BTC/USDHi all,
Is is the bottom in? Most probable yes, at least for a bear market run. Almost 40% up since the bottom.
If macro economy doesn't improve and we are going to stagflation as FED is playing with interest rates, BTC and Stock market will not perform so well.
If BTC will break down again then will be a major alarm signal that it will be harder and harder to fully recover.
Until the halving in 2024 we have planty of time but it will be a harder bear market especially because is first recession for BTC.
I believe the technology behind is unique and the value of BTC will perform very well 5-10 years from now for sure.
DCA constantly and with a proper risk management.
A lot of patience and the portofolio will perform a lot in the following years.
Buy the fear sell the greed.
What do you think about BTC price?
Interestrates
People are blinded by the Bear but Elliot tell a different storyThe past few months have been very tough for the crypto market when the price is entirely dominant by the Bear.
However, Elliot is here to bring good news, at least in a larger timeframe.
Looking at the bigger picture, we can observe that the basic Elliot wave is complete which include wave 1-5 and ABC in a smaller timeframe, and that completes the picture of wave 3 and 4 in the monthly timeframe.
So what do we do here?
Personally, I choose to take a risk by opening a long position after the price break the trendline as shown in the picture and tp at least 50% in the ATH area as we want to be cautious since the is a wave 5 in the Monthly timeframe and wave 3 have already increased a lot.
That's all bout the technical perspective. In terms of macro activities, I found that there's some news that could validate the fact that wave 4 just ended
Yesterday, the GDP of Americans have been announced to be negative 2 times in a row. This is very bad news for the USA that strongly affect DXY. So FED might want to stop increasing the interest rate sooner or later and start to print money to support the economy. and Crypto will be affected by that news in a good way
BTC (Bitcoin) - Breakdown of Rally & Next Targets$BTC 👀 – 07/28/2022 | Breakdown of Latest/Current #Impulse (Rally) 🎯 - 📸 🚨
📌 #Price must at least close below the 0.236 (or 23.6%) Fibonacci level before we can consider Wave i (in blue) complete. Until this happens, we continue to move the Fibonacci to the highest peak to remeasure.
📌 Price made an equal low (or double bottom); this #liquidity (💰 Liquidity💰) makes for a good institutional point of interest (POI) on the retracement (pullback). From a smart money standpoint, this area represents where a lot of retail traders have placed their stop losses ( #stoploss). By triggering their stop losses on the buy orders, equals increased selling pressure because in order to exit a buy, you must (of course) “sell”.
📌 The green “buy zone” makes for a great #pullback/ #correction/ #retracement (whatever you want to personally call it) target 🎯 to complete wave ii (in blue). It's located directly under the liquidity (equal lows) and directly in the #GoldenZone (50.0 - 61.8% Fibonacci Retracement levels).
📌Not always, but usually, the #GoldenZone (50-61.8% Fibonacci), represents a high probability/lower risk, entry point for taking positions on the #market.
📌 Takeaways:
A) If you’re not familiar with Fibonacci retracements and how to use them, then start learning.
B) Step out of the retail trader mindset and learn think like smart money (institutions, hedge funds, or other big players)
C) Don’t be afraid of losing; #TrailandError. You’re always going to lose, just as you’re not always going to win. You can still lose the majority of your trades/investments and still be profitable if you learn to cut losses quick and let winners run.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
📌 🎯 ⚠️ 📈 ✅ 📸 🚨
Gold analysis: Is the worst behind us? Gold prices reacted positively to the Federal Reserve's decision not to raise interest rates by a full percentage point in July.
First and foremost, the reduction in expectations of future rate hikes due to concerns about a recession in early 2023 drove gold above $1,740 per troy ounce. The expectations of lower rates in 2023 also weakened the US dollar, as evidenced by the DXY index falling to the 106 mark, as of this writing.
Is the worst for gold now behind us?
Even though fears about rates are less than they were a few weeks ago, there is still no sign that the Federal Reserve is taking a more dovish stance.
However, gold may begin to decouple from its negative relationship with interest rates and see strong investment demand if economic actors start to factor in that inflation will be difficult to control even with higher interest rates.
The event of a de-anchoring in inflation expectations, which historically happened when inflation exceeded the double digit mark, will provide a strong support for gold as inflation hedge.
Gold technical analysis
Technically, the downward channel is still in place, but gold's price momentum is picking up as the RSI is getting close to the important 50 threshold, which it hasn't seen since mid-June.
The MACD offered a bullish crossover this week, supporting the thesis of a likely short-term trend rebound.
Gold is attempting to test the $1,750 resistance level, which if broken could open the door for a $1,786-1,790 resistance test. Beyond this point, the psychological level of $1,800—which corresponds with the upper line of the descending channel—becomes crucial for a trend reversal confirmation.
On the downside, $1,710 continues to offer strong short-term support, and year-to-date lows of $1,680 appear more difficult to retest if the Fed doesn't unexpectedly make extremely hawkish comments before the September meeting.
Fed rates and S&P 500 analysis: A short window to rebound?Following the Federal Reserve meeting, which delivered a back-to-back 75-basis-point rate hike to 2.25-2.5% ( USINTR ), S&P 500 index broke above 4,000 points, marking a 2.6% daily gain, as market expectations pointed to a halt in rate hikes at the end of the year, and a rate cut in the first half of next year.
A window for a "bear market rally" in the S&P 500 could be the case between now and the next September meeting if upcoming economic data indicate a peak in inflation and a weakening labour market. This would bolster the Federal Reserve's soft-landing goal and keep short-term interest rates in check.
First of all, the market is repricing the fear of an impending recession, as the earnings season continues to produce positive results. Second, given the recent negative correlation between short-term rates and the S&P 500 index, a stabilization or even a decline in short-term 2-year Treasury yields would provide further oxygen to the stock-market rebound.
Momentum indicator (14-day RSI) has been hovering above 50 for the past week and is now pointing northward, indicating that bulls are gaining the upper hand in the short term.
4,160 is a short-term technical resistance at the May/June peaks and March 2022 support. A break above this level would pave the way for a 4,300 target (4 May high). A rise to 4,500 (21 April high) seems to be more challenging at this stage.
The alternative scenario, in which inflation data remains higher than expected and Fed representatives remain extremely hawkish, might portray a pullback in the 3,800-3,720 region. However, to revise the S&P 500 ’s year-to-date low ( 3,639 ), it is appropriate to witness a new "rate-shock", with short-term Treasury yields spiking above 3.4-3.5% in response to a Federal Reserve's aggressive tightening bias.
EURUSD post FED Yesterday, FED hiked the interest rates to 2.5% but that didn't lead to increase in USD.
Those expectations were already played out and we even saw price dropping.
We are still trading sideways and we're yet to see if price will have enough strength to break the resistance.
Right now, we won't trade the EURUSD because it looks like there's not that much momentum to the upside but at the same time it's still early to sell.
It's probably best to focus on the cross pairs where we may have better opportunities!
$BTC 👀 – 07/27/2022 #WaveRecount$BTC 👀 – 07/27/2022 #WaveRecount - 📸 🚨
📌 Let me first say, #ElliotWaveTheory wave counting is #subjective. When rules are invalidated by price action, you simply pick yourself up, brush yourself off, and you revise the wave count (recount) accordingly.
📌In this case, upon release of the #Feds decision to #hike the interest rates by another 0.75 #percentage #points. The #DXY (US Dollar Currency Index) , plummeted meanwhile #stocks #indexes #cryptocurrencies rallied.
⚠️ For $BTC specifically, I am subjectively considering the overall corrective wave B (in black) finished; as the break-and-close above $22,264.81, represents a #BreakOfStructure and invalidates the idea of an extended corrective wave c (in blue).
📌 We are now currently working on corrective wave C (in black), which is #bullish impulse wave of 5 swings. Therefore, I recounted the waves and relabeled them accordingly (see the updated screenshot).
🎯 As we are already in Impulse Wave i (in blue), we could enter ('Buy Positions') on the completion of corrective wave ii (in blue) after either 3-7-11 swings down.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
EUR/USD Position Proposition Wyckoff Schematic spotted on 5m while we are waiting the interest rates to be released in less than an hour.
Since we got the SOW the position can be placed on the LPSY that follows after the confirmation. I am in this position already from the visit to the bottom line with 50% of my total position size.
Stop Loss above the AR point.
Target on the 30m bottom line of the next negotiation area, that coincides the parity price.
Stocks Range Ahead of FOMCThe S&P 500 is ranging near relative highs. We broke out into the 4000's, but fell short of 4009. Several red triangles on the KRI are confirming strong resistance at these higher levels. We have some support from 3909, and a break down could take us back to the mid 3800's, likely 3848 or so. A rally could test 4009 again. We expect the S&P to respect this range, and don't expect too much action from the FOMC today, as the markets have largely priced in a 75bps hike to combat inflation with a small probability of a 100bps rate hike, the largest hike since 1989 .
XAUUSD - KOG REPORT - FOMC!KOG Report FOMC:
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
Gold is at a crucial price point at the moment just before a big federal statement release. After the move we’ve had to the downside, we would expect Gold to want to attempt some form of recovery, to at least the 1800 price region. However, as you can see, the institutional selling isn’t giving bulls an opportunity to cover any positions that are being held above. We witnessed a bullish weekly candle last week, but it’s still weak and lacks volume. It was a failed attempt to recover, which entails caution for this FOMC and the days ahead until the end of the month. We published a KOG Report last week showing the liquidity pool sitting below around the 1650-65 price zone; this is a potential target to swoop the lows before an attempt to test the voids above. For this reason, we will look at the extreme levels for FOMC and the days ahead, not being concerned about the immediate range and levels.
We already know the 1750 psychological level is going to try and be defended and have indications of a push up in price if that 1720 -16 level holds as support. We want to see if bears defend it by coming in and taking this down into the liquidity region breaking the yearly low! We can see MA’s grouped together on the hourly and now on the 4 hourly timeframes. We have a huge gap to the mean above on the daily, that either needs to be visited or the ranging price action will bring it down lower. We’re still in bearish mode here expecting a swing to the upside before then a break of this low to continue downwards so let’s set the scene for the potential move to come. As always, we’ll trade this with two scenarios in mind using the 4H extreme levels as a guide.
Scenario 1:
They push the price up towards 1750 or potentially slightly above or below, we see resistance there and a clear rejection in price. This is the first level we feel that will represent an opportunity to short the market down into the 1720, 1710, 1695 and below that 1675 levels. These levels below 1675, especially that 1665-40 region is where we want to see exhaustion in price to then look to take this back up towards the 1750 price point as the first target.
Scenario 2:
They push the price down into the lower support levels of 1690-80, this is where we want to see the first level of support, based on strong support we feel this level would represent an opportunity to then long the market back up towards the 1720, 1735 and above that 1750 price points. As we said above, there is a huge chance they will try to break that level to the downside so expect a swoop into that liquidity pool below. The ideal long is more likely going to be from there and that’s our preferred region at the moment.
Because it is FOMC we’re focusing on the extreme levels, we’re not interested in trying to capture quick pips in a volatile market against the volume driven candles. If the plan works out it works out, if it doesn’t, we’re happy to sit tight and let Excalibur guide us intra-day through the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
🔥 Bitcoin & FOMC Interest Rate Decision: What To Watch ForLike most of you know, in a couple of hours the US Federal Reserve will share with the world how much they will increase the interest rates. Remember that lower interest rates = bullish for the markets.
At the moment, there's a 75% expectation that the hike will be 0.75% and a 25% expectation that the hike will be 1%. Naturally, if the FED will increase with 1% we can expect a massive down move. The extremely bearish reaction target for a 1% hike would be $18k.
However, if the FED will only increase by 0.75% we can expect a slightly bullish move. This might be the starting signal for a move all the way back to the top of the channel, think $24k or so.
Obviously, the percentage of the hike will be important. However, what most market participants are watching will be the FED meeting where J. Powell will talk about the outlook of the markets and the interest rate hikes for the coming months. This is where the real direction of the markets will be decided.
My advice would be to wait for what the market will do. Ideally wait until tomorrow, because tonight's initial direction can be a fake out, like a couple of meetings ago.
EURUSD before FEDToday we have FED Interest Rate decision, the most important news right now.
A strong USD is expected but in order to make an entry we need to see some confirmation.
The main scenario is a move up at first, price collecting some SL orders and then leaving a rejection wick. This will give us a chance to sell.
This is only one way to take advantage of the situation today. We don't recommend trading before the news!
SHORT US30 to 31000US30 H&S formed a H&S pattern indicating buyers exit, $DJI will bleed after FED 75 or 100 bps interest rate hike.
Good RRR setup, fundamentally solid.
Can Interest Rate Be Traded Or Invested?How can we participate in the rise and fall of interest rate? Firstly, we need to understand the difference between interest rate and yield.
Interest rates are a benchmark for borrowers whereas yield is for investors or lenders.
• Interest rates are the fees charged, as a percentage from a lender for a loan.
• Yield is the percentage of earnings a person receives for lending money.
Both move in tandem together, meaning if yield moves higher, interest rates will follow.
Discussion:
• Direction of the Yield in the short-term and
• Direction of the Yield in the long-term
Divergence in a bull market means the bull is losing its momentum, keep a look-out for trigger points that may cause further stress to the market.
Micro 10-Year Yield Futures
1/10 of 1bp = US$1 or
0.001% = US$1
3.000% to 3.050% = US$50
3.000% to 4.000% = US$1,000
Note:
Micro Treasury futures are not micro-sized U.S. Treasury securities. They convey no rights of ownership, nor or they pay or accrue interest.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
EURUSD awaiting the news It looks like EURUSD is setting up for the news tomorrow.
Sideways market is usually what we see before such big news as many market participants decide not to trade before that.
It's still possible to see price breaking above its current resistance and reaching our sell zone.
We're only looking to trade that if it is confirmed after the news!
EURUSD WILL GO HIGH THIS WEEK ?From last week, we seem the euro have make their move strong. As the interest rate is 0.50% which is more than expectation which is 0.25%. Thus, based on the EURUSD chart,i lookup that this pair will go until the price 1.40000 area. Then waiting for the price making confirmation on that area. Let see what EURUSD do this week. Keep patient dont overtrade, discipline with your trading system and money management. Lets rock this week trading day.
Next move on EURUSD pending This week we're about to see the FED Interest Rate decision.
This will most likely cause some moves and bring some trading opportunities.
On EURUSD we could expect that to push price above 1,0278 and take it up to our sell zone.
That's where we will look for possible short positions.
The target will then be a breakout below 1,0000!
EURUSD after ECB Yesterday we saw temporary rise in the EUR due to the higher interest rates.
Next week is FED's turn!
It looks like the market will wait for that event as well to create a clear direction.
Right now, we shouldn't be selling but we're actually expecting a continuation up.
Once we see a breakout below 1,0150, then we can start considering short positions.
EURUSD before ECBToday, we have ECB Interest Rate decision.
We should see a higher interest rate.
However, this won't reverse the trend and our main idea is to look for short positions!
Best case scenario would be if price moves up to 1,0360 and it then leaves a rejection wick.
This will be our entry signal and we will then expect a lower low!
We're not looking for long positions at all! Also, any trades before the news are not recommended!
That's why the Fed needs to stop hiking before a system collapseThis is a quite interesting chart showing a ratio (black trend-line) of the Interest Rate, 5Y Yield and Federal Debt trading within a Megaphone pattern since the 1990s. Its (Higher) Highs have naturally coincided with peaks in Rate Hikes (red trend-line). The last peak was on October 2018 and currently the ratio just broke within that range again (red area).
This shows that the Fed is on a timer and has only limited time to act and stop hiking before they jeopardize collapsing a system that is in place for three decades now and brings balance to the market. The S&P500 (blue trend-line) has seen great periods of growth and stability systemically with this in place as long as the Fed doesn't go off limits with hiking.
Do you also think its time they act now and stop or at least ease this round of hiking before total collapse?
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