Bitcoin overview marketDuring these days, Bitcoin made a crash during days as U.S. Federal Reserve made a hike interest rates a signal of tightening the U.S. Dollar in Forex market.
So, I was worrying in the Daily timeframe because broke down the EMA 200. And I suppose a possible bearish movement in Bitcoin price below $30,000 USD. But notice one thing that we're in the demand zone on weekly timeframe and it's important to know how the price action will make reaction in that key zone to watch out.
For example: in weekly timeframe it's look bullish, until doesn't broke down this market structure, we couldn't to confirm a change of trend. But fundamental analysis speak us that U.S. Dollar it's taking strengthening as global currency and more power
But it's important to watch out this key level of supply demand right now
I hope that this idea support you.
So, as I'm bearish in altcoins like Cardano and NEO, that expectative could to point that Bitcoin could to crash more than we expect. I have a clear mind that Bitcoin and cryptocurrencies it's in the bear market.
Weeklymarketsanalysis
BTCUSDT weekly overview update part IIBTCUSDT will reached the key level of 28.7K soon. This is a special point of interest and institutional support. The price action reacting to these area can project a pullback at least 35k. This don't significate the final of this bearmarket. This level coincides with 23.6% of the Fibonacci Retracement from All-Time-High, also called 'peak of Head'. We have a imponent Head and Shoulders to respect. That's a special point to expect a profitable retrace to complete a prior swing of a greater collapse. Let's see.
Waiting on Trendline Support or Fail For MoveThis currency is technically is a very large range, and the war isn't making it get any more steady. Even though my bullish trendline has been very respected, I'm starting to think it may have run out of steam this week.
If my trendline is broken, we'll probably make it back to 38810 zone and even further down to the 34652 zone.
If the trendline is supported, we should make it to 49188 zone for a solid higher high.
Here are the TPs:
BULL:
• 41620.37
• 43660.12
• 46090.47
• 48781.20
BEAR
• 41056.18
• 39797.61
• 38929.63
• 37150.27
• 35804.90
• 34936.92
BTCUSDT Weekly TF, Deep and Simple Analysis* If the drawn support can't be hold by BTC, then for sure it's gonna touch the 10K-19K region on the basis of Head and Shoulder Chart Pattern.
* The dump will be a quick one, and most of the future traders will be liquidated in no time.
* Stay safe and trade safely, BTC is gonna remain bearish for long time, next bull cycle will be in 2024 approximately.
News can ruin the published idea. News have huge effect on the market.
Strategy, Support, Resistance - 5/1/2022 - Weekly Stocks/Crypto Last week was a rough one for all risk classes whether you are in stocks or cryptocurrencies. The market continues to grind to critical levels to break lower. Could this be max despair and therefor a buying opportunity? In this video I look at the patterns and levels I see forming and where opportunity may be.
Audjpy weekly forex analysis with trading strategy for 02-05-22Audjpy weekly forex analysis with trading strategy for 02-05-22
In the recent times, i have been trading more of aussie pairs. from 2 weeks ago, a 100+ pips sell on audusd shared here video
analysis on YT. Last week, audusd and audcad sell analysis which is still doing massively fine. For this coming week, My selected pair from my watchlist is the audjpy for a SHORT.
Fundamentally, in the past week, interest rates from the Bank of Japan (BoJ) was unchanged, on tuesday the 3rd of may, the Reserve bank of Australia will announce interests rate which may affect the Aud as the interest rates is forecasted to be increased. Nonetheless, if the interest rate from the RBA is increased to my forecasted rate of 0.25%, i would still consider a short trade.
Technically, explained in the video analysis, Audjpy was initially in an uptrend printing higher highs and higher lows then followed by a massive rally to the upside signaling the presence of massive institutional 'Buys' pushing audjpy to an overbought level. After the move and watching closely, audjpy, started changing direction on the 4hr timeframe breaking structure to the downside and created unfilled supply zones as shown in the screenshot above. this was after price failed to break a major supply zone above.
Audjpy further printed a SHOOTING STAR candlestick pattern on the weekly chart followed by a bearish week.
After all these, I am considering a high probability sell scenario for the audjpy with an entry strategy shared in the video analysis of this content.
Let's go take some risks, let's go make some money. regards.
Preshus, Millionaire logistics
Strategy, Support, Resistance - 4/24/2022This week we watch for a potential reversal of the selloff in stocks based on VIX reaching a key Resistance. The lows of the year may be tested still. Cryptocurrency still fails to gain bullish momentum as Bitcoin and Ethereum give up supports from the recent rally. Oil may get a bid this week back up to the top of the recent range. Gold and Silver continue to disappoint. BIG EARNINGS coming up this week in Google and Amazon and they have the eyes of the whole market upon them!
pure price action.. rest all depends on sentiments.as we can witness the volatility are again high. uncertainty is again there in the market. all we have to maintain is our risk&reward ratio which is the only holy grail of the stock market. I will remain neutral. tomorrow and will see how the market will perform tommorrow.
Strategy, Support, Resistance - 4/17/2022 - Crypto, StocksThis week we look at stocks, cryptocurrencies, commodities, and stocks making moves. The stock market looks to be inside a bear trend coming off the late March rally. I am looking for a spike up on VIX to mark the next stock market swing bottom. Cryptocurrencies have almost all given up their recent March rallies with Ethereum holding its ground for now. Oil is on its way back up to 112. Gold and silver are showing signs of trying to retest the recent failed breakout high but may just be marking a new consolidation. Tech stocks are giving up the resurgence and value stocks continue to be winners.
Spx500 Weekly OutlookShould start this week with 2 or 3 bearish days until we get into the FVG. From here we can look to take longs as a reaction from it being filled. Not sure if it will switch bullish but should get a good push up from there at the very least.
Goodluck this week and feel free to leave your opinion below!
Strategy, Support and Resistance 4/10/2022The cryptocurrency rally in Bitcoin, Ethereum, and Solana has stalled but Monero is actually continuing. The stock market this week will open at critical support. There may be one more opportunity to get into the Google and Amazon split rallies before they happen. Gold and Silver bullish breakouts have failed. Oil is sitting at a key support level.
XAUUSD 1W big picture view3 horizontal levels marked on chart
- 1555 weekly support/resistance relevant for the last 10 years as seen on chart
- 1790-1800 weekly support/resistance relevant for the last 10 years as seen on chart
- 1920 highest level of all time, target price for now if we close a weekly candle above 1790-1800 resistance.
Also, triangle pattern between June 13-June 19 - breakout UP June 19.
The breakout above the triangle is what started the huge $500 rally so far.
At the moment we are very close to testing the 1790-1800 support/resistance - weekly close above 1790-1800 will target a swift movement towards 1920.
A drop below 1790-1800 will target 1680 support in the short-mid term and may even test as low as 1555 weekly support/resistance. Would be an identical move to what we've seen 2011.
On the fundamental point of view, Gold is a safe haven.
Right now there is a lot of uncertainty - which will push Gold.
There is also the option of Gold price dropping together with the equity markets (stocks) - as there will be a ton of margin calls and therefor people will be selling Gold to cover for margin calls. But it's a very temporary situation where Gold will for sure recover back up following (as seen march 2020).
Long story short,
Gold is very close to a critical level, meaning - big movement up coming or big movement down, depending on behavior around 1800.
NFP on Thursday will likely be the necessary trigger for the movement.
On a personal note - good chance for breaking 1800.
ROKU - Falling Wedge Breakout + Bull FlagWeekly Timeframe:
Strong Hidden Bullish Divergence
"Batman" Pattern
Major volume spike at $100 bottom, aligning with previous support areas
Daily Timeframe:
Broke out of a Falling Wedge
Bounced at an RSI-based supply zone
Formed Bull Flag just under supply zone and volume shelf
65m Timeframe:
Bull Flag under supply zone
Rejected Trendline formed from March 15th bottom
Volume and flow suggesting short term bullish sentiment
I expect a bounce for the severely beaten-down stock. Whether it will be a full revival to all-time highs, I cannot say, though I am quite doubtful. Playing the short term bounce. I am leaning bullish, but will stay neutral and watch price action.
With a breakout from the bull flag:
PT1: $136
PT2: $140
PT3: $142
PT4 (Stretch): $148
Failing the trendline would invalidate this setup and could be cause for puts.
Strategy, Support, and Resistance - 4/3/2022The Cryptocurrency rally continues but should you jump in? I have fielded a lot of messages this week that are pure FOMO. I think traders and investors need to be patient going into this week as most cryptocurrencies have now hit a key resistance from this rally. The stock market is also bullish but where to? Has Oil topped out? Will Silver and Gold breakouts continue or have they failed? Are we about to see a run in EV stocks and Pot stocks?
GbpUsd Weekly forex market analysis with forex trading strategyGbpUsd Weekly forex market analysis with forex trading strategy from 4th April,2022.
Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP,
the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected.
From the UK, GDP reports for the 4th quarter shows a higher than expected figure . expected figure.
Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales...
Technically, price recently made an up thrust off a weekly retested demand zone after which a bearish week followed and currently price is reacting to a demand zone from the monthly time frame.
zone.
GbpUsd is close to the daily demand, I will be watching the area for confirmation to buy the Gbpusd .A full video and more detailed analysis with education was shared on my YT channel. 🦾
Let us go take some risks, let us go make some money.
Eur Usd Weekly forex market analysis with forex trading strategyEur Usd Weekly forex market analysis with forex trading strategy from 4th April,2022.
Fundamentally, the NFP released reports have shown that the number of jobs added to the US economy was lower than expected, even though the unemployment rate was lower than forecasted, hourly wages did not increase. Prior to the NFP,
the US GDP reports for the 4th quarter shows a lower than expected figure with initial jobless claims reports higher than expected.
From the Euro zone, consumer price index preliminary report showed a higher than expected figure.
Fundamentals to keep an eye on the coming week include the US trade balance, euro retail sales...
Technically, price has enjoyed a long bearish move and currently has returned to an unmitigated monthly, and weekly demand
zone. An unmitigated demand zone was created on the daily time frame as well. I am expecting price to reach for the un mitigated daily demand zone from where i will be looking out for price action confirmation setups for a long trade.
Let us go take some risks, let us go make some money.
Dogecoin will blow up to $2 USDDogecoin forming a bullish rising wedge and this could be an awesome opportunity if you want to buy Dogecoin my swing trading. But I will do it. Because in the next months we could see a growth of the price in Dogecoin to take in note this cryptocurrency
My target to hit this cryptocurrency will be $2 USD and my SL to $0.075 cents and also, I entry around $0.14 cents and I buy much trade posiiton of this token to hold toward $2 USD.
And also to share the Daily timeframe, as we formed a bearish channel, the price made this broke up. But I'm very enfocous in weekly timeframe becuase this sound me a good opportunity to buy Dogecoin below of $0.15 cents like an opportunity.
Bitcoin it's ready to blow up in this bull rallyBitcoin continue with the 2nd weekly in positive and the greenback of bulls. So guys, in weekly timeframe. I see two perspective in the price to watch.
My target in $52,179 USD and $69,000 USD. So, I don't have doubt that Bitcoin could to hit the historical maximum price around $69,000 USD.
Strategy, Support, and Resistance - 3/27/2022Catching up to the market moves over the last week. Bitcoin, Ethereum, and all Cryptocurrency is trending bullish with an official bullish breakout since November. I look at the target Resistances for this current trend. Traders and Investors are slowly beginning to accept that the stock market is recovering from the recent correction as the S&P 500 has hit and broken the Resistance. Stocks like NVDA and TSLA are recovering well. I think that Oil may have topped out.
ADA/USD: Weekly timeframe analsyisThis it's very interesting what I see. Cardano it's find up a strong support around $0.98 cents in weekly timeframe.
Also guys, I update this background to blue white just for cryptocurrencies and stock market like my template for this market. So guys, Cardano it's in this bearish channel that maybe could to break up. So, tomorrow we have a clue to know the weekly timeframe on how this weekly candlestick will closed up.
So guys, I love to trade cryptocurrencies and stock market by H4, H8, Daily and weekly timeframes. I'm more Day Trader and Swing Trader for this market.
I hope that this idea support you so much!!!
EURGBP Long?It is looking like a regular MM cycle.
- 1.5-2 days of move in one direction (False Move beginning of week)
-Mid-week reversal (Wednesday)
-Thursday price came slightly down but respected Wednesday's lows
-Multi-session W
We should see a move up today into tomorrow London's session.
"The patterns repeat themselves with statistical reliability BUT the OUTCOME that the pattern is predicting is RANDOM"
Possible Bullish Run This WeekBULL:
• 1.40063
• 1.40569
• 1.41038
• 1.41566
BEAR
• 1.38777
• 1.38222
• 1.37820
This is showing volatility like it's getting ready to begin a bull run this week. But, with COVID rearing its ugly head again in some European countries, and the war, it might continue to keep dropping. We'll know when price stops jittering about.