90 Days USDT uncertainty turning to PAXGIn my opinion cryptomarket,will bleed huge. My fundamental analysis: NYAG needs documents from $USDT within 90 days, USDT market cap still rises as they print money, but in my thought at some point they need to redeem and burn their tokens in order to get their documentation in place. Every crypto (altcoin,bitcoin) graph draws head and shoulders on the chart, I don't want to keep USDT either. Lokking at USD/Gold chart we have strong support level at $1690, where we should bounce to $1750. Looking at Btc/Gold chart I showed all the resistance levels (my targets): resistance red lines not as strong as resistance blue horizontal lines and black is very strong resistance level.
If you dont understand something, I would gratefully answer all of your questions. Not financial advise, do your own research and good luck
Uncertainty
K-Shaped Recoverymany people still thinks we're in a V-Shape recovery , but it's a K-Shaped recovery in progress right now.
which is one of last thing you want to see in a major economy.
dumb money goes into many worthless tech companies and spike their market caps at unbeliavable levels. (just like before 2000 dotcom bust)
on the otherside industrial sectors are not showing any robust recovery signs.
from this perspective this market is totally unstable now and crash is inevitable.
Bitcoin possible bull flagHello!
Has been very interesting to watch how BTC performs now on All Time High.
Here we have a nice setup. Ready for both moves up and down.
Fear And Creed Index 95 and have been on or close to extreme creed for more like 1,5 month ;D. So we are going to see a drop. The question is. Is it in a week or after another month. Use caution!
Bitcoin broke ATH and is right now on uncertain waters but we are still in strong bull trend (higher lows) . We can see fast moves up or down. I think this is a possible move upside as we can see the smooth flag pattern. Target levels shown as arrows are symmetrical size from the price movements before.
RSI has also already broke the supressing trendline (Bull)
There are also EMAS which might work as a support.
I am ready to take another long (Fibo levels) if the pattern brakes downward.
Keep in mind that this is 1 hour timeframe so it is possibly to just go sideways and the pattern can totally reshape.
Oh yeah I almost forgot. There is also still space to move on Bitcoin Dominance chart on weekly if you check the top resistance line. I think I made an analysis about (3 - 4 weeks back) it before and it did work as resistance.
Let's see where the market wants to go and follow it's lead and peaceful Christmas to everyone!
This is not financial advice.
If you do make trades use stop loss or you get your ass burned.
1st mistake beginner traders do is taking to big risk.
-Jebu
EUR/ZAR will the support hold...? 19.1386
We see that price has come back down to the 19.1386 support level.
If price finds support and moves up we could see resistance at the 19.3352 level.
If price breaks through this support and the next support is at 18.9059 level AND if price breaks through this level we could possibly see a big move to the downside.
Gold put in bullish singal!!!In this analysis, based in our problems on the society, United Kingdom, Europe and United States on this week have bad news!!!
Now, we see in H1 timefrmae at the moment, we could have a good signal to put in long position to buy Gold. There's a nice opportunity to invest in Gold!!!
Maybe, Gold want to formed a shoulder head shoulder. That is a bearish pattern and for the next week, depending of the speculate news, we could see a Gold bearish if U.S. Dollar going to strenghten.
Now, we see in Daily that the trend is become bearish and maybe, we could to pick down a short positon with good opportunity!!!
So guys, right now, I entry in buy market order to buy Gold at $1,895 USD with a SL at $1,884 USD and my own target will be $1,920 USD
Good luck in this position!!!
Big Tech has shown strength versus UncertaintyBig Tech has shown strength in a consolidation zone for a month. After taking pause along with its FAANGM buddies, MSFT may make a significant bullish move toward Election Day. The Bearishness of Election may be already priced in. Despite very negative headlines all month and especially the last two weeks, these folks are still unfaced!
MSFT to $208 by end of week Microsoft is hitting higher highs and trending upward. Even though we have an upward trend, we are due for a higher low. I predict this higher low will hit this week with a low of $208. I will be posting daily candle stick segments to link to this publication. With election uncertainty we can expect some market volatility and we should be expecting to see some choppiness throughout the election process. This is a short term short.
9/25/2020 BITCOIN POSSIBLE TRIANGULAR PATTERN FORMATIONBitcoin might be forming a triangle or possible double top pattern, huge breakout is coming by early october. But since it is very correlated with the stock market, we have to monitor closely on both market structure to identify the breakout direction, if bitcoin breaks and close below the 20 Week MA (140 Days) then it very likely could fill the CME Gap at 9.6k or even heading towards the 50 Week MA (350 Days).
As election is coming and uncertainty arised, it's like a natural reaction from investors for being fearful during this period of mid phase pandemic.
BTC showing similarities between now and FebruaryHere's what we know for BTC: There are some similarities between the charts in February, right before COVID, and the charts now. Last time we dropped this far below the 200MA on the 4hr chart was February 26th. On the highest volume during the drop we were about 275% above the volume average.. When we dropped below the 200 MA on September 3rd, volume was about 275% above the volume average. When we made the drop below the 200ma in February we dropped 15.04% from the swing high. In both charts, the highest volume was 12hrs before the next retracement. When we made the drop below the 200ma on the 3rd we dropped 17.38% from the swing high. In February at our peak we were 12.82% above the 200MA. On August 17th, last time BTC peaked, we were 11.5% above the 200MA. This is also the furthest below the 200MA the 21 and 50 have been since February. This is a historical comparison between now and last time we were underneath the 200MA on the 4hr chart. Just looking at these charts they look similar but not the same. I am neutral as of right now. We could pump and continue our uptrend! These comparisons help keep us focused and prepared for any scenario
Uncertainty in QQQ...Here's what we know: We got to the top of our regression channel and just like every other time sold off at the top. QQQ volume was up 199% vs 50 day volume average today, giving it the highest daily volume since March 23rd. We undercut the regression channel for the first time since April 6th even though we bounced back today's wick was the first wick below the regression channel. Today had 248% more volume the when we hit previous highs on September 2nd. Yesterday had 220% higher volume then September 2nd. We also closed above the 21 day moving average and then cut below it again in AH and finished AH below the 21 day moving average. Today is the first day we attempted to test the 50 day moving average since April 21st. Whenever we have pulled back we have pulled back and average of 6.58% from top to bottom usually taking 3 days to get from top to bottom. Our pullback this week from top to bottom was 11.12%. I'm not deciding if i'm bullish or bearish yet, simply stating numerical facts I have noticed from analysis.
BTC uncertaintyWaiting to let the market decide on July's trend.
Alts don't seem to care so much right now.
I think the interest farming thing is leading the people holding through dips and probably buying more.
Everyone's moving their BTC to wrapped BTC on the ETH blockchain.
Seems to be increasing the M2 of BTC but since this is the first ever Defi cycle no one knows if the high interest yields will actually pan out.
I don't think many of the crypto loans have matured long enough to see if there will be defaults or not. If BTC keeps dropping there's going to be a pretty big sort squeeze inn Defi plays as people see that their interest isn't high enough to cover losses and they'll start selling.
Right now I don't think people are tethering out of jumping back into BTC I think they're just converting DeFi alts to whatever has the best interest.
July Investment Thesis:
Continue to ride Junes top performing Alts until the market changes.
The Alt reset that usually happpens with BTC volatility is decreasing so Jump on.
Be patient, Be picky, Focus more on Risk/Reward Vs. Tops/Bottoms.
AUDUSD uncertainty With protests and covid fears taking place in both the United States and Australia, as well as the stock market connected to each currency plunging recently, we can lean more towards the side of a sell. We are seemingly in a state of consolidation right now but another retest of our 0.70000 James Bond Area doesn't seem too likely. Jobless rates in the US will stay elevated. Increasing turmoil between Australia and China also points to a drastic drop in the price. With a lot of fundamental pressure this week, I'm excited to see how price will maneuver in the upcoming days. Price, market sentiment, and message volume are all down with this pair.
UNCERTAIN SO TRADE WITH VOLUMES - BRFS - 240MN - MY IDEAThank you for your Likes! Very Appreciated! Please give the chance to the community to see what you like by Sharing!
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After a nice long fall, the price has stabilized and is following a very weak support line going in the upside.
There is a support, illustrated by the blue line, that has been tested few times with a major failure lately.
This opens the door to a short entry on that time. Now we are looking at the price which has broken the very weak support line.
The signal of a short direction is not significant.
The probability is higher to see the price testing again the resistance line, then different scenarios:
- The market fails again goes in a declining trend. Perfect entry for a short trade, profits in the Sort direction.
- The market supported with volumes forms a nice larger candlestick to break the resistance, top blue line. At that moment the doted support line will become a serious support line. Good entry for a long entry.
To resume:
Beware next week at the volumes and the reaction of the market towards the blue resistance line.
Market remains uncertain, but take advantage on bearish ifyoucanMarket remains uncertain, but take advantage on bearish ifyoucan
I still recommend dont use stop loss position unless you are using your own bot that could change the position inmediatly if it detects changes on the market.
Right now both proyections could happen and we need to keep analysing the data and changing the proyection every time we could.
Regards and good luck.
AUDUSD: possible scenarioRBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment..
..however global uncertainty around China might put another selling pressure on AUDUSD.
Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31).
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Feel free to share your opinion/position via comment and follow me to stay updated.
Bitcoin rolling over! WHAT IS BITCOIN DOING???Hey there,
So it seems like Bitcoin doesn't quite know what it wants to do.
Retest swing high, break it, form rising wedges, break them to the upside, then downside...
Nonetheless we have a bearish engulfing candle on the daily chart which is signaling strong
bears for now.
I will look for further downside if bears remain strong shortterm and keep price consolidating
around the current lows. The trendline of this channel is one of my next targets with
a retest of resistance and following break of the channel line and most idealy
a retest of the 200D MA, what I have been preaching for the last weeks.
Keeping it simple and staying away from trading for now, until Bitcoin gives clearer
signals of what could lie ahead of us now.
Uploaded a video so definetly check me out on YouTube at:
Enlightened Trading
if you don't want to miss out on key information.
Also follow me on Instagram @enlightened_trading_
and Tradingview.
Leave a like and comment if you wish so!
Cheers,
Konrad
USDJPY: possible scenario for joining bearsGlobal uncertainty around coronavirus puts USDJPY under selling pressure, which might continue..
Joining bears between 108.9-109.27 price zone with 108.1 T/P provides decent R:R (at least 2.16).
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Feel free to share your opinion/position via comment and follow me to stay updated.
Spotify diamond topSpotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out.
Personally I use Spotify myself..
GBP/USD Technical analysisThe chances of a Brexit deal took a nosedive, since reports circulated in the media that DUP could dodge the deal in UK parliament.
There has considerable longs in the counter and hence, we expect traders to trim their position.
Technically, the counter has broken down a critical level of 1.27271 and so, it could move to the next support level of 1.25381.
Another Total Market Cap Update #2Update:
A few more lines added in to show direction
Down to 190 Billion then...
Up to 212 Billion...
Most likely a dump to follow,
if we break up from 212 then we may be seeing a reversal on the market.
Hard to speculate where we will go from here.
I still seeing the details laid out in my last update panning out,
refer to my last post for relevant data.