BTCPERP NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
BTC/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Exercise Proper Risk Management
Trendanalysisexplained
Gala it's lead to reach $0.07 centsIn this quickly analysis, it's my update of GALA that I follow in my radar in my investment, I suggested to buy this crypto before to begin to up. I expect a next price to reach around $0.074 cents approx. And we're forming a bullish ascending triangle that it's in formation right now.
I expect that this analysis support you if you don't know this crypto. Take a check out of this crypto project. It's amazing to follow on this 2023 and apply the concept to change your crypto-portfolio to update and choose widely some cryptocoins with a lot potential, credibility, transparency and the most important that I consider it's their fundament and philosophy what kind of project it's been unique to appreciate their quality in the fundamental analysis.
I hope that this seed will help you to identify good project!!!
Good night!!!
AUDUSD Long Term Predictions (4H Chart)Technical Analysis Summary
AUD/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Exercise Proper Risk Management
EUR/GBP: bullish signal to take in the smart resistance In this analysis, I decide to long EUR/GBP for now.
As first, I will share you some point of my technical analysis perspective to analyze better in this study.
First, I was analyzing in H4 timeframe that EUR/GPB look bullish and we could to forming a market trap and find up the key resistance in £0.8833 GBP. and maybe, this will be the smart point to sell in this point, buy now and then sell in the smart point where institutional could to lead the price and trying to cheat us. But if you see in H1 timeframe, we see as first signal that price action speak us to buy EUR/GBP. and RSI (my prefered indicator) show us that there're a strength that bulls could to reverse the price. And also, in H1 timeframe there're a possible formation of Shoulder Head Shoulder, in case that EUR/GBP don't break out the £0.8384 orthis gray zone, we could to continue drop then. But I believe that Euro will be bullish now.
And also, in Daily timeframe to recall, we see like a bullish hammer, what this mean a reversion of the trend in this zone, as the market structure still bearish that more later as I said, we can to short in the smar point.
For tomorrow we have an important event of the European Central Bank meeting what President lagarde will speak.
If you decide to trade long EUR/GBP. i buy right now in the market price around £0.8764 GBP, Stop Loss in £0.8727 (36 pips) GBP and take profit toward £0.8833 (70 pips)GBP. This will be a risk/benefit 1:2
Good luck!!!
SPX: Reached its Climax! What's Next? 🤔• The SPX did correct to the 21 ema, exactly as we expected in my previous analysis (link below this post, as usual);
• Now it is going up again, trying to resume the bullish sentiment, but in order to confirm that, it must break the red line at 4,015;
• If the SPX breaks this red line, it’ll trigger a pivot point, and in this scenario, the next resistance around 4,100 is the next target;
• What could go wrong? If the SPX fails in breaking this red line, and loses the 3,889 again. That could be a Double Top chart pattern;
• As long as it stays above its support levels, it’ll be fine, but a true reversal would only come if we trigger the pivot point;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
LTC LITECOINhi sweeties!
There is a bearish divergence on the LTC which means the weakness of the buyers in the moment that can indicate an imminent trend correction!
My indicator has already shown the break of the uptrend.
Btw, how can we distinguish either it's a hidden divergence or a trend break?
From my perspective, if I can't see any classical divergences against the trend, I expect to see a hidden divergence.
SPX: Another Target Hit (Again)! 🎯 What's Next?• We nailed another target on the SPX, as it hit the target we set yesterday at 4,015 (link to my previous analysis is below this post, as usual);
• Now, it seems the 4k area is working as a resistance;
• If SPX breaks the 4,015, then it’ll resume the bullish sentiment, and seek the next resistance around 4,100;
• There’s no top sign, or bearish structure on the SPX yet, but if we see one, this might frustrate the bullish thesis on it;
• A pullback to the 21 ema is acceptable, or even to the 3,889 again. But if it loses the 3,889 we might see a bearish reversal structure;
• It all depends on how it’ll react around the 4k. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color (Long Term)
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop ;osses or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Nifty bankToday NIFTYBANK traded in a choppy zone. It stops trade at 42300. Moreover volatility in Indian Stock Market today was low. In a shorter timeframe NiftyBank is forming a flag pattern this may depict a small bounce towards 42900 keeping our stoploss cost-to-cost. However, it is still in its bearish mode watching past weeks data which shows its support near 41800.
If you like my thought in a clear and concise then boost up my post.
Thank You for your patience and keeping confidence on me. NSE:BANKNIFTY
Range Bound: Analyzing Key Levels in the Bitcoin MarketYesterday, the Bitcoin market experienced significant volatility; however, Today's activity was relatively subdued as the price of bitcoin fluctuated between $20,646.5 and $21,179.5. This trend persisted throughout the Asia and London trading sessions; BTC struggled to claim the Point of Control of the current range and spent most of the time between $20,650- $20,964. After the NY Open, we saw BTC start grinding upwards, and before the NY close, the price finally reached the level at which I had intended to enter a short trade, allowing me to enter at $21,144.5.
Currently, the market remains within the developing range of $21,481 to $20,400, with key levels including the Value Area High at $21,237, the Point of Control at $20,908.5, and the Value Area Low at $20,677. (These numbers can vary slightly based on price action)
In terms of future market activity, there are several potential scenarios to consider.
Scenario no.1: Point of Control may act as a form of support, allowing the price to continue upward to reach the 0.66 Fibonacci level and the Value Area High, then get accepted into the range and begin to move towards the Value Area Low of the range.
My trading strategy would be to enter a short trade, as soon as it appears that the price is being accepted in the Value area High of the range, my TP1 would be the Point of Control, and I would allow the trade to run as I anticipate that price will break through Value area Low and grab the liquidity from $20,000 level.
Scenario no.2: Price continues ranging and takes the liquidity below $20,000, fills the CME gap, gets accepted back in the range, and then continues the bull trend. It is worth noting that entering a long trade in this scenario may be challenging, as it can be a continuation of a downtrend on a long-term time frame. To minimize risk, I will be monitoring the price action closely. I will wait for the price to get acceptance within the Value Area Low of the range and at the level of $20,246 before entering a conservative long position.
Based on my analysis, there are several key levels to consider before jumping into any trade.
On the upward trend, key levels to consider include the 0.618 fib level and an untapped weekly level at $21,827.5. f the price manages to break through this resistance, the following significant levels to watch are the daily level at $22,393, the monthly level at $23,301, and the weekly level at $24,297.
On the downward trend, a consolidation area around $18,375-$18,850 may serve as support, as it previously acted as resistance before the breakout. f the price breaks through this zone, it is advisable to look for support at levels between $17,450 - $17,750, as there are several daily Naked Point of Control levels, untapped daily levels, and a 0.66 fib level from the low to the current high.
I have set alerts for all these important levels and will approach potential trades with patience, carefully observing market reactions before making any decisions. If the levels do not hold, I will remain patient and look for potential opportunities at the following levels.
USD/CAD: bearish perspective in USDin this analysis, we see a potential short position. It's doesn't unlike to happen a long position from the support in $1.3356 CAD to $1.3484 CAD. But I will be pending if in $1.3356 CAD will form a bullish signal by price action to take in note. But we see that USD/CAD in H1 timeframe it's ready to down, but I will pending also this support in $1.3356 CAD if trying to break out, but the perspective still bearish in USD. The resistance in $1.3443 CAD could be a great point to entry in short. As this par look bearish.
But right now, I will not to trade USD/CAD if we see that make resistance in $1.3443 CAD, we can to short there. And always using price action analysis.
Now, on this Wednesday, we have U.S. Retail Sales what we hope that become bearish in this news pauted to 9:30 am (U.S. Eastern Time).
So guys, we hope that this idea support you to take this trade sure!!! Just wait the perspective of my model
BTC HEAD AND SHOULDERS WARNINGHI CAPTAIN OBVIOUS HERE
WARNING BTC IS PRINTING THE HEAD AND SHOULDERS TOP PATTERN
RSI overbought on daily and overbought on 30 min and others, has checked resistance and rejected...
it might go up still but it is currently in a trend reversal move, people are taking profits from the last long..
and we will collapse further
dont get liquidated
dont lose your money
think straight put a nice stop loss, and you might enjoy about 10 percent move down that you can profit from
i already got in at 21128
good luck everyone
ETHERIUM 1HOURLY NEAR FUTURE ANALYSISTechnical Analysis Summary
ETH/USDT
TREND ANALYSIS
We have 1 Downtrend in red color (Short Term).
We have 1 Uptrend in green color Internal Trend (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White levels Levels are very tight stop losses that could be used in high leverage future trading.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Daily review of BTC interval 1DHello everyone, I invite you to update the BTC chart, taking into account the one-day interval.
As we can see, the price has broken the downtrend lines, what's more, we can mark the Cap and Handle pattern here. As you can see, the formation begins with an increase and the formation of the first round, we have now returned to the level before the price fell and now we should watch whether the price will form a second but this time smaller round. the formation built in this way is characterized by the exit of the price upwards.
Let's move on to marking the support areas for the price in the event of a deepening correction. As we can see after stretching the Fib Retracement mesh, we have the first support at $20,197, the second at $19,281, the third at $18,588, and the fourth at $17,828.
Looking the other way, it is immediately clear that the price must first break through and then positively test the resistance zone from $20,935 to $21,471, only then will the way open towards the strong resistance at $25,182.
As we can see, the CHOP index indicates that the energy was used for an upward move and we are currently starting to recover it, the MACD confirms the ongoing uptrend, while the RSI shows a small rebound due to the current correction.
When we look at the EMA Cross 10 and 30, we can see that despite the correction, nothing has changed so far and they indicate an upward trend.
SPX: These are the KEY SUPPORT/RESISTANCE levels to watch. ⚠️• The index is in a bull trend, doing higher highs/lows;
• It seems it wants to correct today. If that’s the case, the next support level is at the 21 ema in the hourly chart;
• The 3,950 is another key point, and if the SPX loses it, we would see a sharper correction in the daily chart;
• In the daily chart, there’s a dual-support level around the 21 ema + 3,889;
• So far, there’s no clear bearish reversal structure, but the 4k seems to be a strong psychological key point. I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
The Value of PriceA basic concept in price action trading is that when it comes to the analysis process of price, some candles are more valuable than others.
By "more valuable" I mean, some candlesticks have more weight in the analysis process of price than others. Before I explain which candles
have more inherent value, let me explain a bit of price action philosophy.
When it comes to an asset's price, or even the market in general the price action trader believes that it is a living breathing entity.
Just the same as you and I, the market's movements differ from day to day and past behavior does not predict future behavior. That said,
just like you and I, the future behavior of an living breathing entity is much easier to predict if based on the analysis of recent behavior.
So in other words, if I were to predict your next move, it is much easier and practical to base that analysis on your recent behavior, rather
than your behavior 2 years in the past.
So this core philosophy pretty much dictates how you can set values to price. Simply put," Current price is more valuable than past price in
terms of the analysis process". So if you were to predict the future direction of the price of an asset, it is wise to analyze current price rather
than past price; simply due to the fact that past price has less weight in terms of the analysis process than current price.So for example,
if your analysis of price for the last 3 months was stating that price will rise in the future; however this week's price is stating that price will
fall, the price action trader will not hesitate to sell as dictated by their analysis of current price.
So the next time you find yourself confused about the future direction of price due to conflicting signals. Ask yourself, " what is current price
telling me about the future direction of price?" and let past price stay where it belong, "in the past."
That's it!
Have a great day!
Ken
ETH/USD: Long position toward $1,730 USDEthereum price look bullish in this side and could to lead to $1,730 USD. The price it's only speak us that the price will continue climb. So, I said in Daily analsysi here that Ethereum will find up a key resistance in $1,630 USD approx. in Daily resistance. So, if Ethereum break out this level, it's very secure that Ether will blow up. And also Ethereum it's trying to break-out the EMA 200 in Daily timeframe too.
I enter to long position now in Ethereum price in $1,546 USD, Stop Loss in $1,481 USD and take profit in $1,730 USD.
Good luck in this trade!!!
ETH/USD: Daily perspective to watch in Ethereum priceIn Daily timeframe, Ethereum trying to break-out the EMA 200 and we see another chance that may to climb to $1,638 USD, but if we break-out this resistance key in this reaction point, we could to see a bulls enter here This look a very interesting that we can to long position in the specify price that I will want in this screenshot in the next analysis of my long position in H2 timeframe
I hope that this idea support you and find up news idea to trade crypto!!!
BNB/USD: long positionBinance Coin look bullish in H4 timeframe and we see a nice opportunity to long Binance Coin or crypto.
Also, I note that Gold and cryptocurrencies go bullish together with stock market. And this may to change a perspective what we see in the macroeconomic panoramic after that U.S. Dollar drop.
Also, I was in forex market shorting some pars in Forex market like USD/JPY and USD/CAD .
So guys,I hope that this analysis support you!!!
Good luck!!!
SPX: Next Support/Resistance levels to watch from here!• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA;
• Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout;
• This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our previous public study on SPX – link below this post, as usual;
• Everything point to a continuation of the momentum, as we don’t see any meaningful top sign, so far;
• However, if SPX is about to correct, now would be a good time, as it just filled a Gap (3,965), and any bearish reaction in this area would suggest a pullback to the 21 EMA again, at least;
• Since there’s no clear bearish reversal structure, the next resistance on it is the 4,053;
• So far, everything is going according to the plan, and the SPX is behaving as expected. I'll keep you updated on this.
Remember to follow me to keep in touch with my daily analyses!
USD/JPY: bearish movement toward $130 JPYU.S. Dollar/Yen Japanese look bearish in this side very clearly that could to continue drop following the speculating news that I share in my twitter.
We see as first two past bearish candlestick in H1 timeframe forming like a medium bearish candlestick with a down wick and a up strong rejection wick that formed,this it's a strong indication of the bearish movement. Now, use very wide the price action and they help you to define your trade. I will put a sell order limit in $131.92 JPY, Stop Loss in $132.60 JPY and take profit in $130.00 JPY. We have a potential to get 191 pips. This it's a risk/benefit of 1:3.
Tomorrow we have FED chair Powell speaks and Thursday we have U.S. Core CPI (DEC), in the past 2 month came bearish from November 2022 and we hope the following key points to watch here:
Speculating News:
1) Dollar has peaked but set for last hurrah as markets underpricing FED tightening
2) According to Goldman Sachs, U.S. Dollar has peaked , but economist believe that in the coming months before resuming a steeper downtrend as Federal Reserve done for longer rate and isn't yet priced in.
3) A note from Goldman Sachs comment that Dollar isn't likely to revisit the September 2022 highs, after that Dollar has peaked. But it's still likely to experience some phases of strength in the nest 3 to 6 months.
Good Luck!!!