Gbpusd vs 50 SMA The cable has had a strong recovery in last trading days and has broken a small falling wedge, now the price is on the 50 day simple moving average, we should see by this evening if the close will be above or below that MA. In case the price closes above the MA we might consider to buy gbpusd because in the bigger picture (weekly chart) we can notice that price has formed a sort of triple bottom and might reach 1.35 next year.
Cot report analysis highlights the fact that net shorts in GBP are shrinking and retail traders instead are starting to sell GBP (retail traders are 90% in the wrong side of the market).
I hope you enjoyed this short analysis!
Tomorrow I will post an update on this pair
Market
USDJPY Sell Setup ?We are seeing the USDJPY to go down and break the 135$ mark.
Let's get started!
(Make sure to hit LIKE!)
Price is expect to reach the resistance market for price more fall , wait for the market to react on the current resistance or it can for double top. We can easily get a 250 pips profit.
Spy Futures Looking InterestingFutures looking extremely interesting for SPY, especially with BTC breaking under 24 but it isn't Monday morning yet either so we shall only see what BTC sees and maybe the market follows. Think is a good first step in a gap down, however, all planets must align for this move correctly.
BTC Pressured Below $24,000; Is $26,000 conceivable?The present Bitcoin value examination is showing financial backers' combination mode. As the cost expands the earlier day's sideways development in a scope of $23,400 and $24,000. The greatest digital money by market cap has been exchanging with an unbiased to a somewhat bullish predisposition.
BTC cost exchanges higher with unassuming additions on Saturday.
The development of two-sequential candles recommends hesitation among brokers.
A solid obstruction playing around $24,200 and $24,400 zone.
As of composing, BTC/USD is perusing at $23,899.05, up 0.47% for the afternoon. The cost has been uniting beneath the $24,000 mark however the drawback is very much covered close $23,700. Assuming that the value figures out how to hold over the meeting's high of $23,978 more potential gain should be visible in the coin.
On the day to day diagram, the BTC cost examination shows that the cost has been exchanging a rising wedge development. A rising wedge is a negative continuation specialized design. Nonetheless, the cost is agreeable and sits over the basic 20-day and 50-day EMA's showing a bullish fundamental opinion.
An everyday close over the referenced level would make ready for the mental $26,000 level, This likewise concurs with the upper trendline of the wedge development.
The MACD oscillator shows that the bullish energy is supporting over the midline. The RSI (14) is right now exchanging close to the 59 level, which shows that the market is in bullish mode and is a long way from overheating. Any increase in the markers would reinforce a bullish breakout out of the ongoing union.
The 24-hour exchanging volume of BTC dropped over 18% to $32,530,459,847.
Then again, a break underneath the meeting's low would tempt bears to go into exchange. All things considered, the cost could meet the 50-day EMA at $23,191 followed by the low of July 24 at $22,263.
Ripple records $408 million sold in Q2TL;DR Breakdown
Swell ODL volume expanded 9x YoY during the last quarter of 2022.
In Q2, the blockchain organization sold more than $408 million in XRP tokens.
Be that as it may, both the cost and volume of the XRP declined in the midst of specific market factors.
Blockchain installment organization Ripple delivered its Q2 monetary report on Friday, itemizing an amazing development in exchanges and On-Demand Liquidity (ODL) volume, regardless of the new accident of the cryptographic money market.
Wave's ODL expanded 9x
Swell said Q2 2022 was a record quarter for its On-Demand Liquidity further extended past installment and conventional settlement administrations, subsequently raising the volume by up to 9x year-over-year. ODL is a liquidity stage that use XRP to work with minimal expense cross-line installments on RippleNet. Swell expressed the majority of the volume in Q2 came from depository streams and mass installments.
The organization additionally referenced that it sold $408.9 million XRP tokens in the past quarter through its ODL administrations, contrasted with the $273 million XRPs it sold in Q1 of the year. The report peruses that how much XRP sold during Q2 likens to around 0.47% of XRP's worldwide volume. At last, the expansion in XRP deals credits to the development and reception of ODL.
"Swell has kept on taking part in deals exclusively connected with ODL and these volumes have sloped up significantly as Ripple's ODL business extended all around the world."
Swell likewise noticed an enormous expansion in exchange counts. Per the report, the exchanges on the XRP Ledger additionally expanded to around 114.6 million, which represented $58.3 billion or 126.5 billion XRP in volume.
XRP value, the volume endures a shot
Regardless of the ODL's development, the cost of XRP and everyday exchanged volume endured a shot in the midst of the negative condition of cryptographic money and the more extensive resources market. XRP volume dropped by 22% QoQ, from a typical everyday volume of $1.1 billion to $862 million, per the report.
During the hour of composing, XRP was up more than 4% to $0.371 during the 24hrs time period. The market capitalization was at $17.9 billion from a coursing supply of 48.34 billion XRP tokens.
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BTC/USDHi all,
Is is the bottom in? Most probable yes, at least for a bear market run. Almost 40% up since the bottom.
If macro economy doesn't improve and we are going to stagflation as FED is playing with interest rates, BTC and Stock market will not perform so well.
If BTC will break down again then will be a major alarm signal that it will be harder and harder to fully recover.
Until the halving in 2024 we have planty of time but it will be a harder bear market especially because is first recession for BTC.
I believe the technology behind is unique and the value of BTC will perform very well 5-10 years from now for sure.
DCA constantly and with a proper risk management.
A lot of patience and the portofolio will perform a lot in the following years.
Buy the fear sell the greed.
What do you think about BTC price?
SPY update after FEDLet's not get into the details of the decisions at FED.
Technically, we are staying above the 50 EMA, near the channel's upper border.
What do I expect?
I expect a pullback.
What can we do?
I will wait for a pullback to the middle of the channel.
Short term we are bearish, long term it looks like we are slowly becoming bullish.
DXY - wide scenarioThe shallowness in the market corresponds to the movements of the dollar, which keeps valuations from mainly consolidating templates.
Due to the current situations in European countries and the increasing turmoil in the US. It may introduce a slight mix in the currency, crypto and commodity markets.
In the event that the US maintains its position and the rest of the mid-sized countries fall into economic problems then we could see relative to the scenarios presented on the chart an exit at the top and gain dollar dominance in the global market.
The second option is to carry this forward in time, consolidate the current movement beforehand and then build a formation that will kick this upward.
Follow the trend and react accordingly. The market could be crazy by the end of the year....
Tesla holds Bitcoin worth $222BTL;DR Breakdown
Tesla has stayed one of the biggest Bitcoin financial backers as it has shared its Bitcoin worth in SEC documenting.
It had sold 75% of its Bitcoin possessions as of late, impressively diminishing it.
As per the SEC recording, Tesla holds Bitcoin worth $222 billion.
Tesla CEO Elon Musk has been one of the principal reasons Bitcoin saw an enormous worth expansion lately. However, Musk's relationship with Bitcoin didn't go on as he declared his help for Dogecoin. The progressions have impacted Bitcoin speculations due to its utilization. These progressions have come about because of the referenced organization's no more acknowledgment of Bitcoin. All things being equal, it has reported help for DOGE and its utilization to buy stock and different items.
As of late, a similar organization declared the offer of its Bitcoin speculations. As indicated by the authoritative declaration, it has sold over 75% of its Bitcoin possessions. Numerous experts were pondering about their Bitcoin possessions after this impressive decline. A new SEC documenting has unveiled the subtleties of the amount BTC it claims.
Here is a short outline of the subtleties of Tesla's SEC recording and its Bitcoin worth.
Tesla and its Bitcoin speculations
Tesla had made news in view of its extraordinary interest in Bitcoin. As per its true declaration, it had put $1.5 billion in Bitcoin in February 2021. The outcome was a flood of Bitcoin requests, raising its cost esteem. The flood for Bitcoin went on till the end quarter of 2021 when it approached the $70K mark. The next months saw changes in its worth as the market stayed unsound.
The last blow came from a downturn because of the international circumstance, making a financial emergency. From that point forward, Tesla has seen an impressive lessening in the worth of its Bitcoin speculations. The outcome was a choice to off-stack this weight as it could cost more as the financial circumstance declined. The over-half fall in Bitcoin esteem recommends that the vehicle-making organization has lost an impressive sum.
As it of late offered Bitcoin because of the negative market, it made $936 million in government-issued money. Musk's choice to sell Bitcoin has been one of the primary reasons virtual entertainment clients have rushed to crypto ventures. Some even named it a double-crossing as he left the market however he was the person who pulled in financial backers.
The new offer of Bitcoin and its ongoing worth
Tesla has documented its subsequent quarter (Q2) report to the Securities and Exchange Commission. The report shares the total subtleties of its Bitcoin action. As per the report, Tesla is said to have lost $170 billion because of market changes. While it had the option to make gains of $64 billion on its sure changes of Bitcoin to government-issued money. It had bought Bitcoin at $32K while selling a portion of its possessions in Q1 of 2021.
Tesla has said that it holds other advanced resources other than Bitcoin. However it hasn't named the resources it holds, it has acknowledged that it holds DOGE. Tesla's conveying worth of computerized resources is about $218 billion. Bitcoin esteem has vacillated throughout the previous few weeks, and the worth of these advanced resource properties could have expanded.
Musk had said in an explanation that the justification for their offer of Bitcoin was China's Covid lockdowns. Likewise, he said that they hadn't sold their Dogecoin property. The ongoing circumstance will lastingly affect Bitcoin, as it saw when Tesla bought a colossal measure of Bitcoin.
End
Tesla, the vehicle-making organization, has uncovered its Bitcoin possessions in a new SEC documenting. It shared the subtleties of the computerized resource possessions in the Q2 report. The subtleties show that it has Bitcoin property worth $222 billion. It shows that the organization is yet a critical investor in Bitcoin. While it additionally has other computerized resources that are not determined in the report.
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SPY - FED tomorrowSPY continues to stand in the big flag, at the top of it.
We don't look weak so far (at least until the 390 level), and we're still standing at 50EMA.
But honestly, I think we need a pullback to continue moving up.
We wait for the FED and I advise you not to trade much yet - be watchers for a couple of days!
Nasdaq100 26 July 2022 Bearish IdeaPrice has reached areas of rebalancing creating short term swings as well as running liquidity pools usidng market correlation markets show a potential volatile week as well as confluencing short term moves.
Pleas like and follow if idea was of use and i would like to hear yor views 2.
GOLD - long term AT
The situation may take a strange turn, we need to follow the news.... The first inflammatory news is behind us, which caused this decline. The next one may just be a chain reaction....
The defense of this triangle formation may also cause a spring-test and a slow upward move in 2023-2024
Bitcoin - a short, medium and long view in outlookBitcoin has lost a critical local support zone, also coinciding with the loss of the lower pivot in the local downtrend (1H).
At 4-hour levels, the bearish channel that has formed and the rejection at the top of the bullish channel can be seen even better.
In the daily scenario we continue to hold the bearish channel with a re-entry and rebound that could swing the price back between $22,000 and $20,000.
A clear entry point is yet to be established, and we expect high volatility dependent on financial markets. If these pick up, we can get a short target with entry at $28,000.
In the event that the stock market is more affected in the short term, the support of $20,000 and $18,000 could be in danger, since a double top pattern on historical highs has been completed, whose projection could take the price of Bitcoin to $14,000.
SPY - New Trading Week ReviewHappy new trading week to everyone!
What do we see in the early hours of the Monday morning?
I still want to look at this setup as a flag.
We saw a logical red candle on Friday, which allowed us to move a little bit away from the overbought zone.
What should we expect from the market this week?
At this point, I would pay attention to several markers:
1) The upper channel border.
2) The 385-390 zone, as support for staying bullish .
3) Being above 50EMA as an additional sign of strength.
I am more expecting a pullback to the 385-390 zone, after which we will get stronger to go up and already after that to get above 50EMA.
GOLD July W.4: Short-term trend alertHi friends, I hope y'all had a fantastic weekend ;)
Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed.
Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal".
Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade.
This is not financial advice, but if you interested in taking these trades with me, these are their signals:
BUY E.1@: 1728.48
Lot Size: 0.07
S.L @: 1720.28 (-0.43%)
T.P 4@: 1787.49 (+3.14%)
R/R/R: 1:4
BUY E.2@: 1741.00
Lot Size: 0.07
S.L @: 1732.37 (-0.46%)
T.P 3@: 1787.49 (+2.47%)
R/R/R: 1:3
To successfully manage the trades in cutting their loss short, follow this strategy:
-If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1)
-If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2)
To successfully manage the trades in letting the profits run, follow this strategy:
-If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1)
-If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2)
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
BTC - Make or... Break!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis, we were waiting for a break either upward or downward of the range.
BTC broke the range upward, NOW WHAT?
We are currently in a short-term correction phase in the shape of a flag, retesting the upper bound of the gray range.
If we have a break above the flag (in red) then a continuation would be more probable, and as a projection of the first leg (in blue) we will be expecting a movement till the 28k - 30k resistance zone.
unless we break below the last major low from H4 (marked in orange), in this case an over-extended correction would be expected till the 20k zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich