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Bitcoin healthy pullback or "Strategic Asset"?Bitcoin social media has shifted the narrative from YOLO 6-figure SOON(tm) to the June bear move being over to now accepting that this is a "healthy pullback." The bullish trend, which began in October 2023, officially ended June 24th with the confirmed cross of the Ichimoku cloud. See my videos and posts from last week for education. Bitcoin now sits today, on America day, at the final Volume Profile Support it can possibly hold before returning to the ETF launch levels. Price action euphorias have a sort of sweet irony such that it is almost guaranteed to come back to said levels. Speaking of America day, Trump has shifted the Overton Window just a bit by talking of Bitcoin as a strategic asset. www.forbes.com Whether he would actually do anything for Bitcoin is dubious but he is the first Presidential candidate to openly support the cryptocurrency. Noting this statement by the Trump campaign is not an endorsement but it is important to note from a sentiment perspective. In a bull market, any and all possible bullish news would see a bullish response. That such a bold statement by any candidate would be followed by one of the largest down moves in recent history confirms that the current market sentiment is bearish.
INDEX:BTCUSDShort
by norok
ES continue with uptrend On ES , it's nice to see a strong buying reaction at the price 5539 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
CME_MINI:ES1!
by Trader_Dale
AUD/JPY - Swing idea with Volume ProfileOn AUD/JPY , it's nice to see a strong buying reaction at the price of 104.350. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
1
MGC - Buy - 06/30/2024- What is the trend? • Bullish - 1H: Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too) • Yes - Does 1H supply/demand align with key fib level? • Yes - 1H: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 1H: Is Volume at or above average (MA) at this time? • No - 1H: Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line? • Yes Plus: - Is 1H supply/demand aligned with 4H OB/supply/demand area? • Yes • No - 15M: Is/has price touched 1H zone or fib level? • Yes - 15M: Is there RSI convergence/divergence? • Yes - 15M: Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA? • Yes ○ 15M: Is Volume at or above average (MA) at this time? • Yes
COMEX_MINI:MGC1!Long
by That-Guy-Cozy
BTC. Buying opportunitiesHi traders and investors! The price followed the bearish scenario from the previous review and reached the anticipated target of 60200. It's time to update the possible scenarios. Daily Timeframe Analysis Let me remind you that on the daily timeframe, the price has been in a sideways range since February 2024. The buyer's vector 10-11 is currently relevant with a potential target of 72797. The buyer has not yet been able to reach this target. The seller formed a selling zone at the end of the incomplete buyer's vector 10-11 (red rectangle on the chart, lower boundary of the selling zone 66060.31) and pushed the price down to the lower boundary of the sideways range at 59005. Since the price is near the lower boundary of the sideways range, the priority is to look for buying opportunities. Let's look at the lower timeframes. Hourly Timeframe Analysis On the hourly timeframe, the buyer is currently trying to start a long trend. The price has overcome the beginning of the last seller's impulse (60548.46). This level is currently key. Protecting this level by the buyer and/or forming a new impulse will start a long trend, confirming the presence of the buyer. A move below 60548.46 and protection of this level by the seller will form a sideways range where intraday trades can be sought from one boundary to the other. Buying opportunities Buying opportunities can be sought from the idea of realizing the buyer's vector 10-11 in the sideways range on the daily timeframe: the buyer protecting the level 60548.46 (aggressive strategy), forming a new buyer's impulse on the hourly timeframe and the buyer protecting this impulse (semi-aggressive strategy), after the buyer absorbs the daily candle of June 24, 2024 (conservative strategy). The potential target is 72797.
by AlexeyWolf
EUR/USD Day Trading Analysis With Volume ProfileOn EUR/USD , it's nice to see a strong buying reaction at the price of 1.07140. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend + GAP + High volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Bitcoin Levels and Trading Plan for July 2024This article will lay out the key levels that should come into play in the price action of INDEX:BTCUSD starting today on July 1st and may carry on through the month. This analysis will rely on Ichimoku, 50% Retracements, and Volume Profile. The primary driver of my analysis on Bitcoin price action is the Daily Ichimoku trend. I published a video last week on how consistently effective this analysis has been over the entire history of Bitcoin that I highly recommend watching to understand in detail. The basics are: Price is below the cloud Lagging span is below the cloud These two together = confirmed bearish This is the inverse of the post-ETF hype phase bullish trend that took Bitcoin to a new All Time High. An All Time High that unfortunately for HODLers failed to push higher and confirm the bullish momentum to carry forward past the fabled "6 figures". The key levels brought to us by Volume Profile in the longer term are: Resistance: 63000: Near term being tested this morning 67780: The line in the sand to return to bullish Support: 62000: Near term support today 56940: Low of the consolidation range 51760: Next stopping point of the current bear trend 42630: Return to the ETF launch era, my ideal target for my long term short The two key levels are 67780 above and 42630 below. If price can get back up and break 67780 then the Ichimoku rules will be true for the bullish trend to resume and possibly continue either for another consolidation high or even new All Time High. If Ichimoku rules are correct and last week was the start of a bearish trend then price would very likely return to the ETF launch levels. This is a strong support and also a thematic one for what happens in assets that have a honeymoon phase before returning back to reality. Before that final Support the 50k level will be interesting as it does contain a key Volume Profile level AND will invoke the Weekly Ichimoku cloud. Trade wisely!
INDEX:BTCUSDShort
by norok
2
XYL Multiple Levels of SupportAlso on my morning Spike scanner came up NYSE:XYL (see below for the spike on the 30m timeframe). I especially like this Support level as it has many matching components: 50% Retracement Level. My bread and butter. The most important Retracement Level. Volume Profile node. Not the POC but a key level of price and volume here. Ichimoku Cloud. A long flat SKB with the Lagging Span far away from crossing into bearish territory. This is the Spike that triggered me to look and find price acting such a way at Support: The take profit target is easy to find; the POC on the Volume Profile for the bullish trend. The stop is between the current VP node and the next significant one (which could be next support but no reason to take that much risk).
NYSE:XYLLong
by norok
150x Potential on Tokenfi's TOKEN [LONG]Hello Traders, RWA AKA tokenizing "Real world assets" will be one of the next major breakthroughs in the fintech industry. From the team at FLOKI Coin they've created Tokenfi's TOKEN cryptocurrency which handles all the payments for tokenizing assets on all of the major blockchains. In the last couple of months the team completed thorough updates to bring tokenization of real world assets to every major blockchain. In one regard you can create your own cryptocurrency with a click of a button. As well as NFT projects. You can tokenize just about anything and with thorough and complete updates in the coming releases they are always adding quality over quantity to their code. This project is a first of its kind. People in the fintech industry have been talking about tokenizing real world assets for a couple of years now. The team at FLOKI and Tokenfi are the first to make this a possibility. Just a few months ago it was only for three block chains. Now they have almost every major blockchain. This is a sign of amazing things to come with future updates. As we look at the PMARP indicator on the daily chart we can see projections almost like the RSI where it is at an oversold time. This is already bringing in big investment money as you can see from the chart. I remember when TOKEN first started and I told you to invest at two cents. It already hit 22 cents from there. It went down to 5.8 cents and then back up to 17 cents. This correlates with Bitcoin. When Bitcoin goes up like it will by the end of the summer or sooner we will see TOKEN go up in a major way. Just take a look at the chart. At every moment when you see it is oversold on the PMARP indicator or the RSI indicator you can see that it made amazing gains! With a 78 million dollar market cap heading into a 3 billion dollar a year NEW industry the price of token could easily hit 50 cents, $1 even $2 and so on. So make sure to set aside investment for TOKEN cryptocurrency and remember to shout me out for who told you first. Love Rocket
UNISWAP:TOKENWETH_C7E6B6.USDLong
by Henrywaters
Composite way.Hi, everybody. This is one of those composite charts that are designed to help you understand a little more. First let me say that if you look at the larger timeframes, the whole market situation looks like some sideways movement. While some see a rise as early as tomorrow and others see the market falling, I see no clear signs of either right now. My personal opinion. But I do see something in the future. So, we take the capitalisation of all coins without BTC and ETH, subtract Tether additionally from it and divide by BTC. On the left is a daily chart, on the right 19D. Daily. I haven't switched on the Volume Flow Indicator (VFI) for a long time. There is a positive signal, the short volume EMA crossed the long EMA to form a golden cross. If the volume data is valid, it means that the process of pumping liquidity into Total3 is underway. The signal from the 9 seasons rainbow is ambiguous. We have as many as three fuchsia-coloured stripes signalling a crazy sell, and they have been replaced by light red stripes. In typical cases this is interpreted as: Crazy Sold (Fuchsia) -> Bear Bounce (Light Red): This normally indicates price has dropped to a new level In addition, the Whalemap Indicator recorded purchases in February this year at 0.43. It is assumed that the profit on these purchases is underperforming. Now the altcoin market is below this buying point. 19D. Here I will switch to Ichimoku and Stupid Willy. On the clouds we can see the "thin neck" area. Anyone who has been following my charts for a long time knows that I keep a close eye on these areas. When Senkou Span A and B come so close, it means an area extremely convenient for a resistance breakout. For price to break out above the clouds and start a run. On this chart, the neckline starts on 23 September and ends on 31 October. We can expect a breakout in this time frame, I think. Stupid Willy showed a switching trend signal from red to green as early as the end of April, and pretty quickly back to red again. However, these signals occur when the black EMA crosses the major signal line. And the black has once again come close to the leading line. I expect that by mid-summer we will have a sustained green. Past pumps have formed two tops on this chart. 1.34 and 0.98. Additionally, I will highlight the resistance level of 0.68. 0.68 is the first target that the TOTAL-3 should pass towards new tops. Unfortunately everything is still very slow. But we are not discouraged. I remember the summer and autumn of 2017, not everyone actually thought growth was possible. Killing faith is one of the tricks of this market.
CRYPTOCAP:TOTAL3
by averkie_skila
XAUUSD 15 MIN If we look at the daily frame, we can notice the market structural change from bullish to bearish. That is, after the price was breaking consecutive highs, we notice that the price has started to form a lower bottom than the bottom, which shows that we have changed from bullish to bearish. This is the daily frame. Now we return to the 15-minute frame to see what we can do automatically. Returning to the mentioned team, we notice that the price has broken the structure again, and made a structural change. According to Spleen, we made a structural change with the price accelerating and leaving a gap behind at the top. From there, we can enter some sell deals. All you have to do now is wait for the formation of two highs so that the price takes liquidity from them, and as many traders as possible exit before the price drops to target the bottom of the previous day. Thank you. If you have any questions, see you in the comments.
FOREXCOM:XAUUSDShort
by Abdelmalak
1
Disney (DIS): Waiting for the Right MoveIt's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction. Current Situation: Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B. Strategy: Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves. Conclusion: Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
NYSE:DISLong
by freeguy_by_wmc