Crypto_Byte9

Crypto_Byte9 Updated 

I am currently observing the US100/Nasdaq on the 4-hour chart, and in my analysis, it appears that we are poised for a retracement lower. This week, there was a rejection from the weekly rejection block dated July 23, 2023, situated in the upper quadrant. 📉 There is a noteworthy weekly correlation with ES/US500 from August 28, 2023, to the present week. While...

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Bitcoin is currently situated at a crucial juncture, a point I've been anticipating for quite some time. Numerous bearish and retracement signals are emerging on the charts, encompassing traditional chart patterns, indicators, and ICT concepts. Let's delve into the details. In terms of traditional chart patterns, a rising wedge is currently forming on the 4-hour...

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As an investor in Altcoins, I find the total market cap concerning. Therefore, I've decided to book some profits and adopt a wait-and-see approach. I'll closely monitor the market's reaction to the Monthly Breaker level mentioned on the chart, as a bullish indication. If the market closes above the Breaker candle, I'll consider investing in small-cap coins with...

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Currently, I maintain a neutral view on EUR/USD as it appears that the major move has already transpired, and the possibility of consolidation exists. Additionally, there is significant news regarding war between Palestine and Israel, prompting a flight to safe-haven assets like the DXY or Gold. Notably, over the past few weeks, both the DXY and gold have been...

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Not my usual style, as I don't trust or trade classic chart patterns cuz i m in love with "ict concept", but the SP500's daily chart shows a classic head and shoulders pattern forming. Brace for a potential drop. What's your take? 📉📷#sp500 #indices #marketanalysis

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Last week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity. However, I would now prefer to see DXY...

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This is what I'm observing on the Nasdaq using the daily time frame. The current area of interest coincides with a daily bearish sentiment, along with the Fibonacci retracement level at 62%. Let's see how this performs.

Crypto_Byte9

In the upcoming week, I'm eyeing early-week possibilities for a slight retracement in DXY Eventually, we may witness a breakthrough of the previous highs. As a result, my outlook for the upcoming week leans towards a risk-off scenario. My expectation is that the DXY could potentially touch key levels at 106.161 and 106.011 before embarking on an upward trajectory.

Crypto_Byte9 Updated 

Last week, the Euro (EUR) fell below its yearly low 2023 for the first time in several months, and retrace back breaking through the bearish premium discount trend during the NFP news release. This suggests that a retracement may be imminent. As seasonal tendency also align that there is potential retracement in Euro and Dxy I am currently monitoring the...

Crypto_Byte9

In-Depth Analysis of Bitcoin's Higher Time Frame When it comes to Bitcoin's higher time frame, my perspective leans towards a bearish outlook. In my analysis, it seems like we're witnessing a retracement rally, signaling potentially challenging times ahead for the cryptocurrency market. Waiting for Deviation from Higher Time Frame Bearish trend As someone who...

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In September, I had a bearish outlook for the Euro and successfully traded it, yielding over 250 pips in a month. The trade also provided numerous short-scalping opportunities as the Euro approached my higher timeframe target. October Euro outlook I still lean towards a bearish outlook for the Euro in October. I anticipate that the Euro may continue its downward...

Crypto_Byte9 Updated 

In the upcoming week, my optimism remains steadfast. The DXY continues to exhibit an upward trajectory, with its target poised in that direction. The recent Break of Structure (BOS) formation on a higher time frame solidifies my conviction in the DXY's potential for further up move. However, a measure of caution stems as approaching month of September. It's worth...

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I am an indices trader, but this time, I believe that EUR/USD is exhibiting significant potential for a downward movement. To confirm this, I'm looking for a daily candle to close below the orange line on the chart. Once that daily close occurs, I plan to take an aggressive short position. Additionally, if there is any retracement back to the fair value gap, which...

Crypto_Byte9 Updated 

In the upcoming week, my outlook on the Euro remains bearish. However, it's important to note that we have the Consumer Price Index (CPI) report scheduled for release this Wednesday, which adds an element of uncertainty to the market. Currently, I am closely monitoring two possible scenarios. The first scenario, which I personally prefer, is represented by the...

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I'm presently evaluating the likelihood of a further decline in the Euro's value as we approach the final quarter of 2023. A comprehensive analysis of historical data spanning the past two decades reveals a bearish trend for the Euro in the month of October. To anticipate a substantial downward movement, it is imperative for the Euro to secure a weekly closing...

Crypto_Byte9 Updated 

In the past week, despite my initial interest and expectations for a downward movement in the EUR/USD following the FOMC meeting, the currency pair did encounter a notable rejection from the area of interest but failed to gain the desired momentum towards the downside. Furthermore, it concluded the week with a close above the 1.06347 level, which has led to a...

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We have currently witnessed a shift in the market structure on the 4-hour chart. My perspective is that it would be preferable for oil to experience to run imbalance before any potential rally. In light of this, I believe there is a distinct short setup that presents an attractive risk-to-reward ratio.

Crypto_Byte9 Updated 

In the upcoming week, I will continue searching for potential short opportunities. I am also interested in Nasdaq to trade in weekly FVG