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Understanding Current Market Trends 🔄CURRENT MARKET TRENDS 🔄 1. 🎯 Selective Market Dynamics The present market scenario remains highly selective. This has been a pattern, with a tendency for a rotational environment. Stocks that are currently underperforming or rebounding from their lowest points are leading the market for short durations. This is while tech-heavy indices like the Nasdaq temporarily stagnate, then it's their turn to lead, and the cycle continues. But, there's a growing concern - fewer companies are driving the Nasdaq, which is complicating attempts to gain significant progress with individual stocks due to diminishing participation. 2. 🐺 The 'Lone Wolf' Phenomenon The case of NVDA serves as an excellent example of this emerging "lone wolf" trend. Recently, NVDA shares experienced a substantial increase of nearly 30% following an impressive earnings report and promising quarterly guidance. This surge contributed to a 1.7% uplift in the Nasdaq index. Meanwhile, other indices like the Dow and Russell 2000 ended negatively for the day. 🤔 DECODING MARKET CONCERNS 1. 📉 Hidden Weaknesses in Indices While favorable earnings responses are generally positive, the risk lies in a market driven by a limited number of stocks. This poses a challenge because the strength of indices can be misleading, concealing the limited overall participation if the driving force comes from a handful of giant corporations. 2. 🛡️ Defensive Tendencies & Megacaps There are phases when financial institutions become cautious about risk and the overall economy, leading them to adopt a defensive stance. Megacap companies have offered liquidity during these times, thus becoming the "safe" choices when institutions hesitate to take on riskier investments. This has led to an updated version of the old Wall Street adage, "You'll never go out of business losing your client's money in IBM." In this context, IBM is replaced by modern tech giants like Apple (AAPL), NVDA, Amazon (AMZN), Google (GOOGL), Meta (META), and Netflix (NFLX) - the new IBM's are the FAANG companies! 🚀 NAVIGATING MARKET DYNAMICS 1.💡The Eventual Shift While this trend will eventually change, predicting when this will happen is not a necessity. Indicators such as a rise in successful breakouts will provide all the necessary information. Until then, discipline and avoidance of fear of missing out (FOMO) and hasty strategies is advised. 2.🌊 Riding the FAANG Wave? You might be contemplating whether to join the FAANG trend. If these stocks show positive signs or proper bases, the answer is yes! For instance, NVDA and NFLX were recently included in our Watch List for this very reason.
NASDAQ:IXICShort
by TintinTrading
Bitcoin: BTCUSD Bad Friday turns Good on break above 7316 Bitcoin Good Friday? Some spectacular price action overnight with a massive counter rally from lows at 6630. No obvious reason for this rally either. No imaginary Fibo, no trend-line, nothing. It looks untrustworthy and has rallied to the spot where it should stop and fall away again at 7316. If still short can stay that way with stops above 7316 for now. The only way this can flip back to positive from here is by breaking above 7316 and holding (if we see this happen later on at any point we have to flip back to long once 7551 is broken to upside using stops at least 50 points lower). Until that happens this is a counter-rally in the downtrend and we can stay short looking for 6000-5879 range on Coinbase feed. Lower stop on short to 7110 to trap in profit now. Be ready on upside in case a FUD free weekend starts a bigger rally from 7316.
COINBASE:BTCUSDShort
by sumastardon
11
We officially have gone above the neckline!We are officially above the neckline on the 4hr chart!! And with only 4 minutes left to go before this 4 hour candle closes...we may actually close this candle above the neckline! Very exciting time to be invested in btc! Now remember folks we still even if it closes above the neckline on the 4 hr chart are going to need the next 4 hr candle to close above it as well...we also want to see a huge swell in bullish volume to help confirm it. Also always good to double check indicators such as mac d and rsi to be safe....the biggest confirmation won't be until we have closed to 1day candles above the neckline...however 2 4hr candles closing above is a really good sign...I would even tread lightly and wait for a 3rd 4 hr candle if I was being super conservative. We may very well see the price dip back udner the neckline as a false breakout initially though so be prepared if that happens I imagine it will only take another day or 2 max before we get a legitimate breakout. Of course, this could be the legitimate breakout and we might not even ahve to worry about any fake outs. Best to be patient and see just to be safe though.
BITFINEX:BTCUSDLong
by DrDovetail
Bitcoin BTCUSD Still Positive When It Breaks above 10600Bitcoin Coinbase Chart Next Buy Point Bitcoin has spent the last 24 hours or so hammering out a continuation pattern not too far from the recent highs. It hasn't collapsed from here, though, which has to be a positive signal, so far. It's now probing the upper parallel at 10600 and trying to break higher. To stay positive from here it has to make this break. If we see it we can follow with stops under the upper parallel by 50 points or so when broken. Otherwise, in absence of a break higher and Bitcoin spends more time in this consolidation pattern we will look for an entry from lower down later
COINBASE:BTCUSDLong
by sumastardon
3
Bitcoin: BTCUSD Still Positive: Next Buy Points TodayLatest Update 11:00est: Bitcoin is still positive and a near term buy on retests of the smaller dynamic underpinning the day's rally towards the blue support line at 9960-9940 with stops below 9900. Also raising the stop here to just under 9900 on current longs on Bitfinex to trap in 100 + points if it gets struck (day trading). The other choice for swing traders is to leave the stop just under 9800 for break even from here. The overall trend will remain positive whilst Bitcoin remains above the larger rising dynamic it bounced from earlier and that we used for this original long entry. Last Tv Update, yesterday: If it loses the main dynamic it will unravel a little but looks unlikely to break below 9496-9450 levels if it does - there should be a lot more upside from here though. How you prefer to trade it up to you. But for the forseeable future this is a buy dips market. That only changes if the lower larger dynamic gives way at any point from here. 1st Update today 05:05 est Some swing traders will still be running the long and using the bigger dynamic as a final exit (as per Tv updates). If so stay with it. If not and looking for the next long from here, we have a chance of a trade from here at 9740-9700 if using a stop below the dynamic which is at 9700 now for smallish loss if wrong here - otherwise we need to see the upper parallel broken on the next rally to follow long again, with stops below the dynamic, under 9700. So long as Bitcoin holds up off the largest upper rising dynamic that it is closest to now (at 9700 now) the trend will remain positive and swing traders can stay long. And if this line gets broken at any point today the 9496-9450 range must hold up to all challenges from here to stay bullish overall. Update 09:31est today Can raise the stop on this long to just under 9800 for small win/break even from here. Some traders are happy with 200 points per day so that over 5 days they make 1000 or so. All depends on profile - some are big game hunters and swing traders and some are shorter term scalpers. There is no right way, just the way that suits your temperament and time available best - it takes every type to make a market...
BITFINEX:BTCUSDLong
by sumastardon
Bitcoin BTCUSD Still positive above 15485Bitcoin Update So far today Bitcoin has rallied to the next restistance line at 16447 after a high at 16487 but has since fallen away again, coming back close to important support at at 15574-15485 (amended to cover yesterday's price action better). It's a buy in this range with stops below 15450. Above here the trend is still positive but any break below 15450 will tip Bitcoin back into negative territory and should force it back to the two parallels below and potentially back to 14844 before it rallies again. If we see this price action will look to get long again from lower levels. Overall Bitcoin looks positive still and so long as 15450 continues to hold it should rally through the blue lines above it to 17229 and higher as the day progresses. Look to get long on dips from as close to 15485 as possible over the next couple of hours, most likely.
BITSTAMP:BTCUSDLong
by sumastardon
1
Bitcoin: BTCUSD Key levels today -7717 the likely pivot for dayBitcoin: BTCUSD Update Range trading for now but overall positive above 7717 A good space for day traders, trading between the lines of support and resistance, which continue to work quite well, so far, just as they have done over the last couple of weeks now. But for swing traders Bitcoin gave the first unreliable technical signal for quite a while - that break below 7531 was the first heart-breaker, the first time this beautiful creature has let us down, technically speaking, for a long time...and it's looking more and more false as each minute ticks away now. Day traders at least had the next support line at 7426 to close out shorts, but swing traders looking to short off the next rally back to 7531 (with stops 50 points above) - a technically sound trade - will have been swept away. Apologies. Even more annoying, with all this price action overnight there was no guidance to get long again and buys at 7531 had already likely been stopped out - so many have missed a large part of this move up from 7531 now, me too, and it's extremely frustrating and annoying. Occasionally Bitcoin can mess with the best laid plans for the weekend. We are where we are. Back on the trail. Looks like it will grind away to the top at 7990-8000 again. Thankfully it's trading back above 7717, the freezer lid level which will continue to play an important role this weekend. Whilst above here Bitcoin is still wanted, but under that line not so much. As bears won the day in the end yesterday and China did indeed drive the price lower through the first couple of hours of their session, but that break below 7531 screwed up a perfect entry for this next challenge on the highs. Damn. Move on. Play the range on low volumes or await a possible break above 8000, which will need high volume to make it happen. Probably only Chinese buying power can achieve this over a weekend, so the first couple of hours of their seession could pay dividends, maybe... Bitcoin is positive above 7717 and whilst above here will try to grind towards the highs where it becomes a sell again for day traders playing the range. And if at some point we see 8000 broken, it should be followed, as per weekend breakout (last comment). The space between 7717 and 8000 belongs to day traders. As is the space below 7717 down to 7531. So 7717 is now the likely pivot for the day - should this fail at any point later it turns negative again in near term back to 7531 - where it becomes a buy again with stops 50 points below. Because of that signal break below 7531 it makes 7717 even more important for Bitcoin from here. It really is the freezer lid today by look of things. All good above, potentially turning over into bad below.
BITSTAMP:BTCUSDLong
by sumastardon
8
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an immediate rally into new high ground are a sign of a very strong market, usually a confirmation signal of further strength ahead. In addition, the pattern carved out on the chart over the past week is a clear flag formation with a minimum upside measurement target at 6472, and could easily extend further to 6515. Look to get long for the early part of this week at least: Initial support begins at the recent high at 6282-0. Whilst it can hold up here this index is extremely positive...so long as this level holds tomorrow Nasdaq is expected to have a stellar week ahead. It's a buy with stops under 6275 for a 20 point loss if wrong. Or wait for the open on Monday to see that 6275 holds up first...but it may have gapped up by then. If so follow it, though with stops still below 6275. And if this trade goes wrong and 6275 fails to hold at any point between now and the open it's likely to drift further and then perhaps come off on the open to 6246 (at lowest a spike to the upper parallel just below here) before rallying strongly again. That looks to be worst case scenario, which looks less likely than a gap up as things stand right now. One other way to enter the trade is to put a buy order in at 6283 and hope it gets struck overnight with a tight stop 11-15 points under for small loss if wrong but 200 to 300 - points upside if right. If it gets stopped out look to re- enter again around the open on any further weakness in the first 5 to 30 minutes, ideally towards 6246 and a tad lower - but this is only likely if 6282-6275 gives way. Don't think it will for what it's worth...let's see For more on Positive 16 Year Cycle: Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and- analysis/
FX:NAS100Long
by sumastardon
Ripple (XRP) - Above The Stomach Bullish Scalp -Analysis & Educ.This is a simple XRPUSD & XRPBTC scalp based on the "above the stomach" two-candlestick pattern visible on the 4-hour time-frame... Above The Stomach: # of periods (candles) = 2 price trend (going into the pattern) = downward first candle = black second candle = white candle opening and closing at or above the midpoint of the prior black candle's body Theoretical performance: Bullish reversal Tested performance: Bullish reversal 66% of the time Frequency rank: 32 Overall performance rank: 31 Best percentage meeting price target: 61% (bull market, up breakout) Best average move in 10 days: -4.86% (bear market, down breakout) Best 10-day performance rank: 33 (bear market, down breakout) All ranks are out of 103 candlestick patterns with the top performer ranking 1. "Best" means the highest rated of the four combinations of bull/bear market, up/down breakouts. Other Confirmations based this chart & indicators: KnowSureThing - (RoC Based) showing potential for a double cross (That is both a cross of the signal and zero lines) -The zero-line cross is extra significant as it is the second cross (locally)... as in price has recently cross the zero-line only to fall back below, ready for a second cross.. Net Volume is positive = more buying than selling (a weak bullish confirmation) Price Target: Use the blue colored dash trend-lines to approximate your target
Long
by Kantardziski