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OCGN pumps on dismissal of investor lawsuit LONGOCGN has been a great swing trade after buying bad news. The good news has replaced the bad. Earnings are in three days. Price well below ATH. November earnings were a beat meaning this risky Med Tech penny stock had a lower cash burn than projected. Now legal costs will disappear. Going long with a decent position expecting a better earnings. In law, the Latin phrase res ipsa loquitur is sometimes used. Here it aptly applies to Ocugen.
NASDAQ:OCGNLong
by AwesomeAvani
1
❤️GOLD pulls back before $2,100❤️❤️MY FOREX TEAM❤️ INFORMATION Gold is taking a breather after testing the three-month high at $2,088 in early Asian hours on Monday. The US Dollar is looking to find its feet alongside the US Treasury bond yields, as markets resort to repositioning ahead of the high-impact economic events from the United States this week. 💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold pulls back before re-attempting $2,100 ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSD
by My_Forex_Team
❤️XAUUSD Retest 2050❤️❤️MY FOREX TEAM❤️ INFORMATION XAU/USD looks to test $2,050 ahead of key US data 💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold price bounces toward two-week highs of $2,041 early Tuesday. US Dollar sags with US Treasury bond yields, as key economic data awaited. Gold price teases a pennant breakout and Bull Cross on the 4H chart. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDLong
by My_Forex_Team
🏆 XAUUSD 🏆 ✅Two week high❤️MY FOREX TEAM❤️ INFORMATION Gold price hangs near multi-day low, downside remains limited amid modest USD weakness. 💲BUY GOLD 2009-2013 💲 SL @ 2003 TP 1 @ 2016 TP 2 @ 2025 TP 3 @ 2030 TP 3 @ 2038 💲SELL GOLD 2035-2040 💲 SL @ 2045 TP 1 @ 2034 TP 2 @ 2025 TP 3 @ 2020 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold price retreats further from a nearly two-week high amid the Fed's hawkish outlook. The risk-on mood also undermines the XAU/USD, though geopolitical risks limit losses. A subdued USD price action also warrants caution before placing aggressive bearish bets. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
EURJPY Uptrend If Breaks❤️MY FOREX TEAM❤️ INFORMATION EURJPY if it broke and close above the key. The growth may continues Resistance - 163.44 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE FOMC MINUTES make changes to current trend ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Long
by My_Forex_Team
XAUUSD 🔥Small Short Then Up🔥❤️MY FOREX TEAM❤️ INFORMATION Gold is trading on the back foot below $2,020 early Tuesday, following a positive start to the week and logging a three-day recovery rally. The XAU/USD price upside seems likely capped by a renewed uptick in the US Dollar and the US Treasury bond yields. 💲BUY GOLD 2002-2010 💲 SL @ 2000 TP 1 @ 2016 TP 2 @ 2020 TP 3 @ 2030 TP 3 @ 2038 💲SELL GOLD 2035-2040 💲 SL @ 2045 TP 1 @ 2032 TP 2 @ 2027 TP 3 @ 2018 Everyone success..👍👍👍 ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE XAU/USD holds above $2,000, PBOC rate decision, FOMC Minutes eyed ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDLong
by My_Forex_Team
1
XAUUSD Trendline Downside❤️MY FOREX TEAM❤️ INFORMATION Gold price is set to finish the week with losses, even though has recovered some ground. According to the daily moving averages (DMAs), XAU’s is upward biased, but since reaching $2088 on December 28, it has printed successive series of lower highs/lows, opening the door for further downside. If XAU/USD prints a daily close below $2000, that could sponsor a leg-down to the 100-DMA at $1996.10, followed by the December 13 low of $1973.13. A breach of the latter will expose the 200-DMA at $1965.46. 🔥BUY AND SELL SIGANALS UPDATE ON MONDAY ❤️MY FOREX TEAM - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Geopolitical Tension week gold in downtrend ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
CADJPY Short❤️Forex Besties❤️ INFORMATION The cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. NEXT TARGET IS 110.93 Everyone success..👍👍👍 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Short
by My_Forex_Team
XAUUSD Geopolitical Tensions❤️Forex Besties❤️ INFORMATION Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD. Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal. 💲BUY GOLD 1980-1975 💲 SL @ 1970 TP 1 @ 1985 TP 2 @ 1990 TP 3 @ 2000 💲SELL GOLD 2013-2017 💲 SL @ 2022 TP 1 @ 2007 TP 2 @ 2000 TP 3 @ 1993 Everyone success..👍👍👍 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE Gold price attracts some buyers amid sliding US bond yields and subdued USD price action. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
FOREXCOM:XAUUSDShort
by My_Forex_Team
AUDJPY BEARISH❤️Forex Besties❤️ INFORMATION The strong short-term decline in AUD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 97.47 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 97.04 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 96.80 JPY as an objective. Crossing it would then enable sellers to target 96.41 JPY. Be careful, a return to above 97.47 JPY could jeopardize the reversal. 🔥SELL AUDJPY 97.800 - 98.900 SL @188.127 ✅TP 1 @ 97.600 ✅TP 2 @ 97.300 ✅TP 3 @ 97.100 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction. ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Short
by My_Forex_Team
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon had a pullback likely to rake profit for the weaken. Money flow and relative strength are decent but settled down. So will this penny awke up next week and try to move toward its high of the week or will it fall lacking attention from distraction by technology stock earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was a highly significant news catalyst early in the week. This news is a possilbe game changer. Over the intermediate term, despite any analysts' forecasts this could do 10X by summer. As to next week, who knows but with an overshoot on the retracement and now below the the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to the mean which just happens to be 1.00 ( a convenient "psychological level.). As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at the low of the week each week for several. I understand the news catalyst and believe this penny IT will get a begin growth spurt in little time at all.
NASDAQ:WIMILong
by AwesomeAvani
PLCE crash and flush on pre-emptive warning from executives LONGPLCE as shown on the 30 minute time frame had a "waterfall" event when a bad news catalyst hit the wires. Executives announced earnings issues one month out from the report due about March 14th. Maybe is real and may not. The are no filings available to show any insider sell- off unlike what is going on at General Dynamics at its all-time high. Could those executives push traders to bail on the stock, force it to crater and then buy even more at the bottom or have friends and family help them if they are well informed ? Who knows ? Does the CEO of TSLA have a plan to help share prices drop so when his new compensation plan is set up he gets even more shares and price rises to make his unrealized losses magically disappear. Is there manipulation in the market ? Is this a case of it ? Anyway enough said. PLCE is in early reversal and recovery. It has crossed the moving averages on the chart and there is a massive volume of buyers scooping from the bottom in the closing Friday afternoon. I was one of them. My shares and options are few. ( compared with the CEO/COO/CFO guys at Children's Place.- they typically buy 100,000 shares at a pop - after all they have the confidence of already knowing what is going on inside) I typically want to see 2-3X relative volume to put on a big position. This is 4X. Seems the risk is low compared with a 60% upside back to price levels before the news. Price has already recovered partially. My stock trade is 5% above break even after less than a day and now has a 3% trail stop so I don't need to pay attention to it. The call options targeting $19 for March 16th are up 16% in the first day. I will sell to close a day or two before earnings to hedge my suppositions. If earnings are as bad as these executives say. The call options will plummet. My alternative is to keep the call options running but hedge them with a single put option below ITM for a strike OTM expiring the same day setting up a strangle to take much of the risk way. In that case, the call options would still fall with a bad earnings miss but the put option will provide insurance buffering the loss. It remains to be seen how this plays out and I will check for SEC filings at intervals. For now, I will chase the relative volume because it is higher than the typical for similar scenarios. Best of luck to any traders who take this trade.
NASDAQ:PLCELong
by AwesomeAvani
1
Tesla Here at Key Support at 180-187I published this chart when NASDAQ:TSLA was back up to the "Earnings Level" back in September near $280 and pointed out that it was up against "Key Resistance" and here we are 4+ months later and we have had two more earnings reports and Tesla has fallen back down to another important "News Level" that I labeled "Moody's Upgrade Level". The reason that Moody's Upgrade level is so important is that it is the level where institutions could actually begin to consider investing in Tesla debt, which at the time was junk-rated, aka 'non-investment-grade' to say it nicely. Why that was important is that it would open the doors to Tesla getting financing at lower rates should they need it and even though Tesla didn't need to borrow any money at that time, the upgrade gave Tesla credibility where they didn't have it before. For many years there were roadblocks to Tesla selling shares to raise the capital to build plants and grow the business and Tesla had to pay higher than average rates. The Moody's level can start on March 17th, the trading day before the news hit at the lower purple line at $180.13. The other technique is to use the mid-point of the day that the news hit and the next day and that puts $176.35-198.00 as the range or $187 as the Key Support level. You can see how the market reacted to that level multiple times before breaking out in late May on its run up to $299.29. The entire Tesla story has changed dramatically since they have almost paid off all of their debt and also have accumulated $29.1 billion in cash and short term investments from profits over the past three years. This puts Tesla in a position unlike any other profitable auto company where cash exceeds all debt and capex plans over the next few years. The next stage of the Tesla growth story will be from new manufacturing processes, new batteries, new software and the new CyberTruck just hitting the road since December only a month ago. Stay tuned. Since I have been following Tesla daily since it went public over 10 years ago, it has been a marathon of headwinds against the company and against Elon. Granted there is plenty of truth to many of the issues that end up in the news, but what I have found is that bias and downright frustration by advertisers, analysts, competitors and short-sellers has played a bigger role in slowing Tesla's success. I hope you enjoy the "Earnings Level" indicator which is now *FREE* here at TradingView after being a paid-only indicator that I created many years ago. Other services have tried to copy it but the original is here at TradingView, the best software for visualizing and graphing data anywhere.
NASDAQ:TSLALong
by timwest
4
BITCOIN Analysis & Forecast 11.3.23 (AI Assisted)Watch the video version to see how this was generated ... your mileage may vary !!! . . .   . . .   . . . Key Statistics and Technicals: - Bitcoin Price: $34,474.71 (A drop of $516.32 or -1.48% for the day) - Day's Range: $34,347.89 - $34,997.81 - 52 Week Range: $15,479.25 - $60,324.21 - Volume: 94 - Average Volume (10 days): 370 - Market Cap: $673.041B - FD Market Cap: $723.638B Performance Metrics: - 1 Week: +0.82% - 1 Month: +25.57% - 3 Months: +16.65% - 6 Months: +19.65% - YTD: +108.73% - 1 Year: +70.95% FUNDAMENTAL ANALYSIS: News headlines reveal a mixed sentiment. On one hand, there are articles suggesting potential upside (e.g., "Bitcoin could be getting ready for a strong bull move"), while others indicate possible drawbacks (e.g., "Bitcoin price in risky territory; BTC faces "massively overvalued" stock"). The day's range, which is a difference of 654.92 USD, suggests a relatively moderate intraday volatility. Considering the 52wk range, Bitcoin is trading near its 52-week high, which can be an indicator of bullish momentum, but it also brings an increased risk of a correction or pullback. Another critical aspect to consider is the broader macroeconomic environment.  Several news articles allude to potential regulatory changes, institutional involvement, and specific events that might influence price (e.g., "PayPal freezes Crypto kiosk after brief sell-out boom" or "Argentinian Presidential Candidate's Plan to Mine BTC Stirs Debate"). Positive Sentiment - - "MicroStrategy gains $500 million with Bitcoin rise in Q3 2023." - "Spot ETF 'undoubtedly' launch isn't guaranteed to sink Alts, Analysts say." - "Bitcoin hits new ATH at $36,000 as rally seems unstoppable." - "BTC hitting $34k could spell good news for altcoins." - "Bitcoin's price is mostly flat as Fed holds rates steady, denies macro shift." Negative Sentiment - - "Is Bitcoin due a "significant" correction?" - "ETF launch stokes fears Bitcoin and Ether trading with flash crash risks." - "New BTC price 'breakouts see Bitcoin traders' caution lengthens to six-week." - "Crypto volatility surges; Analysts say be ready for a drop." - "Bitcoin's price volatility hints another increase 'On the Cards'?" Weighting - - Positive Sentiment: 40% - Negative Sentiment: 60% - Technical Indicators: Neutral with a tilt towards Strong Buy Upside Potential - Given the recent all-time high and positive sentiment from various news outlets, there's potential for BTC to retest its recent high at $36,000. Based on current momentum and historical performance, this could happen within the next 2-3 weeks. Probability: 60% Downside Potential - Considering the mixed sentiments and potential for a significant correction, BTC might see a drop towards the $32,000 - $33,000 range in the short term. This pullback might offer a buying opportunity. Probability: 40% Misc. Observations - Bitcoin (BTC): Currently, at $35428.53, it's up by 2.22%. Its dominance stands at 53.98%. The total market cap excluding BTC and ETH is at $368.143B. Highest Gainers: - Alchemy Pay / United States Dollar: +20.64% - CELO / US Dollar: +11.06% - Amp / United States Dollar: +8.70% Highest Losers: - XDC / Dollar: -3.27% - Tezos / United States Dollar: -3.30% - Gods Unchained / United States Dollar: -1.04% High Volume Movers: - Crypto Total Market Cap Exclude BTC and ETH: 88.333B - Bitcoin / U.S. Dollar: 283.834K - Litecoin / U.S. Dollar: 267.107K Bitcoin remains a dominant force with more than half of the total crypto market share. PoW cryptos such as Ethereum Classic and Horizen are seeing positive traction. Amp, under the Currency/Remittance category, has a significant volume, making it one to watch closely. Among investment-grade cryptos, CELO's 11.06% increase is notable, indicating increased interest or potential news driving the spike. Contrarian Perspective: High gains like those seen in ACH and CELO might face corrections. High gains in a short time frame can sometimes indicate overbuying, leading to potential profit-taking shortly after. Bitcoin's dominance, while significant, means that a downturn in its price can significantly influence the entire crypto market. . . .   . . .   . . . INDICATOR SUITE: Tesla Coil: - len: 23.39 - 3xlen: 70.17 - len mirror: 16.61 - 3xlen mirror: -24.3 - average mirror: -5.06 - average: 34.94 Rate-of-Change (RoC): - RoC: 32.74 - RoC + Signal Line Cross Up: 0.00 - RoC + Signal Line Cross Down: 0.00 - Various other sub-indicators including Bull, Hidden Bull, etc. ATR + sma histogram: - Histogram: 367.34 - ATR: 1102.50 - SMA: 735.16 OnBalanceVolume (OBV Cross): - OnBalanceVolume: 7.579M - Smoothing Line: 7.473M Volume Analysis: - Various plots ranging from 0.00 to 57892.77 HVol (dcedcow): - Volume: 10.37K RVol Pro: - Value: 10.37K Range Analysis - By Leviathan: - VWAP: 27830.88 ADP: - Primary ADP: 73 - Secondary ADP: 71 - Primary Signal Line: 71 - Secondary Signal Line: 68 Discretionary Weightings: Given the information and its relevance to Volume Spread Analysis (VSA) and Volatility … - OnBalanceVolume (OBV): High importance. OBV measures the positive and negative flow of volume in a security relative to its price. - ATR: High importance. Captures an asset's volatility. - RoC: Medium importance. Measures the percentage change in price from one period to the next. - Tesla Coil: Low to medium. Provides multiple layers of data related to price action. Technical Analysis of Indicators: - Tesla Coil: The chart seems to be in a consolidation phase, with the coil suggesting a possible breakout soon. - Rate of Change: The ROC is relatively stable. This stability may suggest that the prevailing trend, be it bullish or bearish, is likely to continue. - Average True Range: The ATR has remained consistent, suggesting that the current level of volatility is sustained. A higher ATR suggests increasing volatility, which might mean Bitcoin is experiencing significant price swings. - On-Balance Volume (OBV): OBV indicates net buying/selling pressure. A declining OBV hints at a potential trend reversal, as volume precedes price. The OBV value is quite close to its smoothing line, indicating a balanced sentiment in the market. - Time-Segmented Volume: This appears to be more bullish, suggesting institutional buying. - Volume Spread: We see periods of high volume spread, indicating strong buying and selling forces. - Accumulation/Distribution: The line suggests more distribution than accumulation recently, a potential bearish signal. Price Projection: Given the current trend and indicators … - Upside Potential: BTC could test its recent ATH at $36,000. Based on current momentum and external factors like institutional involvement, there's a 60% probability of reaching $36,500 within the next 2-3 weeks. - Downside Risk: Considering negative news sentiment and potential regulatory challenges, BTC might face support at around $32,000. If this support breaks, we could see a further decline to $30,000 with a 40% probability over the next month. Insights & Actionable Suggestions: - Volatility & Volume: The ATR of 1102.50 indicates a high level of volatility for BTC in its daily price movement. The current volume is below its 10-day average, suggesting lower trading activity. - RoC Indication: A positive RoC of 32.74 suggests the price momentum is currently bullish. - OBV Insight: The OnBalanceVolume is slightly higher than its smoothing line, indicating that volume on up days is generally outpacing volume on down days. This can be a bullish sign. - Performance Metrics: BTC has seen a robust performance YTD with a growth of 108.73%. It's essential to note that despite short-term fluctuations, the long-term trend over the past year has been bullish. Visual Representation: For a visual, consider plotting the mentioned levels on your chart - - Support at $32,000 (red line) - Resistance or next target at $36,500 (green line) - Current price at $34,522.66 (blue line) - Potential zones of interest (in a shaded region) between the support and resistance. Additional Indicator Suggestion: Considering the current market conditions and to get a better understanding of the underlying trend strength, I'd suggest incorporating the Directional Movement Index (DMI). DMI can help ascertain if the trend is strong or weak, and when used with the ADX line, it can further validate the strength of bullish or bearish sentiments. This could be pivotal in the given circumstances where the market appears to be at an inflection point. Lastly, given the data at hand, what are your thoughts on the potential for Market Makers or institutions manipulating the current BTC price, especially considering the evident bullish sentiment? Do you believe there might be an underlying play to hunt for retail liquidity? . . .   . . .   . . . PRICE ACTION ANALYSIS (1D): Initial Observations: - Volume Profile: The chart showcases a fixed range volume profile to the left. The Point of Control (POC) - the price level with the most traded volume - is clearly visible around the 24848.00 mark. - Volume-at-Time Histogram: There’s a significant volume spike around the range of $18000-$21000, indicating a possible support level or accumulation zone. - Accumulation/Distribution & Time-Segmented Volume: The accumulation/distribution line is gradually inclining upwards, suggesting a net inflow of volume or accumulation. The time-segmented volume also points towards a bullish sentiment. - Tesla Coil & Average True Range (ATR): The Tesla Coil's movement seems relatively stable. ATR, representing volatility, is increasing, suggesting possible strong price movements in the near term. - Price Action: The recent price action exhibits a bullish momentum, breaking through a significant resistance level. VSA-Derived Forecast: - The strong accumulation and high traded volume at lower price levels hint at a bullish sentiment among traders. Institutions or market makers seem to have absorbed selling pressure around the $18000-$21000 range. - The upward trend in accumulation/distribution points towards a continued bullish trend. - Given the elevated ATR, expect larger price swings, both up and down, in the coming days. Reconciliation with 1D Price Chart: - The price is currently moving within an upward channel. Its recent breakout indicates a potential continuation of the bullish trend. - While the price is approaching a Fibonacci level, considering the strong volume and accumulation signs, it's likely to test the next Fibonacci level upwards. - The intersection of the VWAP at 24848.00 with the POC can act as a significant support level in the event of a pullback. Improved Forecast: Upside Potential: Given the strong bullish sentiment from both VSA and price action, expect Bitcoin to test the 0.236 Fibonacci level in the near term, which could act as a minor resistance. On breaking this, it could move towards the 0 level. - Entry Point: Current level or on a minor pullback to the recent breakout zone. - Stop Loss: Just below the VWAP at around 24000. - Profit Target: 0.236 Fibonacci level as the first target and 0 level as the next target. - Risk:Reward: Approximately 1:3, given the distance between the current price and the stop loss compared to the potential upside. - Time Horizon: 2-4 weeks. - Probability: 70% for reaching the 0.236 level, 50% for reaching the 0 level. Downside Potential: If there's a reversal, expect Bitcoin to find strong support around the VWAP (24848.00) due to the volume profile. - Entry Point: If the price fails to maintain the breakout level. - Stop Loss: Above the recent high. - Profit Target: 24848.00. - Risk:Reward: Approximately 1:2.5. - Time Horizon: 2-3 weeks. - Probability: 30% given the current bullish sentiment. . . .   . . .   . . . PRICE ACTION ANALYSIS (1W): The 1W (weekly) chart provides a wider perspective and thus offers a broader context to the previous 1D (daily) view. Here's a detailed analysis: 1. Price Action Analysis: - Fibonacci levels: On this broader scale, we observe Bitcoin's price respecting various Fibonacci levels, notably the 0.236 and 0.618. - Structure: The significant pullback after the previous bullish run suggests a possible correction or consolidation phase. 2. Volume Spread Analysis (VSA): - Volume-at-Time histograms: There's a clear Point-of-Control (POC) around the $27,650 level, indicating it's a key price point where a significant amount of trading has taken place. - Accumulation/Distribution: The accumulation phase seems prominent before the surge that occurred around late 2020, suggesting institutional involvement. Post-2020, we see a distribution phase followed by a consolidation pattern. - On Balance Volume: This shows that the volume is moving with the trend. The current trajectory indicates possible accumulation. 3. Volatility: - Tesla Coil: Notably calmer, implying reduced volatility on the longer time frame. - Average True Range (ATR): Volatility seems to be tapering off from previous highs. This reduction in volatility on a weekly chart could imply a significant move is brewing. 4. Trend Exhaustion: - We're witnessing signs of consolidation post the previous rally. The intersecting points of the VWAP and other tools can provide potential points of volatility, which we should monitor closely. Given this wider perspective: Upside Potential: The break above the VWAP around $27,650 and stabilizing above the 0.236 Fibonacci level suggests potential for upside momentum. A break above recent highs could target the next Fibonacci level at 0.618. - Entry: Around the current price level. - Stop Loss: Below the 0.236 Fibonacci level. - Profit Target: Just below the 0.618 Fibonacci. - Risk:Reward: Approximately 1:2.5. - Time Horizon: 3-6 months. - Probability: 60%. Downside Potential: If Bitcoin's price fails to sustain above the VWAP and breaks below the 0.236 Fibonacci level, we could see a further decline towards the lower Fibonacci levels. - Entry: On confirmed break below 0.236 Fibonacci. - Stop Loss: Above recent swing high. - Profit Target: Next Fibonacci level below. - Risk:Reward: Approximately 1:2. - Time Horizon: 2-4 months. - Probability: 40%. Additional Indicator Suggestion: Given the importance of trend direction in this scenario, consider integrating the Parabolic SAR (Stop and Reverse) for this timeframe. The Parabolic SAR can provide dynamic entry and exit points and can be particularly useful in trending markets. . . .   . . .   . . . PRICE ACTION ANALYSIS (1h): Volume Spread Analysis (VSA): - Volume Profile: A prominent high volume node appears around $33,000, indicating a strong support level. The Point-of-Control (POC) is visibly marked and rests just above this. - Time-Segmented Volume: There's a noticeable surge in volume during the rapid price ascent, followed by a decline, suggesting a possible buying exhaustion. Volatility: - Tesla Coil: Relative stability is observed with slight periodic spikes, indicating contained volatility. - Average True Range (ATR): No drastic peaks, which suggests that the price movement remains within a typical range for the time being. Trend Exhaustion: - The price is approaching the upper Fibonacci level (0.236). Should it break, we might expect a rally towards the next Fibonacci level (0.382). However, the consistent touch-points without breakthrough hint at resistance. - The VWAP (Volume Weighted Average Price) sits below the current price, suggesting the asset is trading at a premium. Indicators: - On Balance Volume (OBV): Displays an uptrend, suggesting buying pressure. However, the recent flattening can be a sign of a possible decline in this momentum. - Volume Spread: The lack of prominent bearish bars with increased volume indicates that selling pressure isn't dominant. Forecast & Trading Strategy: -Short-Term Bullish Scenario (60% probability): - Entry: $34,200 - Stop Loss: $33,400 (near the high volume node for support) - Profit Target: $35,500 (approaching the 0.236 Fibonacci level) - Risk:Reward: 1:2.6 - Time Horizon: 24-48 hours. -Short-Term Bearish Scenario (40% probability): - Entry: $33,800 upon breaking below the support. - Stop Loss: $34,200 - Profit Target: $33,000 (next volume node) - Risk:Reward: 1:2 - Time Horizon: 24-48 hours. Session-Based Volatility:Considering typical crypto market behavior, anticipate increased volatility during the overlap of the Asian and European sessions and the opening of the New York session. Trading windows: - Asian-European Overlap: 6:00-9:00 UTC - New York Session Opening: 13:00-15:00 UTC Questions: - Are there any macroeconomic events or news catalysts anticipated which might influence BTC's price action during our forecasted horizon? - Considering your strategy revolves around Market Makers and institutional manipulation, have you noticed any recent patterns or behaviors in other assets that might indicate a larger play in Bitcoin? . . .   . . .   . . . PRICE ACTION ANALYSIS (15m): Price Action: The recent sharp decline indicates a strong bearish momentum, though the price has started consolidating within the $33,800 to $34,600 range. This consolidation is a good sign, showing that the decline might be temporary, or at least, we might experience some sideways movement for a while. Volume Spread Analysis (VSA): - We can spot a series of high volume spikes during price declines, indicating potential buying pressure or accumulation. The high volume during the decline around the 29th and subsequent upward movement confirms a potential bullish outlook. - The Point of Control (POC) shown appears to be a significant support level where most trading has occurred. Prices tend to gravitate towards the POC, so this can be a potential target in retracement scenarios. Indicators: - Tesla Coil: Shows signs of potential volatility with multiple peaks, but currently, it's maintaining stability, hinting that the current volatility is diminishing and suggesting we might be entering a phase of price consolidation. - Rate of Change (ROC): It's fluctuating around the 0 line, signaling a probable shift in momentum. However, the current consolidation means a lack of directional bias. - Average True Range (ATR): Seems to be decreasing, aligning with the Tesla Coil's inference. - On-Balance Volume (OBV): A mild decline is noticed, hinting that selling volume has been slightly overpowering buying volume, but not decisively so. - Time-Segmented Volume: The chart indicates more buying during certain periods, suggesting institutional interest at these levels. - Volume Spread: Shows accumulation rather than distribution, reinforcing the bullish bias. - Accumulation/Distribution: Displays a divergence. Even though the price made a lower low, the A/D made a higher low, suggesting underlying buying pressure. This could suggest potential upside if this trend continues. Harmonic Patterns: There's a completion of a bullish harmonic pattern (potential Gartley or Bat) with the price touching the 0.786 retracement level and bouncing back, reinforcing a potential bullish move. Several harmonics appear to have reached completion, suggesting potential reversal zones. The intersection of these patterns with session-based volatility peaks can give ideal entry and exit points. Session-based Volatility: - It's evident that the price experiences heightened volatility during the overlap of the Asian (Tokyo) and European (London) sessions, and similarly, during the overlap of the European and American (New York) sessions. This suggests two potential windows for scalping opportunities: One shortly after the Tokyo open (when European traders are still active) and another after the London open (when American traders enter the fray). Forecast and Trading Windows: - Short-Term Bullish Bias: The recent bounce from the 0.786 level suggests a move towards the 0.382 and 0.236 levels as immediate targets. For scalping, consider long entries on pullbacks near significant support zones, like the POC or the lower boundary of the pitchfork. Entry Point: Around $34,600 (near POC) Stop Loss: $34,400 (below the recent swing low) Profit Target 1: $34,800 (0.382 level) Profit Target 2: $35,000 (0.236 level) Risk:Reward: Approximately 1:2 and 1:4 for the two targets, respectively. Time Horizon: Given it's a 15m chart, this strategy might play out in the next 12-36 hours. Probability: Medium-High. Multiple indicators and VSA align with this bullish outlook, but always be prepared for unexpected events, especially in the crypto space. Enhancements based on the 15m chart: - The shorter timeframe provides a granular view of price movements and allows for precise identification of entry and exit points. - The session-based volatility observed aligns with typical forex market behaviors and can be used strategically for scalping. Forecast: Given the indicators and chart patterns, there's a probable upside potential in the short term. The price might test the $34,600 resistance before determining its next move. Trade Recommendations: - Long Position: - Entry: Around $34,100 (after confirming the breakout of consolidation) - Stop Loss: $33,700 (below the 0.786 Fibonacci level) - Profit Target: $34,600 - Risk:Reward ratio: Approx. 1:2 - Time Horizon: 24-48 hours (given the 15m timeframe) - Probability: ~60% (based on current indicators and patterns) Contrarian Perspective: While multiple signs point to a short-term bullish move, it's crucial to consider the flip side. The price could reject the upper boundaries of the pitchfork, and a decrease in volume could indicate fading buyer interest. A clear break below the POC might negate the bullish outlook. Remember to adjust positions based on real-time data, especially during high volatility sessions. Your thoughts? . . .   . . .   . . . Trade Ideas: 1D Chart - Swing Trading The fixed range volume profile indicates substantial support in the vicinity of $32,500, making it an optimal region for establishing a position. The VWAP, marked at $24,848.00, acts as a historical average price, and the current price is well above this level, showing bullish sentiment. The intersection of Fibonacci levels with price action is noteworthy, especially around the 0.236 region. Accumulation/Distribution indicates a strong buying pressure, and the Tesla Coil along with Average True Range confirms the present volatility. -Optimal Long Position: - Entry Point: $34,400 (nearest to the day's low with support indicated by the volume profile). - Stop Loss: $33,500 (just below daily ATR value, providing a buffer). - Profit Target: $36,000 (near the 52-week range midpoint). - Risk:Reward Ratio: 1:3. - Time Horizon: 2-3 weeks. - Probability: 65%. Short Position: Though the current trend is bullish, potential trend exhaustion can be anticipated by observing the Price Action with Fibonacci channels and overlapping Pitchforks. The region above $36,000 might act as a strong resistance given the proximity to the 52-week high and the subsequent volume gap. -Optimal Short Position: - Entry Point: If Bitcoin drops below $34,200. - Stop Loss: $34,700 (considering day's high). - Profit Target: $32,500 (slightly above the ATR's lower range). - Risk:Reward Ratio: 1:3.5. - Time Horizon: 1-2 weeks. - Probability: 35%. . . .   . . .   . . . 1h Chart (and below) - Scalping - Long Position: - Entry Point: A buy order slightly above the recent consolidation zone, around $33,200. - Stop Loss: $31,500 (Just below the Point of Control). - Profit Target: The first target is at the next volume void around $34,700. A secondary target, if momentum persists, is at $36,500. - Risk:Reward Ratio: For the first target, the risk:reward is roughly 1:3. For the secondary target, it's approximately 1:6.5. - Time Horizon: Given the 1-hour chart, anticipate this trade to play out in the next 12-48 hours. - Probability: Estimating a 65% chance of reaching the first target and a 40% chance of hitting the secondary target, given current consolidation and volume analysis. . . .   . . .   . . .
INDEX:BTCUSD
by TheLeadingIndicator
1
SHR/USDT finally reaches its bottomSharering has just announced some massive news, namely that they have been certified as a digital identity services provider in the UK, which means they are now able to offer their digital identity solution for labd registry purposes in the UK. In other words, they have essentially partnered up with the UK government. cointelegraph.com We are talking about a coin with currently a $3.5m marketcap. This news comes right as the chart has formed a perfect double bottom pattern on the weekly, and is sitting near the all time low. I think buying SHR right now carries relatively low risk for how small of a marketcap the coin has, because it is already completely bottomed out, and once people catch a glimpse of this news and the chart, they will for sure feel some FOMO. The only thing currently preventing this coin from starting the inevitable moonshot, is the fact that this news is going completely under the radar and nobody is talking about it. Once this chart starts to take off, there is some huge potential profit to be made. A 10x could just be the beginning.
Long
by jariii
Can The Dollar Push Higher? Hey traders, welcome back. The dollar is increasing heavily to the upside as I make this video. Now we don't know how price will close but it is important to watch how she closes today. If price continues this could affect the major currency pair market in a mighty way. All Base dollar pairs could continue to increase while Quote dollar pairs could continue to decrease. It's a patience game right now, but may be one to play if you have the right hand.
TVC:DXYLong
by ShaquanLopez
2