BTC : CurvesHere is a cyclic curve lattice used to identify historical and future support/resistance levels that can assist us with our trades.
The chart is unraveled on the 4 week time interval and the logarithmic price scale.
Every historical curve shows at least one critical price action reaction.
Here are the most important, all but one relating to candle wicks...
Green curve price action reactions :
Red curve price action reactions :
Future cycles are carefully estimated using Fibonacci measurements.
Finally, thank you to my followers and to those who enjoyed viewing this idea.
Feel free to give it a boost if you like it.
// Durbtrade
Reaction
PERLUSDT Impulse wave reactionPERLUSDT is igniting an impulse wave in reaction as the price bounce inner a broadening structure, in a micro triangle breakout. Fisher Transform bullish crossing is suggesting the direction in time correlation. Aiming 5% upward wave-iii.
🟨 $ATAT - update on WLAs you see this is the good things of planning trades. We never know what is GOING to happen in the market, we only know what has happened and we need to adjust and react to this. As you see instead of tightening the pattern became more loose and hence I have not entered this name. Lets see how it will continue to react.
ADA/USD: Reaction in the 0.618% FibonacciIn this analsysi and update, I'm still shorting Cardano from May, 15, 2022 around $0.59 cents. So, I see that the price make confluence in the 0.618% fibonacci Golden zone and this it's a good opportunity to place a sell market price now. You can to put the SL to $0.63 cents. I'm shorting Cardano from $0.58 cents approximately. My SL it's around $0.63 cents.
In Daily chart, the yesterday candlestick closed up with a bearish signal. Maybe, I suppose that Cardano could to continue very neutral in the reaction of what Bitcoin do and everything depending how the U.S. Dollar behaves in the financial market.
That it's all to share you!!!
But I hope that Cardano goes to $0.30 cents approximately. This it's my target to hit!!!
Most Recent Powell Appearances & PA Hello Traders, -----------> (see picture below for better view) <----------
I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action.
Above is a quick look at that and a very near-term prediction of SPY.
Of course, Powell is a very well spoken man, and he chooses his words very carefully. He said exactly what was expected and exactly what the markets wanted to hear, hence the rally. However, when do we move past the idea that the rallies will be followed by drops in the days following? Are we there? Are we almost there? No way to really know. Even with a strong ear to the pulse of the markets and every analysis you can think of, it can be difficult to time the markets.
Luckily there are tools like you see on my chart that can help to stay consistent even when you aren't entirely sure when we've hit bottom or when the rally rug will pull. Not all technical tools are the same and there isn't a holy grail per se; but some tools of the trade are much sharper than others. For example, some tools may help you catch tops and bottoms really well when combined with a strategy.
How have you been doing-- are you Consistent-- are you Confident in your trades-- do you stick to your Strategy and Stop-loss?
Never stop sharpening your sword.
As retail traders, we must be constantly evolving and sharpening our toolbox to compete against the institutions and whales out there.
Happy trading.
Cheers,
Mike L.
(UPRIGHT Trading)
The Powell Catalyst
SLPUSD analysisHello traders!
SLP is 90% up from last month's low and I am expecting a little more push before any downfall.
SLP is at the reaction zone and reaction zones are not the support and resistance zone but it's the zones where the market forms different kinds of patterns.
Currently, it looks like it's forming a pattern below the reaction zone and it can pump 20/25% more.
0.339 is the price that will be hard to break by SLP and it can retrace back from that level.
Don't forget to hit the like button and follow to stay connected.
CAD/CHF: Bearish Outlook ScenarioIn this analysis, we could to find down sell in the Forex par Canadian Dollar/Swiss Franc. To take in note, we have a reaction point around $0.7420 CHF and I have an analysis that as we forming this bearish channel, we could to go back into this chartist pattern and find down a demand zone in our key support to $0.7154 CHF
This it's the Daily analysis and this it's my own perspective to find down pips for the days. Maybe our stop of this sell could be around $0.7330 CHF t to find down like 90 pips approximately in this par. But in case that this par continue with the sell-off more down could be to $0.7286 CHF and more down like $0.7198 CHF to take in note the important point of this analysis.
US30 obvious trendline reaction and eliiott waveour team forex trading action is pleased to announce you guys that we had 9 out of 11 tp hit in our last analysis here is our new analysis for the US30 where you can find a clear uptrend trendline and fibo reaction
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Nearusdt: Sell opportunityHello Traders!
This is Nearusdt's short trade.
Nearusdt has given a bullish breakout and we can see a reaction pattern. This reaction pattern is a selling opportunity and we will hold it till the support area.
Stoploss is 2% of the investment and target is 14% of the investment
Suggested leverage 10x
Don't forget to hit like button and follow to stay connected
HOT/USDT TRENDLINEHi there
i am watching hot/usdt banace chart on 4h timeframe that might do something intersting
Apparently it broke the downward trend but its Not enough for me cause
this coin raised a lot and its very risky in my opinion and im gonna wait to see a significant volume
so the support and ressistance lines are visible in the chart
and i will be happy to read your opinion and if you enjoyed mine like it please
hope you earn the best profits
bb
Likely Bearish Scenario for the following monthsIf we're before a yet unconfirmed bearish phase, this is a likely scenario.
You can trade within the bearish channel.
A minimal market run-up usually always follow the days prior a new POTUS election.
I think we can expect markets continue to fall whether Trump or Biden get elected.
It will only stop falling until long-term Bitcoin channel bottoms are hit.
This is hit or miss, don't take this a financial advice.
I post to see if my prediction ability is on point or too far off.
Cheers.-
Bitpanda BEST investment updateIn this link you can find all the related information about the tokenburn. Overall ~ 11.000.000 tokens were burned (thats about 2% of the current circulating supply and 1% of the overall supply) and new features for BEST were added.
blog.bitpanda.com
This tokenburn event will now continue evey three months until 50% of the total supply is burned.
The chart shows that due to very overextendet indicators and expectations of some investors, the actual valuation of the BEST token dropped for now, down to the golden ration 0.618 fib support.
This level is the next bigger supportive confluence zone. Next to the fib retracement level we can see the daylie bollinger mean line (dotted line) that acted as resistance in the downtrend and the 200 day SMA line.
The investors now have to decide how to value this Token correctly. My personal bias over a longer time period of time is bullish.
Bitpanda is still one of the biggest austrian startups and the deflationary mechanism of the Tokenburns as well as the overall growing userbase on bitpandas plattform supports my thesis.
The tokenburns now act as quaterly milestones and will be underlined by further developement progress of bitpanda.
Thanks for reading my updates
yours F P
How do virus attacks affect Wall Street?This is a very short presentation on how previous virus attacks have affected Wall Street (daily time frame). I go back to 2013, plotting what was seen.
This is relevant in relation to the recent Wuhan coronavirus (WCV). Mainstream media have referred to WCV as a "deadly virus". This is frankly nonsense based on current data.
The case fatality ratio (CFR) is an important measure in assessing lethality of a virus. The CFR for influenza A(H1N1) in 2009 was 0.45%. For ebola virus, it is overall >50%.
For the Wuhan coronavirus (WCV) which may not be one virus strain, the CFR is currently estimated at <3% (I cannot provide references here but people can contact me for links to info).
But hold on - the 3% is not (at this time) for large populations of those infected. The average age group of people who have been killed WCV is currently around 60. Did I say 'average'? Yes - I did (which means I know there are some people who have been around 30). Attribution of WCV has also not been 100% caused by WCV either. The 'average' age group may fall (or increase) with time.
In summary
- ebola is definitely a deadly virus - the markets barely flinched if at all to Ebola.
- estimates of lethality of WCV are currently not robust.
My conclusion -
The media is responsible for selling its news.
The media have been irresponsible in feeding panic, in selling its news.
News and panic are what rules markets more than hard facts and figures.
Will the WCV outbreak be the pin that pricks the bubble? I don't know. It could well be the first of the dominoes to fall, setting off a chain reaction for slow burn down - instead of a serious correction. OR - WCV may well be insignificant. If it is, then expect a raging bull market to rebel! I cannot foresee the future!
Declarations & Disclaimers: I am not a virus expert, nor a financial expert. This post is opinion only based on data fully available in the public domain. Opinions here are not be be relied upon in making financial or trading decisions. If you who reads this makes such decisions, your losses are your own - should you suffer a loss. You sue yourself if you lose money.