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Wednesday

BTCUSD: Potential Drop to 55K After Reaching 57KGM crypto bro's, this morning BTC dropped back to the 57K range as I mentioned in yesterday's market update. The Fear and Greed Index also dipped further into the fear zone, dropping to 33 from yesterday’s 39. The stoch RSI is beginning to move out of the overbought area, and based on today’s price action, there’s another possibility of BTC continuing its decline to the 55K range. Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
INDEX:BTCUSD
by x_Akki
Spicy Wednesday: Share Your Most UNPOPULAR Crypto OpinionToday I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums. This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right. Here are a few of mine that might rustle some leaves: - 99.9% of alts are vaporware. - The previous cycle top was in April '21. The November top was 'faked' by FTX. - Nearly all investors are better off to dollar-cost-average into BTC or ETH and should stay away from day-trading. - Exchanges will actively trade against you if you trade with larger amounts. - NFT's are useless and a scam. Are the opinions above spicy enough? Hit me with your worst and let's have a sensible discussion.
COINBASE:BTCUSD
by FieryTrading
21
GBPJPY: Day 3 longs breakout traders in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ Day 1 cycle Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump Frontside ✅ Backside 4. THESIS: Long: secondary, considering this market still (at the moment) on the frontside move, it could keep going higher if price drop at least on the LOD; Short: primary, CP to LOD can be an interesting scalping opportunity if the market keep consolidating around the CP level. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
Short
by GianniPichichero
6
US30: Day 3, coiling underneath yesterday HODHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Monday day 1 broke higher the previous HOW, failing the breakout, dumping down and closing as a first red red day. Tuesday day 2, the market consolidated almost all the day at the current LOW placed by the Monday high low, performing a nice pump at the end of the day. Today Wednesday day 3, the market is in consolidation above the yesterday closing price and previous HOD, a particular situation that often lead to an explosive move. However, indexes open at 9:30 NYT and CPI red news on calendar at 8:30am. DAILY TEMPLATE (15min chart): Both Asia and London session consolidated between the CP and HOD, nothing really happened yet. THESIS : As always, I do not predict any market direction, because predicting/guessing is just a 50:50 method. However, for a long thesis I would target the previous HOW considering the 3 days dump and pump scenario, but I wouldn't exclude a bigger short scenario back at least to the LOW or breakout traders of Thursday. SETUP : Long: consolidation at CP till news release or NYO 9:30am Short: lower low in place, pump into CP for a dump, eventually also pump into previous HOD for a short setup. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:US30
by GianniPichichero
Wednesday Moving Average Model for QQQ (No FOMC Days) for 11/30This is a 5 minute moving weighted average model of the Wednesday Intra-Day stock price for QQQ. The average looks at all Wednesdays for the past 12 months, and excludes any Wednesdays that fall on FOMC announcement days (those are a separate pattern). To calculate the initial model, I did a straight average of 11 months, then performed a moving weighted average of the last three Wednesdays of the year with each week counting towards the model at a 0.15 weight. The Wednesday model shows the Open, High, Low, and Close amounts (averaged), as well as the moving weighted historical high of the day, and key pivot points. Because this Wednesday precedes special announcements of GDP numbers, it is very important to always follow price action. The model may only be useful to look for key swing points, and is not a reliable prediction of future behavior. Additionally, I have added ADX and Chop data, using the same average methodology described above. For Wednesday, expect that the afternoon will have fairly low momentum. There does appear to be a repeated large move at 2PM that is appearing in my dataset, even when excluding FOMC announcements. I would watch for the 2PM interval to make some huge move (either up or down) as this is a large, repeatable observation.
NASDAQ:TQQQ
by dratzlogic
NIFTY TOMORROW 3 AUGUST WEDNESDAY ANALYSISAs we discussed yesterday price moved 120 points whole session . Tomorrow I am expecting the same trend will follow . If gaps up above 17400 level immediate resistance is 17460 or if gaps down below 17150 immediate target 17080. As of now we cant expect big move , unless price breaks 17000 support or 17450 resistance , Inside this range price will make a choppy move . It is better if we trade in less quantity until price breaks upper or lower resistance zone.
NSE:NIFTY
by stockssimplyfy
NVDA PRICE TARGET OF 232 - TOMORROW, MARCH 3NVDA slowly creeped up on Wednesday, March 2nd, with little volume (a sign of weak momentum) and closed the day with an impressive selloff - leaving price below the 15m 9ema. NVDA has two options tomorrow the way I see it. The first and most likely, is price drops to 232 and possibly even tests 226. This is will depend largely on the open tomorrow, and whether or not price stays below the 15m 9ema. This is backed by the the up trend being broken and the On Balance Volume indicator showing a steep decline. The second and least likely, is price continues to creep up, retesting the upper trendline region of 250/252 - although I see it being very difficult for bulls to find the momentum to break through these strong resistances. Of course, these analysis are becoming less reliable as the situation in Ukraine and Russia unfolds and updates.
NASDAQ:NVDAShort
by SJ_CAP
2
Bitcoin Falls to $34,500 Bitcoin plunged 12% on Thursday as Russia launched an invasion of Ukraine — with explosions heard in multiple cities, and thousands attempting to flee the capital. CoinMarketCap data shows the world's biggest cryptocurrency fell to lows of $34,459.22 — significantly below the high point of $39,122.39 that was recorded on Wednesday. Smaller cryptocurrencies suffered even larger double-digit losses. Ether, Binance Coin and XRP are all down by about 13% over 24 hours. Other altcoins — Cardano, Avalanche, Dogecoin and Polkadot among them — have fallen 17%. Global stock markets have also been sinking — with the tech-heavy Nasdaq 100 now on the brink of officially entering a bear market. On the flipside, the price of oil has surged — with gold outperforming as investors seek safety. There are a few takeaways here. The first is that Bitcoin appears to be performing more like a tech stock than a safe haven right now — further diminishing the narrative that BTC is a form of digital gold. A surge in oil prices could also contribute to concerns over spiraling inflation, not least because it could translate to higher energy bills and more pain at the petrol pumps. However, it's unclear whether the ever-worsening crisis would prompt the Federal Reserve to delay interest rate rises that had been planned to commence next month.
COINBASE:BTCUSDLong
by prevcentbrungong
USD/CAD - 03/11/2021USD/CAD (H4) - don't be fooled with price breaking out of consolidation, the range has just extended to that fake out and has not clearly broken so we cannot target buys with the HTF direction until price breaks 1.24286 USD/CAD (M15) - similar to GBP/JPY we are in this consolidation, ideally I will want to target sells on the break of 1.24156 which could be a risk as it is only an interim level but if this fails then I will be looking to buy the market at 1.24209 and just wait till price reaches the H4 resistance to decide whether we should hold.
by Official_VIFX
GBP/USD - 03/11/2021GBP/USD (H4) - price currently retesting the previous lower low which could be forming a break and retest level, if we hold strong then we could look for sells back down to 1.36058 however if the retest fails we will be targeting small R/R reversal trades back up to 1.36510 GBP/USD (M15) - we can see the break and retest pattern in affect here. Price has retested this structure before and sold off and now we are tapping into this level for the third time. If we continue to reject I will look to target sells when price reaches 1.36224 however I would expect a big pump to the upside if this newly found resistance fails to hold.
by Official_VIFX
GBP/JPY - 03/11/2021GBP/JPY (H4) - price currently floating around in this range, we are still maintaining bearish structure on the H4 and we have multiple wick rejections to the upside showing price to break higher so I am leaning over to sells more than anything but if this changes I will adapt to the market with plans for buys. Targets for sells will be 154.742 and buys 155.887 GBP/JPY (M15) - we can see this consolidation a lot clearer on the 15 minute timeframe. We could use the trendline on the current leg of the M15 to look for breaks to short down to support of the consolidation on the 5 minute but the big trade will be if price breaks 155.073
by Official_VIFX
GBP/JPY - 03/03/2021Open trade from this morning currently locked in at 1:1. Strong bullish momentum set on the hourly showing higher highs and higher lows. I decided to monitor this double bottom on the 30m as I believed price would not come back to retest previous structure as we had a strong wick rejection on the hourly. As you can see price faked out before breaking back in with a strong engulfing candle. As soon as I saw this candle I knew I had to take the trade. My stop loss range exceeded my maximum set on my trading plan so I had to set a buy limit to keep the trade under 20 pips. Luckily this gave me a much better entry.
Long
by Official_VIFX