Live Trading Session 219: Trade update for Brent using SMI & VSAIn this live trading session video, we are doing a trade update on the OIL trade that we took earlier using the stretch principle, smart money and volume spread analysis methodology. Main points to take away are to think cumulative and extract the cross transferrable principles to use in your own strategy.
Economic Cycles
Live Trading Session 218: Aligning ST principle with VSA(4/5)In this live trading session video, we are looking at the OIL trade and
aligning the stretch principle along with the volume spread analysis methodology. We then look at this across the other instruments like S&P 500, GBPUSD,etc to illustrate this powerful cross-transferrable principle that can be applied with any intra-day strategy.
Ethereum -> Still Stuck At The $2000 LevelHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum just recently once again retested a quite massive weekly structure area at the $2000 level which is now turned resistance again.
However you can also see that overall market structure and moving averages are still quite bullish, in my opinion we also already saw the bottom of the bear market so I am now just waiting for any opportunity to then get long Ethereum for the next bullrun.
On the daily timeframe you can see that Ethereum shifted back to a bearish market by breaking below the $1825 structure level, so I am now just waiting for either a break back above the zone or a retest of the next support at the $1675 level before I then do expect more upside potential.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> Think Long TermHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking, Bitcoin is already rejecting quite obvious previous weekly support which is now turned resistance at the $30.000 level.
You can also see that from a long term monthly perspective, it seems like Bitcoin is eventually entering the next bull-cycle, so I am already heavily invested and I am also looking for bullish pullbacks to then enter some long trades.
On the daily timeframe you can see that market structure is currently bearish with Bitcoin breaking below the previous daily support at the $27.600 level, so I am now just waiting for a break back above the zone and then I do expect also more daily upside continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Live Trading Session 217: GOLD, Range and OE(3/5)In this live trading session video, we are looking at the GOLD trade and going through the Range or OE stats in correlation to the open price. We then look at this across the other instruments like S&P 500,EURUSD and OIL. In the next few videos, we will go into further detail on how this powerful cross-transferrable stretch principle can be aligned with the VSA methodology and applied onto intra-day strategies.
Gold -> Decisive Week AheadHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that last week Gold once again retested and rejected a quite massive previous resistance zone - also the previous all time high - exactly at the $2050 level.
You can also see however that from a weekly perspective, Gold is still in a massively bullish market, moving averages and overall market structure is still bullish, so despite the recent rejection on Friday, I still do expect a break and retest of the previous all-time-high and then I do expect another bullrun on Gold.
On the daily timeframe you can see that with Friday's candle Gold again rejected the previous weekly and daily resistance zone, however as we are speaking Gold is also retesting a previous daily resistance area which is now turned support at the $2005 level, so from a daily perspective I simply do expect more continuation towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin -> Following The PatternHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that as we are speaking, Bitcoin is approaching a quite obvious previous weekly support area which is now turned resistance exactly at the psychological $33.000 to $35.000 level.
However you can also see that weekly market structure and moving averages are massively bullish - we also just recently retested the previous Crypto cycle high from 2018 and already started the rejection towards the upside, so I simply do expect another rally on Bitcoin at the current levels.
On the daily timeframe you can see that my last video analysis, linked below, just perfectly played out, Bitcoin is also currently creating a quite obvious ascending triangle on the daily timeframe so I am now just waiting for a break and retest of the resistance at the $29.000 level before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Bitcoin Explosion imminent!? Mini-Bull Market Watch!The bull markets of 2011 and 2019, which developed in early Crypto Spring, produced an explosive move to the upside heading into the second quarter of the year. In this video we briefly take a look at these moves and other possible scenarios. The "pillars " drawn here in ever Crypto Spring run from April 1st to October 1st on the horizontal axes and 50% above the future halving price on the vertical axes. If bitcoin follows this same pattern we will see an explosive move up to the future halving price in the 2nd quarter followed by a dump back below the future halving price in the 3rd quarter.
What are your thoughts? Let us know in the comments below.
Bitcoin surpassing $36,000 in 2nd Quarter - Full 2023 forecast!In this video we dive into the micro scale price action for Bitcoin over the next 3 Months. Starting off with a glimpse at the price forecast for the entire year of 2023, we examine why think Bitcoin will surpass $36,000 in the first half of the year.
IMPORTANT! Bitcoin Long-term Price Projection Update!I have officially decided to update our long-term price projection for Bitcoin. A major key change is the elimination of the mini-bull market. Instead we are expecting the current bull market to develop into a major bull market. There is also a very high likelihood that this will be the only bull market for the 4th cycle. In this video we partially stepped outside of The Crypto Weather Channel world to explain our reasoning behind these changes. Thanks for watching!
BITCOIN - GEARING UP for another ATH ⬆Hi Traders, Investors and Speculators of the Charts 📈📉
In today's analysis, I take a look at a fractal that played out on Bitcoin during March 2019 over a few months. This was the beginning of the bull cycle that led to BTC's all time high.
Fractals can be very helpful to give an idea how the price action behaves after certain trends, which is where trend lines become especially useful in conjunction with fractal strategy.
I believe there is an important balance between trend line analysis / chart analysis, and technical indicator analysis. I find that trend analysis ( trend lines , support zone and resistance zone , Fibonacci ) is really helpful for longer term, whilst technical indicators such as RSI can be very useful for the shorter term. Important to note that today's analysis is focused on longer term, in other words potentially more than 3 months.
This analysis on Bitcoin corresponds with my previous in depth analysis on BTC , which you can find here 👇 This update uses BTC .D ( bitcoin dominance) and TOTAL2 (total market cap of alts) to speculate shorter term price action for Bitcoin .
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CryptoCheck
A very reliable 12 week cycle says top formedThe S&P 500 seems to be following an 11-12 week cycle since the start of this bear market. IF this holds again, it means the top was already formed last week and the market starts to head lower from here. I have also got confirmation for this by looking at Euro Stoxx ~ 8 week cycle which is giving the same signal.
BTC can STILL BE BULLISH after 50% dropHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Before you panic, make sure you check out this idea of yesterday on Elliot Wave Theory analysis :
From the video analysis on Bitcoin, we've confirmed that the bearish cycle is over and a new wave is starting. It's not uncommon for the price to drop 50% during wave 1 of the 12345 Waves. From a macro perspective, the price will still be in an uptrend. Note that this doesn't happen in a day, or even in a week but over a coupe of weeks, sometimes even 2-3 months where it seems like BTC is not going anywhere and the weak hands are shaken up before the parabolic run which is Wave 3.
I believe Wave 2 starts when CryptoCheck START v3.5 flashes a sell:
You can swing trade the Elliot waves in wave 2, but be ready when wave 3 arrives so that you won't find yourself positionless during a parabolic run.
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Live Trading Session 216: BRTUSD and What is BRO(2/5)In this live trading session video, we are looking at the Brent Oil trade and going through the BRO principle. We then correlate the BRO onto the lower timeframes. In the next few videos, we will go into further detail on how this powerful cross-transferrable principle can be applied onto intra-day strategies.