BTC - looks bearishYou should expect lower prices.
Invalidation of the idea - closing the daily candle above 66600. Indicators and the chart show a possible decline.
Indicators
BRIEFING Week #16 : Volatility peak & Value RotationHere's your weekly update ! Brought to you each weekend with years of track-record history..
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ONG exhausted?After receiving our aggressive FBuy, we had a good 11% increase. Now it's seems that it's going down as the bears are in control.
First target: 0.50 and more.
DYOR. Anything above 0.57 is trend continuation
Gold Still In Buy trend !!!Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
About BW indicators...Hello traders!
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We have not disclosed the detailed settings and formulas of the indicators below, but we will disclose them in the future when we deem it is time to do so.
Please understand this.
There are quite a few indicators that are displayed on the chart but are difficult to understand because they do not have explanations.
Among them, this time I will take the time to explain the BW indicator.
The BW indicator comprehensively evaluates MACD, StochRSI, CCI, supertrend, and PVT indicators to distinguish between uptrends and downtrends based on the 0 point.
(MACD indicator)
MACD = (fast + slow) / 2
Signal = EMA of MACD
MACD > Signal: +1 point
MACD = Signal: 0 points
MACD < Signal: -1 point
(StochRSI indicator)
StochRSI = (K + D) / 2
StochRSI > 50: +1 point
StochRSI = 50: 0 points
StochRSI < 50: -1 point
(CCI indicator)
CCI > 0: +1 point
CCI = 0: 0 points
CCI < 0: -1 point
(supertrend indicator)
direction < 10: +1 point
direction = 0 : 0 points
direction > 10 : -1 point
(PVT indicator)
PVT > Signal: +1 point
PVT = Signal: 0 points
PVT < Signal: -1 point
It is displayed in the secondary indicator using the same calculation method as above.
To make it easier to view, we made it appear on the price chart.
Therefore, we have made it possible to check more intuitively by referring to the BW indicator point displayed on the price chart when trading.
To use this indicator, simply share this idea and then paste it into your own chart.
Have a good time.
thank you
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 13401.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are points that are likely to encounter resistance in the future.
We need to see if we can break through these points upward.
Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched.
If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern.
1st: 43833.05
2nd: 32992.55
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BRIEFING Week #15 : Volatility hitting hardHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BTC Bitcoin Double TOPIf you haven`t sold the top on BTC:
Upon observation of the chart, it appears to have developed a clear double top, a pattern widely regarded as one of the most bearish in chart analysis.
MITK Mitek Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MITK Mitek Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Make That Money Signals Buy for $USDNOKMTM has printed a 30m buy signal. Currently retesting confirmation candle. 1.5RR with trade shown based on previous demand/supply zones.
Inflation Deflator Signals Buy for $SOLUSDTID printed a 15m buy signal. Price has retraced to open of signal candle and should pump long from here up to previous supply zone (red box). 1.7RR
C Citigroup Options Ahead of EarningsIf you haven`t bought the dip on C Citigroup:
Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week,
I would consider purchasing the 62.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $2.59.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BRIEFING Week #14 : Volatility picking up, Finally!
Here's your weekly update ! Brought to you each weekend with years of track-record history..
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MATIC Polygon Consolidation AreaFollowing MATIC's precise entry into the Buy Area:
At present, I anticipate trading within a range, awaiting price consolidation around $0.95 before witnessing another significant move.
NVDA Nvidia Double Top If you haven`t bought NVDA before the previous earnings:
Then it's important to note that technically, we're currently in a double top formation, which is one of the most bearish chart patterns. While I anticipate NVDA to rise by the year's end, it appears bearish for the next month.
TSLA Tesla DowntrendIf you haven`t bought the dip on TSLA:
nor sold the regional top:
Then it's worth noting that it seems to be entering a downtrend due to intense competition from Chinese EV rivals like Li Auto, Nio, XPeng, and notably, BYD.
ETH Ethereum Buy AreaIf you haven`t bought ETH before the rally:
nor sold the top:
It seems poised for consolidation within the $3000 - $3250 range, which aligns with my buy zone.
Inflation Deflator Signals Sell for $GBPCAD15m sell signal printed. Hard rejection off 4h supply zone. Should be short to green line.
Rishilaser - A niche stock ready to resume upmoveThe stock has taken good support at fibonacci retracement levels. A close above 85 would be a safe entry to buy with swing high being the first target. ADX also supports the view
Entry - Above 85
Stop Loss - 77
Target - 118
Inflation Deflator Signals Sell for $AUDCADThe Inflation Deflator has printed a double sell signal. Further confirmation is seen as Make That Money has also printed a sell signal in the same price range. This correlates with a retest of 4h supply zone. We should see a nice drop down to 0.8840
USOIL wti Crude Oil Price Target for this summerIf you haven`t bought the dip on USOIL:
In the chart, there's an inverse head and shoulders pattern visible.
Coupled with robust travel demand anticipated this summer, I predict USOIL could reach $90 during this season!
Make That Money Indicator Signals Buy for $NZDCADMTM has printed a 30m buy signal. The price has retraced to sell signal candle open and demand zone formed at this price. We should get a nice bounce off this area to the previous swing high/supply zone (4h).
Inflation Deflator Indicator Signals Sell for $USDJPYID has printed a 1h sell signal. The price has retraced to 4h supply zone. We should get a hard rejection off this area to the previous swing low/demand zone.
Inflation Deflator Indicator Signals Sell for $CADJPYID has printed a 1h sell signal. Price just rejected off 4h supply zone. Should be a solid short from this price.
