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Weeklyoutlook

💡January 22-26 WEEKLY OUTLOOK💡☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment.
by Yelli_trades
3
15/01/24 Weekly outlookLast weeks high: $48987.12 Last weeks low: $45231.94 Midpoint: $41476.76 Following such a historical week with the approval of the BTC ETF's on Wednesday 10th of January. BITCOIN reached a local high of 49K, since then price has fallen towards 41.5K (15% drop). Price action this week is hard to predict as the ETF narrative has been driving BTC and crypto for quite a while now, with this even over and price falling after the news broke we are now at a crossroads where being bullish here could easily be punished, the halving is months away and the majority of smart money have made nearly 3x gains in one year predominantly due to the ETF narrative and the selling pressure is now high as investors have made substantial gains. On the other hand we have BlackRock who just acquired $10m (11,500 BTC) and other funds looking to do the same, FOMO in these situations can play a huge part as retail investors simply won't want to take the risk and see prices fall lower before buying as they're scared prices will just leave them behind soon. ETF funds obviously want to buy cheap and they are the market makers which would indicate a want for lower prices. A 30% drop is common place in a bull market, BTC would therefore go from 49k to 34K which is nearly in line with the 33K FVG which seems the logical target to me. I think if we see that level it would be towards the end of the week/ next week.
INDEX:BTCUSD
by ProR35
08/01/24 Weekly outlookLast weeks high: $45912.61 Last weeks low: $43426.20 Midpoint: $40939.80 It's ETF decision week! ARK invests application for a BTC ETF has a deadline of January 10th (Wednesday) to either approve or deny registration. At the end of last week we started to see much of the market prepare for this news event as altcoin liquidity moved into BTC or cash ready to be deployed on the result of the decision. We know this as altcoins bled against bitcoin quite dramatically, some alts falling as much as 30% from their recent local highs. For this weeks outlook all eyes are on the SEC for their decision. The general sentiment is there will be a large single candle on approval towards 50K, with a sell off after. History has shown a 30% drop in a bull market is a healthy correction which would see us revisit the mid 30K area before the build up to the halving. It is worth noting that just because that seems to be the most common theory it doesn't always work out that way and especially if on the off chance the ETF is denied, panic will descend on the market aggressively so be careful. Volatility is definitely on the cards this week that is for certain.
INDEX:BTCUSD
by ProR35
02/01/24 Weekly outlookLast weeks high: $43821.44 Last weeks low: $42563.55 Midpoint: $41305.65 HAPPY NEW YEAR TRADERS! A new year has arrived and with it another year of price action or BITCOIN. This year the general sentiment is as strong as it has ever been with ETF's & THE HALVING events in the first half of the year alone. Last weeks price action showed a consolidation just under the local high allowing some of the lagging altcoins to run and others to cool off for the next move in the market. The rumour is ETF decision will be announced this week, there is talk of whether the event is a sell the news event or if it's bullish. I would say I'm sceptical and I have said previously I think it would be a sell the news, the majority of big money players would have made their money on the way up to the decision, not gamble on the result. BTC price tripled in 2022 and those kinds of returns for big investors are great, why risk the volatility after the decision. However... Having said that I would also be a fool to disregard the sheer power of FOMO, a big headline in the news about BlackRock's ETF approval would send retail investors back into the market to make a "quick buck" which brings a buying pressure, volatility and also a risk of a blow-off top. A case for the bulls would be BlackRock would not want to let their brand new ETF look bad, it would need to be an attractive investment and so they would probably do their best to steady and volatility to be able to attract customers and extract fees from them. I do also see BTC being at new highs by the end of the year, so depending on the timeframe of your investment you may be able to ride out the volatility of the ETF's, however you may get a better entry by being agile.
INDEX:BTCUSD
by ProR35
18/12/23 Weekly outlookLast weeks high: $43813.15 Last weeks low: $42006.79 Midpoint: $40200.42 BTC spent the previous week chopping sideways for the majority after failing to continue its bullish structure on the 1h timeframe. For now we're seeing a pullback of ~10% which has allowed profits to rotate into other areas of the market, predominantly smaller cap L1's and other narrative plays such as AI, RWA & gaming coins. The market has needed a pullback/correction after near relentless run. As we near the ETF approvals and the halving volatility will only increase from here. Buying double digit drawdowns on these projects and holding long term is a good way to DCA in for this Bullrun. see my last post for the big picture Bullrun setup. If we see price drop before weekly low and print a new lower low the next support is 38K and 32.5k lower than that for great long term entries.
INDEX:BTCUSD
by ProR35
04/12/23 Weekly outlookLast weeks high: $44745 Last weeks low: $42371 Midpoint: $39998 BITCOIN reaches just shy of $45K in what has been a huge continuation of the bullish trend we've experienced all of this year. A pattern I have noticed and one that can usually be seen in market environments similar to this is: 1. Strong move, usually only a few candlesticks. 2. Consolidation, sideways movement at new level. 3. Repeat first two steps. With each step up, consolidation is getting longer and the rally shorter which shows the market is running out of people willing to go long at this price as selling pressure increases drastically. At the time of writing priced has fallen 7% as the new week has started, with a new lower low, printing a new lower high could show the trend shifting towards short term bearish. This would be healthy for a week or two in my opinion as there hasn't been a healthy correction for a while, 32.5K retest is the obvious place for price to want to retest as new support, this would also be bad for alts as leverage gets flushed out potentially. Now if BTC stagnates the altcoins will have a chance to run as profits flow into altcoins. The range midpoint is a very important level that will determine short term direction.
BITSTAMP:BTCUSD
by ProR35
04/12/23 Weekly outlookLast weeks high: $40446.2 Last weeks low: $38576.9 Midpoint: $36707.5 Going into the final month of the year BTC continues its march into the 40k region after flipping 38.5k (Midpoint) as new support. After the 5th attempt at flipping the key area bitcoin finally managed to breakthrough and with that a surge towards and beyond 40k soon followed. 42K is a huge HTF level for BTC, major reactions in price movement often start at 42k and so it's prone to volatility. During the 2020-2021 Bullrun price bounced off 42k as resistance on the way up, then it was support on the way down multiple times throughout that cycle. Currently there is a large bearish Orderblock located there and so I would predict that only a huge news event/ ETF approval or the halving itself would push us safely beyond this and claim it as new support. For now I am very hesitant to open any new longs, either we consolidate at the current level under major resistance in which case this is a great time to take profits and look to make plans to rebuy lower down as price drops off. For this week I'm looking at where I can get entries going into the new year, the ETF approval is on the horizon along with the halving. Binance has in a way been cleansed and so there really isn't anything holding back a full scale Bullrun. Half the supply & many times more the demand, thanks to BlackRock and other investment groups. We may only get one or two more opportunities for a great entry on a 2 year hold.
by ProR35
27/11/23 Weekly outlookLast weeks high: $38451.2 Last weeks low: $37035.2 Midpoint: $35619.1 Bitcoin continues its choppy price action as the 38.5k resistance remains intact despite 4 separate attempts to break above. This type of price action has allowed other altcoins to run up double digit gains, however the microcaps and meme coins are benefiting the most in recent days and that usually spells a big move for BTC is coming soon. Consolidation under key resistance along with multiple attempts chipping away at the key level point towards a break above 38.5k soon. If this were the case I do think care would need to be taken in going long as the bulls do seem to be running out of steam as of late as investors/traders look to sell positive news instead of adding to longs, a sign of an exhausted rally. Personally I think a bull trap would be the most painful move the market could make here, a swing fail pattern taking liquidity above resistance before falling back down and giving us a healthy correction going into the new year, perhaps targeting 32.5k area. We also still have the looming ETF decision which would kickstart the real Bullrun, however I do believe should that happen there would be more FUD on the lead up to that decisions so institutional investors can get BTC at a better price. It did seem like that was the goal with the BINANCE hearing last week however the market did not react as negatively as the SEC would have hoped.
by ProR35
11/26/23 NAS Weekly Outlook11/26/23 NAS Weekly Outlook #NAS #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: The bullish case will be how we respond to the FDL from Friday. We have price tapping the low at the moment and we will need to watch out for how price responds to the 4H+FVG range we are in. On the LTF, we should see a new +POI form and we can use this to aim for the +LP($), Friday’s PDH and back in the W-FVG. #BearishCase: The bearish care will also revoke around the PDL from Friday. Since we are in the 4H+FVG range, we will need to see an impulse through the low on the LTF and aim for the PDL lows from Wednesday and Thursday. 1H chart 4h chart D chart: W chart
FOREXCOM:NAS100
by Cory4rex
11/26/23 DXY Weekly Outlook11/26/23 DXY Weekly Outlook #DXY #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: A bullish move on Dollars means that we are seeing a LTF move through the 4H-FVG. Once we move through it we see that price uses the 4H-FVG as an IFVG setup to the upside. We then target the previous -POIs, the PDH from Friday and back into the D-IFVG range. #BearishCase: A bearish scenario is a bit more probable at the moment still as we have a PDL from Friday within a few points below us and last week’s PWL as well. The initial moves of the week will need to be how we handle the 4H-FVG made on Friday near the YOP. If we get a reaction within that range we can see continuation to the down side from there. XXX/USD bullish USD/XXX bearish 1H chart 4H chart D chart W chart
TVC:DXY
by Cory4rex
11/26/23 SPX Weekly Outlook11/26/23 SPX Weekly Outlook #SPX #WeeklyOutlook: Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: Currently taking the PDL, however, below this low are the following +POIs, a D+B and two 4H+FVGs. On the LTFs, we need to see how price reacts below this PDL and on the LTF if we get new +POIs with these ranges. #BearishCase: The PDL from Friday is also our POI for the sell setup as well. We need to watch the LTFs for an impulse through the low and on the LTFs once we trade through the low wait for a fresh -POI for a LTF setup. 1H chart 4H chart D Chart W Chart
BLACKBULL:SPX500
by Cory4rex
11/26/23 US30 Weekly Outlook11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. We tapped a W-FVG around 16000 and are in the moment fading into a 4H+FVG that we have already traded up from. On the LTF, after we take the PDL we made on Friday, we will need to watch how price reacts with the FVG on the LTFs #BearishCase: The bearish case is the PDL from Friday as well. If we trade through this low with impulse, then I will aim for the PDLs from Wednesday and Thursday on the LTFs 1H chart 4h chart D chart: W chart
FOREXCOM:NAS100
by Cory4rex
1
11/26/23 US30 Weekly Outlook11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for everyday up until Friday at 11am when Powell speaks. However, we don’t have #NFP until next Friday. So #powell, #UnemploymentClaims, #PCE, #gdp, #Consumerconfidence, will be the big news releases to watch out for #BullishCase: The bullish case is to take the PWH on each of the time frames. There are -POIs above us that are still our HTF draw. In the case of US30 we also have a W-RB(rejection Block)/D-OB that is just above the last PWH. #BearishCase: The bearish case is the LTF -LP($) from the 1H TF. If we trade through this swing low with impulse, then I will aim for the PDLs from Thursday and Friday. 1H chart 4h chart D chart: W chart
FOREXCOM:US30
by Cory4rex
20/11/23 Weekly outlookLast weeks high: $38023.9 Last weeks low: $36284.2 Midpoint: $34544.4 Bitcoin starts the week at almost exactly where it started the previous week, just hovering above the 37k it means BTC had a net neutral price action over the last 7 days. However, midweek saw a 10% range create the highs and the lows before contesting the midpoint. After a strong rally for BTC it looks like 38k is resistance and with ETH struggling to match other altcoins in terms of %gains it leads me to believe that people have rotated their BTC profits and skipped ETH instead preferring to go to newer L1's and smaller cap coins, despite the news of BlackRock's new ETHEREUM ETF proposal. These newer projects haven't experienced a bull market before and tend to have a bigger potential return. For this reason price action leads me to believe that we're getting to the stage of the mini cycle where a lot of people are looking to reinvest the profits they've taken into BTC at lower prices but others want the run to carry on. I think longing into 38K resistance would be difficult, and the market looks to punish late longs generally. Weekly RSI is 74, daily RSI has just dropped below the overbought area after multiple bearish deviations. All TA leads to a retracement and a local high is already in, However, this is sometimes a Fundamental analysis vs Technical analysis battle where the logical answer doesn't always play out and emotions ride high. I'm looking for diagonal support to be held as well as the midpoint from last weeks range to reassure BTC's strength, consolidation under the 38k resistance would be primed to break above and target the 40k big even level.
by ProR35
11/19/23 DXY Weekly Outlook#DXY #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. Probability for dollar this week looks like we will definitely take out the PWL last week that I was sitting at 103.815. We are sitting inside a D+FVG but we have the yearly opening price #YOP just about 0.31% below us and that may be what we’re drawn to at least to tap it. We could see some LTF moves to the up side but the daily and weekly charts are pretty heavily favored to the downside meaning that: XXX/USD bullish USD/XXX bearish D chart
TVC:DXYShort
by Cory4rex
11/19/23 SPX Weekly Outlook#SPX #WeeklyOutlook: Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a 4H+FVG and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs and into the FVGs, and these would be my short terms downside targets. 1H chart 4H chart D Chart
BLACKBULL:SPX500Long
by Cory4rex
11/19/23 NAS Weekly Outlook#NAS #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a 4H+FVG and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. We have a W-FVG that is my main target for us on NAS #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs and into the FVGs, and these would be my short terms downside targets. 1H chart 4h chart D chart:
FOREXCOM:NAS100Long
by Cory4rex
11/19/23 US30 Weekly Outlook#US30 #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On Tuesday we do have #ExistingHomeSales which will ll be something that's an economic gauge more so than something we may want to trade off of, but we can see what happens on Tuesday. After Wednesday, there's not really much going into Thursday and Friday because Thursday is a holiday, although we do close out the week with #PMI. We set the PWL inside of a D+OB and never came back near it. We expanded and created +FVGs on the Daily, 4H, and 1H that held price near the WHs once the #cpi news release on last Tuesday. If we stay in inverse correlation to the dollar I would assume the PWHs are still our targets on the HTF. We set an equal high EQHs with the PWH from 8/28/23. Nothing is really standing in the way of of us pushing higher into them and if we see any LTF moves to the downside I’d take them with the logic that we are trading into bullish points of interest POIs . We are inside of a W-OB (not drawn) and D-OB but the is holding and setting up to push higher. #BullishCase: We see price stalling and react to a LTF POI and bounce to take the PWHs out. I would look for any recent bullish order blocks or fair value gaps and look for price to react there. We have EQHs that is my main target for us on US30 #BearishCase: We are pushing up hard over the past 3 weeks and all the down moves, even the ones that seem to be setting us up for lower price have been bought back up. LTF moves at fresh bearish POIs from the 4H or 1H are the only sell setups I’ll probably look for and doing so with the #BullishCase in mind. We closed out Friday to the downside and we have two PDLs, SSL, and into the FVGs, and these would be my short terms downside targets. 1H chart 4h chart D chart:
FOREXCOM:US30Long
by Cory4rex
11/12/23#NAS #DailyReview #WeeklyOutlook Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly High after trading into the D+VIB and near the Weekly low. We also traded through the D-OB and if it is going to continue to the upside may use this as a new POI. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. #2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below. 4H chart
FOREXCOM:NAS100
by Cory4rex
11/12/23 SPX Weekly Outlook#SPX #DailyReview #WeeklyOutlook: Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there. #2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below. 4H chart
BLACKBULL:SPX500
by Cory4rex
11/12/23 US30 Weekly Outlook#US30 #DailyReview #WeeklyOutlook Took out the PWH and traded into a W-FVG up to the mid point at 34300.6. The 1H/4H+FVG is sitting right at the W-FVG(L) at 34098.9 and if we move up this is likely where I may look for a move up. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure. #1 main goal is the PWH for an initial upside move #2 Pushing down into the +FVG that is the downside move on the LTF but, I want to see if the move is pushing down to move up from there. 4H chart
FOREXCOM:US30
by Cory4rex
13/11/23 Weekly outlookLast weeks high: $38156.9 Last weeks low: $36342.2 Midpoint: $34527.4 Bitcoin continues it's strong march towards 40k with another week of positive price action. Last week we had a bit of a flush out, mainly to liquidate some late longs and hit a few stop losses which is necessary to reset margin traders and is healthy for the market. For now I think the momentum is with altcoins as bitcoin slows down and profits rotate into ETHEREUM and other large caps alts. Then cycling down to the mid caps and smaller market cap coins. The ETH/BTC chart is worth keeping an eye on, it will give us a good indication of strength. Blackrock filed for an ETF for ETH last week too which gives investors added confidence that the BITCOIN ETF will be approved soon. Another big week ahead for the crypto market as a whole, the sentiment is generally euphoric at present, this in the past has been the downfall of people as they get greedy so it's important to take profits at times. CPI & PPI news events this week also, could see more volatile price action during these announcements especially now that more volume has returned to the market.
by ProR35
1