GOOGL / Google (Alphabet Inc) - Idea Ihey guys…
Yearly: Bullish Engulfing
-> 165 178 and 186 as well as 200 are important zones to watch.
Quarterly:
Very Bullish Candle
-> Expecting a bit of Profit taking here to give a chance to reload.
-> invalid above 186
-> Stochastic is OB
Monthly: Only a little bit of bullish gains compared to previous candles.
-> Stochastic is Overbought and showing signs of making a lower high.
-> Trend is bullish but we could see some profit taking soon.
186 line is a strong resistance, strong support at 173 - 178 , 165-170
3D Ascending triangle formation,
-> Stochastic OB since March
-> Neutral market until a break of the structure.
thanks for reading
Youtube
Gold Price ActionHello traders. As you can see, the market was in a downtrend, then it drifted sideways, and then it moved higher again once the liquidity was swept away. And during the moving process, it leaves a fair value gap (FVG) that must be filled. We can wait for the price to fill that zone. However, avoid trading during news events. Best wishes, and happy dealing. Thank you very much.
NAS100 Price ActionGood day, traders. As we can see, the market has broken the structure or skewed upwards, creating a trap for retail traders, which we might term weak support, but below is strong support. However, the market can still go in any direction, so minimize your risk and protect your balance. Details videos are being uploaded to the channel. Best wishes and pleasant trading. Thank you very much.
SP500 Price ActionHello, I was so busy constructing my liquidity level tool this week, which is finished but still in the works. Let's get to the point. As we can see, the market makes MSS, which stands for Market Shift Structure (MSS), and the market may move upwards. Depending on the market, we can go long with little risk and aim for 1:5 to 1:10. Remember to control your risk. Until then, go through your trading journal. I wish you the best of luck. Good luck with your trading. Thank you very much.
USDCAD Price ActionEURUSD has just reached a 1:5 ratio. Don't forget to watch the previous analysis. Now we can see that the USDCAD is making a Strong Low and a Weak High, and we can see liquidity in the trendline area. Then, switch to the 5/15 minute timeframe to determine the imbalance and wait for a retreat for a long entry. Scalpers go for 1:2/3 and day traders go for 1:5/10, but the market is closing today. So trade with caution. I wish you the best of luck. Thank you very much.
EURUSD Price ActionGood day, traders. As I said in my previous video, there is a reasonable likelihood that the price will fall again, and it has. Also, I can see strong rejection and BOS and then move to a lower period, like 5M, for entrance, with more specifics explained in the videos. Don't forget to manage your risk. RR depends on your trading strategy. Thank you very much.
GOOG is in an early reversalGOOG with its dominant search engine, YouTube, Maps and other apps besides cloud services
is a revenue gisnt. On the daily chart, it has had a respectable 40% YTD . However, I see signs
of a reversal. Added to the chart are the anchored VWAP bands beginning from the earnings of
November 2022. Price is in the neighborhood of 3 standard deviations from the mean. This is an
area where institutional and professional traders like to sell and earn their profits. Several
recent candles had wicks beyond that third standard deviation line. The candle stick analysis
is that of a " 3 bar play" - in this case, a green candle then a Doji candle suggesting indecision
and finally, a red candle documenting the change in direction. The ADX indicator shows
the weakening of trend directional strength topping out and then decreasing. The POC line
of the long-term volume profile is about the same level as the mean VWAP line. That is to
say, there is congruence there and so a very strong buying zone with high volatility
Overall I will take a short trade in 20 shares of GOOG with a stop loss at 129 and take a profit
of half at 106 ( above the POC line) and the other half at half at 103 ( near VWAP) using a sell-
stop order when the price crosses $ 0.25 below market to assure the direction
validation. If the trade goes in my direction to the target I expect a R0! of 15- 18% overall.
IF you want to know my idea of a good option trade leave a comment. IF you take a short
trade on the stock, I wish you the best of luck in your trade. I will adjust
stop loss down to the entry price when the stock price goes under 120 to make the
trade risk-free and then decrease the stop loss price by 4.50 upon market of 115. When
the market goes under 110, I'll change the stop loss to a trailing loss of 2 % and when it goes
under 108 change the trailing loss to 1% as alerted by alerts on the price that I have setup
to minimize screen time in trade management .
How to run a marketing business in Bitcoin in 7 steps.This is how influencers make loads of money. I am just using this one as an example, because I know them the best. They are probably not the worst one.
Step 1. Make it look like you are mega rich and successful, basically make sheeple aspire to be you so that they forget logic and reality.
Step 2.
Open your mouth really wide. I have NO idea why this works but they all do it. Lazily copy the same image many times. Mirror image is fine.
Step 3.
Make it seem like you have to act RIGHT NOW! Use buzzwords that new traders have heard of, like Golden Cross.
Step 4.
Exaggerate the tiniest move. When Bitcoin is flying, encourage buying, because that's what sheeple want to hear. It triggers their greed. When the price is in the toilet, encourage them to sell, because that triggers their fear.
Step 5. If your analysis turns out to be wrong, remove the video or change its name. (I have proof, before you ask)
Step 6. Have affiliate links with brokers and exchanges so that every time someone deposits you get a massive cut, as the exchanges know sheeple are going to lose as soon as they start. Don't forget that 90% of new traders lose 90% in 90 days. The exchange knows this, and can pay you half of the deposit if it wants to, and still make money.
Step 7. Profit from the affiliate links and the YouTube views. No need to trade. Even shill a coin that you create. Easy money. It's all in the marketing team.
Don't be sheeple, people. Listen to logic. There is still likely to be a long time before this plays out. We are bullish of BTC, but we want to wait for confirmation, not just buy every 5% rally and sell every 5% drop.
We have been saying that this is the value area for months. If you have been listening, then you have averaged your purchases below like 28k, and you are in cash with no margin. Trading BTC on margin is a bit of a mug's game. Too easy to get wicked out.
28k may sound high as a starting point, given the low, but it sure ain't 35k or 45k or 67k like the influencers recommended. I am long at around 22k on average and happy with it.
We expect another visit to 30K but probably also 18k or lower, just to iron out all those who got excited since January, and make them feel sad enough to sell.
If you have any ammunition left, save it for the next drop, or wait for confirmation and buy it higher. Less reward but a LOT less risk. These price movements are good signs, but it is EARLY IN THE PROCESS
Patience is a hard skill. Good luck. Stop listening to these people. Calm down.
BTCUSD AB=CD ?good day everyone,
first this is not a financial advice but i am posting what i see now in the market ...
here we have the harmonic AB=CD bearish pattern
if you want to play it make sure to stop above point D
targets shown on chart
please do not use high leverage to avoid liquidations
good luck
Description :
The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins. The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins.
Alphabet - Earnings report sends shockwaves through the marketYesterday, Alphabet sent shockwaves through the stock market after the close when it published its earnings report for the third quarter. The revenue was up 6% from the year earlier, and earnings per share stood at 1.06 USD, missing analysts' estimates. This earnings report is yet another line to confirm our thesis about the market progressing into the second stage of the bear market, with companies warning about the slowdown and failing to deliver expectations.
We expect this trend to continue during the next earning season and slowly lead the market into the third phase of the bear market. The same view is supported by the fact that the FED is about to increase interest rates next week and further tighten economic conditions, making a primary trend reversal very unlikely.
Therefore, we believe the reality will soon creep back into the market, and those who were buying the dip in hopes of catching a bottom will fulfill our prophecy once they sell those shares back to the market. As a result, we expect Alphabet to continue lower with the rest of the stock market.
Illustration 1.01
Illustration 1.01 displays the daily chart of the Alphabet stock. The yellow arrow points to the price retracement toward the 50-day SMA, representing a strong correction; the same retracement can be observed on the daily chart of Apple, Microsoft, General Motors, etc.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for Alphabet stock on the daily graph.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are slightly bullish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOOGLE- Correction Incomplete?Alphabet (Google) misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
Alphabet shares dropped more than 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth.
Earnings per share (EPS): $1.06 vs. $1.25 expected, according to Refinitiv estimates.
Revenue: $69.09 billion vs. $70.58 billion expected, according to Refinitiv estimates.
YouTube advertising revenue: $7.07 billion vs $7.42 billion, according to StreetAccount estimates.
Google Cloud revenue: $6.9 billion vs $6.69 billion, according to StreetAccount estimates
Traffic acquisition costs (TAC): $11.83 vs $12.38, according to StreetAccount estimates
Revenue growth slowed to 6% from 41% a year earlier as the company contends with a continued downdraft in online ad spending. Other than one period early in the pandemic, it’s the weakest period for growth since 2013.
YouTube ad revenue slid about 2% to $7.07 billion from $7.21 billion a year ago. Analysts were expecting an increase of about 3%. Alphabet reported overall advertising revenue of $54.48 billion during the quarter, up slightly from the prior year.
Philipp Schindler, chief business officer for Google, said the company saw a pullback in spend on search ads from certain areas such as insurance, loans, mortgage and cryptocurrencies.
Chart:
99,82 was not checked which according to my analysis would had been a good entry to comfortaby go Long/Buy on such a Tech Giant.
84.58 also unchecked.. that would be the level i would be buying BIG
At this stage, my analysis is that the correction is NOT complete. The resistance at 110.98 will most likely reject the Bulls and that's alevel I would personally go short at.
Fundamentally this is one to hold on too, or Buy. I spend a lot of time on Youtube..which needs to get rid of all the scam ads and annoying ads. There are issues there that need to be fixed.
Concerns:
''Google also canceled the next generation of its Pixelbook laptop and cut funding to its Area 120 in-house incubator. And last month, Google said it would be shuttering its digital gaming service Stadia.''
It look to me as if the Giant called GOOGLE needs heads with more vision... Young fresh minds is the solution. Let's hope they can figure it out.
Extras:
''company will cut headcount growth by half in Q4''
They say investors like that approach and it might help the share recover today's losses . to me this is bad news, it shows they need to do better..employing more people means success, not failure.
Let's wee what happens..I will come back to this post in due time.
One Love,
The FXPROFESSOR
BITCOIN (BTCUSD) - Time for more downside!Bitcoin looks prepped and ready for further downside after repeatedly failing it's tests to break through local resistance. Uncertain week ahead with increasing war tension.
We are overdue a macro relief rally towards 23/24k however not sure it is here yet, maybe second half of the month or after a new low, let's see.