CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
Previous week’s red candle means that for us the CAD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 108.830.
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Bullish Patterns
NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 87.117 area.
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SUI/USDT 1D SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging.
There are a few key points on the SUI chart that catch my eye:
- 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels, instead of waiting for a pullback for example.
- Clear Higher high and higher low structure indicating a bullish trend on the daily. Invalidations are more obvious when a structure like this is broken.
- Plenty of room to grow going into Q4, the range is clearly mapped out with key Orderblock levels that will more than likely be resistance levels and so they are the targets to take profits, hedge or de-risk while assessing where SUI will go.
With this being SUI's first Bullrun history shows the newer projects do better off in terms of ROI that's if they survive, from what we have seen so far this cycle I believe SUI will be a strong project going forward.
Btc Long Scalping📊 BTC/USDT Analysis 🤑
Taking a deep dive into Bitcoin's latest price action, here's my latest chart with key support and resistance zones, trendlines, and potential entry/exit points.
🚀 Technical Overview:
🔹 Major Support:
🔹 Major Resistance:
🔹 Current Trend:
💡 Key Insights:
Breakout Alert: Keep an eye on the resistance at , a breakout could signal a strong rally.
Risk Management: Watch for support at to protect downside risk.
Volume Trends: An increase in volume could support the next move, bullish or bearish.
What do you think? Drop your thoughts below and let’s discuss potential scenarios for Bitcoin in the coming days! 👇 #BTCUSDT #CryptoAnalysis #Bitcoin
SP500 Can Break To All-Time Highs After A Triangle ConsolidationBack in August the SP500 turned down for a deeper correction back to 5k area, at the same time when drop on all major indexes and some big cap names were pretty aggressive. However, there was a huge spike in VIX (not shown on this chart), so it must have been a lot of fear involved, which after initial selling shows extreme pessimism and that's when the market tends to stabilize, when least expected.
Well, what is most important is that we have seen some stabilization through most of the second part of August, but notice that the index did not reach new highs; it turned down at the start of the September, after moving up to 5655 area. So, we think that recent drop to 5400 area is actually subwave (C), ideally part of a complex correction, possibly a triangle in wave 4. Especially because of a recent turn up, that looks like a wave (D), so be aware of a slowdown in wave (E), which is still missing based on basic structure of a triangle pattern.
Anyhow, we think that sooner or later index will break to a new highs, ideally after FED rate decision.
Forming a nice double bottom on WFC! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Good Opportunity to Open AMD positions at these price ranges Simply I am buying NASDAQ:AMD at 133 and waiting to sell my positions with about 35% up and expecting to rise up from the current price ranges which is 132
The company is making a good growth QoQ and YoY and now it is in a good Demand zone
My Target is 187$
Stop loss is any daily close below 122$
This is my personal trades and it is NOT a financial advise
Leave a comment about what you think
16/09/24 Weekly outlookLast weeks high: $60,638.89
Last weeks low: $54,371.86
Midpoint: 57,505.38
Bitcoins price action mirrored that of the week that proceeded it, with a steady climb from the start of the week, peaking on Friday close, witha weekend sell off to end the week. Looking at the chart the Midpoint needs to hold if there is a chance of continuing the rally beyond $60,000. I could see price action being nervy until the FOMC in midweek.
Last week we saw BTC go through multiple news events such as CPI, PPI in the US but also the ECB rate cut decision. The European central bank cut the interest rate from 4.25% to 3.65%, a cut of 60bps.
This news has flown under the radar in my opinion, not many people are reporting on it could play a part in the FEDs decision on Wednesday. So far the rate cut looks to be a 25bps reduction from 5.50% to 5.25%. That leaves the US significantly higher than Europe and so in theory Europe would have the opportunity to be more risk-on than America as credit is cheaper.
I would think that the US wouldn't like this and would seek to do something about it, that something would be a bigger cut, a 50bps cut closer to the ECB would bring the US more inline. Naturally this being the beginning of the rate cut cycle it's a marathon not a sprint and although the ECB started out strong the cuts may taper off sooner than the US, that's a whole different story but for this week this is the big focus.
CHF/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 168.925 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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TWLO, rebalance to FVG, then make a bullish liquidity run So, my current analysis is built around a bullish bias on this chart. I’ve identified a few key elements that are lining up to potentially signal a strong move upward:
Bullish Block Breaker: First, I've identified a bullish block breaker. This occurred when the price broke above a significant resistance level, indicating a shift in market sentiment from bearish to bullish. This breakout suggests that buyers have taken control, and it's often a sign of a potential trend reversal or continuation to the upside.
Fair Value Gap (FVG): After the bullish block breaker, the price left behind a Fair Value Gap. This gap is an area of price imbalance, where the market moved too quickly and didn't allow for a balanced trading range. I'm looking for the price to potentially retrace into this FVG, as the market often seeks to 'rebalance' itself by filling this gap. This rebalancing process can provide a strategic entry point.
Bullish Order Block with 50% Retracement: Within the area where the FVG resides, I've also identified a bullish order block. This is an area of previous consolidation before the strong upward move. What adds confluence here is the 50% retracement level within this order block. This 50% level is crucial because it often represents a fair value area within the order block itself. Institutions and smart money traders often look to add to their positions around this level. So, if the price can hold above this 50% mark within the order block, it significantly increases the chances of a bounce.
Confluence Zone: The combination of the FVG, the bullish order block, and the 50% retracement level creates a strong confluence zone. This area serves as a potential support level where I expect buyers to step in if the bullish bias is to continue.
Looking for a Liquidity Run: After potentially rebalancing in the FVG and finding support within the order block at the 50% retracement level, I’ll be looking for the price to make a move towards a liquidity run. The target here would be key liquidity zones, such as previous swing highs or resistance levels. These are areas where stop-loss orders from short sellers or breakout orders from buyers are likely concentrated, acting as a magnet for the price.
USDJPY Breakout And Potential RetraceHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 140.400 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 140.400 support and resistance zone.
Trade safe, Joe.
USDT Market cap & Bitcoin Price Update"$15k to $74k"...In this bitcoin rally, market dumped total 5 times 📉
But every time the CRYPTOCAP:USDT market cap is just going UP📈 Whales are pumping market by buying every dip🚀
After touching $74K, btc price dumped -32% but USDT Market cap pumped almost +16%
It indicates that usdt is printed daily to buy the dips!
pbs.twimg.com
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2017 : USDT MCAP 1.4B - BTC ATH 20K
2021 : USDT MCAP 82B - BTC ATH 69K
2024 : USDT MCAP is now 118B - BTC Price is $60K
USDT pumped +44% but btc still below previous ATH
The Bull Run is not over!
pbs.twimg.com
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Falling Wedge Sees Bullish Order Block! - EUHere I have EUR/USD on the 4Hr Chart!
EU Bears have been pulling price down forming what seems to be a Falling Wedge since the end of August but could the Double Bottom made by the Sell-Side Liquidity and New Swing Low be a sign that Price is loading up to make its Bullish Break?!
Now we see Price after being rejected from the Falling Resistance, descending to the Break of Structure @ 1.10548 and the Order Block responsible for sweeping Sell-Side Liquidity @ 1.10437 being the Entry Range for when Price comes down and Successfully tests the Order Block!
*This rejection also creates a Higher High or disruption in the Downtrend suggesting power transfer from Bears to Bulls.
Now another big tell is the Bullish Divergence between the RSI and Lows of Price testing the Falling Support!
Also the presence of Bears in the BBTrend seems to be dwindling with each Low created where you see the collection of Red Bars shrinking!
Fundamentally, USD has Retail Sales on Tuesday (Sept. 17th) and Federal Funds Rate / FOMC Meeting on Wednesday (Sept. 18th) with expectations for Rates to start being cut!
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Bullish trend on GBP/JPY, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 192.547.
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NZDCAD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring NZDCAD for a buying opportunity around 0.83300 zone, NZDCAD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83300 support and resistance area.
Trade safe, Joe.
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺
This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇
As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥
🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺
I hope you enjoy this idea KIUCOIN community ; Also always remember :
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
Don't forgot to follow us on X 👇🔥
VIX BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
VIX downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 22.04 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the VIX pair.
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