EUR/USD----------> Sell Zone MISSED :/ Price was clearly fluctuating at the highs in order to accumulate more contracts in the ranges of $1.16928 through $1.16901. Eight Hours later, price comes back to the zone to possibly induce more longs, scare people out of the winning/loosing positions, or most importantly a stop hunt JUST to move back to its original price/path thus going down even futher just ABSOLUTELY blasting through long position Stops from the 28th of October. As of now, I can only see a retest at the ranges of $1.15848 through $1.15750 before moving down to $1.15214.
Pricemovement
Gold sep ideaWith NFP numbers, gold found its breakout to upside with low job numbers and it literally exploded in few minutes before the numbers.
But it reached to all-time resistance 1833 area and have significant resistance and need to have a clear breakout to confirm moving upside towards 1900.
It might come back to the area of `1810 to take support with an extension to 1801 to find its support before moving up and can have a significant pullback.
Anyways all in all final gold starts moving .....
DYOR and play safe
Is this the time for a break out? or Is this just a retest?Looking at the current pattern of ETH, we can see that ETH is currently making an Ascending Broadening Wedge in its price action!!!
According to research, this Ascending Broadening Wedge has a 79% chance of breaking towards the upside and 21% for breaking towards the downside...
On that note, we can be quite bullish overall as breaking toward the upside more or less is a 4 to 1 scenario.
But, also on that note... Will we see the breakout now? Or Will we see a retest of the wedge first?
To confirm this, we need to look at todays candle as to gauge the strength of ETH...
If it is strong enough, testing and breaking the 0.618 FIB level ($3360) pulled from the ATH to the lowest level from last months dip would be reachable.
On contrary, if this is just a test, and there's not enough powder to fire up ETH, I am predicting my green line as its next support test ($2880).
The green line is a minor 0.5 Fib level from the last correction ($2441) to the current high ($3342).
Comment down below which one do you think ETH will do??
Thank you for reading
BTC Mid-Term Price ProjectionThis sideways market has to break eventually. History says it will break to the upside. Right now, I'm hopeful that July will show a strong recovery and move up into the Resistance area around 45600 before falling back down to the Support level around 40200. At this point market factors could remain suppressed and continue to push BTC into another sideways trend.
This analysis shows a new ATH by late October. This would be considered a Very conservative estimate and already places Bitcoin well behind schedule. If this projection fails then this means there is a total breakdown in the underlying structure of Bitcoin in relation to it's historical time frames and price projections.
Watch out for this crucial phase in ETHUSD | 4hr timeframeQuick glance : On our previous analysis on ETHUSD , we discussed the Bears seemingly taking over. Although, the momentum was mixed, it appears that ETH might face some heat against it in the short term.
Market in the last 24hrs
ETHUSD witnessed a bit of selloff. The fall was not drastic, however the bearish momentum persisted.
Today’s Trend analysis
ETHUSD seems to be building a downtrend. Price is likely to face resistance from the BB midline. The decrease in the trading volume has not been encouraging for short term traders either. However, the narrowing channel of the Bollinger Bands suggests some stability. It could indicate a consolidation at current levels.
Price volatility remained moderate at approximately 4%, with the day's range between $2403.20 — $2499.73.
Price at the time of publishing: $2435.76
ETH's market cap: $284.44 Billion
Out of 11 Oscillator indicators, 9 are neutral, and 2 points to 'SELL' signals, and none of them present a bullish view.
Out of 15 Moving average indicators, 13 are giving a 'SELL' signal, and only 1 is giving a 'BUY' signal.
Indicator summary is giving a 'SELL' signal on ETHUSD for the shorter timeframe.
Volumes have remained low in the past 24 hours and on a decreasing trend.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
The Laws of Supply and Demand Affects the Price MovementThe Laws of Supply and Demand Affects the Price Movement
1. When supply exceeds demand, the price is more likely to fall.
2. As the price is falling, supply will increase, and demand will decrease. As a result, the price will fall faster.
3. At valleys, demand is greater than supply; therefore, the price is more likely to increase.
4. At peaks, supply is greater than demand; therefore, price is more likely to fall.
5. As the price trends higher, demand is greater than supply; therefore, price is more likely to go higher.
Thank you for reading!
Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
EURUSD - Understanding Candle developmentVideo Idea - To show that will Volume and Stochastic price movement and candlestick development can be predicted. (Also hours of practice)
Objective Attempted - Predict candlestick development and where price will move for 10 Min
Objective Observations - Blind, meaning without candles and stochastic difficult, but with those indicators it was easy.
Objective prediction - Bullish movement EURUSD
Objective results - Successfully predict movement til end of video.
Other video to make from this one: Show how to use 3 Dip Stochastic to predict Bullish Price Movement
Let me know if ya'll would like me to do a live stream of price movement prediction!!! Thanks and follow!!
S&P vs Russell 2000Hello traders and analysts,
Here is our take on the S&P 500 and the Russell 2000 Small Cap.
It is important here is to note; that the peak of the hull for SPX has hit our island zone where price has shown a full retracement in the V shaped recovery and extended a little to provide great returns for long investors and over offered market conditions.
The cycle to us looks complete.
Note: This zone now between 3600 - 3400 is a strong supply but has potential to retest 3700 for the full Fibonacci extension.
however the signs with the volatility index and yields are now showing signs of clusters of building a nice level of discounted levels.
Where as the SPX, NAS and world indices are seeing over exposed with a strong imbalance.
Now we let the price and market show us where opportunities present itself to look for shorts.
Enjoy.
Fore more sub text - read below;
Technicals:
1. Looking back to 2000, 2008 - the dotcom, financial banking crisis and now 'Covid' - we can see a nice megaphone pattern which has emerged looking back since February 2018.
We have completed the the downward impulse of the wave pattern 1-5, with all waves forming without breaking the structure.
we are now in the minor wave 2 structure. and next up is the 5 wave corrective structure and looking to complete wave on the trendline .
2. From an imbalance method, we have a good double top retest which is showing profit and greed taking helped on from the Fed and using Fibonacci extension - price can over shoot to create an upper supply zone .
Price has seen a bounce back to 'normal priced of demand' however this is not really how halted economies can return so fast. it is artificial.
Divergence - we did not use this but looking at the pattern, we have a huge distinguishing gap. However this keeps widening - whilst we do not look at the divergence indicator, it does show a good area for sells - and according to RSI - we are not there yet technically speaking 80 zone is a major sell.
3. Looking at the VIX - the dollar is weakening to a 90-91 lows - however the buying of this at the lows will produce huge rewards. Check out or Vix for long inverse
4. Looking at Russell and SPY has the gap to fill to $340.00 per share , is this sustainable growth which is being propped up - with earnings quarter now in play, we will see those numbers finally provide profit targets either severely missed or the few will beat earnings .
Fundamentals:
US election rallies before taking place at the end of the year with campaigning - enter volatility state
We have NFP numbers showing millions return to work.. but also high unemployment still looming.
Trade war with China, Hong Kong unfolding with US responding - constantly..
High figures in multiple states which are concerns for large communities- record numbers still being released
Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy.
US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit. - will this last? no.. billionaires just adding wealth, SME businesses not receiving the correct funding at all..
Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 28,500 is a good point for a previous monthly high but it may fall over at 28000 tops. - this is now being challenged
Crippling 1trillion money printing exercise to be released to prop up false growth. enter sovereign debt crisis
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BITCOIN UPDATE - PARALLEL CHANNELDESCRIPTION
RESULT from last previous idea: Looking at the updated trade progression of last post, it was observed that the Forecast failed to reach the proposed support line reversal at $8,956 which rendered the setup invalid .
Meanwhile, we have been experiencing some tight price movements at the moment within the horizontal channel that brought it to the levels between $9,280 to $9,050 price range. if this trend continues like this, we might end the month at a high side with prices around $9,300 or on the low side with prices around $9,050.
However, I'm currently watching for the $8,956 Horizontal Support Line (Green), if it gets crossed, then a Long position will be first priority.
We believe this Bitcoin move to be a real reversal and prices can start to go up.
I'm probably hoping that the upcoming month of August will be a bullish month for us all.
What's your take?
Share with us in the comments section below.
Don't forget to like this awesome post here and follow @CryptoPrinceTrades on Telegram.
Thanks you,
Evans
BEWARE PROBABLE VIOLENT PRICE MOVE - SPDR S&P 500 - SPY - DAILYWe have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change.
Therefore, beware, as the price is at the moment evolving around the red dotted line.
Besides, the price has shown also elastic movements, coming back again and again to its previous break points.
Keep all those information in mind when evolving on this SPDR S&P 500 - SPY market.
Rounded top Chart Pattern of MRK:What Is A Rounding Top Chart Pattern ? A chart pattern used in technical analysis which is identified by price movements that, when graphed, form the shape of an upside down “U”. A rounding top may form at the end of an extended upward trend and indicates a reversal in the long-term price movement.
A rounding top represents a sell signal . The initial upwards trend becomes exhausted as the demand for the stock dries up.
The reversal to the downward slope of the rounding top indicates that demand has tapered off and a surplus supply is present, basically there are more sellers than buyers.
The price will be move so far in-case of breakout any side cause, the pattern is too tight.
USDCAD: possible short scenarioTrend reversal might occur in USDCAD..
..the idea is based on strong price movement and breakdown of the resistance level around 1.326.
Joining bears from 1.32615 price with 1.3276 S/L and 1.3202 T/P provides R:R around 4.1
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Let's Flip a Bitcoin: Issue #1Good day today everyone,
It's your host xR bringing you our continued analysis for this bearish decline. Let's jump right into it. We previously alerted you all of our sell signal at Ten Thousand, Three Hundred Ninty Three Dollars. We covered several signatures that suggested bearish market behavior. This week we'll provide you clarification for our expectation of a reversal trend.
(TD Sequential Weekly Nine. Descending Wedge Breakout Setup Trend. Positive Momentum over MACD. Buy Signal on RSI)
The formation of this year has many nuances from two years prior that we elaborated on in our previous analysis. It is from our past, we find familiarity in our perceptions of the present. It is from the past we create our thoughts and behaviors. This year has gone by so rapidly we remind ourselves, yet perhaps it is technology that is now consistently reminding us how short time is. The movement from Bitcoin is a reflection of our collective interpretations. It behaves like our past but, we as beings innately desire to advance. This fear of paralysis will drive our desire for an alternative present and future.
I've highlighted the two hundred day moving average in yellow. Previously we chased the band until it's resistance drove price downward. This is the beginning of that same cycle. Mid-December of twenty-eighteen, we broke out of a similarly depicted descending wedge. The weekly RSI indicator shows an imprint similar to that time frame as well. Consequently, we arrive at the present moment five thousand dollars higher. To solidify our impression, we back our analysis with a weekly TD Sequential Nine.
Why would we risk a return to the base of the mountain when we have come so far? That would be an illogical use of fuel. Perhaps a climatologist could provide some clarification. This is the beginning of a long journey ahead of Bitcoin. It would seem we're on track for an unprecedented experience that will echo throughout time. Thanks for tuning in for this update on our Bitcoin Price Analysis with me, your host, xR.