25/10/2021 UpdateJust another update for the daily chart..
BTCUSD looks right on track. Past couple days over the weekend, the 'over bought' indicators have been reset. The TD sequential was reset from overextended a day or so ago, daily RSI has come back down leaving more room to go up.
Tagged the daily 13EMA but still have not hit that all awaited for touch of the 21EMA however this chart shows BTC holding the red box as support, the resistance holding us down is the 1.272 fib level from swing low to swing high (at the time). As long as we stay inside the box IMO we will break out after slight consolidation but MHO I think we will break the box this week and see new ATH's again this week or next.
Thanks for reading :)
Jakk.BTC
Update
$CINR october update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team first began diving into the soda ash industry when a data report which detailed an increasing demand for sodium carbonate was released earlier this year. During our research we stumbled across $CINR. $CINR is engaged in the production and sales of soda ash. $CINR has a facility located in Green River, Wyoming where the compound is resourced.
My team first entered $CINR at $14.28 per share.
$CINR currently sits at $16.38.
Next earnings are expected to be released on 11/1/21.
Our first take profit remains $18.28.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Another CIRUS update. 200ma and PA getting tight.Cirus needs to break above the 200ma soon, otherwise it could act as a strong resistens.
Indicators still looks bullish MACD cross still hasn't played out, but i see som hidden bullish divergence on the retest.
on lower timeframe its possible that we will see a double bottom before a takeoff.
Regards.
The keeper.
Bitcoin... next important soft fork update is comingHi everyone
Bitcoin next soft fork upgrade will happen in next month so after the last soft fork SEGWIT update in 2017
this event can be so important for all Crypto markrt and in my opinion this event can even more importan
than "bitcoin Halving event" or important enough for the Holders, Miners and all the Crypto communities.
but what's the next soft fork update and how it can affect on the Crypto market in future.
..............................................
Bitcoin soft fork is scheduled for block height 709632 which should happen somewhere in November 2021.
Two proposals will be implemented, Taproot update and Schnorr signature update.
>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<
What is a Bitcoin Taproot update?
Taproot is a name for the next Bitcoin protocol update (soft fork). This will be one of the and most important
and anticipated updates since the SegWit upgrade from 2017.
What is Schnorr update?
Bitcoin requires signatures to confirm the transaction. Currently, Bitcoin uses ECDSA, but this signature algorithm
does not natively support muti-sig transactions. Schnorr's signature scheme can aggregate multiple signatures and
output them as a single signature. This increases privacy and lowers transaction size and fees.
.................................................
How this event can affect on the Crypto market?
As you can see on the chart below after Bitcoin SEGWIT Update in july 2017 and Hard fork Bitcoin cash in August 2017
the market sarted a big rally and in five month hit New ATH and buying Climax happend in 18 December 2017
(this is just Fundamental outlook so we can not expect the same outcome and TA after soft fork event)
.................................................
THE CONCLUSION
SO even if this event won't affect on the market as the same happening in 2017 but it could be really important
affection for the future of the Bitcoin and all the Crypto market. I will do Technical analysis and the affection of
this event after new soft fork upgraded.
I will put the WEB references of my research below so you can check them for more details and information.
I also look forward for your opinion in comments and if you find this content positive and pleasant just push the
like button and share your feedback about the affection of this event.
.................................................
en.wikipedia.org
www.nicehash.com
Potential Shark (Update)Price broke the daily trend to the upside on US30, i've extended the Shark leg C to the previous weekly high (Red dotted line) if we get a pullback and rejection I may buy up to that point, depends on PA, If not ill be waiting for price to get to this level before dropping another sell. (Lots of confluences there and lots of trapped liquidity down below which if trend is changing I think will be captured before the bulls continue!)
Let me know your thoughts!
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$FTMUSDT
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BITCOIN TECHNICAL ANALYSIS/NEWSBTCUSD NEWS UPDATES.
Don’t Be Spooked By Bitcoin’s 15% Drop, Now Is The Perfect Time To Make Profits depending on your own personal .
But bitcoin may not recover as soon as people think, as bears are now taking advantage of what once was a panic-induced sell-off.
Bitcoin is approaching $40,000 for the second time in the past two days. It is very likely that bears are trying to drive the price down or investors are deciding to take profits for now. $40,000 is a very strong support for bitcoin. If bears manage to take over this level, the next support would be $38,000.
Meanwhile, two indicators suggest that bitcoin’s price is undervalued.
The MVRV ratio is an asset’s market capitalization divided by realized capitalization.The higher the number is, the more unrealized profit or loss is in the market, indicating that the asset is overbought. While a decreased number suggests the asset has entered an oversold level. The MVRV ratio for bitcoin is decreasing as people panic sell, which is actually healthy for the market in the medium term.
In addition, the Crypto fear & greed index has plunged to a three-month low of 27 out of 100. This index is used by many investors to decide whether the dip is present, because many short-term investors like to “buy the fear, sell the greed.”
Analysts point out that bitcoin could be mimicking its moves during March 2020, when the crash of the stock market took bitcoin down to $3,000. Then bitcoin bounced back and reached its all-time high in the next few months.
Either way, investors are braced for more volatility.
NZDUSD long currently running at over 1:4 risk reward Quick update on the NZDUSD trade I covered the other day.
Trade is currently running at just over 1:4 risk reward and seeking to hit the TP target.
Touched on patience in that post when it comes to trade execution and this shows sitting on hands and letting trades play out is key! I've been in this trade a full week now!
We are not at desired target yet and we have NFP news this afternoon so lets see if we can find that TP target today.
Previous Idea covering this trade can be seen below.
As always trade entry details can be seen on the chart.
We are working the H1 time frame on this strategy.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
GOLD: XAU / USD Analysis (UPDATE). Very strong support!Hello TradingView Community!
Gold is at a very strong S/R level.
At first it functioned as a resistance, than for a long time as a support, then again as a resistance, and now the price has stopped by this level and again it functions as a support.
The price also reacts to the weekly Pivot point R1, from which it is reflected upwards.
At the moment, we prefer to be stay without a position on the Gold spot. It is possible to scalp in the direction of Long, but I would rather wait to see what the middle of the week and today's fundamental news will bring us.
Have a nice day. Your UCT Team.
Stocks stable near record highs after cautious fedGlobal stocks trade little changed but slightly higher Monday after the S&P 500 and Nasdaq 100 posted record closes Friday in the wake of Fed Chairman Jerome Powell's Jackson Hole speech. Europe is also trading positive, with the broad Stoxx Europe 600 near all-time highs. Stocks in Asia and Australia are higher, supported by bargain hunting in China/HK markets. While central banks have repeated in recent weeks/months that they plan to reduce monetary stimulus in the foreseeable future to keep inflation in check, Jerome Powell positioned himself more dovish than most analysts had expected. Powell said the Fed may begin reducing the massive stimulus later this year. However, Powell said the Fed is in no hurry to take action, especially not to raise interest rates. The key 10-year US Treasury yield fell to levels around 1.3%. The USD is stable today after falling sharply on Friday. Oil traded higher on Friday along with other commodities, but moved lower on expectations that OPEC+ will increase supply. Gold is little changed and bitcoin continues to hover around $48,000.
Rarely have opinions been so far apart as to how the Fed will position itself and, above all, how it should position itself. In the end, Fed Chairman Powell surprised the markets with a very dovish current positioning of the Fed. Wall Street remains strong and continues to be supported by the positive statements of Powell, who continues to see the US economy on a good path and also said that the Fed's inflation targets have already been achieved. On the other hand, uncertainties also remain, such as continued concerns that a global economy slowdown, that the inflation spiral (especially in the US) will continue to turn, and that the end of cheap money will trigger a correction. I can understand the fears of the correction and also assume that there will be a countermovement in any case when the Fed starts to gradually reduce stimulus measures. The markets currently remain in a risk-on mood, so we will continue to see stocks climb slightly higher. The S&P 500 is already up more than 20% in 2021, but continued high stimulus, strong quarterly results and reopening momentum leaves room for upside. The dollar will remain stable, but may well recover from recent losses towards Friday, provided US non-farm payrolls are positive. Volatility overall will remain relatively low as markets continue to look for more guidance.