The S&P 500 ( SP:SPX ) as tracked by the most liquid ETF AMEX:SPY , has continued in a wedge pattern since the lows from late October 2023. This wedge has been steep and risen quite dramatically. Bulls will not want to see this break, but given that it's an election year, would the break just be a consolidation with one more high? These are issues everyone is...
NAIL on a 14 minute chart tested the support at the rising trendline confluent with the mean anchored VWAP and has bounced and crossed over the latter. Relative strength lines are crossing over the 50 level and the relative volume is showing a gradual rise. This is the beginning of homebuilding season after all. Mortgage rates might be getting a cut. I will...
#Bitcoin Log Regression 👀 The orange line, as in the previous cycle, offers strong resistance. 💡I think CRYPTOCAP:BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation. This is indicated by overbought and seasonality. ⛏️ And also the capitulation of...
In trading, adaptability is key. Reflect on the journey navigating the volatile waves of US30. While some trades may slip away, embracing the fluidity of the market ensures resilience and growth. Let's explore the importance of flexibility and seizing opportunities amidst market turbulence.
By adding the arches for perspective makes similar to a bollinger band, bitcoin appears to be following a fractal pattern close to 2015 but stretched out over a longer time period. Cycles within cycles the micro forming the macro fractal. Observe the bar pattern simularities. Now it forms and finishes off its pattern with a the smoother climb up and out over time...
A simple analysis of Ripple (XRP) charts reveals a rising potential for this cryptocurrency. While we cannot predict the future with certainty, cyclicity and indicators certainly suggest a significant price increase is on the horizon. The XRP can hit a much higher price point, possibly exceeding $50. 💰 DON'T FORGET , popularity matters too! XRP is currently...
This weekly candle can be the death of crypto as we know it. Major correction, dxy could pump causing crypto to dump. It's alot of red news this month that can send dxy to the mf sky and crypto to the floor. Let's see if dxy continues its uptrend. Sheesh .. 106.952 SMASH, JP ain't playing
Bearish throughout the week with the daily order block being met on the 29th, one day before good Friday before retracing to the upside. Due to the sentiment being overall bearish, many retail traders would be inclined to go with the notion that 'trend is your friend' and short the market whilst placing their stop loss above recent highs, causing smart money to...
Rangebound price action throughout the week with hourly buyside and sellside pending to be tested. 1.26546 intraday buyside liquidity is a premium area in price which cable is most likely to run to, especially if dollar is to continue to sell-off into the daily fair value gap @ 104.144. Hourly order block @ 1.26146 has been respected from Thursday throughout....
CRYPTO:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But...
G'day, Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD...
Supply and demand zones for Wheat on the weekly chart. Once you enter the zone, look for the lower timeframe reversal patterns, extended waves, classic trendline breaks, etc. Drop down to the Daily for refined supply and demand zones. Drop down to 1 hour chart for the current trend after you see the reversal pattern.
I am re-entring again in this trade, technical and fundamentals are also supporting this setup cot index of AXY Index is at the top and ZXY comes from the top so AXY is neutral and ZXY is reversing with commercial flip data technical pointer and bias is also bullish I am re-entering this trade with a doubling my risk
We are coming into WEEKLY Demand on Wheat. Wait for the "reaction" inside of this demand zone on the 5 minute chart to start going long.
According to ChatGPT: Yes, end-of-quarter sell-offs are a phenomenon observed in the stock market where investors may sell off their holdings toward the end of a financial quarter. There are several reasons why such sell-offs occur: Portfolio Rebalancing: Institutional investors, such as mutual funds and pension funds, often rebalance their portfolios at the...
AI hype has started again. Important AI cryptos are AGIX, OCEAN and FET. If you know any other one, please comment and share information. Fetch.ai aims to enable a decentralized economy where autonomous agents can collaborate and transact efficiently without relying on a centralized authority. I know that many of you may buy FET at much lower prices but in my...