1INCHUSDT | More Correction Over the Weekend?Market Context
Sell pressure in the crypto market is still relentless, and I anticipate more downward action before the eventual pump. This weekend could be pivotal.
Chart Analysis
1INCHUSDT is presenting a fascinating opportunity with a great risk-reward ratio. The current setup suggests that we could see a further correction before the bulls take over.
Strategy
The market is ripe for a test of this theory. With selling pressure still strong, I’m gearing up to short 1INCHUSDT. If the market behaves as expected, this could be a rewarding trade.
Action Plan
Let's test this theory and see if we can capitalize on the expected downturn. Stay tuned for updates—this weekend could be very interesting!
Sellpressure
Bitcoin(BTC): We Had A Drop!!Bitcoin rejected fully FWB:48K and reclaimed $45K zone as well!! Our weeks-long game plan is working very perfectly, and the price is moving just as we have been predicting it to move.
With that being said, we have had so far 7% market price movement since the entry zone and 14% market price movement since the FWB:48K zone, which we have been monitoring for quite some time.
With that being said, we also see that during Asian session, BTC stayed in the lower zones without any impulse to upper zones, which is good sign of further downward movement to come from here (maybe with small correction to upper zones)
As always, "buy the rumours, sell the news." - Ethereum ETF is next??
DXYIs DXY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at daily time frame resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 105.20.
What you guys think of it ?
IDUSDTIDUSDT is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone which is 50% fib retracement level as well. the red candles at resistance zone Will indicate the sell pressure.
If the sell momentum continues the next target could be 0.2000 region.
What you guys think of this idea
USDJPYIs USDJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 146
What you guys think of it ?
USDCADUSDCAD was trading in bullish ascending channel and then buying pressure seems limited. Now the pair is seems to be under strong sell pressure and break through important support zone with enormous sell pressure.
If the bears pressure is still on then bear's next target will be 1.3400.
What you guys think of it ?
GBPUSDGBPUSD is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone. As the red candles at resistance zone indicating the sell pressure.
If the sell momentum continues the red next target could be 1.2550 region.
What you guys think of this idea?
AUDCADAUDCAD is trading in descending parallel channel and consistently printing LH and LLs.
As the price has reached to resistance area its nice place for bears to attack and print new LL.
Resistance area has shown good sell pressure and it is making strong red candles.
What you guys think of this idea?
AUDNZDAUDNZD is trading in long term bearish channel and respecting well the highs and lows of channel. price formed temporary small bullish channel within large bearish channel but failed to sustain. Currently the pair is retesting the broken support level and it seems like the pair is heading to further downside.
US economy collapse is coming ? Economy collapse will be coming as soon as we know it.
The government default is coming but they made a deal about the debt ceiling. Is it good or bad ?
It’s bad for the economy yall it’s not good .. we might expect to see US collapse until the ceiling broke and inflation will rise, which means Powell has to do 25-BSP or maybe 50-BSP..
Overall USA ran out of money but they raised it up billions of dollars more which means student loans payments will be reinstated and more.
Honestly I don’t really like the sound of this and this will put us into a recession
XAUUSD | Perspective for the new week | Follow-up detailsAll attempts to upload a video on the XAUUSD failed as it keeps prompting network issues. So for the XAUUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers!
This is a follow-up video to my previous analysis where we closed the week with a profit of over 5,000 pips ( see daily commentaries in the link below for reference purposes). Gold has witnessed its worst-performing week in recent times as US Yield hit a 14-year high to close around the $1,640 zone. As we head into the new week, we are not sure if a trend continuation to the downside will be happening since there are no high-priority events that will be serving as a catalyst for price movement this week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BTC Bullish Crossover in Buy/Sell PressureThis Volume Flow indicator shows both in flow and out flow volume . In June, at the current bottom, you can see sell pressure peaked dramatically, and has since waned. Buy pressure, conversely, and gained momentum. They finally crossed over on the weekly. In my previous idea I point out how this same, particular Volume Flow indicator signaled the end of the 2018 bear, and has generally crossed over at huge swings in momentum. This is very speculative of course, but it will be very interesting to see if it actually reversers momentum.
BTCUSD finally received strong resistance and pressure of 50KThe main resistance zone pressure is started and we prices like 51500 are now strong and important number if reaches, because as you can see our range zone based on this (0.61% of Fibonacci retracement level).
If we have a breakout here to the upside then the price can easily continue pumping and reaching previous ATH or even 80K and ...
Targets and supports ahead:
A. 46000$
B. 44000$
C. 40000$
DISCLAIMER: ((trade based on your own decision ))
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USD/CHF 60 PIPS Short Reasons why to short USD/CHF:
Parabolic SAR Indicates a Parabolic bearish reversal in price
Cloud breakout at the major resistance zone indicates sell pressure and more proof we are going to reverse because the previous cloud breakout at the major zone also indicated a sell off.
We broke the trendline and good selling support has shown
ATR indicates a rise in volume anytime soon which means big movements
DXY Looks Bearish
Reasons why to go long on USD/CHF
DXY looks Bearish but news can cause a bullish legg on the upside to 97.00 Area
Because sometimes unlogical movement in the market is logical movement, banks playing around.
BITCOIN NEARING STRONG SUPPORTBTC has been trending downward for a couple of months. After reaching its all time high in December, it has slowly declined. Up to this point, BTC has had immense selling pressure, but this is starting to run out. We are nearing the support that comes from 5k and BTC bounced off every time since then. Unless sell pressure starts to sharply increase we should not be breaking that support anytime soon. Low leverage positions at ~6950 with stop losses should be adequate. If sell pressure continues and buy pressure does not overcome it, Bitcoin can go back to ~6,500.