Trade Idea: CVSCVS is completely oversold and into massive support.
Will see see a technical bounce in the near term?
The previous breakout zone is approaching.
Technicals
BITCOIN What Will Happen Next? Analysis!
Hello,Traders!
BITCOIN did not yet manage
To break the key decisive level
And I think that before the
FED's first rate cut we will
See BTC consolidating
Between the two levels
But after the breakout
And 1W candle closing
Above the level we will be
Able to say that BTC will
Go higher and sky is the limit
Before that and before the
FED acts, I am inclined to
Expect consolidation
Analysis!
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P2P | DXY - Long Term AnalysisGreetings to all who can decode this message lol thank you for tapping in with the content!
This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100.
So yeah gang, not too much to get descriptive over because everything is explained in the video. Enjoy the rest of your week, trade well, and keep crushing it for 2023!
USD-CHFThe currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In our opinion, an ideal opportunity for a "long" position.
S&P500 Inflection PointThe spy has closed below a key support which has now become resistance. Closing Below this level for 2 consecutive weeks leaves it vulnerable to retracing lower to the next major support. A retrace down to to the major trendline breakout will be very healthy consolidation if it manages to hold that level.
DXY possible breakoutThe DXY is on watch for an hourly breakout.
This is coming on the back of China inflationary numbers.
2.1% YOY inflation
0.8% MOM inflation.
The Month over month came in slightly hotter than expected which could be signaling maybe a hotter US CPI next week.
The China Reopening may be the cause of this.
APPLE - Some Upside short termapple is in range bound trading and could potentially move towards 178/180 area before it takes a pounding and move towards 115/110 Area.
DXY, SPY, Yields: what the heck happened?Crazy action and reversals. Once again the volatility continues but the vix didnt spike.
We discuss the US Dollar, Yields, SPY.
#GOLD Forecast #Gold is about to make some big moves, testing the pivot , is it going to be making a triple top or will it pierce through 2100 this time and move towards 2500 level. Patience can be rewarding in this
Double Top on EURUSDBreaking of a strong support and two price peaks shows strong confluence to double top pattern
Going short on TSLAThe stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
Bullish indications on CAD against CHFThe bearish rally has seemed to bottomed out after formation of bullish divergence and subsequent higher low. Buyers are advised to wait for the breaking of strong resistance level before going long in this trade.
Intraday Price Movement & OnchainHello Traders
In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price.
So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum.
On the On-chain side, I screenshotted two metrics from Glassnode to show you how crazy today's On-chain activities are.
Coin Days Destroyed (CDD) for any given transaction is calculated by taking the number of coins in a transaction and multiplying it by the number of days since wallets last spent those coins. So there was a spike in CDD, showing us that there's a risk in the market. On the other hand, the realized loss shows that so much bitcoin was transferred in loss, meaning the price can see a bullish movement today.
I still stick with the previous analysis I shared.
For today I see bullish consolidation or a bullish breakout, and for upcoming days I see a pullback that I mentioned in the previous post.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
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Good luck.
Selling AUD against Swiss FrancA pair driven strongly by support and resistance shows a bearish downturn by breaking all support levels.
EUR/USD overbought short +9.4% 12/15/2022 Tried this a bit earlier when RSI started to break trend but was stopped out after seeing a quick profit, trend was still too strong. Entered again when confirming overbought area. +DI started to break its trend and trend downwards, RSI broke trend & candle was starting to close within Bollinger Bands. As I type this has continued a bit further down and you could use the middle bollinger as a take profit yet fighting the trend I did not & recommend not doing that. We shall see if it hits that area later & maybe I'll do an update of where this trade could have landed but I have a Secret Santa & lunch out today for work so don't know if I will have the time :) until next time amigos!
Projecting Profits in Euro!The continuation of a strong bullish trend in euro against USD will be verified once the currency breaks the cup and handle pattern it's forming as of now.
By projecting two TP limits via chart patterns, a good trade plan can be seen.
TSLA - A complete trade plan!I have mentioned all the technical tools which are indicating a strong bias towards selling the stock.
Double Top pattern on ETHThe crypto shows breaking of the neckline of a possible double top pattern; indicating a bearish rally till 1173 price.
Bloated Bears on December..Monthly chart analysis show a bearish December bias on Natural Gas against USD. Since 2017, the pair has always been bearish in December, making this year 6th in a row!
Pounds Grows Weak Against Dollar!A bounce back and subsequent trend-reversal is seen after a C retracement point from ABCD harmonics pattern. Combined with the formation of a lower high, and bearish candlestick pattern, a good short entry point is seen.
USDJPY LongThe currency shows strong confluence of bullish trend reversal from ABCD harmonics pattern along with formation of a nice inverted head and shoulders pattern to supplement the bullish flow.
Please note: Tomorrow's Fed announcements might change the probabilities.
