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21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51 Last weeks low: $62,475.70 Midpoint: $65,738.60 Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level. I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well. Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed. This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
by ProR35
SPX500USD Will Grow! Long! Please, check our technical outlook for SPX500USD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 5,849.9. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,898.0 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:SPX500USDLong
by SignalProvider
1
NZDCHF Will Go Up! Buy! Please, check our technical outlook for NZDCHF. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 0.523. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.536 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURGBP Expected Growth! BUY! My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8334 pivot level. Bias - Bullish My Stop Loss - 0.8324 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8355 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCHF On The Rise! BUY! My dear friends, Please, find my technical outlook for EURCHF below: The price is coiling around a solid key level - 0.9373 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.9390 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD Trading Opportunity! BUY! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.3000 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3029 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Euro will make move down and then rebound up from wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price declined to mirror line and then started to grow. In a short time, the price broke the 1.1000 level, made a correction to the resistance area, and then continued to move up to the seller zone. When it reached this area, the price soon turned around and dropped to the mirror line. Euro some time traded near this line and then fell to the 1.1000 level, breaking the mirror line. Also then, the price started to trades inside the wedge, where it first rose between the mirror line to the seller zone again. When the Euro reached this area, it turned around and made a downward impulse, thereby breaking 1.1175 and 1.1000 levels, after which made retest and continued to fall to the support line of the wedge. At the moment, the price trades very close to the resistance line of the wedge, so, for this case, I think that the Euro can little decline and then rebound up, thereby exiting from the wedge. For this case, I set my TP at 1.095 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
HelenP. I Bitcoin can continue to gorw inside upward channelHi folks today I'm prepared for you Bitcoin analytics. A few moments ago, the price rose to support 1, which coincided with the support zone and then started to decline. In a short time, BTC fell to support 2, which coincided with one more support zone and some time traded inside. Then, BTC tried to grow, but failed and dropped to the trend line, breaking support 2. After this, the price started to grow inside the upward channel, where it soon broke the 2nd support level again, made the correction, and later rose to support 1. When BTC reached this level, it broke it and rose to the channel's resistance line. After which price turned around and made a small correction to the support zone and then continued to move up in an upward channel. But a not long time ago price almost fell to the trend line, therefore I expect that BTCUSDT will decline a little more, and then continue to grow, thereby making a fake breakout of the channel. That's why I set my goal at 71400 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price, some time ago, rebounded from support 2, which coincided with the support zone and tried to grow but failed. After this, the price started to decline, and some time later, it reached support 2 again. Then Gold broke this support level and even fell lower support zone and reached the trend line, after which price started to grow. But firstly, the price broke the trend line and then in a short time rose to the 1-st support level, where Gold broke the trend line with this level again. Next, the price continued to move up between the trend line, and even later made a gap. Some time later Gold reached support 1, and even broke it, after which broke the trend line too and now it continues to grow higher this line. In my mind, XAUUSD will correct to the trend line, some time trades near, and then continue to move up, therefore I set my goal at 2745 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
4
PayPal (PYPL): Ready for a pullback after hitting wave (iii)Plan the trade and trade the plan. That’s exactly what we’ve done with PayPal. In our last update a month ago, we stated: “We are going to take more profits once we are getting into the $81 area,” and now, we’ve done just that as NASDAQ:PYPL has reached the minimum target for Wave (iii) at $81. With the position now up 37%, we see more upside potential, but a pullback here could offer a prime second entry spot. Several factors are aligning in the chart, reinforcing our conviction for a good re-entry. First, we are seeing a bearish RSI divergence, suggesting a more significant drop than the minor one we've already seen. Ideally, we’d like to see the price dip below the last level before the low-volume node at $76. A low-volume node represents an area of little trading activity, which means the price tends to move quickly through these zones in the future. As for the entry, two key levels stand out to us. The high of the recent accumulation phase before the last leg up and the low of the same range, which aligns with the level of Wave (i). In theory, this level should not be breached. While we don’t strictly adhere to Elliott Wave theory, we prefer not to see the stock close below this level for an extended period. A wick below or consolidation around this zone would be valid for us. Additionally, the 38.2% Fibonacci retracement level sits in the middle of this accumulation phase, making it our targeted entry for Wave 4. Therefore, the level between $72.78 and $70.62 seems ideal for a re-entry. Given the upcoming election, it would be safer to play this setup with a wider stop-loss or soft stop-loss (manual stop-loss) to account for potential volatility or sudden price wicks. At the moment, we haven’t set a limit order but have activated alerts. Once the price dips below $76, we will activate our limit order and get ready for the next leg up. 🔥
NASDAQ:PYPLLong
by freeguy_by_wmc
BTC USD IdeaWe were really hoping to see the price cruise through the 70K target, which would have turned the previous bearish range bullish. However, the market maker has taken lout last week's high, and we're now seeing a bullback . My ideal scenario is to enter the mid-range, fill all the gaps from last weeks price action , and leave last week's low in place. This would be also a discount zone at the current range, where I can safely start adding scalps and swing long positions. While this is my ideal plan, let's see what actually happens. For now, I'm scalping through my important levels and observing how things play out.
COINBASE:BTCUSDLong
by themarketknight
NZDCAD Is Going Up! Buy! Here is our detailed technical review for NZDCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.838. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.843 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
XAUUSD 20/10/24After calling for new all-time highs in gold over the past two months, we have now seen a clear breakout above the previous record. Currently, gold is trading at its highest price ever. Based on this, we cannot set higher targets because there are no previous highs to aim for. The market is still seeking a new all-time high, and once it is established, a pullback to some extent is expected. I do not recommend shorting the market when it is clearly trending upwards. Instead, consider looking for a liquidity low, as marked here, or an area of demand in a significant region. In this case, we have highlighted an area of demand located at the previous all-time high, where substantial orders are likely to be concentrated. If we reach this point, we can either expect a potential reversal or a continuation of the bullish trend. I would favor the latter, as the overall bias remains bullish based on fundamental factors and higher timeframe signals. The main level I'm focused on is the highlighted 4-hour low. I would like to see this level taken out, followed by a continuation to the upside.
OANDA:XAUUSD
by PipSurfingSociety
NAS100USD shows volume up (↑)Trading is all about repeated patterns, and the most unlikely pattern are the one that goes against the trend. Either way it might just be a 50% chance of being right, but then once you're right, the chances of your trade to make a big move is even higher. Now the repeated pattern on this chart is determined by volume, it is recently showing repeated movements up with more volume up on each repeated move. The first line shows a potential pattern and the second white line shows the next point which a repeated move will go unless there's a reversal which are not showing at the moment.
OANDA:NAS100USDLong
by CyberFxTrader
1