MC_Mike_Trading

MC_Mike_Trading

TF: 1 Week Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~$12B in the next year or year and half if the bullish market continues to play out. A pullback to $1.70 to $1.80T in the near term is...

MC_Mike_Trading Updated 

TF: 3D A head and shoulders pattern is forming on higher timeframes for TSLA. If the formation plays out, a drop to around $100 may occur.

MC_Mike_Trading

TF: 6 Hr Possible correction from current levels down to break the low around ~$142.60 before another leg higher. Upside targets are around ~$147.50 after the correction.

MC_Mike_Trading

TF: 4 Hr EURNZD may be grabbing liquidity before dropping and breaking below ~$1.74 before another larger leg higher. Downside target: ~$1.7260 to ~$1.7200 Upside targets from low: ~$1.7950

MC_Mike_Trading

TF: D Possible for a quick spike to grab liquidity above $0.6740, then another down leg to around $0.6700 to $0.6715 before another leg higher. Depending on the Federal Interest Rate outcomes this year, USD may be good to sell. Really dependent on the rates though, so keep an eye on those for 2024.

MC_Mike_Trading

TF: D BCH rejected at the $290 to $330 range back in June 2023. This area of rejection aligns with the VAL of the previous bear market. The pair has been consolidating for several months, for any further upside the pair needs to break and hold above VAL for further upside. On the downside if price fails at the VAL and breaks below ~$210, then price may retest the...

MC_Mike_Trading

TF: 12 Hr Couple different scenarios for VARA/USD: 1. Price is testing a previous volume area from the last bullish wave to the upside + 0.618 retracement area of that upside move. 2. If price fails here a move to ~$0.064 may occur. Price will need to likely hold this area for continued upside. This area is the previous bullish moves POC + 0.786 retracement level

MC_Mike_Trading

TF: W A possible correction to ~$0.00225 may be coming soon to the AMP/USD pair. Price rejected from a historical major volume node/POC after several weeks of upside movement. Price may correct to the moves 0.618 retracement level. This area aligns with the last down waves major volume node/POC. A retest and hold of this area would help confirm future bullish...

MC_Mike_Trading

TF: 4 hr If you are a trend line trader, then NZDCAD might be setting up for a trend line bounce around $0.8280. Keep an eye on price action to see if it shows signs of bouncing in that area.

MC_Mike_Trading

TF: W Pretty interesting set-up on VETUSD. Volume profile of the last bull trend (~$0.0018 up to ~$0.28) shows the POC of that move to be ~$0.019. Taking the volume profile of the current bear trend (~$0.28 down to current price) shows that POC to be ~$0.018 to $0.019. There has been high volume historically in this general area and price has been currently...

MC_Mike_Trading

TF: 16 Hr AU might pop above the VWMA here before pulling back a little. I think price is looking higher for a correction up to ~$0.6480 to ~$0.6500

MC_Mike_Trading

TF: 1 Hr GU has been in a complex sideways correction. Looking at volume profile for the correction (Oct .4th to today) and also applying a separate volume profile to the wave to the downside that occurred in London and continued in the NY session today, shows that price has landed right on the POC for the correction (Oct. 4th to today) and also the today's down...

MC_Mike_Trading Updated 

TF: D GBPJPY looks like it may make another small leg down before a move higher to break the recent tops before a larger correction to the downside on higher time frames

MC_Mike_Trading

TF: D BTC is currently setting up to what appears to be another move lower from the current corrective pattern. An area of interest for price reaction is the 0.5 extension from the last move down (~$31,900 to ~$24,8050). This area aligns with the volume profile POC from the ~$15,600 to ~$31,900 move to the upside and the 0.618 retracement of that move. Details...

MC_Mike_Trading

TF: D Background: The US Stock market has had a bumpy, wild ride over the last several years fueled by low interest rates, global issues, and most recently global high inflation. The COVID-19 pandemic initially led to a market sell-off in 2020 followed by a large impulse wave to the upside as a result of "stimulus" checks and very low interest rates that began...

MC_Mike_Trading

TF: 12 hr Might see a reaction at the 0.618 restracemnt of the recent impulse wave to the upside. I'm a little hesitant to take longs because according to the SNB Septemebr Montary Policy Statement the SNB is continuing to focus on "selling foreign currencies" and plans to "be active in the currency market as necessary". I'd be cautious longing for more than a...

MC_Mike_Trading

TF: 1 hr I think price will see a reaction around the 0.618 of the minor upside move.

MC_Mike_Trading

TF: 12 Hr BTC may wick or retrace lower to ~$28.7k to $29.0k from its previous impulse highs for a leg higher. Initial targets are around $34.6k to $36.5k with much higher potential depending on how price action plays out.