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[08/11] Beast Trading _ Today's Bitcoin Perspective Beast Trading _ Today's Bitcoin Perspective Recently, if Bitcoin continues to set a short-term trend, it continues to move in that direction. Currently, it is such a trend, but yesterday's CPI announcement showed 8.5 which is lower than the expected 8.7, resulting in a strong rise with a huge trading volume along with NASDAQ. Looking at the overall wave, the C wave ends briefly at 22.6k, where the bottom line of the large parallel channel meets, and the adjustment of the increase from 20.7k to 24.7k has ended, and it seems that a new upward trend has begun. So, for now, we're expecting 24.7k (high point) to break through, and we're looking forward to 26-27 lines. As Bitcoin rises as the dominion decreases, there is a possibility that alt coin pumping will start. The resistance hanging above is currently 24.5 to 24.6k with a downward trend from 32k, with a full-point resistance of 24.7k and a peripheral channel break of 25k. Entering the short position will not be a good choice for profit and loss because there are not many sales stands above if it breaks the overall high point. I hope you get good results today!
Long
by BeastTrading_Sehyun
3
EURUSD CPI Report Breakout-What's Next!Welcome back! Let me know your thoughts in the comments! **EURUSD - 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! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
1
SPX500 July 2022 CPI summaryI’m still bearish, why? - We’ve been having quite a rally for last few weeks. We are very close to 61% fibonacci, that will be strong resistance 4250. - July 2022 CPI was good but the market didn’t go much higher - we are almost overbought on daily chart - MACD looks like it might turn around soon - buyers are running put of steam, the market didn’t do much in the last week - possible divergence is forming - VIX is pretty low, on the border of being oversold, it’s been in the downtrent for almost two months. As we know the markets never go in one direction, there are highs and lows. All eyes on jobless claims tomorrow. I still can be wrong. Trading is risky, please do your own analisys before entering the markets
OANDA:SPX500USDShort
by Trinnisia_Trades
2
US100 is Rising after a breakoutHello traders! Welcome back to another episode with Analyst Aadil1000x. US100 is at a key level and it's above the broken trendline as always Whenever there is important NEWS the market will be at a key level. The majority of the time Market confuses the traders but this time it will give a simple bullish move so that it can give a surprise attack later. I am expecting a very strong rise in US100 because of this CPI NEWS and this rise will form a shape like the 'J' pattern but the 'j' shape is not a good sign for the buyers. Previously My TR point worked with perfection and predicted the bottom of the crash with pinpoint accuracy. Just have a glimpse of this because you will never see this kind of scene anywhere other than in the Aadil1000x Analysis. Hope this will also work with perfection Thanks to the tradingview team for providing this platform.
ULong
by Aadil1000x
EURO - It's time we keep an eye. EURO - It's time we keep an eye. $EUR I'l sure many other traders have the same view. We had a low print regarding CPI. Dollar heads lower as lower % hike and we are at 'neutral' as stated by Powell last time. I had a great time trading this but now it's time we concentrate technically on the euro this is a very key area to keep an eye on break above these levels we could head higher and that's the top for DXY done for a little while.. precious metals to increase, cryptos and many other instruments to take into consideration on positioning front. Trade wisely and follow your trade plan. Enjoy the exciting times ahead! TJ
by Trade_Journal
1
Stocks Range Ahead of CPIStocks have established highs, then immediately rejected them, and are continuing the sideways correction. We mentioned that 4178 and 4188 will be very hard to break, as they correspond to relative highs from a previous range held in June. We are seeing support from 4122, but we are on the precipice of a vacuum zone below to 4068. There is another vacuum zone below that to 4009. The Kovach OBV has leveled off so if nothing signficant happens, then we should maintain the current range. All eyes are on CPI today, which will provide a reading on the massive inflation we have been seeing as of late. This will give us more insight as to the Fed's plan to raise rates, potentially by 50bps at the September FOMC. Don't expect much action in stocks until at least 8:30AM EST, when the data is released.
FX:SPX500
by quantguy
Place Your BetsIt's clear 2022 has been dominated by inflation fears and for a good reason. Inflation is skyrocketing Interest rates are rising Bond yield curves are inverting Energy wars are raging Debt holes are deepening I hate to be the bearer of bad news, but nothing has changed. The reason inflation continues higher is because it’s a feedback loop in a low interest rate debt driven economy. 1.Commodities demand/lack of supply in oil, food, wood, etc.. cause prices to increase. 2.Companies costs go up so they raise their prices and pass on to consumers. 3.Consumers use more debt to buy more thinking it saves costs and they avoid supply disruptions, but this only drives up demand in Commodities… back to step 1. You’re a consumer, Companies are consumers, Governments are consumers. Increased spending by Government will only exacerbate inflation as we saw since March 2020. The only way to break this feedback loop would be to increase interest rates to a point where consumers can’t afford to service their debt. This hasn’t happened so the feedback loop will continue until there is… a. collapse, b. crash, or c. kaput. As for what will happen tomorrow, I have my theories…. Higher CPI - with a higher CPI print tomorrow I think we drop similar to April. 2-4 o’clock today will be a good indication of what the street thinks. Flat CPI - happy street got it right last month (peak inflation), a cautionary drift higher, maybe a rally off the 200d. Lower CPI - nah, you’re dreaming. APPL issuing debt and even META jumping on the band wagon, Gov is on a spending spree for votes… no way… Not investment advice. The only good advice is not to take investment advice from strangers on the internet….
AMEX:SPYShort
by SPYvsGME
EURUSD is ready to move highr waiting for US inflation reportAhead of the highly-anticipated US July inflation report, The USD dollar is looking for demand and EURO USD is ready to breach the long waited resistance. EURUSD has formed a symmetrical triangle on 4h Charts, in addition to a price action that builds up toward the long waited resistance - 1.0240 (Fibonacci 38.2% retracement of the latest downtrend), it is obvious now that the pair is about to break out of its range and could use a big push from a weak CPI print, to rise above that level and target at least 1.0370 (Fibonacci 61.8% retracement. Stoploss for this breaking below 1.0200 , which means the dollar gained strength from the inflation report.
Long
by Raniawagdy
3
🤖 #BTCLIVE - 10.08 - #IDEA 🤖🤖 #BTCLIVE - 10.08 - #IDEA 🤖 Snapshot: Short-Term 40:60- Bullish:Bearish Long-Term 70:30 - Bullish:Bearish Technical Analysis: The bullish scenario is to break the local resistance at 23.5k with volume with a short term target of 23.4k and longer term target of $27k where the CME gap and top of the range is sat, breaking through will invalidate the bear flag pattern - this will be heavily predicated on the CPI announcement today The bearish scenario is to break the local support at 22.6k with volume and the path to $22k will be very likely at the bottom of the long term range. Breaking down will confirm a long term bear flag and a realistic longer term target of $17.5k Bullish Factors: + Bullish Divergence Wave & RSI + Contrarian Rejection Signal + 20 DEMA Support + Bullish CME Gap + RSI & Wave Oversold + Wave Dip Buy Signal + CPI Announcement + aSOPR turned bullish + Active Addresses turned bullish Bearish Factors: - TD7 - Challenging Resistance - Flipped 50DEMA - Flipped Local Support - Short-Term Overbought - Lower Low, Lower High - Tornado Cash - CPI Announcement - Further Celsius Investigations - Transfer Volume turned bearish - Funding Rate turned bearish Key News: + $100K #Bitcoin could be a matter of time, says Bloomberg Intelligence - #Binance will disable off-chain transfers to WazirX on August 11th. - U.S Treasury has blacklisted 'crypto mixer' Tornado Cash. home.treasury.gov - Singapore-Based Hodlnaut Halts Withdrawals Citing ‘Market Conditions’ beincrypto.com / CPI Announcement Approximate Gauge: CPI YoY: <8.7 Bullish 8.7-9.1 Neutral probably slightly bearish 9.1> Bearish Core CPI YoY <5.9 Bullish 5.9-6.1 Neutral 6.1> Bearish Metrics: Exchange + Exchange Reserve - As the exchange reserve continues to fall, it indicates lower selling pressure. - Exchange Netflow Total - Net deposits on exchanges are high compared to the 7-day average. Higher deposits can be interpreted as higher selling pressure. Miners / Miners' Position Index ( MPI ) - Miners' are selling holdings in a moderate range compared to its one-year average. / Puell Multiple -Miner's revenue is in a moderate range, compared to its one-year average. On-Chain + aSOPR - More investors are selling at a loss. In the middle of a bear market, it can indicate a market bottom. + Binary CDD - Long term holders' movement in the last 7days were lower than the average. They have a motive to hold their coins + Net Unrealized Profit and Loss (NUPL) -Investors are in a Fear phase where they are currently with unrealized profits that are slightly more than losses. - Transfer Volume - The total number of coins transferred has decreased by -24.00% compared to yesterday. + Active Addresses - The total number of active wallets used to send and receive coins has increased by 22.00% compared to yesterday. + Transactions - The total number of transactions has increased by 8.00% compared to yesterday. Sentiment + Coinbase Premium - US investors' buying pressure is relatively strong in Coinbase. - Korea Premium -Korean retail investors' buying pressure is relatively strong. - Fund Premium - Investors in funds and trusts including Grayscale have relatively weak buying sentiment. Derivatives - Funding Rate - Short position traders are dominant and are willing to pay long traders. - Taker Buy Sell Ratio - Selling sentiment is dominant in the derivatives market. More sell orders are filled by takers. / Open Interest - As OI increases, it indicates more liquidity, volatility , and attention are coming into the derivative market. The increasing trend in OI could support the current ongoing price trend. - Liquidation - 33137829.14 of long positions were liquidated in the last 24 hours.
by Kryptochristian
2
Gold Price Forecast: XAU/USD eyes key levels and US inflation – Gold price is easing from near monthly highs ahead of US inflation. US CPI will shape the Fed rate hike policy and market sentiment. XAU/USD sees healthy barriers on both sides amid a sense of caution. Gold price is snapping its two-day uptrend to monthly highs of $1,800, as investors resort to repositioning ahead of the highly-influential US inflation release. Markets are reluctant to place large bets heading into the CPI showdown, as the data will be scrutinized closely for fresh insights on how steeply the Fed will raise rates in the coming months. The non-interest-bearing gold braces for huge volatility on the data release, especially after being sold off into the bumper US Nonfarm Payrolls last week. This Wednesday, the odds of a 75 bps Fed lift-off in September stand at 67.5% while the two-year Treasury rate surpasses the 10-year by nearly 50 bps, indicating that the inversion is around the deepest since 2000. A softer US CPI reading is critical to dissuading the Fed from going too aggressive on its rate-hike track amid growing recession fears. Also read: Gold Price Forecast: Bears cross to challenge XAU/USD bulls ahead of US inflation Gold Price: Key levels to watch The Technical Confluence Detector shows that the gold price eyes immediate cushion around $1,785, the convergence of the Fibonacci 23.6% one-week, SMA50 one-day and the pivot point one-day S1. Bears will then attack the previous day’s low of $1,783, where the SMA5 one-day aligns. The next support awaits at the Fibonacci 38.2% one-week at $1,780. The intersection of the Fibonacci 161.8% and SMA50 four-hour around $1,774 will be next on sellers’ radars, with the last line of defense for buyers seen at $1,770. At that level, the Fibonacci 61.8% one-week meets SMA10 one-day. On the upside, a powerful resistance is pegged near $1,791, the meeting point of the SMA10 four-hour and the previous low four-hour. The next relevant barrier is seen at the Fibonacci 38.2% one-day at $1,793. Acceptance above the previous week’s high of $1,795 is important to unleashing the further upside towards the $1,800 round figure. Bulls will then aim for the $1,805 and $1,810 resistance levels, the Bollinger Band one-day Upper and the pivot point one-day R2 respectively.
SAXO:XAUUSDShort
by sniper_2022