SPX's weekly update first week of April. Historically A+ month.
- P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last "
- Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
- Deviation : Daily - @13% (64% single pullback) weekly - @35% (76% single pullback)
- Candles Auto recognition : Nothing found 4 weeks in a row weekly, 7 months in a row for monthly.
- Putt/Call composite @.597 Vs. .764 Vs. last week = Less puts bought last week than the weeks before.
Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 378667 Vs 295309 big increase 30% up from last week.
- VIX : In our safe green zone, we hit 17.40 Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 65 = No man's land, closer to up swing..
- DIX : 40 No man's land.
- GEX : @ 5,857,000,000 "No man's land".
- SPX : Above averages . They had us going last week the break down of 50d MA. Was a Bottom !!!!
- NYSE: Above average nothing to mention.
www.tradingview.com
Weeklyanalysis
AAVE/EUR Weekly Analysis (03-04-2021)1D-Chart:
- Since it has already break above the 'Main Triangle Upper Resistance', there is a bigger chance that the price will go up.
- Supertrend: Already bullish
- SMA 20 & 50: Price already above both MAs, and soon MA50 will cross above MA20. Another bullish sign.
- MACD(12,26,9): Still bullish, no divergence.
- RSI14: Hidden divergence -> bearish continuation
According to those facts above, I think:
- Currently Bitcoin has been ranging at around $59,000 for a few days and it could break out anytime, so the bullish/bearish of AAVE would really depends on where Bitcoin is heading to.
- The market of AAVE prefers a bullish one, but being very cautious. So the price might goes up, but slowly. The minor Fibonacci channel (parallel with the Main Triangle Upper Resistance line) will come more in play.
Possible Resistance:
- Minor Fib Channel: Level 0.618 (current price)
- Main Triangle Lower Support: @366
- 1D R1: @372
- Minor Fib Channel: Level 0.786 (@384)
- Major Fib Channel: Level 0.236 (@384)
Possible Support:
- 1D Pivot: @320
- Minor Fib Level 0.382 & Major Fib Level 0: @290-305 area
Remember, this is the crypto market, and anything can happen. This is not a financial advice, but just my own analysis/thought.
** If you agree and enjoy this idea, please like and/or comment.
** If you think I make an analysis error, please also share your thought so I can learn from my mistakes. Thanks!
ankr weekly short swing scalpWeekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or weekly/monthly L3 comes in after this next weekly and monthly close on their respective levels.
Using camarilla pivots + cpr magnet reversion method. Weekly/monthly levels
Storj short swing monthy and weekly reversionWeekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or weekly/monthly L3 comes in after this next weekly and monthly close on their respective levels.
Using camarilla pivots + cpr magnet reversion method. Weekly/monthly levels
Don't sell Bitcoin: This it's the best chart of the history!!Looking out, Bitcoin was the best performance in the human history. For that, I invite you to know what kind of money it's Bitcoin .
I learn this year how Bitcoin up in based the drop and the inflation in the world reseve currency, it's mean the U.S. Dollar, the U.S. Dollar it's death and guys, for that, FED or Federal Reserve or U.S. Central Bank it's print out more and more money in America. Also, as I'm in Puerto Rico , as Puerto Rico (my country and part of U.S.) it's received a lot economical stmulus from the FED and approvied by U.S. senate and government. But what happen in this time? That FED it's print out more and more money, and included more than past year, and in America all goods and service are inflated their price and Dollar loss the value, people don't know and it's not prepared of this storm. Depending the situation, if America collapse, there would be hyperinlation in the world economy, and so, America it's can to collapse!!!
For that, I invite you to understand this part what kind of money it's Bitcoin , becuase each satoshi have more value than U.S. Dollar.
Look the importance:
If you invest at least $500 USD when Bitcoin was $5,000 USD, you get 0.1 Bitcoin , now today, this 0.1 Bitcoin have a value of over $5,000 USD. In my case, as I have Bitcoin , Cardano, Chainlink, XRP and Ethereum , well, my value in Bitcoin it's over 0.1 BTC , it's mean approximately of 0.31 BTC between these cryptocurrency. My major value in Bitcoin it's in Cardano that my 11,234 Cardano coins have a value over 0.2 Bitcoin .
The best that I want for you it's understand this exercise and apply your knowledge in your personal day to day.
I share this link if you want to look how the banks work, how your money work, and much more that you can to explain you what school don't teach you about how the financial crisis it's form structurally.
Here the link of the documental: www.youtube.com
Litecoin show a good interesting opportuity; I reconsider it!!!At the moment, if you thinking to trade Litecoin, I thinking to trade Litecoin, this crytpocurrency show a good analysis and good position that I can to make a Daily analysis more secure and profesional for you. I see that Litecoin it's bullish and I entry right now in the marketprice around of $187 USD to long position until the $423 USD, I follow the Daily analysis.
I know today that Cardano and Ethereum was touch me my break even, in except, as I entry around o $1,500 USD in Ethreeum and touch my break even exactly at $1,700 USD, I get some profits in Ethereum, but in case of Cardano, I do not earn and loss, my profit was 0 without any loss, becuase I put a break even in the price entry in Cardano.
But, whatever, I see that Litecoin it's more interesting to trade Ethereum, but I change Litecoin for Ethereum to trade it.
Litecoin could to form a simetric triangle, notice that much crytpocurrrency it's in this pattern, for that, this it's a good opportunity to bought Litecoin or put in long position.
And the weekly analysis it's still bullish, for that, I make a Daily analysis in Litecoin.
Guys, if you found out that this idea it's very interesting for you, please comment below what do you think about Litecoin, and I invite you to share this analysis with others traders to know my perspective of this crytpocurrrency.
BTCUSD Weekly Analysis 21-03-2021Last week, we notice a divergence on the 1D TF, so as expected, the price did goes down. Then it slowly crawled up again only to reach $60,000 as the highest point.
During the week, in the lower 1H & 4H TF, we can see that a triangle was formed. It tried to break out the triangle in the upper direction, but it kept being pushed back again into the triangle, until today it broke out again, only in the opposite direction, where at current, it also breaks the 4H pivot support, but not confirmed yet.
If the price stays at current position, then we will have a continuation divergence (the dashed green line on chart) with higher low on chart but lower low on RSI. But since the bar hasn't closed yet, this might or might not happen.
Some scenarios that could happen for the coming week:
1) the price goes back up again above the pivot and bounce back up.
In this case, it will then need to go against several resistances:
- the Fib 0.382 level (in my chart)
- the Fib 0.5 level that is just a little bit under the 4H R1 and the ATH ($61,724.6), which is also about the R2 level on the current daily TF.
- If the price action goes above the ATH, then the next resistance would be the psychological level of $65,000 (a little higher than the R2).
- And lastly, it will meet another big resistance at the $70,000 level (also a little higher then the R3).
2) the pivot break holds up and the price went further down.
Here, we will consider several supports:
- the Fib 0.236 level (which is also about the R1 on the current daily TF)
- the MA 200 (which currently is at around $53,000)
- and then the S1, Fib 0 level, and the S2 that all are not too far apart.
If the S2 doesn't hold, then we can start to prepare to buy the dips :)
If the divergence that I mention at the beginning confirms, then the possibility of the 1st scenario would be bigger.
Remember, this is the crypto market, and anything can happen. This is not a financial advice, but just my own analysis/thought.
** If you agree and enjoy this idea, please like and/or comment. Thanks!
XRP it´s prepare to break out this accumulation zone!!!XRP it's so interesting, I hold XRP too as I hold Cardano, Ethereum and Chainlink, and obvioulsy Bitcoin, but there´s an interesting data that I want to share about XRP that it´s could to explode in the next movement so near to look.
As we are in this simetric triangle in this range o $0.40 cents-$0.60 cents. XRP it's prepare to up in this bull rally. When XRP break out this simetric triangle, it's very easy to we're gonna to mark the $1 dollar in medium term, and easily we can to goes to the historical maximum price of $3.50 USD in the past bull rally 2017.
I'd like this cryptocurrency not just that it's very cheap, this cryptocurrency it's one of the top 10 cryptocurrency with best reputation to invest, and also, based in their fundamental analysis, this cryptocurrency could be distinguished in the next wealth transfer around the world into this cryptocurrency as this cryptocurrency it's used by banks, part o the wealth transfer could to move in XRP.
But, looking in long term, if you hold XRP, noticed that XRP have a lot way to run. Now, one thing it's that XRP it's one of my tops cryptocurrency very cheap to bought, because the price it's just around o $0.52 cents in the live market at the moment that I writing. Another strategy that I apply it's open XRP contract and hold XRP contract by long term as I do to multiple much more my XRP assets. Part of my XRP hold it's in Bybit to open up XRP contract to hold and multiply my XRP assets.
Ethereum it's prepare for the grow up in the next weeks!!!In this macro-analysis looking in weekly timeframe. Ethereum make the confirmation in the past weeks and we see a good signal that Ethereum it's extremely bullish in the next weeks. I apply the Fibonacci and we see another extra confirmation above of $1,400 USD that was an important support to valid that the Ethereum bull run it's true.
And looking the monthly timeframe, remember that Ethereum it's so bullish in this timeframe and I have my targets at $10,000 USD, $20,000 USD and also $30,000 USD it';s possible huge objective.
Now, if you see in medium term, we have the $3,000 USD, $4,000 USD and $5,000 USD for the Ethereum price. That it's in weekly timeframe and I have these targets that we can to see around o this next bullish movement on Ethereum, but obviously we are approaching to $2,000 USD.
Guys, if you like this idea and you found out good contents in my Ethereum macro-analysis. I invite you to share this analysis with others traders, Ethereum enthusiastic and people who want to know the Ethereum trend, and the rest o crytpo-community.
Wedge Breakout Will Determine DirectionGold broke a range it held a few days, but needs to fill a wedge to determine its true direction. If bullish, I'm going to ride her as far as the daily level area to 1910.90. If it breaks for the bear, I'm going to swing it all the way down to the monthly area around 1769.11. This is the time of year where gold prepares for a swing trade. So I'm anxious to see where we'll go this week.
BULL TPs:
• 1877.19
• 1899.79
• 1910.90
BEAR TPs:
• 1843.04
• 1829.20
• 1819.96
• 1801.80
• Stretch TPs:
• 1779.78
• 1769.11
We Are Either Range Trading or Breakout Trading This WeekThis pair looks to be getting ready for a major breakout. The question is where? Consolidation is trapped between the weekly 078231 area and the daily 0.76424 area. It looks like it will continue down, but with it sitting on the daily, it can easily bounce back up and stay in the range until a breakout happens.
I've marked the chart in case to trade the range to the weekly and to enjoy a bearish move if it breaks the daily levels. For now, this is a wait and see.
BEAR TPs:
• 0.75925
• 0.75118
• 0.74529
• 0.74037
BULL TPs:
• 0.76644
• 0.77548
• 0.77797
• 0.78231
Are These Engulfing Candles Telling Us The Bulls Are Back?It is the week of retesting bullish engulfing candles. There is a bullish engulfing retest that happened last week which could signal the return of the bulls.
Another confirmation is the bullish engulfing that formed on the daily chart Friday, March 5th.
Could see a retest of the engulfing before going up since a higher low is due on the 4hr. If the retest fails, price could send us back down to the 3785.9 daily area before trying again.
The test will be if it can pass the monthly 3867.3 area this week to continue the bull rally or not. Let's find out.
BULL TPS:
• 3867.3
• 3894.2
• 3930.8
BEAR TPS:
• 3823.5
• 3790.0.
• 3755.6
• 3730.6
Ethereum Dominance (Overview): It's strenghten!!!It's the first time that I analyze the Ethereum dominance. But I consider that this indicator it's hide information very important that people don't know as data analytics. I'm enfocous more in weekly timeframe and we see that Ethereum Dominance it's bullish. That mean that the Ethereum trend it's bullish in the price. For that, as Ethereum strenghten, we can to see in the next months a grow up of the Bitcoin ratio too. For that, the importance to know this hide information it's very relevant to understand what Ethereum do and maybe others crytpocurrency.
Now, the dominance historic was around of 30%, the Ethereum dominance it's around of 12.40%, and it's grow up!!! And that it's my prediction for the Ethereum dominance throughout of the time.
Guys, if you find up that this idea it's sound interesting, you can to share this analysis with others crytpocurrency traders to have a perspective in Ethereum!!!
BTTUSDT Bull Flag ~ Weekly ChartBTT Bull flag pennant & cup and handle in play. Do not have to tell you how bullish this is!
Amazing returns ahead for mid term hold
POTENTIAL SELL ON GBPUSD - HEAD AND SHOULDER PATTERN Similar to my previous analysis on EURUSD which has nearly reached its profit target, this analysis too is based on multiple time frames. On the weekly chart there is a rejection off a strong yearly price area, and on the daily a hammer candle seems to be forming. On the 4 hour time frame there is a clear H&S pattern. The reason why the potential profit is very large compared to the risk, is because usually H&S patterns go the distance of the head of the pattern. If one was to enter this trade, I would recommend only entering after a retest and rejection of the H&S pattern to definitely confirm this is a valid H&S pattern. I have also shown how I think this trade could look.
*NOT FINANCIAL ADVISE, MERELY AN OPINION*
RSI Bearish divergence + Bearish Engulfing on weekly TFBearish divergence
As we can see here there is a RSI bearish divergence (also in Daily TF) but as we know 1H and 4H TF have bullish divergence , in weekly BTC is not promising
Bearish Engulfing
We had such a this engulfing candle in Late 2017 20K which leaded BTC to 3K , now we can see a massive bearish engulfing candle that will close in 11 hours and its absolutely not a good sign for bitcoin.
In case of closing this weekly candle as an engulfing one we can expect BTC to reach 12K or 8K (in very low case )
What you think about this situation ?
leave your opinion on comment it can help me and many others to take more profit from this monster