Overall view of NAS100 and US markets - Update of July 1stPrices were subjected to a bear pressure after settling on the all-time high resistance zone . Without any follow-through, the US markets quietly recovered and reached the @7800.00 target for the second time. In fact, after the G20 meeting this weekend and the set of agreement resulting from it, the odds that NAS100 keeps a bullish momentum are high.
Possible targets: @7900.00 (+1300pips or 130points which is around the all-time high) and @8000.00 (+2400pips or 240points).
Advice: Stay bullish and buy at any low point while we don't break the 7600.00 bottom level.
High
What exactly do traders mean when they say "local high"You've probably heard the term used in a sentence somewhere, for example, "I'm now looking for divergence on the one hour chart of bitcoin because a local high has been established"
Well this snap shot shows how a local high for an hourly time frame is established. The top of the wick (the highest point reached as of late) is at $13880 and soon after you see a candle trading below the low of that candle ...
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CERN Stalls at New HighCERN has shifted sideways after a breakaway gap by High Frequency Traders followed by a momentum run upward. CERN has now shifted sideways, which can provide a strong support for another momentum run.
DowJones is strongly bullishDowJones is strongly bullish and is now focusing on the area where the absolute maximum recorded in 2018 is found. With the break of resistance it is rising to around 26600 points.
The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy is leading institutional investors to hold long positions on US stocks. Is also driving every other major world indices.
In the very short term.
Wednesday at the FOMC meeting we can wait for the decision on the interest rate, which in all probability will remain unchanged. Monetary policy will not change in the immediate future. We expect that in the next sessions the US indices will reach historical highs. We recommend a long entry with 26900 points target.
USDJPY Trading Inside 2018 LevelsLast post: June 16th 2018. See chart .
Review: Price was looking bullish and continued to move to the upside by another 500+ pips.
Update: Price has since remained in consolidation inside the high and the low of 2018.
Conclusion: Waiting for a clear breakout and trend direction. Standing aside until then.
Sublime Trading
CADJPY Buy IdeaH1 - Price has reached the bottom of the range, bullish divergence.
If we didn’t get a valid breakout below the bottom of the range, we may then expect the price to respect it and move higher again.
If the price moves higher and breaks above the high shown in the chart, we may then start looking for buys with more bullish evidences.
BTCUSD Bitfinex
The 100% of the margin did not break through. They made a false takeout of the last Haya on the volume and took the feet of the shorty, now you can go tight to $ 5000-4900 to unload the indicators.
You can shorts with a stop for $ 5350
At this stage, there is still a bullish scenario for BTC / USD, and the purchase is possible in the Green Zone with the same potential up to $ 6098.
Breakout of the $ 4908 level will negatively affect the bullish mood in the market, and, accordingly, then we should expect a decline to the bottom.
$5000 value area doesn't matter for Bitcoin.Prediction: Bitcoin will blast through $5k to $6.4k
Bitcoin Prediction: Bitcoin will speed through the $5k value area
The $5,000 value area for Bitcoin has long been considered a very important support and resistance level. Why? Why is that level considered so important to many traders, investors and analysts? It has to do with psychology and familiarity. We use the number five in many, many forms. 5 bucks, 50 bucks, $1.50, etc. Yes, there are many numbers that we use frequently, but the number five is often used and understood as a ‘half way’ point in many of our thought processes. So it’s not a surprise that people would assume that $5,000 is an important level. But we need to use objective analysis to study support and resistance levels. To do that, one of the best tools in our trading toolbox is the Volume Profile (market profile, volume-at-price analysis, etc).
Volume Profile is a part of what is known as Volume-At-Price Analysis (VAP). Regular volume analysis on a chart shows vertical columns that show how much of something was traded at a particular time. VAP shows how much of something was traded at a particular price. VAP shows where most of the participation has been and where people have bought and sold the most. These areas generate horizontal volume levels. Longer horizontal columns are called high volume nodes while very small and short horizontal columns are called low volume nodes. The way that traders and analysts view these levels is much like normal support and resistance – with one factor being different.
High volume nodes represent strength and it is very difficult to move above or below those levels because they represent equilibrium. But, when prices do move above or below those nodes, extremely powerful moves can occur. The major gaps between high volume nodes, known as low volume nodes, act a sort of vacuum – prices get sucked into them and then to the next high volume node. We see this principle playing out on Bitcoin’s chart. As soon as Bitcoin crossed above the high volume node between the $3800 and $4000 value area, it exploded higher. And it is continuing to move higher. How high? To the next high volume node – which is inside the $6400 value area.
BTC forms 1day higher high 1st time since bearmarket beginning!!This is a huuuge sign that we may finally be seeing the trend reversal we've been so patiently waiting for and a definitive end to the bear market...This is the first higher high on the 1 day chart we've had since January 2018. We will be looking to follow this up with a 1 day chart higher low and then one more 1day higher high to complete the sequence and fully hand control back over to the bulls. if we do not form a higher low then we will almost certainly see a capitulation candle to follow...if we do then capitulation already happened in December! Very exciting either way you slice it!
Bitcoin approaching strong resistanceBitcoin is in strong daily channel up. I made this Elliot wave count on recent waves. We're seeing these bullish triangles and keep making new highs on 4h. Although we are struggling to make larger moves to the upside.
I see final push higher to 4143-4159$ region if we can hold 4060-70 on 4h.
Failure of climbing higher than 4190$ and closing above would cause rapid fall in similar fashion we've seen not long ago. Be cautious traders, analyse and make decision yourself ALWAYS!
Have a great weekend!
CGC long This 48 level is key for a breakout. The price has played with the level a couple of times. With the weed industry going crazy the last year this one should be a nice play for awhile.
LINKBTC Breakout from falling wedge, ATH flag with high targetsGood evening. Browsing through the charts to find interesting setups and stumbled upon LINK. It's starting to look like we are about to break out of the falling wedge as we speak, which will act like a bull-flag at ATH.
We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than beautiful and showing some great growth lately; The price action of this chart is just stunning. Black lines on the chart is different levels which is tested, and will act as support and resistance.
It's hard to set price targets without any previous price history to pull levels from, so fibs is the only way. I would prefer to use a fib ext from the flag, but for it to work perfectly I need a confirmation on the extremes in the fib ext. Once we are above ATH again, I will draw the fibs to get them lined up. Anyways I'm expecting a surge up towards toe 18000sats zone, which is a 60-80% gain.
Make sure to leave a like to get notified on the target fibs once they're coming out! If you would like to see more from me, smack that follow button!
Strategies to Buy This Value Automobile StockFCAU has seen considerable improvement under its new management, and with the recent cleaning up of debt, they announced last month that they will be giving out dividends. FCAU has not paid a dividend since 2016, so this is incredible news for what I believe to be a very valuable stock to own in the next few years.
Despite positive earnings, FCAU has seen a tremendous drop. Historically, this is followed by a drop in sentiment and an eventual rebound. Though a "cup and handle" rebound attempt was seen, it was immediately followed by a descending triangle pattern, breaking out into new lows. The average RSI-26 on the 30min candles seems to be descending linearly to the 30 line, where it historically picks up again. This is suspected to take place between March 14th to March 16th 2019.
My suggestion is to pyramid in your buys once the latest low is tested and stop around a 5.5% low from the initial low after the earnings announcement. This gives you the following target buy points:
$14.34
$14.22
$14.13
$14.07
$14.01
$13.93
$13.80
There is, however, a possibility that the best time to buy will be sooner than later. This, I believe, is largely dependent upon the current overall market trends. The S&P and Nasdaq Composite Indexes have been shaky lately. If the overall market rises, we will see this stock recover much more quickly, since it's Beta is close to a 2. In which case, jump on anytime and ride that bull.
Extremely pivotal moment for bitcoin could signal bearmarket endIf we can break up from bitcoin's current 4hr bull pennant, the breakout target shown here is around 4350 or so....which would also allow us to hit the green falling wedges breakout target shown here as well. Much more important than either of those targets however is if we can at least get enough momentum from a bullish break of the bull pennant to lift price action above the lavender horizontal trendline at $4117. Why is this line so pivotal? Because if we can reach above it we will for the first time since near the beginning of the bear market form our first higher high on the 1 day chart. That would signal that we may finally be starting to see exchange in the overall market trend from bearish to at the very least more sideways...we could of course hit that higher high and still follow it up with a lower low if the rejection at the top descending dotted white trendline is powerful enough...if we were to then follow it up with a 1 day lower low, that would almost certainly become our capitulation candle(unless we already had capitulation back in late December at 3.1k). Also if we were to follow the daily higher higher with a lower low, even though bears would then still be in control we would very likely have another higher high after that lower low since it would likely be a bounce up from capitulation and from there we could expect a higher low and a subsequent higher high after the higher low on the daily. Once we can complete a consecutive higher high/higher low/higher high sequence on the daily chart I will then be confident the bottom is indeed in. However we could also bart down here instead of breaking up from the bull flag and simply continue our never ending bearmarket series of lower highs on the 1 day chart....if so the bottom may not be in for some time. So for now though this is a very pivotal moment for btc...especially if we can break up from the current 4hr bullpennant. 4hr stochrsi looks like it wants to go up but the daily stochrsi looks like it wants to head downward so who knows it could break up hit the target and then have a big retracement...if so as long as the breakup goes above 4117 that will be a very very good sign...even if we capitulate immediately after.
Clear bearish strength XBTUSD ETHUSD There is a lot of bearish sentiment and as such has shown up on the charts for easy analysis to place your bets on where the market will go. So we see that we have a red stochastic back ground during the recent downtrend. MTT Code 28 Bullish signals were short lived and weak. After each weak green signal, bear signals had significant price action downwards. Thusly I can draw the conclusion that if the bullish signals were weak we can expect to see significant price action bearish side.
Currently we seem to have a found good floor of support at 3376. Bullish signal went out and we have seen a gain of 20 points. Bulls are currently testing their strength and we will see if they can make a significant retracement. We have 3/3 on the Mtrendmeter. I am prepared to stop out at a moments notice of bullish sentiment weakness.