Commercials are max short and both Large & Small speculators are long. Today looks like a reversal day. Everyone is expecting $100+
www.bloomberg.com
"Oil surged to a 10-month high — extending a powerful rally that may rekindle inflation — as supply cuts from OPEC+ tightened the market, with Saudi Arabia’s energy minister shying away from any change in...
Hi all and welcome back! Today's market seems like it wants to keep opening traders in suspense with intraday long targets quickly being achieved right from the opening bell. That being said, here are my two main scenarios with a third outlier scenario (this seems to be a handy format!):
Scenario 1 - Opening highs are broken, blocking short targets: In...
Hi all, back at it for the second day =). We've seen a lot of ranging action this morning which has already taken many targets out of play according to my plan. As a result, I have three scenarios with a long bias until opening lows are breached.
Scenario 1: Sellers have been absorbed and bullish zones remain true, expect pullbacks to around the equity open...
Hi all, felt like sharing my intraday planning for NQ today. I have two scenarios based on the opening range especially since we have taken out local lows (high probability short targets) during the open. Please note that the idea is shown on a 15-minute chart but I will often use lower timeframes (5 minute) to plan and execute.
If the low set during the opening...
VIX reach the major resistance at 35. There is a great chance this diamond pattern may bring down VIX
back to 27 support or the ideal 25 just in time for a historical 4Q midterm election rally into December.
Watch next few days to see if price bounces up from diamond base or continues down.
Not trading advice
Honestly, this "bottom" is pretty weak. There are signs of incredible resiliency, but there's a breaking point for traders, and the market FUD/suppression/over-selling in order to orchestrate whales buying the dip to $30k-$35k might have been too aggressive. Bitcoin should/could claw back to $40k this weekend, which wouldn't be terrible, but it likely won't push...
Bitcoin has been operating sub 0sigma since the Elon fiasco kicked the market into high downward gear, however - this latest Trend Map (sentiment trend forecasts mapped to provide levels similar to Fib Retracement levels) looks like BTC might (maybe) try to stabilize and rise above the trend-median price (0sigma) which puts $53,500 to $58,000 (high target) on the...
Sentiment data is marginally different than traditional technical analysis.
Median Trend Price, aka 0sig = Orange Line
Resistance, aka 1sig = Yellow, upper
Support, aka -1sig = Yellow, lower
Extended Resistance/Support (2/-2sig) = gray, respectively
Green is the 3sig (extended target)
Red is the -3sig (retracement level)
Ranging between the -1 and 1 sig...
The pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.
looking at the chart we have marked out key levels with active Options strike prices supported with high volume and open interest. We plan to observe how price reacts at 1.3300 and 1.2500 levels prior the the expiration of these contracts. In terms of price action , Cable still maintains an upward trajectory in line with non-commercial sentiments and seasonal...
Long term we have a downtrend on USDCHF. Retail sentiment is also 70% long so looking for shorts here. However, recently price has started ranging and there is a slight uptrend in the last few days.
Either take a risky short now or wait until price breaks out of its current range.
Now, the effect of the major short squeeze has worn off. Where will BTC go now?
5 months of downward price movement with low volume and volatility is worrisome, but the recent breakout of the downward trend would remain a lone silver lining of this distribution period if BTC can fend off the 8k retest.
BTCUSD realized volatility_10 day is 1/3 of what it was...
