Weeklymarketsanalysis
Btc nicely closed on weeklychart but Don't be FOMO in!!Technical Analysis: #Bitcoin(weekly closed)
In weekly time frame, btc trade above the both MA's( 21 and 50) and did nice bounce from 21WMA and Bitcoin did really nice closed on weekly chart but need break downtrend on weekly basis as well as RSI at resistance now, so Do not let your emotions make you FOMO.
Keep a hold, look at this chart again and again until you understand that the momentum is fading while the price is increasing. I don’t know. Just my thoughts.
DYOR
REMEMBER what I said, close above 52.5k means moon. Until then everything is a trap, at least for me.
You can make your own choice.
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
GOLDEN NEO WEEKLY TRAGET!!!Neo/BTC will buy two or three points on the weekly chart. In bitcoin modification, it is the best place to buy altcoins. I have no idea how much you want to buy or where to buy. Why?
Because at this moment, Neo is falling apart and with patience, you will earn a good profit.
Now look at the chart. Our distance to weekly MA200 is more than 180% profit. Will we get this benefit?
Look at the past of the market. Neo had already reached MA200 and hastily broke the roof. So the market is likely to repeat itself. We have to wait for the meeting.I will complete my point.
Also, this is not a financial Advise for you. And I draw this chart based on my own experience as well as my own trading spirit.
Be in profit!
Weekly analysis AUD/USDIn the idea of the euro, it was said that the dollar was in a good position and that it owed it to the speech of the members of the Federal Reserve.
But this is not the case in Australia. And last week the Bank of Australia announced that it did not intend to raise interest rates until 2024.
On Monday, when the United States is closed, we will probably see the growth of the Australian dollar close to resistance. And then the downtrend starts.
$VRTX HTF ACB LongWeekly Swing Watchlist
Couple great looking opportunities this week, otherwise equities look pretty quite with the broad sell offs we have seen. I am already at full risk after entering two trades last week so I will be sitting on my hands for now.
#1 Main Watch
$VRTX HTF ACB L
Monthly - 0.50 Fib/Decel/50 ema
Weekly - Support/MACD/Double bottom
Daily - Support/MACD/Double bottom/Descending triangle/Decel/Wave 5 completion
LTF - Break out of descending triangle/MACD/Double bottom
Entry - Waiting for 1HR close above 50 ema
RR - 10 (Previous M/W highs)
Management - Long term
Additionally on Watch:
Main:
$PENN Daily IBO L
Other:
6 stocks on this weeks development needed list
23 stocks on monthly watchlist (mostly in Tech & Health Care sectors)
Live Trades:
$OEG - Full Risk
$AMC - 0.5% Profit locked in
$MASS - Full Risk
$VUZI - Full Risk
$Z - Full Risk
BTC weekly breakdown !This week started off with a crazy Monday seeing LTC drag the market up with a false partnership with Walmart and then throughout the week we slowly drifted upwards and were now maintaining a range between 47.1k and 48.2k!
Targets for weekly close :
*Close above 46.5k
*Close above 200 ema
Targets for daily close :
*Close above the 47.1k support level
*Close above 50 ema
I'm starting to lean towards a bullish sentiment so providing we maintain these weekly levels, we may start to see some big moves up in the coming month!
USD/JPY Weekly Forex Market Analysis Weekly Forex Market Analysis: USD/JPY Moves Sideways As Price Face restriction Above 109.90s
Last week it was discovered that the "ninja" closed the previous trading week session with a strong consolidation in price action movement. Where The ratio of buyers and sellers was approximately in direct proportion. Hence a tight sideways movement in price exchange surfaces the entire USDJPY Market. With this in mind, the majority of market players are on the outlook for a spike in the volatility Nature of the pair. And If at any moment the presence of a genuine volatility Indicator overshadow the consolidation force the market is currently undergoing. The price of the market could tend to move in the favour of the dominating key market participants.
What To Expect For This Week In USD/JPY Market
The Japanese Business sentiment index( BSI) which measures the sentiment of the large manufacturing industry in Japan is said to be released (on Monday 13th of September 2021) with a positive expectation on the side of economic analysts and the interbank markets. However, the last reported update for the BSI data claims a recording of -1.4 which was believed to be a negative performance. In response to this report, a bullish motion could be welcome in the market if at all the reported data outweigh the previous release or yield a number above zero, on the flip side a bearish move will be the next trending move if the BSI data should cross below the previous marked level.
With a less focus on the US Bureau of Labor Statistics which published the Producer Price Index (PPI) data for August. In Addition to this report market players will hold a close look at the performance of Wall Street's primary indexes and the US T-bond results. A report from FX street claims that the US Dollar Index is down by 0.12% in the last trading day at 92.41% and the S&P 500 assets are rising by 0.43%. Yet it's unlikely that the price of the dollar will meet an appreciating buyer's presence.
USD/JPY Technical Analysis
Weekly time frame
From the weekly time chart, the USD/JPY pair was observed in a strong market consolidation which forces the price of the market to move in a straight horizontal smaller candlesticks range along with the 109.904. Whereas the trading bias on this time frame represents a bearish price action. While volatility is on the lower level. A weaker than expected change will be expressed in the overall nature of the market structure.
Daily time frame
To be more accurate in this analysis the USD/JPY pair had a bearish candlestick reversal pattern ( Evening star) appearance on the daily time frame, meaning the likeness of price moving in a negative direction is very much weighted. Besides 200MA indicates buyers performance for the last 200 days candlesticks which proclaim that the tendency of price reversing back towards the higher moving average is on the highest degree
Without much ado positions, traders can be set to enter the market whenever the price closes below the evening star. As this can serve as the most profitable means of taking a position.
4-hour time frame
Swing traders on the other hand should have a keen interest in regulating the ranging moves present in the 4-hour time frame. With deep thoughts on this time frame, price will hit the previous swing high before pulling to the downside, hence the cycle of the ranging will be met with a breakout in price.
In conclusion
Moving further to the start of the second trading week of September the pair could likely encounter a mil rising in volatility. Where a favourable move could be on the side of the sellers.
Major Pairs: Monthly & Weekly LevelsHi everyone,
Hope you have enjoyed the weekend.
Every week on Sundays, I mark key levels for each currency pair to see how price reacts to them in the next week.
As you see on the charts, I have marked Monthly and Weekly 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 personally expect US dollar gets stronger and we should looking for buying it against the other currencies this week.
Buy this altcoin: IOSTWhat it's IOST?
It'a a itself as an ultra-fast fully decentralized blockchain network and has an ecosystem with its own nodes, wallets and it's based on the next-generation consensus protocal called proof of believability. The proof of believability it's a consensus algorithm to ensure transactions on the network are secure and efficient. It's a Blockchain infrastructure and it's open-source and designed to be secure and scalable.
IOST resolve the biggest challenges on how big companies may not b able to embrace blockchains where customer-facing environment unless they're scalable. IOST has 3 nearest competitors like Ethereum, TRON AND EOS.
1. Ethereum it's the most popular cryptocurrency for smart contracts platform for developer
2. EOS and TRON are highly scalable than Ethereum, but work to create smart contract platform with high usage.
The difference it's that IOST has the unique consensus protocol called Proff of believability and work with its nodes that few Blockchain have to make transactions more secure and efficient and its velocity to process transactions per second.
In my opinion, I find up that this cryptocurrency it's unique, there's not any cryptocurrency with this consensus protocol and clear aims where I think that this cryptocurrency could to be appreciate for crypto-enthusiastic. I decide to move part of my money for this cryptocurrency. But soon, I will post how much IOST coin I will going to buy.
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Now, looking in weekly timeframe, IOST it's look extremely bullish and this cryptocurrency could to explode more fast and early than another cryptocurrencies. This it's a thing that I note.
The monthly timeframe it's look bullish and IOST may to explode soon.
My good counsel if you want to review this cryptocucrrency, you can to find up more information about IOST. This altcoin will explode soon to pick up good benefits. I'm super bullish in IOST and also, as unique cryptocurrency, I decide to invest in this cryptocurrency. Now, I will going to analyze IOST/BTC and IOST/ETH to compare with these main ratios in front of Bitcoin and Ethereum too.
Weekly Watchlist 9/7 - 9/10Here is what stocks we are watching for this week!
NASDAQ:MRNA
Looking for a $420 breakout with targets of $425 and $430
NYSE:NIO
Nice bullflag showing here, looking for a break over $41 with targets of $42 and $43
NASDAQ:ROKU
Currently sitting a major trend resistance, we are looking for a move over $346 with targets of $348, $350 and $352
Chainlink may to run to $100 USDThis it's just my weekly perspective where Chainlink may to run to $100 USD in couple weeks.
And in this screenshot, it's the monthly timeframe where we could to forming a possible elliot wave analysis where Chainlink could to starting the phase #5 that could to leading to $446 USD in long term. It's interesting investing in Chainlink or make any hold posiiton in this cryptocurrency to earn extraordinary profits in this cryptocurrency.
Now, as I have 133 LINK spot in my trade now!! This it's a good idea that keep this position until $400 USD. i may to get extraordinary Cardano profits in this trade on Chainlink.
I will going to take this idea in my hand to evaluate more and how much chances Chainlink make this bullish movement in the future?
If you like this idea, please hand up, share this information with others crypto-traders or crypto-enthusiastic.
lINK/USD: UpdateIn this update, I will make a multi-analysis timeframe to analyze. So, during these days, Chainlink made exploxion in the price and climb around of $35.40 USD. My entry long posiiton was aroud of $27.10 USD and we're in profit in this trade from $27.10 USD, at least for me. We have near of 30% in profit, it's great, but I trade this cryptoucrrency by Daily timeframe to keep this trade until the $54 USD, this it's my point to take profit. And also, I up my break even to $28.70 USD. I protect my long position without zero loss.
Now, this it's the H4 timeframe and I put my break even above of my price entry that was around of $27.10 USD. My break even it's $28.70 USD.
And looking in weekly timeframe, we look that Chainlink closed up this weekly candlestick extremely bullish signal. For that, bulls are prepare to move Chainlink toward the historical maximum price of $54 USD soon.
Guys, congraluations if you entry in this trade, we're in profit in this cryptocurrency and also, with nice profits in this trade.
Weekly Market Analysis 29 Aug 2021In this weekly Market analysis video, I identified the Buy Points and Sell Points for the following pairs:
BUY PAIRS: EURUSD, NZDUSD, GBPUSD
SELL PAIRS: USDJPY, USDCAD, USDCHF
These buy points will help us to make decisions during the week.
When the price is above the Buy point, we are only looking for buying opportunity and when the price is below the sell points we are only looking for a selling opportunity.
Have a great trading week.
Bitcoin Dominance continue weakness!!Bitcoin Dominance it's look bearish too. For that, a possible altseason we could to look soon in the best cryptocurrencies. For example: Ethereum, Cardano and XRP are my preferences. Now, I show you this perspective how I look the dominance. As Bitcoin touch the 0.382%: 49.10%, Bitcoin weakness and could to leading down to 39.50% and included 33.69%.
In the monthly timeframe, it's look extremely bearish for Bitcoin, I don't have any doubt of it.