Movingaveragecrossover
SIDUS/USD - Worth a PuntSIDUS is an online multiplayer game set in space, not yet launched. It's taken a beating during the bear market (poor timing on the launch) but if this can retrace back to the first major Fib (0.236), the upside from here is over 1,700% hence it being worth a punt. My first upside target is 40%
The 20ema has crossed the 50sma in the last few weeks and the volume seems to show a healthy increase in buys / sells with steady movement to the upside.
Consolidation at the bottom appears to be complete and hopefully the trend from here is upwards.
Best of luck if you're in this trade too.
Crude Oil Descending Channel Guiding WTI Lower, Where to?Crude oil prices fell almost 10 percent this week, the worst performance since late March.
A near-term falling channel seems to be guiding WTI lower since June. Meanwhile, a bearish crossover between the 50- and 100-day Simple Moving Average (SMA) is underscoring a bearish posture.
There is certainly room for upside within the channel, with immediate resistance as the 92-95 - 95.11 range. This zone used to hold as support when it was established back in March. Now, it could hold as new resistance.
Immediate support seems to be the 85.38 inflection point.
A confirmatory breakout under this price could open the door to extending losses towards the 78.6% Fibonacci retracement at 76.78.
Otherwise, further gains could see the SMAs hold as resistance.
USOIL
Bitcoin OVERDUE for a BOUNCEHi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
If we use the trusted method of Moving Averages, we can see that the Bitcoin BTCUSDT price has been trading under the 50 day moving average for 248 days (except briefly during April where it was above for 10 days). This means that Bitcoin is oversold, and due for a bounce. Note that a bounce would not necessarily mean a reversal, but just like in April, it's possible to see price action trade above at least for a few days.
If you're interested in Solana, check out this idea:
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DraftkingsMight be too early to call, but the gap between the 3200 and the 200 may close very soon
Green power bars will pull the 200 over the white 800ma, and from there we will see how much power presents itself to head towards the 3200ma
Possible 5 waves are in, i count a truncation, but It can be hard to tell without a clear wave 1 ahead of us
Target is 39$ or near the ORANGE 3200 MOVING AVERAGE
$MSFT - Weekly support and continuationTechnical Analysis (TA)
Monthly oversold and Williams %R showing signs of a reversal.
Weekly MA's resistantce broken and held key 100MA as support. Needs to break Monthly 10EMA to show upside momentum.
Price Target
Entry : $281
Price Target 1: $315
Price target 2: $350
Fundamental Analysis (FA)
Strong Quality Screen and metrics.
SPY SPX S&P 500I believe the next 6-12 months will put the s&p potentially higher than my previous target, depending on whether or not this is in fact the start of a wave 1 of 3, part of the 5th wave of a higher degree (purple) wave 3.
If current turquoise wave 3 is extended, then wave 5 will more than likely perform a "throw over" in relation to the 45 degree channel in this chart
However, failure to break the previous X wave, will result in one Final down before a purple wave 5, invalidating the current impulsive count. (potential WXYXZ is still visible on chart)
As of right now, I can say with confidence that the 200 MA will cross the 3200 ma on this 1 hour time frame, by the time it reaches the 3200, the price will be ~4400$ +
for a longer-term and complete Wave Count of S&P500, An Older post is tagged below
TQQQ to 35Two Ways I want to play this move if it happens
1) I expect until Wednesday 7/27 that we are going to remain balanced between roughly 27 to 32
IF we get that clean break to the upside hard and fast (giggity) then I want to be looking to play that 35 to 36 rejection short. I am likely to swing this move, maybe day trade! but I will have to see what its looking like if it sets up. Leaning more towards a swing trade over next day or two
2) I want below 28.57 to pick up my first long entry. If we dip to 26 I will add once more to swing the contracts into that 35 short entry I am targeting
This is only IF we set up with price holding that 26 to 27 area of support. If that is broken and held below this plan is invalid as the overall market is going lower and shorts to the downside would be in play at that point
ETH Resistance & Support (2 weeks+)As ETH starts to look like the market indicator (up over 30% against BTC since the bottom), this is a brief outlook on future resistance and support. Above the lower lines of support, the bottom of the daily EMA ribbon (1340) could be another strong area of support On the other side, horizontal resistance can be seen on the 4hr Beyond that the weekly EMA ribbon will cover a wide range of resistance between 1900 and 2400 The 20 and 50 week MA fall in that same range Also worth noting the bearish cross of the 20 & 50 week MA, and bearish flip of weekly EMA
Short setup based on ABCD correction + 1.272 fibonacciHey everyone,
Seems like bitcoin have formed his top, meaning we have a nice opportunity to short.
several elements of technical analysis:
- ABCD pattern
- price ranging before break down
- 1.272 fibonacci retracement
- emas crossing may give even more quality to this trade
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Have a nice week !
BABA - Adam & Eve reversalWorst looks to be over for BABA after hitting a low on 15 March and then went on to form an Adam and Eve (A&E) reversal pattern.
It broke above the A&E neckline 2 days ago. While the breakup volume wasn't impressive, it is however now above the 200 day moving average, which gave it credibility to likely continue in a slow path to recovery. (could chop sideways for a while until the 50 day moving average can cross above the 200 day moving average).
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Bitcoin - Your blueprint to freedom and beyondBitcoin - Looking at the one-week timeframe this is what we are seeing at the moment. Back on June 17th when we hit the 200MA and unlike many years before, Bitcoin went well below the white line, nearly 4 weekly candles later we are still under and looking very weak. This weakness and the inability to cross above the white line greatly tips the odds in favor of going to 11K. This means the odds of going lower are much higher than the odds of moving up. Time does make a difference here, the more time we spend under the white line the more sellers are going to get nervous and trigger a selloff, not to mention that we are grossly under production cost which could generate another problem.
On the daily timeframe, we still have to take shots at the 50MA which is our second battle, our first and harder battle zone is the one I spoke about above. Also here in the 1D timeframe, we can see that this is BTC's 2nd major effort to start closing out of that new and tight range, even here there isn't enough energy to make a decisive move.
Heads up: This is a little insight. No matter if the price is too high or too low know that it always likes to be near the moving averages. Price does not like to stay away from them for too long.
Warning: consumer debt is at an astronomical level, what does that mean? It means that we have been putting vacations, car payments, clothing, food... on our credit cards. What does that mean? It means that credit card rates are now purposely very high and those loans have to be paid. If a "recession" hits many of you will default on car payments and loans... which will create a domino effect that will very negatively affect the world economy and the markets. Expect a drop if this slow-moving train wreck comes into effect.
Wisdom: Credit card companies with the blessing of your government are allowed to entice you to borrow, if you haven't borrowed enough they create more incentives, once you have borrowed too much they change the rates and lock you in debt for a few years. This benefits your government and the global banking system. How? The Banks steal your money and power (That you willingly gave up) on the other side of the coin? Corporations hire you for cheap or under their terms and the government gets tax revenue and high employment rates... After a while rates go down and the cycle starts again. Be smart and do not top off your credit cards, buy what you can afford, and save so you can invest. You are a hamster in a wheel if you allow yourself to be one.
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Will HSI finish strong for Q2?2 weeks ago we discussed why the HSI:HSI rebound rally would be slowed by profit takers (). The choppiness in the index we saw for the past 2 weeks was also due to the discrepancy between the China and US equity market. While the SSE Composite SSE:000001 still held above 3300 level, the US equity indexes all broke through the 2022-May low due to the increasing worries of inflation and recession risk. Hong Kong as a market sitting in between the east and the west taking different messages from each side, fluctuation is inevitable in such a situation.
Strong rebound in the US equity market last Friday
In the recent Friday session (Jun-24), the US equity markets showed a strong rebound and paired back most of the losses from the past 2 weeks and stood above the May-2022 low again. That means the breakout to the downside we saw last week is likely to be a false breakout. While the main direction of the US equity market is still downward, it could take a break at this price level (to accumulate more energy before diving further). This break also means alignment between the US and China markets, which create the necessary condition for Hong Kong HSI to continue the rally to the upside.
Xi Jinping is joining the HKSAR 25th anniversary event
Next Friday, July-1 is the 25th Anniversary of the establishment of the HKSAR (also known as reunification with China). Last week Xi Jinping has confirmed that he will physically attend the anniversary event , which marks the first time for Xi to step out of mainland China since Covid outbreak in 2020. This gesture re-emphasizes the importance of Hong Kong to China.
Reopen to revive Hong Kong Economy
Back in early June the Liaison Office of Central People’s Government (LOCPG, Beijing’s main body overseeing Hong Kong) had hosted a meeting with foreign business chambers to collect “suggestion” and “advice” on how to revive the Hong Kong business environment. All chambers had expressed that the existing quarantine measure is the biggest roadblock for local business. With the new chief executive of Hong Kong, John Lee coming onboard next month, all eyes will be on him to iron out the reopening details of Hong Kong with mainland China and the rest of the world. Personally I am optimistic about the relaxation of quarantine measures as soon as the coming Q3. Reopening of Hong Kong is actually a one-stone-two-birds move for China. First, it can serve as a welcoming gift for John Lee from China, to help him rebuild trust between the government and the people in the city. Second, reviving Hong Kong economy, especially its financial market, is one of the crucial steps for China to save its downturning economy. I believe the announcement of the reopening would be one of the major events in Q3 that send the Hong Kong HSI Index to the upside.
Technical Discussion
HSI index retested the 20 days and 50 days moving average without going through, reconfirming the support at these levels. The strength also pulled the 20 days moving average above the 50 days creating a bullish technical signal. If we follow the upside rally narrative, below are the levels the index must break through to confirm the sustainability of the trend:
22142: 09-Jun, choppy zone peak
22523: 04-Apr, rebound peak from market plummet in Mar-2022
However, one needs to be extra cautious if the index drops below the low of the choppy zone at 20697 again , as this would mean the rally narrative discussed above is still premature. Long positions in the index as well as other Hong Kong listed stocks should be trimmed partially for risk management.
June Week 4: USOIL Medium-term trend!Hi friends, I hope y'all had an awesome weekend and ready to tackle this week strong ;)
Today, we looking at a possible bearish trend here on the daily. This trend signal is derived from the monthly where the price is in the bullish half a bats L2 formation that will bounce off or retest the 8 m.a before continuing the patterns trend to its 3rd level. So we are currently anticipating a counter-trend, and when its done we'll hop on the main trend. Let us see how the bulls and bears might behave in either triggering our trade signal or dis-confirming it.
Bulls: -The price will dis-confirm our trade by forming a bullish reversal pattern that will lead the price to bullish break and retest 2nd Monthly Key Lvl (stop loss area) together with 50 m.a (light blue) and bullish crossed short-term m.a's (dark blue and red). If the price does that it will trigger the weekly's double bottoms signal and I'll share it here.
Bears: -The price will bearish drop for the head and shoulders trend together for the 200 m.a (that's visible on the Mt4 chart in white color) and short-term m.a's trend - probably after it has bullish bounced off the Daily H&S Neckline 2, 50 m.a, and bearish crossed short-term m.a's with a bearish reversal candle pattern. That will trigger what I call an "H&S A-E.3 signal".
That's it for today. I hope you found value in this. If you have a different perspective on this instrument, feel free to share it in the comments section or direct message me, I'd love to know your thoughts!
Stay Blessed,
Doji-2K1
Will 200 WMA hold Bitcoin ? I will be paying a very close attention to the 200WMA, as I Know in the past years it has acted as strong support. Imo I feel like on the smaller time frame we could go lower but on the weekly time close back above 200WMA. I still believe we won't see a bull market until next year.
BITCOIN , 1D, 15/5/2022Welcome too all of you guys..
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overall,the price is moving down since 7 weeks and we can see bearish channal on 1d time frame clearly.
It may be possible now to see the price moving up in this coming days...and make some correction
so there is some important point lead us to open long poistion now
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my order:
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open position: 29.704
SL :25.792
TP1: 41.428
ORDER: 1
LEVERAGE : 1/100
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good luck