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US100 Daily analysisHi Traders Todays analysis on US100, on the daily chart. You can see that price made a huge double bottom, made up from 2 separate double bottoms as ssen in the chart. This is a strong trend reversal, and leaves us open for a possible long swing trade. Price has made the double bottom and made the first push up, as you can see, the previous daily close gave us a strong engulfing going long, after 2 bearish sticks, signaling a retest of the double bottom pattern, which 9 times out of 10 will send you rocketing to confirm the market reversal
ULong
by faddy
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near term is $22972, if the support is broken the next strong support is at $22439. Now let's move to the resistance line, as you can see the first resistance is $23211, if you manage to break it the next resistance will be $23430, $23605 and $23780. Looking at the CHOP indicator, we see that most of the energy has been used up, the MACD is close to entering a local uptrend, while the RSI indicator is moving at the upper end of the range, which may indicate a small correction.
by cryptodailyuk
1
Better to sit on the handsMorning everybody, So, overall tendency and sentiment is positive on BTC market (although we're skeptic on major reversal idea due to fundamental reasons). Technically market should not have any big problems to reach 25.5K area - next solid resistance. But, there few moments that make it tricky. First is, as EUR as Gold now stand at strong resistance areas. EUR is at 1.0942 weekly 50% Fib level, while gold is at 1950 monthly overbought. Second - today we get GDP and PCE numbers. If they will be poor, investors will be scared of recession that will trigger demand for US Dollar, at least in short term. That's why, by these reasons, and also because here, on 4H chart we also have some signs of weakness, we prefer to wait for some pullback.
COINBASE:BTCUSD
by Sive-Morten
2
NASDAQ can move higher? 🦐NAS100USD on the daily chart has created a triple bottom. The market tested a few times the weekly support at the 10700 level and we notice how after the first 2 tests the market went up for a distribution phase. It is interesting to see the liquidity grab before the next bearish leg to the support where, also thanks to the recent news we had a new inversion at the support level. How can i approach this scenario? Being Friday it will be risky to open a position but IF the price will break above the resistance area we can set a nice long order according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:NAS100USD
by InkyGrip
4
USDJPY I Up 260 Pips! Short coming soonWelcome 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!
Short
by BKTradingAcademy
31
EURCAD for a new high 🦐EURCAD on the daily chart is trading below a weekly resistance at the recent high. The price after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high. How can i approach this scenario? I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe to look for a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
13
GBPUSD I Short from channel resistance Welcome 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!
Short
by BKTradingAcademy
28
Pullback to 19-19.45K area Morning folks, So, BTC rally has been triggered by FTX news, that they have recovered $5Bln for clients and later was supported by common euphoria around CPI numbers. In our weekly FX report we've explained why it is temporal and soon everything returns back to its own. But, market likes to follow wishful thinking. Anyway, we have bullish context. Last time we've agreed to watch for 19.1K area resistance, were waiting for some response. It has not happened, and this makes us to switch to next, XOP target that market has hit recently. Now price stands at 1.618 AB-CD extension, at overbought and near 21.6K Fib resistance. Definitely it is not the moment for position taking and we need to wait for pullback. Now we consider 19-19.45K levels, as most probable destination of retracement. Still, we also do not exclude possible reverse H&S pattern. In this case pullback could reach 18.3-18.5K level. For the bears it is nothing to do by far, unless you're trading on intraday charts.
COINBASE:BTCUSD
by Sive-Morten
ATOMUSD Daily S/R Resistance| VAH| .618 Fibonacci Evening Traders, Today’s analysis – ATOMUSD- trading towards a key resistance zone where a rejection is likely, Points to consider, - Price Action Corrective - Daily S/R Resistance - VAH Resistance - .618 Fibonacci Resistance ATOMUSDT’s immediate price action is at an area of resistance compromised of the .618 Fibonacci, Daily S/R and the Value Area High, this allows for a bearish bias. A rejection here will continue the bearish trend by establishing another lower high. The overall target is the POC and level that will confirm the next higher low if price action finds support. Hope this analysis helps! Thank you for following my work And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee,
Short
by AzizKhanZamani
2
NZDJPY I Inverted head and shoulder - LONGWelcome back! Let me know your thoughts in the comments! **NZDJPY 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
16
19.2-19.6 is next beacon for the bearsMorning guys, Last time we've postponed bearish position taking as market strongly has passed through 1704-17080 resistance area and we've agree to watch for next upside target around 17.6K. Additionally we've said, that with stronger upside performance we could have to increase the scale and take a look at larger AB-CD pattern on daily chart. Now the time has come. As FTX was able to recover 5 Bln in cash, market lifts in spirits. Now we think that bears should keep hands in pockets and bulls get chances to see BTC around 19.2-19.6 K level. This level is rather strong. Additionally we get "222" Sell pattern here. Long term bearish context is still valid. If you intend to take long position - you could consider 17.6 and 17.8K intraday support levels (not showing here), but be aware of today's CPI report. Besides, you have to control upside breakout of 18.4 local top (B point) here. Downside reversal and erasing of recent rally should keep you aside from taking the long position. Downside reversal is not cancelled, it just postpones, giving market to show larger scale pullback.
COINBASE:BTCUSD
by Sive-Morten
AUDUSD I Scalp and intraday buy from supportWelcome back! Let me know your thoughts in the comments! **AUDUSD 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
18
Postpone bearish scenario until 17.6KMorning folks, As you could see BTC has reached the level that we've discussed last week - 17040-17080 resistance, and did it relatively easy. Since we consider upside continuation on other markets as well - EUR, Gold, on BTC we also postpone bearish scenario and now do not consider entry. Price stands above the K-resistance area and above OP target that we've discussed last time. At the same time, the bearish context is not broken and around 17.6K we could get the same "222" Sell. 17.6K is a next Agreement resistance area - 5/8 major Fib level and upside XOP (1.618) AB-CD target. Bulls probably could consider long entry on minor pullback. The retracement right now should not be deep. Otherwise, it could mean that BTC still reacts on 17.1K area.
COINBASE:BTCUSD
by Sive-Morten
1
S&P500 Weekly Ichimoku Analysis for Week 2 2023General outlook for SP:SPX The overall market trend is still downwards and I expect that we will see more in Q1 downward pressure due to adjustment of earnings and the higher and higher possibility of, at least, a mild recession in the US and EU. The FED will tighten the monetary policy further with one or two rate hikes of 25 bps in Q1. Furthermore, QT is running with 90 Trillion per month. This week all FED communication was clearly hawkish with statements that the terminal rate will be up to 5,4% in 2023 and no rate cuts in 2023. I will still act according to "never fight the FED". Therefore, all bullish signs are short-lived and any chance to sell into a rally should be still used. Since mid-December the S&P in a range between 3.900 USD and 3.770 USD. As described above the overall market trend should still be bearish, at least in Q1 and Q2. There the likelihood of a bullish break out over 3.900 USD is quite low in my opinion. In case there is a short-term bullish outbreak, this will be pushed back by the 1-year downward resistance line with sits at around 4.000 USD at the moment. Before this trendline is not broken and switched into support, I will be very cautious on the long side. For next week I expect some volatility due to the inflation number. Especially as the inflation number in France and Germany came out lower than expected this week. Ichimoku analysis My weekly analysis is based on the 1D chart. Lagging Span is below the Price Base line is above Conversion Line Price is within the cloud -> Price ranging Currently Conversion Line, Base Line, and Kumo are flat / ranging 4H Resistance / Support Zone Resistance between 3885 USD and 3900 USD Support between 3785 USD and 3770 USD Long Idea - Price Breaks above cloud resistance at 3960 USD and turns the 1-year downward resistance line into support. In my view, this will not happen in the next 3-4 months. Short Idea - Price Breaks below the cloud and below 4H resistance at 3770 USD I will look for a retest of the support zone. If there is a retest this should be a good short opportunity. Take Profit Target: 3565 USD (around 2022 yearly low) Stop Loss: Above Base line
OANDA:SPX500USDShort
by chukymuc
1