WAR
Bearish market is not overWe are not at the bottom of a bearish trend because the bottom does not allow you to buy and trade.as i predicted btc is now dependent on fundamental news !If you want to predict BTC price you just have to follow war news and federal reserve! my advice is just trade in this area but make your own decision on every move
GOLD - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
GOLD is overall bearish trading inside our orange channel, however , it is approaching a strong support area 1675 - 1700
Moreover, the lower orange trendline acts as non-horizontal support.
Thus, the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower orange trendline.
As per my trading style:
As GOLD approaches the purple circle, I will be looking for reversal bullish setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
No Saving The EURO Against A Super Strong Greenback!Fundamentally & Technically there is likely NO HOPE of saving the EURO!
Fundamentally if you read the news, there is not even a glimmer of hope to save the EURO in the near term against a strong greenback! Here we focus on the technical side of the things. Currently the price is accelerating to the downside towards the support of 0.98000 region. Therefore once this level breaks the next support/ demand zone could be found near 0.86000 region!
Looking at the main chart, there are so many resistances that is capping the gains in the EURO especially the descending multi-month trendline!. Therefore as the price approaches this crucial support of 0.98000, it would be wise to await for this level to break. This would give us much confluence that the price is likely headed lower.
Have a look at the main chart and observe for full understanding. you can also view the weekly EURUSD and notice the descending trend where various resistances are present.
Bitcoin Bear Targets in case Ukraine x Russia tensions riseUntil the rising of the tensions between Ukraine and Russia, I was bullish about Bitcoin because of the fundamentals and on chain analysis. Now that my hopes on a diplomatic solution fades as war is in fact happening, my vision tends to change to a more bearish scenario. So I made a very simple analysis based on price levels and volume and the head and shoulders figure that was upsetting me and a lot of people on the market.
$CVX CHEVRON WYCKOFF plus INVERSE HEAD and SHOULDER Pattern$CVX Chevron Corp
This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money!
Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to note below:
1. Warren Buffet loaded on Chevron.
2. Supply on oil is still low and the demand is high. The government policy on oil refineries doesn't help the supply.
3. The Russia War on Ukraine is still in full effect. (prayers)
4. Their earnings lag, however, this stock will move significantly on news that directly effects these headlines.
5. It is a dividend paying stock, I believe the news will try hard to beat it down so hedge funds can load up.
Like I mentioned above, $cvx appears to be in accumulation, it has formed a decent consolidation pattern.
If you zoom into the 4 hour timeframe you will find a beautiful INVERSE HEAD & SHOULDER pattern developing (flip from bars to line chart for a different view).
The left shoulder shows the highest selling volume bar and checks the box of a textbook inverse H&S.
However, if this pattern fails, I have setup some support levels below.
This one will be on the top of my watchlist next week!
BTC is about to invade 2 year Moving Average 😰☠️*🐻*☠️😰Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BTCUSD- Daily Time Frame - Candlesticks
📌 Support Zone - Demand Zone - Fibonacci - Tops and bottoms - Fundamental - Sentimental
👋🏽 I would like to say hi to anyone reading this
📍 So with all these chaos happening early 2022, let's talk about BTCUSD and decide whether we are already in a bear market or not.
📍First of all I would like to name a view of these chaos happening all around the world and why 2022 IS a very wild year :)
1- Internet shutdown in Kazakhstan; because of protest against oil price
2- Russia threatening Ukraine and a possible war between these 2 countries
3- Truckers protests in Canada
4- China Taiwan dispute
5- Hyperinflation
📍 So far, 2022 didn't start very well, did it? So it would be no surprise if BTC is dipping in these months but what is going to happen ?
✍🏼 Based on historical technical analysis we have a very strong technical indicator which is 2 Year Moving Average:
In simple word if the price touches or closes below the lower band there could be a bullish momentum and if it does touch or open above the upper band there could be a bearish momentum
📍 We are getting closer and closer to the lower band and prices continues to fall, so we might get back to 30k's range or even lower for a bigger move
✍🏼 I've already introduced several TOPs and BOTs in the chart. The TOPs are based on Fibonacci extension levels such as 1.27% or 1.618% , etc. and the BOTs levels are the 0.23% , 0.382% , 0.5% , etc retracements
📍 I personally think we might see another dip to the 30k's level before another rally.
⚠️ But, I have another case scenario:
Because of all these bad news happening all around the world we might be seeing very lower prices and it may be harder to BTC to recover from that.
btc broke the trend line that started from 13 mar 20201-stop-limit in 24
2-stop-limit in 20
if the economy goes down and inflation goes up, there is a possibility of war and lower figures.
if the situation improves, we will see higher numbers from one of these points according to my previous analysis, and if it does not improve, we will go lower.
good luck
GBPUSD LONG TO $1.29000Market structure for GBPUSD is currently at the start of a mid term, corrective phase. I am expecting this correction to take place within a A-B-C wave form. We have so far seen our first impulse move up which peaked at $1.66 marking the end of Wave A. We are now heading down roughly towards $1.237, where GBPUSD will find support hopefully and mark the end of Wave B. This will be a good position to take long positions, targeting $1.29.
I will be catching this move on behalf of myself & my Account Management investors. Let me know if you agree with this analysis by dropping a like, or let me know what your bias is.
a BTC correlation that no one talks aboutSomething I'm wary of are geopolitical events under the hood. Past capitulations of $btc required that $usoil AND traditional markets to decline. So far, USOIL has not seen a capitulation, and a BTC bottom might not be confirmed until USOIL reverses and finds its bottom.
Macro indicator & misc. targets update:
6/03/22
Current Price: $29,700
RSI 3W: 2.7 points from bottom
BB %B 3W: Bottom hit
CCI 3W: Bottom hit
CMF 10D: Bottom hit
MFI 10D: Bottom hit
200W EMA: $27,100 - hit
200W MA: $22,100 - n/a
200W SMA: $17,700 - n/a
85% drop: $10,000 - n/a
Recession/Major US war involvement: $4,000 - n/a
Bitcoin was created out of the ashes of the global financial crisis, it *should* do well in the face of another one; however, that's ultimately up for the people to decide. May the odds ever be in your favor.
Thanks for playing
Trading Idea - #HensoldtMy trading idea for Hensoldt - Buy/LONG
Target: 26.00 EUR (+10 %)
Stop: 22.50 EUR
Defense electronics specialist HENSOLDT could benefit the most from higher European defense spending. Although the share price has already almost doubled, the valuation remains attractive, so the stock has further space to move upwards.
The majority of analysts see the price above EUR 30.00.
Global headwinds for copper?Copper has attempted a rebound from technical oversold levels in recent days, following a 20% drawdown from its all time highs, thus officially entering a bear market.
Is this an indication that investors have already priced in a global economic downturn and that the worst is now over?
Or are we merely experiencing a copper bear market rally, with further declines to come?
The previous days have acted as a relief rally in all assets that had declined in recent months. That's because interest rate fears cooled as inflation peaked. The market is beginning to believe that the Fed may not go all-in with rate rises and will thus need to release the brake to prevent more damage (a recession).
However, the most significant concerns associated with copper, particularly Covid-19 in China and the negative repercussions on global growth, have not dissipated.
If current geopolitical and economic challenges, such as Covid in China and the conflict in Ukraine, derail globalization efforts, copper prices may face further headwinds in the coming months as trade flows stall due to a drop in global consumer demand amid real income losses.
Copper prices exhibit an extraordinarily close link with South Korean exports ECONOMICS:KREXP — one of the world's most open economies and a gauge of the health of global trade flows.
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Lockheed Martin This is a long shot as the war is not over air warfare which is the specialty of Lockheed. However, the increase of its drone manufacturing capabilities could grant it a lot of governement contracts. If Putin boosts the Ukraine conflict from Special Operation to a declaration of War, I expect a lot of upside for Lockheed; specially Drone warfare division.
XAGUSD LONG TO $34It seems like all markets are currently going for deeper corrections indicating some choppiness in the short term. Overall, medium term I am still expecting Silver prices to soar towards $34-36.
Gold will also follow this route as they correlate positively. They’re both currently just facing deeper corrections then expected.
Drop a like if you agree and follow my channel! If not, do let me know what you think.