$SPY Pullback Weekly SwingI’m expecting a pullback on AMEX:SPY this week for a long.
The Jeanius Indicator shows price has taken out 2 lows (liquidity sweep) while also a break and retest of a high of August.
Indicators
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse:
Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for SOL Solana is $14.30.
Looking forward to read your opinion about it!
DOGE Dogecoin Price Target|Binance vs SEC Lawsuit|Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for DOGE Dogecoin is $0.053, where it will form a Double Bottom.
Looking forward to read your opinion about it!
FDS FactSet Research Systems Options Ahead of EarningsIf you haven`t sold FDS here:
Then analyzing the options chain and the chart patterns of FDS FactSet Research Systems prior to the earnings report this week,
I would consider purchasing the 420usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ONGUSDT Technical Analysts Ontology Gas; On of the coin with Constantly increasing and decreasing with high percentage, the candle has been open and closed in our support line and we have received couple BUY signals from our robo advisor @EngineeringRobo. Whole candles are in triangle and MA50 has broke down the direction and almost get each other again with MA20. Expecting to reach approximately 20% gain $ONG and if our moving average strategies give us to another buy signal(s), I think profit will be inevitable.
Let’s follow our chart together and don’t forget to follow me.
“NFA”
BRIEFING Week #38 : ECB done, FED incoming !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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The Greatest Forex Scalping Indicator EVER $$MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto community.
This is the greatest forex scalping indicator ever .. If you can show me a better one I would love to see it
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for MATIC Polygon is $0.41.
Looking forward to read your opinion about it.
APT Aptos Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for APT Aptos is $3.10.
Looking forward to read your opinion about it.
SOL SOlana Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for SOL Solana is $14.30.
Looking forward to read your opinion about it.
BRIEFING Week #37 : Don't try to Time InvestmentsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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$JPM Weekly Long Swing
NYSE:JPM is showing the following bullish signals in the Leave A Legacy Indicator:
Break & Retest of highs ($144) from Feb-Mar. The break of these highs created a break of structure.
Test of an uptrend created from the low of 2022 and March 2023'
Break and retest of a downtrend created from the high of 2022 and Jan. 2023
Swept buy side liquidity from the week of Aug. 21' (Untested Low $145.46)
CONTACT ME FOR ACCESS TO THE INDICATOR/SCREENER
SMTC Semtech Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SMTC Semtech Corporation prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BBY Best Buy Co Options Ahead of EarningsIf you haven`t bought BBY here:
Then analyzing the options chain and the chart patterns of BBY Best Buy Co prior to the earnings report this week,
I would consider purchasing the 77.50usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BRIEFING Week #36 : Let's see the summer DashboardHere's your weekly update ! Brought to you each weekend with years of track-record history..
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That's the best way to support me and help pushing this content to other users.
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Bitcoin's Next Move: Possible Targets if 25K Support is Broken!Get ready for an exciting Bitcoin adventure! Today, I'll delve into potential targets in case the critical 25K support level is breached.
🎯 Target 1: Closing the Gap - $23,500
When analyzing Bitcoin's price movements, gaps in the Bitcoin Futures market can be significant indicators. My investigation reveals a notable gap around $23,500. Typically, price retraces to fill these gaps. If the 25K support breaks, this becomes a plausible target as traders aim to close the gap.
🎯 Target 2: Retesting Key Support - $21,000
If selling pressure increases after breaching the 25K support, Bitcoin may retest a critical support level near $21,000. Historically, this level has been psychologically and historically important. A drop to this level is likely to attract attention from traders and investors as it presents a significant buying opportunity and tests Bitcoin's overall market sentiment.
🎯 Target 3: Bearish Momentum - $18,000
While it may sound concerning, it's essential to consider all scenarios. If bearish momentum strengthens and selling pressure persists, Bitcoin could potentially drop to around $18,000. Although this target may seem drastic, it aligns with historical price patterns and Bitcoin's volatility in the past.
Remember, these targets indicate potential price levels in the event of the 25K support breaking. Factors such as market dynamics, sentiment, and other influences can affect Bitcoin's trajectory. It's vital to analyze a range of scenarios and make informed trading decisions.
Binance (BNB) Price Analysis: Exploring Possible Targets💥 Target 1: $190 - A Stepping Stone on BNB's Path As Binance Coin faces potential price retracements, our first target lands at $190. This level represents a crucial support zone where #BNB may find stability and attract buying interest. Traders and investors will closely monitor BNB's price action as it approaches this level, seeking opportunities to accumulate or ride the upward momentum.
💥 Target 2: $150 - Seeking Consolidation and Rebounding Should BNB experience a deeper pullback, our second target awaits at the $150 level. This zone has historically acted as a consolidation area, providing a springboard for potential rebounds. Traders will keep a close eye on BNB's market dynamics and indicators for signs of a reversal, aiming to capitalize on a potential bounce from this level.
💥 Target 3: Between $98 and $110 - Unlocking the Golden Pocket Now, let's dive into the exciting concept of the Golden Pocket. This range, extending from $98 to $110, holds immense significance as a potential support zone for BNB. The Golden Pocket, derived from Fibonacci retracement levels, often serves as a turning point that attracts considerable buying interest.
If BNB's price retraces to this zone, it presents an enticing opportunity for traders to enter or add to their positions. The Golden Pocket captures the attention of many market participants, as it historically offers a compelling risk-to-reward ratio for long-term gains.
Fear Index: Potential Investments BTC📉Hey there, fellow crypto enthusiasts! 🚀 Let's dive into the intriguing world of the "Fear Index" and how you can leverage it to make well-informed investment decisions in the realm of Bitcoin. Buckle up as we decode the mysteries behind this index and its impact on your investment strategy.
🔍 Understanding the Fear Index: Imagine having a gauge that measures the level of fear and uncertainty in the market – that's precisely what the Fear Index, also known as the VIX (Volatility Index), does. It's a numerical representation of investor sentiment and market volatility.
📉 Fear as a Market Indicator: The Fear Index is often referred to as the "fear gauge" because it tends to rise during periods of market turmoil and decline during calmer times. It's a reflection of how traders perceive risk and uncertainty in the market.
📊 Using the Fear Index for Bitcoin: While the Fear Index is widely associated with traditional markets, its principles can be applied to Bitcoin investments as well. When the Fear Index is high, it suggests heightened fear and potential market downturns. Conversely, a low Fear Index might indicate a sense of complacency and potential overvaluation.
💡 Investment Strategy: How can you use the Fear Index for your Bitcoin investments? High Fear Index readings can signal potential buying opportunities, as extreme fear often leads to oversold conditions. Conversely, low Fear Index readings might be a time to exercise caution and consider risk management strategies.
🚀 Fear as Your Guide: Remember, the Fear Index isn't a crystal ball, but it provides valuable insights into market sentiment. By incorporating it into your investment toolkit, you can better navigate the waves of uncertainty in the crypto world.
So, what's the bottom line when it comes to using the Fear Index for Bitcoin investments? 📊 It's about recognizing that fear isn't an obstacle; it's a navigational tool that can guide you towards strategic decisions. By understanding market sentiment, you position yourself to make more informed choices.
Stay curious, stay vigilant, and remember – whether it's fear or opportunity, the Fear Index is a resourceful ally in your quest for successful Bitcoin investments! 🚀🛡️
ForexGPT Case Study #2 - CHFJPY LongForexGPT Indicator Explained
The ForexGPT indicator is a specialized tool crafted for traders seeking a refined edge in their trading decisions. Emerging from over 10,000 hours of intensive chart analysis, this indicator identifies a unique pattern in the Forex market that has historically hinted at forthcoming significant price movements.
While the particular nature of the pattern remains proprietary, envision it as a result of distilled insights from exhaustive chart studying, recognizing recurring behaviors, and validating these observations across various time frames and currency pairs.
On spotting this pattern on a chart, the ForexGPT indicator signals a visual alert, such as arrows or markers. Besides, it pinpoints potential entry points, suggesting when traders might contemplate initiating a position. For better risk management, it also highlights potential stop-loss levels.
For traders, the ForexGPT offers:
-A distinctive pattern recognition system built on extensive research.
-Transparent visual cues when the pattern emerges.
-Recommendations on potential entry points and risk containment strategies.
However, it's essential to understand that the ForexGPT is not a magic wand. It's a tool forged from extensive research, but successful trading still necessitates user discernment and adherence to specific rules.
Rules for Using the ForexGPT Indicator:
1. Remain patient until a bullish or bearish signal prints! A bullish signal should ideally appear at the bottom of a range, while a bearish signal at the top.
2. Ensure that the price moves 20 or more pips in the correct direction of the setup WITHOUT violating the suggested red stop-loss line.
3. When the price returns to the recommended entry line, that's your cue to enter the setup. Position your stop-loss at the location of the red line, and earmark your take profit at the most recent opposing high or low in the market.
For those who might not have the luxury of time or expertise to sift through extensive price data, the ForexGPT acts as a valuable ally, presenting insights extracted from profound market scrutiny. But remember, while the tool provides guidance, the trader's skill in interpretation and application is crucial.
The setup on CHFJPY looks pretty good. We have an untapped setup that I spotted already in motion. Let's see what happens :)
BURL Burlington Stores Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BURL Burlington Stores prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2023-9-1,
for a premium of approximately $5.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BRIEFING Week #34 : Volatility has showed up ! Next ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Dealing with News releasesUse any economic calendar to monitor news releases. (forexfactory, myfxbook).
Below is how I adapt to news when trading my personal edge, including the pairs GBPUSD, EURUSD, AUDUSD and XAUUSD in my times. If you have tested pairs with other currencies, for example with CAD etc, make sure to be aware of related news there too.
Which news do I adapt to:
💀 USD high impact news - I have closed out any trades on any of my pairs before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any of my pairs within 30 mins before or after a high impact USD news release.
💀 GBP high impact news - I have closed out any trade on a GBP or EUR trade before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any GBP or EUR pair within 30 mins before or after a high impact USD news release. If the news release is CPI/ Inflation or Interest Rates, I also close out/ don’t enter trades on all my other pairs too.
💀 EUR high impact news - I am not concerned about EUR news as it does not tend to affect my pairs much in my experience. The only EUR news I close out/ do not enter trades on is Inflation/ CPI. Note the EUR news only applies to news on the economic calendar with the European flag next to it - not the random countries within the EU, such as Germany, Italy etc.
Short Dollar Index at Strong Resistance
The US dollar index, technical analysis compared against the seven other major FX currencies(AUD, CAD, JPY, CHF, GBP, EUR, and NZD), is at a strong resistance level, with RSI momentum levels close to being overbought.
Fundamentally and based on the analysis of various economic indicators, the US dollar appears to be leaning towards an inflationary bias, but some conflicting signals suggest potential deflationary pressures. Key points include:
Leading Indicators: PMI and Services PMI indicate a growing economy, potentially leading to inflation. However, momentum is slowing down, which could temper the inflationary outlook.
Money Indicators: M2 is historically low and bouncing higher, coupled with the decreasing interest rates (IRs) and real interest rates (Real IRs) velocity, indicating a possible shift towards looser monetary policy and an inflationary bias.
Inflation Measures: While CPI inflation is now close to average levels, the Core CPI is heading toward normality and decreasing, suggesting some downward pressure on inflation. PPI (Producers Inflation) has shown signs of bouncing higher, indicating potential inflationary tendencies.
Employment: Employment trends point to medium to low inflation expectations, as employment change is within YoY% average levels.
Considering these factors, the ultimate currency bias leans slightly towards an inflationary outlook for the US dollar. However, the mixed nature of the signals suggests a need for continued monitoring of economic indicators and policies to accurately assess the currency's direction.
