Shortterm
BTC/USDT Bullish Divergence above key support !BTC/USDT Bullish Divergence above key support @35800/37800
Context :
The recent setback reache the 61,8% Fibo retracement at 37800 corresponding also to a classic A=C pattern( harmonic) ending the wavec (2) and calling for an imminent recovery.
Clearly the market is questioning the behavior of the risk takers present in the Traditional market and crypto market by positionning the market at key hedging support on SNP500 and BTC
This kind of configuration is more bullish to be honest because it is the area where an intraday bearish trader on futur will take profit, because it is the inflection level to start a new recovery
The new bullish element this morning is the bullish divergence in progress like the one triggered on the previous bottom calling for an exhaustion of the Bearish momentum and an imminent bounce towards the daily blue resitance.
However a fail to hold on this support will confirm an extension of the previous bearish trend to 28800 (Long-term strategic support)
Tactical to daily view (1 to 3 days - before next 3 weeks)
As long as 35800 remains key tactical/daily support and 37700/39700 is acting as entry levels (buy) the market is expected to bouncing off towards 41500 (1 to 3 days) - only a clear break above 41500 in daily close will open 51K
Else Breaking below 35800 key tactical support a last downside leg towards the strategic key support at 28800 will occur before starting the multi- weeks significant bullish run expected
Key Leves to watch :
Strategic Horizon (3 to 12 Months):
Bullish - Key support @ 28800 - Target 1 @ 77000 - Target 2 @ 111 000 (Conviction = STRONG)
Tactical Horizon (1 to 3 Weeks):
Bullish - Key support @ 35800 - Target 1 @ 51 000 - Target 2 @ 52 000 (Conviction = Normal , Strong if 41500 surpassed)
Daily Horizon (1 to 2 days):
Bullish - Key support @ 35800 - Target 1 @ 41500 (Conviction = Strong because of the divergence)
Enjoy
front month vix futures remain overbought (vx1!)the upside in short term vix futures remains muted as limitations on how far out broader market shorts in the money puts are due to backwardation in front month contracts. this is leading to derivatives like UVXY to probably continue to sell off of overbought.
we could find ourselves back in the low 14s UVXY if we see 22 vix again which should be soon. if we go over 28 vix id imagine were headed for 20 UVXY. the weekly picture for vix is bearish.
Wockpharma Short term View#Consolidation Happening for long time
at strong support & Demand zone.
#RSI Divergence shows accumulation phase happening.
#Continuous Lower lows followed by consolidation
with Selling volume exhaustion.
Buy Wockpharma at 380-385 zone
Target 418, 450, 472++
SL 370
#Swing Trade #Positional
ETH-USD PERFORMANCESame idea as the Btc, a rise before retesting supports, there is a lot of good news coming out now, from Russia, the approved ETF or Belarus.
The FOMO will act by driving the price of Btc up to the touch of resistance, if they are broken, it is already very likely around 85% that Btc will retest higher values or levels between 52k and 56k
Be careful with leverage and always use stops
NZDUSD TRADE -Long the Short setupthe NZD will remain strong compared to the USD HENCE Bullish move and note the breaker @ level 0.67390.
Should it hold price will shift in market direction welcoming new bears and ultimately the USD will be stronger than the NZD.
Hence the bearish move potentially targeting 0.66768 or even breaking it to target liquidity("equal lows") @ 0.65891
#long first the #short.
EURGBP - LongAfter the impulsive first wave witnessed on the pair, where we had an extended first leg, the EUR/GBP is now correcting. The next levels to watch are the 38.2% and 50.0% retracement from the highs, which come in at 0.8404 and 0.8382. Those are good entry levels for the third wave, which could take prices higher towards 0.8600.
Amazon investors GET READY!Amazon historically has been respecting my resistance zone. If the price is able to break above $3.2k once more in the near future I believe we are going to see buyers test the resistance zone once more. On the other hand, the price may choose to drop back down to $2.6k-$2.8k range. If this occurs and price continues to drop within the supply zone I believe there are some strong buy & hold opportunities at this zone.
GOLD BEARISH FOR THE SHORT TERM According to some technical indicator like Awesome Oscillator and RSI which suggest that gold has been overbought we may have already hit the HIGHS of this bullrun. Awesome oscillator on m15 suggest that there Should be REVERSAL IN PRICE since theres divergence in price against the oscillators price movement illustration, RSI on h4 has already crossed above 70 on the period 10 which indicate that its already at the overbought zone. therefore ill be looking for selling opportunity for the short ton mid time. Do note that this is not a financial advice its just here to give you an idea about where the price might be heading for the short time which can help keep your trading in check.
i hope i'll be bale to help someone with this simple analysis of mine
CHAMBLFERT breaking the trend.Chamblfert has given enormous returns over the period of time but looks bearish over the short period. The stock have given the breakout a few days ago, but could not sustain the breakout. Chambal fertilizer has broken a supporting trend line and the budget brings a negative impact on the fertilizer industry.
If the stock closes down below the trend line, we can see quick movement toward the downside and stock achieving our target.
Only for information and education purpose
Please consult your advisor before investing
Two day shortTaking a position for a two-day short with this rather simple concept. Broken near-term channel floor guides us to a bearish posture. The conjoining channel patterns indicate a target price at levels 40200 - 38800. An overextension to 38000 is possible in accordance with an underlying fib at that level and untested support between 40-38k area.
The timeframe is Feb 13. - 15.