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BTC Weekly: Long-Term Bullish Shark Harmonic?Lets take a look at the BTC weekly chart technicals: RSI is at major lows Repeated testing of 17k support Signs reversal on the MACD+Stoch indicators Increased buy volume on BTC/USDT for KuCoin and Binance For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with other support lines at 17k and 10k. We could see a breakout from the large, declining triangle pattern which I believe is a Bullish Shark Harmonic Pattern . If it proves a valid reversal indicator we could see a good rally from around $12k - $13k. This is my observational opinion. Alternatively, we could see it test the 10k mark support line below the triangle before a confident reversal signal! I believe this is a more bearish view, but possible. If we look at market cap indicators, TOTAL, TOTAL1 and TOTAL2, we can see buying volume is higher for BTC relative to altcoints, indicating a possible influx to the largest cap currencies such as ETH, XRP, ATOM, HBAR, etc. Is This a DCA Oppertunity? My TL;DR opinion? Neutral-bearish on the short-term, bullish on the long term. Cautiously engaging with solid DCA strategies from these prices. If we take a look at the wider economy and political climate, there is a tremendous amount of uncertainty surround FIAT after the dollar’s overwhelming rally against the Euro, GBP, and JPY! Gold lost a key support level at $1,700, and major indicies such as NASDAQ are still underperforming. Whilst crypto is classed as a high-risk asset, some investors are noticing this moment of stability compared to the rest of the global market. It is impossible to make a perfect prediction and we could absolutely see some Lower Lows on crypto before a relief rally. Silver is a commodity on the radar that could be showing signs of a major upswing, although I have yet to do a confident analysis on it. With all that said I would personally be comfortable DCAing into crypto from here over time, with the expectation of another respectable dip before a full reversal🙏 Note: Nothing posted constitutes as financial advice, or any form of advice, and is designed to inform and educate!
Long
by Arkayana
2
CADJPY sell Short term Hi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bias is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not a lot of correlations but i can see similar patterns across board with the exception of UJ and GJ. Entry and sl marked. Like follow and share. many thanks
Short
by creamygem
ChFJPY Sell short termHi All, following on from our last analysis on this pair, we can see price now forming a rising wedge and we have now completed a LH on D1, our bais is still bearish with caution as JPY fundamentally is not in the right path!. With that been said we are looking at buy JPYs in the short term which means we will be bearish other currencies against the JPYs. There's not alot of correlations but i can see smiliar patterns across board with the exception of UJ and GJ. Entry and sl marked. Like follow and share. many thanks
Short
by creamygem
Gold analysis of Nov 2022 TF Week (short- to long-term)Gold made the triple bottom at 1618 in the past two months. Recently, the price has reverse to 1772 as the negative CPI data and the inflation rate is lower than expected. This price action confirms the end of Wave C. Short-term analysis After the gold price has a sharp rally over 100 usd in last week, it is expected to have correction next week from 1772 (wave 1 green), but still in an uptrend. However, it should not drop below 1680 (wave 2 green). Tradi ng strategy: Sell 1772-1802 TP 1766/1758/1747 SL set according to your margin (probably hit 1806) Medium-term analysis It is necessary to wait for a confirmation signal from a pullback to wave 2 green, which should not fall below 1680 (wave 2 green). Then, it would be great chance to open long/buy positions. In contrast, if gold has pullback lower than 1680, it has a chance of a bearish reversal, which means that this strong rebound (at 1772) is just a market correction. It may result in the price of gold continuing to decline in the long term (red wave) Long-term analysis 1st scenario, if gold keep it rising trend, the price action can made a new high (> 2070) following to green wave (5) 2nd scenario, if gold reverses to a downtrend, we might see great drop to 1302 following to red wave (5). Regard to the "Gold price prediction chart pattern" my long term analyzed on March 30, 2022 (see more detail in attached link).
BLACKBULL:XAUUSD
by ThiMars
5
BULLISH into BEARISH ScenarioTSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting) I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off Technical Bullish Patterns: 15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out) Daily: H&S Pattern measured move to 175-181 (close below ) Technical Bearishness: 1 hr - Bearish Divergence on RSI, MACD, STOCH 200 WMA: 167 currently oversold on BB bands Bearish Catalysts: -1/27 PCE Prices higher than expected -1/31 employment cost index higher than expected -1/31 Bad Tech earnings -2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
NASDAQ:TSLA
by Black_Sheep1
1
XAU/USD Nice move from market Bias today is down - I prefer to Short more than Long Plan 1: Sellers continue breaking by Strong Buyers Zone and price move down to 1912 Plan 2: Price is protected by Strong Buyers Zone and price increase to 1927, which has big volume from Sellers. I think we will see a litigation for this area but Sellers will take advantages and Price move down to 1912 Plan 3, just my vision. Price breaks and move above the yellow circle then we can take risk a Long trade to zone 1930 or 1940 These are my plans but it still a possibility :) Have a good day guys! Ray
OANDA:XAUUSD
by TraderBBBBB
6
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving in a triangle and is getting closer to leaving it. Let's start with the support line and as you can see the first support in the near future is $1562, if the support is broken then the next support is $1542, $1515 and $1480. Now let's move to the resistance line, as you can see the first resistance is $1583, if you manage to break it, the next resistance will be $1600, $1615 and $1630. Looking at the CHOP indicator, we see that there is some energy left for further movement, the MACD indicates entering a local downtrend, while the RSI shows a rebound and a downtrend.
by cryptodailyuk
P2P | DXY - Market PredictionAlright my fellow traders and tradettes! This is my first market prediction (really more of an analysis) on what I potentially see coming from DXY. Now as we can see it has broken below my channel so that indicates 2 things to me: 1. Selling pressure = bad economy, bad fundamental news, etc. or 2. Selling off to buy wayyyyy up! Reason why? Well where price is currently sitting, its forming a Dojo candle. (Doji = indecision, usually a direction change on higher timeframes) The sky blue box near current price represents a 2nd form of head-and-shoulders pattern, where we could see a push up to sell off even more (yes, double shoulders baby!) If you notice where I have my TP level set, its actually the 50% of a FVG (fair value gap) that was merely filled when DXY began the rally up. So what does the lil emoji dude have to do with this mark up? LOL Well he's actually indicating an intermediate high that I wouldn't be surprised to see price come back to visit! Plus I tapped into FF (Forex Factory) and didn't see any news for USD until February so I feel that could assist the rise of DXY to build up for the fall... But again ladies and gents this is just a higher timeframe mark up, I am not expert. Just another young student in this market ocean with a harpoon looking to catch a Megalodon! So all in all my bias on DXY: SHORT-TERM BULLISH / OVERALL BEARISH And with that being said happy trading, trade well, and lets run it up from 2023 til infinity! If you got some value out of this mark up please share it, boost it to your trading pals, and help grow the channel. DISCLAIMER: ***This page is for educational purposes only and is not intended for any financial advise. I am not a financial advisor nor do I manage any other accounts for our users. Any trades you take will be of your own doing and P2P will not be held responsible.***
TVC:DXY
by Pips2Porsches
1
Short Update ETH/USDT 4H INTERVALWelcome to ETH Updates. As we can see on the four-hour time frame, the price is moving above the local uptrend line. Please see that price has moved up from the resistance at 0.786 FIB, when it positively tests this area, we could see another upward move to the resistance at $1353. At this point, however, it is worth looking at the CHOP index, where we see depleted energy, while the RSI is very high, which may indicate a healthy price correction, to the levels of $1286, $1260 and even $1239.
by cryptodailyuk
3
KCS - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart KCS is overall bearish trading inside our brown wedge pattern and it is currently approaching the lower brown trendline. Moreover, KCS is still sitting around a strong support zone and round number 5.0 so we will be looking for buy setups on lower timeframes. As per my trading style: I will be looking for reversal setups (like a double bottom pattern, trendline break , and so on...) Unless the 5.0 support is broken, then a movement till the 2.5 support would be expected where we will be looking for new buy setups. on H4: Right Chart For now, for the bulls to take over from a short-term perspective, we need a break above the last major high in orange. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4