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Sustainable Trend? / Eurusd Longs 🐂As price rejects our weekly Level 1.066 which began on May 31st, we map a possible scenario in which we may jump on the train with long positions. I am anticipating the new weekly candle to pullback first and create a bottom wick as most weekly candles contain. Price has arguably been in a range for the past 2 weeks. The Last 2 red folders news events last week assisted in the increase of price. I am anticipating the same sort of price action this week with CPI ( which is expected to decrease and in theory pump risk assets liek EUR) and Interest rates to be catlalysts for a further increase in price. I idea is that the general consensus for interest rates being held at the same rate supports our preceding trend to the upside. Because it will be priced in and the status quo maintains. The trend is developing to the upside and some news releases will act as a catalyst for a continuation or an excuse to pullback for lower price opportunities. If this bias blows over we may simply obersve a contiued rnage on Eurusd between Support level 1.06902 Daily Support level and 1.0776 (averaged) Daily resistance level. This range scenario or descent on Eurusd will occur if we observe risk off sentiment as crypto continues to plummet and we observe a correction on the U.S. stock indices. Institutions and other large players will crowd into buying the dollar and our ascent to 1.078 will look nothing more than a pump to lure in Late long liquidity as we fall back to 1.066 weekly level.
Long
by ShrewdCatfx
2
Capitulation before more Longs ♟️Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against major Crypto exchanges. ( Binance & Coinbase ) The Market is creating Lower Lows and Lower Highs on the Daily timeframe. With the current weekly candle closing bearish in 20 Hours, I can't help myself but observe some fresh bearish pressure to begin the new week. This is something I have observed quite frequently when the Forex Market trends. All markets come down to supply and demand and Crypto is likely more of the same. A Weekly candle will likely create top and bottom wicks but if it doesn't, that's why we exit the market to cut losses short.
COINBASE:BTCUSDShort
by ShrewdCatfx
2
The Eagle eyes a ( Risk on ) Inflation report 🦅The market is going up for asian session and I'm anticipating a correction of this price action during lodnon session. With USD CPI data during New york session it is possible price could just fly to the next daily resistance zone 1.0813. This will likely occur if the 4.1% forecasted inflation rate isn't met and inflation decreases at a slower rate than what is expected. I think this to be the more likely scenario because a .8% decrease in inflation seems like a bit much to me. I'm not anticipating that EURUSD will take it's lovely time increasing. It will be abrupt and cutthroat as the market blows through Investors's ***** ... Okay I will stop there because I don't want to make things to explicit. That's whats happening when price fluctuates 50 pips in the blink of an eye anyways. It's not what you want to hear but it's the truth. The unprepared will be taken to the slaughterhouse. I will implement my trading system as it allots. Risk management / Position sizing and capital preservation are especially significant during times like this. CPI data releases have acquired an important role in the last 2 years due consistently high inflation. If Eurusd continues it's downtrend on Higher timeframes and last week's bull candle was just a dead cat's bounce, then we may anticipate that price will spike at or above 1.0782 Daily resistance level or even go touch 1.0813 Daily resistance level before returning to the downside as the current daily candle closes back underneath 1.0782 Daily level and goes back down prior to FOMC interest rate news on Wednesday. Price has estalbished a new Daily support level at 1.0746
Long
by ShrewdCatfx
$BTAI (Bioxcel Therapeutics - semi-year race with good tipsNASDAQ:BTAI - is it hoing to grow? My answer - it is almost ready to start. Shown a high level of correcton after the previous long wave, company would like to show nice profit for the investors to this kind of fields. NASDAQ:BTAI (Bioxcel Therapeutics) :: 21.46->50::+132%::Aug 2023 Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs Please, subscribe and challenge my point of view )
NASDAQ:BTAILong
by furoreggs
6
$MOMO returned to the global side movingNASDAQ:MOMO rebounced and returned global side moving withing the mother channel. To be aligned with the generic Chenese long moving? this one of the top companies should start catching up the colleagues. Huge potential is hidden under the mask of the silent, but huge service company. NASDAQ:MOMO ::9.15->16->25->39::+326%::Autumn 2024 Does not constitute a recommendation. #investing #stocks #idea #forecast #furoreggs Please, subscribe and challenge my point of view )
NASDAQ:MOMOLong
by furoreggs
Don't Eat the Forbidden Fruit and Buy the High ❎The Market can do whatever it wants. The market may do as it wishes whenever it pleases. Like the wrath of a god. We are not gods. We are humans and not one of us is invincible. Therefore we must only take good Risk/Reward ideas. Buying up here is not a good RR Idea. Buying the High and chasing the market is Forbidden to professional traders. Just as Selling the low is. These are principles that the trader learns along the long and painful journey to profitability. This is how the Average man , through patience and diligence , may become the greatest of warriors. And line his pocket in ever-increasing quantities. Don't chase but allow the market to arrive at your level's. The latter has probabilities in favor.
BITSTAMP:BTCUSDShort
by ShrewdCatfx
6
Creation of the Top wick / Weekly Candle / End of WeekThere are only two things that can happen on Friday's Daily Candle 1) Price may continue to create a larger weekly candle body or 2) the weekly candle will form a larger wick and retrace This week we are observing the latter Price is pulling away from the High prices created during yesterday's New York Session If the Daily candle closes beneath 1.0762 then we have returned back into the range and will be eyeing out potential short setups to begin next week. For Buys I would've preferred that we would have held 1.07615 Daily S/R Zone as we can see it played a key role in pivoting on 6/2, 5/19, and 3/27 Now we continue the range as far as Im concerned. We may pullback to the highs ( 1.0774 and 1.0786) early next week ( Monday/Tuesday ) then dive back to support at 1.069 Daily Support.
by ShrewdCatfx
Ongoing Range above Key level 🎴We can observe the Ongoing Range above our Key Level ( Weekly Level 1.066 ) Monday Asian Session -> Bearish Monday London Session -> Bearish Monday NY Session -> Bullish Tuesday Asian Session -> Range, and at best slightly Bullish Tuesday London Session -> Bearish Tuesday NY Session -> Bullish Both London Session's this week have been Bearish thus far. As we approach unemployment claims data on Thursday NY Session, I can observe a Bullish London Session and increase overall on Eurusd until then. Price is not quite having the effect it once had when we initially dipped into our Weekly level last week 1.06636. The reactions off the Weekly level are becoming smaller and less pronounced. We are still holding steady however and price has not dipped below our weekly level since the initial touch. Short Sellers are happy that the Daily candle is closing bearish and they would prefer a close below Daily support at 1.06885. Buyers are happy that the decrease over the last 4 weeks on Eurusd has come to a halt as the Daily timeframe ranges above our weekly level through 1 week and 2 days into the next week. The manufacturing data yesterday was bullish for Eurusd and caused an increase in the price. Consequently, this increase was corrected down to the price of EU prior to any manufacturing data. However, NY session has been bullish for the 2nd day in a row as EU holds steady above our weekly key level. Today I had a very good trading day taking buys at lower prices near what was a 1Hr Zone at the time 1.067. The Level has since turned into a 4Hr Zone as New York has successfully rejected those lower prices.
Long
by ShrewdCatfx
2
Scam exchange Binance - need be afraid of such an event? 😰Attacks from SEC on the Binance exchange continue. What can happen to BNB and the largest cryptocurrency exchanges against backdrop of the ongoing circus with the SEC. Its important to understand that BNB can only disappear if Binance exchange is scammed. If this happens, then believe me, a lot of projects will fall off, because the Binance is now, in fact, the so-called crypto market. 📌 Suddenly, someone does not know, this exchange is the main monopolist of crypto industry and it is on it that highest volumes of cryptocurrency turnover take place. We estimate probability of a Binance exchange scam at only 5%, since the lawsuit is only from the US SEC, and Binance is a global exchange that operates all over the world. So you should not be afraid. 💁‍♂️ Most likely, many panicked and started selling BINANCE:BNBUSDT BNB, but price fell by only -10%, which is not much for the crypto market. We dont expect landslide sales for this coin, a maximum of -30-40% from the current ones, and not because of current reasons, but because of the withdrawal of liquidity from the system (read previous posts). Binance simply will not allow a strong collapse of coin, as this will affect the credibility of their business. We think that Binance is and will continue to conduct so-called buybacks (buyback of tokens), especially if the price falls. 📌 For an example, just look at how weak the BNB coin fell in bear market. Do you think the stock exchange has nothing to do with it? We strongly doubt it. 🎯 Technical analysis Coin is trading above medium-term uptrend and is now testing this trend from above. The support level of $258 passes directly below trend line. Above the key resistance level of $339, which price has not been able to break through for more than a year. In case of panic, the price can break through the trend line down and the support level of $258. But below is a very important support level of $223 along which the long-term moving MA200w passes. Below is emptiness up to $ 138 ... The price may well fall to the key level of $223 or even lower, but we think that at any price below this level, the exchange itself will actively buy back tokens, since below it is essentially just emptiness. Therefore, around the $223 level, you definitely need to make purchases, even though it will be very scary! And for those who do not yet have positions on this coin, it makes sense to make the first purchases now, when fear reigns and the price is right at trend line. 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.
by Dorado_Crypto
Forecast complete ✅ HOT summer for bitcoin has begun NOW! Since beginning of June, Bitcoin has already fallen by -9%, why this is happening and what to expect next - I have already detail told in Tradingview post month ago. Now the news about SEC lawsuit against Binance has begun to appear, but all this is «market noise», friends. The fact that Bitcoin will fall was said in advance by technical analysis and macro factors. What to expect next? 🔮 Unfortunately, the situation isnt in favor of growth for the main cryptocurrency. In the US, the government debt ceiling has been raised, which means that the US Financian Department will borrow $1-2 trillion until the end of September 2023. Also now there is a withdrawal of liquidity from the FED - all this together will play negatively on Bitcoin. The dominance of Bitcoin CRYPTOCAP:BTC.D in market is still kept at level of 47-49, which acted as a "ceiling" in last 2 years. This means that altcoins are still holding on very well and we have not yet seen real sales in the crypt. But we will definitely see. If you have altcoins in your portfolio, there is still a good chance to sell them at a good price. 🔰 By the end of June, we can see BINANCE:BTCUSDT at $20-22k levels. This will be a good level to start forming a mid-term long position. Keep strong, buddy. And have enough cash for buys! 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
Forecast completed by Sp500 ✅ Trees have grown to high sky?As we predicted earlier in the short-term forecast, the Sp500 index reached 4300 points, although not many people believed in it. Now there is euphoria and the FOMO effect: money from private investors has already flowed into US stocks. There is extreme greed in the market! And how greed ends in the market - all more or less experienced investors know ... Small oversold companies still have a large number of shorts, which means that there is a high probability of fast short squeezes from +20 to +80%! Don't buy stocks just because they've gone up a lot! Now is not the time to do that. What to expect next from the Sp500? 🔮 Unfortunately, the situation is not in favor of growth for the index. In the US, the government debt ceiling has been raised, which means that the US Treasury Department will borrow $1-2 trillion until the end of September 2023. Also now there is a withdrawal of liquidity from the Fed - all this together will play a negative role on SP:SPX . In the late month, the index grows by only 5-7 companies, this shows the weakness of the index. The shares of the IT sector look the best. But deteriorating conditions in the US economy will weigh heavily on these stocks. 🔰 According to Sp500 forecast 4000p, and then 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
USD Buyers Surprised by News Release 🎋 Hold or fold? Manufacturing Data sent Eurusd price soaring 42 Pips in less than 11 minutes as the expected figure missed. Is the current Price sustainable for Eurusd? The Weekly candle dipped down to down Daily Support Level 1.06684 and coinciding with manufacturing data we have rejected our Daily support level. In order for the current Daily candle to close bullish price needs to close above 1.07107. Bullish Argument - If the Daily candle closes where it currently sits, it looks like a Bullish hammer candle. - A Bullish Hammer candle rejecting Daily Support Level 1.06884 - Price has retraced Asian session and London sessions's bearish descent - I am anticipating a steady bullish recovery in EURUSD price since the meeting minutes on May 24 ( For more, please check the post " Ultimate Catalyst : Interest Rates News " ) - The Weekly candle last week closed as a Doji candle, an Indecision candle as bears ran into a wall at our weekly support zone 1.06643 Given all of this, It is very common to see News releases get corrected. I believe this will occur over the next few sessions as we could observe during the May 10th CPI announcement. On this announcement Price initially spiked up with news. This occured only to see Eurusd price corrected as the market digested the news. It took 18 Hours before Eurusd corrected the May CPI news. Price on Eurusd was decreasing to close out last week. This week price had only been decreasing with exception for the New York session manufacturing data news release. I am anticipating Eurusd to range and gather more orders around 1.0688 Daily support before seeing anymore upside.
Short
by ShrewdCatfx
Most Relevant Short term Level's / US30 🧑‍💼33,111 Support on the Weekly Timeframe 34,092 Resistance on the Weekly Timeframe With Monday Daily candle close, we have just created a Daily resistance zone at 33,760 32,856 is the nearest Daily Support Zone After the market pumped up +2% last Friday, we can observe a -.61% down Monday. The Market has been ranging for 6 months plus. I think we will continue to observe a range after the Daily timeframe popped it's head above 33,675 ( Previously a Daily resistance after Friday's Daily candle closed above it ) Monday's price action has had the Market ease off the highs and are idea here is that this will continue into Tuesday's and Wednesday's Trading. If the Market sticks it heads back up to 33,762 it may offer a good Risk Reward Bearish Setup
UShort
by ShrewdCatfx
Retest Bitcoin! Or a Dip and go? 🎐Headed to 24,300$ Daily Support and also Weekly S/R Zone. The question is if we have a sweep of late short orders and an abrupt pullback to our previous Daily S/R Zone (26,301$) before further downside. Now that we have gained liquidity after sweeping above 27,400 Daily Resistance level, probabilities suggest we will continue to the downside. We did not have this bullish sweep when I posted a short analysis on May 25th when pricee dipped to 26K. With the new Monthly candle came re-invigorated bears. I think it's safe to say that Bull positions from earlier in the Year took profit around 28K to 30K after the asset was up 80% on the year. For an Institution was that not enough? I doubt it and am thinking that they have taken some profit. As the Second Quarter comes to a close, we can see that price has pulled back 17% from the highs and is still 55% up on the year. We have some more downside to give on BTC. This Daily engulfing candle will create some fear for those holding from earlier in the year. 24,307 is not far off and we are offically entering another Bear market at least in the Medium term. Lower Lows and Lower Highs as Bitcoin backs off 30,000$.
COINBASE:BTCUSDShort
by ShrewdCatfx
4
Surrender Bears! Accumulation above 26,747 ? 📽️Timeframes are closing above Weekly Zone 26,770. Unless during the next 22 hours we see a 1.22% dump below our weekly level , I'm Looking up from here. Price has returned into our range from the second half of May between Daily Zone 27,400$ and 26,747$ Weekly Zone. Price printed a solid Bull candle rejecting our Weekly level which was anticipated. Price consolidated and dropped slightly during yesterday's daily candle. We haven't started dumping and price has been consolidating along the Highs of our Daily range from the Second half of Month May. The Highs during the Second half of May being 27,400$. As the New week begins I am looking for an Increase in Bitcoin as the debt ceiling controversy ends and the Summer begins. 29,246 Weekly Level is our target for the 1st half of June. Safe Trading.
COINBASE:BTCUSDLong
by ShrewdCatfx