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Bitcoin’s Pivotal Moment: Key Technical and Fundamental InsightsTechnical Analysis Neutral: 1 - Price action has been fluctuating in a falling channel from around the 1 March 2024 and appears to be respecting support and resistance lines since. 2 - Price has fallen 28% since ATH compared to the 56% crash in the previous cycle during the same period. Bearish: 1 - Price fell below the 125 day SMA level around the 20th of June and has been trading below since. 2 - The 60,000 BTC/USD psychological level has also been broken and not regained for approx 2 weeks. 3 - Volume since ATH has been approximately 7% over the same period in previous cycle. 4 - Price has clear short term bearish momentum Bullish: 1 - Subtle Bullish Divergence on the RSI chart 2 - Price is trading above the shaded support area supported by volume session profile and clear historical trends. 3 - Extreme Fear displayed on the Fear and greed index. Fundamental Analysis: 1 - Real GDP has grown consistently over the past 10 quarters. 2 - Inflation appears to be easing with new US CPI appear beating analysts estimates but concerns about being behind the curve estimating a inflation to rise again in the winter. 3 - Short term unemployment data seems improving but as interest rates are still high a record number of credit defaults occurring which could potentially lead to worsened employment data by end of year. 4 - Gold price hitting ATH reflecting uncertainty due to heightened geopolitical tension. Pattern A cup and handle formation can be observed since Nov 2021 but handle seems elongated which might invalidate such pattern. Summary: With the current Bitcoin price at $58,637 and a 50% increase YTD, we can assert that the market is still in a bullish cycle. However, some critical points need to be analysed. Technical indicators suggest that Bitcoin is trading at a crucial level. A breakdown below the $53,000 level would not inspire confidence and is likely to lead to a continuation down to the $49,500 level. This is a significant threshold, as a break below it could trigger substantial selling pressure. For Bitcoin to reverse this trend, it is crucial to reclaim the $60,000 psychological level, with trading above $61,000 providing confirmation. Subsequently, reclaiming the critical SMA level around $65,000 could likely lead to a new all-time high. Macro indicators suggest that most positive news has already been priced in. However, the overall geopolitical climate is radiating uncertainty, which is negative for the market. This is exacerbated by factors such as the upcoming US elections, the Ukraine-Russia conflict, and the Israel-Gaza conflict.Additionally, the Bitcoin hash rate is falling for the first time in two years, though a short-term drop does not confirm a long-term trend. Given these factors, I believe that BTC/USD will continue to trend downward in the short term until approximately late August/early September. The extent of this downward trend will depend on the behaviour at the key levels mentioned and the global climate. A reclaim of $65,000 would invalidate this bearish outlook.
BINANCE:BTCUSDShort
by Parsa_f
1
Trading Fake Breakouts ! Real ETH Move UP The Art of Trading Fake Breakouts: Fake breakouts occur when an asset's price appears to break a significant support or resistance level, only to quickly reverse in the opposite direction. They can be frustrating but are also opportunities in disguise. Ethereum's Triangle Pattern: As of late, Ethereum has been forming a triangle pattern, a classic setup in technical analysis. Typically, traders expect a breakout from this pattern to signify a strong directional move. However, here's where the twist comes in. I'm keeping an eye on a potential fake breakout scenario where Ethereum might appear to break below the lower boundary of the triangle. This could trigger panic selling among some traders, leading to a sharp dip. The Real Growth Opportunity: Now, here's the interesting part. This fake breakdown could be a prelude to a genuine price surge. After shaking out the weak hands, Ethereum might reverse course and embark on a true upward journey. Trading Strategy: Patience: Don't rush to trade the initial breakdown. Wait for confirmation that the move is genuine. Confirmation: Look for clear signs of a reversal, such as strong buying volume and price action back above the triangle's lower boundary. Risk Management: Always employ risk management strategies, like stop-loss orders, to protect your capital. Research: Stay informed about Ethereum's fundamentals and any relevant news that could impact its price. Remember, trading fake breakouts requires keen observation and a calm demeanor. It's about navigating market psychology and seizing the opportunities that arise from the panic of others. So, stay vigilant, be patient, and keep an eye out for the twist in Ethereum's tale. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
INDEX:ETHUSDLong
by AlexWhale
UK Brent Crude Oil Analysis So, I will start with the basic Chart layout and then will continue to dive deeper in to the Analysis. The Chart is as you can see in a downtrend. And not just on a short time frame (1-5m) also on a bigger one (1h) The S/R level changed that means that we are on a new Trend level. At this point UKOIL has no more in the same price movement then the USOIL As you can take out of my USOIL Analysis linked below But still, the EW gives us a nice 0WXVXZ Pattern but in a triangular figure going downwards The Purple Ellipse shows us a failed repriceing on the failed reversed head and shoulders located between (W) and the Purple Ellipse Fib: I applied the same fib i was using on my WTI analysis and as it shows out we got 3 interesting hit points The Purple Ellipse is like i said before a failed repricing for the failed HS No.1 is located at the 0.7 fib lvl. No.2 is located at the 1.0 fib lvl. No.3 is located with the closed body wick at the 0.7 fib lvl. well if you take a look at the chart you can see that the 0.5 fib lvl. is the strongest testet fib lvl. Now the Indicator Part: I used the CCI and The WaveTrend Indicator with crosses by LazyBear I numbered every type of movement in the chart As i explained before the S/R level has changed thats why i numbered it 1 and 2 The green Ellipses on the Chart windows are the Buy areas after the Indicators that i was using 1. CCI The CCI shows us that we are currently in a Oversold area this means that the Price will recover from the little downtrend 2. WaveTrend Indicator This one is also used to identify Oversold and Overbought areas And like before we are Oversold We are on the green line this means that the prise will pop up agin. The WT sequence was perfectly 2 times tested So If 2 indicators practically match with one signal i will strongly consider to take a look at some buy/ sell option I will keep you guys updated whats happening with WTI(US) and Brent(UK) Oil! Tell me what you think about this! Well this was the end I hope all of you liked it and do not forget to leave a review below :) TVC:UKOIL TVC:USOIL
TVC:UKOIL
by bigtradesbigstacks
US WTI Crude Oil AnalysisAfter the "little big bang" Oil has recovered and build a sideways going channel here is some Analysis: So as you can see here WTI has been in a sideways channel for almost two weeks The EW gives us a nice triangular 0WXYXZ pattern Those Ellipses are showing us a little liquidity in the downtrend this has been testet for four times now The Fib is active when it comes to those liquidity bowls there are five major fib events on this Chart the fib just shows us where those re-pricings are happening and what for a type they are No.1 is located at the 0.7 fib lvl. No.2 is located at the 0.6 fib lvl. No.3 is located at the 1.0 fib lvl. No.4 is located at the 0.6 fib lvl. The last one(No.4) is a pretty strong testet level Now to the Indicator part: The Indicators that im using are at the first place the CCI and on 2nd place the WaveTrend Indicator with Crosses By LazyBear Both of them are used to Indicate Oversold and Overbought areas within the Chart 1. CCI The CCI is currently in a Oversold area this means that the Price will most likely go up again. This sequence was Strongly testet 3 Times We also have been testet 4 times on Overbought Pricing and the Market always reacted good on those type of signals. 2. WaveTrend Indicator with Crosses By LazyBear The WaveTrend Indicator by LazyBear is also used to identify Oversold and Overbought areas Just like on the CCI here we are also in an Oversold area If 2 indicators practically match with one signal i will strongly consider to take a look at some buy/ sell option I will keep you guys updated whats happening with Oil!! Well this was the end I hope all of you liked it leave a review below :)
TVC:USOIL
by bigtradesbigstacks
4
Palantir - detailed technical analysis A few words about palantir: My point of view has changed a bit. A few weeks ago I mentioned a small bearish formation, but palantir invalidated it with a gap up island. This is a good sign of more upside pressure. The chart shows the first signs of a developing channel. May 11th is considered to be a trend change day. Since then, palantir has been running very cleanly with impulse structures. Wave 2 in white could be finished. Why? 1st indication: Wave 2 has already corrected very clearly and has bottomed out between 61.8% and 76.4%. 2nd indication: The lower trend line of the channel supports the assumption. Fibo + trendline represent a cluster. These are given special attention by the market. On the lower trend line, palantir 5 made very clear touches. 3. Indicator: After palantir bobbed around the lower trend line, there was a strong gap up. Since then, palantir has been running a little sideways and building strength. I see this formation as a bullish gap island. Bullish gap islands often do not appear alone. Rather, this will result in further gap-ups with corresponding gap islands. All of these indicators lead us to assume that palantir is on the way to intermediate high at 27.56. And this level is particularly important. All of the points I mentioned can be pulled back into bearish territory very quickly, provided that the high of wave 1 is not exceeded. In my opinion, this has to happen as quickly as possible - preferably with a further gap up. Then we can assume that we are in an ongoing wave 3. This would open up the following targets for us. - 35.06 - 37.54 - 39.03 That means we would leave the channel (to the upside!) If this is the case, however, we have to expect another pullback into the channel (wave 4). Then a wave 5 could occur - this would then correspond with a channel projection. That means in the next year we could see significantly different prices (40+). Important: The setup remains active as long as we stay in the channel. In addition, the market should make a first attack on 27.56! Channel projection & chart:
NYSE:PLTR
by TizTrader
Disney To Hit $180 This Week Disney is looking to hit and even pass $180 this week, even with earnings approaching. I will divide this analysis into 3 sections; Technical Analysis, Earnings, Fundamentals. Technical Analysis: -45min candle stick chart shows a green candle in the latest 45min segment. -Divergence+ Shows growing bullish divergence as indicated by green shadow between latest candles, based on this shadow there is indication that there is still room to fall as the cloud does not have an outline ( below 40 RSI ) and does not yet have a buy signal. -Elliot wave analysis shows that our second wave may have been broken and will be safe to make a decision about buying after 2 45min segments to make sure this is indeed a break. -MACD shows weakening bearish divergence & signals that bulls are taking control, something to watch Monday. -Guth 3x Confirm shows that price and volume are low in comparison to MA and is about to initiate a buy signal Earnings: Trading near and during earnings is extremely risky as investors could increase their position ahead of earnings or decrease their positions. Especially institutional investors trying to avoid volatility. However DIS has a track record of beating earnings. Fundamental analysis: Do you think the Delta Variant of covid will impact the market this week? Or will investors shrug this off? Would love to hear your thoughts in the comments.
NYSE:DISLong
by Myantman101
11
DXY UPDATEDXY still didnt manage to break the trendline acting as strong resistance, which may show some weakness for the bears to try and send the prices back down. But until they dont manage to break the support on 91.80, DXY still has an opportunity to gain some strength. And if the bulls manage to break the weekly resistance on 93.0 will bring more strength to take the prices higher. - Clearly on the MONTHLY time frame we are still on a bearish trend, currently testing the 78.6% FIBONACCI RETRACEMENT. - WEEKLY time frame also showing a bearish trend. - DAILY time frame still bullish, but breaking the neckline of a double top formed right on the weekly resistance, which we can interpret as a bearish sign. But we still have to break the 91.70 on the daily to be fully bearish on the daily time frame.
TVC:DXY
by ITS-BENG
Analysis of the most important indices (DOW, NAS,..) BULLISH!NASDAQ: As expected, the Nasdaq made an intermediate correction. This correction ended very quickly and we saw a direct breakout in yesterdays trading session! If the market can maintain its position above 14,225 points today, it can be assumed that we will see target prices above 15,000 points in the coming weeks! Conclusion: With the breakout to new all-time highs, the market confirmed my primary expectation that the run up will continue here. But the market has to stay above 13830 points for this. DOW JONES: S&P500: Bearish scenario S&P Long term prediction: DAX30:
Long
by TizTrader
1
NASDAQ - The last pushThe Nasdaq is only missing one last push to achieve the next targets and to get further confirmation that the correction at 12915 points was really finished. The Tech Index can easily pick it up before the weekend today! My short term target is to overcome the small resistance at 13,730. Then the 13.818 level should be overcome. The wave would also only be a short corrective excursion to the region 13550-13430. The overriding factor is that the primary scenario is the breakout above 14064 points and targets beyond 15000 points! Conclusion: The bulls are more present over 12915 points and can show further strenght with a breakout above 13818 points. I´m still holding my long position! H1: 30min chart + Buildup:
CME_MINI:NQ1!Long
by TizTrader
NASDAQ - MULTI TIMEFRAME ANALYSIS Hey guys, i worked on my chart again and created a multi timeframe analysis. The Nasdaq is alive! The Nasdaq seems to have awakened from its correction phase (ABC). With yesterday's increase, new intermediate highs were achieved. So we are on the way to attack the 13,818. I expect strong resistance there, which, if overcome, will provide further confirmation that the correction is over. Basically, overcoming this resistance would be a confirmation that we are on the way to seeing prices beyond the 14,064! It remains to be seen if the market will stick to my structure. Overall, the movement has a target of around 15,300! At this point in time, there is still a possibility that the bearish scenario could materialize. However, the probability is already below 40% that this bearish scenario will occur. The nasdaq is fine! H1 chart: 30min chart: (sub-waves)
CME_MINI:NQ1!
by TizTrader
GBP USD - Full analysis to the imbalanceHello traders and analysts, GBP USD full breakdown technical analysis. A note before reading - this is a forecast analysis - based upon Lupa Capitals trading strategy. Please do not take this as face value and conduct individual entry points whether looking for long or short positions (time frame dependent). Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Weekly and monthly imbalances combined Price has moved from the monthly low of 1.1430 where price has immediately become oversold and an obvious imbalance has occurred here. The buyers imbalance has now taken over upon the Dollar strength - for it's position as a safe haven when looking at a fundamental view. From here price has moved and closed between a newly created imbalance zone between 1.143 and 1.1980 - a huge imbalance but price has reached its double top for the DXY. Weekly imbalances: The cable had successfully stabilised within the zone above the imbalance over extension and has become bullish again completing a clear path to 1.35XX. The reason behind this is the imbalance has enough buying power within the next cycle to take price to the previous sell imbalance. However, the consolidation or breathing point for the cable can be marked between 1.308 to 1.32. Daily imbalances Look left to see where price has created "liquidity zones", these are the imbalances which match the weekly time frame so the candle using weekly and monthly for our structure shows, the long term selling imbalance is at 1.35XX. This area of imbalance had previously been tested by the bulls but maintained structure. However, price over the course of 847 days price has reached the imbalance four times, slowly but surely adding pressure to this 'swap zone'. Here is the wider daily picture. Daily Fibonacci - imbalance to test 50% daily zone for bullish run. Imbalance view - using Fibonacci has been a great opportunity here for positional buyers to buy in. The reason for this zone was important is the imbalance swing to a 50% retrace is clear on this pair where price looks to this pivot point more often than not. The second reason is due to the fact that the bullish momentum impact here caused a nice opportunity for the price to re-engineer a profit taking for sellers imbalance and convert to buyers. Here is the current scenario, heading towards the extension -0.618 or 1.618 in extension Fibonacci terms. GBP USD VS GBP Futures both heading for the imbalance as the futures are aligning to the current market price. See the previous update to our explanation to see further review tools and analysis takes: Where will price take us from here? The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper dollar will boost 2021 visitors to the US and see Gold rushed to as a hedge of inflation . GBP we have a weekly zone the pound has now surpassed creating a good new daily demand to move further. The monthly zone towards 1.50 as our target for a position buy. Before this zone on the daily to take us to 1.44 on our weekly zone. Do you enjoy the setups? We have 10 years combined analysis experience in world markets. Offer our technical breakdowns here Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
Long
by LupaCapital
2