20 reason for sell EURUSD Update 28/08/2022
1 Structure 1+2 : bearish
2 imbalances /OB: targeted
3 Current Move 1+2: impulse
4 Entry TF : D1
4.1 ETF Structure: bearish
4.2 move : Correction
5 Support Resistance: Resistance on imbalance
6 FIB: last move 100% filled
7 candle Pattern: multiple wicks bearish (Advance )
8 Chart Pattern: Double bottom Breakout (Advance)
9 Volume : Above Average (VAS)
10 Momentum: bearish (RSI UNCONVENTIONAL)
11 Volatility : Diverged Bollinger band by (john Bollinger)
12 strength: bearish (ADX Advance)
13 Sentiment : weakest according ROC Currency strength
14 Final conclusion: sell with single confirmation
15 Buy /Sell/Wait : sell
16 Entry:0.9950
17 Sl: 1.0083
18 Tp: 0.9763
19 Risk to reward Ratio: 1:4
Excepted Duration : 15
Technical
SPX 500 New Week Possible MovementS & P - 500 Index Technical Analysis Chart Update
Time Frame - H4
According to the Long Time Frame #LTF we have EXPANDING DIAGONAL and it's Rejecting from the Upper Trend Line #UTL
Another Thing we have ELLIOT WAVES in Long Time Frame #LTF it has created the " 4th " Impulse wave and now it will follow its " 5th " wave to complete the Impulsive waves
In Short Time Frame #STF we have BULLISH CHANNEL and it has break out the Lower Trend Line #LTL need to wait for retest to enter in Sell
BTC AN OVERVIEW TO ELIMINATE CONFUSION BINANCE:BTCUSDT
well I have seen a lot of analysis. they are not satisfying me at all. it's just creating more and more confusion.
we might have bottomed out already. so this price is actually good for long term holders. it's golden chance for anyone who wants to hold bitcoin for long time. even if we go below 15k it won't last long. because so many whales / big players are really looking for those cheap price to get into the market.
if we get another crash like we did in covid we might see a huge spike to 13-14k. (now probably due to recession and high leverage players)
but if you're accumulating bitcoin for long term like 1.5 years or so you're in good position.
take a look at the following chart we are seeing similarities between 2019 bottom and 2022 bottom. also rsi looking very similar (btw i am using heikin ashi to eliminate the noise to get cleaner chart )
i am mega bullish on bitcoin. but keep in might we won't make new ATH anytime soon at least for 2 years.
USD/CAD bullish bias still remain strong...We took a small break from posting our trading analysis but we are back to share some more of our trading ideas.
USD/CAD here is still looking very strong with the potential to break out into new monthly highs. 1.3200 is a possibility heading into next month. 1.3400 would be a long term profit taking zone.
Always follow your trading plan regarding entry, risk management, and trade management. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CRVUSDTPERPHello my dear friends
In the lower time frames, we do not have a signal to continue the upward trend, on the other hand, we have the negative divergence of the RSI.
We have reached an important range, there is even a possibility of consuming all the orders in this range. But the probability of entering the $1.62 zone!?!?! I do not think ....
If the current trend falls below the price range of $1.126, the possibility of a decrease to the range of $0.981 and $0.697 is high.
Don't forget, the bullish channel was maintained on the higher time frames.
As a result, the blue zone ($0.697) and the yellow zone ($0.648) are very important for us.
We would be happy to hear your comments
MATICUSDTHello my dear friends
Previously, we had a shopping analysis together and according to the analysis, we also ate Target (;
As soon as we reach the target range, we updated an analysis on the previous analysis, which we expect to form a corrective trend.
Our correction process is not yet complete.
If the range of $0.8891 is completely consumed, we expect a reaction in the range of $1.0032. It seems that we can make a good profit by observing the specified loss limit.
We would be happy to hear your comments.
DOLLAR CURRENCY INDEXThe DXY (Dollar currency index recently reached its recent major supply zone (resistance).
Currently ranging within the zone, many traders have had much anticipation for its drop in previous minor zones.
This may be the right time for that pull back.
If the pullback does come, the weakness in the dollar will see USDXXX pairs tank and XXXUSD pairs push up.
Fingers crossed for GBPUSD
BABA: DO I STILL BILIEVE IN BABA..... CAN THIS MAKE IT TO 100'S?Ticker Symbol: BABA
️Timeframe: 4HR
️BREAK OF TREND (STILL WAITNG FOR GREEN LINE CONFIRMATION)
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
MONEY MOVEMENT SHIFTING UP AND GREEN RED DOT: BULLISH
ONCE THE TREND IS BROKEN, WE COULD SEE THIS MOVING HIGHER TO 100 LEVELS.
NOTE: KEEP IN MIND, MARKET IS IN SELL-OFF MODE.
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⚡️TETHER/DOMINANCE 4HR UPDATE⚡️Hello, traders welcome you all to another chart update on USDT DOMINANCE.
If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful.
As we can see the above-mentioned that USDT dominance currently trading below the resistance level of the parallel channel and the green resistance level after a continuous sharp gain of 15%.
Here USDT dominance needs a rejection from bulls' point of view to bring some green relief to bulls.
The break above will be more unsatisfactory for bulls at this stage.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
NZD/CAD Next Possible MoveNZD / CAD ( New Zealand Dollar / Canadian Dollar ) Technical Analysis Chart Update
Time Frame - H4
According to the Long Time Frame #LTF
Daily - It is in Bearish Channel Pattern and in Corrective Pattern it will Follow Sell Till its Lower Trend Line #LTL
H-4 - It is Following Bullish Channel and Completed the Breakout and Retest and Started Rejecting with Strong Bearish Price Action
According to the Short Time Frame #STF
It has break the Demand zone and completed its Break of Structure Retracement
USD / JPY Next Possible MovementUSD / JPY ( U.S Dollar / Japanese Yen ) Technical Analysis Chart Update
Time Frame - H4
According to Pattern it is Following #Bullish_Channel and rejecting from the Upper Trend Line #UTL
In Long Time Frame #LTF we have Impulse correction and it has completed the Corrective " ABC " waves now it follow sell Trend to complete its Impulsive waves Again
It is Rejecting from the Previous Resistance Level and Fibonacci Level - 78.60%
CHF/JPY Next Possible MovementCHF / JPY ( Swiss Franc / Japanese Yen ) Technical Analysis Chart Update
Time Frame - H2
According to the Long Time Frame #LTF it is following the Expanding Diagonal and It has #Breakout the Upper Trend Line #UTL and Retested
In #LTF it is also following the Impulse Correction Impulse as well as in Short Time Frame #STF it has completed its " ABC " corrective wave and Following Impulsive Wave
In Short Time Frame #STF it is Following Bullish Channel it is possible that it will Reject from the Upper Trend Line #UTL and Daily Resistance Level and then Follow Sell Trend according to this Pattern
Buy After it breaks the Daily Resistance Level and Retest
Sell After Strong Bearish Price Action
🤖 #BTCLIVE - 21.08 - #IDEA 🤖🤖 #BTCLIVE - 21.08 - #IDEA 🤖
Snapshot:
Short-Term
60:40- Bullish:Bearish
Long-Term
80:20 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Breaking up out of this ascending wedge is key - a good confirmation for this would be breaking above $21.7k with volume or a confirmed retest. The next target puts $22.4k on the board. This would be quite a bullish sentiment overall - the key focus here is to stay within the macro channel as breaking down will cause a big drop. Ultimately we will likely see alot of consolidation and ranging around the mid channel here at a round $22.8k region.
Bearish Scenario:
Breaking down on the ascending wedge will be quite a bearish sentiment - at a about $21.2k this will be breaking down on the ascendign wedge and back out of the macro channel. Likely retest of $20.7k and breaking that will take us to $20k. I am slightly more in favour of this scenario
Bullish Factors:
+ Break back into the macro channel above $21.1k
+ Strong Double Bottom
+ Higher Highs and Lows
+ Flipped 20 and 50 EMA
+ Broken Local resistance at $21.4k
+ Very Bullish Weekly Pivot
+ Active Addresses turned positive
+ Transactions turned bullish
Bearish Factors:
- Forming Ascending Wedge Short-Term
- Bearish Daily POC forming
- RSI is nearly at overbought
- Bearish Candle
- Transfer Volume turned negative
Key News:
Bull:
+ A new UK Bill can bring crypto into the scope of local payment regulation
Bear:
- Bored Apes Approaching Mass Liquidation On BendDAO, Can This Crash Entire NFT Market?
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
- Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
Moderately selling
Last Value:
-0.76351231
24H%:
-385%
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
Moderate revenue
Last Value:
0.5230772
24H%:
-19%
On-Chain
+ aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom.
+ Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins
- Net Unrealized Profit and Loss (NUPL) -Investors are in a Capitulation phase where they are currently facing unrealized losses. It indicates the decreasing motive to realize loss which leads to a decrease in sell pressure.
- Transfer Volume - The total number of coins transferred has decreased by -73.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 23.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 14.00% compared to yesterday.
Sentiment
+ Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase.
- Korea Premium -Korean retail investors' buying pressure is relatively strong.
- Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment.
Derivatives
- Funding Rate - Short position traders are dominant and are willing to pay long traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers.
- Liquidation - 11133298.76 of long positions were liquidated in the last 24 hours.
/ Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend
Last Value:
8,545,444,735.4
24H%:
+2%
7D%:
-9%
Fear & Greed Index - Aug 21, 2022:
Today: 27 (Fear)
Yesterday: 29 (Fear)
Avg. 1W: 36 😣
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 27 😱
Avg. 3M: 22 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $21,169
24h Low: $20,849
24h High: $21,354
MC Change: $4.1B (1.0%)
Dominance: 38.5%
24h: 1.5%
7d: -13.3%
14d: -8.9%
30d: -9.2%
60d: 2.6%
200d: -45.1%
1y: -54.7%
@FearGreedIndex
USOil < USD ? In fact, that view is one I'd rather favor on my latest crude oil idea.
For whatever reasons?
Very easily:
- Especially since it has been empirically proven in the past that when the USD strengthens, resource and crude oil prices weaken.
- an effect which has not yet occurred due to the Ukraine purchase shock and the inflationary pressure.
Consolidation has so far only taken place on a small scale. So the question is, since the strengthening of the USD has already started, will the real effect still happen?
Or will it happen that inflationary pressure and a low supply will allow oil prices to continue to rise?
I am excited !
What is your opinion ?
GBP USD BUY (LONG) ANALYSIS strong support on daily time frame and four hour where we expect to see a bounce off that level .
we already see a reaction if you drop to a 5 min time frame with higher highs being broken which is a sign that price wants to go up .
I advice to enter on a 15 min timeframe order block after the last lower high is broken .
if you have loved my analysis please leave a comment . thanks