Macro bullish - but a couple weeks of slow grindIt looks like we're about to close this week with a HL, which is macro bullish. But reminds me a lot of the may crash. We put in a HL, then grinded down for the next few weeks, until we finally hit support after wicking to 29k. This is where everyone was screaming bear market. If I had to guess, we grind down to as low as 37k, where everyone will once again be screaming bear market, before pumping up. As long as these are just wicks, and we don't get any weekly closes below 42k, I remain macro bullish. Remember, on the bright side during the May-June weekly grind down, this is when NFTs were popping off. My theory? Find a narrative and play it. Keep in mind you'll have to find undervalued coins with this narrative. Current narrative I'm looking at is L2's and Metaverse (Infrastructure, not P2E games). Probably 2 months of grind down (if I'm correct) and then a pop off late Q1-early Q2 of 2022.
Weeklymarketsanalysis
Bitcoin weekly chart seems btc still in bullish in long term!!Technical Analysis: Bitcoin (Weekly chart)
In weekly time frame, btc could not sustain on all time Hight breakout and seems rejection. btc make an ascending tringle and its playout very well, btc now down at lower support and try to rebuild another leg upside and RSI also making bearish Divergence which playout right now as well as retested the pervious trend line !!
if btc weekly closed above the both MA's( 21 and 50 MA) and regain psycho level 50k the it will ready to next upside move around 70 to 80k and it could fail to regain from here then only hope is 28k level to save bull market otherwise we will enter the multiyear bear market, so hope for the best but prepper for the Worst!!
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When there is panic, use the weeklyThe Nasdaq100 has been strong, and its trend is still bullish; however, short term we might see some more selling to test the bottom of the channel.
It's a great exercise on any chart to use maybe 1 or 2 moving averages as use a weekly candlestick chart to see the bigger picture.
Major Pairs Key Levels (Nov.29 - Dec.3)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)
I have a bearish bias for US Dollar this week and I think we might see a weakness on it against the other currencies.
GBPUSD Analysis - It will head upward Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
**
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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XAUUSD Weekly Analysis Nov 29 - Dec 5So We saw a very strong movement on gold this last week. And once gold reached 1780 price, it has started to pullback since then.
By just looking at the last strong impulsive movement to the down, there is a high probability that we will be seeing some correction movement in this upcoming week, there will be some buyers towards the price of 1840 (very likely to go there) and then we might find a trade opportunity to scale few hundred pips from a single trade.
Potential targets:
First Take profit should be 1780 price levels where market developed a support level this week. And if market crosses that level and go below.
TP 2 will be 1760 price levels
TP 3 will be 1725 price level if we break below 1760
Weekly outlook for Major Forex Pairs Hi there!
This is my own view on for the upcoming week for most of the major pairs.
DXY looks bearish, so im looking to short USD and bullish on other pairs.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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)
ETH WEEKLY OUTLOOK TREND ANALYSIS🦏Ethereum never broke our weekly lows.
This always means were still in a uptrend, after that we came all the way back and even made a little downtrend but never broke the low.
From that pricepoint buyers have woken up and broke the weekly ATH structure.
From that point we start to make a weak bearish pullback and in the bullish reversal of the pullback.
We then see a doji candle which means that we do not know where to go, after that candle we got a nice bullish candle what was the start of an NEW ATH.
I am know waiting for a pullback to the doji area to go LONG.
Major Pairs Key Levels (Nov.8 - Nov.12)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 outlook for Minor Forex Pairs Hi there!
Here you can see my own view on some minor forex Pairs such as GBPAUD EURAUD AUDJPY CADJPY GBPJPY.
I use a mix of traditional way of trading with smart money concepts.
Please like the video if u like and comment below any suggestions for improvement and share with your friends. This will give me motivation to continue giving a value to people.
This is just my view not a financial advice or call to actions. Before taking a trades please make your own analysis.
Weekly outlook for Major Forex Pairs Hi there!
This is my outlook on Major forex pairs.
Please give some love, press a like and share it if it gives a value to you. Your response on comments will be motivation for me to keep doing such outlooks.
This is not financial advice, this is just my own view. Please make analysis before taking any actions. Trading might involve a risk of loosing your capital.
Cup and Handle on #ETHCup and Handle Pattern on $ETH and broke out the resistance area and the last thing that price retested the resistance and now its a confirmed support.
Its on weekly chart and invest if you can wait patiently.
Note: #Do your own due diligence exercise
#NFA
Also placed a #pin_note on my first TAs TP.
Seniors please have a look.
EURUSD Perfect Entries, Low Risk High reward, Simple tradingSimple trading ideas and rules that work, It doesn't have to get complicated.
ICT OTE 3 opportunities in this weeks movements, 3 Trades that after establishing the OTE of a HTF move could have simply been left on order.
Very little "live time" in the market needed to obtain the rewards of these 3 trades this week.
Find the successful trade set up, Study it, Repeat, Investigate, show yourself its been happening for months over, Then study the how and why of the pattern trend or action.
Key things to find out are
does this set up occur (can you make money using this technique) WHAT IS HAPPENING
what is the story behind the engineering of price in this manner? WHERE IS PRICE BEING TAKEN AND WHY
For example in this example you can clearly see price being manipulated out of a channel to reach for
higher time frame liquidity which would have had many stop losses tagged out, Price returns to the Order block, Snatches liquidity which creates momentum for the continuation.
does a low risk high reward opportunity present itself AT THE RIGHT TIME (for OTE this is within London and NY)
are the targets logical? HAS PRICE BEEN TO YOUR TARGET BEFORE? WHAT HAPPENS WHEN IT GETS THERE? for example - (has this price been a spike in volume previously, or does price dance around and range in this area?) HTF TREND IN FAVOUR? LIQUIDITY POCKETS IN THIS AREA THAT NEED TO BE COLLECTED TO CONTINUE THE HTF BIAS?
Long story short.
Find your method
study the why
then study your pair! its not all about the technique, If trading is 90 percent phycology then the study of the actual pair, that brings the same traders and characteristics has to be advantageous. This is the why!
One market and one method can replace a job, Believe that.
Major Pairs Key Levels (Oct25 - Oct29)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)
what next 50k or 70k? RSI Testing the breakout resistance!!Technical analysis:
Welcome to this quick update everyone,
The #Bitcoin Daily RSI has been on of the best indicators through this year & entire bull run
The price of Bitcoin has followed every bounce or break of the RSI resistance/support
Bitcoin is currently using old RSI resistance as new support
If it holds, expect a big bounce!
BTC made a new ATH of $67k after which it showed some correction reaching the support levels we mentioned in our previous update.
Currently, BTC is holding a strong support between $60k to $61k and if it bounce from this level then we can expect a 10% to 15% rally that will lead the price to a new ATH $70k.
A break down on the other hand will not be a good sign for BTC. If BTC breaks this support level 1 then the next support level will be the support level 2 ($53k to $54k).
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Be sure to leave a comment; let me know how you see this opportunity and forecast.
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1810 Wkly Outlook, GOLD still bearish to us to 1680Hello traders,
This is not a set up plan. Wkly outlook, gold is till my option to sell.
The channel is broken on 4h chart, ABC wave could finish A at the green dash support line.
B is where we should wait for signal to sell.
Good luck on this plan to follow wkly trend that still bearish to us.
LESS IS MORE!
BTC 100k on mark, breakout confirmation done in weekly chart!!Technical analysis: #Bitcoin (weekly update)
. BTCUSDT is breakout confirmation done as well as trading above the both MA's (21 & 50-
Day MA), and the beginning of parabolic uptrend is expected.
. The RSI is also breakout its downtrend.
. little pullback could happen around 57k after that 100k is on mark!!
. death cross not happen that's means bulls are in full control the market.
Take Profits:
TP1= @ 78650
TP2= @ 98360
SL= below 55k usdt on daily closed bases
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Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#bitcoin #crypto #nextmove #bullmarket #weeklyclosed
Major Pullback Due From Monthly Zonehis pair is due for a major pullback right about now. Looking for this to pullback to the daily zone at 1.45811 or to 1.46638 lower low zone.
If the monthly doesn't test as support for the pullback, I'll look to hit the weekly zone area of 1.40569
BULL TPS:
• 1.43192
• 1.43955
• 1.44653
• 1.45718
BEAR TPS:
• 1.42745
• 1.42010
• 1.41566
• 1.41038
• 1.40569
Major Pullback Due To Determine Bull ContinuationWe passed the monthly zone area of 156.552, but never retested the break of the zone. So it may test the monthly zone as support. If it fails as support, then price will push through to find its higher low at the daily zone of 154.859 or further down at the weekly zone around 152.594.
I haven't made the 4-hour zones yet to have all my Bull TPs. I'll add them and update it in the comments as a record.
BEAR TPS:
• 155.383
• 155.800 (If monthly fails as support)
• 155.041
• 154.258
• 153.473
• 152.704
BULL TPS:
• 158.552
• 160.007