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BTC & USDT.D - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on USDT.D to feel the overall crypto market. 📚 And today I want to show the correlation between BTC and USDT.D 📌 BTC has been stuck inside a range in the shape of a flat rising broadening wedge (in red) BTC is currently approaching the lower bound / red trendline, so I will be looking for buy setups on lower timeframes. (to be confirmed after breaking an H1 high upward) The bears would take over IF BTC break below the lower red trendline and zone. In this case, a movement till the demand zone 21500 in green would be expected. 📌 On the other hand, USDT.D is stuck inside a range between 6.5% and 7.0% support and resistance. And we are currently approaching the upper red trendline. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
19
DXY - Weakening dollar could signal further bullish momentum as The recent Fed interest rate decision has sent the markets into a bullish frenzy. The Federal Reserve raised interest rates by 25 basis points to 4.75%, but despite this hike, Fed Chair Jerome Powell was overall optimistic about the state of the economy. This positive outlook has lifted investor confidence and sent the markets higher. However, the DXY (U.S. Dollar Index) is at a critical point, hovering at the 100WMA (100-week moving average) and on the verge of deciding its direction. At the moment, the DXY is showing signs of weakness, and if it drops to the next support level of 98, it could lead to a significant drop in the value of the dollar. This could have a bullish effect on all markets, including stocks and crypto. In addition to the DXY's current state, other indicators are also pointing towards bearish conditions for the dollar. The monthly MACD (moving average convergence divergence) has recently crossed below the zero line and is now showing a red histogram, a bearish signal. The stochastic indicators, which measure overbought and oversold conditions, are also bearish and have plenty of room to fall before becoming oversold on the monthly chart. All of these factors combined paint a bullish picture for the markets, as long as the DXY continues to weaken and drops to its next support level at 98. Investors should keep an eye on the DXY and other indicators as they may provide valuable insights into market movements in the coming weeks and months
TVC:DXY
by subtlepapi
SOLUSDT Bullish uptrend| Local PA Range| Daily S/R| .618 Evening Traders, Today’s analysis – SOLUSDT- trading in a defined range where an up-thrust into resistance is probable, Points to consider, - Price action impulsive - Daily S/R Support - .618 Fibonacci Support - MS Higher Low SOLUSDT’s immediate price action is impulsive, it is potentially establishing a higher low that is in confluence with the .618 Fibonacci, Daily S/R and the VAL, allowing for a bullish bias. The immediate market structure remains bullish, thus, there is a higher probability of price action testing resistance again. Overall, in my opinion, SOLUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, If you can’t take a small loss, sooner or later you will take the mother of all losses.” – Ed Seykota
Long
by AzizKhanZamani
4
Bitcoin in ~decade long Wyckoff re-accumulation?This is interesting - if bitcoin is really to survive the coming global depression (very likely probability per Ray Dalio and Bridgewater's amazing research and free published works), then we can also safely assume there is a likely chance bitcoin enters a period of re-accumulation in Wyckoff terms while global equities markets lose a decade to consolidation and crashes and bear market rallies as the big debt cycle deleverages this decade. This is a primary scenario I see playing out. Now if governments start crazy stimulus programs like we saw under covid, and print say $6 trillion here and there... all bets off and the low floor level will rise commensurately as the money will be devalued in the currency you chart bitcoin in. So e.g. from Covid, we can safely assume the "floor" price of bitcoin rose about 40% nearly overnight as the US dollar was devalued 40%.
INDEX:BTCUSD
by DropDead_Fed
XAU/USD Outlook : Potential Targets and Trading OpportunitiesJoin us as we take a closer look at the XAU/USD market and identify key levels of support and resistance . Based on our analysis, we'll provide you with potential targets and highlight the best trading opportunities for the coming week. Whether you're a seasoned trader or just starting out, this video will give you a comprehensive overview of the XAU/USD market and help you make informed decisions. Don't miss this opportunity to stay ahead of the game and maximize your profits in XAU/USD trading!
FOREXCOM:XAUUSDLong
by Mahdicryptodotma-pro
Debt Ceiling and Its Effect on the Market and Bitcoin.The debt ceiling is a legal limit set by the U.S. government on the total amount of national debt that can be outstanding at any given time. When the government reaches this limit, it must either raise the debt ceiling or default on its debt. The debt ceiling is often a contentious issue, with some arguing that it should be raised to allow the government to borrow more money, while others argue that it should be lowered to reduce government spending. The effect of the debt ceiling on the market and the economy can be complex and multifaceted. If the debt ceiling is not raised and the government defaults on its debt, it could lead to a loss of confidence in the U.S. economy and financial markets, which could lead to a decline in stock prices and an increase in interest rates. If the debt ceiling is raised, it may signal that the government is willing to continue borrowing and spending, which could boost economic growth and support stock prices. As for Bitcoin, it is decentralized digital currency, and it's not directly linked to the debt ceiling or the performance of the stock market. However, the sentiment of the market and the economy has an impact on Bitcoin and other cryptocurrencies. During times of uncertainty, investors may see Bitcoin as a hedge against inflation and market volatility, which could boost its price. On the other hand, a stable and growing economy may reduce the appeal of Bitcoin as a safe haven asset, which could result in a decline in its price. The debt ceiling and Bitcoin have had different effects on the economy. The debt ceiling has been used to control the amount of money the government can borrow and has been raised multiple times over the years. Bitcoin, on the other hand, has been a volatile asset, with its price fluctuating drastically over the years. While the debt ceiling has been used to manage government debt, Bitcoin has been used as a speculative asset, with investors and traders using it to make profits. Finally! Historically, it has shown good benefits over the years when the debt ceiling is reached; however, the effect of that is just temporary before something finally crashes, as the charts show. On the other hand, Bitcoin has been a roller coaster ride, with its price rising and falling drastically over the years. While the debt ceiling has been used to control government debt, Bitcoin has been used as an investment asset, with investors and traders speculating on its future price movements.
COINBASE:BTCUSDLong
by mr_rabbit4
A bottom was hit.Hello everyone, As you may know, the NASDAQ has been hit hard for the past year due to interest rate hikes, supply chain disruptions and constant pressures from the FED to crush demand. Despite these challenges, I believe that the NASDAQ has reached a temporary bottom. This is not to say that this is the true bottom of the crash, but the NASDAQ has broken through the resistance of a parallel channel, which is a positive sign. It is important to note that this is only my opinion and should not be considered as financial advice. However, I do believe that this is a good time for me to invest in companies with strong balance sheets and prepare for the long-term. These companies will be able to weather any further downturns and be in a strong position to take advantage of the market recovery when it comes. It is also worth noting that the stock market looks forward 6 to 9 months into the future. Most economic outlooks for the end of 2023 indicate a recovery in the stock market. This means that even though the current situation may be difficult, there is light at the end of the tunnel. Also, if we take a look at the market cycles, we might as well be in the Disbelief rally as everybody expects the pain to continue. This leads me to believe that the fear of a recession is already priced in as well as the fact that the FED will soon be forced to U-turn. What will break my thesis would be if the NASDAQ breaks again trough the channel, where I would expect another 20% down from the current lows. Still, timing the market is extremely hard, so if a long-term horizon is being taken, the prices of my favourite companies are extremely attractive. In conclusion, I believe that the NASDAQ has hit a temporary bottom after a bear market, interest rate hikes, and supply chain disruptions. While this may not be the true bottom of the crash, it is a positive sign and a good opportunity for long-term investment.
CME_MINI:NQ1!Long
by donaitelo
2
BABA Breaking out!! Wait for pullback !BABA has broken out and currently retesting the RESISTANCE ZONE @ 120 - 140 We can expect at least a slight pullback from here as Price action has been overly bullish the past few days + MACD is in severely overbought condition We are expecting a soon to be GOLDEN CROSS with 50 MA crossing 200 MA We also see a massive spike in the ADX implying a very strong ongoing trend for the BULLS Those who do not have positions yet can look to ENTER/LONG along the: 100 - 110 USD zone Personally I will not set stop losses here as Im expecting to hold BABA for long Fundamentally, China domestic demand is growing massively with a massive middle class. BABA also has a huge economic moat along with Jack Ma relinquishing his position on the board and staying low, BABA's days of billion dollar fines might be over.
NYSE:BABALong
by Gold_D_Roger