Money
🚀 Bitcoin - MaverickTrading 🚀MaverickTrading - The Bull awakens
we can't publish this idea for you just yet.
wow, looks like you've used quite a few capital letters here.
this can SEEM LIKE SHOUTING to a lot of folks on the internet.
if you could please tone it down a touch, that'd be much appreciated
🚀🚀🚀🚀🚀
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BITFINEX:BTCUSDLONGS
Descending channel pattern AUDUSDYou see it's on the bottom of this pattern i see as a descending channel. The reason why i see this as a buying opportunity is because it might respect this pattern and it also has two untouched zones above which it might be attracted to. In the end of the day it might touch the upper line and continue down with its pattern or it might break above and continue up and create a new pattern.
GBP/USD Short ForecastAs we have been in a long term down trend for the last couple months we are long term bearish on OANDA:GBPUSD . Expecting price to drop to our magnet zone.
Price already respected out Short Zone however we anticipate a second test deeper into our zone before dropping with momentum. If not we will look to take intraday trades down into our long zone which we do not expect to hold however, we expect price to react briefly off, before later breaking it to form new lows. We will also lookout for new short zones that may form in the mean time.
EUR/USD ForecastingAs we have been in a long term down trend for the last couple months we are long term bearish on EURUSD . Expecting price to drop to our magnet zone.
It seems price is retracing so we are short term bullish until price reaches short zone 1 where we will be looking to short. If price does not respect zone 1 then we will look to short from zone 2.
However we are also weary price may continue dropping from here and create new lows. We will look to see how this week ends. EU price has been choppy for the past several weeks so we are on standby until we get a clear indication of price respecting our zones.
GBPJPY ON THE RISE Hello traders, here we can see GBPJPY that broke structure to the downside and got stopped at our bullish orderblock on the daily chart. current made a correction to the upside breaking current structure, just waiting to break through this trendline and we will be looking to take long positions. Good luck and Happy Trading Everyone !
Current inflation has nothing to do with the FedWith the most anticipated FOMC announcement in a long time coming tomorrow I'm throwing out my prediction: the Fed will be surprisingly patient with their tapering. This chart shows a few reasons why:
1. M2 growth does not have anywhere close to the same effect as it did on inflation in 1970.
From the 3 decades 1970-2000 the CPI Growth/M2 growth was in the range of 0.65-0.75. Something happened in the next decade that broke this ratio down where it has been declining ever since - QE. Quantitative easing allowed the Fed to flood bank reserves into the system to protect from a liquidity crisis. This is what people refer to as "printing money" but in reality it that money is not being injected into the real economy. Banks reserves need to get loaned out and circulated in the economy to have an effect on inflation and this appetite for loans is not something their QE controls. Lower rates may have a limited affect but the majority comes from aggregate demand factors that are difficult to control.
The second chart shows the first derivate of CPI/M2 over a 12 month period. Comparing the levels in the 1970s to our current period should make it clear we are not seeing even close to the same effects on CPI that we did then. We are still in an era more similar to 2010-2020 than 1970-1980 and the Fed doesn't even need to stop purchases to see the growth rate slow.
2. The dollar has not has barely been effected and already looks to have bottomed.
The last chart shows how drastically the dollar index plunged in the two CPI spikes of the 1970s. This preluded the actual CPI numbers which is intuitive - the dollar plunging takes time to actually reach the consumer. This current cycle we haven't seen anything close to that. The dollar has held steady and is relatively unchanged since 2014. The dollar is not seeing a massive decline relative to other currencies like we did in the 1970s.
3. Supply issues have clearly had an effect on CPI
It's not a surprise that Covid severely damaged the worlds supply chains. Pretty much every earnings call from a company that is exposed to the global supply chain mentions this. The New York Fed has a gauge here if you want to see for yourself. Luckily, it seems to be peaking but we are not sure of that yet.
In summary, the inflation numbers we've seen are likely not being caused by monetary policy and the Fed knows this. Supply pressures look like they are starting to ease but we are not out of the woods. A drastic measure by the Fed may not even work to stop the inflation if my my assumptions are correct and it would induce a much more damaging stagflation. I predict the Fed is extremely cautious with their moves and we will not see anything drastic in tomorrows statement.
USDZAR Smart money concepts💰We're looking for high probable trades on our Area of interest (AOI). The price can simply sell to buy, then collect liquidity and shoot down from our AOI, That's where we are looking for our shorts.
This is not a signal but a forecast, apply risk management, and manage your your trade when in profit, don't close until we reach our next purple demand zone.
Be patient enough, this is a high priority set up with huge percentage of returns when caught in the right entry.
EUR/USD : 2022 Price DirectionEUR/USD
The Euro has been falling for some time and is now consolidation for its next large move. We can see that we are building support & creating a falling channel.
Long Play:
Wait for a candle break and close out of the first layer of resistance (~1.14) then we can see a new upward trend pushing to the higher resistance levels.
Target 1: (~1.152)
Target 2: (~1.7)
Target 3: (~1.19)
Short Play:
Wait for a candle break and close our final support around (~1.12) area then we can retest a new support level near (~1.1)
Target 1: (~1.1)
ETH come back tour? Using a fib fan connecting the 2 major timepoints of a breakout above $800 that held in Early January 2021 and the >$4,800 high price we saw in November of 2021 we can see strength being found at the 0.50 retracement level.
We can see the .25 and .382 levels acted as support before giving out causing a step down the ladder. If we find support at the 0.50 level then I imagine we test the .382 at a price between $3,800 and $4,000 at the beginning of February 2022 and if we move up then the fun really begins...
If 0.50 is held then we keep a full move back to the 0 line at $6,750 - $7,000.
A lot of momentum can be found either way of the 0.50.
Let's hope the ball bounces up.
900 PIP MOVE ON EURUSD ??! No much explanation here ...
However you trade, remember to always KEEP IT SIMPLE.
Looking to go in at 1.1370 (prime entry) with a 30 pip stoploss.
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Moving stoploss to break even should price go to 1.1595
Manually exiting position should price close below 1.1375
Trade safe. 🥂
Keep it simple.✅