ES Weekly Analysis (Buy with Caution)The current market conditions is giving me cause to pause as it relates to putting in buy orders. To me it seems as if the market is poised for a steep correction over the next week or so. My current thesis is based on the fact that the ES-Mini for the better part of this week was priced well above the weekly 3 ATR. What was particularly alarming for me was that nearly every time we have that type of run to those prices we've seen a steep pull back in the coming weeks. Currently I have a "No Buy Zone" of any contracts priced above 4400 all the way up to 4504 (also want to note that for the better part of this week my "No Buy Zone" ranged from 4380-4453). In my view we are seeing buyers like myself shy away from those higher priced contracts in fear of having the algos pulling the carpet on us for 100-130 points.
The daily chart also is resonating the weekly sentiment in that we are seeing a decline in V-Score which is indicative of buyer exhaustion. (See Chart link for more details)
Even more alarming is the weekly VIX chart which illustrates that the VIX is currently in a squeeze which could spell trouble for buyers if they get caught reaching for expensive contracts in the "No Buy Zone." (See Chart link for more details)
(Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.)
Dailyanalysis
ADA/USD: Cardano testing in the weekly zoneThe only information that I have in my hand it's that Cardano it's in the same consolidation too as Bitcoin too, but the difference it's that Cardano make testing in the weekly zone, in the esactly higher zone where Cardano break out the rally to continue to $2 dollar and down. But now, I have so clear that Cardano it's bullish, just waiting or use Cardano to invest in the smart cryptocurrency..
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But now, Cardano could to forming a bullish rising wedge, but now, I do not going to trade Cardano as Cardano in another way, could to be more influenced by Bitcoin. As Bitcoin and Cardano it's not clear to trade. For that, I consider this like neutral, but with bullish expectative to investment!!! Just I believe that Cardano testing in the weekly zone.
XRP it's in the best zone to buy and hold!!!Hello everyone, in this overview. I wanting to analyze XRP. I see that XRP it's into the reaction in the zone of $0.69 cents. Now, I do not use more bybit because in Simple FX you can to trade whole cryptocurrencies, and also, you have an option that you can to deposit XRP in Simple FX and trade cryptocurrencies and all earns or loss will be accredited by XRP. Now, XRP it''s in the demand zone around the level of sixteen cents.
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But if you look the monthly timeframe. XRP it's extremely bullish to invest and hold. Guys, there's a lot news and fundamental key that XRP it's preparing for the next era of the history of money and how the financial market will be evolving with this cryptocurrency.
A good counsel, I have a plan B if I see that XRP it's more better than another cryptocurrency because it's would exist a chances that XRP will be a distinguided cryptocurrency that today it's a sleeping giant with great potential that I watch.
Now, I want to share you a summary of fundamental key and news about XRP:
1. THE CBDC (Central Bank Digital Currency) it's working to fix the corrupt economy and the financial monetary system to make a change for the digital economy and soon, we hope that big institutional like Amazon and many others going to use XRP to make payments in bridge-to-bridge to by connected with our traditional economy to use dollar, euro, pound, pesos and world currencies to change the value for XRP like the exclusively cryptocurrency for payments internationals for business.
2. Banks like Vietnam, France and many others are using right now XRP to be preparing to the next massive mass of the wealth transfer in the history of money.
3. U.S. Federal Reserve it's preparing a plan to change the major economy in America and they hope a secret plan together with the U.S. Government.
That it's very key to take in note. now, a comment of Jeff Bezos said that XRP will worth $1,000 USD in 5 years. That mean that if you hold over 1,000 XRP coins or more, you will be the less 1% of the financial elite by secret society who know this secret information, included me.
1,000 XRP coins worth $679 USD. But in my case, I'm in Cardano more enfocous, and now I have 6.32 Ethereum coins as Ethereum it's right now in the rally. But, if I see that XRP it's more better and more attractive, I will going to change to my plan B for XRP. Now, my 6.32 ETH worth in XRP like over 20,000 XRP coins. But, I see that XRP/ETH it's bearish if you compare XRP/Ethereum ratio. But I have this plan to get more of 20,000 XRP to hold in 5 years.
Guys, that it's all, but if you want to know what it's XRP, I invite you to know the information that just the financial elite know and how XRP work for the financial markets, but XRP it's controlled by the financial elite like Federal Reserve, Government, big institutionals (Amazon, Tesla, Ebay, etc...) and banks (Central Bank of Viertan, French, European Central Bank, etc...) and International Monetary fund and many others big institutions in Finance and financial markets. All it's secret and population don't know any of Bitcoin, cryptocurrency and specially XRP.
Ethereum it's hold the key support of $2,000 USDOk, I will change a little my strategy, I combine this using Daily zone becuase it's show me good zone where are the key zones. For that, I believe with more clearfully that Ethereum it's holding above of $2,000 USD. Now, I have a forecast that Etheruem it's supportint the $2,000 USD key support psycological. Now, I see that Etherum may to continue up to $2,900 USD in the next days. For that, I put a long posiiton and re-entry in this cryptocurrency.
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You can view the Daily panoramic here in this screenshot more better if you want to know.
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And then, this it's the 3 Daily chart, I see that Ethereum it's showing us a strong support above of $2,000 USD. And there a lot chances that Ethereum may to recover the $3k and $4k level zones. But, I just analyze this timeframe in H8 timeframe.
Ethereum form a bearish rising wedge; bearish signal!!!Unfortunately, Etheruem it's leading to the bearish movement to $1,500 USD. Now, Ethereum it's show us a nice trade to $1,500 USD. For that, this trade will be so simple to get profit in this cryptocurrency.
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And also, talking about the Daily chart, Ethereum it's look extremely bearsih as Ethereum broke down the key support stronger of $2,030 USD, And that put extremely bearish for Ethereum.
Bitcoin it's the best money of the history!!!I want to say that Bitcoin it's leading to the bull market as I know that it's a bull trap. For that, be prepare, Bitcoin completed 100% a correction ABC , and could to begining a new bullish cycle using Elliot Waves.I predict that Bitcoin could to reach the mark of $400,000 USD. Guys, in this time, the financial economy are sicking, the inflation it's coming on and now, a lot countries are happening an up of the good and services, and people don't know it. For that, nobody look this chart.
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Now, look this screenshot, we see that Bitcoin make support above of #30,000 USD and there's a lot concluence in this zone that it's making rejected. For that, take it in note.
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In this other screenshot, we see that Bitcoin formed an ABC correction of this elliot wave cycle, now, Bitcoin could to to forming a new bullish cycle toward over of $100,000 USD. This it's a target psycological of 6 figures.
That it's it guys, For that, I change my perspective in Bitcoin becuase I found out that Bitcoin invalided the simetric trianlge and there's a lot chances that BItcoin could to form a bullish flag .
Invest in Bitcoin!!! Bitcoin it's your own real money and don't hold fiat currencies like Dollar or Euro , use the money to get real money, and not fake money, based in the lesson of the author Robert Kiyosaki in his book Rich Dad Poor Dad
NASDAQ - direct breakout or correction?In contrast to the other indices, the nasdaq still looks very strong. But I expect that we see another corrective movement up to 13,700 and 13,550 points. From there I see the price rise to over 14225 points and continue its higher-level movement in the direction of 15268 points. Therefore, the stored target area should be a good opportunity for buying long positions. In the long term, however, the goal of 15268 points remains unaffected.
Conclusion: In short term I expect the Nasdaq to drop again between 13,700 and 13,550 points. From there I see prices above 14225 points.
Buy XRP in the deep dip!!!Long PositionXRP it's look interesting in Daily timeframe and we see that XRP could to forming a bullish rising wedge in formation. Now, I have a forecast that XRP could to go back to $1.72 USD when the plan of financial elite going to work soon. For that, this it's very important how XRP work. XRP it's the money of the banks!!! "The secret plan"
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Now, in weekly timeframe, XRP it's look bullish in long term to reach the $3.40 USD, that it's the historical maximum price what XRP reached. So guys, you can to trade XRP in bybit and keep this position to long. Or you can to use Simple FX and open up a XRP account to fund it, but Simple FX doesn't offer the XRP/USD par to trade XRP. But maybe in the future, they'll add XRP.
Ethereum it's into this strong support; buy the dip!!!Ethereum it's look interesting to hold, invest or buy Ethereum contract. For that, I decide to buy just 1.40 Ethereum contract as I have a margin of 3,433 ADA coins. For that, if you look this psycology and strategy. Ethereum it's in the strong pivot that could to be bullish in this point. We look firstbly that Ethereum was into this simetric triangle in formation, but broke down and then, we see that Ethereum it's in the psycological point that we consider a strong support and in 3 occasion, Ethereum make this strong support that it's an important level to hold Ethereum above of $2,000 USD.
My counsel for amateur it's beware putting short position in Ethereum, becuase in that zone, and based in my other experience that I havened wiith others cryptocurrencies like Chainlink it's forming a repeating pattern that I consider in my trading day-to-day
Guys, if you like this analysis, please hand up, share this information with others amateuris and traders or people who thinking to trade Ethereum or cryptocurrencies to know my perspective. '
In minutes, I will going to post here a Chainlink past analysis of this chartist pattern that I see in the past in this cryptocurrency. But for now, it's may to repeat with Ethereum.
NASDAQ - The bulls are strong, but we need new momentum!Old chart analysis:
"Ralph nelso Elliott assumed that trends move in 5 waves. The waves 1, 3 and 5 are impulse waves. Waves 2 and 4 are corrective waves. After completing the 5 waves, Elliott assumed that a correction would follow. We also saw this correction in the nasdaq.**
According to Nelson Elliott, the correction takes place in 3 steps. ABC correction. In my opinion, the ABC correction has taken place in the nasdaq and has been completed. That means that basically new highs can be achieved again!"
Update:
The Nasdaq is strong! The price continues to increase and we could see this movement continue up to 14225 points. Here I actually see the end of the wave and a correction up to the target should give us the opportunity to establish a position again. However, with that much power, we can also see a direct breakout. To do this, the price should stabilize above 14225 points. In this case, I also have to do a more aggressive count and adjust the targets upwards. In the overall view I see the Nasdaq around 15269.
I expect the current upward move around 14225 points to switch into a correction. However, if the Nasdaq holds levels above 14,225 points, another breakout must be expected.
H4:
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For my followers to understand my analysis:
The topic is only described very roughly and is intended to give you a first overview of one of my analysis methods.
1. An impulse always moves in five sub-waves.
Waves 1, 3 and 5 of these are motive waves that move in the same direction as the overall trend.
Waves 2 and 4 are corrective waves, i.e. they correct the previous movement.
The following rules apply to an impulse:
-Wave 4 must not overlap with wave 1, except in a diagonal.
-Wave 3 is never the shortest wave.
-Wave 2 must not fall below the starting point of wave 1.
If one of these rules is broken, the chart analysis must be revised.
2. A correction wave moves in the opposite direction to the overall trend.
Corrective waves are three-part and basically consist of waves A, B and C.
Waves A and C are primarily impulse patterns of the corrective movement and drive the market in the opposite direction to the overall trend.
Wave B corrects the previous wave A and even has the potential to surpass the starting point of wave A.
3. The standard pattern consists of an impulse wave and a corrective wave.
These standard patterns repeat on a short-term basis as well as on a multi-year basis. In other words, every single wave consists of several sub-waves and in turn belongs to the larger picture. For example, wave 1 (an impulse) itself consists of five sub-waves.
This standard pattern continues and accordingly always merges into a higher level.
4. Relation Between Fibonacci and Elliott Wave Theory
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
Wave 2 is typically 38,2 %, 50% or 61.8% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
You can use the information above to determine the point of entry and profit target when entering into a trade.
Long Position: Bitcoin continue up!!!I put a buy order limit exactl at $40,000 USD as Bitcoin break out the resistance, that it's now support in the level of $39,400 USD. My SL will be around of $37,000 USD and my target will be the level of $53,600 USD.
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I see that in H4 timeframe, BItcoin continue up maybe in the next hours.
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And looking in Daily timeframe, we see that Bitcoin it's extremely bullish to $%3,100 USD, for that, the reversal could be valided in the trend.
Dogecoin form this bullish channel!! At the moment, we see that Dogecoin support in the level of 0.618% of Fibonacci, in the price above of $0.31 cents. Dogecoin may to reach the $1 USD in medium term. This it's my analysis who people are interesting to invest in Dogecoin, now, if you want, I will going to analyze DOGE/BTC to know if you will need first invest in Bitcoin and then, invest in this cryptocurrency as I do with Cardano, that I sold Cardano coins for Bitcoin when the par ADA/BTC continue down to conserve my Bitcoin power.
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This it's the 3 Daily chart that you can to analyze better that Dogecoin it's into this bullish channel. To confirm that Dogecoin going to be bullish, Dogecoin need to break out the resistance of $0.43 cents to continue with this bullish movement to $1 dollar.
My possible next trade for Ethereum!!!Ethereum show us that form an ascending triangle, a bullish pattern. Now, I analyze from H12 timeframe and I look that Ethereum form this chartist pattern, I don't going to trade Ethereum until make a break out. For that, my main trade will be Bitcoin becase Bitcoin Dominance it's up and altocins are suffer when you compare Altcoins/Bitcoin ratio. My possible predictiion that Etherem could to reach it's the mark of $4,000 USD.
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But if you look the Daily timeframe, Ethereum show us that the trend it's make always lower higher in this key support line from began on 2021 from the price of $1,200 USD approximately. That could be a good news for Ethereum that the next price will be above of $4,000 USD.
My possible next trade for Bitcoin!!!Bitcoin form a simetric triangle in H8 timeframe, but at the moment, we can't to buy Bitcoin, I hope to buy Bitcoin contract above of $37,700 USD.
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Now, if you look the Daily timeframe, there's 2 indicator that show that Bitcoin it's preparing to continue to bullish movement soon. MACD show us good zone to buy, but not confirmed in the price action, for that, I decide to hope until Bitcoin break up the resistance at $37,700 USD. Meanwhile, in the RSI Bitcoin form a bullish diverngece making lower higher in the indicator and the price action maybe a lower low. That could be an indication that bulls are preparing to make a movement volatile soon!!!
At the moment, my idea it's neutral, but the chances could be bullish!!!
NASDAQ - VERY STRONG!The market was able to defend the 13776 point mark in yesterday's trading and build a new intermediate high – very strong! We should assume that we are still in a wave iii and have not completed them.
In the next step, prices around 14021 to 14147 points can be achieved. Above this range the scenario is even more bullish. It is to be expected that the market will move on as long as we can hold 13829 points.
The intermediate correction will start below this level. In the bigger chart picture, I reduced the probability of a drop below 12609 points to 35%.
Conclusion: The 13828 points are the decisive factor. As long as we don’t break below this level, further intermediate highs are to be expected. I´ll keep you up to date.
45min:
H4:
Last chart update:
"The Nasdaq reached my primary expectation and achieved the minimum targets I set. If the index falls below the level of 13776 points, I assume that we are in the next intermediate correction, which should primarily takes place within the range of 13600 & 13400 points. But we could also see a deeper correction (as you can see in my secondary scenario) - A correction is needed for a bullish run!
In both cases it is important that the corrective movement is completed over 12954 points. Below that, we would have to look in the superordinate chart to a larger intermediate correction, which would also mean prices below 12609 points!
Conclusion: The Nasdaq can initiate its next intermedaite correction. However, I am only convinced of this if we sustainably fall below 13776 points. As long as the market can hold above this, nothing stands in the way of a further expansion of the current movement with direct new all-time highs."
I'm bullish in Tezos!!!Tezos it's so near to break out inminent. I decide to trade Tezos until 2 specific target. You can to get the target until $5.76 USD or keep this position until the $7.70 USD to touch the maximum price. Tezos price it's around of $3.50 USD and I buy 234 Tezos contract in Simple FX using my Cardano account to accumulate it.
Recently, I have accumulae 2,000 Cardano coins in my Simple FX account, that it's sum with 10,000 Cardano coins. But I want to talk about of one Cardano strategy that will be good for you and how you can to accumulate Cardano, and use this Cardano generated by your trading account to invest and hold by long term. This strategy it's called accumulate 1,000 Cardano coins, repeating tis proccess to get 1,000 Cardano coins and withdraw and generated another 1,000 Cardano coins.This it's fabolous for you if you beleive that Cardano it's your best cryptocurrency. MY GOAL IT'S TO REACH 20,000 CARDANO COINS.
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This was the yesterday analsyis of Tezos, we see that Tezos it's look extremely bullish to $7.70 USD.
Nasdaq - the beginning of wave (iv) ?After the NASDQ reached my target for wave iii, the index shows a clear reaction. This could be the start of the corrective wave iv. A first clear sign of wave iv would be a sale below 13774. Then I expect prices around the stored trading area around 13550.
This would be the ideal target of wave iv as long as no new highs are built. If this is the case, the trading area shifts upwards. I will specify this area in the next update as soon as the high is confirmed. The primary expectation is still that we see prices in the 14350 range in form of a wave v.
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