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Projection

BTC potential breakout supported by BTC/USD+ETH/BTC price actionOn the 1D chart, BTC/USD recently broke out of a descending wedge (bullish), re-broke above resistance from the trend line formed by 2019-2020 highs (and found support exactly on this trend line two days in a row), broke above the middle band of the Bollinger Band, the MACD has been below 0 for a decent amount of time and is approaching 0 (nearing a cross), and the RSI recently broke out of a descending wedge (bullish). Also, BTC/USD is consolidating within an ascending triangle (bullish). A breakout to the upside of this triangle is therefore more likely than to the downside (given the nature of the pattern and all the additional factors that support this hypothesis). A breakout of this ascending triangle will most likely be met with major resistance at ~$11K where the long term resistance formed by connecting the ATH and the 2019 high and some resistance at ~$10.5K (previous longer term high). Speculating what happens when this resistance is met is not the focus of this idea though, and I do not believe that there is enough information yet to point to a probable short term outcome. Additionally, this seems to be supported by price action on the ETH/BTC pair. As Ethereum's gains today have allowed it to break out of a symmetrical triangle on the ETH/USD pair while BTC continues to consolidate, ETH is now pushing on the resistance of a symmetrical triangle in the ETH/BTC pair. However, ETH's 4H MACD and RSI seem to signal overbought conditions in the short run. (There still appears to be room for growth in the medium run as daily MACD just crossed above 0 and RSI recently broke out of a descending trend) (Insight into the ETH projection visible on the above charts is available in another of my ideas available here . Given that ETH is at a critical resistance zone against BTC, if ETH were to break out of this pattern, it would likely result in a retest of previous resistance for support (especially considering overbought conditions in the short run). If it were to not break out of this pattern yet, ETH/BTC is likely to drop. In either case, unless ETH reverses its gains for today, this would imply that BTC/USD is likely soon to rise since ETH/BTC is likely to drop soon. Therefore we may expect a potential short term rise in BTC/USD given the action on such chart and the action on ETH/BTC chart.
BITSTAMP:BTCUSDLong
by usubzero
3
BITCOIN LONG Elliot Grand SuperCycle Wave 3 Underway.As the title suggests, we have now begun wave 1 of wave 3 of the Grand Super Cycle time frame since the inception of Bitcoin. The drop from 20k to 3 k was a 3 wave WXY complex zig -zag correction. We have now seen wave 1 and wave 2 of wave 3 of the grand super cycle time frame complete. Wave 1 was the impulsive 5 wave move from 3k to 14k. The 5 wave nature of that move invalidates other less knowledgeable elliot wave analysts claiming another drop in some kind of zig zag. That is impossible when you consider the structure of these waves. (IE, the drop from 20k to 3 k was a 3 wave move as seen here, not a 5, therefore, not a zig-zag.)
COINBASE:BTCUSDLong
by thatsblatzphemy
Bullish trend to continueMonthly and weekly R4 roof (last week) breakouts. Last week´s R4 breakout continue the next week usually. Price pulled back to weekly pivot (as it usually does) and hit weekly reversal level S3. DM breakout projection (using daily chart ) sends price to weekly R5. PS Gold is a class of its own. It trends differently from other commodities ( oil , copper ). Huge demand for gold in times of covid crisis. I would not expect any big bearish sell offs now. ---------- For educational purposes only.
OANDA:XAUUSDLong
by ICFX
1
VIX A.K.A. "Fear Index" Future Projection AnalysisCBOE:VIX Why April 23rd and 24th will induce or reduce fear in the market. Checking the United States economic calendar will be clues to the direction of fear in the markets: April 23:: 1) Jobless Claims (Huge deal!) 2) Manufacturing PMI: "A higher than expected reading should be taken as positive/bullish for the USD while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: 49.2 3) Services PMI: "A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD." Forecast: 39.1 Hopefully its higher. 4) New Home Sales (March): "A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: 750K April 24th:: 1) Core Durable Goods Orders (Ex Transportation): "A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD." Forecast: -6.0% *Good thing this reading excludes aircraft orders* 2) Core Durable oods Orders (w/transportation): Forecast: -0.8% 3) Michian Consumer Expectations: A.K.A. Michigan sentiment index. "A higher than expected number should be taken as positive to the USD, while a lower than expected number as negative. Forecast: 68.0 4) And other indicators too many to list, notably oil and gold.
CBOE:VIX
by investinfamily
SPX Future Projection Analysis *Future spike detected*TVC:SPX What's happening on the May 1, 2020? Checking the United States Economic calendar. This is what I found that could be the cause of the increase volatility on that day: 1) Core Price PCE Index: Forecast is 1.7%, Previous was 1.8%...May drop further than anticipated. 2) Employment Cost Index: Forecast is 0.7%, Previous was 0.7%..."The Employment Cost Index measures the change in the price businesses and the government pay for civilian labor. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. " ...Will this be 0.8%+? I think so. 3) PCE Price Index..."The PCE price index, also referred to as the PCE deflator, is a United States-wide indicator of the average increase in prices for all domestic personal consumption. The impact on the currency may go both ways, a rise in CPI may lead to a rise in interest rates and a rise in local currency, on the other hand, during recession, a rise in CPI may lead to a deepened recession and therefore a fall in local currency. 4) Personal Spending (Month to Month) Forecast is -6.5%, Previous was 0.2%...Maybe reading will show less than negative forecast. 5) Chicago PMI While these reading can flip the forecast; volatility will increase. So, for all Option holders, check your Vega. If you don't know what Vega is, don't do options until you understand the Greeks.
TVC:SPXLong
by investinfamily
Study of Tom DeMark D-Waves on actual BTC USD price actionI love the fact Tom DeMark gives strict and precise rules on how to determine his indicators and patterns. I have applied his rules for TD D-Waves (his own variation of Elliot Waves) to the actual BTC USD price action. To origin D-Wave 1 you need to have a 21 low bars close (a close less than all twenty prior closes), then the D-Wave is confirmed when you have a 13 high bars close (a close that is higher then all twelve prior closes). The fade and completion of D-Wave 1 will come when you have a 8 low bars close (a close less than all seven prior closes) and this means also that D-Wave 2 is in progress. D-Wave 2 will extend until when the market records a 21 high bars close (a close that is higher then all twenty prior closes), that will confirm too that D-Wave 3 is in progress. Applying those rules to actual chart, we see D-Wave 1 is complete and D-Wave 2 is in progress. Tom DeMark gives this price projection for D-Wave 2: its pullback should ideally be 61.8 percent of the distance traveled between the low close of D-Wave 1 and the high close of D-Wave 2. The theory is giving us a target price around 5.8k before we have the raise by D-Wave 3. Bibliography: "DeMark Indicators" by Jason Perl
BITSTAMP:BTCUSDShort
by UnknownUnicorn4800276
9
EU easy 800 pip short. Follow the chart & count your profits. New to Tradingview but veteran to Forex markets. Follow the charts and I will help spread the wealth. This is a common pattern that the MM love to produce on EURUSD. From this area, most long term level traders would be expecting almost a full retrace back to level 1. However, this will most certainly not get there as the recent stop hunt elucidates their true intentions. From here they will look to move price up to the 1.12642 area. I assume price won't reach this locus until some point after Tuesday because this slight move up will become the pin (trap) for the new monthly bar. The logic behind this slight ascension above recent resistance/fibs will be to stop out any weak shorts who are in correct position, while providing MM with new longs who will be trapped on the wrong side of the imminent descension. After they collected orders and displaced retail traders, price will drop like a rock down to the 1.0350 area. When price reaches the 1.0350 area it will drop even further. I will post a prediction for price flow when it reaches that level. Good luck all. Follow the prediction, stack your chips & don't be long. GoG
by GhostofGrails
24
MSFT: small shorti totally hate to use the weeklies, they're so volatile - but i opened a small short (March 6 160 puts) in an attempt to ride this quick move down. The day's volume and Open Interest on these contracts is crazy. still hoping we touch the $160 tomorrow - and i don't want to hold that position over the weekend. i have no doubt the long awaited correction has started, and not only for MSFT. - the other things is, when inspecting the chart closely, in my view, today's action is more of an attempt to keep the price up to sell into the highest price, more than authentic buying pressure. looking at bar spread vs volume on the 30mins we'll see tomorrow. will update.
NASDAQ:MSFTShort
by RedKTrader
AAPL: (follow-up) yesterday's drop in more detailsfellow traders, here's the zoom-in view (30min bars) of yesterday's session against the short-term projection levels * the last hour of the session had increased selling that started pushing the price down - indicating that sellers may continue to be in control for few more days until the supply / fear / cashing-out is over - so we'll keep watching these projected price levels * if you want to go long AAPL (i do!), i suggest to be patient and wait until there's more favorable winds in the right direction. we're not there yet. AAPL is not going anywhere soon and there will be a lot of opportunities in future - patience will be rewarded :) let me know your thoughts and comments if you find sharing this analysis useful?
NASDAQ:AAPL
by RedKTrader