tightly, if by chance it gets taken out, enter again when it retests at the above (near the blue rectangle).
However, if you wanna play conservative, go with the blue line that I drew as a small trendline, when the price touches that, look for a retest and nice bearish candle, and enter the trade with a good stop loss above the resistance level.
Never risk more than 0,5% on a single trade and stop-loss to entry when 2 RR achieved.
Nothing is guaranteed in trading but finding high possibility setups with a good probability of the trade working out may just do the job.
Audusd ...a potential to pullback on a downtrend ?How will the cash rate push AUDUSD to?
#shadowingthebigboys
#trading
#forex
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Super set of oscillators by Thomas DeMark!Dear friends!
I continue describing oscillators developed by Thomas DeMark.
In my previous articles, I have already explained such tools as
TD REI and TD POQ (look here ).
In this post I’ll continue describing technical tools developed by Thomas DeMark.
TD DeMarker I
I’d like to start with the TD DeMarker I indicator. It is similar to TD REI and aims to distinguish between trend and non-trend movements in the market, and then, having determined the trend, it searches for reversal points depending on how the indicator reacts to oversold and overbought levels.
Its calculation technique is very simple. TD DeMarker I compares the current and the previous trading day’s highs according to the following algorithm:
1. Calculate the TD DeMarker I numerator
• If the current bar’s high is higher or equal to the previous bar’s high, the difference is calculated and added to the numerator.
• If the current bar’s high is lower than the previous day’s high, then zero value is assigned to that bar. Next values of the difference between the highs for each bar are added to the numerator over a series of 13 consecutive bars.
• If the current bar’s low is equal or less than the previous price bar’s low, then the difference between the previous day’s low and the current low are the numerator.
• If the low of the current bar’s is greater, a zero value is assigned to the nominator at this bar. The next values of the difference between the lows for each bar are added to the numerator over 13 consecutive bars.
2. Calculate the denominator of TD DeMarker I equation
• You add the value in the denominator to the sum of the differences between the lows in the same period.
3. Calculate TD DeMarker I = divide the numerator by the denominator.
• As a result, we get a value that will move in the range from zero to 100 in the form of a fluctuating 13-period line. At the same time, the overbought zone will be above 60, and the oversold zone will be below 40.
Now, let’s find out how this indicator’s signals are interpreted
A buy signal should satisfy the following conditions:
1. DeMarker I must not be below 40 for more than 13 bars
2. The bar’s close at the signal level should be lower than the low of one or two bars ago
3. The bar’s close at the signal level must be lower than the previous bar’s open or close.
4. The open of the next bar following the assumed reversal bar must be less than or equal to the close of any of the two previous bars.
5. The asset must be trading higher than at least one of the two previous closes.
As an example, I’ll take the BTCUSD market situation that has recently occurred. It is clear from the above chart that the BTCUSD was in the overbought zone (above 60) from the start till the end of May. Afterwards, the price rolled down below 40 and the indicator entered the oversold zone.
Immediately after that, we look for a point where the bar features the low before price exits the oversold zone.
Finally, when the price went beyond the oversold zone on June 13, we can easily identify the low in the period when the ticker had been below 40, according to TD DeMarker I.
Now, we can analyze the continuation pattern based on the above conditions.
1. The DeMarker I indicator was below the level of 40 for not more than 13 bars - in our case it was only 5 days;
2. The bar’s close under the red arrow is lower than the previous bar’s low (blue dots are above than the red dotted line).
3. The close of the bar below the arrow is lower than the previous bar’s open and close (blue dots are far lower than the previous bar).
4. The next bar’s open following the reversal bar is equal to the previous bar’s close (there are no gaps).
5. The asset is trading higher than the previous bars’ close levels. Furthermore, when the indicator exited the overbought zone, the price had been already trading above all the previous bars’ close levels.
Therefore, one could have safely entered a buy trade at the current level when the new bar of June 14 opened (I marked it with a red cross in the chart).
As we already know, this signal reached the target and provided the opportunity to gain on the BTCUSD movement up to the high at 14 000 USD.
I should note that when a buy signal is not confirmed, that is, the five conditions above are not met, there is still a signal, but it is a sell signal. Although such a sell signal cannot be as strong, it can be a confirmation for bearish signals of other indicators.
There is a good example in the chart above. It displays bitcoin’s all-time high at 20 000 USD.
After the DeMarker I had been in the overbought zone for quite a long time, it moved into the oversold zone, and so, we start counting and see how long the price will be in this zone.
Finally, there is the following situation:
1. DeMarker I was not below the level of 40 for more than 13 bars, in this case it was 12. So, this condition is satisfied.
2. The close of the bar under the red arrow is lower than the previous bar’s low (blue dotetd line is below the red dotted line). This condition is also satisfied
3. The close of the bar under the arrow is lower than the previous bar’s open and close. This condition is also met.
4. The open of the bar following the reversal bar is equal the close of the previous bar (there are no gaps). This condition also confirms the bullish scenario.
5. The asset is trading above the previous close levels. This condition is not met.
It is clear from the above chart the bar following the oversold zone (marked with a red arrow) went down lower than the close levels of the previous two bars, and, moreover, it was trading below the close level of the two bars preceding the reversal bar.
Therefore, the last condition is not satisfied, and so, we have the reasons to assume that there is a real reversal of the bullish trend.
Now, let us study the sell signals.
The following conditions must be met:
1. A sell signal should meet the following conditions:
2. The indicator must be above level 60 for at least six bars.
3. The signal bar’s close must be above the previous bar’s open and close.
4. The open of the bar following the signal must be equal or higher than the close of any of the two previous bars.
5. The asset must be trading below one of the previous close levels.
As soon as all these conditions are satisfied, it can be interpreted as a sell signal.
TD DeMarker II
The above chart presents an example of the Bitcoin bullish trend reversal in December 2017, after which there started a long-tern bearish trend. Let us analyze this situation as a bearish signal. When the bar marked with a red cross was forming, the DeMarker I indicator leaves the overbought zone and goes below level 60. Therefore, it is the case for looking for a sell signal within the zone, where the price was above level 60 (the zone is highlighted with green in the chart).
The red arrow highlights the bar that closed higher than the highs of the previous two bars, and so, higher than the previous bar’s open and close (in the chart, it is marked by the purple dotted line on December 17 that is above the green line). The next bar, following the one with the red arrow, also meet the condition and opens above the close of the second-last bar. Finally, there is the trend reversal signal and the opportunity to take the profit on December 20 (it is the bar marked with the red cross in the chart). However, this indicator, like other technical tools, may send false signals. To filter the entry signal, it is recommended to apply TD DeMarker II as a supplementary tool.
TD DeMarker II
Unlike the TD REI and TD DeMarker I, which compare the price highs and lows with those of one bar ago, TD DeMarker II analyzes a number of price ratios to measure the pressure of buyers and sellers.
Let us study the calculation formula of the TD DeMarker II.
Calculate the numerator:
1. Calculate the difference between the current bar’s high and the previous bar’s close.
2. Add the result to the difference between the current bar’s close and its low.
3. Distract the previous value from the current bar’s high
4. Sum up all the values. If there is negative result, assign a zero value to it.
Calculate the denominator:
1. Add the difference between the current bar’s low and the previous bar’s close to the numerator.
2. Add the result to the difference between the current bar’s high and its close (this value defines the selling pressure).
The buy and sell signals of this indicator work under the same conditions as for the TD DeMarker I, so, I won’t enumerate them again. I have already many times mentioned that, if multiple buy or sell signals are at the same place, the signal becomes much stronger. As it is clear from the above chart, a buy signal sent by the TD DeMarker II (green cross) matches to the one sent by the TD DeMarker I (red cross), which in combination confirms the sell signal and enhances it.
TD Pressure
DeMark suggests that the price action is directly affected by the supply/demand ratio. As the price change is often preceded by a change in trading volume, DeMark suggests measuring the speed of changing in the trading volume along with the speed of price changes. In addition, according to DeMark, these parameters are more important for the current bar, rather than for the complete bars. In general, these values determine the buying pressure on the market, which is calculated by subtracting the current bar’s open from the its close and dividing the result by the price range of this bar.
The result is multiplied by the trading volume of the current period and is added as a progressive total to the indicator value.
Finally, we have an indicator that shows buying pressure. For example, if the bar’s open is equal to its low, and the bar’s close is equal to its high, then the trading volume will be on side of buyers, and the indicator will display a strong rise of buying pressure. And vice versa, if the bar’s open and close coincide, even a greater trading volume won’t affect the indicator, as the market will be balanced, and the bulls’ power will be roughly equal to that of bears.
The indicator’s band moves from 0 to 100%, and the overbought and oversold zones, like for the indicators, described above, are the zones above 60 and below 40 respectively. The buy and sell signals sent by this indicator are interpreted in the same way as those sent by TD DeMarker I and II. Besides, this indicator is also a confirming one, and when it coincides with other signals, it confirms the indicated direction.
You see in the above chart that the signal sent by the TD pressure (yellow cross) matches to the signals sent by the DeMarker I and the DeMarker II (red and green crosses respectively), which means that the sell signal is true.
TD Rate of change (TD ROC)
TD ROC is an integral component of TD Alignment but can also be used in isolation as an overbought/oversold indicator.
It is thought to be quite simple and is determined by dividing the close of the current price bar by the close of twelve price bars earlier.
Although it is pretty simple, this indicator is quite efficient. According to Thomas DeMark, the bears’ zone is below 97.5. Bulls zone is above 102.5. Therefore, when the indicator is in a narrow band between 97.5 and 102.5 the market is in balance.
So, this indicator helps you identify the market sentiment at any moment.
But this is not its primary advantage. You can employ this indicator in technical analysis and draw the common patterns and trend lines. The chart above shows how a triangle worked out. A strong momentum, marked with a red arrow, draws the indicator beyond the triangle, which means that the market lost balance and started moving in the bullish trend.
Next, after the triangle was broken out and the bullish trend started, we build trend lines according to the common rules; in the bullish trend, the trend is outlined along the support line (red line), in the bearish trend -along the resistance lines (green line).
It is clear from the chart above that the breakout of these lines and entering the bear zone send a sell signal (red cross) in early July. Afterwards, we build the trend line along the resistance levels sand expect until the price breaks it through and enter bullish zone. Finally, in the mid-July, there is such a buy signal, marked with green cross in the chart.
Next, there is a strong growth in the bullish trend that is marked with the red trend line. The breakout of this line sends a signal to take profit, and entering bearish zone again signals the trend weakness.
As you see from the chart above, the indicator broke through the green trendline in late July but it hasn’t entered the bullish zone, and so, there has been no buy signal so far.
Another signal that really matters when using this indicator is the signal of convergence and divergence.
These signals are rarely sent by this indicator, but they are usually quite accurate, especially in long-term timeframes.
There is a clear divergence in the above chart. When the price is growing, the indicator is declining, which signals the trend exhaustion. In early July, the price couldn’t break through the previous high, thus confirming the direction of the indicator (marked with a circle).
Finally, as I have already said, the indicator went down below the trend line, which sends a strong sell signal; however, as you know, the bearish correction didn’t work out, so, for an accurate forecast, it important to employ all the DeMark's tolls together.
TD Alignment
Just for this purpose, to combine all the tools together, the TD Alignment indicator was developed.
TD Alignment is a composite indicator that combines the following five TD oscillators to measure buying and selling pressure:
1. TD DeMarker I
2. TD DeMarker II
3. TD Pressure
4. TD Rate of Change
5. TD Range expansion Index (this indicator is described here)
Each of these indicators has its own distinct method of measuring overbought/oversold conditions. TD Alignment is based on the values of all the above indicators according to the principle, where the final result is determined of the number of indicators in an oversold condition, overbought and equilibrium.
In addition, to calculate the TD Alignment, there were defined the following overbought/oversold zones:
Overbought/Oversold
1. TD DeMarker I - 60/40
2. TD DeMarker II - 60/40
3. TD Pressure - 82/12
4. TD Rate of Change - 101/99
5. TD Range expansion Index - 40/-40
Therefore, when the TD DeMarker enters the oversold zone, 1 is added to the total result. If the indicator enters the equilibrium zone, between 60 -40, a zero value is assigned, if it is below 40, 1 is subtracted from the total value.
Based on the same principle, all the indicators are calculated, and finally, there is the TD Alignment value that is moving between -5 and +5. -5 is reached when all the indicators are in the oversold zone, and +5 is associated with the case when all the indicators are in the overbought zone.
Unfortunately, I failed to find the TD Alignment in free access, so I had to write everything on my own. I must admit there may be errors in calculations, nonetheless, it performs quite well during testing. As you see, the main benefit of this indicator is showing the cases when the market reaches the extremes of the overbought/oversold zones.
In the above chart, I highlighted these levels from +4 to +5 and from -4 to -5.
When the indicator reaches this zone, it is obvious that the price will start correction soon and so you should take a corresponding decision on either taking profit or entering a trade. In addition, the indicator shows the market sentiment currently dominating; if it is above zero, bullish sentiment is dominating, if it is below zero, the market is bearish.
Buy or sell signal here must meet the same 5 conditions, described for TD DeMarker at the beginning of the article, the only difference is that you need to count the number if bars above or below zero.
Based on my own experience, I would add one more condition, the sixth one, to be met for entering a buy or a sell trade. A buy/sell signal is confirmed when the TD Alignment indicator breaks through zero level (red dots) only provided that the indicator hit the overbought/oversold zone before.
In the above chart, I tried to illustrate that, after the indicator hits green or red zone, i.e. overbought or oversold zone, the sixth condition is satisfied. So, when the indicator breaks through or rebounds from the zero level, there is a buy or a sell signal (according to the market sentiment, I marked the entry signals with green and red arrows). A red thumb down marks the levels where the market doesn’t reach the zones indicated above, and so, the condition is not met and the buy or sell signal is false; I marked false signal with the red crosses in the chart.
However, not everything is that perfect, because this indicator is rather sensitive and so, it sends quite many false signals. That is why, I do not recommend employing this indicator alone, rather, it should be used together with other DeMark's tools so that it will be more efficient.
I will describe other useful DeMark's indicators and explain how to apply them to BTCUSD trading in my next articles.
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I wish you good luck and good profits!
Gimme hope Joanna gimme hope for this ship to turn around!Hey all,
As we can see the contago play is off and be aware that the street is always smarter than me and you and the good Q1&Q2 were already baked in the price. Oil production has been reduced a lot therefore it's price has found a balance over the last week. As more people return from lockdown demand will slightly rise but still with so big production cut i expect the oil to find a balance around here? So with so much stored oil.. the ship rates are going to go down for the upcoming 3-6 months. Last chance for STNG in the upcoming hours to see where this is heading...
Gold Holding Support Before FOMC, Moving HigherComex Gold Futures and GDX, corresponding gold ETF, both took a dive on Tuesday morning. Crude Oil plunged another 14% in early trading creating a need for cash to cover losses. With FOMC rate and economic policy decisions due on Wednesday and ECB on Thursday, volatility is on the rise for the rest of the week. Gold is holding support at $1705 with potential to move higher.
Seeking a clue for breakout and direction, Bitcoin chart!Hello! Friends,
I came with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS . Thanks in advance.
Till trend is up in other timeframe so, 10% higher chance to move up the side.
seeking a clue for the time of breakout and direction.
The consolidation will continue until we didn't get test of money makers.
Don't take any position: See k first to understand, then to be understood.
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"" Intraday(30min charts) CHART ""
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Presently Bitcoin price is following parallel channel on 30 minutes timeframe chart:
Target was achieved.
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"" DAILY CHART ""
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PART (i):
Wave Theory
This is the only chart which is looking for a downward move. ..!
PART (ii):
We have seen upbreak as expected.
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"" WEEKLY CHART ""
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PART (i):
Till not found any -ve sign on weekly chart of patterns:
Relation of Cong estion vs. Volume exa mination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at the CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Following patterns has been detected-:
initiative movie
two triangles
rounded move with low volume
tails (while u-turn )
Bitcoin is trading in Up-Wave .
The closest observation at what is happening EUR/USD,Price Range: This range has attracted buyers, one again price was entered into this attraction, and buyers were seen active.
Buyers lost their control against sellers and price was pushed down with average volume.
Invalid Diji / Suspicious Alarm :
Compare to surrounding 3 candles volume, Doji has an extremely low volume that indicates suspicious activities started.
Rounded Pattern:
Whenever you see the rounded pattern which has low volume because of trader/investors, not interest that area of the range.
From the 3rd of April, we are seeing average volume trading.
Finally, If price move in a broad range with crossed average volume will our direction. For example, price cross Average Volume this week will be Bullish in price next few weeks.
In the last update: I suggested to buy EURUSD:
Semiconductors & Hashing-Rate Correlation StudyThere are long periods of positive correlation between average bitcoin hashingrate in gigahashes/second and performance of major semiconductor ETFs like SOXX and SMH
As hashing and computing power in general shows massive increases in demand there are only a few companies that have the materials and knowledge to produce 'rocks that think' aka processors and other computing components made of earth metals and silicone.
When I see big printing bars in hashing power but 'divergence' in correlation I may consider adding to semiconductor positions via options on semiconductor ETFs and computing component companies like INTC, AMD, NVDA, and the like as it means someone went out and made a huge investment in processing power in order to make a 'blip' on the hashing map but the ETFs are reflecting a downside move. This divergence between correlation of hashing rate and semiconductors displays a market inefficiency in the expectation for demand of semiconductors and actual demand for semiconductors. This divergence is an opportunity for us to capture in my estimation.
I hope this makes sense and helps your own analysis
Good luck have fun
Much Love
xoxo
snoop
Natural Gas - Go LongIf we compare past economic trends from our past in terms of our natural gas price, there are obviously many factors that contribute to the price of Natural Gas as well as the timings of the swings. Most often, natural gas will see price increases more often in the winter if we see unexpected changes in winter weather making it a seasonal bet.
In this chart I have compared the federal funds rate, the SPX 500, and the price of natural gas. These factors, from historical perspective, attribute to substantial correlation especially when we are near a market top. The more instability has shown to greatly change the price of natural gas and we can see shortly after markets reach substantial highs, natural gas has dropped to substantially low prices, then, shortly after, they correct in a substantial move. Politics play a huge factors in the price as well with political candidates speaking about banning fracking, most likely, this will be a positive for the natural gas price. Given a ban to fracking, basic economics states that when supply decreases, while demand remains constant, we will see price increases to the area of supply deficiency. Global warming can be looked at as a negative for natural gas prices as well, but the world is not heating fast enough to reduce demand for natural gas. In fact, we are seeing a rise in natural gas power plants as an alternative energy source given its low price compared to other fuel sources. Any increased demand will need to be met by an increased supply, but if natural gas prices do no rise we may see energy companies enter bankruptcy. It is my expectation that natural gas will slowly become an increasingly monopolized industry, this will be due to the factors I have listed above, but mostly because smaller companies will lose profitability potential and be forced to sell their assets to larger companies that are more sustainable.
a monopolized industry will raise natural gas prices overall, but we will maintain smaller price swings heading into the future. The reason for this is because we will see a huge possibility that the United States will nationalize the natural gas industry similar to the way we treat utility companies who provide us energy.
In the short term, going long natural gas should reap great reward as our economic expansion wanes especially as we are entering another winter.
Please post a comment below if you would like to discuss this idea further. I do understand there are many other driving factors to the price of natural gas.
Cheers,
AC
GOLD | XAUUSD : BUY if price stays before market closesIf price stays above orange trendline we are looking to buy below the central weekly Pivot of next week (in the green zone).
This means we are looking to buy Friday afternoon/evening (before market closes) and/or Sunday evening when market opens again.
USDCAD Long Term Downside SetupUSDCAD Weekly chart gives us an indication of overall price momentum to the downside as price has retested the weekly resistance zone of 1.35200.
Overall a break in upwards channel from
1.34150 has seen USDCAD sustain its shorts over the last 3weeks.
After a break - Price will usually form a pullback/consolidation zone. Perfect for re-entries.
A Weekly Pullback from Support Zone of 1.30200 has encountered yet another wall of weekly resistance of 1.31500.
Weekly Depicted Below
Daily Chart gives us a bearish flag continuation pattern with ideal swing target set at 1.25000
See below D1
Down to the 4HR Chart, a huge range of consolidation confirms our higher time frame bias on going short on USDCAD Overall .
It is important to note that the only driver of higher CAD prices could indeed be fundamental news/ lower OIL prices.
Fundamentally CAD sees itself losing steam gained against the USD as FED may hold true of cutting rates.