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28-28.5 K pullbackMorning folks, With SEC problems to put under control Coinbase/Binance, attack on G. Gensler from some Senators and Congressmen and BlackRock bill to register ETF have changed BTC background significantly. If everything will be realised, then it will be absolutely different market in terms of regulation. It will loose freedom but a lot of money will be pour in. Thus, all this stuff is reflected in price. Market confirms bullish context, but now stands at overbought. So, we expect tactical bounce to 28-28.5 K-support area, and intend to consider it for long entry. Mid term upside target now is around 36-38K area
COINBASE:BTCUSDLong
by Sive-Morten
27-27.2K is in rangeMorning folks, BTC, on a background of common euphoria and anticipation of sooner Fed easing and QE has shown nice intraday rally, exceeding the level that we've specified as a target of retracement and potential resistance. Thus, expected bounce happened, but it has appeared to be much stronger. Now we have bullish reversal swing and a kind of reverse H&S shape. This let's us consider ~ 25.5-26K area support, where potentially right arm's bottom should be formed, for possible entry with bullish scenario. Nearest target is around 27-27.2K 4H resistance area. Just be aware of strong downside action and breakout of major 5/8 Fib support level around 25K. These two things that we do not want to see when we consider bullish continuation.
COINBASE:BTCUSDLong
by Sive-Morten
BWA: 6% upward potential to current HH 🐂 Trade Idea: Long - BWA 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout 🔍 Entry: +/- 48.28 🐿 DCA: No 😫 Stop-Loss: 45.29 (46.67 for aggressive trade) 🎯 Take-Profit #1: 51.05 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — BorgWarner is in a larger uptrend and currently finished its consolidation to the former HH (higher high), doing a liquidity grab there, and closed yesterday above it’s last LH (lower high) above the consolidation downtrend. We therefore assume that BorgWarner will at least test its current HH from the larger uptrend with possible upward potential from there. This trade is based on price action alone. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:BWALong
by LGNDRY-Capital
Daily Market Analysis - Thursday June 15, 2023Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless Claims report. US Philadelphia Fed Manufacturing Index for June. US Retail Sales (MoM) data for May. Eurozone ECB Press Conference. On Wednesday, global stock markets saw a decline, while the US dollar managed to regain some of its losses. This came after the US Federal Reserve, as expected, announced a pause in its interest rate hikes. However, the central bank also hinted at the possibility of raising rates by an additional 0.5% before the end of the year. During its recent two-day meeting, the Federal Reserve presented new economic projections that indicated a potential 0.5% increase in borrowing costs by the end of 2023. This projection was based on a stronger-than-expected economy and a slower decline in inflation. US Fed funds rate The Federal Open Market Committee (FOMC), responsible for determining interest rates, unanimously stated in its policy statement that maintaining the current target interest rate range during this meeting would allow the committee to assess additional information and its implications for monetary policy. While it was widely anticipated that the US Federal Reserve would pause its rate hikes, the focus shifted to the communication surrounding potential future increases. In a surprising twist, the participants of the FOMC adopted a more hawkish stance. The median forecast for the end of 2023 regarding the Federal Funds rate was revised upward by 50 basis points, now ranging from 5.50% to 5.75%. SPX NASDAQ and DJI indices daily chart Following the announcement, the closing results of the stock market exhibited a mixed picture. The Dow Jones index concluded the day with a decline of over 230 points, while the S&P 500 index managed to secure a modest gain of 0.1%. The Nasdaq index, on the other hand, experienced a more significant increase of 0.4%. Notably, the Nasdaq Composite index was primarily driven by the positive performance of AI-related stocks, including Nvidia and AMD. In addition to the stock market movements, Wednesday started with Bitcoin surpassing the $26,000 milestone. However, it retraced shortly afterward and reached a 24-hour low of $25,791. Analysts are speculating that it may potentially drop further to $25,000. These sentiments are influenced by ongoing discussions on cryptocurrency regulation, which have been dominating the news recently. BTC/USD daily chart On the flip side, gold prices initially saw an uptick, reaching $1,959 per ounce during the session. However, as Asian traders kickstart their day, the price of gold has resumed its downward trajectory, edging closer to the $1,930 level. This downward movement can be attributed to the hawkish stance of the US Federal Reserve (Fed), which has bolstered the United States Dollar (USD). The prevailing market sentiment currently favors the USD, consequently exerting downward pressure on the price of gold. XAU/USD daily chart The US dollar has demonstrated a decline against multiple currencies, resulting in a 0.32% drop in the DXY index. Among the currencies, the New Zealand dollar (NZD) experienced the most notable movement, surging by over one percent and reaching a three-week high at $0.6211. Meanwhile, the Euro (EUR) and the British Pound (GBP) registered more modest gains, each recording an increase of 0.39%. NZD/USD daily chart Despite the release of favorable exports and machinery orders data, the Japanese yen encountered a 0.9% decline, emerging as the primary loser in the Asian markets. Investor focus was predominantly directed towards the upcoming Bank of Japan (BOJ) meeting scheduled for Friday. It is widely expected that the central bank will maintain its accommodative monetary policy stance to bolster domestic economic growth. This anticipated approach is anticipated to have a favorable influence on Japanese stocks. USD/JPY daily chart Nevertheless, the Japanese yen is expected to encounter further selling pressure as interest rates rise in other regions, diminishing its appeal. Bank of Japan (BOJ) officials, including the newly appointed Governor Kazuo Ueda, have expressed their intention to maintain the bank's yield curve control policy to provide support to the domestic economy. Furthermore, the diminished anticipation of Japanese government intervention in stabilizing currency markets has contributed to the yen's weakening. While officials have issued verbal warnings, no concrete actions have been taken thus far. Currently, traders are closely watching the upcoming monetary policy announcements from the European Central Bank (ECB), scheduled for later in the day at 12:15 GMT. It is widely anticipated that the ECB will implement a 25 basis points increase in key rates. However, the Staff Economic Projections and the subsequent press conference by President Christine Lagarde will play a crucial role in shaping future policy direction. Market expectations indicate that interest rates will likely reach their peak in July, with speculation of an additional rate hike following June's increase, followed by a potential pause in September. If the ECB adopts a more hawkish stance by implementing a rate hike, it is expected to exert additional selling pressure on the price of gold.
by FOREXN1
1
SEC on FireMorning folks, We warned even in February that regulation will become one of the major drivers this year. And now we're getting only fist fruits. Our scepsis on reliability of current rally is confirmed by price action and explains why we haven't considered any long entry despite, at first glance, solid BTC jumps. On Thu, last week, we already warned about potential weakness on daily chart, as market was not able to re-start upward action from strong support area. Chances on downside continuation increases. On daily target remains around 24.2K. On this, 4H chart we have two more intermediate targets, based on potential butterfly. Market is forming flag consolidation right above the lows, which could mean preparation for challenge.
COINBASE:BTCUSD
by Sive-Morten
Tight SEC holdingsMorning folks, So, SEC seriously starts working with crypto. If you believe that G. Gensler will easily relief this subject - you're wrong, we're just at the beginning of nightmare for Binance and Coinbase. Just understand that stocks regulation is detailed statement of owners, reserves, cashflows etc. etc. And I'm sure that a lot of blank spots will come on the surface if real regulation starts. Traders do not like "regulation" topic, treating its boring, but we've warned about it two months ago in our fundamental report, dedicated to regulation topic. Now what? Well, in short-term, while SEC is preparing next step and while the court will consider initial lawsuit bill, BTC could get relief. But, at the same time, chances on downside continuation are solid. Still, if you would like to buy - technically you have reasons to do this. On daily chart we have nice bullish engulfing pattern, including reversal session, and here, on 4H chart it takes the shape of reverse H&S, suggesting upside extension. Price is already at the bottom of right arm - particularly point for decision making. Don't hide stops too low, use puny reverse H&S pattern on 1H. This, at least minimize your risk. Bears, it turn, should wait for H&S failure and drop under 26K lows. In this case downside action starts, supposedly to next daily target around 23.5-24K area. Guys, I place the direction for this analysis as "long" just because of technical picture, but personally I will not participate in this trade due to high legislative risks.
COINBASE:BTCUSDLong
by Sive-Morten
26778Morning folks, We're keep watching for BTC suffering around bullish vital 26.5K support area. First pullback looks not impressive and is looking not like the start of new upside action. Now, market is coming on 2nd test. For the truth sake, our preferable scenario is downside breakout, just because of not friendly fundamental background. This week US Treasury starts grabbing liquidity for new 170 Bln Bond issues. Not too much, right, but this will happen week by week until the end of 2023, and until they grab ~1.5 Trln. Add here the Fed's QT of 95 Bln/week... So we will see... Meantime, today we have to watch for 26778 daily close price. If BTC will be able to hold above it, it keeps chances on some upside continuation. Breaking our support of 26.5K area means that we're going to next support area around ~24K. If you want to know precise downside targets, watch the video.
COINBASE:BTCUSD
by Sive-Morten
26.5-26.8 is a vital area for the bullsMorning folks, As we've warned you last time - don't be too happy with debt ceil rally, as it is nothing to celebrate by far. Formally, BTC keeps bullish scenario valid, but it stands at the edge. We suggest that 26.5-26.8 is a vital area for the bulls, because this is last logical retracement level. Downside breakout opens road to next 23K support and target area. It means that bears should wait for breakout under 26.5 or lower to think about short entry, while bulls should wait when xop (blue) target will be reached, then turn to 1H chart and watch for bullish pattern (say, reverse H&S) for position taking.
COINBASE:BTCUSD
by Sive-Morten
GBPUSD I Possibly a break of the channel line +100 pipsWelcome back! Let me know your thoughts in the comments! ** GBPUSD 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!
Long
by BKTradingAcademy
39
BTC volume profile orderblocks On the left side of the chart we have areas of significant volume that pose as problems or areas of potential congestion for BTC as it climbs back up towards new highs. These areas are bearish orderblocks and we can generally expect price to react in a bearish manner off them. Once price gets above and consolidates it becomes new support. As shown by the green areas that we have reclaimed during this rally that started at the beginning of 2023. The POC (point of control) for both the bearish downturn of the previous year and the recent bullish rally are below the current price and that is encouraging. The VAH is acting as support for now, price needs to breakthrough the next bearish OB, once reaching 33K the volume profile shows there really isn't a lot stopping price climbing quickly towards 37.5K where the next VAH and huge bearish OB lay.
INDEX:BTCUSD
by ProR35
EURAUD I Correction completed from recent impulse - LONG Welcome back! Let me know your thoughts in the comments! ** EURAUD 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!
Long
by BKTradingAcademy
46
Tricky rallyMorning folks, So, Debt ceil achievement, as any external factor, has brought its own adjustment to technical picture. BTC emotional reaction is understandable, but what will happen, when, say bill will stuck in Congress or Senate? In both Houses we have very fragile majority of Rep and Dems correspondingly. But, most interesting - what will happen to BTC (stocks and other markets) when US Treasury will come on stage and start sucking all liquidity that it could? So, I wouldn't overestimate recent BTC reaction. Still, in short-term, 29K XOP target could be reached. We do not consider new shorts by far, waiting when upside momentum will exhaust. Around 29 K resistance we get big "222" Sell pattern. And It takes bulls awhile, how it would be better to buy. From risk/reward ratio, it makes sense to take position only if you could enter/place stop not lower than 27K, because target is just 1K above the market.
COINBASE:BTCUSD
by Sive-Morten