BTC/targeting $14.5k - Bearish - Raising Wedge (fibonacci)You propably have heared already about BTC dropping to price around $14.000,
technicaly this is supposed to happen as Raising Wedge after "falling trend" predicts drop of a price once its gonna give up to one of the Fibonacci Retracement Level (0.618 or 0.5 or 0.382).
Good option i could suggest would be observing Higher Highs and Higher Lows if they break and turn into Lower Highs and Lower Lows (that scenario would turn recent BULLISH trend on BTC to BEARISH )
Recently we have tested second - Fibonacci Retracement level (0.5)
the next one is going to be (0.382) and then possible drop max drop range might reach down to $14500
Before going down to $14500 we are going to test $17500 ( strong support which stopped bearish mid term market ).
Even though, with High enough market liquidity that trend could turn into something more positive, and i have little hope that recent HYPE PUMP on ETH will turn this scenario into LONG TERM BULLISH MARKET .
Market
US Pre Market DashboardI'm based in the UK. This is my dashboard to keep an eye on in the run up to the US open. It includes NDQ, SPX & DJI futures (white line = current contract, blue line = contract in front), US Treasury 2/10 and 3m/10 yield curves, DXY, BTC and UK100 index.
On the US index charts I've overlayed spot candle charts to see the difference between spot prices vs futures.
Initially I had 2 layouts, one for futures/pre market and another with spot/open market. However, having tried using both in line and candle formats on the same layout, I'm finding this is suitable for pre and open hours. I frequently switch between hourly or daily, but during pre market hours in the run up to open, it's always the hourly chart, zoomed so that the full previous day's trading hours are visible.
Comments, questions and suggestions welcome!
Trade safe folks :-)
EURUSD TREND BOUNCE?Pair: EURUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle pattern
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Key Takeaway: Need to see a bounce off trend line
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Level needed: need a close by 1.02130
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Trade: Long
RISK:REWARD 1:5
SL: 30
TP: 156
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BTC Will Fall: The War on Fraud BeginsBTC triple topped into the ascending triangle which broke down to the downside, an extremely bearish move. I wondered why altcoins are up and I believe it is because everyone is liquidating out of BTC and potentially into stablecoins.
I strongly believe this investment by the US gov into the IRS is to crack down on illegal principles funded by drug dealers, credit card scammers, and unemployment fraud scammers, who use the blockchain network as a web for their operations, I strongly believe this also includes the cartel but I think the cartel > is way stronger than the government and we'd never come for them, but actually, that would make more sense into why we're funding out IRS as a military at the moment, fascinating.
Just to explain how this web works. Someone can pretend to be you, order unemployment debit cards to YOUR address, stand outside of your house, and catch any mail that would've notified you of this activity. They will then proceed, to deposit this let's say for example $10k into BTC. They will then proceed to advertise to people "hey, send me 5k, and I'll double it, to 10k and send it to you" these people take their tax-paid cash hard-earned and then send it to the scammers. These scammers now have 5k in clean free cash flow, and the victim who sent them 5k is going to be sent 10k in illegal cash flow. Now the blame is spread across the American people. And just imagine what was happening when stimulus checks for thousands of dollars were floating through to people that didn't know if they were eligible.
Another point I also have is that most BTC holders don't pay their fair amount of tax on capital gains. Even these public millionaires I believe use the BTC as a tool to escape taxes. Anyone can simply say "oh, I lost the crypto wallet password, I have no capital gains" which is technically true because I have sent crypto through the wrong network before and lost it, however, exchanges account for that information and I'd be safe. However, these degenerates who think the government isn't a mafia, are going to be taken by surprise by the amount of taxes they will need to pay, forcing them to liquidate. This second point is dependent on how the IRS classifies BTC, because if it's property, then things are different because you don't pay capital gains on your house, but you do pay a property tax year over year so there's that, they'll potentially put in a "Billionaire Bill" which forces people to liquidate and pay taxes for owning their property based on a percent. If not treated as property and instead as an asset or currency, then spitball fire and this is gonna be a messy slaughterhouse of taxes needing to be paid, I believe both possibilities lead to a bearish decline to at least 21k, then a potential 19k, I'll see if 18-19k support holds, then go in, but if not we could see bearish lands of 11k but I don't honestly see 11k happening unless huge market activity pushes this sentiment.
TICK Alerting that indicate institutional Buy/Sell ProgramsIn this video I discuss the ticker "TICK" which is a value indicative of the volume of buy and sell programs running through the NYSE. Usually these are great indicators of when institutional wants to push through resistance and support. Ive also seen them used to set the tone for the day in the morning, and also help close where institutional wants at close. In this video we discuss the theory and how to set up alerts to help us be knowledgeable which way the big boys are bumping the pinball machine and can use it to our advantage.
BTC - Hold Your Breath; for one last dive! ETH chart insideHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last picture idea, we know that BTC is still overall bullish from a medium-term perspective trading inside the bullish channel in red.
However, as time passes by, we are approaching the upper rejection zone that I have been mentioning for months now.
The more we approach the 28k, the closer the rejection would get. That's why I thought that it is a good time to share this idea now as a reminder.
This rejection zone is the intersection of the 28k-30k resistance, supply zone, and upper trendline in brown.
Around this rejection zone, we will be expecting the next bearish impulse to start to form a new swing high around the brown trendline before breaking it upward. Then and only then we can say that the bull run is about to start.
I called it a bearish "impulse" because we are overall bearish trading inside the big brown channel. However, this time I am expecting a shorter impulse compared to the previous two.
But of course, for the bearish impulse to start, we need the bears to take over by breaking below the red channel. Meanwhile we are in a bullish correction.
We can see a similar chart on ETH:
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD ! Gold review for the coming trading week😎Gold. On the chart I marked the ascending price channel. We can see that the price made a false-break of the level of 1787.4 and also the support of the uptrend channel, after which a strong bullish momentum appears, which confirms that the growth will continue. Friday closes in its highs.
Since the price forms a range between the levels 1809.4 and 1787.4, I suppose that after the false breakdown of the range resistance we might see a pullback, but in the mid-term the price should continue growing.
On the chart there is an important zone for the price - resistance of 1865.7. I suppose that is where the price can go.
Regards R. Linda!
GOLD ! 2 scenarios: growth and decline. What will happen next?🤔The situation is logical and interesting at the same time. The price breaks through the resistance of 1787.4 and consolidates above this level for a long time, making false breakdowns downwards.
Under the price passes the formed ascending support line, above which the price is at the moment.
The situation is stalemated by the fact that the price cannot go up and cannot renew the local tops, i.e. there are two scenarios: growth after a false break-down of the level and support line. Or a break-down and formation of correction. What to expect further?
Sincerely R. Linda!
US500 - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for US500 .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURAUD PENNANT PATTERN BREAK Pair: EURAUD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant break
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Key Takeaway: broken pennant and seeing great downward momentum
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Level needed: need a close by 1.45160
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Trade: Short
RISK:REWARD 1:6
SL: 30
TP: 170
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
potential next move down for SPX/SPYUnderstanding the next resistances for the SPX and SPY. The next in my opinion is the 425 big 61 fib resistance level. likely to see some resistance here even if it eventually breaks it. for me 4330 is also another major resistance point with it being a third touch of the trend line.
USDJPY ASCENDING TRIANGLE BREAKPair: USDJPY
Timeframe: 1H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending wedge pattern, fib golden pocket level
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Key Takeaway: Need to see break of this ascending triangle to the down depending on the US Core Inflation rate we see today and a break of high volume level
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Level needed: need a close by 134.925
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Trade: Short
RISK:REWARD 1:15
SL: 31
TP: 452
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
SPY - market reviewHi! It's been a while since I wrote anything here!
Let's do a little SPY review to understand what's going on with the market.
I can clearly see that we should pull back from here as we are overbought and have resistance.
What will happen to the market globally - no one knows.
But in the short term I expect a short!
Also guys, I want to point out that I have a lot of work with traders, so I don't have time to keep my profile page. Therefore, thank you all for the likes and subscriptions, I wish you good luck in the future!
CHFJPY BREAKOUT?Pair: CHFJPY
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Need to see break past trend, round number and resistance
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Level needed: Need to see price close by 141.975
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Trade: Long
RISK:REWARD 1:8
SL: 24
TP: 180
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Adobe - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
ADBE is overall bullish trading inside our brown rising broadening wedge and it is currently sitting around the lower bound so we will be looking for trend-following buy setups.
For the bulls to take over, we need a break above the gray minor support/resistance zone.
Meanwhile, ADBE can still trade lower and dive inside the blue rejection zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Market Structure Identification ✅Hello traders!
✅ MARKET STRUCUTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with the trend as the saying says trend is your friend follow the trend when you are taking trades that are alligned with the strucutre you have a better probability of them closing in profit.
✅ Types of Market Structure
Bearish Market Structure - institutions are positioned LONG, look only to enter long/buy trades, we are spotingt the bullish market strucutre if price is making higher highs (hh) and higher lows (hl)
Bullish Market Structure - institutions are positioned SHORT, look only to enter short/sell trades, we are spoting the bearish market strucutre when price is making lower highs (lh) and lower lows (ll)
Range Market Structure - the volumes on short/long trades are equall instiutions dont have a clear direction we are spoting this strucutre if we see price making equal highs and equal lows and is accumulating .
I hope I was clear enough so you can understand this very important trading concept, remember its not in the number its in the quality of the trades and to have a better quality try to allign every trading idea with the actual strucutre
BTC - Dear August, Be Good! ETH Analysis insideHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last picture idea, we have been waiting for BTC to test the gray zone and lower red trendline to look for trend-following buy setups.
BTC is already around the gray zone , and yes, as per the current market conditions, a movement till the 28k-30k resistance / supply zone is still expected.
Now What? As usual, as per my trading style, I will be waiting for the bulls to take over by breaking above the last high highlighted in orange.
Meanwhile, the bears can still kick in and break the channel downward, in this case we will be expecting a short-term bearish movement because the last major low (as highlighted on the chart) wouldn't be broken yet.
Regarding ETH:
Price broke the purple pennant downward, and as mentioned in this case, we will be looking for buy setups around the lower red trendline.
ETH rejected our red trendline and traded higher . for the bulls to take over again, we need a break above the last major high in blue.
Meanwhile, just like BTC, if the bears break below the trendline, then the first support would be around the 1500 zone.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Our MRI3 picked. BTC likely to have, as well.Our publicly available Market Risk Indicator v3 (MRI3) has clearly picked in late July.
We believe BTC prices have as well, thus making the top of 1d chart ichimoku cloud the bound of current move.
This alone suggests SHORT as the proper side to be in for the time being.
Thank you for your audience.
best regards.
Update BTC price and market !!!Until now my 2 indicators work almost perfectly.
We are in the bottom zone and soon we will hear more good news and BTC price will increase steadily.
At least, we have about 4 months left to buy BTC at a cheap price that many people later regret missing out.
It is best to split the amount and buy weekly until the end of this year or Q1 2023.
(The media is a tool that sharks use effectively to tap into the psychology of retail investors; and stories of sharks using money to manipulate prices are a stupid inference.)
**If you want to see how other coins do, you can leave me a message below.
Bitcoin Outlook Hello , how is it going today?
I hope well.
So i drew out a plan based on recent support and resistance and from where i can see is we had broken some strong support... Yes.... butttt bitcoin is in the undervalued territory right now. I believe around these ranges is buying opportunity for most (Spot) Investments. I do not play with leverage much.
I believe if we can find acceptance above the first resis line , we can rally towards 85-110k per Bitcoin...
I will be pulling out profits from there & my plan is to buy back lower around 40k-60k range.
Please do your own research as i am not a financial advisor.
Bitcoin Detailed Top-Down Analysis - Day 41Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
41 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich