US NAS 100
Nasdaq Thoughts 16-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Important Support and Resistance Areas: 60672.0-61099.25
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The Chuseok holiday in Korea is until September 18th.
As a result, it is difficult to publish ideas.
I hope you have a healthy and happy holiday.
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It seems that funds are flowing into the coin market through USDT or USDC.
We need to check if the USDT dominance can fall below 5.55.
If not, the key is whether it can meet resistance near 5.89.
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Looking at the NAS100USD chart, it rose to the important point of 19582.6.
The key is whether it can rise above 19582.6 and receive support.
If not, we need to check whether it can receive support near 19143.2 in the first round.
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** Information on support and resistance zones is explained in the previous idea.
(BTCUSDT 1D chart)
I think this volatility period has just begun because it was set on the 1W chart.
This volatility period is expected to continue until September 29, so caution is required when trading.
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It is rising near 60672.0-61099.25.
The important thing now is whether the price can be maintained above the M-Signal indicator on the 1W chart.
To do so, the key is whether it can rise above 61099.25 and receive support.
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Since the StochRSI indicator has changed its slope in the overbought zone, it appears to be currently forming a high point.
Therefore, even if the price rises, a pullback pattern may occur, so we need to think about a response plan for this.
Therefore, whether there is support around 60672.0-61099.25 has become important.
Since the sell line of the superTrend indicator is formed around 60672.0, it highlights the importance of the 60672.0-61099.25 range.
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If a pullback pattern is shown, the key is whether it can receive support around the MS-Signal (M-Signal on the 1D chart) indicator and rise.
Accordingly, we need to check whether the price can be maintained above 57889.10.
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If it rises above 61099.25, it is important to see whether it can break through the 63118.62-64000.0 range.
If it fails to break through, it will form a high point and fall like after July 15.
At this time, if the price is maintained above the MS-Signal (M-Signal on the 1D chart) indicator, there is a high possibility that it will turn into an upward trend.
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I am talking about analyzing the BTCUSDT chart with several charts.
This is because I think that the fund flow in the coin market can be briefly judged by the movement of USDT, USDC and the flow of the stock market according to the launch of the ETF.
I think that it can be used to check whether the current support and resistance zone of BTC is supported based on the identified fund flow.
I think the Renko chart that I sometimes show you is excellent for checking support and resistance zones and trends.
However, since it is difficult to trade through the Renko chart, I think it is good to use it for checking trends or support and resistance zones.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section that is expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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NAS100USD / TRADING BELOW SUPPLY ZONE - 4H NAS100USD / 4H TIME FRAME
HELLO TRADERS
yesterday prices rising +225 pip profit currently trading below the resistance trend line may be rising into supply zone after decline to reach 19,187.
As long as the price remains below 19,954, a decline is expected, with potential targets of 19,187 and subsequently 18,688.
However, if the price breaks above 19,954, the trend is likely to shift upwards, initially aiming for 20,194 and potentially reaching as high as 20,714.
TURNING LEVEL : 19,954
Nasdaq Thoughts 13-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100USD / UNDER BULLISH PRESSURE - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
after breaking a turning level NAS100USD remain under bullish pressure .
After breaking a critical turning level at 19,088, the current price movement is attempting to reach the first resistance level at 19,535. If this level is surpassed, the next potential target is 19,844.
However, if the price breaks below 19,088 on a 4-hour candle, a decline toward 18,688 is anticipated. Should the price stabilize below 18,688, further downside pressure could lead to a drop towards the next support level at 18,317.
TURNING LEVEL : 19,088
NAS100USD Is Bullish! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 18,343.2.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 19,114.6 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Nasdaq Thoughts 12-Sept-2024Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NAS100USD / TRADING INTO SENSITIVE AREA - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Current Market Analysis:
The current price is trading within a sensitive range, specifically between the support level at 18,688 and the resistance level at 19,088. The direction of future price movements will largely depend on a breakout on either side of this range.
- Downward Condition:
If the price breaks below 18,688 and stabilizes beneath this level, it may signal a potential decline. In this case, the price could drop to test the next support levels at 18,317 and 17,876.
-Upward Condition:
Conversely, if the price breaks above 19,088 and stabilizes above this resistance, it may indicate a bullish move. The price could then rise towards 19,535, and if momentum continues, it may further ascend to 19,844.
Upward Target :
19,535 , 19,844.
Downward Target :
18,317 , 17,876.
NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
NAS100USD is currently trading below the turning level of 19,088 , indicating downward momentum. There are two potential scenarios:
The First Scenario, the asset is trading below the turning level of 19,088, it indicates a bearish sentiment .The immediate support level is at 18,317. If the price breaks this support, the next support level is 17,876,The price staying below 19,088 suggests a continuation of the downward trend. Support levels at 18,317 and 17,876 provide potential targets where the price could find buying interest or further decline.
The Second Scenario, For an upward movement, the asset needs to break above the turning level of 19,088 and stabilize above it , If the asset closes a 1-hour candle above 19,088, it could move towards 19,535, and possibly reach 19,844,Breaking and stabilizing above 19,088 indicates a shift in sentiment from bearish to bullish. The price targets of 19,535 and 19,844 are based on potential resistance levels or previous highs that could attract further buying.
Nasdaq thoughts 10-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Important Support and Resistance Zones: 18788.2-18898.9
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The StochRSI indicator has not escaped the oversold zone.
And, since StochRSI < StochRSI EMA, I think it is not a trading period.
Therefore, the key is whether it can rise above the left Fibonacci ratio 1.902 (18788.2) ~ the right Fibonacci ratio 0.786 (18898.9) and receive support.
If not,
1st: 17854.8-18250.3
2nd: Right Fibonacci ratio 0.618 (17141.4)
You need to check whether there is support near the 1st and 2nd above.
In the worst case, I think the final range is around 16123.5-16322.6.
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If it rises above the left Fibonacci ratio 1.902 (18788.2) ~ right Fibonacci ratio 0.786 (18898.9) and receives support,
1st: 19582.6
2nd: 20313.8
You can trade depending on whether there is support near the 1st and 2nd above.
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Have a nice time.
Thank you.
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Expected flow during this volatility period
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USDT, USDC seem to have gapped up as the weekend approaches.
I think the gapped up is a sign of funds flowing into the coin market.
The rise in USDT dominance is likely to lead to a decline in the coin market.
However, since funds flow into the coin market through USDT, I think that USDT dominance will show an upward trend in the medium to long term when considering it from a medium to long term perspective.
When funds flowing into the coin market purchase coins and tokens, USDT or USDC flow back into the exchange, which is expressed as a decline in USDT dominance.
Therefore, I think that in order for a large bull market in the coin market to begin, USDT dominance will start to decline after a large rise.
In that sense, the 4.97 point of USDT dominance is expected to be an important turning point.
If USDT dominance rises above 6.39, the coin market is likely to show a large decline.
I think that if it rises above 6.39 and then falls to the 4.97-6.39 range, the coin market is likely to form a bottom range.
My personal hope is that it will fall after receiving resistance near 6.39 ~ Fibonacci ratio 0.75.
If that happens, I think the coin market will already be on an uptrend before it is recognized as a bottom.
We need to see whether individual investors will recognize it as a bottom and give them a buying opportunity, or whether they will not give them a buying opportunity.
In that sense, I expect the volatility period around September 13 to be a meaningful period.
In fact, this volatility period is the period set on the 1W chart.
Therefore, the actual volatility period is the week before and after September 16.
In other words, if expressed as a 1-day period, it corresponds to September 9-29.
The strong support zone is expected to be around 42K-43K.
I think this is the zone that most people are expecting.
Therefore, if we give individual investors a buying opportunity as I mentioned earlier, I think it will touch around 42K-43K.
If we do not give individual investors a buying opportunity, it is expected to turn upward near the M-Signal indicator on the 1M chart.
In other words, it is expected to touch around the Fibonacci ratio of 0.707 (48064.07) ~ 0.786 (51606.42) and turn upward.
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When looking at the NAS100USD chart, we need to check if the StochRSI indicator enters the oversold zone again when a new candle is created.
The important zone is the 17854.8 point.
If it falls below this point, it is likely to touch the Fibonacci ratio 0.618 (17141.4) on the right.
Therefore, I expect the trend to form after the volatility period of BTC that I mentioned earlier.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after it rises above 29K.
The expected range to touch in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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NAS100USD / TRADING BELOW TURNING LEVEL - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
The overall trend is downward , until trading below turning level at 19,105 .
The price action points to a likely continued decline due to its inability to surpass the key turning point of 19.105, signaling persistent downward momentum. Staying under this level implies strong bearish pressure, with support levels at 18,699 and 18,351 as possible targets.
On the other hand, breaking above 19.105 would suggest a change in market sentiment towards a more bullish trend, potentially leading to a rise towards the resistance levels of 19,538 and 19,906, driven by increased buying interest and upward momentum
KEY LEVELS :
TURNING LEVEL : 19,105 .
RESISTANCE LEVELS : 18,699 , 18,351 .
SUPPORT LEVELS : 19,538 , 19,906 .
NAS100USD / UNDER BEARISH MOMENTUM - 4HNAS100USD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 19,105 .
The expectation of a decline when prices remain below 19,105 is based on technical analysis principles, where key support and resistance levels play a crucial role in predicting price movements. When prices fail to break above a resistance level like 19,105, it often indicates a lack of bullish momentum, leading to a potential drop towards the next support level, which is identified as 18,699.
If the price falls below 18,699, this would likely trigger further selling pressure, pushing the price down to 18,351. This is because breaking a key support level often leads to an acceleration of the downward trend as traders and investors react to the breach.
On the other hand, if the price manages to close above 19,105, especially on a 4-hour or 1-hour chart, it suggests a possible shift in market sentiment. This close above resistance would signal that the bulls are regaining control, and the price could then move upward towards the next resistance levels at 19,538 and 19,906. This scenario reflects the importance of monitoring key levels and timeframes to anticipate potential trend reversals.
KEY LEVELS :
TURNING LEVEL : 19,105 .
RESISTANCE LEVELS : 19,538 , 19,906 .
SUPPORT LEVELS : 18,699 , 18,351 .
NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 19,550
Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market.
Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined.
NAS100USD / buy above 19,550
SL: 19,480
TP: 19,908
TP: 20,218
NAS100USD / sell below 19,550
SL: 19,600
TP: 19,164
TP: 18,751
Nasdaq Thoughts 03-Sept-2024Good morning, traders! I'm excited to share my Nasdaq trading zones with you today, packed with potential trading opportunities. Dive in to uncover valuable insights for opening positions, but remember, these are merely guidance - not signals. Use them at your own discretion and risk. Happy trading!
Nasdaq thoughts 02-Sept-2024Happy New Month all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
USNAS100 / BREAKOUT SUPPLY ZONE !!! - 4HNAS100USD / 4H TIMEFRAME
HELLO TRADERS
Tendency , prices is under upward pressure , until trading above turning level at 19,559
Upward Condition : The price is currently experiencing bullish momentum. As long as it remains above the 19,559 turning level , it is likely to move upward toward the resistance levels of 19,779 and then 20,097.
Downward Condition : To reach the 19,210 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 19,559. If it stabilizes below support level (1) , a further decline toward the support level (2) at 18,690 can be anticipated .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 19,770 .
RESISTANCE LEVEL (2) : 20,097 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 19,210 .
SUPPORT LEVEL (2) : 18,690 .
TURNING LEVEL : 19,559 .
Bearing trend turning point: 19250.0Hello, traders.
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Please also click "Boost".
Have a nice day today.
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(1D chart)
The key is whether it can receive support near the left Fibonacci ratio 2 (19441.0) and rise above 20313.8.
If not, and it falls below the M-Signal indicator on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.
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Since the StochRSI indicator has turned downward, it is important to see whether there is support at the current price position.
Since it has turned downward, it is likely to lead to further decline.
Therefore, if it does not receive support, it is likely to lead to further decline.
At this time, the important thing is whether there is support near the M-Signal indicator of the 1W chart.
The final downtrend point is the HA-Low indicator point of the 1D chart, and the current HA-Low indicator point is 18250.3.
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(Renko 1D chart)
As you can see from the Renko chart, the downtrend turning point is at 19250.
Therefore, in the general chart above, there is a possibility that it will touch the M-Signal indicator part of the 1D chart and bounce.
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Have a good time.
Thank you.
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