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Multiple Time Frame Analysis

S&P Weekly RecapLast week saw significant moves in the S&P 500 , with Thursday’s open revealing a sharp gap down that quickly intensified into a strong sell-off. This correction unfolded despite strong earnings from “Big Tech” and was likely driven by weakness in key economic indicators, such as GDP growth and Non-Farm Payrolls, combined with uncertainty surrounding the upcoming U.S. elections. Still, the broader weekly uptrend remains intact for now, as long as the index holds above key levels. One area to watch closely is the 566.6 support, which has been tested by recent volatility. There’s no guarantee that this level will hold if selling pressure continues, so it’s a crucial line to monitor. That said, the general uptrend is considered safe above 538 , which is the major weekly low. Another significant level to watch is 561.5 , the Value Area High (VAH) of the recent weekly consolidation zone. An interesting signal was the elevated call/put ratio on Friday. This uptick suggests that, despite the sell-off, bullish sentiment remains alive, with many viewing the dip as an opportunity. The continued strength of the XLC sector further reflects this optimism, as it managed to hold firm even through the broader index’s pullback. Considering all the above, the long-term market outlook remains bullish. Key levels to watch in the coming days are 566.6 for immediate support, 561.5 as an important pivot point, and the weekly major low at 538 . Next week is packed with high-impact events, including the U.S. elections and the Federal Reserve’s interest rate decision . Both are likely to drive heightened volatility and could serve as key catalysts for market direction.
AMEX:SPYLong
by hermes_trisme
Origin Protocol (OGN) to $3On the above 3-day chart price action has corrected 98% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Support and resistance. (Orange circles). Look left. Price action confirms support on past resistance, which is also legacy support. 4) Strong positive divergence between price action and the oscillators. 5) The falling wedge is a reliable chart pattern for forecasting future targets. A measured move from the lowest to the highest touch points (blue circles) inside the wedge is taken to forecast future price action. From the breakout point the target is $3. 6) Has a USD-BTC score of 35-21. Some of you know what this means, some of you don’t! Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk: <= 6% Timeframe for long: Yesterday Return: 20-30x depending on entry
Long
by without_worries
83
Bitcoin - How will Bitcoin react to the results of the election?Bitcoin is located between the EMA50 and EMA200 in the 4H timeframe and is trading in its ascending channel. Risk on sentiment in the US stock market or investing in Bitcoin ETF funds will lead to its continued upward movement. We will look for Bitcoin resale positions within the specified supply zone. Capital withdrawals from Bitcoin ETFs or risk OFF sentiment in the US stock market will pave the way for Bitcoin to decline. Bitcoin buying positions can be looked for in the two specified demand zones. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important New surveys by “ABC News/Ipsos” indicate a close race between Kamala Harris and Donald Trump as the 2024 U.S. election approaches. These surveys reveal that 74% of voters are dissatisfied with the state of the country and also discontent with the current presidential candidates. Harris is slightly ahead with 49% support compared to Trump’s 46%. In the final days, Harris’s campaign has been more active in connecting with voters, gaining more support among Latinos, African Americans, and young women, whereas Trump holds greater support among white men and those without a college degree. Donald Trump, the Republican candidate, has not only positioned himself as a pro-crypto figure but his tariff-raising policies could lead to inflation and increased geopolitical tensions. Trump, who previously opposed cryptocurrencies, has shifted to strong support for the industry this year. Decrypt previously reported that Trump aims to have all Bitcoin mining conducted in the U.S. and has launched a decentralized finance (DeFi) project running on Ethereum, with plans to issue his own stablecoin. On the other hand, MicroStrategy, led by Michael Saylor, announced plans to raise $42 billion over the next three years to buy more Bitcoin. The company’s “21/21 Plan” aims to gather $21 billion through equity and $21 billion through debt. The company has stated that this additional capital will be used to acquire more Bitcoin as a treasury asset. Their latest purchase in mid-September added 7,420 Bitcoin valued at $458.2 million, bringing their total holdings to 252,220 Bitcoin. Performance of ETFs with the highest trading volume on Friday: Total: - GETTEX:55M BlackRock: $0M Fidelity: - GETTEX:26M Grayscale: -$5M Bitcoin mining revenue and profit fell for the fourth consecutive month in October. JPMorgan reported that the average weekly hashrate of the Bitcoin network reached a record high. The bank estimated that Bitcoin miners earned an average of $41,800 per exahash per second, a 1% decrease from September. Additionally, daily gross profit reached a new low. Bitcoin mining difficulty hit an all-time high in October; however, transaction fees significantly increased, reaching 60% of the block reward by the end of the month. The monthly hashrate for the Bitcoin network increased to 702 EH/s in October, 9% higher than the previous month. The latest update of the crypto market’s Fear and Greed Index shows that it remains in the greed zone, although it dropped by 4 points compared to the previous day.
COINBASE:BTCUSDShort
by Ali_PSND
XAU/USD 04 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As noted in my analysis dated 01 November 2024, I mentioned that I would confirm internal structure if the price reached the premium of the 50% EQ of the internal range. Price has now achieved this, confirming the internal structure. Although price has made attempts to target the weak internal low, it has not yet succeeded. Intraday Expectation: Price is expected to continue targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
BTC.D Keep calm, don't lose your headThe market will do what it always does—play with our emotions. We're all eagerly anticipating an altseason, right? But the market will test everyone’s patience, so it's wiser to stick with spot purchases and use DCA (Dollar Cost Averaging) for entry. Don’t give up, and above all, don’t sell now—you’ve weathered a tough bear market. Dominance is set to decline, just as it has in previous cycles within these Fibonacci parameters. Stay calm, keep your emotions in check, and remember: patience and strategy are key.
CRYPTOCAP:BTC.D
by Jaytradermb
EURUSD. Selling opportunitiesHello traders and investors! A detailed analysis of the currency pair can be found in the related post. A price drop to the 1.06011 level was expected. Weekly Timeframe Analysis On the weekly timeframe, the buyer's vector 7-8 is developing within the range. There was an attempt to resume buying from the buyer’s zone (green rectangle on the chart). The buyer’s bar with increased volume did not bring any results for the buyer: the bar’s closing price is within the seller’s bar with lower volume. Daily Timeframe Analysis On the daily timeframe, there was a manipulation of the level marking the beginning of the seller’s last impulse: a false breakout of the 1.08718 level aimed at gathering liquidity, followed by the price returning below the level. The buyer’s attack bar on this level has the highest volume among all buyer bars. The seller pushed the price back below the level, and a seller's zone was formed (red rectangle on the chart). Summary On the weekly timeframe, the buyer with increased volume failed to show results. On the daily timeframe, there was a manipulation of the seller's last impulse level. Priority: sales. Potential targets on the daily timeframe: 1.07821, 1.07612.
by AlexeyWolf