Bitcoin Trend Analytics August 1 BTC didn’t manage to break up $24716.60 and fell back into consolidation before any rally.
The support of the short-term bulls has diverted to $21704.65. Now is it in mid-term consolidation within a long-term downward trend.
The crucial range this week is between $25809.47-$21595.96.
The key support of the month is between $18300.41-$17708.48. The data of the movement slides, indicating that MC is cautious.
Intradaytrade
Bitcoin Trend Analytics July 29th - relief rallyYesterday market confidence was boosted and was looking to break up $23536. Today it’ll test $23034.32 and confirm the breakout before heading towards the next resistance.
BTC follows a short-term relief rally, but the long-term movement has not changed. The short-term support is at $21788.18; key support diverted to $20904.25.
The key support of the month keeps moving up; fund inflow increases.
The market has entered a short-term bull run and mid-term consolidation. Monitor if QT will go as planned by the Fed in September- double the amount of balance sheet reduction, which is an acid test.
Bitcoin Trend Analytics July 28th- price in & bullishYesterday $21005.51 held the price and BTC went up, breaking the key support and building up strength to break up the turning point.
Today the turning point is $23536.82.
The market priced in the 75bp interest rate hike. Powell boosted the market confidence by acknowledging that ‘the pace of rate hikes could slow at some point’.
Short-term movement is between $21656.65-$23536.82. Breaking the resistance will open up more space above. The next strong resistance concentrates at $26586.53.
Now it needs to confirm holding on the upper line of the box. The key support of the month has moved up.
Bitcoin Trend Analytics July 26thYesterday we mentioned BTC fell down and consolidate, today it’s running in the box and is testing the key support area of $20900-$20746.
If $20900-$20746 were broken, it will keep falling to test the lower edge of the box and the key support of the month.
The key support of the month has diverted to $18317.41, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Fed’s rate hike expectation: +75bp (77.5%) / +100bp (22.5%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Bitcoin Trend Analytics July 25th - back into consolidationBTC didn’t hold the key support of the box and fell back into the consolidation range.
It runs between $24800-$20959.25. Breaking up the resistance will surge higher; breaking down the support will end the bullish momentum and it turns negative.
The short-term key supports are at $21492.96; $20959.25; the key support of the month diverts to $18617.36.
Fed’s rate hike expectation: +75bp (79.9%) / +100bp (20.1%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Bitcoin Trend Analytics July 21st - still needs confirmationAfter pulling back around the turning point, BTC rallied up against the next key resistance yesterday and failed. Today the key resistance is at $24698.83.
BTC will come back again and test $22700. If it holds the line, $24698.83 will be the next target.
If it breaks down into the box again, the short-term supports are $21382.70; $20825.47. The key support of the month is $18659.72.
Monitoring Fed’s decision from July 27-28. It will generate a heavy impact on the market. Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Bitcoin Trend Analytics July 20thSupports keep moving up and BTC is trying to establish support at the top edge of the box.
BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733.
Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7.
The key support of the month moves up to $18764.79. (moving up is positive, vice versa)
We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)
USDJPY: A brief breather ?USDJPY
Intraday - We look to Buy at 137.28 (stop at 136.26)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Horizontal support is seen at 137.20. Dip buying offers good risk/reward. Support could prove difficult to breakdown. Further upside is expected although we prefer to set longs at our bespoke support levels at 137.20, resulting in improved risk/reward.
Our profit targets will be 139.96 and 140.50
Resistance: 140.00 / 142.50 / 145.00
Support: 137.20 / 134.40 / 126.70
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Nifty 50 Intraday Trade Setup for 19th July 2022Nifty50 Index on Monday kept on the momentum after a gap-up start to eventually close around its recent swing high of 16,275. India Vix also cooled off by 2.5% to 17.16.
Daily TF
The index gave a breakout and re-test of the downward dynamic trendline resistance holding the downtrend. The index is still making higher lows taking support from 15,900 levels (B point of XABCD), and the XABCD pattern is still valid. The index is now trying to break its recent swing high (B point of ABCD pattern), which will activate the ABCD pattern (confirmation above 16,300/20), and the upward momentum can continue till 16,600 levels.
Key levels
Support : 15,900
Resistance : 16,612-16,683
Intra Day (30 Mins)
The index is now trading at crucial resistance of 16,280 (Harmonic PRZ and Previous swing high), and a break out will be confirmed if the Index sustains 16,300 levels with support at 16,200 (which was respected twice yesterday).
SGX Nifty is currently suggesting a gap down opening, the entire unfilled gap area will act as good support, and we will follow the 30 mins range break strategy.
Bitcoin Trend Analytics July 19th - going against the macroBTC broke out the upper line of the box. Confirmation is needed for keeping above it for 3 days.
Short-term bull rally aggressively. The turning point is changing fast and the supports level up.
The macro expectation of adding interest rate is still high and the cryptos are going against this force. If the market could stand the interest rate hike on July 28th, we’ll possibly see an independent market movement of cryptos.
The key support of the month moves up to $18627.10.
XRP: If we break we buy!!XRP
Intraday - We look to Buy a break of 0.3772 (stop at 0.3659)
Short term momentum is bullish. 0.3752 has been pivotal. A break of bespoke resistance at 0.3700, and the move higher is already underway. We look for gains to be extended today.
Our profit targets will be 0.4044 and 0.4234
Resistance: 0.3700 / 0.3800 / 0.3900
Support: 0.3600 / 0.3500 / 0.3400
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin Trend Analytics July 18th - monitor tpBTC is still in the downward channel. Heavy capital is tied up at $21693, which then develops into the center of the downward channel.
The box range: $22733.13-$18789.23, centering $20401.13
$22733.1 is the higher edge of the box and a small turning point of the movement. Before that, $21693.68 is the short-term key resistance, which acted precisely as a resistance yesterday. Flipping of the $21693.68 into support will encourage bulls.
The key support of the month diverts to $18196.56.
Bitcoin Trend Analytics July 15th The box and consolidation triangle in the downward channel are compressed, cultivating a large breakout.
The triangle nearly overlaps with the box , together forming the range: $22733.13-$18813.62; center: $20523.41.
Today the opening price holds the center but is not stable. It’ll come up and down around the center to test if the center could be a solid support.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The key support of the month is diverted to $18155.56.
Bitcoin Trend Analytics July 13th - waiting for CPI statsBTC still runs within the box and forms a consolidation triangle in the downward channel. Monitor now the lower edge of the box, breaking down from which cause a further slide.
The box: $22653.20 - $18698.35
The key support of the month slipped to $17848.49, breaking down from which lead to a slump.
Congestion range: $22057.39-$18698.35 (the first range to breakout), centering $20455.68.If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
GBPJPY: Who from the weak will prevail?GBPJPY
Intrada y - We look to Buy at 161.30 (stop at 160.00)
Selling pressure from 163.56 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 165.00 and 165.65
Resistance: 165.65 / 168.70 / 171.90
Support: 162.15 / 160.60 / 158.70
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin Trend Analytics July 12th - below the center BTC still runs within the box and forms a consolidation triangle in the downward channel.
BTC broke the center, which turns into resistance, so monitor the low edge of the range.
The box: $22707.79~$18813.62
The key support of the month is $18215.39, diverted point at $17998.21.
Congestion range: $22140.46-$19020.57 (the first range to breakout), centering $20363.13.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
The diverted key support came under 18k, supports there are not so strong. If it's broken, it may test further down to 13k.
GBPUSD:Parity is coming!GBPUSD
Intraday - We look to Sell at 1.2055 (stop at 1.2110)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1.1900 and 1.1840
Resistance: 1.2015 / 1.2155 / 1.2275
Support: 1.1840 / 1.1500 / 1.1330
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin Trend Analytics July 11th BTC still runs within the box and forms a consolidation triangle in the downward channel, cultivating a breakout.
The box range: $22748.38~$18835.04
The key support of the month has diverted to $18215.39
Congestion range: $22140.46-$19020.57 (the first range to breakout), centering $20363.13.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
Bitcoin Trend Analytics July 8th - swift longBTC still runs within the box and forms a consolidation triangle in the downward channel. It’s drawing close to the upper line of the box and trying to break up.
The box: $22712.49~$18813.62;
The key support of the month has moved up to $18403.16;
The consolidation range has not been broken. Today it’s between $21986.05~$19069, centering $20397.21, which now serves as support.
If the price stays above the center, it’s turning upwards and vice versa. (Reference at 8:00 UTC+8)
USDCHF: Buy the dips!USDCHF
Intraday - We look to Buy at 0.9641 (stop at 0.9618)
Short term bias has turned positive. We look to buy dips. 50 4hour EMA is at 0.9637. We look for a temporary move lower.
Our profit targets will be 0.9698 and 0.9708
Resistance: 0.9700 / 0.9730 / 0.9750
Support: 0.9670 / 0.9640 / 0.9620
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.