Bitcoin - Upcoming rejection from the 2021 Yearly POC?(The Volume Profiles Yearly POC is an important level for Bitcoin trading that you should look into .)
Bitcoin made a nice upwards move after successfully retesting the Yearly POC from 2022.
Our indicators are not heavily overbought yet so there's still room for some more upwards price action .
If Bitcoin manages to take out the high at 32.5k this would trigger a lot of stop losses , which is why I think there's a high probability that we're going to see BTC take out this level.
After this high a possible price point where Bitcoin then might get rejected is the 2021 Yearly POC .
Make sure to do your own research, this is no trading advice.
Forecasts and forward-looking statements always involve risks and uncertainties.
Yearlylevels
We are looking at a range bound USDJPYFor now we are looking at an efficient market this means a rage is formed as buyers and sells have agreed on the current pricing of the USDJPY.
We are looking for the next risk factor that will have the market value USD higher than it does JPY.
To the Robinhood Trading Community this means:
For us we continue to look at the USDJPY with a bullish bias even if it drops the upward trend wont be broken here unless we move lower than the previous price the market agreed upon between 137.5 and 131.5.
We continue to distribute trades that have been on our books since June 2022 and we take profits on trades that have reached above and beyond our 625 pip TPs while using this time of market efficiency to load up on new bullish trades at the lows of the range.
T. Rowe Finds Support on the Yearly Base LineJust an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the 5-year moving average. Caution though: the yearly oscillators are indeterminate and it is very possible that the price could drop back down and try to test the 10-year moving average ($100) before the close of the year. Does anyone have strong thoughts about TROW?
Not financial advice.
BTC CAMARILLA PIVOT YEARLY LEVELSearlier in january I posted a trade idea at yearly L3 saying we might be in for a move up to yearly H3.
we got that bounce are now facing yearly central pivot.
From here I expect a retrace and daily cool off to new incoming monthly pivot around (yet not confirmed until monthly close) of about 44 to 45k.
from there as long as we find support on our daily correction the typical way to trade camarilla would be to aim for the H3 from the L3. this is larger time view.
BTC near future retrace and upBTC has a newly monthy pivot coming in at around 44.5. every monthly pivot has been tested on bitcoin the last 60 or more pivots excluding only two. This is also the camarilla L3 and weekly pivot region. so it is possible it happens prior to monthly close. it might pop a little more and raise where the retaces comes in at to our current level now also. however my oscillation setup says a correction or range likely. primarily on daily
following that retest. if and only if it holds after being tested. we might see it reach around 57 to 58k which is our camarilla H3 yearly level. notice we are coming from the yearly L3 which would make this the logical target. I will provide links to that one below.
stay patient and remember the bigger picture. This analysis was done using camarilla pivot points monthly levels with yearly levels in mind
eurgbp buy. longhello guys
This is a EurGbp buy trade. As you can see the wedge is very difficult to identify. And price as a strong reaction on it as a support or resistance.
Now, i've identified the embedded channel within it so we can easily mark out the actually wedge line. This is a trade that requires patient to hit tp (if youre swinging it), anyways, I assume price will be aggressive towards the up side from this moment since its resting on a support of the wedge since around April 2021.
Nice risk to reward as well!!
Good luck. Trade is active now. SL 0.82960
TP: 0.84800
USD/CAD Technical Analysis, WTI CAD Fundamental OverviewUSDCAD has reached a 1 year high @1.2965. Breaking through the 1.2960 resistance could lead USDCAD to push towards 1.3020.
Canada Core Retail Sales came out under expectations (1.3% vs 1.6%), reinforcing with fundamentals the technical analysis.
Omicron is now the dominant COVID strain in US, with new cases soaring in Canada as well. Tighter measures have been put in place on Monday, as Quebec shuts down schools, bars, gyms.
WTI price is still under pressure despite the recent rebound, likely a reaction to the new wave of omicron virus is hitting US and Europe, with the new restrictions from countries (still not in place in certain large markets, but are being studied) may reduce the demand of WTI and put heavy pressure on its price.
CAD is one of the major commodity currencies which is highly correlated with WTI’s price, so lower price on WTI will push USDCAD trend to go higher as weaker CAD is expected.
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The Line in The SandWell this was an eventful week. Politics aside ES has sold off now 5 days in a row and sits right on top of the +1.5 std deviation of the yearly vwap.
Obviously I am leaning for towards a technical bounce before more selling but just in case we don't I am eyeing the 4341.50-4371.50 yellow area for a larger bounce. As time goes on that +1 std deviation will move up into that area as well.
If we get upside here I would look to the half back of this sell off which is funny enough around 4500.
Looking forward to seeing what happens here into the end of the year!
BITCOIN. Yearly CAM. road to 100-200k? Cycle comparisonThis chart takes the 2015 - 2018 and compares it to 2020-2023
Camarilla levels from daily up to yearly. use previous time frames prices action and plot next levels on the first of the years.
(Example last 2020 Jan 1st. It plotted H3 and L3 (top and then bottom during covid scare) which is interested because on Camarilla pivots . H3 to L3 is just the projected range from the algos. I guess it is a good thing we had some fud to "explain them". How though.... did on January first. 2020.... did camarilla plot the H5 which was the breakout upside target... that got hit exactly on the last day of the year. Even though it was plotted 365 days earlier during supposed bear covid times.
I am not here to convince you that the precedence of algos in the markets being more meaningful than institutions. However, These levels and their practice still get plays, reactions, and reached.
Where are we now? We finished last year at H5... had a retrace after the yearly close. and to my surprise. We broke up and OVER the new yearly H4. Generally, in camarilla levels, that means to aim for the breakout target H5... which is waaaay up there. 200+K
SO I sat down. I looked at all these yearly levels. and looked at the last time this series of bullish after the bullish event has happened based on the self plotting levels the camarilla system has come up with for the yearly levels.
I was very shocked to find myself considering (where before I compared this year to 2017/2018) but I now am considering that we are actually in 2016. of a cycle. that will potentially see 110k this year and perhaps 200+ in 2023. That is if the habits and levels operate and the exponential growth factors turn out to be real.
not trolling. I myself and normally a bear at heart. Actually, there is cause to be nervous despite those targets because of how price operates on these Red levels which I made a not of.
Take a look. Take a read. Pay close attention to the price. its relationship with the levels. and the order of events. (like looking in a mirror if you can wrap your mind outgoing pivot by pivot and get bogged down with price considerations) from 2015 and early 2016.. and 2020 and early 2021 so far. I hope you enjoy the thought. good luck
AUDUSD Approaching the 2019 High: Will It Find Resistance?The AUDUSD is quickly approaching the 2019 High: Will It Find Resistance?
We have seen a strong bull market in recent months for the AUD, spurred by foreign investment in Australian bonds. As the Aussie reaches towards the 2019 high it raises the question: will the Aussie finally find resistance?