Gold 15m 1st AugustWe are now in a new month, gold has traded aggressively in the last month, currently I am mapping a bullish internal structure, I would like to see gold trade higher today. We have news this afternoon.
Again ideally I would like to have seen a deeper push to the downside to clear the lows from Monday. If the price does do this during the afternoon I will re evaluate.
Seasonality
what a chartwe have LQ spike and then this spike had broken and the price complete the pullback
we can get a buy position
Let Time Be Your GuideCrypto Market Monthly Chart
The Crypto Market Cap can offer great perspective for long term swing trade entry and exits into BTC and ETH, and should be watched closely as this market develops.
There is a clear time pattern which would suggest that you should have your position or at least be DCA'ing now into the reliable market participants BTC and ETH.
You should have a position size that would allow you to withstand volatility down to €17k and not exit the trade, you should have a position you wont exit until mid 2025.
The 10 month moving average is also turning up and moving in the right direction again, as it did during the orange "Get Ready" periods historically, these were good entry periods.
With a recession looking very probable in the next 6 - 18 months (as the yield curve has started to un-invert), it is important to recognize that we might have a March 2020 style correction for the Crypto Market Cap, thus I have overlaid that bull period (Jun 2019 - Nov 2021) onto the chart as a projection of what may be possible. It would not surprise me to see a correction of this magnitude down to approx. €17k, do i expect to happen? NO! but we have to be open to the possibility, especially with the high probability of a recession over coming 6 - 18 month period. Thus it would be wise to position accordingly and potentially have a little powder on the sidelines. Regardless, you should have your core position in place or be getting it in place as there is likely a 29 month period of upwards trajectory incoming and all you truly need is to maintain your emotions and practice patience until mid 2025.
Good luck on your 29 month trading journey, stay focused on time and patience.
Apple's Earnings: Should You Take Some Profits Off The Table?Apple's Earnings: Should You Take Some Profits Off The Table? Apple stock has been on a roll lately, up 50% heading into earnings. However, given that earning date is just around the corner on August 3, and historically, Apple stock tends to sell off in the months of August and September, it's time to consider the wisest course of action. Many investors are pondering whether to take some profits off the table, especially considering that the company's revenue, net income, and net profit margin have all been declining in recent quarters. As we rationalize why or why not to sell Apple's shares, let's review everything you need to know about Apple's earnings and stock performance.
Update oil 29/7 no2Last week's oil just broke the weekly line, but if there is no gap up over the week, I will sell and remove.
Because I think this is a candle that pushes the price to take profit to lure buying fomo
The first target is 76, then monitor the reaction like the scenario below and then confirm.
Medium-term target is 66-49 ( All must satisfy the condition that on the first day of next week, there is no increase gap)
In case the gap increases over the week, it is possible that in the next time oil will reach 93.
--
Technically:
- Weekly frame: price hits the belly of thick clouds >> pretty good resistance
- Daily frame: the price goes all the way to 234, confirming the end of the up wave on the daily frame, the increasing wave on the daily frame is a correction to decrease in the weekly frame.
- So my medium-term oil trend is down to 4x (this is crazy right?)
Update Olil 14/7Update Olil 14/7
Oil is about to hit the 77.5 zone, if it gets there, it will confirm the end of the daily time frame bullish wave.
What we need to do is watch the price reaction in this zone 77-77.5
Expected trading plan:
Sell limit oil 77- 77.5
SL 78.5
TP 73.5
TP2 72.5
( Sell small volume transactions)
Buy limit oil 72.2-71.5
SL 70
TP 78.8
TP2 80.3
( Buy normal or large volume trades)
The previous plan made a profit of more 750pip 👇 👇
Gold XAUUSD daily insightsGold
Seasonally gold tend to have a bit of a rally towards the last week of July
Daily is very interesting because its showing bullish swing structure however it has bearish internal structure recently showing bullish momentum in line with the higher timeframe like the weekly and monthly.
We have now traded above the weekly inside range and closed above, we could see gold push lower still and take the daily gap.
Technically we now have a change of character on the daily back to the downside as well as a sweep of liquidity.
Next week we have FOMC, therefore its wise to anticipate an area of liquidity where the most amount of damage can be done will be targeted.
We are trading around the equilibrium of the weekly range and have a weak low.
I will be trading cautiously until the FOMC rates release and statement to get a feel for the true direction.
Bitcoin for the test of timeWe having multiple mixed economic signals, but taking all the noise out, we can see that US economy will be facing a recession, M2 at the lowest says a recession is coming, today we having jobless claims, inflation came lower than expected, but higher than last one, J.POW will increase the rate hikings, and Muricans are saving lower cash than ever...
This may lead to a economic crisis, we had banks crashing early this year as well.
For Bitcoin keep going up we need a really good scenario, since we having accumulation period for the halving, we are not in a bull market yet, but people calling for 40keks a single coin are delusional at this point.
do not buy the top!
cheers!
EURUSD 15m 19th JulyEURUSD
We have now filled the gap and broken structure on the daily to the upside clearing the targets.
Typically expect a retrace after a structure break, price has now shown some supply chain forming.
We have more US news today along with GBP news this morning. Should price trade higher and take the highs, will wait for the structure shift again next week likely with US rates release
Am now looking for shorts
EURUSD daily 18th JulyEURUSD
Pair has shown some very strong recent price action breaking the highs.
Take note next week we have the US rates release, price is trading and very extended.
Price has filled the gap now and is still holding out, typically after such a move we can expect a strong pullback.
Am looking to see signs on the lower timeframes that this could happen.
Ethereum -> Now Breaking The $2000 LevelHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
Looking at the weekly timeframe you can see that Ethrereum is slowly channeling higher and in confluence with the bullish moving averages I simply do expect more bullish pressure.
Exactly 3 days ago Ethereum perfectly broke daily resistance towards the upside which is now of course turned support so with the current retest of the $1940 level we could see another rejection higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DOGE: Clever Trick to Outsmart Investors - Timing is Everything
DOGE Coin was designed to make even the greatest investors doubt themselves. And guess what? After the recent (not surprising to me and my inner circle) XRP pump, DOGE Coin thrived on that disbelief. Many panicked and sold their bags at a loss, rushing into new sheeshcoins in search of quick gains. But here's the thing, the subsequent DOGE pump was all part of a clever strategy to offload MarketMaker bags without causing significant BTC pressure. As a result, we've seen a consolidation phase with occasional altcoin pumps, sparking hope for an upcoming altseason. But don't get too excited just yet. If you check your charts, you'll notice that a similar scenario between XRP and DOGE has happened before, and history tends to repeat itself.
Now, let me share a killer 5RR setup based on the recent STB move on the 4H chart. Right now, accumulating DOGE between $0.07 - $0.066 is a fantastic entry opportunity. Just be smart and set a safe stop loss at $0.0632, which would invalidate the idea if triggered before a possible BTC dump. My main target is set at $0.11, showing where I expect the price to reach.
XRP coin - harbinger of end bull marketIf you opened longs in crypto last 48 hours, then this post for you personally! On Thursday afternoon, news came out that inspired optimism in entire crypto world!
Ripple won the decision that XRP is not a security.
The trial lasted for many years and news, with a superficial analysis, is positive BUT ...
If you look at the POLONIEX:XRPUSDT chart globally, you can see that for every bull market, this coin cannot update its past high.
That is, at whatever point you would not buy this coin - you will always be in the drawdawn.
It's also funny that social networks are teeming with predictions about $10 XRP 🤡
"Once a year and stick shoots!" 🚀
This saying appeared after one of the XRP pumps.
Once a year, this coin shoots and gives the old holders opportunity to break even, simultaneously planting new “long-term investors” into it.
But this coin has another feature!
She is one of the horsemen of apocalypse in the crypto market.
A few facts:
December 2017:
XRP rises by +1229% in a month, once the alt peaks - BINANCE:BTCUSD falls for 451 days with a result of -82%!
September 2018:
XRP rises by +172% in a couple of days - after 48 days BINANCE:BTCUSDT falls by -49%!
April 2021:
XRP is growing by 244% in a week and at the moment when XRP peaks - BYBIT:BTCUSDT begins a 99-day fall -55%!
What is this? 😳
Magic? Market maker tricks? Whale manipulation?
Call it what you will, but fact remains that XRP’s strong rise is a wake-up call that has always turned the crypto market medium-term before!
As past period shows, the stronger pump in XRP, the more painful the subsequent fall in entire crypto market!
But if you want to find more ideas in great companies with high growth potential, welcome to the profile 🎩
Gold -> New Highs In 2023?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪
The monthly timeframe on Gold is still looking quite bullish considering that Gold is currently retesting the 0.382 fibonacci retracement level in confluence with support at the $1930 level.
On the weekly timeframe you can see that Gold is already starting to reject previous weekly resistance which - after the break above - was of course turned clear support.
And with Gold being up almost 1.5% today we are now creating bullish market structure again; therefore I am simply waiting for any kind of retracement to enter a long on Gold and to capialize on the next major bullish impulse.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Breaking News: The Bitcoin Bottom is in! Admittedly, this is a clickbait title ... However, let me explain ...
In previous cycles between halvings, the duration between the cycle high and cycle low was 13 months as you can see on the chart, with a price drop of >80% in that period.
November '22 marks the 13th month since this cycle's ATH, so if history is respected, chances are that this month will mark the low for this cycle.
🤔 Is the bottom in now?
Today is only the 10th, so the month is another 20 days ...
🤔 How low can we go?
I personally think that we could find support around 13800, which is the previous cycle's highest monthly close.
🤔 So 13800 is the bottom?
Not necessarily, we could spike lower than that, as 13800 would only be a 79% decline in price, so not the >80% drop we saw in previous cycles (cycle high to cycle low). So we could drop below that level, but my expectations are that we'll close the month above it.
🤔 Straight up after that?
As you can see in previous cycles, there is a consolidation period before prices start to hike again, chances are high that we'll see that same thing happening again. Keeping in mind the current economic situation and geopolitical environment, going sideways for a while would make a lot of sense.
🤔 So, no new ATH in 2022?
Most likely not, and it's even doubtful that we'll see a new ATH in 2023. In previous cycles, we never made a new ATH before the halving, so it's very likely we'll have to wait till 2024 (or later) to see price break the 69K all-time high.
🤔 Is this a good time to buy?
Fundamentally nothing changed for Bitcoin, adoption, hash rate, and approval keep growing and the fact that almost 70% of BTC has not moved in the last 12 months shows that trust in Bitcoin has not faded, on the contrary.
So, while nothing I say should be considered financial advice, my personal stance is that if you want to invest in BTC and keep it for the long term, it's probably a good time to buy now. Price could go lower as we speak, but chances that you'll be at a loss a couple of years from now are slim IMHO.
❓ Questions for you:
is the bottom in this month, or are we going to see a further decline?
how low do you think we're going?
did you own BTC at the ATH and did you sell or HODL?
when do you think we'll see a new ATH?
how high will we go?
did you like this idea and pressed the 🚀button?
Share your thoughts in the comments below 👇🏽👇🏽👇🏽
Thanks for your visit and have an awesome day!
$WTER [2h] Dry summer we all need good water!NASDAQ:WTER graph turn on green, recently signed many distributorship agreement with national market chain etc. and good time (summer for water) also can expect good revenue, let see...
Invest smartly, timely and wisely!
GBPCAD to 1.73 this weekHey Traders! 👋
For Day 42/100 of our challenge, we will look at GBPCAD long idea (based on off-chart data)
Technicals:
- Bullish structure with HH-HL forming
- Expecting this structure to continue
- Looking to go long on 1.715 break and retest
- Weekly target at 1.73
- Invalid idea when 1.695 downside is breached
PMT:
- Seasonality: Bullish
- Pattern predic.: Neutral
- Trend: Bullish
- Retail pos.: Bullish
- COT: Bullish
That's all for today. Been busy during the week. Will start posting daily again.
Have a great mid-week 🥂