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When The DXY Goes Down, The Broader Market Goes Up!Hello traders, here is a quick chart update for the DXY. First, you have to understand that the broader market recently has been trading opposite of the DXY... This means that: - DXY Up = Broader Market Down - DXY Down = Broader Market Up This has been incredibly consistent for nearly the past year so it is an excellent predictor of the stock and crypto markets. The DXY is at a pivotal point right now being as it has hit the top of its channel. - This likely outcome is that the DXY will pullback into support, giving the broader market bulls the confidence to rally the market. ****So if the DXY pulls back, the market will rally**** Thanks everyone and best of luck trading!
TVC:DXY
by natef1
SPY - Approaching 200 Weekly MA - Will We See A Bounce?Hello Traders, here is my analysis for the SPY. Although this is a quick analysis, it is still an important one. The SPY is approaching the 200 Weekly moving average. - In the past 10 years, each time that we have hit the 200 Weekly MA we have had a bounce, except for the "covid crash" when we temporarily dipped below. - When we factor in the fact that the DXY is overextended and will likely reverse soon at the same time that the SPY is about to hit the 200 MA, I think this is a strong signal that a bounce will occur. 2 Bullish Factors on the Weekly time frame... 1) 200 MA will act as support 2) Bullish divergence on the RSI - In my opinion there is a high probability that we see a bounce in the broader market this week. - Many large players will be looking to buy at this level. Thanks everyone and best of luck trading!
AMEX:SPY
by natef1
2
Bitcoin Ultimatum - It Must Breakout Or It Will Surely BreakdownHello Traders, Here is my analysis for Bitcoin. Let me start by saying that BTC is in a very precarious position. Heres why... 1) It's just barely above major support at $17.6K - If (most likely when) it breaks, there is no doubt that we will see massive capitulation. Potentially seeing a double digit % move down the day it breaks. 2) The descending trendline connecting the November highs to now will act as major resistance. - BTC needs to break this trendline to have any hopes of a large rally anytime soon. The reason that this puts Bitcoin in a precarious position is because it is trading in a larger wedge where both the descending trendline and $17.6K major support will soon converge. *There can only be one of two outcomes in this situation: 1) Either we breakout 2) Or we breakdown What do I think will happen? - First off, I think regardless of whether we breakout or breakdown, BTC has not bottomed and will hit at a minimum $12K, but probably more like $8K. - I think we could see a short term rally this week, potentially taking BTC up to the trendline to test it. - Given the strong Bearish climate and weaker relative strength in BTC, I think it's unlikely that BTC breaks out of the trendline and will most likely get rejected from it. What happens if BTC breaks the trendline? Won't that be Bullish? - Yes, it would be bullish but for the short term. - BTC would likely rally after breaking the trendline, probably back up to about $24K. - But being as we're in a bear market, eventually the bears would take back control of BTC and short it into oblivion, back below support at $17.6K and lower. ***If BTC breaks out of the trendline, don't get fooled into thinking that the Bear market is over and BTC has put in a bottom. Smart money will be looking to trap traders in a scenario like this. Why is this important? - Essentially, no matter what, I'm bearish on BTC. - This means that I believe there is a very high probability that ultimately BTC will trend much much lower. - I'm preparing my shorts, I'm planning my trades, and I'm looking for the ideal entry for a short position which I will ride out below the $17.6K support. Be Beary cautious in this type of market environment! Thats it for this BTC post, thanks everyone and best of luck trading!
BITSTAMP:BTCUSD
by natef1
1
AMD + The Power Of Confluence - Measured Move & Target LevelsHello Traders, here is my analysis for AMD. - I apologize for the crammed chart, I did the best I could to keep the chart as simple yet detailed as possible. - Onto the analysis... First off, if you're a new trader, this chart is an example of what the planning process for a swing trade could look like. Of course there are many different strategies, but for me this is the process I go through when planning a trade. ***Before I start with the breakdown, I want to point out how amazing TA can be: If you look at the chart, at the ("4)Bounce/Rally Target Level") at $85.50. That target was taken from finding the average % gain of the prior 3 bounces (36.76%) and projected it from $62 (Probable bottom). Whats so amazing is that the $85.50 level is also key resistance and directly at the descending trendline. - This amount of confluence tells me that there is a high probability that this move could play out in a similar fashion. Like many other charts, AMD is overdue for a bounce... The questions that need to be answered are: 1) What level do I think it will bounce from? 2) What is the potential profit target? 3) Where do I enter positions? 1) "Where do I think it will bounce from?" - To answer this, I used technical analysis to come up with the most probable level for a bottom. - $62 is where I believe AMD is most likely to bounce from. *As you can see AMD is oversold, this tells me that the sellers are likely becoming exhausted and will eventually stop selling. *It looks as though AMD may make a measured move (measure the prior high to swing low = 25.63% - Project 25.63% from the swing high at $85.5 = $62) *The measured move to $62 also happens to be a Gap Fill level which adds confluence to this potential target and adds confidence to this level being a bottom. 2) "What is the potential profit target?" - The potential profit target for a bounce is $85.50 (This is from being projected off $62) *I took the averages of the prior three bounces (36.76%) and projected it from the "probable bounce level" 3) "Where do I enter positions?" - First off, you never want to try and time the bottom for one entry. It's rare that anyone consistently can time bottoms. - More often than not you'll miss entries this way. *What you want to do is figure out where you think price will likely bounce from, in this case $62 and enter multiple positions at key support levels on the way down. *As you can see I've labeled Entries 1-3 on the chart. *Enter small positions (start with 1% - 2% of your portfolio) *You never want to be in a position where one trade can wipe you out. *Entering large positions is not trading, it's gambling. You increase the risk to a point where the probabilities are no longer in your favor. *Entering small positions ensures stability and longevity as a trader. That's it, I know it was long but I hope that this was informative. Thanks everyone and best of luck trading!
NASDAQ:AMDLong
by natef1
8
Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 70% chance Bitcoin will Rise from our current entry point. 📉 LONG - BTC : $18,440📉 💵 Length of trade: we are expecting BTC to hit a $450 scalp, with a high end of $750, and a minimum expectation of $250. 🕰️ Duration of trade: we are expecting the Min. Profit Target to occur in 3.5-6 hours of this signal. - Then we see a longer duration of 14 hours for the higher end. We are thinking possibly a longer term to 1.5 days for a continued recovery bounce. 📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
Long
by VirlVideo
3
Buying EURNZD at 50 EMA.EURNZD - Intraday - We look to Buy at 1.6731 (stop at 1.6696) Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment. A lower correction is expected. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 50 4hour EMA is at 1.6730. Our profit targets will be 1.6828 and 1.6848 Resistance: 1.6870 / 1.6900 / 1.6930 Support: 1.6840 / 1.6800 / 1.6770 Intraday expiry. Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Gold Scenario part 2 -Pull-Back & Return from Resistance Zone 🧐Hi traders, and have a great and pleasant weekend! If the Gold price ( XAUUSD ) hits the resistance zone and fails to break through it, we will see the price return to the $1,800 range. Before the price returns to the upward trend, it will hit the resistance zone at least one more time and try to cross that. ⭐ An important notice: Crossing a resistance line or a resistance zone means: crossing a 1-H candlestick or bar and closing the candle after the resistance line or resistance zone. (or time frames higher than one hour, such as 2 hours or 4 hours, etc...and it's the same role for support zone or support line ) ⭐⭐ And another important notice: to confirm the break and crossing of the resistance zone, is very important than the next candle or bar crossing from the minimum price of the last candle. ( it's must be at least 3 to 5 pips crossing from the last bar and for uptrend is the maximum of the last bar or candle ) ------------------------------ ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
OANDA:XAUUSDLong
by Arash-RK
BTC - Descending Trendline= Strong Barrier for Bulls to OvercomeHello Traders, here is my analysis for BTC/USD. Let me start off by saying, BTC has a massive barrier to overcome to turn bullish. What is this barrier I speak of? ***The Descending Trendline that been plaquing BTC since the November 2021 high. What does this mean for BTC? - Basically, this trendline is MASSIVE MASSIVE Resistance for BTC and will require a valiant effort from the bulls to overcome. Is it possible for the bulls to break through this trendline? - Of course, but highly unlikely. - Eventually this trendline will break, but under the right economic conditions. What type of economic conditions? - Right now the markets are panicking, especially after the economic data that came out yesterday. We are currently in what is considered a "Risk-off" environment where larger traders and smart money consider it too risky to trade asset classes like crypto or volatile stocks. - BTC will need to be in an environment where the economy is showing signs of improvement for a stable period of time, bringing larger investors back into play in the riskier assets such as BTC and crypto. - Keep an eye on the stock market, BTC is highly correlated with stocks such as the Nasdaq, SPY and right now even copper. Once The broader stock market turns Bullish, look for BTC to turn Bullish. Onto the actual analysis... - Like I said, the descending trendline is going to act as major resistance, so from a trading perspective we know that... 1) The upside is limited (to that trendline) 2) The trendline could make for a good shorting opportunity 3) If price does end up breaking the trendline, thats extremely bullish for BTC and we can change our opinion form bearish to bullish. What's likely to happen in the short term? 1) BTC will most likely retest the descending trendline 2) BTC will get rejected off that trendline and inevitably retest the range lows at $17.5K. 3) Eventually BTC will most likely break the range lows followed by a massive sell off. How to trade: 1) As long as BTC holds support, you could potentially enter long and sell at the trendline 2) You could enter short at the trendline and take profits at the range lows. ***These are just what I consider to be the most likely scenarios for BTC, before entering any trade make sure you plan it out properly and have good risk management. Thanks everyone and best of luck trading!
BITSTAMP:BTCUSD
by natef1
2
Week Ahead: Gas demand weaker * Oil Formed a descending Triangle. Giving more bearish confirmation of target of $60 * FED giving signs of another 75-point basis hike. Recession fears are bearish for oil * Demand slows down worries due to China’s zero COVID policy and OPEC+ cutting production * Energy Price Cap oil gapped up from opening on September 4th. Extended 3% by September 5th. Then losing almost 10% of gains. Reaching the price of $90 on September 5th, and dropping to $81 on September 8th. Then ended the week with a 5% gain. Closing weekly at the lowest since January 17th starting week. Crude oil inventories rose last week by 8.844 million. Indicating demand is weakening. It was expected inventories were to fall by just 250,000 barrels. I am anticipating oil to gap down during opening today. I am waiting to see how it will react to this trend line if it is going to continue down. Broke out of the descending triangle. Looks like it came back up for the last touch On Sunday, September 4, 2022, Russia announced the closure of its main gas supply pipeline to Europe. This spiked fears into the energy market. Both Natural gas and crude oil both gapped 1% before the closing of September 4th. Monday, September 5th the OPEC+ held a meeting. Production was cut by 100,000 barrels a day for the month of October. OPEC+ is already below meeting production. Supply fears pushed Oil up 5%. After oil digested the news it fell from $90 to about $81.14. Concerns of sluggish global demand outweighed the warning of President Vladimir Putin about the potential withdrawal of oil form of Russian Energy. Also new COVID lockdowns in China. Chinese imports fell 9.8% in August. The OPEC+ cut was larger for Asia and Europe indicating weaker anticipated demand. Russian President Vladimir Putin to halt all oil and gas supplies if price caps are imposed on Russian energy resources. Hours later EU proposed to cap Russian gas. The OPEC+ cut was done due to the possibility of a nuclear deal between the U.S. and Iran. This deal is expected to release over 1 million BPD of supply into the market
TVC:USOILShort
by UnknownUnicorn36761102
2
Daily analysis and trade setups on NASDAQ 20220725NASDAQ is likely to range between Blue zone B & C waiting for FOMC on Wednesday. Macro: Chicago Fed National Activity Index surprise may move it a little bit Looking for #scalper #trade #setups only Blue zone B, C, D are in play Buy Break: 12520, 12590, 12680, 12815, 12885 Reversal: 12360, 12290, 12210, 12160, 12040 Sell Break: 12360, 12300, 12260, 12180, 12140 Reversal: 12540, 12570, 12610, 12700, 12765, 12795, 12820 Chart with Green Goblins here >>> Chart with confluence here >>>
OANDA:NAS100USD
by TradingIndian
Bitcoin potential trade setupBitcoin is likely to come down to 30,832 - 30,325 before its next leg up towards 34k. This key zone also merges with our golden zone(78.6-61.8) of fib play and is a major order-block/liquidity level which is required for the push further up, as btc has ran out of steam from its previous pump. A possible trade setup is also presenting itself, Trade : BTCUSDTPERP Entry - 30,736 Stop loss - 29,924 Take profit 1 - 32,307 TP 2 - 32,854 TP 3 - 33,548 DO NOT RISK MORE THEN 2% OF YOUR CAPITAL FOR THIS TRADE Risk - Untested demand zone below stop loss. ( check charts)
Long
by CryptoBlanco
2