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Decisionpoint

GOLD (GC1! Futures) Mid Term UpdateFollowing on from my previous analysis, GOLD has made a sustained move upwards from the lower PURPLE zone, hitting both the 0.5 FIB and the GOLDEN ZONE respectively: At the time of writing this, price has now settled at the top of the current PURPLE zone, and has stalled at a daily trendline starting from the 20th July. There have already been three major rejections, with price action now essentially testing the trend for the fourth time. The the pre-war gap is also waiting to be filled. A move down from this area would form an inverse head & shoulders pattern on the daily, which would signal a real reversal from the trend established a few weeks ago on the weekly. Just as a refresher, until a trend reversal has been FIRMLY confirmed on both the daily & weekly timeframes, the long term target of the original H&S pattern still stands. That would be around 1745 on the futures chart: As we all know, Gold is a safe haven asset, so it makes sense that it has seen some strength over the coming days, however, it is important to remember that while war is a sad thing, the market will not be spooked by it forever. As we saw with the Ukraine war, once boundaries have been established from either side, you can expect to see a return to the norm for golds normal fundamental plays. There are now two possible scenarios to consider: 1) A break above the aforementioned trend line, with a retest of the PURPLE zone leading Gold to move up higher. The first initial target would be the minor zone at 1966. A break above leading to the higher minor zone, that being 2010. OR 2) Sunday nights open leads to a short consolidation, leading a sharp drop of gold over the following days. Keep in mind, while price action has been bullish in the short term, on the daily and weekly timeframes, the trend is still BEARISH. I will be posting more closer to time analysis throughout the week - based on the 30 min chart - so keep an eye out. Please keep in mind, this style of trading is based on confirmations. This is not scalping, or "quick money". This is not financial advice, so please, manage your risk accordingly.
COMEX:GC1!
by Aaron_K_Trading
1
Two scenario for TSLA (tsla)hello guys In upper time frame tesla has a compression on left of chart It is neither broken nor engulfed, so this makes the stock more bullish, this QM that formed on gray area occurred on last zone of that compression. Now price is on a hidden gap area (master candle or long bar candle make it) commonly this area breaks up (because price reacted before). For breaking up this level firstly price should gather some order or stoploss. I have two scenarios: Scenario1: Price reaches to first liquidity pool to takes some Liquidity and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline) Scenario2: Price reaches to second liquidity pool and gap that price made before to takes some Liquidity (this area is so fresh that make it more important) and then will start upward movement until touch MPL area (this area is great because correspond with bearish trendline) always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment. BE PROFITABLE
NASDAQ:TSLAShort
by melikatrader94
16
Trading exactly at Supply/Demand Equilibrium PointWill be very interesting to see how we trade here in the next 25-30 minutes. Using Supply/Demand trendlines as shown in chart, I am seeing Supply = Demand at ~ 7:25AM 7/12/2022 (EST) @ the price level 3826.71. This is right where we are now. A further analysis using Calculus gives me a bullish conditional expectation from here. If Price gets back above 3683 this morning (after the point in time where demand becomes greater than supply (so after ~7:25AM), then it will activate markup of this accumulation phase. The 3683 I have obtained from 2 separate methods, the one relevant to the Supply/Demand in chart is as follows: Find the AUC of Supply/Demand (a hyperbolic expression) by integrating over the time interval from beginning of supply trendline to point of equilibrium (= 30.97 trading days), then add to X_e to obtain the markup level. When this is broken before time of equilibrium it can result in a short squeeze if price gets far enough away, but we ran into resistance this week so had to backup/retest for support and will now re-attempt. Green dashed line is illustrative path if squeeze unfolds (still can), green path is expected path if there is no squeeze. Black path illustrative of what could happen if it gets trapped back in between the S, D trendlines Red path is breakdown. These are not precise, just wanted to illustrate the most likely scenarios that can unfold from here and alert that we are at a critical point in price and time... right now. StochRSI and MFI both point toward breakout, other math not included points toward bullish from here. A bullish catalyst would do the trick, but might just occur on its own based on Gann Time Cycle (not included). Bet.
OANDA:SPX500USDLong
by JerryManders
3
Bitcoin getting ready to make macro trend decisionIt looks as if we've reached the same scenerio as we did last July, where bear market is looming and reversal seems improbable according to the moving average. Looking back at the last cycle, we can see there was less consolidation with a deeper bounce and faster moving bounce. If consolidation continues and the wedge is broken to the upside, likely we will be in a period of extended consolidation as the moving average could negate breaking downtrend high's. So buckle up and relax. We could be in for a wild, or extremely slow ride. Feel free to let me know your trend prediction in a reply below. :)
INDEX:BTCUSD
by scalpedpotato
3rd OF DECEMBER CHANGE - MICROSTRATEGY - MSTR - DAILYAn overall view of MicroStrategy company buying the BTC deeps and having his curve being more more correlated to the Bitcoin evolution. We can see that overall , they were some FOMO in the first part the year 2021. But the price in finding support on an ascending probable trend marked by the green line. The market rebonds on it every time that the Bitcoin went down. The 3rd of December have seen the market breaking the uptrend green line for the first time. There is a probable horizontal very strong support which is in red. Next week will possibly be a major week for the MicroStrategy price evolution as it might evolve under the red horizontal super strong support. OR, do a strong pullback on it to try to find its normal uptrend. Beware of volumes which are probably not that indicative. We have seen in the pass super strong volumes for not much price movement. Not financial advice please do your own search.
NASDAQ:MSTR
by Diallo_Charts_Ideas
Nearing an important decision zone on SilverThe silver made three significant wicks to the bottom resistance area on 24 September 2020, 30 November 2020, and 9 August this year. Each was higher than the previous one. On the one hand, such an area will have a high concentration of buy-limits, sell-stops, and stop-loss orders. If broken by a sufficient margin, limit order buyers will trigger their stop-loss increasing liquidity for buyers. If I were a bank, I would love to have this level broken and open big longs. On the other, the sentiment on silver is great and might get even better if fiscal policy-makers create more chaos than they already did. In that case, I wouldn't rely on the price ever reaching there... Either way, silver is going up with very fleeting momentum. The previous month's low should give us a clear reversal. If the bears wish to change the direction, that's probably the most logical level in the chart to do that. And if they get beat, I expect more buying right above the previous month's low. Hence - it's a decision area.
OANDA:XAGUSD
by OrcChieftain
Final decision time for BITCOIN!It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months). technical long target ~48k - first major resistance @38k technical short target ~14k - first major support @24k Also, pay attention to the bullish divergence in the RSI. The green path shows the potential upwards movement after breaking the triangle. The red one shows a possible way to reach the bearish target of 14k. Tbh, I don’t think we will fall below the 2017 ATH (20k). Actually, the fundamentals are looking not too bad and every dip to or below the 24k area should get bought up very aggressively. Have a great week.
BITSTAMP:BTCUSD
by tradingflx
1
BTC - Three Possibilities for MayBackground : If you read my earlier TA you know we entered May focused on two possible outcomes for the month- one is a correction and the second was consolidating between 50-60k. Based on the recent price action and breakout from the triangle on 07 May that was validated by restesting that former resistance as support- we are adding a third possible scenario. Despite the weak price action and my three scenarios below, I am of the opinion that we are seeing industry continue to accumulate Bitcoin in this range. Grayscale made over $1 billion USD investment in crypto in the past ~10 days, and in addition to the healthy outflow of Bitcoins we also observed 2 massive Coinbase OTC order over 10,000 Bitcoins each at prices over $55,000 USD. Note - If you spent any time reading my TA you know I am not keen on absolutes. Patterns rarely land absolutely where you predict, but you can often predict a range and that is usually enough time to validate a direction and enter or exit a trade. Remember to get a second candle validation at whatever timeframe you trade in before executing the trade. Scenarios for May : 1. Correction to retest the 20/21W SMA/EMA. You've seen me reference this quite a bit and we haven't revisisted that MA support since Q4 2020. In my opinion its important to validate support for the longer bull cycle against those MAs and failure to do so is tipping the scales towards a possible bear cycle. From this point it would take around a 10-12% correction to meet those MA, but by the 4th week of May or early June we may only have to dip to around ~55k to retest them, if we continue consolidation in this range. This means that correcting sooner we will see a stronger movement, as high as 12% drop, but later in the month the correction would be almost negligible. As stated above, if we do correct to the MAs and it fails to support Bitcoin, we will look for a stronger correction and the possiblity of a bear cycle grows. 2. Consolidation through May. We've seen this before in the past couple months- Bitcoin paints a pattern, breaks out of the pattern weakly and continues to range slowly. This is indicative of an accumulation phase as industry/whales occasionally nudge the price in a direction, and this weak volatility sows disinterest from most retail traders further reducing volatility. If we believe those MA represent the bottom support for the bull cycle and ~60k represents the resistance, the remainder of May will see Bitcoin consolidate within (up to) 12-18% price range, decreasing over time as the 20/21W MAs catch up. This scenario means slower and less volatile price action for Bitcoin, floundering Bitcoin dominance, and continued opportunity for altcoins to regain ground against Bitcoin (Ethereum anyone?). 3. Breakout over 60k. This feels like the least likely scenario in my opinion, but Bitcoin is possibly painting a bullish pattern here -possibly- an ascending triangle against the ~60k resistance since it broke over the triangle it was in for the first week of May. We need to observe Bitcoin another day to confirm that pattern but if it holds, this presents an opportunity to possibly breakout bullish and retest our ATHs. However another stronger possibility in this analyst's opinion is a fakeout/bull trap where we break bullish over 60k and see a downtrend soon after and correction towards those MA; or a downtrend and fall into additional consolidation, which would mean scenario 3 turns into scenario 1 or 2. Whats Next: The key to success in May is to look for validation of either of these scenarios. In my opinion some form of scenario 2 is most likely. I think the MM and whales are happy to continue accumulation here, and there are no clear indications of distribution preceding a sell-off before a bear cycle- its quite the opposite and we see some very large crypto investments by industry, with more to follow. Remember that for much of industry, 2021 is ground zero for them to enter the market and FOMO is as applicable to them as it is to retail- and while its hard to predict how the industry investment and participation will change the crypto market in the long run, its clear that they are interested and this should bode well for retail investors in the short term. Of course nothing is guaranteed in this space so trade safely, set stoploss and good luck. Also most important- this isn't financial advice, always do your own research to validate the opinions of analysts you see on TV.
COINBASE:BTCUSD
by 1BigPapi
1
Week 13: ZSK2021 Wait for a Support BreakLast week the highest price was just at $14.35 ... just a shy $0.05 away from our bomb shell. Anyway it was not triggered and it keeps going down after reaching $14.35 The market was closed at the SR Flip area at $14.00 (see on H4), it was doji and so far no buyers sighted in the market (Asian morning session). Here are the few scenarios : (1) Market bounce at SR Flip ($14.00), likely it will find the previous level which is at $14.09 If $14.09 is broken, it means the buyer is back in the market. (2) The price continues going to South, the last buyer defend was at $13.90 level. This is where we can place our Pending Order (Sell Stop); once it broke, the gravity will help to pull the price going even lower. (3) Certainly, the last scenario is ranging / sideways; this usually happen towards end of the month or a week before WASDE report release. The price may consolidate prior making a big move. This week, I will go for scenario #2 where I will place a Pending Sell Stop Order. Stop Loss is at $14.20 Pending Order (Sell Stop) is at $13.90 Take Profit is at $13.22 RRR: 2.27R If you are well versed in Price Action, we can take the opportunity to scalp during the week. Have a good weekend ahead, this week is a short week. If no clear setup, just avoid it, enjoy your Easter holiday.
CBOT:ZSK2021Short
by machintose
5
SEC vs XRP Sparks Will Fly A title with two meanings. Sparks will fly when the SEC makes their move with at least some knowledge of the lawsuit on Feb 22. Maybe a resolution but I'm certainly not holding my breath. The sparks will come from price exploding in reaction to whatever is learned. The outcome could be bearish or bullish. The second meaning refers to the literal Spark tokens that will soon begin "flying" to thousands of wallets all around the world. Short term volatility is guaranteed. My long term outlook is this... you can answer the questions for yourself... XRP = Bankers Coin Bankers run the world. (they really do its not my opinion, look deeper if you have doubts) CBDC's (central bank digital currencies) are coming. Fiat needs a fix, quantitative easing loosing its ability to dictate fiscal policy. Digital money will only increase in popularity, there will be winners and losers. Betting against it would be like writing off the internet in 1998. What is all this noise of real time payments? They are suddenly a frequent talking point. Beyond a talking point there are actual major issues with the outdated financial infrastructure. (on a global scale mind you) Who is out front and center stage in attempts to solve that issue through blockchain technology? Have they just begun their work or been at it for years? What is their proximity to global government bodies that are calling for a new Bretton Woods Agreement? XRP coiling up for one of the greatest bitch slaps the doubters of humanity have ever seen. When you are born and live in a world order guided by direction and long term planning. Don't bet against the house. Not. Financial. Advice.
KRAKEN:XRPUSD
by MitchMilli
2
Bitcoin Decision Time/AreaI think Bitcoin ( BTC ) is in an important time and area of decision making. In my previous ideas, I wrote to you about 18300 - 18400 that it is an area that if it is broken the correction is started.. In this idea I want to talk to you about how we call a price area, BROKEN?? Support and resistance areas that are strong and the price was above or below them for a long time, are hard to break. In most of occasions that I experienced, the first time that price can successfully break the area is not actually a breakout but it will be failure, but I can say that will happens 100%, it's just an experience.. Whenever we come this occasions, I believe there is a good solution that we can check other technical and fundamental indicators to make sure how the market is going to react.. The best solution in my opinion is that we should WAIT!!! Scenario 1: If this is a False Breakout, Bitcoin will keep on moving higher and there will be a good opportunity for us to make a long position around 18500 - 18600, and our first resistance area will be around 18900.. Scenario 2: If this is a True Breakout, Bitcoin will go downwards and there will be an awsome opportunity for us to make short position around 17550 17600 and our first support area will be on 17000 but I see much more deeper targets because if BTC go down this is a big correction a I told you in previous ideas.. I hope you enjoy this idea, feel free to ask me any question about it or tell me about your idea..
by ArshiaZojaji
2
NZDCHF caught in decision spotNZDCHF currency pair fall into a decision spot. This is is telling us posible trend reverse on H1 timeframe or bullish continuation from daily perspective. If bearish move from H1 trending continuation will happen, we are looking price to break an important support level at 0.62560. If bullish move from daily perspective will push price higher, then current spot is counted as third touch of daily/ h4 timeframe flow. If price will continue higher, then retracement from lower timeframe is expected before entering positions. Why is this spot dangerous to trade at the moment? This spot is dangerous to trade because we have confusion between strong daily buyers, price is still in buyers overall move and trending on h1 timeframe is showing potential bearish downside move. Bullish target: up to 0.63271 resistance level Bearish targets: T1: 0.61984 T2: 0.61449
by EliteFxAcademy
🎾 Match Point 🎾 French open Stade Roland Garros 1983... It is 45 to 55 that the bears make the match by turning the market around. We see a 55% chance for the bears to win the match by pushing down prices in the direction of $1900. However, with a 45% chance, the bulls are on the heels of the bears. We have highlighted a potential turnaround zone. Should the bears waste this opportunity and the resistance at $2001.2 is broken, price levels of $2120 are on the map. The next price movement will determine the direction of the upcoming weeks. A way to trade the scenario would be to plant entry orders above $2001.2 and below the purple trendline. Happy Trading!
COMEX:GC1!
by MarketIntel
4
DECISION ZONE & UPTREND SUPPORTS IDENTIFIED -DASSAULT DSY- DAILYThank you for you likes and shares! Much Appreciated! _______________________________________________________________ DSY DASSAULT SYSTEMES price have been bouncing several times on the pink decision zone. It is probably the best level for entry/exit in this market. The blue uptrend line have experienced a strong pullback on it marking an amazing triangle with several elastic effects resulting in a break up above the decision zone. Another shadowed uptrend line have found its existence and the market could use this invisible line to test again a rebound on it. This chart helps to see this market in a simpler and uncommon way enhancing the logic behind price movements.
EURONEXT:DSY
by Diallo_Charts_Ideas
$BTCUSD - Watch the Monthly closeBefore we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. Just a quick update on COINBASE:BTCUSD , on the Monthly timeframe. As I discussed in todays COINBASE:ETHUSD update, BTC has not closed above $9340 in 9 months. The upcoming monthly close (2 days & 17 hours from the time of writing this update) will tell us a lot about where the corn wants to go. Previous failed attempts at closing above $9340 have resulted in drops to the $6300 and even $3700 region. The last time we did close a month above $9340, we saw the corn fly as high as the $13,000s. Essentially, whether we close above or below $9340 is a big deciding factor for the coming months. Be sure you watch it closely. Good luck traders. - Jelle
COINBASE:BTCUSD
by CryptoJelleNL