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Sentimentalanalysis

$AUDJPY #AUDJPY - if buyers break 75 they could push it to 76Newsflow is mixed (California shutdowns could lead to more states following suit vs Moderna vaccine progess) AUDJPY has been correlating heavily with the stock indices (US30/NAS100/SPX500) as they both are highly based upon risk on (up) vs risk off (down) market sentiment. I don't want to bet against the stock market (yet) and I've been flaky on directional bias on this pair because of the volatile risk sentiment flows & this 75 level but I think sellers of this pair with stoplosses above 75.00 could get punished similarly to how the stock index sellers have gotten punished in the past few months. I like the risk/reward ratio as well because my intraday SL is only 25 pips (74.75) giving me 1:1/1:2/1:3/1:4 intraday profit targets (75.25/75.50/75.75/76.00) from a longer term trade POV im really eyeing this 75.00 major quarter point price level & I would want a better feel on risk sentiment before making a long term bet on this pair. I would much rather talk to you at the end of of July going into August to see how this stupid virus develops and how things play out before betting on where risk flows will go in these current market conditions. (As well as to see if we can make a new Q3 high on the currency pair) 7PM-7:30 EST going into Asian Session volatility about to pick up as I'm writing this & I would definitely want price above that 75.00 price level 12 hours from now @ 7 AM est & going into tomorrows NY Stock Exchange Open around 9-10 AM EST for me to still consider this trade valid & in an ideal situation either book profits or scale in depending on the scenario (potentially both) If you trade fx / commodities / stock indices or even crypto shoot me a follow as I drop some signals, charts, and analysis on here from time to time Trade Safe
Long
by ZeveJL
Will WAX do better vs BTC?Hey guys, welcome to my ALTs analysis (This time I was asked to analyse WAX - 19/05/20): • Fundamentals/sentimental: - Basically what this project is about is to create a main digital exchange for virtual assets, in a decentralized environment - wax.io buy, sell, trade virtual items under 1 platform (Also physical items, but I think this isn’t what really sells the project, as their main focus is basically exchange for the gaming centralized stores according to their advertisement subjects). - Cons: 1. Their White paper was change changed a few times due to different difficulties. And also outdated in many ways like talking about this crazy adaptation for Libta, and others - github.com 2. Their exchange which is in beta, doesn’t really have much to show but except for the new partnership with Topps (physical cards and stickers seller as collectables for brands like Disney, Marvel, Starwars… - www.topps.com) for online collectors (For now only ‘garbage pail kids trading cards - toppsgpk.io) which doesn’t seem to impress me (Why we need it? there is no real sentimental value to this, but who knows, maybe I’m too old for this and the young/next generation kids will grow up with value towards it), and also it looks like their OPSkins project (Before Topps) has died out (0 involvement on Github, and unsatisfied customers occasionally asking them to return them their money about it) 3. Their Youtube channel, I went through some of their vids and promotions, and many links which the provide are un-accessible. 4. They say they try to compete against Steam and other centralized stores, but as for today I just don’t see a possible future for them on that ground, not until we see real big contracts with huge traffic from big names who are willing to try out their system, or at-least some pro gaming indies which are willing support decentralization and willing to use their services. the gaming industry is well too comfortable with their environment, and afraid of changes, but as a fellow gamer I personally would like to see that change one day, so for now the only real thing that drives the price are speculations, and no real use case. 5. They have a staking (as it helps to reserve system resources – cpu, network, and ram allocation to meet the needs of the developers) reward system, which is important, but to me if they won’t show some real use case, these rewards just won’t do, because who needs yet another voting system coin out there (There are way too many)?, and since people mostly holding it for the rewards then there is no real value for these rewards in 2 years… Xd.. - Pros: 1. They keep on trying really hard to show new things coming in, and they always try to get up despite the downfalls and the obstacles on the way. 2. They are actively trying to socialize and show new road maps (like the last one: medium.com) and exciting things coming. 3. Their beta is working, now what they need is actual partnership of gaming industries to build stores on top of their blockchain. They passed the first step with Topps, and prove it works, now I don’t now if there will be real demand for such things online, but their next step is to really sign a first working store on a real game (Or at-least have a partnership with upcoming game) from indies (Who are having hard times with the big centralized platforms)… _________________________________________ • TA: - In overall the big term is pretty bearish, but we are grinding the same area for long while between the strong S/R and the bottom, should we go above it there are many resistances on the way (The cloud and then to create a higher high trend) We user the weekly s10 and the last higher bottom as support which is good!. Should we break above 0.0355 (Above the weekly e21), it most likely will spike up (Especially if BTC will slowly go down or consolidates), and such momentum can grind the weekly cloud inside it with a mid-term bullish pattern (with golden cross confirmation between the weekly e21 and the s10) until tested out to create a bigger higher high, going above it means we are extremely bullish again on this project on the bigger picture as well… - The 4h is forming a nice trend line, should we go below it then the bearish trend continues (Especially if BTC crushes fast or starts it own bull run and exhaust ALTs even more for a long while..) but should we continue with it, then the 4h cloud, and the 4h e21+s10 will give it a nice boost to break this ascending triangle, and if we retest it then this will confirm a nice bullish small-term trend: - If the 4h closes with tiny bullish trend it will give a boost to the mid-term bullish trend to close above daily e50 (brown line), and grind the daily cloud until we see either rejection or a golden cross between the s10 (blue line) and the e50, this will cause us going in the cloud with even stronger mid-term bullish trend, if we continue the trend line then we should break above the daily cloud and the daily e200 (pink line), - Conclusion: There are many “Ifs” here, because we don’t really yet have a bullish momentum (Despite the bullish trend line) on smaller TF (4h) and bigger TF (weekly)… but we do have a momentum on the daily, which means if the smaller TF turn into momentum as well, this will trigger the mid-term to be bullish as well, remember, the trend is your friend, we have a potential here to make a lot of profits between the dips (on swings) if the small term push it up. Now while BTC isn’t doing drastic move is the time for the coin to shine. If I were to decide to enter a position here, I would try longing it vs with an SL behind the last dip candle on the trend (which is also on the weekly last bottom being used as support) at around 0.0297. _________________________________________ • Overall: FA speculation should help to move this coin against BTC falls and bring it to its top 100 potential. Sentimental kicking in, and this project is practically only at the beginning. Every good news should push sentimental to help the TA. TA shows positive daily higher trend, if the small term continues the bullish trend line too then the daily should make a new bullish mid-term trend I like the project idea, hopefully to see more of it. I wouldn’t sit on it for more then 2 years if it doesn’t show strong gaming real life case proof. but I also don't expect it to be top 20, it should be around top 100-50 at-least (Especially if more things are coming very soon)
WLong
by Hedgehog_king
2
Gold Holds The Shine 🌟👑🌟The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The precious metal is already in the middle of a climb these days back again, and the ongoing COVID-19 market turmoil could provide additional momentum for a longer-term climb. The flurry of interest rate cuts and stimulus efforts from central banks eventually sparking a divergence between equity markets and gold. Can't neglect the historical financial crisis facts when the bling nearly tripled its value from $700 to $1,900 . What do you think we are facing right now? Thanks for reading my idea fellow traders if it added some value in your trading please do support with likes and follow so I can bring such interesting post again for you.
FOREXCOM:XAUUSDLong
by Anatta0
AUDCAD Possible Bilateral Chart Pattern: Ascending TriangleThis type of triangle chart pattern occurs when there are a resistance level and a slope of higher lows. What happens during this time is that there is a certain level that the buyers cannot seem to exceed. However, they are gradually starting to push the price up as evidenced by the higher lows. If you think bulls can take the ball away up to the horizontal line (resistance of ascending triangle) winning against bear and if you sentimentally think buyers can further dominate over sellers and price for this major pair should have more room upward then this idea might be for you. Loonie is still in pressure no matter lately how it dragging dollar (king) lower after some fundamental reason behind the state huge moolah printing of $2 trillion sentiments shifted crazy but we clearly know still oil haven't shown any good result. I reckon sentiment wise Aussie standing at such a point where it may even drag lower greenback in future days more then loonie. Overall I mean Aussie may combat in intensive strength against loonie in the coming weeks or month which let me think about this trade plan assuming there could be a price action way up to that resistance line of ascending triangle at least.
Long
by Anatta0
3
BTC- Safe asset? The moment of reckoning! PA/OF analysistwitter.com All these talks about BTC being the safe asset during the economic turmoil and Financial crisis... It is now the perfect time for it to step up to the plate and rise to the occasion. Is it finally BTC's moment to shine? Let's take a quick look at what happened during the weekend. The fast and furious drop is the result of thin liquidity and IMO, a pure long liquidity grab move. The price did not get violently rejected at the 9.2k because of the extreme momentum, crazy volume, high volatility and overheated buying pressure. In other words, it was not a blown-off top resulting from the overbought status. The price reversed because the lack of short liquidity (Lack of buyers at 9.2k or weak buying power relative to the strong limit sell orders/walls at 9.2k). Therefore, I expect it to be the profit-taking move by whales and, whales are possibly building up more long position through split orders. Fear index is below 20 and the the last time it happened BTC rebounded from 6.5k. Fast and furious pullback with no bounce like this one BTC is currently experiencing cannot last long. I expect at least some relief rebound. If not, 7.2k here we come. Proceed with caution and focus on the HTF when the volatility is high. Please like and follow me if find my post helpful :)
BITSTAMP:BTCUSDLong
by Libratus
3
BTC- New trend in the development...? (sentiment, liquidity)BTC is off to the good start this year! Can it last though? I will spare you the head and shoulders bottom. Let's focus on the sentiment analysis because I think it provides important clues for the potential trend reversal. It is good that BTC broke out of the 6 months downward channel with above average volume on the daily timeframe and also managed to bursted through two resistance lvls in the process. Both are good indicators of potential trend reversal. This price move will be more convincing If the price can manage to close the daily above 8.2k to 8.3k On the fundamental side, Iran news and all-time high hashrate might have something to do with this price spike or it might be the pure technical move. It is still too early to rule out the possibility of liquidity raid even though I suspect most of the shorts at this lvl have been taken out already during last year's Oct price spike. Quick glance at the latest COT report about CME futures indicates that institutional players are still overwhelmingly net short, which indicates the ongoing distribution process. I am waiting for the Bitmex funding rate's green bar to go higher, which could signal the potential bullish sentiment. Backwardation suggests that investors still believe that BTC price will keep going down. Again, bummer here. That being said, it is worth noting that all these sentiment indicators are lagging so it is better to check them again next week if the price momentum continues. I will pay attention to the open interest and volatility and be wary of any big orders in the orderbook in the upcoming days. IF BTC can manage to attack 8.8k to 9.2k and consolidate around that price range, then the bull reversal might be on the horizon. If the price stalls around 8k, it could be a good time to buy on the pullback. Oh! Iran just fired missiles to US bases! If you buy into the notion that BTC is the digital gold and is uncorrelated to the stock market (we could use more evidence on the correlation), then that is one more reason to be bullish on BTC.
BITMEX:BTCUSD.P
by Libratus
2
EURUSD Bear going to catch and eat a Bull fish tonight..!!??We already know Brexit deal has somehow affected EURUSD upward bullish momentum which was good enough earlier days before the vote in the UK but not it's not the same as it was in back days. Talking about volatility EURUSD has an average of just 9.4 pip per hour comparing to GBPUSD it has around 26.6pips within an hour which is quite a great amount of volatility rather then EURUSD. Today but it's a special day for European currency as we all know there is rate decision which is yet to see. On the subject of ECB easing, we’ll actually hear straight from the central bankers themselves later on in the trading session. No actual interest rate changes are expected this time since the ECB already made its move in the September statement. However, today's manufacturing and services PMIs show poor outlook. This could tone down speculations that the ECB is bound to step up its easing efforts anytime soon. Also keep in mind that this will be the last ECB meeting for Mario Draghi, as he is due to step down from his post and turn over the position to Christine Lagarde. With that, most of the market focus could be on the presser that follows the announcement as Draghi would likely be quizzed on what he is foreseeing for future policy. Aside from that, Draghi might also be asked to share his thoughts on the dissent in the ECB, particularly when it came. This is only an idea, a fact but not a guarantee trade advice. If you think this idea gonna work somehow then better to check once by self and risk on your own pure judgment and not by just some random post which you read around. Not only mine but others post too. In the end, it's our money and our own decision so must be taken as reference purpose mostly! At end, I will like to say either this idea works fine or not it's not my priority for posting this idea but the aim of this post is to let all my fellow traders know what's coming next!! Be prepared and have safe trading ahead all. If you like this report give a thumps up as your support! ;)
Short
by Anatta0
4
Daily cloud resistance - most important obstetrical?After the last events which I myself didn't expect (Even though there were very strong signs for it from different directions, as well from traders I trust which put me in my place ^_^, as well from my own most valuable indicator that I love the most which I decided to ignore), and learned the mistakes.. we can continue and trade the pattern. * Overall lookup: 1. TA: - Movement averages - There are very strong PA bullish divergences (Especially if you look at MAs, EMAs, SMAs (Such as 12e and 33s) as most of them getting golden crosses which are V bullish) - Bullish. - Fib' level mid term: if we check since the begining of the current parabolic run, then we almost corrected to 0.5' levels, from my speculation we need to reset this parabolic run (just like we did on the last one) and to do so we need to fall to around 1'-0.7 fib' levels for a healthy bull run to happen, as this is just my speculation, then 0.5' fib' still might be enough, but from my side I really prefer to see another correction towards the 8.3 and even better towards the 4-7.2k... - Natural. - Fib' level short term: On this last rise and since we entered the parabolic run, both Fib's show that we have ways to go and correct now towards where their 0.6' fib level meet which is 9800-10050 levels - Temp' bearish (Correction) which from my perspective is a must if we want to continue this last bull rise. - Symmetrical triangle (Usually a continuation of any trend, but also a very strong reversal)- we broke it downwards, but lost momentum - thus this triangle was invalid (Some would argue that we didn't break it, as the floor is lower then what others see, but this changes from trader to trader and does not fit my own style) - Invalid. - Descending triangle (Usually a continuation of a bear market, but also a very strong reversal on bull market) - Until we won't break this triangle which I personally believe effects a lot of the market emotions (Yes retail sellers/buyers), I'm not convinced yet that we are on a bull market, some would say that other PA divergences have much more impact then patterns, but I must disagree as the market works with emotions, and patterns also change emotions) - Bearish. - Clouds short term - 1h we supressed, but I think if we are going to correct this move then we gonna enter into it and touch the bottom floor, which will lead us to touch above the 4h cloud - Temp' bearish (Correction), If we enter the 4h cloud, it will break the 1h cloud, which might turn the 4h cloud into a strong resistance again.. - Clouds Mid' term - we touched exactly the bottom of the daily cloud, this is the final step to supress the descending triangle, entering this cloud means we broke all obsticles, and if we create a bullish pattern above it means that we are finally confirmed to be in another bull run, I believe this will play out as a very strong resistance - Bearish. - Other oscillators and indicators: - Stoch and RSI - on short term (daily/4h) - they need to cool off, thus we gonna have this small correction... on mid term (weekly) - RSI look like needs a lot more to correct which the stoch looks like is ready for the bull run, as stoch is better then RSI from my perspective then to me it looks like - Bullish... on longer term if we check monthly, then both are at the top, but we also might not have enough data, and yet I do think that we should at-least have small correction to cool down, thus - Bearish. - Accum/Dist - I like to see this as indicator as confirmation for when there is uncertinty, when accumulation has too much distortion and a stop to bull run, then usually distribution taking effect just like we have seen on last parabolic run - Bearish. - MACD - looks to me very nutral on all the smaller TFs, but! the weekly shows that we might have a reversal - Bearish. - OBV - Although we confirmed the bullish movements for the 1h-4h (Every move up supressed the last low levels) we are still creating more lower lows on daily with still lots of room to drop, and also the buying power is still at zone levels that fit the 7400-8200 at 4h - Bearish. *** Some would say that most of the info here isn't relevant, but it fits my trading style, I might be wrong with my overview here but in the end we are all here in this space to learn and get better, if we enter a bull run by breaking the triangle, I will change my style as it will prove to me that my style isn't that good and that I need to change some perspective and give new priorities. but even if we break the triangle and go bullish, it doesn't matter if you know how to manage your portfolios well, and especially if you have at-least 2 different portfolios: 1. Long term investment portfolio - where you keep laddering BTCs as you don't care which price it is atm, because you directing it for 35-50k, and then 80-120k, and then even to 1m... 2. Trading portfolio - where you manage safe portfolio with tiny risks of 1-5% (Or better 1-3%), and stick to TPs, and have a plan to change your trading focus depending on the situation (such as breaking this triangle). 2. SA: - Also SA is greatly increasing (Due to the cumming Bakkt launch at 23/Sep, and also ETF decision on 29/Sep (Which if will be bad, then will bring a lot of bad sentimental with it) - very bullish. - We rose in fear/greed indicators from 5 to 28 and now 41, it means that we are very neutral now, we can go both ways - neutral. - The media is way too excited for me lately, I don't like it, usually when most of the media talks good it usually means you should sell, but as media is very manipulative for both directions, I prefer to stay: neutral. 3. FA: - Everyone knows how I talk about Fundamentals of BTC, it didn't change. Bitcoin technology isn't ready to bring mass adaption (even though news of institutions pushing it), LN was a failure (Amount of nodes dropping, and less activity in overall, still a shop owner can't use BTCs...), sure lots of institutions talk about aduption, and having many ideas, but these won't appear nor will make big effect this year and I think not even in next 2-3 years... not until BTC is matures in technology (In all: speed, amount of transactions, simplicity for the little poor shop owner)... - So some would ask me then if these fundamentals have bearish signs on BTC, well this is a big argument, I do think it has big impact against institutions and aduption, but Bitcoin is still both: 1. Medium of exchange - which is a very future like perspective, this might start really bringing mass adaption in between 5-10 years, but some say we won't even see that in our generation (Which I tend to agree with such speculation as well). 2. Store of value/scares - due to the upcoming halving, I do believe that we will see ATH next year (Can easily get to 25-50k), this will bring big excitement, and lots of 'wanabi rich' people will enter the field, BTC transactions will get again overloaded, and the correction (Or more like a bigger crush then the last parabolic run) will come right after.. but eventually BTC will always progress and always grow in price, I personally think that this year was good enough for BTC, but I also think that we are still in an 'echo bubble', I don't see ATH and I do see this correction towards the 4-8.2k before the next real parabolic bull run can begin again... I don't mind if I'm wrong on this speculation, I base it on a lot of variables as well, but if we break the triangle up and start the bull run already this year, I'll be more then happy as well... *** To conclude my overall thoughts: Short term (few days) we gonna have small correction to around 10050.. Mid term (14/Sep - 26/Oct) we are going to break this triangle up/down, if up then bull run returned, if down then it will take us long while to go back, but this is good for us! and the best from my perspective. Long term, keep investing in BTC, you won't regreat it ;), as I'm sure we will see 100k-1m one day ;).. Hope you had a nice (long) read, cheers. **************************************************************************************************************************************************************************************************************** * If you like what I do, and want to see more then don't forget to push that "follow" and "like". * Also if you want live time signals and learn with the community then you are more then welcome to join here: t.me * If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9 Cheers, love <3 Hedgehog King! ****************************************************************************************************************************************************************************************************************
BITMEX:BTCUSD.P
by Hedgehog_king
BTCUSD: exit longsI'm sitting out of trading at the moment but I am charting daily! as you can see we have CLEAR BEAR DIV. on our RSI indicating a pull back, also on the 4HR we can see negligible Shorts and Longs moving up through the roof. Price acction can not trend with sentiment over the long term, ie if LONGS are moving up price has to pull back... i would look to short this price on a smaller leverage and enter in higher leverage if price action begins to increase. If you aren't interested in SHORTING than this is a good oppurtunity to exit BTC back into USD in another stable coin of your preference!! I would be looking to TP and swing down for a re-entry! please stay vigilant! happy trading homies!! ** I am glued to charts everyday trading and if not trading charting for fun! i will update when i can and i will upload when i can. My account has had limited uploads over this BEAR period however my charting and attention to trades has been as high and as full time as ever!! DYOR.
BITFINEX:BTCUSDShort
by tradingtradefortading
3
Education post 24/100 – How to trade with Sentiment Analysis?Earlier, we said that price action should theoretically reflect all available market information. Unfortunately for us forex traders, it isn’t that simple. The forex markets do not simply reflect all of the information out there because traders will all just act the same way. Of course, that isn’t how things work. This is why sentiment analysis is important. Each trader has his or her own opinion of why the market is acting the way it does and whether to trade in the same direction of the market or against it. The market is just like Facebook – it’s a complex network made up of individuals who want to spam our news feeds. Kidding aside, the market basically represents what all traders – you, Warren Buffet or Celine from the donut shop – feel about the market. Each trader’s thoughts and opinions, which are expressed through whatever position they take, helps form the overall sentiment of the market regardless of what information is out there. The problem is that as retail traders, no matter how strongly you feel about a certain trade, you can’t move the forex markets in your favor. Even if you truly believe that the dollar is going to go up, but everyone else is bearish on it, there’s nothing much you can do about it (unless you’re one of the GSs – George Soros or Goldman Sachs!). As a trader, you have to take all this into consideration. You need to perform sentiment analysis. It’s up to you to gauge how the market is feeling, whether it is bullish or bearish. Then you have to decide how you want to incorporate your perception of market sentiment into your trading strategy. If you choose to simply ignore market sentiment, that’s your choice. But hey, we’re telling you now, it’s your loss! Being able to gauge market sentiment aka sentiment analysis can be an important tool in your toolbox. Later on in school, we’ll teach you how to analyze currency market sentiment and use it to your advantage, like Jedi mind tricks.
Education
by GroundStoneHoldings