Optimism setup long and short for future trade As shown below, since three months ago, the ETHBTC reaction has been occurring and slowly taking control. This can be used on coins that are tied to ETH. Fundamentally excellent price for DCA, but I would like to show the chance to those who deal with future trade.
With the setup, it is great to find where our analyzes are no longer valid and we need to admit that we are not right. Optimism is one of the coins that correctly did 1,2,3 according to Elliot. Now the question is whether the 4th wave will manage to reach our order, but we must be disciplined because this analysis is canceled if the fourth wave reaches deep enough to the first, where the setup is no longer valid.
Why this setup gives us the possibility of long - here is daily fvg, 4h fvg, 2h fvg, fibonacci for retest as well as theoretical knowledge about Elliott waves
Futuresmarket
Bitcoin Failing To PumpHey guys,
It looks like Bitcoin had its little pump from $60K to GETTEX:64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now.
The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October.
I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist.
If you agree with my thoughts please boost and subscribe!
When you need to decide. Let your heart be the guide.
TFEX S50 Swing ShortTFEX S50 Swing Short
Still keeping perspective in all my Trend
Primary, Secondary, Minor : Down Trend
This swing cycle saw another short position order at the Island Gap Reversals and Follow Sell when the price jumped down the next day.
Short only strategy with a price target of 770 along the Standard Deviation of the Volume Profile that forms a Normal Distribution shape.
NASDAQ-Feb 2024 3 Days remaining!Nasdaq seems on a fast track to close Feb 2024
And still a lot can happen in 3 days, which is the remaining time left to close the month.
One key point to make:
While Price continues to deliver within Bullish structure.
Weekly Price has been unable to close above 18071.
Current momentum is expected to continue to push price higher, but noting price's inability to close a weekly candle above this price area will open the possibility of repricing down.
It is what it is till its not
Price is expected to continue its up-close trend until it shows clear indication of weakness.
Looking for a possible Bearish Mon-Tues structure, setting the stage for Bullish continuation Wed-Thu.
Are we rushing into the possible next Big Short?Is S&P 500 about to “CRASH”?
Are we rushing into the possible next Big Short?
So the S&P 500 futures contracts are depreciating in value, yes. Yet we foresaw this series of events. Has it been a rapid decline?
No.
The Price Action and structure continues sound.
There is no sign yet of panic or rapid selling signaling the Risk Off scenario all are predicting.
Do I expect further downside? Yes
I will go into my reasoning
1. DXY following a Bullish structure. Currently consolidating in a Bullish Flag pattern that could give us a break out of this pattern with a Higher High soon.
1. With a Bullish Dollar we can expect Bearish Equities.
Lets break ES pice action from top down.
- Monthly
- ES offered a Lower Low from June 23 Lows. But I am looking at the Monthly with caution since the month of October is not over yet.
- Weekly
- ES made its third down leg and yet it was unable to create a Lower Low in comparison to the week of October 2nd 23.
- The down closed weekly candle of last week looks strong enough to take out this low on momentum alone.
- So it is possible we will see 4235.5 before any other move.
-
- Daily
- On the Daily we see the last 4 Bearish days in a row, it can be assumed that the Bearish momentum along could carry price further down to establish a new Lower Low on this Bearish trend which will be at 4235.50
- I also like the potential of 4218.75
In conclusion. I do expect to see further downside but I would like to remind all that this will be the last week of October and to top that we are getting very close to establishing a new Lower Low on this Trend.
What does that mean?
Well we have had and extended leg down on this trend throughout the month of October. I would expect a retracement after a new Low is stablished with a subsequent bounce to settle a possible Lower High on this trend.
To accompany this thought it is the end of the Month and expecting a bit of retracemnt from the Monthly direction is healthy.
If you look at the Daily chart you will notice a gap between Thursday Oct 19,23
And Friday oct 20, 23. I am expecting price to target this Gap once the lows are stablished.
Still always follow price it will never steer you wrong.
Is Nasdaq at the brink?Is Nasdaq at the brink?
To the dismay of many, NQ is currently trading at 14664.00 that was the weekly close of Oct 20, 23. And Price momentum would indicate further downside of price. But how much more?
First let’s bring back into perspective the state of DXY.
If you ask why then it is because if we encounter a stronger dollar in market conditions it reduces an investors reach. A stronger Dollar signifies that everything will be more expensive to produce, purchase or consume.
So typically a strong Dollar would equal weak equities.
Bullish Dollar = Bearish Equities
Dollar right now is in a Bullish trend and currently consolidating in a Bullish Flag Pattern. The expectation is for price to break to the upside of this consolidation giving us a Bullish continuation and therefore a Higher High.
With the expectation of a Bullish Dollar it would be easy to say that obviously NQ’s price will continue to drop as well… Here we have to be more cautious.
Lets look into NQ’s Top down analysis and see what we come up with.
- Monthly
- NQ stablished a Lower High at 13257.75 this was in the Month of July 23. Since we have continued to see Lower Lows on the Monthly candles.
- I would like to point out that we are also returning to the 50% of the previous Bearish range on the Monthly. This can be significant.
- Weekly
- Looking at the Weekly timeframe we see a strong weekly close at 14664.00.
- This close and weekly momentum can indicate a further push to establish Lower Lows if 14586.00 is breached. ( This is my short term expectation)
- The reason I am being careful here is due to this being the last week of the Month and price at the brink of making a Lower Low on the weekly. Typically the Monthly candle will retrace some of its previous movement. Also price once Lower Lows are established could begin its trajectory towards a Lower High.
- But keeping my eyes not only on the potential breach of 14586.00 but for price to even reach as low as 14437.5.
- Daily
- We see on the Daily the downward extension of price these last four days. A considerable drop or I would describe as a controlled descent.
- We can see a break away gap on this price drop between Thursday Oct 19, 23 and Friday Oct 20, 23.
- I would be looking for price to be drawn towards this area at some point. Possibly after breaching the lows at 14586.00
So in conclusion NQ’s price has dropped as we had previously expected. But can price continue downwards without break.
We will see this week and the beginning of next Month.
For now price has enough momentum to continue downwards and establish the new Lower Lows and I would just focus on that.
Stay safe.
Market Makers Buy And Sell ModelThe market Makers' Buy and Sell Model is a strategy that reveals the market maker algorithm model for price delivery.
Basically, there are 3 things market makers' algorithms do with price in every trading session, day, week, and month
Those 3 things are; Accumulation, Manipulation, and Distribution.
AMD:
A: Accumulation
M: Manipulation
D: Distribution
1. Accumulation: They accumulate liquidity through the delivery of a ranging market.
The purpose of delivering a ranging market is to induce both buyers and sellers to enter the market thinking that price will go in their direction.
How to Identify a Ranging Market: You know price is in a ranging market when you see obvious relative equal highs and lows price range.
In a ranging market, price swing points have relatively equal highs and lows, that is, the price is neither delivering a higher high nor a higher low.
2. Manipulation: After accumulating both buy and sell orders, they then manipulate the market to further induce another set of traders which are breakout traders.
But, that particular manipulation move is not their intended direction for the day. They only use it to gather liquidity, Which will then lead them to the next action which is to move and distribute prices in their real direction for the day.
Usually, when price breaks out of a ranging market, the break-out is a manipulation to further induce a new set of traders to enter the market, further proving liquidity for market makers' real intended direction.
3. Distribution: After manipulating the price to a particular direction different from their plan, they then distribute the price to their original intended direction.
e.g to buy, they will first sell the market and then buy at the discount price level.
You know a price distribution through clean candles that left imbalances behind and then break market structure away from the previous manipulation move structure high or low to form a new structure.
Example of Market Makers Buy and Sell Model as described on the chart.
AMD:
A: Accumulation
M: Manipulation
D: Distribution
Accumulation: Price range for some time, accumulating liquidity on both sides of long and shorts.
Manipulation: Price broke the high of the accumulation to take out Buyside liquidity and then create a new higher high and higher low. But it's a manipulation move.
Distribution: Price moves away from the FVG leading to a shift in market structure, plus a short pullback, follow by a massive move to the downside to take out sell-side liquidity below.
Entry: Your entry should be inside the FVG created by price before the shift in market structure, you can set a limit order inside the fvg and place your stop loss at the high of the swing high created prior to the fvg and shift in market structure.
The same thing applies to a bullish market.
Basically, Marker makers push prices higher so they can sell the market at a premium, while they sell the market to lower prices so they can buy that market at very discount prices
This strategy can be used in any time frame and all markets including forex, crypto, stocks, future etc.
Follow me for more updates.
Feel free to ask me any questions in the comment.
Natural Gas Futures (Road Map)!!!🗺️What are Natural Gas Futures ❗️❓
Natural Gas Futures can be used for hedging or speculating and can be traded nearly 24 hours per day, 6 days per week. Trading Natural Gas Futures allows hedgers to manage risk within the highly volatile natural gas price, which is driven by weather-related demand.
Natural Gas Futures is running in Heavy Resistance Zone & Important Trendlin & Resistance Line, and at the same time, it was able to pass the main wave 5 in this zone. So I expect Natural Gas Futures to go down to my🎯targets🎯 that I showed in my chart.
Where can Natural Gas Futures go (🎯Targets🎯)❗️❓
Target🎯: 4.67$-4.55$
Target🎯: 2.98$-2.84$
Natural Gas Futures Analyze, Monthly Timeframe (Logscale).
Also, we can see one of the valid candlestick reversal patterns (💫Shooting Star💫) at a weekly timeframe 👇
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
S&P Futures Surprise!We have watched Futures price unable to climb above resistance at 4002.
Today buyers gave strong indication that they were not ready to let price reject and drop form here. Closing the day with strength above 4000.
What can we expect next?
Next target for Futures is 4090 and 4132
If price is able to build above resistance near 4090-4132 we might see a push to 4199 without breaking the Macro Bear structure.
Nasdaq NQ hovering @wma200/mma50/June low zone;Diamond again?Nasdaq, si,liar to SPY has made 2 diamond patterns in May & June leading to a reversal with positive Rsi divergence.
Could it be repeating similar set-up this Sept-Oct?
It is currently hovering around the mma50+wma200+June low zone. Sometimes prices break a little below the diamond pattern first eating away the cut-losses before a reversal. If NQ makes another new low after Thursday’s economics data, it will be bad news.
Not trading advice
6E1! Futures Ideas for the next daysSome ideas of possible operations on Future FX 6E for the next few days. I intend to apply them as intraday hedging positions, as an alternative to my usual scalping.
Specifically, before carrying out my possible operations, I will need to have volumetric confirmation and volatility indications that reflect the previous conditions to determine a real interest in those price areas
Let's see how the situation will evolve.
Please do not take any of these ideas as a possible operational invitation.
These are personal impressions, and do not want to give rise to any kind of investment
LUNA/USDT by CryptoTradersWWThe major issue is how low this can go and whether it can rebound from such a massive sell-off. I've seen some massive drops in Crypto, and Luna is up there with the most memorable. Is it approaching zero? Nobody is aware. Technical levels are one thing we may look at. The price is currently hovering around the Weekly level set about a year ago. This occurred when the UST coin was subjected to FUD, which resulted in a drop a year ago. The dump was not as big as it is now. There isn't much support below the weekly level till beneath $1, according to the market structure.
The Terra Foundation is also expected to release a rescue plan soon, which will add to the uncertainty. It's nearly impossible to catch the bottom of a plunge like this; patience is key, and risk management should be prioritized. This dump can be seen in two ways. Trying to catch the lows can either pay out handsomely, or you will lose 99 percent of your money.
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BTC/USDT by CryptoTradersWWBTC/USDT
Looking at the BTC chart on the hourly timeframe price lost the $39K support which held throughout the weekend and has been retested and is now acting as resistance. The key level to watch if we gt there is $37K this is where I believe the bulls will likely become very interested. If we see $39K reclaimed then we could get a push higher from there. These are the two levels I am paying attention to today