Update
BTC/USDT - UPdate. Acending triangle - Up or down trend BitcoinHello everyone, analyzed the BTC/USDT pair
I revise this chart many times and see more and more changes in the bearish scenario every day.
Do not forget that such triangles break out of the bearish and bullish trend.
With an average (bearish) or weak (bullish) signal
It seems that the "inverted head and shoulders" pattern has worked.
but it seems not.
It seemed there was a double bottom - but it seemed not.
It seems that they made a bullish flag - but it is still unassigned on the market. The order book speaks of the seller's strength, but the price moves up.
At the moment I have a long position from 46850. Some of it is fixed. Stop loss at breakeven.
I will watch the market behavior and will supplement positions if the UP trend continues. I don't like making quick decisions. Always waiting for confirmation.
"This is just my opinion, trade with your trading system
Have a nice day and come back again."
Go to my free channel and chat with other traders. Link in the description
Write your opinion, whether there is a place to buy here, and open a long position
SPX's weekly update. Second week of March 2021.Don't be fooled by the weekly Doji, check link below.
- P/E @ 39.73. Up . 77 "Not Looking Good"
- Insiders Buy/Sell Ratio, i guess adjusted, still around 6.32 down .64 " Data still out of March's 1st.
(by end day, usually updated)
- SPX's Dividend Yield @ 1.49 Down by .03 (
Diving deeper in tops land)
-Our M2 study indicator is crossing below zero line.
- March is worse than February especially "Mid March" with top gain/lose past 20 years is Max 8.5%
Min(-12.5%). ( We are already 5.76% down )
- Continuous unemployment claims down 2.81 %.
- Weekly candle "Tradingview auto", text book beautiful Doji. ( Only 9 % success rate since 2003 check
related studies/link)
- Deviation : Weekly @ 31.29, with 76 % single pullback
Daily @ 10.79, with 64% single pullback.
- PC, is .7 up by .03 ( Traders are getting more puts than last week)
-GEX :-4, 000,000 (lowest reading since May 2011)
-DIX: No man's land .
-VIX: Just above our Green safe zone, and below our Red Danger zone. (No man's land)
- Stocks reltive to 200D MA:
SPX, gave us a single on March 4 for a bottom of 50D
NYSE, did not give us on four 50/100/150/200.
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1/ We have a Beautiful text book "Doji", but with high
risk low success rate be careful. Check our study
for that since 2003 Dated : 14 November, 2020 (9% success rate @ bottoms)
2/ GEX is at it's lowest readings since 2011, 64% success rate we are @/near a bottom !!!!
3/ SPX's stocks above 50D MA gave us a bottom signal on March's 4, 2020 ( Kind of one day dip)
non the less it was a bottom so far till proven
otherwise.
4/ B%, March 4 was a bottom on daily, 90% success rate.
3/6 GOLD ANALYSISWhat's goin on trading fam!
Here is my updated analysis on XAU/USD for the week starting March 7th.
I'll be monitoring price action at the current support area around the 1690 level, and adjusting my positions from here.
Drop your thoughts in the comments below and let me know what y'all think -- and if there is anything you want to see in future videos don't hesitate.
As always take it profits and take it easy .. I'll catch y'all next week
- Ray
ADA/BTC Bullish Head and Shoulder breakout confirmed!Cardano announced it's mary update to come for the 1st of march.
Cardano starts to deliver and becomes the new ETH.
This is considered to be a longterm hold.
Checkout Daedalus if you didn't do that yet.
Reef is having a hard time and is close to two resistance lines.
Expect a small pullback to gain some momentum for a breakthrough.
Bitcoin is consolidating which normally is a good sign for altcoins.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
ADA/USDT Update: The silence before the storm?ADA shows a great V-like recovery back to 0.95$.
And we are in a consolidation phase and expecting a break soon.
But to which side?
Since some major news are coming I guess it's upward and we finally break 1$.
However, it is still possible to test the 0.7$ area again first.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
Can Reef Gain Momentum for another big run?Can Reef Gain Momentum for another big run?
Reef is definitely one to keep an eye on. Reef is being hyped by many crypto communities atm, and one could see big gains in the coming days or weeks.
Update: 10/02/2021Support now flipped resistance, 1h EMAs bearish and holding BTC down.
Highlighted box is .65/.618 fib on my chart and seems to be holding as support.
No matter how much bullish fundamentals there are right now, I can't help but think we go down for a bit, maybe a retest of 40 - 42k?
IDK....
Update: new target is 46kHi all,
Let's stick to the plan we've been following for a while, the only change to it is yesterday's wave 4, which I obviously closed a bit early and turned out to look like a flat (Fibs are not great though). Now is finally wave 5 which our waves suggest could probably reach 46k. Then we should finally see a more serious correction (my only concern is everyone seems to be awaiting it). Let's see if it keeps going this way.
Trade safe!
Update on GBPNZD short trade 200+ pipsHey traders, this is the update on the GBPNZD trade that I forecast on 5 January. Check the previous analysis down below.
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
LRC - Update- We Aren't Done Yet!Continuing my theme recently, if you followed my last LRC trade it was good for.... 244%...
Yeah - I don't know how that happened either.
Anyway, looking at the chart, we saw almost a 30% retrace in value since hitting ATH at .6 area, nicely bring us out of oversold.
Uptrend appears to still be in tact on MACD, interestingly the weekly has a ways to go still on RSI, see below
Think we're good for at least another 120% here.. Likely higher as this has seriously legs behind it seemingly.
Market Update...USD edges higher in quiet trade as markets consider US stimulus, Brexit, virus.
CAD modestly softer versus the USD, but intraday technicals are supportive.
EUR holds relatively firm above 1.22, German Consumer Confidence sours.
GBP softer as EU rejects UK offer on fish, Brexit talks grind on.
JPY little changed, CHF out-performs on soft risk mood.
AUD slides despite better-than-forecast 7% rise in Nov Retail Sales.
The Euro is attempting to consolidate on the 1.2200 handle vs the Greenback after yesterday’s swoon below the round number and through technical support, with decent option expiry interest adding more layers of support given 2.3 bn at the strike and a further 1.1 bn at 1.2150. Meanwhile, the Loonie is still keeping an eye on crude prices before more Canadian data, albeit rather stale today and tomorrow compared to Xmas Eve (October average earnings, monthly GDP and November building permits respectively). Elsewhere, the Pound has regained a bit more composure following its extremely volatile start to the week, with Cable back near 1.3400 and Eur/Gbp pivoting 0.9100 after UK PM Johnson’s fishing concession and talks between himself and French President Macron aimed at unblocking the cargo route between Britain and France. However, reports that the latest offer on fisheries will be rejected by the EU has sparked another bout of selling in Sterling, in contrast to the Franc that is sitting tight just under 0.8850 and 1.0800 vs the Euro, in similar vein to the Yen keeping its head above 103.50, but likely to meet resistance at 103.00 in the form of 1.2 bn expiries.
Bitcoin MAJOR UpdatePlease review the current price action of BTC.
1. Bitcoin is still in the Ascending Channel
2. Just broke out of a small bull flag looking to test higher levels
3. Top of the Channel (Red Line) is formed from the bottom support from Bitcoins lowest levels.
4. The top of the Channel is prices at 28-30K
5. Fear & Greed index is at an ATH.
6. Do NOT buy here
7. Expect a 20-40% Correction in the near future
8. Possible Alt Season During Correction - but not confirmed yet
Forming another leg up but the trend will end soon.