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
Technical
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.
Follow for daily stock, crypto and forex technical analysis.
Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
⚡️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
🤖 #BTCLIVE - 19.08 - #IDEA 🤖🤖 #BTCLIVE - 19.08 - #IDEA 🤖
Snapshot:
Short-Term
40:60- Bullish:Bearish
Long-Term
70:30 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
We are now at the macro channel bottom - which was always a realistic scenario - from here I we can hold and start to range/consolidate to build for a move up there the major resistance to break is $22.6k - ideally we need to hold above $21.1k to give a higher chance at a bullish move
Bearish Scenario:
Losing $21.1k will drop out of this macro bear flag and we will highly likely see $20k and potentially lower to $18k. There is a chance of breaking down and consolidating at $20k where alot of whales will start accumulating the $20k support is big so it might hold, be wary of shorting too much now.
Bullish Factors:
+ Trading at the bottom of macro channel now
+ approaching $20k psychological support
- Heavily oversold on 1 hour and approaching oversold on daily
Bearish Factors:
- Exchange Netflow Total turned negative
- Net Unrealized Profit and Loss (NUPL) turned to Capitulation phase
- Lost 3 key supports
- Trading under all EMAS and DEMAs
- Short trend signal printed now
- DXY is pumping hard
- Fully printed mcfly on the weekly
- Broke down on Pennant
Key News:
Bull:
+ Lol
Bear:
- JUST IN: FDIC sent a cease-and-desist letter to FTX US, alleging it misleads investors over deposit insurance.
- US lawmakers eye environmental impact of crypto mining
www.theblock.co
- CZ FUD "They want to buy cheap"
- #Crypto lender Hodlnaut lays off 80% of its staff and reveals they're under investigation by the Singapore police.
- Japan's largest online brokerage will shut its #crypto-mining operations in Russia.
Metrics:
- HUSD depegs
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.
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
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 increased by 154.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 55.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 67.00% 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 - 91108940.60 of short 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:
8,495,455,849.56
24H%:
-10%
7D%:
-9%
Assign your Max Active Deals based on the 7 Day Fear & Greed Average Accordingly.
F&G Filter:
0 - 20 - 100% Max Active Deals
20 - 40 - 80% Max Active Deals
40 - 60 - 60% Max Active Deals
60 - 80 - 40% Max Active Deals
80 - 100 - 20% Max Active Deals
Fear & Greed Index - Aug 19, 2022:
Today: 33 (Fear)
Yesterday: 30 (Fear)
Avg. 1W: 41 😕
Avg. 2W: 38 😣
Avg. 1M: 35 😣
Avg. 2M: 26 😱
Avg. 3M: 21 😱
Avg. 6M: 25 😱
Avg. 1Y: 35 😣
🔸 #Bitcoin
Price: $23,247
24h Low: $23,134
24h High: $23,591
MC Change: -$2.2B (-0.5%)
Dominance: 38.5%
24h: -0.5%
7d: -2.9%
14d: 1.7%
30d: 3.8%
60d: 22.0%
200d: -39.2%
1y: -47.8%
Sell IdeaHello traders, in today's trading session my team and I are monitoring GBPJPY for a selling opportunity below the 160.604 price level, once we get a bearish breach the pending order will be activated.
Pip Regards, DayBot6.
PS: Kindly COMMENT on what you think of this idea. Also LIKE, if you do.
Testing TimeS&P500 has moved to the upper pink zone. Will it show the strength to move beyond this region and head for an ATH?
The broad pink zone is an area of support and resistance where prices have previously moved indecisively i.e. lack of clear direction/whipsaw.
This could be the last chance for Bears to stop the Bulls from re-claiming a new ATH!
🤖 #BTCLIVE - 15.08 - #IDEA 🤖🤖 #BTCLIVE - 15.08 - #IDEA 🤖
Snapshot:
Short-Term
30:70- Bullish:Bearish
Long-Term
50:50 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Alot of bearish sentiment, mainly short term would suggest a move down to $23.6k especially with the 3rd rejection from $25k andsell orders coming in - there could be a strong rally at this position to fend off breaking down on the ascending wedge which would likely drive price for another test of $25k this would be incredibly bullish and somewhat of a make or break push. A break and hold above $25k puts $27k and $30k as realistic targets.
Bearish Scenario:
Short term movement down to $23.6k is likely for the local support although there could be a lot of defense at this position a breakdown and confirmed retest can see price sing quite quickly to $22.6k where the next strongest zone of support lies, max pain in the move can still push us down to $20k region which is where the bottom of this long term channel/range lies.
Bullish Factors:
+ Weekly Pivot already filled
+ 200EMA is supporting
+20 & 50 DEMA doming to support at the key trendline support
+ Transfer Volume turned positive
+ Active Addresses turned positive
Bearish Factors:
- Bearish Divergence on the 5min
- Bearish divergence on the 4hr
- Bearish Divergence on the 1hr
- Restesting resistance
- Strong Sell Orders
- Broken through 20 and 50 EMA
- Hard rejection from 25k for 3rd time
- Exchange Netflow Total turned negative
- Liquidation turned negative
Key News:
Bull:
+ ETH Merge causing bullish sentiment market wide
+ 💥Revolut gets approval to offer #Bitcoin and crypto in the European Economic Area.
+ Judge grants Ripple’s request to review videos of SEC officials (cryptopanic.com)
+#Crypto exchange Gate.io has been granted a virtual asset custodial services license in Hong Kong.
+ Europe’s largest independent tyre re-treader, Vaculug, will accept #Bitcoin for payment!
Bear:
- $ETH: The “Merge” Protocol Upgrade Will Not Lower Ethereum’s Gas Fees
- Hackers printed 1.2 billion $AUSD on the Acala Network through an exploit.
- Brazilian #crypto lending platform BlueBenx halts withdrawals following a $32 million hack.
Metrics:
Exchange
- Exchange Reserve - As the exchange reserve continues to rise, it indicates higher 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.
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
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 Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has decreased by 31.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has decreased by 13 .00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 26.00% 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 - Long position traders are dominant and are willing to pay to short traders.
+ Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ 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: 9,142,523,051.97 24H%: -8% 7D%: -9%
- Liquidation - 42921463.65 of short positions were liquidated in the last 24 hours.
🤖 #BTCLIVE - 13.08 - #IDEA 🤖🤖 #BTCLIVE - 13.08 - #IDEA 🤖
Snapshot:
Short-Term
40:60- Bullish:Bearish
Long-Term
60:40 - Bullish:Bearish
Technical Analysis:
Bullish Scenario:
Defending against this double top and holding above ideally $24k.1 but mainly $23.6k to not confirm this double top would be the most bullish play we can hope for - this would likely require alot of volume to come in and would create quite a high bullish conviction given alot of the bearish markers. Immediate targets in this case would be $25k and then $27k - although don't be too fooled by the short term bearish sentiment a break out here could be absolutely massive with a realistic $30k on the cards.
Bearish Scenario:
A slightly more favourable outcome atm, given that we are filling out a double top pattern quite nicely along with a confirmed bearish divergence perfectly on the 2nd top. immediate target if we break down on $24k will be the key support at $23.6k, then $23.1k and then $22.6k - this could quite easily continue down.
Bullish Factors:
+ 20, 50 DEMA in close proximity for support
+ Holding key support and $24k support holding
+ On 50 EMA and HMA and support
+ Bullish CME Gap closing in
+ Exchange Reserve turned positive
+ Transfer Volume turned positive
+ Active Addresses turned positive
+ Relatively minimal FUD
Bearish Factors:
- Poor weekend volume
- Double Top pattern in play
- Bearish Divergence confirmed
- Strong upper resistance
- $25k resistance
- RSi Pullback Signal
- Bearish POC & Future Weekly Pivot forming
- aSOPR turned negative
- Taker Buy Sell Ratio turned negative
Key News:
Bull:
+ ETH Merge causing bullish sentiment market wide
+ "We are fully ready to regulate cryptocurrencies, says CFTC Chairman" t.co
+ 💥NEW: Union Bank of the Philippines to enable users buy #Bitcoin and crypto from its app!
Bear:
- SEC going after hedge funds for crypto
- France inflation reaches 6.1%, the highest it’s seen in 37 years.
- Spain inflation reaches 10.8%, the highest it’s seen in 38 years.
Metrics:
Exchange
+ Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure.
+ Exchange Netflow Total - Net deposits on exchanges are low compared to the 7-day average. Lower deposits can be interpreted as lower selling pressure.
Miners
/ Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average.
/ Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average.
On-Chain
- aSOPR - More investors are selling at a profit. In the middle of a bull market, it can indicate a market top.
+ 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 Fear phase where they are currently with unrealized profits that are slightly more than losses.
+ Transfer Volume - The total number of coins transferred has increased by 14.00% compared to yesterday.
+ Active Addresses - The total number of active wallets used to send and receive coins has increased by 22.00% compared to yesterday.
+ Transactions - The total number of transactions has increased by 4.00% 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 - Long position traders are dominant and are willing to pay to short traders.
- Taker Buy Sell Ratio - Selling sentiment is dominent in the derivatives market. More sell orders are filled by takers.
/ 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.
+ Liquidation - 65354916.17 of short positions were liquidated in the last 24 hours.
GBP USD BUY (LONG) ANALYSIS After seeing an impulsive move taking out equal lows on a 4hr time frame .
Thus forming a demand order block
i see liquidity below that can be taken out into the order block that i have refined to the 15 min timeframe.
Please if you find my analysis useful please leave a comment .
USD CAD SELL (SHORT) ANALSIS Hello traders this is my analysis on usd cad
we see they have taken out trendline liquidity with an impulsive move creating a fresh supply zone
I did my analysis on a 4 hr time frame but have refined it to a 15 min time frame
Once price reaches our supply zone , enter after seeing change of character (choch) on a smaller timeframe like 1 min or 5 min .
if this analysis has been useful please leave a comment