Market Bias & Top Stock Watches - 11/22/2022Bias: Bullish (grinder).
Top Watches: Long - AEO, BBY, CSIQ, KHC. Short - MDT, ROL, ZM, BX.
Follow my page for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
Market
USD/JPY Trade setup.Looking at this trade setup on USD/JPY is setting up for a buy opportunity if price continues to show strong buying momentum, pushing the sellers out of the equation. You will notice 4 to 5 touches that price makes from price creating support to price breaking it then re-testing that same area which then becomes resistance. Price was in a phase of consolidation/indecision before creating a minor area of support which adds more confirmations to my confluence for a long opportunity. Watching 140.700 area. Updates on this setup will be posted throughout the trading week or for each upcoming trading sessions.
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed.
In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro.
But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926.
Regards R. Linda!
Market Bias - 11/18/2022Bias: Choppy Bullish.
Top Watches: Long - FL, SPWR, ROST, GPS, JNJ. Short - GTHX.
Follow my page for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
STOCK MARKET ABOUT TO CRASH LIKE 2008!The stock market has seen a move up in the recent days and there is nothing bullish about it. inflation is sitting at 7.5% is not something to be bullish about. The will not pivot anytime soon. If you want to trade in the coming weeks; be prepared! The area to short is either current level or 406.
BITCOIN MAP 2 SCCP Price Live Data
The live S.C. Corinthians Fan Token price today is $0.601037 USD with a 24-hour trading volume of $85,198.13 USD. We update our SCCP to USD price in real-time. S.C. Corinthians Fan Token is up 5.59% in the last 24 hours. The current CoinMarketCap ranking is #1197, with a live market cap of $1,631,226 USD. It has a circulating supply of 2,714,019 SCCP coins and a max. supply of 20,000,000 SCCP coins.
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SCCP TO 300$
RLinda ! USDJPY-> Symmetrical triangle. Keep falling? USDJPY is forming a technical pullback. The Japanese Yen is strengthening on fundamentals. The price is falling 9.4% from its high of 151.940 to 137.650.
(Chart 1. Daily chart. Technical analysis)
Global chart:
A support level of 138.460 is formed, the level is tested by a false breakdown, but without a pullback. A consolidation with locally lowering daily highs is formed.
The currency pair finds for itself resistance from the daily MA-50 and seeks support MA-200 (daily)
Daily RSI comes out of the oversold area and shows a bullish signal
Daily MACD is in a bearish zone and is gaining ground
On the hourly chart there is no pullback after the strong drop. The price is consolidating at 139.388, but at the same time a symmetrical triangle is forming, which plays the role of a trend continuation pattern. I expect breakdown of the triangle support and the price fall to the liquidity zone 135.80
Regards R. Linda!
BTC SHORT MIDTERMS~! I WILL SHOW YOU WHY~!Why are we bottoming, this is not yet the bottom but respect the elliot wave ABC down and we are now forming C 0-1-2-3 formation.
THE BEGINNING...
twitter.com It started here/
We all know that we should have not gone this bad down. We know that 17K was a clear strength for Bitcoin.
It cannot be hide because of this
twitter.com
for me he is important... It must go down in history that his calls are bullshit crap.
Exposure to fear and uncertainty.
twitter.com few words but impacts so good.
twitter.com more reasons but it should be less if you try to summarize the problem.
Crashing market in a very minimal reason and few reason as to why I can say why we bottoming. FUELING THE JET FOR YOU BETCH.
twitter.com If we become more emotional we are just adding gas to the moon jet.
twitter.com so are calling for 10K some are saying lower.
I will say we are not gonna go far from 14K any below it is WICKS and WEAK BEARS~!
this is a deleted tweet, of @cateringclark, dont ask me for photo, dont be a dumb*ss do you think ill make up stories to save you.
I am not here for that. If I will make stories it will be because I want to be richer than God and it will not happen dude.
"If you are in alts - get the f*ck out ... This is a financial advice." then deleted...
Another whale but not maximalist to bitcoin (but not true) twitter.com
Tom Brady's LASER EYES ARE GONE :( and you cant predict it that true. twitter.com
I have collected most of the tweets that are sh** show to many... but for me its a good indicator.
Algod trying to scam us again, calling for QUITTING TO CRYPTO and quitting because of emotional fortitude is weak. Looool these people are here since you knew bitcoin, and still efing with us with your money to flow in their pockets.
Don't sell keep buying... Elon twitted a long winter coming, for me it will be a missed opportunity if you dont buy this coming leg down to 14K... I ve been calling this in my twitter and even had to call it off because of unusual strength at 18K to 17K wicks.
Constant meeting with ANTI BITCOIN and pro gold by Peter Sh*t
HSAKA a twitter account cuss and trying to hide his excitement that we are bottoming and waiting for side ways.
twitter.com proving this as well that D.A.O ruined the market and invited VCs to mess up retailers and solo flight traders and investors.
We will always here CRYPTO IS DED twitter.com
and immediately got slammed by my favorite TA expert and diligent investor to many projects -> twitter.com
the show goes on Crypto is ded twitter.com
So if your mom messages you and my AUNT did... for long time not even LUNA also... she messaged me and said whats happening to crypto (FTX)...
twitter.com thats why I am relate to this shiiiiii~!
THATS IT FOR ME :)
Ultratech cement Breakout of reverse head and shoulder a stock is ready for the breakout of reverse head and shoulder pattern on the charts of ultratech cement. And there is a huge buildup near the neckline area. Buy Between 6900-7000 and keep a stoploss of 6650 for the targets of 8000-8200.This stock is above all the important exponential moving averages.
RLinda ! Ahead of week 46. Overview of DXY, GOLD, EURUSD, BTCUSDTomorrow opens a new five-day trading session, cryptocurrency is an exception, so trading is 24/7. What to expect in the 46th week of 2022? Let's figure it out!
The dollar index falls to a three-month low
Cryptocurrencies remain under pressure
Fundamental factors hint at future rate cuts by the U.S. Federal Reserve
Gold rises to $1772 by the end of the five-day session.
(Chart 1. Dollar index. Daily timeframe. Price action and technical indicators)
The dollar index fell about 3.8% to its lowest since Aug. 16, 2022 Thursday on better-than-expected consumer price index data, and it reached important support there. The downward momentum that ended last week is likely to continue at least into the beginning of next week.
The long rally in the U.S. currency over the past two years has attracted a lot of dollar bulls, leading to an overcrowded positioning, and Thursday's data caused many of them to look for a quick exit. This was influenced by the biggest two-day drop in percentage terms (3.8%) since March 2009
Still, some strategists warned that dollar bears remain vulnerable to a possible rebound in the near term.
Technical indicators:
The dollar index is updating its low from Aug. 16, 2022.
The trading instrument is gaining resistance in the form of the daily MA-50 and is seeking support from the MA-200, at the moment the moving averages are still pointing to a bullish trend.
Daily MACD is in a bullish condition and just increasing the momentum in a bullish trend formation phase
Daily RSI is approaching the oversold area, which also indicates a strong bearish move
(Chart 2. XAUUSD. Daily timeframe. Price action and technical indicators)
Gold rose in early trading Friday as the dollar continued to weaken after its biggest drop in 13 years after the U.S. reported Thursday that inflation rose 7.7 percent year on year in October, 0.2 percentage points below the consensus forecast, and China loosened some of its Covid-19 restrictions.
The ICE dollar index was last down 1.85 points to 106.36, making gold more accessible to international buyers.
Rising positive factors raised hopes that the Federal Reserve will slow the pace of interest rate hikes at the next policy committee meeting in mid-December, boosting stock and commodity markets.
Technical indicators:
Gold is gaining support from the daily MA-50 after breaking through channel resistance, and has almost reached resistance in the form of the daily MA-200
Price is in a range and might react strongly enough after testing the upper consolidation line
MACD is going bullish, which is indicated by the Histogram, MACD line and the signal line, which is in the long zone relative to the neutral line.
Daily RSI reaches the overbought zone, which also indicates a bullish trend, but also keep in mind that RSI may show a bearish signal in the near future
(Chart 3. EURUSD. Daily timeframe. Price action and technical indicators)
EURUSD is renewing its September high after a larger-than-expected slowdown in the US Consumer Price Index, with the currency pair on track to test August's high ahead of the US retail sales report amid rising speculation.
Technical Indicators:
The price is under the support of the daily MA-50, almost reaching the daily MA-200 on the resistance side, which also coincides with the consolidation resistance, which could trigger a pullback after testing, but if the price goes deeper into the long zone, this maneuver will provoke the activation of orders, which will only push the price up
MACD is in a bullish mood, which is indicated by its indicators
The RSI is approaching an overbought zone, which might coincide with a test of the consolidation resistance and the MA-200 and pull the price down a little
(Chart 3. BTCUSD. Daily timeframe. Price action and technical indicators)
Bitcoin's drop for three consecutive days registers a 6.5% drop in price. With sustained selling, prices could fall another 4% to retest support at $16,000
A global break of support in the $17622 range showed that the crypto market could extend the current bearish trend it initiated last year.
Bitcoin's market value is 75.93% below its record high of $69,000 and is currently trading at $16,500
The coin's price is down 1.43% and is gradually approaching the psychological support of $16188. However, declining volume indicates that the continued decline has weak bearish momentum.
Also:
After nearly 11 years of inactivity, a significant number of bitcoins finally came on the move Friday morning. A total of 3,500 bitcoins worth more than $60 million came from seven unique bitcoin addresses created on Oct. 7, 2011. This is the first significant awakening of long-dormant bitcoins in months
Technical Indicators:
Bitcoin, after four days of heightened volatility, is back down to the average of recent months.
The daily MA-50 and MA-200 are acting as resistance, the price is in a range between 17622 and 16188 and is aiming for a retest of the support. A breakdown of the support will open up the potential for bitcoin to fall to the 13970 zone
Daily MACD shows bullish moves, as indicated by the histogram and the signal line
Daily RSI after testing the oversold area returns to the retest, which also indicates a strong bearish trend.
Regards R. Linda!