The Leap Week 2Gold Swing Zone set.
But price action determines trades
Currently sitting @ 5879: www.tradingview.com
Weeklylevels
GBPUSD I FOMC trading plan and levels to watch Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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06/02/23 Weekly outlookLast weeks high: $24279
Last weeks low: $23381
Midpoint: $22482.5
More of the same consolidation and choppiness last week as the week previous, with FOMC propelling BTC to a high of 24.4k, still short of where I feel like most people have their shorts positioned around 25k waiting for a swing fail. It would not surprise me if we saw a local high for a little while and BTC drops to the 21.5k range before any further leg up.
With a large FVG just under the 22.3k area looking to be filled, this is where I'm looking to do business.
Short from current level and long from 21.5
BTC weekly camarilla. all possibilitiesif we are to range you would wanna see a bounce from this L3/4 area up to at least retest H3 area. if we break L4 or H4 more than likely gonna see a big move down or up. linear regression channel on the 4hour is sideways exactly. oascillation is low... but not so low as that it could not go lower. lets see
BTC camarilla weekly pivotsorange path anticipated ranging behavior.
green path is bullish breakout
red path is bearish breakout
BTC weekly camarila levelsBetween H3 and L3 we have a ranging price. under L4 or above H4 we can targets breakouts to levels 5 and 6 with stop at corresponding sides 3 of whichever way it breaks
Support and resistance levels for Bitcoin 17 May 2022
BYBIT:BTCUSD These are the most Current Daily, Weekly and Monthly Levels for Bitcoin .
**feel free to copy this chart for your own use**
Support and resistance Definition (quoted from Investopedia.com)
The concepts of trading level support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis . Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.
At first, the explanation and idea behind identifying these levels seem easy, but as you'll find out, support and resistance can come in various forms, and the concept is more difficult to master than it first appears.
Key Takeaways
Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend.
Support occurs where a downtrend is expected to pause due to a concentration of demand.
Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Support and resistance areas can be identified on charts using trendlines and moving averages.
(end of quote)
Trading based on these levels, I would suggest entering trades based on a sign of strength (Long) or weakness (short) at these levels.
Never use Levels on their own, but enter trades based on confluence - i.e. Chart patterns, order flow, indicators, market structure
BTC potential long setup. Higher riskIts a clear area to manage risk from. if price breaks L4 with any significant close I would wait for mid 30s. However if it holds L3 could target H3 for first target and hope for above. If short from H3 could take some profit and move stoo to entry.
analysis done on camarilla weeky pivot points
BTC bitcoin. what comes next? setupsif we reject here at H3 target could be L3 with stoploss at H4. if we break H4 or L4 target would be corresponding H5 or L5 with stop on its corresponding H3 or L3 pivot below or above
Major Pairs Key Levels: Nov.22 - Nov.26Hi everyone,
Hope you have enjoyed the weekend.
Every week, I mark weekly levels for each currency pair to see how price reacts to them.
As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice)
Why are these levels important to us?
Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important:
(Lows act like support and Highs act like resistance).
So, take a note for yourself and apply them on your chart to have an efficient setup for key levels.
Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
BTC a bear possibilityUnless btc breaks both the monthly H3 and H4 level on these camarilla pivots. I can see how its possible we still msy test the monthly pivot and L3 level. which is also the mid area of the weekly linear regression channel. I could continue upward. However if it does not should take care
Major Pairs Key Levels (Nov15 - Nov19)Hi everyone,
Hope you have enjoyed the weekend.
Every week, I mark weekly levels for each currency pair to see how price reacts to them.
As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice)
Why are these levels important to us?
Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important:
(Lows act like support and Highs act like resistance).
So, take a note for yourself and apply them on your chart to have an efficient setup for key levels.
Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
Weekly EUR/USD analysisIn this weekly post EUR / USD, we analyze the most popular currency pairs or Euros against US Dollars
Fundamental analysis
Late last week, there was good news for the US dollar, which helped boost the dollar, and we saw a sharp drop in currency pairs to the right of the US dollar.
For example, the PMI release was higher than expected. The US Federal Reserve and Treasury also announced that they are working to control inflation and unemployment and prepare the country for the post-coronavirus situation.
On the other hand, there was no good news in Europe. For example, the unemployment rate in Germany was higher than expected
Impact of Bitcoin
The US Treasury Department has also officially announced that it will not be like China and will not ban cryptocurrency transactions.
This has led to a sudden rise in the price of bitcoin and encouraged investors to trade more confidently in the country.
New week
In the new week, ADP Non-Farm Employment Change
and unemployment rates are the most important news.
Fundamental prediction
The Forex site predicts employment growth and declining unemployment in the United States, which is a positive signal for the dollar to rise and EUR / USD to fall.
The site also predicts that European PPIs could decline, which is a signal for the chart to decline.
Increase or decrease
However, with the closure of US banks on Monday as well as OPEC meetings, we expect the euro to experience short-term growth. This growth will be close to the previous floor, ie the range 1.66 to 1.69
Signal
If the price exceeds the said range, this week's analysis will be incorrect, otherwise the price will fall to 1.15 and even 1.42 is not unexpected
The first trades of the week will be SHORT at the end of the week if the BUY trend is bullish.
BTC bitcoin. Two potential reversal points to look out forthese are camarilla pivots weekly and monthly levels. H3 level indicates potential downward reversal level. It may not be full reversal for a long time. but more often than not at least to the other side of its range
potential btc long setupEntry on L3 bounce or if lost entry on reclaiming it. stop loss around or under l4. Target H3 and above.
Camarilla pivots weekly levels
Link chainlink monthly/weekly camarillaWith a tight stop loss on the weekly L4 it is possibly link maybe have some mean reversion upward based on a combination of camarilla weeky and monthly pivot points levels. Would want to see it maintain and have a reaction from the L3 levels.
also oscillation is low. A tight stop is potentially a good setup for this historically bullish asset
watch out for weekly closing pivot testupon the weekly close we may see at least a couple thousand drop to test new weekly pivot as we normally get the test. is might come from around these levels or wherever that developing h3 pivot comes in upon the closure
BTC weekly camarilla pivots and rangewe got a test of new pivot on weekly levels as we normally do when opening far from it. the question is do we visit anticipated range of L3 or H3 first. very often the first one visited is a fakeout and ranges to other side lets see.
xrp weekly retrace short swingentry on daily H3 Camarilla pivot. target developing weekly central pivot level. stop at daily H4 or above developing H3 for weekly levels
if only bullish can wait for retrace and enter on the pivot retracment
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.
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BTC bitcoin reversal and breakout pointsdid it quickly on mobile. be careful of reversals intraday and intraweek at the H3 spots. the targets for those are L3 or lower with stops at H4. the breakout points are,the daily and,weekly H4 break and retests. with stops at H3. targets H5 and H6. camarilla,pivots and the,CPR
FTM weekly swing scalp reversiontes ago
Camarilla pivots and CPR on weekly levels. It will likely test the developing purple pivot around weekly close. Because carful if targeting there instead of simply selling because todays price action could alter it to retrace from lower point. average in method might be safer. Also if bearish can wait for weekly close and sell when it tests the new weekly pivot as it likely will.
Luna swng short or buy spotCamarilla pivots and CPR on weekly levels. It will likely test the developing purple pivot around weekly close. Because carful if targeting there instead of simply buying because todays price action could alter it to retrace from higher point. average in method might be safer. Also if bullish can wait for weekly close and buy when it tests the new weekly pivot as it likely will.
