Pivot Points
Trade Idea for BTCUSDMy sentiment about BTCUSD is firmly bullish.
I plan to utilize probabilities to strategically position myself into long positions. This approach allows me to leverage statistical analysis and market behavior to enhance my trading decisions.
Several key fundamentals are currently influencing the market in a direction that aligns with my bullish bias on BTCUSD:
Institutional Adoption: There has been a notable increase in institutional interest in Bitcoin, with major firms investing heavily. This trend suggests growing confidence in Bitcoin as a long-term asset.
Economic Uncertainty: Global economic conditions remain volatile, leading many investors to seek alternative assets like Bitcoin as a hedge against inflation and currency devaluation.
Technological Advancements: Innovations in blockchain technology and increased acceptance of cryptocurrencies for transactions are contributing to a more robust ecosystem, enhancing Bitcoin's utility and attractiveness.
Conclusion
In summary, my bullish stance on BTCUSD is supported by both statistical probabilities and current global fundamentals. By strategically using probabilities, I aim to position myself advantageously in the market. This method not only enhances my trading strategy but also aligns with broader economic trends that favor the growth of Bitcoin.
Let’s dive into the top-down analysis together! Your thoughts and feedback are always welcome!
1D:
Hourly Timeframes:
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EURUSD Multi Timeframe Analysis 22.10.2024Not much has changed since yesterday so will follow the same plan
15m Swing, Internal Bearish
Corrective push to the upside but I don't think it will last. Nearest 15m supply to look for shorts marked on the chart. Looks like price creating more internal liquidity before targeting 15m Swing weak.
BTCUSDT: Trend in weekly time frameThe color levels are very accurate levels of support and resistance in different time frames.
A strong move requires a correction to major support and we have to wait for their reaction in these areas.
If the BTC chart does not react to close levels, this analysis will be invalid.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
BEST,
MT
Decline in EURUSDYesterday, EURUSD tested the previous low at 1,0808.
If it breaks through, the next support levels are at 1,0783 and 1,0745.
At the current levels, there are still not enough reasons to trade EURUSD, so we are focusing on other instruments with more potential.
Here are those instruments again:
For buying EUR, consider EURJPY.
For selling EUR, consider EURAUD.
AUDJPY at a Crucial Turning PointHello,
AUDJPY is currently at a notable juncture! While there hasn't been significant movement recently, an upside is still anticipated as long as the price remains above the 1W/1D pivot point. However, if it falls below this level, we could see additional downside.
TradeWithTheTrend3344
USDCAD Bullish Momentum Continues: Watch Resistance at 1.387013Hello,
FX:USDCAD has experienced additional upward movement following last week’s bullish trend. Further bullish activity is anticipated until a strong resistance level is established. Exercise caution! The key resistance point to watch is 1.387013.
TradeWithTheTrend3344
SAGA potential buyas you can see price looks very bullish in the higher time frame and currently is making a corrective move toward the 4h demand.
after the mitigation, I will wait for the confirmation in the lower time frame and look for buys. I will keep you guys updated about this position.
have a blessing day.
CHFJPY is in the Buying Direction testing major support levelHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/NZD Long FROM SupportHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
AUD/USD: Bearish Outlook with Potential Bullish TurnaroundHello,
OANDA:AUDUSD pair appears poised for additional bearish movement, but there’s a strong sense of optimism surrounding a potential bullish turnaround, which is supported by historical patterns. Caution is warranted in this scenario. Key support levels to monitor are 0.665057, 0.656921, and 0.632512. At this moment, further downside seems quite probable. However, a crucial indicator to watch will be if the price crosses and holds above the 1D pivot point, signaling readiness for another upward move.
TradeWithTheTrend3344
GBP/USD Outlook: Further Downside ExpectedHello,
FX:GBPUSD has experienced additional declines following the 1W PP acting as resistance. A further downturn seems likely, potentially targeting support at 1.283785. If that level fails to hold, it could move toward 1.267375. Currently, an upward movement appears unlikely, as the conditions favor continued downside momentum.
TradeWithTheTrend3344
EUR/USD Bearish Move Toward Key Support LevelsHello,
FX:EURUSD is expected to experience further bearish movement toward 1.05861, a key support level in the 1-year structure. It could potentially dip as low as 1.0500 before finding solid support. Once support is confirmed, we can anticipate a bullish reversal.
TradeWithTheTrend3344
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades.
By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success.
Key Fundamentals Supporting a Bearish Outlook:
- Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges.
- Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment.
- Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair.
These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions.
1W:
HOURLY ENTRY:
If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!