US30 Outlook 9/18Bullish then bearish on indices this week, the bearish leg may come this week, however it is possible that the retracement will take the entire week with the drop coming the following week.
Outlook
US500 Outlook 9/18Bullish then bearish on indices this week, the bearish leg may come this week, however it is possible that the retracement will take the entire week with the drop coming the following week.
ORACLE finally pushed back from the support lineTarget horizon: 1-2 months
Target: $84
Stop order: $72
Technical analysis
The share price has pushed away from the local support line. Idea for the growth of the paper with a target of $84. The profit/risk ratio is 3.00.
Fundamental factor.
Oracle is a U.S. corporation, the second-largest software producer by revenue, the largest producer of software for organizations, and a major provider of server hardware. The company will report financial results for the first quarter of fiscal year 2023 today, Sept. 12. Analysts expect revenue of $11.33 billion and earnings per share of $1.08. If the report beats analysts' exp ectations and the company's management gives a good outlook, the market could put that positive value on the company.
🎯 EURUSD, BITCOIN, OIL and more. Quick weekly outlook. 🎯👋 Disclaimer: All ideas here are for educational purposes only, not financial advice. Your trades are yours only, and your complete responsibility. I'm not particularly bullish or bearish on any given instrument, and I don't have a "fixed" bias. I'm just following the strategy I learned from my teachers and that's all. We can have completely different views on the market and still both make profits. Everything here should be treated as a simulation.
👉I believe a trader doesn't need to predict anything, so the "right or wrong" mentality is a fundamental flaw of any beginner. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live. He's right only when he executes the system, and he's wrong only when he's taking random setups.
Thank you for being here, I hope I'll be able to help you become better at trading.
EUR/USD Range!The H1 chart shows that the pair only experienced a false breakdown below the pivot point of 0.9980, through the previous low, and now above the previous highs.
The weekly R1 (1.0070) is being challenged by EUR/USD, and it may soon reach the important level of 1.00900. If the price can't stay below parity, it might try to continue its upward trend.
Good Luck!
EMAMI REALTY - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
WATCH DXY FOR THE WEEK AHEADCurrently we are at a very important Level for the DXY (US-Dollar Index).
As always we have the Bullish Scenario and the Bearish Scenario in case we see a Rejection forming a double Top!
This is going to be crucial for every other asset that you are Trading like Bitcoin, EURUSD, Indices etc.
NZDCAD SETUPThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
NAS END OF WEEK REVIEW 8/26I generally do my review for the next week, but Friday was a big day so I'm documenting my thoughts. The market moved lower as anticipated, however did not think it was just going to fall off a cliff. I think we keep pushing down from here, I see areas for short term bullish price action but my outlook remains bearish into the coming month/months.
BTC OUTLOOK - Have it YOUR wayI am simply sharing some observations, I am in no way advising anyone to make any decisions and in fact, I am advising anyone reading this to verify all information as I could easily be wrong.
This is a breaking point with lots of tension and two possible setups, the outcome of every financial decision will come down on BTC, either sending it to new highs over the next year, or sending it back to 10k for a technical flush and beginning of a sloppy but still possible bullish gartley on the weekly.
I called 10k as the beginning of this rally, I also called several moves thereafter and the most recent bounce at 30k and the subsequent drop to our current 20k level, not because I have a crystal ball but because I trade what I see.
Do you see what I see???
taking the short or selling holdings to buy back in at a potentially lower price, as shown above, would be a 1:1 trade and only looking to take a portion of the "C" wave.
taking the long shown above would be a 1:3 trade and aiming for the top of the most recent "ABC" as that is the true top of the most recent range that played out on the weekly.
Trailing stops of some kind are a must!!!
BITCOIN BEAR MARKET TO CONTINUE, NO HIGHER THAN 38.5K IN 2022!The 200 DMA is a very important level for Bitcoin.
BTC under 200 DMA = bearish
Let's look at the past:
Late March 2014 - Late June 2015 = BTC was below 200 DMA, Bear market, roughly 16 months of bear market. MAJOR BEAR MARKET
March 2018 - April 2019 = BTC below 200 DMA, Bear market, roughly 14 months of bear market. MAJOR BEAR MARKET
September 2019 - April 2020 = BTC below 200 DMA, Bear market, roughly 8 months of bear market. MINOR BEAR MARKET
Late December 2020 - now = BTC below 200 DMA, Bear market, so far 6 months of bear market. MAJOR BEAR MARKET.
Going by historical trends, BTC bear markets tend to last 14-16 months, with a smaller bear market one year before halving (2019, most likely 2023)
Meaning the current bear market is likely to end roughly Jan 2023 - April 2023
Once the 200 DMA starts to come closer to the price action, they we should start seeing bullish movement. These DMA levels move slowly, if we try to draw one, it likely comes close to December 2023... however if BTC falls to 17k or lower, the DMA likely takes 1-2 more months to get to that level, so early 2023 is most likely when this happens.
It takes roughly 90 days for DMA to fall by 10k, in 180 days (roughly 24th of December), the DMA is likely to fall to 18k levels as the current pace
If we go by this chart, it makes it very unlikely that we will see prices higher than 28k after end of September 2022, and unlikely we see BTC close above 38.5k in 2022.
There is chance we could go even lower than 10k in 2022, let's not rule this out! Economic situation is quite bad and we must keep an open mind. Of course odds of going below 10k are low, but they aren't impossible
Each yellow box represents 90 days.
I drew the white lines in the yellow box a little sloppy, so it's not meant to be fully accurate but to get a general idea
Road to T3Devil is always in the details. The market reacted fairly positively as the .75 rate hike hit the market. Then we were told this is a one-time thing and the rate hikes will slow down. This is where investors may think deflation but it can't be further from the truth. We are already in a rescission. Inflation will still skyrocket over June and July. Layoffs are increasing. Powell and Yellen still believe in a soft landing. Jobs down will affect housing. The retail sales report is way down and consumers are being forced to allocate money to food, shelters, and transportation which will take big chunks out of GDP. In yesterday's meeting, Powell admitted we will only react and not be proactive to inflation. This means inflation will remain high and if data remains high they will hit the gas on hikes as they get the hot numbers coming in. This is 100% confirmation of more downturn. Receipt for an upcoming disaster... Another calm before the storm. Retail will get the impression that this is the bottom.
Commodities will not move down until liquidity is pulled from the system. So risk on as I hide in commodities and inflation stocks. I will not invest in tech and crypto. Crypto needs more companies to ZERO out before they have their rebound
Soooooooo... CONTINUATION?! Or nah...I think everythings gonna keep moving the same way! I mean, AJ might've roc'd me a bit but that 200pip move on gold was saucy! EU did me som justice too. They also BLEW TF UP AGAIN! But, its not about trading all the time, its about trading well often ;)
So with that being said, make it do what it do my trading family!! Happy trading <3
Dollar outlook for Week 23 - > DXY; USD; EUR; JPY→ All the current Outlooks are based on further weakening of the USD.
→ Outlook solely based on PA.
Wait for confirmation before entering a Trade and consider FX correlation.
-------------------
Glossary:
HTF – Higher Time Frame
LTF – Lower Time Frame
MT – Medium Term
DT – Down Trend
UT – Up Trend
BO – Break- out
PA – Price Action
CS – Candle Stick
SL – Support Level
RL – Resistance Level
TC – Trend Channel
Color Code:
Blue solid line – Actual PA Structure
Blue dashed line – Legacy PA Structure
Violet dashed line – Area of Sensitivity S/R Levels
Orange dotted line – My Alarms
BTCUSDT DECISION POINT COMING SOON.Important things to note:
I do not to expect the bloodshed in the markets to end anytime in the near future.
The credit market is still looking rough, inflation isn't great, supply issues continue.
The Fed will need to keep a hard stance until they break something, or see inflation at a level they can deal with.
BTC will stay correlated to QQQ until either it decouples via supply squeeze or market conditions improve.
You should expect the fed to pivot eventually.
I am not looking at alts at all until most likely 4 months from now.
BTC is squeezing and it will either fall to the lows we have seen or push upwards towards 33k.
The area of interest is where tons of BTC has exchanged hands. (80K BTC from LUNA).
I am not trading these levels, I am DCAing BTC only, and some Tradfi stocks.
Hey everyone! So I wanted to sit back and let the market soak in the last Fed rate hike and it digested it about as well as I imagined. With each rate hike, we have seen the markets convulse. This is mostly due to the credit market and it is stressed to say the least. Liquidity is drying up and when the Fed starts to tighten next month, it's going to been even drier than it is now. This is going to put tons of pressure on the credit market > which will put tons of pressure on the equity market > which will put tons of pressure on crypto. This is why I only expect the price to bounce around these lower levels until we see the Fed pivot (because they will have to). I am giving the Fed about 6 months until it has to skip a few rate hikes. Eventually they will be back to printing because that is their only option to keep the house of cards in place. BTC in particular will bottom likely near its cost basis of 24k (we have already gotten down to 25k BTCUSD), however it can revisit this level as many times as it takes. Something bullish to note is that 80k BTC (3B dollars worth) was dumped by the LUNA foundation and it was absorbed by the market extremely well. This has created an area of interest for me where there is a lot of gravitational pull. Price will want to go to this level, regardless if it goes down to 24 or up to 38, the area of interest will be hard to get away from in the short term. If you are wondering who is selling, it is mostly forced sellers (like LUNA), and funds that are rebalancing due to increased risk on their portfolios. This is why I am taking the opportunity to buy every BTC I can from them at these levels. That is my main focus for the next 4 months at least, then I will have my eye on alts. This is my personal timeline based on what I see in the market at the moment. I will continue to keep you all up to date with the market and I hope you enjoyed this chart! Thanks again everyone!
So tell me what you think?
Not financial advice. Do your own research.
Neutral outlook on ETHERIUMBuy the dip is a familiar term which is often associated with crypto, we've seen price neatly bearish since April and we are currently at a very major level of support in the market, we are likely to see a range as of now.
IF Price breaks above or below structure, we can begin to see a clear way forward.
FOR NOW, it's best to wait
S&P500 Future OutlookIf this week closes above $4500 for the SP500 it would be a bullish engulfing week.
So far, for the past few weeks we've been going sideways between $4400 and $4550 on a weekly closing basis as the volume declines. The volume declining as the price consolidates indicates a bullish outlook. If the bulls maintain the price above $4450 it would put in a Higher Low from mid March which would indicate a continuation of the up trend since we placed a Higher High earlier.
In the short term, I'd like to see a retest of $4450 as that would serve as a confluence of support with the trend line extending from the late December 2020 lows. A bounce from $4450 would be extremely bullish as it would indicate that bulls are ready to move out of this range (between $4400 and $4550).
Needless to say, a further rally from here would work towards the Inverse Head & Shoulders that everyone's been talking about ;)
Bitcoin to $70k? 61% climbHey Traders,
As highly requested, I have had a look at the Bitcoin/U.S. dollar daily chart. I always tend to have a bullish bias on Bitcoin because as it begins to rally a little bit, a lot of the popular news outlets tend to publish about it being on the move again, triggering an even bigger bull run and everyone is a lot quicker to buy this and they are to sell it.
Given the current climate in the world, I'm not too sure on how cryptocurrencies are having an effect on that. I understand that there are a lot of people trying to publish it as a safe haven asset, but in my opinion given it still being overly volatile, it's struggling to show those safer conditions over assets like gold and silver.
However, you can see a bit of influx of people coming into Bitcoin during the times of uncertainty, as well as other crypto assets and I think we may begin to see a bit of a bull market. My target area is up to $70,000, I think we had a clear break of structure while we're in this slow trend (it maybe a quick little liquidity grab). Overall I do have a bullish sentiment and I do think this can get up to the higher supply areas which I've drawn out with the blue rectangles on the chart. Each of these are different struggle points where I think Bitcoin will have a bit of a bounce or maybe a "sit still week," if we manage to break all these areas, I definitely think we can get up to 70 K.
Let me know what you guys think and the plays you are after on BTCUSD!