UMAUSD Final Target $28 - Technical Analysis - Patterns - LevelsIn this video:
5 minute charting analysis
Triangle(s) spotted
Reverse Head and Shoulders Pattern
Areas of resistance
Targets and final target of $28
Technical-analysis
MRNA, Aaron Rodgers, The Packers, Vaccination, and TA Oh My!In this video:
We discuss current Moderna sentiment
Aaron Rodgers being un-vaccinated
The use of additional tools to measure market sentiment
Google Trends as a Lagging Inverse Correlation Indicator
Go Pack Go!
Link to Pat McAfee Show:
youtu.be
Realistic path to 100k BTC From a fundamental standpoint, typically when there is a negative correlation between funding rates and price action the price continues in it direction until funding resets. Currently on the most recent dip from 63k funding has been on a general uptrend. This suggests that we are likely to head lower before getting a significant bounce. Leverage needs to be flushed out and BTC needs to dip in order to grab liquidity and head much higher.
Technically speaking, price action has been traveling in a tightening range forming a symmetrical wedge. Depending on how the support/resistance lines are drawn some may say price has already broken down; however recent price action has carried no volume nor significant volatility so this suggests a high probability of still being within the pattern. This wedge has targets of either 75k or 48k depending on the breakout direction. Symmetrical wedges are considered continuation patterns so the likelihood of breaking up is higher, but taking into account the high amounts of leverage and general lack of interest in the market currently, I believe a fakeout to the downside will occur before an upwards breakout. Based off of the Volume Per Volume Range (VPVR) significant support lies between 56k-58k and this is where we likely get a massive bounce.
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Market Sentiment Divergence Between The Feds and ECBDuring the FOMC press statement, there is an irrational reaction from the market. The market anticipated $10 billion reduction in bond purchases and the actual figure came out $15 billion. Even though the fundamentals supported the EURUSD bears, the market shot up. However, after the market calms down, the direction was as anticipated.
| EURUSD | Little Scalp | CatchBlueFX |Hello,
This is little scalp for today on EURUSD
Let me know what you think
GBPJPY H8 - Short SteupGBPJPY H8 - Short Setup
We bounced as much as 1.5R this morning, but as mentioned in the technical rundown, we are starting to lose bullish momentum. Each time we pull to support (seller control), buyers can't seem to bounce any higher.
Typically signals a possible bear break in the pipeline, very similar to what we have marked on BTC.
Our confirmation is a break and retest of support, confirmed seller break and market relief for short entries down to 153.
Bearish divergence on Uranium #URALooks like a bearish divergence forming for Uruanium. This is my exit point for now on an option trade I have open on URA...
$ONE CUP HANDLE BREAKOUT? WHATS NEXT?Harmony one has formed a cup handle on the 4hr time chart, I believe this will do a 40%+ run in the coming days. I have drawn on 4 targets (Trend based fib extension) on what to watch.
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 *UPDATED*Please zoom out to see my chart fully.
Highly likely reversal on USD/CAD.
This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE.
We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low.
However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes.
DISCLAIMER: DO NOT TRADE THIS IDEA. IT IT NOT 100% GUARANTEED TO WIN AND YOU MAY LOSE MONEY. TRADING INVOLVES RISK.
USDCAD RSI DIVERGENCE + FALLING WEDGE REVERSAL - H4 Please zoom out to see my chart fully.
Highly likely reversal on USD/CAD.
This is because we can see RSI oversold divergence on the H4 chart at a key level of daily support (the black line). Price makes a lower low to the key daily support line (the black line), whilst the RSI makes a higher high, a new swing high on the RSI when the price has in fact made a new swing low - DIVERGENCE.
We also have a lovely double top pattern on the H4 chart at daily support (which is again the black line) that has failed to make a lower low.
However before I enter this trade, I want to see a H4 candle close its body above the trend line to signify a trend line break. Then I will look for long (BUY( trades on intraday timeframes.
Euro Turned Impulsive!!the Euro Pair has proven that the last move up was not corrective however impulsive, that means any pullback towards 1.1590/1.1580 we will be looking to long the pair.
lets not mention that the dollar index is falling and retreating from highs against most of the foreign currencies.
BTC and My Prediction If BTC stay Here for some time that's will be very good For alts...
BTC Still under ATH resistance.
If pullback happen, It is opportunity for buying.
LINK try to breakout and will pump to $40#CHAINLINK is going to breakout its static and dynamic resistance in the area of 28 bucks
If #LINK breakout, it will be pumped to $ 31-36 and $ 40
Otherwise, after a retest in the 25 to 23 support zone, it can follow the targets.
GBPUSD DAY TRADING STRATEGY: SHORT GBPUSDThis is short trade on the GBPUSD based on my day trading strategy. This is A trend continuation daily pattern. The Market currently at a resistant structure on the H4 and D1 and therefore, i expect a reversal soon.
STRIKE THE GOLD WHILE ITS STILL HOTThe 4hour chart shows a clear downtrend with multiple good sell setups done and dusted. Expecting more further downwards movement targeting the zones around 1722. Use proper risk management and have a stop loss that you're comfortable with. Have a blue pipsful weekend!
$AAPL BULL TRAP?!We saw $AAPL consolidate around the $140 mark with some average volume and then run up this past Thursday to $143. But on Friday, we saw it pull back a bit from the initial run during the early opening hours.
Volume: The run-up on Thursday was not supported by volume. This makes me believe it may be a bull trap and if I had to bet on it I could see $AAPL pull back this coming week. I still largely believe that $AAPL will pull back to the $135 support; the 200 EMA also coming in as support at that level. The SPX had the same run-up with below-average volume.
Overall Sentiment: The markets have been choppy with traders unable to decide whether the Jobs Report was a good sign for the market or not. Obviously, with lower-than-predicted numbers, we would usually see this as a bad sign. But many are watching it to gauge when the Fed will begin its tapering.
Let me know what you think.
$130 entry on solanaall the L1's look heavy, complacency bounce on SOL pretty clear, hoping for $130 entry
EURUSD Head & Shoulders? 01.10.2021If we use the Daily chart to look at the technicals regarding EURUSD we see that there is a clear Head and shoulders pattern that might explain the persistence of the EURUSD to drop.
Ofcourse fundamentals are in place too but the technicians and especially the professional ones are looking at the market from a broad view.
The next stop should be way down at 1.15 but it might take days or even weeks to see that coming.
TRX is on it's supportHello my friends,
Tron is one of pioneer projects in crypto world. It is more potential to take good dominance of market in near future.
In this chart I drove support and resistance lines to show best places to buy and sell. Even I prefer to hold TRX for future.
Please follow me and like the idea if you think it's worth it.
