Bitcoin Detailed Top-Down Analysis - Day 70Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
70 out of 500 days done.
I truly appreciate your continuous support everyone!
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~Rich
FOMC
Bitcoin Trend Analytics September 21- Before the FOMC Yesterday bulls failed to take the key price point, which prevents the price from rising above the diverted $19534.40.
Today BTC temporarily runs between $19534.40-$18453.78. Breaking up $19534.40 for 24 hours will BTC see a temporary relief from a second slide; breaking down $18453.78 will see a second slide toward $18175.02-$18006.71.
Interest rate hike prediction:
<75bp, a strong rebound
=75bp, strong fluctuation (causing the liquidation of both longs and shorts) and then slide
>75bp, crash
As the FOMC meeting draws near, uncertainty becomes even more prominent in the price movement. Set protections for your positions.
Will the hawkish message continue with today's FOMC? Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative.
That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's reaction to last Tuesday's CPI surprise, and it not only revived the USD but also nailed stock indexes, risk currencies and crypto.
Traders will be looking to see any inflation surprises in the projections, what the Fed thinks about the current position, and how far the rates cycle may need to go. If any of these remain on the hawkish side, we could see further gains from the USD and further losses on risk markets, including crypto. Fed funds futures terminal rate has also been raised to 4.5% by April, increasing from 4.0% before last Tuesday's CPI report.
Looking at the USD index. If influences continue to support price we could see a new breakout above 110.30 resistance, continuing the current fast trend. The USD index has formed a new HL after the CPI spike got the current fast trend back on track. We want to see resistance beaten to confirm that the trend is truly underway, and a break of the September high would further that confirmation.
The Nasdaq has performed the worst out of the three main US indexes since the 16th of August. The NDX100 CFD index, which tracks the Nasdaq, dropped close to 15% since that high. Some short-term support is starting to set up on the NDX100, but if we see hawkish pressure resume, we would be looking for a move back to 11,450, an area that has shown demand back in July.
The FOMC projections, funds rate and statement will be released at 2:00 pm EST, with the Press conference to follow at 2:30 pm.
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FOMC HaikuFOMC Haiku
You buy the meeting
And then you sell the minutes
Prosper very much
The timing here kinda resembles the May instance where the haiku didn't work. Thing's would be far more primed for a pump if there had been further downside lower than the June low.
So take it with a grain of salt.
S&P500 Analysis Before FOMC AnnouncementFor this trade analysis, the S&P500 has seen a recent fall around 13 September. How does the FOMC announcement impact the markets given a 75 or 100 basis point rate hike?
The Federal Reserve is the central banking system of the United States and is responsible for buying and selling US securities in the financial markets and setting interest rates and reserve requirements to achieve stable prices and maximum employment. This announcement provides a wealth of data that can influence the markets, leading to volatility and is why traders pay attention to the release of data that happens 8-times a year.
[09/21] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin rose slightly until the morning of the 20th, but it is creeping down again.
16 hours after this time, the FOMC interest rate announcement will be made.
This is an announcement that has a huge impact on the direction of the investment market in the future. Most predict 0.75bp (GiantStep), but if 1bp (UltraStep) is confirmed, the investment market, including NASDAQ and Bitcoin, is likely to fall sharply.
On the contrary, if 0.5bp (Big Step) is confirmed, the investment market, including NASDAQ and Bitcoin, will likely rise significantly.
0.75bp (GiantStep) is originally a negative factor, but it is already predicted, so I think you should respond by looking at "how the investment market reacts."
0.75bp is the most likely, followed by 1bp.
If the presentation at the FOMC acts as a negative factor (precondition), there is a view that is seen as an Elliott wave.
It's a perspective that comes down a little bit strongly.
Since the beginning of the first wave is seen as an impulse, the rise until yesterday morning is strongly lowered to 2nd and 3rd from now on.
If the announcement at the FOMC works as a negative factor, the probability of this view will increase even further.
With an important announcement ahead, let's all be careful!
*Today's analysis shows a stronger tendency to analyze "there is this perspective" than to predict "it will move like this." Please take it as a reference!
USDJPY EURUSD AUDUSD GBPUSD Markup No trade for me todayIt's FOMC Day today. Im in Asia. I wont be getting into any trades until tomorrow asia time after the FOMC result.
Just a few thoughts. 75bps is pretty much priced in the market, so i think if its only 75bps plus a dovish message along with it I think market well have a breather and see DXY correcting. Anything higher than 75bps is gonna be wild..
Goodluck trading out there.
here are some markups
USDJPY
eurusd
audusd
www.tradingview.com
gbpusd
1w trading below quarterly level looks over extended very bearish
4h no sign of reversal. Prev candlw was a bullish one but current seems bearish . Stay away
DXY , FOMCI dont have a clear vision right now. we should allow the market to do its thing until rate announcement
But my ideal scenario is the market forms its weekly high tomorrow , then punish sellers at news release then sell of.
109.275 and below looks interesting to me.
in case of missing the move after news release , dont chase price
be safe:)
Boring Monday into FOMC Week9/19/22 It was a slow moving day after a pretty nasty gap down over the weekend and coming into a FOMC week. I hope your bias was bullish because there was legit no bearish momentum unless you swung puts over the weekend. Besides that you probably got crushed being bearish today unless you were just being a scalp master. the entries were difficult to spot today but they were there as long as your bias was correct.
FOMC - Will We See A Repeat Of Last Week's Sell-Off?Hello Traders,
Here is a quick post about the FOMC meeting and prior FED news.
I'm partly anticipating for price to test the key resistance level on Tuesday, the day before the FOMC meeting.
- My concern is that price did the same thing last week the day prior to the CPI Data being released... Obviously a large sell-off followed.
I don't think it's a coincidence how things played out last week, it was obviously deliberate.
- Smart money positioned the price exactly where they wanted it to be...
- With this in mind I wouldn't be surprised if the same thing happened this week.
So my question is... Will we see a repeat of last weeks sell off when price came into a key level the day before?
It's something to think about, I just wanted to share this with anyone who might be curious.
Thanks everyone and best of luck trading!
SPY: Analysis pre/post central bank meetings & FOMCSPY 4Hr: Market has pointed lower leading into anticipated interest rate hikes courtesy of the Federal Reserve. Asia Pac indexes hinted at the fear of headwinds of further imposed costs. The U.S. Dollar index's continued climb upwards, increased 10-year Treasury yields, average highs for U.S. mortgage rates, and elevating VIX reflect risk off sentiment into today's open. KL's to upside: 384.90, 386.49, 390, KL's to downside: 381.28, 378.84; with watch into demand zone where breach of <375 could see more follow through to the downside// Bias: Risk Off
Possible 100% ? AKRO/USDT #AKRO #AKROUSDT Here we see our Akro/usdt 1 day chart . Look at the MACD ! It's pointed up beautifully and does appear like it will cross up through that green area where the green arrow is . If that happens I think this could possibly do a 100% up - probably to 0.010 or 0.011 which would bring you right under the 3 day Ichimoku and the 3 day 99 MA line ( though this is the 1 day chart I'm showing . ) Please keep in mind that the market is EXTREMELY volatile right now . The Fed is having their important FOMC meeting next week - and if it's bad news that's announced it could dump the market . Also the DXY dollar index is still Bullish and that could hurt Crypto markets . Also the market is still in a Bear market in general and can be dumpy out of nowhere. Although that hasn't stopped certain coins from running such as Chz/usdt . Also , another TA guy I like a lot called Payne Residence doesn't like that this chart is so 'wicky' . So it's definitely risky but just looking at the chart alone it does look Bullish with a candle almost closing above that light blue 50MA line and possibly also breaking up from the Bollinger Squeeze ....but be aware of these other market conditions . Thank you.
Two Reasons Why the US Dollar May Have PeakedThe US dollar has topped out at 110.20, our target from last month. The last time we hit this target was earlier this month, then the markets started to anticipate that the inflation had plateued, and we saw a significant retracement back to the 107's. However, they were proven sorely wrong as inflation came in strong with CPI last week. Even with this surprise print and a looming Fed rate hike on the horizon, the DXY still has not broken highs. These two factors make us think that the DXY may have peaked and we might be due for a correction or reversal. A consistently strong dollar is already impacting import/export prices, and this will ripple through the economy. Additionally, the Fed is likely to backpedal from their hawkish rhetoric with potentially one more rate hike in the tank before they have to start cutting again. If the DXY can pick up then 111.37 is our next target. If not, we should have support in the 109's, then 108.50, with 107.20 a floor.
Stocks Brace for Fed Rate HikeStocks are edging lower yet again, as investors price in a potentially historic rate hike. In order to combat the highest inflation we have seen in 40 years, most agree that we are looking at a 75 bps rate hike , but some suggest it could be as high as 100 bps . However, multiple indicators suggest we are in the thicket of a recession, and after this rate hike, they are likely to pivot to a more dovish stance, with maybe one more rate hike in the tank before they're forced to start cutting again. The S&P has edged lower and dow futures have plunged more than 200 points as the market brace for the tightening. The S&P is testing 3848, and the Kovach OBV is still bearish. We do appear to be seeing some support here confirmed by green triangles on the KRI. If we can pivot, 3909 will be the next target, but we don't anticipate to break that any time soon. If we fall further, we should expect support at the base of the 3800's.
Why Bonds Might Be Nearing LowsBonds have continued their decline as the markets price in a potentially historic FOMC rate hike this week. Inflation data suggests that the Fed's rate hike trajectory is not really working and inflation is still soaring. On the other hand, multiple indicators suggest that we are in a recession, and the Fed will have to pivot their hawkish stance after this last rate hike. If that is the case, then we expect the bond market to be nearing lows. We have one more technical level before we will have to start using inverse Fibonacci extension levels to predict lows in bonds again, as 113'12 is our last technical level. The Kovach OBV also appears to be leveling off. The next targets from above are 115'03 and 115'29.
$BTC - O -$BTC Hello my Fellow TraderZ,
We are now coming into the most awaited week where we have FED Rate Hike announcement on SEPT 20/21. So as usual US Equity Markets is reacting to the probable Hawkish action of FED, followed by #CRYPTO as well.
Many of us are expecting the rate hike to be between 0.75bps and 1bps. If we see 0.75bps, it is good and more so like #BITCOIN is pricing in by testing the June lows. Incase we see 1bps, this is a disater then and most probably #BTC would stop at 14k.
But here what I see on DTF is that #BITCOIN is coming to support and probably in the making of DOUBLE BOTTOM pattern which is coupling with the BULLISH DIVERGENCE.
Still hoping for the best. Be cautious and Trade well my Fam. CHEERS!!!
USDJPY It will keep growing! LONGWelcome back! Let me know your thoughts in the comments!
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