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EUR/GBP: Outlook perspectiveEuro fall in that zone that I update yesterday. But right now, to note in H4 timeframe. We're in the key manipulation zone that we reach down. But be cautelous to trade Euro in short, becuase in this level there're liquidity and I will hope an answer of the next candlestick in formation to valided it. But fundamentally, I see that Euro it's look more optimistic than Sterling Pound as there's an emergence cautions in the Bank of England about UK economy and about interest rate where on Thursday in the past week the Bank of England made a meeting with their commite to talk about interest rates in England and economist see a growing risk as which lifted the bank rates to its pre-coronavirus crisis on 2020 and there're bad expectative for UK inflation and rates interest.
Long
by harisonhbn9718
2
EUR/USD stabilising on the 1.1300 base... EUR/USD seems to be stabilising the newly formed base at 1.1300. A recent weekly candle from 2 weeks ago, formed extremely bullish in alingment with the recent fundamentals suggesting that there will be a medium term upswing in movement. Generally speaking a closure above the 1.1400 handle should signify a comfortable 100 pips into the 1.1500 region and beyond, and looking at the recent weekly chart, there are many confluences to suggest more upside action to come. Tomorrows trading news look relatively choppy concerning the dollar and should expect a fair bit of movement in the London session. Overall bias at current market price is bullish. We will update this pair over the coming days to see if there is a potential spot for opportunity around 1.1400.
Long
by FTUKcom
Full cycle wave analysis of bitcoin from the beginning UPDATEDI last updated this in 2017. When counting waves I follow the rules of "The Elliot Wave Principle" by Frost and Precher. It's a very, very good book. I start from the biggest time frame. If a wave isn't obvious, I reduce the time frame and count smaller waves to see it. It's worth noting that wave analysis is most useful for longest time frames and whole markets, not single coins. charting the market cap for example. Decent market cap charts didn't really exist when I started this.. but BTC is so big that it represents crypto, so I think this is OK. Now let's discuss. (1) Where we are The important part, right? This correction is quite hard to predict with confidence because it lies on a 3rd wave of higher order. Corrections of 3rd waves are often small and the C can finish above the A. This is especially common when the B rises above the 5. Just like this: fig 1. randomly picked decent looking impulse wave from hourly BTC chart with bullish correction Inedeed if we apply this to our current 3, the correction could already be over. However, if we look at the full cycle (fig 3) in a monthly time frame, there is no doubt that the largest order wave is a 1, and we are in the 5 of that 1. It is common for wave 1 to be "squished" at the height. That is, a large wave 1 and small wave 5 (talking height or price size not time). We also expect large corrections in wave 1 as the trend establishes itself. Providing it doesn't drop below the starting point, it's a valid impulse wave. Just like this: fig 2. Look familiar? a common first wave shape when a trend has yet to be established Compare this to the full cycle in the monthly time frame: fig 3. Cycle order wave counting From this we start to get ideas about what (2) might indeed look like. By looking a the heights H1, H2 we can probably infer H3 reasonably well. We can guess a time for events by looking at the steepness of previous rises. I have not worked out these values yet, but I could and probably will. Lower order (shorter TF) wave counting of our current position at (1) should also give us a decent idea of the next low applying the same kind of basic techniques. What if we do have a quick, small, 3-like correction at (1) like in fig. 1, and apply a basic rise to (2)?.. we could be looking $450k+ at (2). The size of this current dip has a lot riding on it. (3) The BTC wave. Typically elliot waves in traditional markets have 3 as the steepest wave. It is common in BTC for elliot waves to have steep 1's and 5's, but quite long, extended 3's. This pattern began here. Fascinating, yes? fnar, fnar. (4) The correction of W2 gives another interesting shape. A recurring theme, as at the end of W1. The interesting bit is how the last drop in W1 provides the C but in W2 it finishes higher and therefore we are actually ending the 1-2 of W5. Great example of how waves and markets can really trip you up if you were waiting for this to drop low like W1. Maybe we are doing something similar right now? It's rocket time? Donations: If this makes you money why not help me stay out of employment? Want some important numbers? give me a DM. paypal.me/timoverboard
BITFINEX:BTCUSD
by MrRainbow
1
EURUSD: What Story Is the Bigger Picture Telling Us?Most of us either are scalpers & day traders. A very few categories of traders perform swing and position trades, as it involves higher timeframe analysis possibly from 4H & above up until monthly candles. Here we analyze the EURUSD M charts and try to observe what the market is telling us on a larger scale! Currently the price of the EURUSD is approaching a long term concrete ascending trendline that has been validated or tested on 3 different occasions. The blue horizontal lines on the M charts represent concrete psychological support and resistance levels which are highly efficient when utilized on monthly timeframes. At the moment, the price is approaching or near the 1.10000 psychological support which also coincides with our long term rising trendline. With FED tapering faster and 2-3 hikes already priced in, the outlook for EURUSD on a larger scale remains dark in 2022. However as traders we should always trade with confirmation and seeing this trendline has been tested on multiple occasions and respected, we need for the monthly candle to pierce and close below this trendline and 1.1000 psychological support. After this a SHORT trade could be executed with the target being the next psychological support at 1.05000. On the flip side, shall this trendline hold, the outlook for EURUSD would still remain bearish unless 1.25000 level and previous high is cleared. In short, the outlook remains bearish on both M & W timeframe for the EURO. On lower Timeframes such as the D & 4H, traders could possibly analyze to execute LONG trades but caution and confirmation. With FED tightening priced in, it remains to be seen if the US economy would actually meet the expectations in 2022. if we see stronger data and expectations meeting, we could see the greenback appreciate and break this trendline. However if the opposite occurs, we should expect this trendline to hold. Cheers, I hope you found this insight helpful. Happy holidays
Short
by FX618Analysis
GBPJPY Bullish Possibility GBPJPY bearish movement seems unable to penetrate the strong support. GBPJPY made a base around strong support which indicates the price had big chance turning into a bullish move. A bullish negative divergence is also seen on the Stochastic Indicator. I predict the price will reach the area of ​​151,570 - 152,217. Because there is a small resistance and the golden ratio of the Fibonacci clusters gathered together in the area of ​​the price range.
Long
by ivanderyoshua
I the bottom in for BTC USD?Looking at the macro fibonacci level, we still have one level that I think BTC might visit if we see another dump in the price!!! The last support price that I am looking at is $51900 ish... with +- 2%. But looking at BTC price has broke the purple downtrend line.. Even though it may not mean that BTC will just pump from here out, if BTC can hold the purple trendline as support and goes above the orange line it currently testing, it would be really2 good for BTC and might indicate that bottom was in!!! As always, Not financial advice #NFA #DYOR
BITSTAMP:BTCUSD
by ZombieGod11
4
BTCUSD - mid term outlookHello all, Recently BTCUSD has set a new ATH and now it is trading in a correction. It has already broken out of the rising wedge like pattern and the short term structural support. If we take a look at the previous structural ATH (Apr 2021) then we could forecast the possible endpoint of the correction. Anyways there are 2 possible scenarios which are illustrated on the graph. Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision.
COINBASE:BTCUSD
by Barysbyek
EURUSD - long term overviewHello all, For the past 5 months this major has been falling in a falling wedge pattern. Now the price is fluctuating at the structural support zone. One can say that this is obvious bullish reversal, however if we look at the 1D time frame then the double top pattern is quite clear and the price has already fallen below the neckline. Thus there are high chances for a bearish continuation. We need to look at how price will react to the 1.15318-1.15710 structural support zone. Both possible scenarios are illustrated. Disclaimer: Any risk related to trading this pair is solely on you. Please, think thoroughly before making a trading decision. Cheers!
by Barysbyek
Bitcoin The Current 4-year Cycle OutlookHere Yearly 4x60 Day step + about 120 Consolidation. What are market cycles? A market cycle refers to a pattern or repeating trend that happens within a financial market. A bull market followed by a bear market is an example of a market cycle because it's a pattern that has happened many times in the financial markets. There are many different types of market cycles but bull and bear markets are the most common. The length of market cycles will differ and won't necessarily be the same every time. For example, if there is a bull market that lasts 6 months, the next bull market may only last 4. What are the stages of a market cycle? Typically, a market cycle will go through four different stages in order; accumulation, uptrend, distribution, downtrend. 1. Accumulation: The accumulation stage happens after prices have hit a bottom. During this, the price has become more stable and investors begin to buy again - they “accumulate”. 2. Uptrend: Then the markup stage happens, where all the buying during the accumulation stage has started to cause the price to increase. This stage usually indicates the start of a bull market. 3. Distribution: Then the distribution stage happens where the price begins to reach its peak, where people start selling. 4. Downtrend: Finally, the downtrend stage happens, where the price has hit its peak and now starts to fall. This is the start of a bear market. What is the Bitcoin 4 year cycle? The Bitcoin 4 year cycle is very similar to the 4 stages of a market cycle, explained above. The four stages of the Bitcoin 4 year cycle are; exponential highs, correction, accumulation, and continuation. Although the Bitcoin cycle starts in a different stage, it still happens in the same order as the stages of a market cycle.
BITSTAMP:BTCUSDLong
by StanPodd
4
Tesla broke resistance and printing Sign of StrengthConfirming my long position here and waiting for a backup before I add more to my Tesla positions. As expected price broke out of the resistance channel defined by the AR and the HH points printing SOS and LPS /BU in Phase D before the final markup in Phase E. Low volume and climbing price show that the institutions have taken hold of the price and are not selling until a much bigger markup. Good times ahead of Tesla stocks. No financial advice, just my reading on the chart through the Wyckoff (re-)accumulation lens.
NASDAQ:TSLALong
by Rezakov
EUR/USD is not out of the woods yet Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The EUR/USD pair ended up closing the day in the negative territory Despite the good trading action on Monday and seems to have gone into a consolidation phase around mid-1.1500s on Tuesday. It looks like the pair is trending in a Falling wedge pattern in a downtrend which usually indicates a reversal into a Bullish state soon but we have 0 confirmation so far. Breaking the pattern will give us the confirmation we need for a reversal. Possible Scenarios for the market : Scenario 1 : The market is trading at 1.15605 at the time of this post, we are expecting a Bearish day today which will probably lead the market to the first support like located at 1.1536 where we will see a small battle between the Bulls and Bears over control which will determine the market movement for the next few days. Scenario 2 : The Bears seems to be in total control over the market and with a strong push we might see the pair reach the support located at 1.1496 by the end of the day. The Bulls will have a chance at that level to gain control back and push the market in hope of a breakout. The first target will be the resistance level at 1.1575 and from there they will be headed to the 1.1692 level. Technical indicators show : 1) The market is below the 10 20 50 100 and 200 MA and EMA (Strong Bearish Signs) 2) The RSI is at 32.82 showing weakness in the market and giving a Sell signal. 3) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line. Support & Resistance points : support Resistance 1) 1.1536 1) 1.1575 2) 1.1523 2) 1.1601 3) 1.1496 3) 1.1615 Fundamental point of view : The common currency stays on the back foot in the first half of the week as investors can't find a reason to anticipate a reversal of direction. Commenting on the inflation outlook on Monday, European Central Bank (ECB) chief economist Philip Lane said that they need to be "less trigger happy" and wait for data. "The medium-term inflation dynamic is too slow, not too fast," Lane added and noted that the trigger for monetary policy action is not there. On Tuesday, October ZEW Survey - Economic Sentiment data for Germany and the eurozone will be featured in the European economic docket. Even if these surveys point to a modest improvement in economic sentiment, the shared currency could have a tough time attracting investors, who are likely to put more weight on the policy divergence between the ECB and the Fed. Later in the day, the NFIB Business Optimism Index and JOLTS Job Openings data from the US will be looked upon for fresh impetus. However, it wouldn't be surprising to see a muted market reaction ahead of Wednesday's US inflation report and FOMC Minutes. According to FXsteet This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh