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The Cat Eye's a Retrace ? 😾 Or Dump CityOften times I can observe a retrace with London Session. Just as price did yesterday. My thoughts are a potential retrace to 1.09149 4Hr reiestance zone and some consolidation before another bout of Sell Side pressure. Price made leaps and bounds of progress to the downside during the last 2 sessions. I do not think the market is random. Nor am I trying to call a bottom. I am simply analyzing the behavior of this market as I have observed it for quite some time. Price is in close proximity to a Daily Support Level 1.08915 (6 pips away ) We have News tomorrow during NY session which I believe can be a catalyst to pullback a bit more before Inflation data during Friday NY may help provide a continuation of the preceding 1hr trend at that point. Towards the beginning of the week we were calling out a retrace to 1.0847. Idea was to do a Weekly Wick Fill as price was thought to have bearish momentum coming out of last week after a Bearish candle was printed ( With a larger top wick when compared to the body of the candle) We may see this scenario play out and we would like to see a break and retest after prices closes below 1.08820 on either the 1hr/4hr. Otherwise I observe a pullback for the time being.
Long
by ShrewdCatfx
2
💭 Daily Tf Key Level plays Important Role ( 1.0918 )This week 1.0918 Daily Support/Resistance Zone will likely play an important role in the direction of this week's price behavior. This was a Major Support during last week's price action may very well act as a resistance level for the new week's price action. The new weekly candle gapped up but at the end of New York trading we can observe a hold of 1.0918 Daily S/R Zone. We are currently in a tight range to begin the week between this mentioned level and the 4hr support zone 1.0886. If Sellers fail to hold below 1.09180 then entry upon break and retest above it with targets at 1.0958 4hr Zone and the previous week's high at daily resistance zone 1.0986. Otherwise with Sells here we may continue to anticpate momentum to return to the downside. Our weekly target for sells remains at 1.081. More Analysis : Started off the week taking Sells from our Daily S/R Zone 1.0918 . Earned +.5% on the account about after commissions. It turned out to be the high of the day. Being pro-active with your trading plays an important role in profitability. Trade where it is most uncomfortable and you will likely see your results improve. Not Financial advice this has been and will always be education.
Short
by ShrewdCatfx
A Volatile Climax in PricePrice did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily support Zone. The NY 4hr candle dipped back to around 1.094 Weekly resistance level where it found support. 1.09435 is also a 1Hr support Zone that was created with the New York session 1Hr candle. 2 4 Hour candles have closed above 1.0957 4hr Zone. Maybe I'm just trading what I think but I prefer selling at these prices. My thoughts are that we are towards to the topside of what could now be a range as previously mentioned on the 4hr timeframe .
Short
by ShrewdCatfx
Eurusd Shaking out Weak hands?Trading is not complicated once you have a good understanding of whatever your technical approach is to the markets. After that good understanding is achieved you will have reasonable expectations about where price can go and will rarely be surprised. However, trading can become difficult when you throw trading psychology in the mix. Positive trading psychology is the sum of your mindset, discipline, and patience. This is why it's the most fragile and significant portion of your bottom line. Listening to the great traders and reading about their stories it's often mentioned as the most important piece of the puzzle when it comes to long term & consistent returns. It requires inner reflection and a good amount of attention from time to time. I have run into one of these occasions as I have strayed from my bread and butter. I have nonetheless created a rule on my trading plan to save me from any future occasions.
Short
by ShrewdCatfx
📺 Exhaustion through Weekly candle closeWe can observe a 25% pump after price created a Lower Low on the Daily timeframe at $25,128 ( 9 Days ago). The latter half of June has been quite exciting for Bulls. I suppose in March price did a 35% pump in 6 days. Anything can happen as we have seen in the past. Last time price was at this area it distriubted for a week before correcting 11% in 6 Days. 1Hr & 4Hr market structure has turned bearish and this current daily candle has not seen much upside. There has been a change of character since the blowoff +3.77% 1Hr candle printed during Friday's New York trading session. Bulls want the weekly candle to close above 30,329 in 28 hours. This would confirm very strong bullish pressure since we would close above medium term market structure highs created in April. I'm looking at a retracement to the most recent Daily support level at $29,901 through the end of this weekly candle. Looking for the weekly candle to create a larger top wick and pullback to the downside.
COINBASE:BTCUSDShort
by ShrewdCatfx
Risk/Reward Bitcoin Setup ⛲Risk/Reward is the name of the game. In my scalping this morning I've taken 10 trades. I have gone on a losing streak of 10 trades in a row. After reading the books I've become aware that this is not unsual for a profitable system in the markets. I like the analogy of pulling marbles out of a hat. If you have an edge in the market then over the long term the marbles you pull out of the Hat will net you a positive R. However, in the short term you may pull out 10 marbles consecutively that do not net you anything. This is where trust in your experience and system will serve us as traders for a long time to come. Technicals : Price has arrived at our monhtly supply zone 29,305$. Price is up 9ish percent over 2 days. The Market is not random and I'm aware of that. 8 4hr candles in a row is not common and that is a fact. Combining these confluences..
COINBASE:BTCUSDShort
by ShrewdCatfx
This is Forex.. (Timing is Key) Correction with London 📻 Currently Sitting at 4Hr Supply Zone ( 1.09945 ) Looking for lower prices as price has touched into a 4hr Supply zone and we have an upcoming london session. What we may observe is a quick spike then a hard retreat back down to 1.098 or even 1.0945 ( Both of which are daily S/R Levels) . You can observe this behavior on Eurusd from last week. I will include a snapshot. A Brief description being as price was creating Higher Highs and Higher Lows on the daily timeframe EU was stairstepping it's way up by doing a retest at Daily S/R Zones. The wednesday Daily candle did a retest at 1.07817 Daily S/R Zone/. The Thursday daily candle did a retest at the 1.08126 Daily S/R Level. It's a recurring theme and is something we may anticipate as price continues to makes it's ascent. You may trade the pullback to the downside or wait for better Risk/Reward Long price areas. More attractive long prices area's being the 1.098 and 1.0945 Daily S/R Zones previously mentioned. Sometimes it's more about understanding the psychology of market participants and using this to your advantage. Price is High as we approach the 2nd to last london session of the week. But with london we will expect more volume and why not a pullback with this volume. We are sitting at a supply zone anyways. There is alot of liquitiy in forex and so you will not see insane 10% increases in 2 days like you can observe in crypto.
Short
by ShrewdCatfx
Impending Volatility ☕ / EurusdThe Weekly candle has touched into 1.1012, only 12 pips from our weekly resistance level 1.1024. On the daily timeframe we can observe a bearish candle Shooting star rejection candle is forming and price is currently below our 1.098 Daily S/R Zone. On the 4Hr timeframe we can observe price having issues with the 1.0995 4Hr Supply zone. The 2nd London 4hr candle has just closed bearish with a top wick twice the size of the body. The new 4hr candle thus far has confirmed our bearish thoughts as it has pushed down 14 pips in the first 15 minutes. 1Hr Timeframe : Price retreated during asian session pre-london towards our Daily S/R Level 1.098 which I capitalized on. We then rejected 1.098 S/R Zone upon initial retest as I forecasted in my prev publishing. We ran the highs from asian session and price made it's way a bit higher before pulling back hard for New York session open. We can observe clean traffic going back down 1.0956 and this is what I'm looking for to play out with sell stops .
Short
by ShrewdCatfx
6
Capitalizing on Market Resurgence: A Promising Long Position on As today's market landscape evolves, astute traders recognize the potential for profitable opportunities. With a comprehensive analysis of the US100 (NASDAQ) on the 4-hour timeframe, a compelling case emerges for considering a long position. This article will explore the pertinent factors and recent developments that bolster the bullish outlook for US100. Tech Sector Resurgence: The US100 index, comprising top technology companies, has been witnessing a resurgence in recent times. Amidst the global economic recovery and increased digital reliance, tech giants have been at the forefront of innovation and growth. Positive earnings reports, product launches, and expanding market presence contribute to the overall strength of the sector and signal a potential upward trajectory for US100. Supportive Fiscal Policies: The US government's commitment to economic stimulus measures, coupled with accommodative monetary policies, has acted as a catalyst for the tech sector's growth. Increased government spending, infrastructure initiatives, and tax incentives have the potential to drive further expansion and boost corporate earnings, thereby favoring US100's upward momentum. Technical Analysis: Examining the US100 on the 4-hour timeframe reveals encouraging technical indicators. The presence of bullish chart patterns, such as higher highs and higher lows, along with the potential breakout from key resistance levels, suggest the possibility of a sustained upward move. Traders leveraging technical analysis tools, such as moving averages and oscillators, may observe bullish signals that support the case for a long position. Positive Market Sentiment: The prevailing market sentiment plays a vital role in shaping the direction of indices like US100. With an overall optimistic outlook and growing investor confidence, fueled by positive economic indicators, the appetite for riskier assets like equities remains high. This sentiment creates a conducive environment for US100 to thrive and potentially experience upward price movement. Conclusion: In light of the ongoing resurgence in the tech sector, supportive fiscal policies, favorable technical indicators, and positive market sentiment, a long position on US100 on the 4-hour timeframe appears compelling. However, it is essential to exercise caution, implement appropriate risk management strategies, and stay informed about any unforeseen events or market developments that may impact the trade. By capitalizing on these factors and monitoring the market closely, traders have the potential to benefit from the upward trajectory of US100 and secure profitable gains. Please note that trading involves inherent risks, and it is advisable to consult with a financial professional or conduct thorough personal research before making any investment decisions.
CAPITALCOM:US100
by DalitsoTembo
Profit Taking after 5% Jump 🍞Profit taking for a trader is crucial because you must pay yourself for the time spent in front of the chart. So long as you follow the adage "Let your profits run and cut your losses short." It is a job and not a hobby/passion at the end of the day. We are playing with real money here! The market has ascended 5% and that is about the extent of the Average True Range when Bitcoin pumps or dumps. So you could roll the dice and hold to see if we run another 2-3% but why not stay disciplined. Price has reached a Weekly resistance level anyways. Pay yourself and go enjoy your life. Anyways there are some players who have been lying on the sidelines for a chance to jump in at a Weekly Level. Nonetheless I am just another talking head on Tradingview. Follow your Plan because if you believe in it, then it is the true way.
COINBASE:BTCUSD
by ShrewdCatfx
4
$CIAN shows a good picture for turn aroundObserving an interesting picture on the MOEX for MOEX:CIAN . Energy for the good jump was taken and it is really ready. All the indicators show turn pattern that can take place in the nearest time. Looking at this pose and a huge difference between NYSE:CIAN figures on the MOEX and NYSE. I highly assume, that the CIAN line on the NYSE lags behind the CIAN line on the MOEX and, moreover, once the CIAN starts growing on the MOEX, the second graph will react more actively on the NYSE market, but with a monthly lag, which will be going to a shoot with the much more power than we will see on the market of MOEX. If it happens, we will see an amazing rally on the fields of both. MOEX:CIAN ::RUB409-»RUB720::76%::Mid-End of April NYSE:CIAN ::$3.4->$8.7::155%::End of April Good time for now to join this company on the MOEX and do the same in some weeks. If you agree with this idea, please push the button of Like ). Thank you for reading, Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs
CLong
by furoreggs
1
BTCUSD MAKE OR BREAK MOMENT BTC has been very fun to scalp in this flag pattern over the last few weeks. But we are getting really close to a moment of make or break. I like to keep my technical analysis really simple, using basic techniques such as price action, trend-lines, and zones of support and resistance (S&R). As the analysis clearly illustrates, we can see a 50/50 scenario here. A break and strong close above the top resistance, and breaching the bullish flag, will most likely bring BTC close to the $30k price range. On the opposite side, if we break below our support and fall under the long-term trend-line, then the price of BTC will likely drop close to the $22k range. The next week or two will be fundamental for what's to come in the next few months for cryptocurrency. Please note that the advice you receive about cryptocurrency should always be taken as guidance and not as definitive instructions on what to do. Investing in cryptocurrency, like any other type of investment, involves risks, including the loss of capital. Always conduct your own research and consult with a financial advisor before making investment decisions.
BITSTAMP:BTCUSD
by Blast910
Engulfing candles = More Momentum ahead ⏳What we can observe here are Daily candles and Weekly Level's. To be more specific : A Daily timeframe Retest of a Weekly timeframe S/R level after a Daily engulfing candle. The weekly candle closing in 3 Hours at or below 1775 Weekly Support level looks great for bears. Bear pressure seems quite overwhelming and is coinciding with the opening of a new weekly candle. After 50 trading days of ranging since April 22nd, it appears price may be attempting to decease with some fundamental factors coming into play. The Technical's are screaming at us now to jump onto the train. This is a good risk/reward idea considering bearish market structure. If I was a buyer, I'd wait to see the size of the new weekly candle bottom wick before making an investment decision. Considering momentum, we must appreciate the fact that the next weekly candle will likely attempt to fill at least part of the current weekly candles bottom wick ( which is -3.12% ).
COINBASE:ETHUSDShort
by ShrewdCatfx
Sp500 Forecast: Unusual day and last hope for bull 🧙‍♀️ On third Friday of March, June, September and December, most options and futures expire. Already today there will be a large quarterly expiration, popularly called "Quadruple Witching", In total there are 4 of them per year (at the end of each quarter). In last hour of a trading session, trading volume and market volatility usually increase sharply. 💫 As a rule, this is followed by a medium-term trend change or strengthening of the previous one. Since March expiration, SP500 has grown by as much as +10%! Almost 90% of this growth was provided by just few companies: NASDAQ:NVDA , NASDAQ:MSFT , NASDAQ:AAPL , NASDAQ:TSLA , NASDAQ:META . And since beginning of year, it has grown by +15%, that is, there has already been an increase in the growth trend. The whole quarter went up. For your convenience, I put the witches on chart. The picture clearly shows that magic happens on “witch days” and medium-term extremes of market 🪄 There is extreme greed in USA market right now - the perfect moment for a market reversal! At such moments, unjustified pumps are visible in some unprofitable companies: NYSE:SPCE , NYSE:AI , etc. If you are stuck in these papers, now is a good time to sell. But from next week you can already start wearing shorts, summer is coming ☀️🩳 Now, the US Ministry of Finance and FED are also playing on side of the bears, which are withdrawing liquidity from the market. Market reversal is 99% ready ✅ 🎯 Targets for a set of medium-term long positions: 4000p, 3800p. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
SP:SPXShort
by Dorado_Crypto
Post-Interest Rates... 🏁--> Momentum Push? USD Interest rates helped to pull EURUSD back for better prices. Euro interest rates was the catalyst for a +1% increase in the EURUSD currency pair. The WeekIy candle can push a bit more to end off the week. We usually have a bunch of liquid just past extreme highs and that is what I am explaining on the chart. This is a price action concept. took buys at the beginning of the move and took my humble 14 pips. Anticipating a continuation of price to the upside with consumer sentiment tomorrow. It is expected to improve over the prior data point two weeks ago for the USD. Given the massive buy volume it is difficult for me to visualize that the current daily candle will not attempt at lease so some of push towards the next daily level 1.098 Daily Resistance Level.
Long
by ShrewdCatfx
$CLF - to be prepared to be patientNYSE:CLF is a good industrial company with a long history and covers a full cycle of production. Looks like it shows attempts to bounce of the historical bottom. Would not like to analyze on the short time frames, cause I convinced, it will show awesome results, but only on the long period of time. This company is relevant for investors, who are ready to buy shares of the company with the stable business, just if it's in the bottom of the stocks market and being full of high level of patience with expectations for the amazing results. It is clear, that trying to make some forecasts for so long time range - this is like shout to the aim, that you cannot see yet, but we can use a rules of tech analysis. In this terms, I can predict 2 scenarios with 8-10 years of durability. But before, I assume, this company should came from 16 to 8, approx in a year and after a slow and sustainable growth within 5-7 years it will have enough energy for the rocket show. In scenario 1 potential is 8->48, +500%. In scenario 2 potential is 8->80, +900%. Honestly, I will not invest in this instrument due to this is not the industry, in which I'm interested in, but I would like to share a forecast for far away to check, either it will match or not with reality. Mates, please, don't judge me for this peace of experiment ). Does not constitute a recommendation #investing #stocks #idea #forecast #furoreggs #experiment
NYSE:CLFLong
by furoreggs
Buyers are we Stretching the Luck? 🫢- Weekly Candle is Bullish and has pushed past the previous week's high creating a nice breakout of 77 pips - The 3 Daily candles this week have been Bullish - The Previous Daily candle increased by 70 pips in total ( 31 Pip Body and 40 Pips top wick ) - The previous daily candle's top wick was larger than the body of the candle itself. - The 4hr timeframe has closed two large engulfing bear candles in the time since Interest rates - The Market has punished late buyers with Interest rates data ( I called this out check previous post) - The market has seen a change of character and this has known to be a frequent occurrence with interest rate releases. - I don't think a randomness bias is associated with this Short Idea after we have seen 3 Bullish daily candles in a row ( The evidence above ) - The Market is Beast and representation of the psychology of all of it's participants. Follow your understanding of the price behavior and execute with only good Risk/Reward Ideas.
Short
by ShrewdCatfx
Will Ethereum survive this hot summer? Hardly 🙅‍♂️Now during FUD from US Department of Finance, we saw what a sale of altcoins was - this may negative affect ETH too. A large number of coins are written on Ethereum blockchain, so in event of further delisting, this should negatively affect for second coin on market. 📉 From its high this year, BINANCE:ETHUSDT is already down -18%, while BINANCE:BTCUSDT is down -16%. At the moment, Ethereum looks worse than Bitcoin. According to technical analysis, ETH has +4+5% growth potential. But downside potential is much higher up to -25-30%. Now short looks more advantageous. Fundamentally, all factors also point to a further fall. This has been written about more than once in past ideas. 💡 Short term trading idea: 📉 Short: $1732 🛡️ Stop: $1874 (-8%) 🎯 Target: $1356, $1228 (+30%) ⚖️ Risk/Profit 1/3 💼 Volume per trade: up to 5% per trade. You can find even more profitable ideas in the profile header 🎩 If you are interested in analysis of any other asset - write in the comments and I will do it.
Short
by Dorado_Crypto
1