Is the Euro Looking for Support?It seems like the euro is on the hunt for some support. Could the bulls finally take charge and pull the euro out of its steep decline? The indicators are sending mixed signals. And when I say "indicators," I’m not talking about stochastics, moving averages, or that kind of stuff. I’m referring to the data from COT reports (show sentiment leaning towards a stronger dollar), analysis of options trades (not signaling a reversal), and retail sentiment (which is firmly bearish). And sure, we’ll throw in some chart analysis, but not just for the euro—I'm also looking at the 10-year Treasury yield chart.
What’s particularly important is how the quotes react at the 4.28% and 4.38% levels (marked as 1 and 2 on the chart). So, what do I mean by "how they react"? If the quotes hit resistance at these levels and turn south, the Dollar will likely correct, giving the euro bulls a breather. I highlighted the levels in the euro, the correction to which is very justified for finding liquidity.
But if the quotes 10Y Bonds start to "chop" through those levels, then the Dollar is headed higher and beyond.
Perspectiveofthemarket
DXY 4W/1D/4H : DETAILED CHART Hello Everyone, If You Like The Idea, Do Not Forget To Support With A Like And Comment .
Save Idea To Check In Futures Also .
We Will Add Fundamental Ideas Also But For Now Focus On Technical Analyze .
Let's Start With 4W Chart :
Sometimes Basic Things Can Play Big Role On Your Prediction So Please Focus On HH/HL Of Chart . This Stage Can't Go Higher Than 120.128 And For Now Got Heavy Rejection From 102.992 . Double Top Formation Worked But Still Not Finished . Personally Waiting Next Bearish Impulse To Enter Next Stage .
- RSI : Already Under 50 Point
- MAcd : About TO Confirm " M " Formation
1D Chart :
If We Are Going TO Break 94.422 Point We Will See Quick And Impulsive Movement To 94.472 .
We See Red Candle At The Moment But We Can Take Power Between 92.628 - 91.796 Range .
RSI : Bearish Divergence
4H Chart :
Pattern Needs To Break Maximum End Of The July
In Conclusion :
Personally I'm Very Bullish On DXY But After Fed's Falcon Talks We Sow Some Bullish Impulse . In A Bigger Picture Its Clear That We Are Going To Do LL And Double Top Is Our HH For This Stage . In A Short Term We Can See Dump And Pump But In A Mid Term Bat Formation Is Our Maximum Point Where We Can Touch . Its Hard To Predict Time In TA But Chart Says That 31 August Our Final Day Or Nearest .
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.
BTC/USD: Neutral Market without confirmation of bull or bearAt the moment, looking Bitcoin in Daily timeframe, I don't like how Bitcoin make their movement, I do not going to trade Bitcoin, but yes, I CHEC OUT what it's the Bitcoin behaviour, but the only information that I have in Daily and in H4 timeframe it's that Bitcoin form a bulish rising wedge, but the market it's completely neutral.
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For that, in 3 Daily it's show us a lot consolidation in their price action and the movement will not be clear.
But looking in Daily timeframe one moment, Bitcoin could to be into this simetric triangle in formation, but I don't like to trade Bitcoin or cryptocurrency below of H4 timeframe and I prefer to trade from H4 timeframe and above. For that, I will going to check another cryptocurrencies like Ethereum and Cardano to get you update.
And also, I will going to make a class that I will going to show you how to create a cashflow into this financial market like Forex, indices, cryptos, commodities and shares. Because I believe when cryptocurrencies are worry to trade, we can to trade shares together with cryptocurrencies, and also S&P 500. But tomorrow I interesting to create a class to talk about here the cashflow.
Could Bitcoin make a correction before to continue up?Hello, as a good note. We would need to take noticed that we're reaching up the highers zone on 2017 nearly o $20,000 USD. So guys, you will need to take the perspective to be prepared for open shorts position in some weeks toward the $14,000 USD levels.
So, I show you the Bitcoin trayectory to know it what will be happeneing in the next weeks and months to see it.
Very important is to following the trend in Daily timeframe.
How to be prepared in case of manipulation movement? Tips!!!In this mini-class, I want to discuss the H4 and H1 and Daily timeframe on the BItcoin price using the BItcoin as example of the manipulation. That is simulated and experimental what will be happing in case that doesn't have a bullish movement and bears take the domain again.
Look in the H4, we could see a formation of bearish rising wedge, but yesterday we see a simetric triangle that I still in this example
But, now looking in H1 timeframe, the price make a little correction until the $11,020 USD, but in cases that Bitcoin go to the $11,100 USD, in that exact point, we need to stay alert in case that we will have a bearish candlestick group. So, in case that was a bearish candlestick, the price action is goes to speak us that we need to sell Bitcoin if the demand is weakness!!! Because as the demadn is weakness, we could see a deep correction until the $10,638 USD, and that is a perfect target to put in short position in BItocin in case, but our position is still bullish until we not look and be cautelous in that zone that I talk.
Right now, lookin the Daily, we see a bull trend, but in cases that Bitcoin doesn't make support above of $11,100 USD and starting to show a bearish candlestik, is an huge alert to closed up our long positio nand then, pick up our money in profit, that we are in crypto in LTC. ETH and BTC.
So, guys, this is my class to knowing how to be prepared for in cases of manipulation movmeent, I invite below to look an example of manipulation when we are in the up-trend in the example of simetric tirnagle and later in some hours formed a bearis rising wedge.
That two examples I explain why we need to be prepared in two side in cases that Bitcoin make in the next hours possible manipulation to identification
Well, guys, this is an tutorial to learn how to make trading in Bitcoin and be prepared of market's manipulation
If you like it my idea, please support this idea in your analysis!!!
Tips:
1. Always look the price action
2. Be prepared when there will be possibles formation that you not see, always mark lines formation, support and resistance formation and more!!! Be creative
3. If in cases that we dont see a reversal of the trend, was a fake alarm and we continue with security our trend