Bitcoin it's ready to blow up in this bull rallyBitcoin continue with the 2nd weekly in positive and the greenback of bulls. So guys, in weekly timeframe. I see two perspective in the price to watch.
My target in $52,179 USD and $69,000 USD. So, I don't have doubt that Bitcoin could to hit the historical maximum price around $69,000 USD.
Weeklymarketsanalysis
Strategy, Support, and Resistance - 3/27/2022Catching up to the market moves over the last week. Bitcoin, Ethereum, and all Cryptocurrency is trending bullish with an official bullish breakout since November. I look at the target Resistances for this current trend. Traders and Investors are slowly beginning to accept that the stock market is recovering from the recent correction as the S&P 500 has hit and broken the Resistance. Stocks like NVDA and TSLA are recovering well. I think that Oil may have topped out.
ADA/USD: Weekly timeframe analsyisThis it's very interesting what I see. Cardano it's find up a strong support around $0.98 cents in weekly timeframe.
Also guys, I update this background to blue white just for cryptocurrencies and stock market like my template for this market. So guys, Cardano it's in this bearish channel that maybe could to break up. So, tomorrow we have a clue to know the weekly timeframe on how this weekly candlestick will closed up.
So guys, I love to trade cryptocurrencies and stock market by H4, H8, Daily and weekly timeframes. I'm more Day Trader and Swing Trader for this market.
I hope that this idea support you so much!!!
EURGBP Long?It is looking like a regular MM cycle.
- 1.5-2 days of move in one direction (False Move beginning of week)
-Mid-week reversal (Wednesday)
-Thursday price came slightly down but respected Wednesday's lows
-Multi-session W
We should see a move up today into tomorrow London's session.
"The patterns repeat themselves with statistical reliability BUT the OUTCOME that the pattern is predicting is RANDOM"
Possible Bullish Run This WeekBULL:
• 1.40063
• 1.40569
• 1.41038
• 1.41566
BEAR
• 1.38777
• 1.38222
• 1.37820
This is showing volatility like it's getting ready to begin a bull run this week. But, with COVID rearing its ugly head again in some European countries, and the war, it might continue to keep dropping. We'll know when price stops jittering about.
USDJPY HIGHER TF ANALYSISPersonally, seeing those continuous pin bars on USDJPY on the weekly TF is not favourable to trade swings. Hence, I will be on the lookout on the smaller TF to look for momentum and hop on trades depending on smaller TF confluences. In depth analysis is mentioned on the chart itself.
US30 Sunday analysis 3/20/22Hello traders! here is my analysis for US30, we are currently in an uptrend creating HH & HL, breaking from previous structure. The market is approaching area 34970 which is a strong level with previous support and resistance points.
1) the market can break and retest 34970 area and continue the Uptrend (HH & HL)
2) the market can reach the 34970 area and reject towards the downside to then look for short positions (LL & LH)
Strategy, Support, and Resistance for Week of 3/20/2022Consistency is key and even on vacation I want to know my levels for the week ahead. The stock market indexes; S&P 500 and Nasdaq, had a huge rally that has brought them and key individual stocks like TSLA up to Resistance Levels. This week's price action will be KEY! Crypto is flirting with breaking out of its recent consolidation but I am being patient. Fear and Volatility about Interest Rates and Ukraine seem to be abated if we look at the VIX volatility index which is really telling the story of this rally.
Euraud Analysis from 21-03-2022We share here a continuation analysis on EurAud for the coming week.
Technically, we spotted a demand zone formed from last week an price reacted real nice but was short lived, recently we see price approach the Weekly demand zone from where we expect to see bullish reaction to take a trade from.
UsdCad Analysis from 21-02-2022The idea shared is an analysis of USDCAD for a mid term swing.
Fundamentally, The CAD has shown strength owing to the recently released
retail sales reports as opposed to the retail sales report from the US earlier on.
Sentimentally, due to the recent shortage in supply for oil, the demand for oil has increased and
given that Canada remains the 3rd largest exporters of oil, we expect to see a rise in the value of CAD.
Technically, the pair has been ranging in a supply zone as shown in the schematics and explained in our analysis video
with the recent break and close below the moving average on the weekly and daily chart.
it is expected for price to fill in the supply zone and then continue downwards.
, price may have to retest the previous support level and face
resistance there for a drop in price.
Our sentimental bias hence is to watch and plan for a sell trade on UsdCad.
Lets go take some risk, lets go make some money, Millionaire Logistics.
Euraud Buy idea from 14-02-2022. trade already activeHere We share with you a trade idea on euraud.
There is no much information fundamentally.
Technically, after a massive impulsive fall on Euraud, we saw a bullish weekly candle at a key demand zone, looking further to the daily charts we saw a bullish pin bar (Hammer) giving us reasons that the Euro may be looking interesting for a buy.
Because, we over here had already taken a buy position on this trade, we added in the analysis our entry, stop loss and expected target profit.
Let's go take some risk, let's go make some money.
BTC Bullish on weekly chart ;-)* Seems we are in a ABC Elliot correction wave ready to take off.
*People that sold at 60-70k already sold, holders who doesnt seems to continue holding.
*BTC on Exchanges are LOW
*RSI in same levels from last bullrun to 69k
My prediction is BULLISH on weekly chart.
NOTE
Weekly chart, we have to wait 3-6 months to see
Not Financial advice
Just my thoughts and wishes
GBPUSD weekly forex analysis and education for 14-03-2022The idea shared is an analysis of GbpUsd for a mid term swing.
Fundamentally, The Usd is still showing strength owing to the recently released
NFP reports. Next week will shall be keeping an eye on interest rates desions.
Sentimentally, As the UK enforces hard economic sanctions as a result of Russia's
involvement in Ukraine, sanctions placed on one of the biggest economic contributors
in Europe (Russia), Investors are likely to be skeptical backing the British pounds. For this pair, the Usd is favoured.
Technically, the pair just broke a structural level on the Weekly charts
with the recent demand zone broken (refer to our previous analysis on GbpUsd), a supply zone also
created on the 4hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards.
On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face
resistance there for a drop in price.
Our sentimental bias hence is to watch and plan for a sell trade on GbpUsd .
Let's go take some risk, let's go make some money, Millionaire Logistics.
GOLD moving to new highs? 🦐GOLD on the daily chart is testing a weekly resistance level at the 1910.
The price has broken the descending weekly trendline showing us a market strength and the uncertain economic situation can create a new bull run on XAUUSD with a test of the previous historical high.
How can we approach this scenario?
The bull pressure on the weekly resistance with high volumes can increase during this week and a break above that area will be a sign of strength.
We will monitor the price after the break and consider a long order if our Academy rules will be satisfied.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Weekly Levels - February 20, 2022 (Crypto, Stocks, Commodities)Crypto is open all week but stocks are closed for President's Day. Let's do our homework to see where the key levels are for Bitcoin BYBIT:BTCUSD , Ethereum BITFINEX:ETHUSD , the S&P 500 AMEX:SPY , Gold COMEX:GC1! , Oil NYMEX:CL1! and Apple stock NASDAQ:AAPL
Gold Weekly Forecast: Gold is heading to uncertainty. The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after.
Before this weekend's holiday festivities and tomorrow's FOMC Chairmen Powell addressed Friday at a Bank for International Settlements seminar. "Inflation will linger longer than predicted," he said, adding, "the tools available." However, with 2022 so close, there seemed to be less fear about an eventual fall down to earth.
What happened last week?
The market's defeatist attitude was exacerbated by China's weak growth figures, which boosted the dollar.
POSITIVE EARNINGS STATISTICS LIFTED large US banks' equities on Monday, helping the major Wall Street indexes gain traction. This allowed risk flows into financial markets to restrict XAU/USD losses once more, as USD weakness drove them up (and rising Treasury bond yields).
This trend persisted on Tuesday, with no significant macroeconomic reports supporting commodities like gold mining shares.
The S&P 500 Index closed at an all-time high this week, as gold rose to new weekly highs. On Thursday morning, initial unemployment claims fell below 290K for the first time since March 2020, adding to the evidence that things are looking up in the West.
With the recent interest rate hikes by the Fed in December, they have increased the opportunity to return capital through traditional lending markets while still keeping rates low enough that people won't notice much impact if any.
What About The Next week?
Investors stay on the sidelines ahead of major events, so the market is unlikely to react substantially. What will include these figures in a US economic docket on Tuesday, but they could impact the future because of how soon they come out.
While you may have had a lot going on in your brain, including fear or excitement, the tone of your output should stay nice.
We will get our first estimate of third-quarter GDP growth from the Bureau of Economic Analysis. Given that the lackluster September Nonfarm Payrolls data did not change the Fed's tapering plans. We could see another leg upward in T-bond yields in the coming weeks.
A breach above 1.75 percent for the benchmark 10-year Treasury yield would open the door to new prospects for dollar strength. If you've been struggling financially because your income isn't quite enough longer, these figures may be able to help you get back on track.
On the one hand, if the Federal Reserve delays its planned reduction in asset purchases to cool down the markets, it might generate significant investor issues.
Anything might happen in the market next week, given how unpredictable it currently is. Several pieces of news will be released that could have an impact on the direction stocks take.
Facebook's earnings report will be released on Wednesday (in which they forecast $5 billion in revenue). Amazon's quarterly results after trading hours on Thursday evening EST/Wednesday afternoon PST. They are expecting to generate more than $55 billion this time around.
Still, it depends on whether there was any disruption from last month when one of its distribution centers experienced an overflow during Prime Day, which caused some shipments to be delayed.
XAU/USD Technical Analysis
Technically market is on an uptrend in a short time frame. But along bearish candle may send the gold lower, as I have seen many times before.
Last Friday, Powell didn't send any strong message; instead, he was a bit dovish. Still, gold dropped from the rising trend line. As two weeks back, average earnings rose, and next week some big tech company will release their earnings report. So it is supposed to have good earnings reports.
So, fundamentally there is a chance that gold may drop again. from the present rate, $1780/1775 will play as a strong support zone. Breaking below $1775 gold may test the $1760/1763 price zone.
Breaking below $1760, testing the $1745/1750 price zone won't be hard. Absolutely $1745/1750 will act as solid support. And we have seen some upward correction nearly $1780 price zone again from $1745/1750.
Finally, if we see gold price breaks below $1745, we will set our last target at the $1720/1725 price zone.
On the other hand, $1808 is the immediate resistance from the present rate, and the swing area is identified at the $1715 price level. So, we may go for but if the gold price breaks above the $1715 price zone. $1730/1735 has been acting as an acritical resistance for a long time.
So, if we buy above the $1715 price zone, we must close it to nearly the $1730 price zone. If gold price can break above #1735 price, we must think for a long term buy at least almost $1900 price zone.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here's our weekend analysis for the week's trades by our Indicators now available Open Source by looking at a glance at the BINANCE:BTCUSDT Daily chart using the “Traditional” settings with the Ichimoku Kinko Hyo.
Tendency:
As described in the previous weeks, the downtrend weakened a lot and the Kijun Trend Indicator also indicated the reversal. Right now the price is in a critical area as it is on the Tenkan Weekly and it was rejected by the Kumo. Most of the short-term lines confirm the uptrend desire and the Senkou Span A and Senkou Span B are getting closer and closer.
Supports and Resistances in the area and not only:
- 75000.00 by Fibonacci
- 67000.00 by Historical Maximum
- 66001.41 by All-time-high Chikou
- 51800.00-52600.00 from Ichimoku Flat areas/Chikou Cusps
- 40500.00-40700.00 from Ichimoku Flat areas/Chikou Cusps
- 33500.00 from Ichimoku Flat areas/Chikou Cusps
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the Current timeframe.
Moreover, let us remember that the various lines of the Ichimoku serve as price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Heikin-Ashi:
The Heikin-Ashi confirmed the Kumo rejection that stopped the green series and not presenting some strong red candles.
Fibonacci
CryptoFall, which identifies Fibonacci levels, still shows us a long-term positive sentiment and places the 0 upwards on 75000. Price is at 0.618. Usually a retracement is considered from the 0.382 to 0.618.
Conclusions:
BTC continues to be in a downtrend but there is a possible reversal.
It is important to evaluate the closing of the week on the following price structures:
- Bullish 45000
- Bearish 40500-41500
For the Bitcoin Dominance and Altcoin Cycle we can consider the Weekly variation:
- Total Crypto Market Cap: Decreased
- Dominance of BTC: Increased
- Price of BTC: Increased
- Alt Cycle Expectation: Decrease
Thanks for your attention, happy to support the TradingView community.