INFLATION RATE AND BTC MOONHello Traders
As you know, the inflation rate decreased to 6% in the past day, this news created a significant bullish movement for Bitcoin Price, but don't get FOMO, Yet. As you can see Bitcoin's overall Technical shows that, the price is still in a bearish phase in the bigger picture, and is currently on an excellent resistance level, both Dynamic and static.
On the Onchan side, I screenshotted a metric called Net realized Profit/Loss, Net Realized Profit/Loss is the net profit or loss of all moved coins, the value shows that the whole network was moving their bitcoins in profits today, which can cause a reversal in the bullish trend.
Overall I can see a Correction or consolidation for bitcoin before the bullish phase.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too.
Good luck.
CPI
GBPUSD after CPIYesterday we saw big swings during the news. In GBPUSD we saw a pullback off the support zone and a new high.
It’s crucial now to see if this movement has the strength to continue.
We’re looking at a new support zone that in the near hours we expect a reaction from.
Upon another rise the goal will be 1,2315.
The scenario fails on a breakout of 1,2087.
SPY Let´s see how it reacts nowCPI data came out on a good note. 6,5% is better than the 8.7% we were talking about a couple of months later. Are we on the path back to lower numbers or is a second wave coming? Who knows. Next weeks will decide if we can be out of the bear market or if we go on to lower lows.
Rally into 2023? Likely rally into 2023, spurred by downward trend in inflation. Likely 25bp hike at next meeting, then full stop to evaluate the damage (and give time for lagging economic data to catch up to policy changes). Unemployment will rise, possibly some deflation, and fed will cut rates towards the end of 2023 in response to negative economic data. This will cause a second drawdown. Well, the rates will be correlated with a second drawdown, but the real correlation will be between the negative data and equities.
My initial thoughts as we move into a new year. Should be an interesting one.
Love,
InTheMoney
CPI News/ Are We Finally Out of a Bear Market?A few weeks ago, after reanalyzing the COT positioning. I saw that the dealer was acummulating short positions leading into the new year after taking liquidity from
below multi year lows.
We are still early in the new year. This could be a rebalancing or higher time frame such as a 3 month and above, bottom.
Against the COT, I am long until the 1.31 mark.
CPI in line won't do the trick! Or will it?CPI at 6.5%. In line with expectations. Market remains rather neutral. Which means the news will probably not be a big enough kick to get us to the topside of major resistance on the charts. Unless/until JPOW & Co. actually pivot, either via language or actions, the market is likely to continue its current price action underneath our downtrend resistance.
Stew
ES - S&P 500 Retest and Down We GoWith the "cooked" CPI, let us examine the ES Chart.
1. The dotted yellow TL's show the OVERShoot and UNDERShoot, which are perfectly in line with the Medianlines.
2. Price was going up from the Zero to Five Count and broke the confirmed Pivot 4. This leads into a potential new start of the next Downtrend.
3. From the red 1, up to where we are now (2023/01/12), this looks like a perfect market manipulation in line with the CPI. However, with or without CPI, we see where price bangs it's head to day on a intraday view. Right at the U-MLH.
We could either get a hard rejection from here, or price even get's pushed up to the yellow sliding parallel.
4. The Stochastic also shows a negative sign since price got pushed up to the U-MLH. If your backtest this Oscillator, then you know that most of the time there's a push in the opposite side before price synchronizes.
Or in short: Watch the Rocket Man §8-)
Stay save and trade with Brain.
USDJPY I It will return to resistance Welcome back! Let me know your thoughts in the comments!
**USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
U.S. Consumer Price Index's forecast, and there is no big changeThere is no major change in the figure, which is the same as the U.S. CPI YoY standard estimate.
The price stabilization section is entering because it has decreased compared to the previous month, but it is too early for the Fed to proceed with its policy pivot.
US500 CPIWhat do you see?
I think its going to reprice to 3869.3 swing low or even further
STAY OUT:)
BTC US CPI DAY JANUARYHello dear traders, we have CPI DAY
BTC took an incredible flight upwards yesterday at the end of the US session and did not give us a chance to catch this good trend
Today's CPI rules - if we hold $17800 we go up to at least $19079 and higher
I see the strongest support as the $17900 level below which when the whole candle closes on the 30 minute chart can start a bearish trend right away
I will open LONG somewhere between $18000 to $17900 if we even look there, CPI is in about 25 minutes
CPI BEARISH M0VELooking at today's EURUSD it is bullish longterm but in the short term it has to drop down first and it's going to use CPI to do it. It has been consolidating for 2 days now to build orders and liquidity just after taking liquidity off an old high on Monday in preparation for the big news today. I see 2 possible areas for it to continue it's bullishness and both areas have those blue boxes. Cheers 🥂
SPX - We are still within the range!SPX - We are still within the range!
SPX - For most indices we've had bullish momentum especially in Europe side cac, ftse, dax amazing moves but we are still struggling when it comes to US Indices. We've had great bullish momentum at the end of the week now let's not get too excited we are still within the ranges things to keep in mind this week going forward CPI, Q4 earnings, Unemployment claims coming out of US.
Key tip: Ignore the noise and focus on the chart in front of you. Everyone has opinions, they'll even comment on your career choice but most importantly only YOU can learn and earn by the execution of your own trades.
A break to either direction.
Trade Journal
Will US CPI continue to feed the risk rally?Eyes on today's CPI
Risk markets set the tone on Wednesday as traders reacted to hopes that Today’s CPI data will come in lower than expected. This could lead to small interest rate hikes and could even signal peak inflation.
We’re anticipating tonight’s data and if it will live up to the hype. How much has been factored in? Could it be a disappointment if it fails to meet what’s being expected?
It is simple. We see a solid beat to the downside we think risk markets will continue to rally. We see it come in as expected, or god forbid higher, and we think they will fall.
We have done a quick price action review on the USD index and US30. Major risk currencies look to be consolidating at this stage in the lead-up. The USD index is trying to hold out at 103.00.
US CPI data is due today at 12:30 am AEDT / 8:30 am ET.
Joe Gun2Head Trade - USDCHF into resistance. Highly speculative.Trade Idea: Selling USDCHF
Reasoning: Double top on the weekly chart. Into intraday resistance. Highly speculative ahead of CPI at 1:30Uk.
Entry Level: 0.93382
Take Profit Level: 0.9167
Stop Loss: 0.9398
Risk/Reward: 2.82:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NQ Power Range Report with FIB Ext - 1/12/2023 SessionCME_MINI:NQH2023
- PR High: 11480.00
- PR Low: 11465.75
- NZ Spread: 31.75
Evening Stats (As of 1:05 AM)
- Weekend Gap: +0.16% (filled)
- 8/19 Session Gap: -0.04% (open > 13237)
- Session Open ATR: 266.59
- Volume: 20K
- Open Int: 255K
- Trend Grade: Bear
- From ATH: -31.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
GBPUSD before the big news!Today we expect US inflation (CPI) data to be released.
This is some of the most important news right now, and it's making a big impact.
Regardless of the values, we expect big fluctuations at the time of publication!
Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements!
We have identified the possible scenarios and the levels we expect to be reached.
One option we are looking at is GBPUSD.
A drop to 1.2080 and a pullback will allow for a rally to 1.2300.
Do not trade before the news!
Do not trade if there is no confirmation of the expected scenarios!
BTC IS AT RESISTANCE! EXPECTING A CORRECTION FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. The first week of 2023 was going fantastic, we saw a good pump in the market. If you followed my previous analysis of BTC in which I clearly mentioned that BTC will go to test the $17.3k-$17.5k level and exactly the same happened.
Now, what's next?
As you see in the chart, currently, BTC is trading in the resistance zone. $17.3k-$17.6k is a crucial resistance area. I'm expecting a rejection from here and we might see a test of $16.8k-$17k from here.
Tomorrow, CPI data will release and I'm expecting a bad CPI this time. So every pump before the CPI is just a trap IMO.
Let's see how this goes.
What do you think? Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!