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Trendanalyisis

Nov.12-Nov.18(BTC)Weekly market recapAs the cryptocurrency market continues to expand, several factors will influence the sustainability of the current upward trend. Firstly, the direction of the Federal Reserve's monetary policy is crucial. If inflation resurges and leads to a tightening of monetary policy, it could pose a significant obstacle to market gains. Additionally, the implementation of specific policies by the Trump administration, including the establishment of regulatory frameworks and strategic reserves, will also play a vital role. Moreover, the ongoing participation of institutional investors is a key factor, as their capital flows often have a substantial impact on market trends. Currently, the cumulative net inflow for BTC ETFs stands at $27.714 billion, while ETH ETFs have seen a net inflow of $139 million. It is noteworthy that since August 5 of this year, Tether has minted over $7 billion USDT on the Ethereum blockchain. Changes in the supply of stablecoins have become an important market indicator; an increase in stablecoin supply not only reflects market confidence in cryptocurrencies but also provides potential support for subsequent price increases. Last week, BTC exhibited a volatile trend, with significant price fluctuations. The WTA indicator shows the appearance of blue bars representing whales, indicating the presence of large capital. The purple wave area on the ME indicator is widening, suggesting a strengthening bullish sentiment. In summary, we believe BTC may experience an upward movement this week, but caution is warranted regarding price volatility risks. We have adjusted the resistance level to $95,000 and the support level to $85,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
USD/JPY: Ready to Break 154.8 and Push to New HighsExpectations around Trump's import tariffs are supporting U.S. bond yields, strengthening the USD and continuing to pressure JPY. The recent depreciation of JPY could lead to potential intervention from the Japanese government, preventing further short-selling ahead of the U.S. consumer inflation data release. Looking at the price chart, the USD/JPY pair has maintained a steady uptrend for an extended period, reflecting the strength of the USD relative to JPY. Recently, the pair has broken through significant resistance levels and continues to set new highs, reinforcing the current bullish trend. In the short term, there is a strong possibility that the pair could break the 154.8 resistance level. This level is currently a key point of resistance, but given the current upward momentum, the price is likely to surpass it and continue rising. An additional factor supporting this potential move is the upward-sloping trendline, which remains intact and indicates that the bullish trend is being sustained. With these factors in mind, it is reasonable to expect the USD/JPY pair to continue its upward trend in the near term, particularly if the 154.8 resistance level is broken. The stable uptrend and solid support from the trendline suggest that the price has the potential to continue rising, opening up opportunities for new highs.
by Alisa_Rokosz
Nov.05-Nov.11(ETH)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into ETH ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into ETH ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for ETH's rise last week and its potential future increases. Under the leadership of BTC, ETH exhibited a one-sided upward trend last week, with the increase nearly compensating for the decline experienced since July of this year. The WTA indicator has shown blue bars, indicative of whale activity, suggesting significant capital inflow. Meanwhile, the orange wave area of the ME indicator is rapidly tightening, signaling a weakening of bearish sentiment. In summary, we anticipate that ETH may rise this week, although caution is warranted regarding potential pullbacks. We have adjusted the resistance level to 3400 and the support level to 3000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSDLong
by Sypool
Nov.05-Nov.11(BTC)Weekly market recapLast week, Trump defeated Democratic candidate Harris on Wednesday to win the 2024 U.S. presidential election, following his promises of several supportive cryptocurrency initiatives that are expected to materialize. These include the dismissal of the Chair of the U.S. Securities and Exchange Commission (SEC), the establishment of a strategic BTC reserve to hold digital currencies obtained from assets seized from financial criminals by the federal government, and the promotion of the U.S. BTC mining industry, with the hope that the remaining global BTC will be mined in the United States. Currently, the U.S. is in a rate-cutting cycle, with a reduction already implemented on November 8, and another expected this year. As long as the CPI data on November 13 does not exceed expectations, the likelihood of further rate cuts is significant. Last week, there was a substantial net inflow into BTC ETFs, indicating that following Trump's victory, the favorable monetary policy has sparked optimism and speculative behavior among investors, leading to a significant influx of capital into the cryptocurrency market. Given the current landscape, the cryptocurrency-friendly regulatory environment, the substantial inflow of funds into BTC ETFs, and the macroeconomic benefits of the Federal Reserve's rate cuts are all catalysts for BTC's rise last week and its potential future increases. BTC exhibited a one-sided upward trend last week, continuously reaching new highs near $90,000. The WTA indicator shows the appearance of blue bars representing whales. This macro shift is beginning to attract large capital. The purple wave area on the ME indicator is widening, indicating strengthening bullish sentiment. In summary, we believe BTC may rise this week, but caution is warranted regarding potential pullbacks. We have adjusted the resistance level to $90,000 and the support level to $79,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSDLong
by Sypool
EUR/USD tumbles below 1.0800 on Trump’s tariff planThe EUR/USD pair has declined amid a renewed demand for the US Dollar (USD) during Friday's Asian trading session. Additionally, Donald Trump's proposed tax increases have put pressure on the Euro (EUR) against the USD. Traders are now awaiting the US November Michigan Consumer Sentiment data for further market direction, along with a speech by Federal Reserve official Michelle Bowman later this week. Looking at the technical chart, the EUR/USD pair is currently in a downtrend, trading around 1.0780, down 0.2%. With resistance at 1.080, the pair has faced difficulties and has dropped to the support level at 1.071. Given the current factors, there is a possibility that the EUR/USD pair could break this support level and continue moving lower. Investors need to closely monitor economic data and comments from the Fed to catch any new signals from the market.
by Alisa_Rokosz
Oct.29-Nov.04(ETH)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of ETH surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the differing expectations regarding monetary policy and future inflation between the two candidates in the U.S. election make the election outcome pivotal for the mid-term trajectory of BTC, while also impacting the price of ETH. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, ETH experienced an initial rise followed by a decline, but the overall fluctuations were minimal, remaining within a consolidation range without any significant trend. The WTA indicator showed blue bars representing whales, which disappeared after Saturday, indicating a withdrawal of substantial capital. The ME indicator continues to reflect a bearish trend. In summary, we anticipate that ETH may continue to oscillate this week. We maintain our previous resistance level at 2800 and support level at 2200. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:ETHUSD
by Sypool
1
Oct.29-Nov.04(BTC)Weekly market recapLast Friday, the non-farm payroll data fell significantly short of expectations, leading to a substantial increase in interest rate cut anticipations. The price of BTC surged before retreating, with the majority of traders attributing the disappointing data to the impact of the hurricane, as the market response was less than favorable. Currently, the outcome of the U.S. presidential election is pivotal for the mid-term trajectory of BTC, given the differing monetary policy and inflation outlooks of the two candidates. Should Trump be elected, the promised favorable policies may come to fruition, increasing the likelihood of institutional investments in BTC, thereby enhancing its fundamentals as digital gold. Conversely, if Harris takes office, the SEC is expected to maintain its stringent stance on cryptocurrency regulations. Last week, BTC experienced an initial rise followed by a decline, breaking through the resistance level to reach $73,590 on Tuesday. The WTA indicator showed the emergence of blue bars representing whales, but these disappeared after Saturday, indicating a withdrawal of significant capital. The ME indicator remains in a bullish trend. In summary, we anticipate that BTC may experience considerable volatility this week. We have adjusted the resistance level to $74,000 and the support level to $67,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
1
BTC is still maintaining a very STRONG BULLISH momentumHello traders, As i analysed before, the BTC price went to our favor and went bullish hitting targets on the 1H and 30mn charts anfter making some corrections and pullbacks. the BTC is approaching a previous Monthly level of 73907 where price may get rejected and go back to a LH monthly level of 71591 giving short trades opportunities. But if price breakes the 73907 we definitely gonna reach the $90000 level next month as the overall direction and trend is bullish and price was just making corrections the previous weeks accumulating momentum to a strong bullish move. Keep watching and seize the opportunity. Good luck
Long
by YMtradingsystem
SAKSEN Technologies Swing TradeSASKEN Technologies respecting trend line in Weekly time frame and following uptrend, if price moving above 1755 then we can go long with approx 18% SL and 36 % Reward, 1:2 risk reward. Enter only if this trade looking interesting and can manage quantity as per the stop loss. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:SASKENLong
by smrgrover2
BITCOIN looks to push UPBitcoin recently hit a support level which for the past 4 days has been rejecting and bouncing off from. The support level consisted of a Monthly Pivot Point and a Fibonacci Golden Pocket (ratios 0.618 and 0.65). Today the market is trading above a Daily Pivot Point. We now have our first Resistance Level which is the Fibonacci Golden Pocket at 63944.45 to 64144.18. ==== (When the first Daily candle gets to this level, should it break through and close above, BITCOIN will be heading more up, should it reject on this level, the market is either going to consolidate or retrace from there). Should the market break through the first resistance it will be clear to be heading towards Resistance Level 2 which is at 68120.58 to 68282.28. ==== (There again we need the first day candle to break through and close above that in order to know that we are still in the uptrend, should the first day candle reject of that area, we are looking at some consolidation or possibly a retracement from there). <<<<<<<<<< Now This Is IMPORTANT To Note >>>>>>>>>> Resistance Level 3, this is an area that needs to be watched carefully, simply because we have not only a golden pocket at around, 70500 to 70600 BUT we have a MAJOR all time Trend Fib 0.786 level just below that. Should the market push up in time through the first 2 resistance levels, once it gets to the 3rd we will more than likely see a push through these Resistance 3 Levels with a Hard Pullback Rejection as this is targeting the ALL TIME HIGH AREA. Along with a Fibonacci Golden Pocket, A Fibonacci Trend Retracement Level, that area also includes Monthly Pivot Point Resistance Levels R2 and R3, which all in all is adding a lot of weight to that area making it very strong.
CRYPTO:BTCUSDLong
by avziofficial
5
XAUUSD 30/9/2024 Has the uptrend started?Looking at H1 we see that the 5-wave uptrend structure has been completed and we are now in an ABC correction structure The target of this correction I expect to end at the 2607 zone. At that time we can execute a long-term BUY order to continue the uptrend. - The process of price completing the correction wave target needs to absorb strong demand zones along the way. These are the targets for us to be able to BUY short-term by day. - Looking at the Volume profile, we see that there are 2 important demand zones that need to be considered, which are the 2639 - 2636 zone and the 2625 - 2622 zone. These are the border zones where the price is pushed up, so they will be the zones that the BUY side will protect when the price returns, and to break these zones, an absorption process is required and we will take advantage of this to proceed to BUY up. - After completing the adjustment, when the price breaks the peak zone of 2686, confirming that the adjustment process is complete, I then measure the target of the uptrend wave with the first resistance zone at the 2700 zone and above it is the 2738 - 2741 zone. This is also our important SELL target zone. - In which we pay attention to an important zone of 2674, this is a strong supply zone, we can consider SELLing in this zone. SELL ZONE: 2670 - 2673 SL: 2660 TP1: 2651 TP2: 2641 SELL ZONE: 2697 - 2700 SL: 2707 TP1: 2684 TP2: 2674 TP3: 2655 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2655 TP2: 2674 TP3: 2684
OANDA:XAUUSDShort
by DEEKOP
“Cryptocurrencies on the Move”The U.S. Securities and Exchange Commission has approved the listing and trading of options for BlackRock's IBIT. Bitcoin options trading on IBIT is expected to comply with BlackRock's standards. Following this development, the rise in cryptocurrencies has accelerated, with Bitcoin maintaining its push towards the 65,000 level. Tecnically, if it surpasses the 65,000 resistance level, the 68,500 and then 71,675 resistance levels could be tested. On the downside, if Bitcoin breaks below the 63,300 level, a further decline toward the 60,000 and then 57,330 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
“The Eurozone manufacturing PMI is weak”Following the interest rate decisions by the ECB and the Fed, the EUR/USD pair has risen to the 1.12 level. Meanwhile, the dollar index is recovering its losses post-Fed, which is limiting further gains in the EUR/USD pair. Today, the manufacturing PMI figures released for the Eurozone and Germany came in below expectations. This increased the pressure on the euro currency. From a technical perspective, if the upward trend continues and the 1.1115 resistance is broken, the next resistance levels to watch are 1.12 and 1.1275. On the downside, if pricing drops below the 1.1045 level, 1.0970 and 1.09 could act as important support levels for further declines.
by primequotes
“Bitcoin is rising."Cryptocurrency markets are going through a dynamic period with significant developments. In Germany, 47 cryptocurrency exchanges were shut down by the Federal Criminal Police Office and the Internet Crime Complaint Center as part of efforts to combat money laundering activities. However, following the Fed's decision to cut interest rates by 50 basis points, there is a decline in dollar-denominated assets. This situation is supporting upward movements in Bitcoin. From a technical perspective, if it surpasses the 63,300 resistance level, the 65,000 and then 68,500 resistance levels could be tested. On the downside, if Bitcoin breaks below the 60,000 level, a further decline toward the 57,330 and then 54,000 support levels could occur.
BITSTAMP:BTCUSD
by primequotes
“USDZAR on a Downward Trend”The South African Reserve Bank has reduced the policy interest rate to 8.00%. Following this move, the reversals at the 17.40 level in the USDZAR pair have drawn attention. The Fed had unexpectedly cut rates by 50 basis points at its September meeting. This situation has led to significant losses in dollar assets, while we can observe that any increases in the USDZAR pair remain limited. From a technical perspective, if the exchange rate surpasses the 17.70 level, rises may initially extend to 17.95 and then to the 18.20 resistance level. On the downside, if the 17.40 level is breached, we could see a decline to 17.15 and then to the 16.90 support level.
by primequotes
“Can USD/JPY Surpass the 144.0 Level?”The Bank of Japan (BoJ) kept its policy interest rate unchanged, holding it steady at 0.25%. The bank noted that Japan's economic recovery is continuing, and inflationary pressures have eased due to a decline in import prices. According to data released today, Japan's Consumer Price Index (CPI) for August increased by 3% year-over-year, in line with expectations. As a result, the USD/JPY pair has gained momentum, rising from the 140.85 level. From a technical perspective, if the 144.10 level is surpassed, the pair may test the 147.30 resistance first, followed by 149.55. On the downside, if it falls below the 140.85 support level, a drop toward 138.0 and then 135.15 could occur.
by primequotes
“The pound gained strength”The Bank of England (BoE) maintained its policy interest rate at 5.00%, with no changes. BoE Governor Andrew Bailey stated that since they lowered the policy rate in August, inflationary pressures have continued to ease. Bailey also emphasized the importance of avoiding rate cuts that are too quick or too large. Following this development, the GBP/USD pair rose above the 1.33 level. From a technical perspective, if the 1.3355 level is permanently surpassed, the rise could accelerate toward 1.3430, followed by the 1.35 resistance level. On the downside, if prices fall below the 1.3270 level, the decline could extend first to 1.3150 and then further to the 1.3030 support level.
by primequotes
“Gold Prices Target 2600 Level”After the Fed cut its policy rate for the first time in four years, the dollar index saw further declines. The yield on the U.S. 10-year Treasury bond dropped to 3.63% following the decision. This market reaction accelerated the push for gold prices towards the 2600 level. Additionally, the Fed indicated the possibility of another 50 basis point rate cut this year. Fed Chair Jerome Powell noted that upward risks to inflation have decreased, while downward risks to employment have increased. From a technical perspective, if prices remain consistently above the 2580 level, an increase to 2600 and then to 2650 could occur. On the downside, if the price falls below the 2570 support level, a pullback could extend to 2535 and then to 2482.
OANDA:XAUUSD
by primequotes
“Dollar Index Declines After Fed Decision”The U.S. Federal Reserve (Fed) cut its policy rate for the first time in four years, lowering it by 50 basis points to the range of 4.75%-5.00%. Following this decision, the decline in the dollar index accelerated. Fed Chair Jerome Powell stated that the decision shows increased confidence in maintaining a strong labor market while ensuring moderate growth and bringing inflation down to 2% sustainably. Additionally, the Fed lowered its federal funds rate projection for the end of this year from 5.1% to 4.4%, suggesting the possibility of a further 50 basis point rate cut by the Fed this year. Technically, if the index falls below the 100.50 level, the 100.0 and 99.50 levels can be considered support. However, if it recovers and moves above the 101.0 level, resistance can be observed at the 101.85 and 102.70 levels.
TVC:DXY
by primequotes
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP
“The EUR/USD target is 1.11500”Last week, the ECB cut its interest rate by 25 basis points, in line with market expectations. ECB President Lagarde did not make any commitments for October but indicated that rates are on a downward path. As a result, pricing in favor of the Euro strengthened, with the EUR/USD pair reaching the 1.1130 level. As the new week began, the pair faced mild selling pressure but maintained prices above the 1.11 level. From a technical perspective, if the upward trend continues and the 1.1150 resistance is broken, the next resistance levels to watch are 1.1190 and 1.1275. On the downside, if pricing drops below the 1.1115 level, 1.1045 and 1.10 could act as important support levels for further declines.
by primequotes
Bitcoin Fails to Break the 60K ThresholdThe dollar's accelerated losses due to Fed expectations had only a limited impact on Bitcoin's rise. U.S. spot Bitcoin ETFs recorded their highest daily inflows in nearly two months. However, as the U.S. elections approach and Kamala Harris performed better than Donald Trump in the latest TV debate, cryptocurrencies, led by Bitcoin, lost value. From a technical perspective, if Bitcoin breaks below the 57,330 level, a further decline toward the 55,800 and then 54,000 support levels could occur. On the upside, if it surpasses the 60,000 resistance level, the 63,000 and then 65,000 resistance levels could be tested.
BITSTAMP:BTCUSD
by primequotes