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Editors' picks

CNHI - Shifting Gears from Growth to StableI have to admit, I didn't dream this one up. I saw an interesting interview from a Case New Holland (CNHI) exec and they were talking about their new technology. One thing is for sure, there is a shortage of and growing demand for agricultural products, technology, and commodities. Ukraine is a major agricultural exporter and they are basically out of the world market right now and for the foreseeable future. This not a long-term research project or endorsement, just some interesting particulars that I observed today and have researched over the last few hours. Do your own. 1.) CNHI has beat every quarter since at least 2020 2.) It has not given up the price hit that most other publicly-traded companies have. 3.) Revenues are stable and/or growing, while liabilities have been steadily declining on a downward trend. Lower debt with stable/higher revenues = Better future profitability. On the product side, CNHI has the industry's first self-driving / autonomous field sprayer for weed abatement, fertilizer, etc. The implement is programmed and drives itself through the field with a pattern programmed, no farmer or tractor required. The ROI is pretty good on something like that if it can reduce labor costs. The second "new" is a 100% methane-fueled tractor lineup. This is significant, because larger farms can produce methane (and already do for electricity) from their own livestock waste. It gets rid of the "waste pileup" problem, reduces the need to haul that offsite, and eliminates a giant expense for the farm (diesel fuel). Do your own research, but this one looks interesting. I have a long buy order in through December 30 to pick up shares on dips. NYSE:CNHI
Editors' picks
Long
6
The Crypto Battle Royal Draws to a ConclusionThis story about crypto started about 2 years ago. It starts with an idea about why Blackouts in Xinjiang were linked to crypto problems in China. The idea was that bitcoin was going to solve inequality and be free from government manipulation. What could be more opposite to what China wants. The cost? A surge in energy and semiconductor demand unlike anything thought possible at the time. China gave us the first indication the cost was to much to sustain and exited the ring for who would control bitcoin. The next to leave the ring were popular dollar pegs. It wasn't long before wall street got involved in the fight by taking Coinbase public along with ETFs and enough dumb money to bankrupt a country. I stood up on my soapbox (Trading View ❤️) and shouted what I knew to be inevitable. But at the time, nobody was listening. The stock market and crypto went into a spiral downward in harmonic correlation. Finally after 2 years and several criminal masterminds identified by MSM. translation = SBF is about as solely responsible for crypto collapse as Madoff was or Kareem Serageldin. I thought this story would end with Bitcoin dying completely. But then I noticed players like TastyTrades stepping into crypto ring and thought to myself maybe there is a chapter 2 to this story. I think there is a lot more legitimacy to digital currency now that players like TastyTrades are entering at this particular time. I could be wrong on this one, but I'm leaning risk on by buying Coinbase here. Feel free to leave hate mail below in the comments 👇👇
Editors' picks
Long
5
PayPal (PYPL) ... 3 PossibilitiesPayPal (PYPL) managed to return 30% in the first half of November 2022 and then gave it all back. Obviously going forward there are three possibilities: a) PYPL-Breaks dotted red line and traces out a Bullish Butterfly pattern with its point D being ~ $64 b) PYPL-Holds Bat D ~ $71 and traces out the same targets of the old Bullish Bat Pattern. c) PYPL-Continues sideways While we will most probably be hostage to J Powell and the Fed bullies until next week, I would presently handicap the probability of each outcome as: A) 30% B) 55% C) 15% No position here...I'll let the price action direct me and get back. As usual this is not investment advice... do your own due diligence! S.
Editors' picks
8
ETHUSD and LTCUSD Technical Analysis – 08th DEC, 2022ETHUSD: Double Bottom Pattern Above $1218 Ethereum was unable to sustain its bearish momentum and after touching a low of 1211 on 07th Dec, the price started to correct upwards against the US dollar moving into a consolidation channel above the $1200 handle today in the European trading session. We can see the formation of a bullish harami pattern in the 15-minute time frame indicating a bullish trend. The Williams percent range indicator is back over -50 in the 2-hour time frame. We can clearly see a double bottom pattern above the $1218 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. ETH is now trading just below its pivot level of 1232 and moving into a consolidation channel. The price of ETHUSD is now testing its classic resistance level of 1234 and Fibonacci resistance level of 1235 after which the path towards 1300 will get cleared. The relative strength index is at 53 indicating a NEUTRAL demand for Ether and the continuation of the consolidation phase in the markets. We can see both the bullish harami and bullish harami cross pattern in the daily time frame. Both the relative strength index and the average directional index are indicating neutral levels, which means that the prices are expected to remain in a narrow range in the short-term range. Most of the technical indicators are giving a STRONG BUY market signal. Most of the moving averages are giving a BUY signal and we are now looking at the levels of $1300 to $1400 in the short-term range. ETH is now trading below its 100 hourly simple and 200 hourly exponential moving averages. Ether: bullish reversal seen above the $1218 mark The short-term range appears to be mildly bullish ETH continues to remain above the $1200 levels The average true range is indicating LESS market volatility Ether: Bullish Reversal Seen Above $1218 ETHUSD is now moving into a mild bullish channel with the price trading above the $1200 handle in the European trading session today. ETH is now preparing to enter into a consolidation phase above the $1230 handle, after which fresh upside waves are expected. ETHUSD touched an intraday high of 1234 and an intraday low of 1223 in the Asian trading session today. We have seen a bullish opening in the markets this week. The daily RSI is printing at 47 indicating a neutral demand for Ether in the long-term range. The key support levels to watch are $1191, which is a 14-3 day raw stochastic at 50%, and $1215 at which price crosses 18 Day Moving Average. ETH has increased by 0.09% with a price change of 1.07$ in the past 24hrs and has a trading volume of 4.698 billion USD. We can see a decrease of 24.01% in the total trading volume in the last 24 hrs which appears to be Normal. The Week Ahead ETH price continues to remain under mild bullish pressure and the prices are expected to remain in a bullish traction this week. After the current wave of consolidation gets over, we are expecting fresh buying pressure above the $1200 handle which will push the price above the $1300 level. The immediate short-term outlook for Ether has turned bullish, the medium-term outlook has turned neutral, and the long-term outlook for Ether is neutral in present market conditions. The price of ETHUSD will need to remain above the important support level of $1199 at which the price crosses 9-day moving average stalls. The weekly outlook is projected at $1400 with a consolidation zone of $1350. Technical Indicators: The relative strength index (14): is at 53.20 indicating a NEUTRAL. The STOCH (9,6): is at 69.01 indicating a BUY The MACD (12,26): is at 0.350 indicating a BUY Bull/bear power (13): is at 1.498 indicating a BUY LTCUSD: Hammer Pattern Above $75.38 Litecoin was unable to sustain its bearish momentum last week and after touching a low of $75.38 on 02nd Dec, the prices started to move upwards against the US dollar touching a high of $83.87 on 05th Dec. The prices of Litecoin have corrected lower due to short selling, but a rebound in the prices is expected after the consolidation wave gets over. We can clearly see a hammer pattern above the $75.38 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets. Litecoin is now trading below its 100 hourly simple moving averages and below its 200 hourly simple moving averages. The price of LTCUSD is just below its pivot level of 75.86 The relative strength index is at 54.25 indicating a NEUTRAL demand for Litecoin and the shift towards the consolidation phase in the markets. We can see the formation of both bullish harami and bullish harami cross patterns in the 15-minute time frame. Litecoin touched an intraday high of $77.30 and an intraday low of $74.54 in the Asian trading session today. The prices of Litecoin continue to remain above some of the moving averages, which are now giving a BUY signal at current market levels of 74.98. The RSI is indicating a neutral level, which means that the prices are expected to move towards the consolidation phase in the short-term range. The short-term outlook for Litecoin has turned mildly bullish. Most of the technical indicators are giving a buy signal Litecoin: bullish reversal seen above the $75.38 levels The STOCHRSI is giving an overbought signal The average true range is indicating LESS market volatility Litecoin: Bullish Reversal Seen Above $75.38 The price of Litecoin is moving into a downside correction wave above the $74.00 handle and after this we are expecting fresh upsides at $80 and $85 levels. The commodity channel Index is giving a bullish divergence signal in the 4-hour time frame. We can see the formation of a bullish trend reversal pattern with the adaptive moving average AMA20 in the 15-minute time frame. We have seen a bullish opening of the markets this week. The price of LTCUSD is now facing its classic resistance level of 81.12 and Fibonacci resistance level of 85.77 after which the path towards $90 will get cleared. Litecoin is now facing its resistance zone at $78.45 which is a 3-10 day MACD oscillator stalls and at $79.17 which is a 14-3 day raw stochastic at 80%. The daily RSI is printing at 54 which is indicating a neutral demand for Litecoin and the continuation of the consolidation wave in the medium-term range. LTCUSD has decreased by 2.21% with a price change of 1.70$ in the past 24hrs and has a trading volume of 0.495 billion USD. Litecoin’s trading volume has decreased by 19.77% compared to yesterday which appears to be normal. The Week Ahead The prices of Litecoin continue to move into a narrow range between the $70 and $85 levels which are the consolidation levels in the 30-minute time frame. We are expecting more upsides towards the $80 and $85 levels, after the current downside wave gets exhausted. Litecoin is expected to enter rally mode next week. The price of Litecoin needs to remain above the important support level of $71.82 which is a 14-3 day raw stochastic at 50%. The short-term outlook for Litecoin has turned bullish, the medium-term outlook is bullish, and the long-term outlook is neutral at present market conditions. The weekly outlook is projected at $85 with a consolidation zone of $80. Technical Indicators: The STOCH (9,6): is at 61.52 indicating a BUY The commodity channel index (14): is at 179.55 indicating a BUY The bull/bear power (13): is at 28.93 indicating a BUY The Williams percent range: is at -25.82 indicating a BUY Disclaimer: This forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as financial advice.
Editors' picks
10
What Makes this Yield Curve Inversion so Different?An Inverted yield curve in the context of a 2% inflation environment holds a different meaning than, an Inverted Yield Curve in a high inflation environment...... Market Expectations of Disinflation led to this Inverted Yield Curve: The Nominal Inversion of the yield curve is caused by the expectation that inflation will fall steadily. Believe it or not an Inverted Yield Curve is the best case scenario for the Fed. A Nominal Inversion during a high inflation period shows that markets have confidence/belief in the Fed's Policy to bring inflation down to 2%. Most of the inversion seen in the yield curve today is nominal.... The Nominal Yield Curve vs. the Real Yield Curve: Nominal Yield – Real Yield = Breakeven Inflation Rate. Real Yield = Nominal Yield - Breakeven Inflation Rate The Breakeven Inflation Rate represents what inflation would have to be in order for investors to “break even” when buying a bond. The general thought process is: If you believe the inflation rate will be greater than the breakeven rate buy Treasury Inflation-Protected (TIP) bonds. Notice how the Yield Curve for Nominal Yields is a lot more Inverted than the Yield Curve for Real Yields. Hence, the inversion in today's Yield Curve is mainly nominal. Below I calculate out the Real Yield for the treasuries with Breakeven TIP Data from FRB St.Louis. Nominal Break-even US02Y: 4.3% - (RealYield) = 3.0% = 1.3% RealYield for US02Y US05Y: 3.6% - (RealYield) = 2.3% = 1.3% RealYield for US05Y US07Y: 3.6% - (RealYield) = 2.4% = 1.2% RealYield for US07Y US10Y: 3.4% - (RealYield) = 2.2% = 1.2% RealYield for US10Y US10Y/US02Y Nominal Yield Curve: 3.4% - 4.3% = -0.8% (Inverted) US10Y/US02Y Real Yield Curve: 1.2% - 1.3% = -0.1% (Inverted) The bond market expects for inflation to remain above trend the next 1-2 years and decrease dramatically after that. As you can see, the nominal yield curve is very inverted even though, the real interest rate is pretty much held constant across thee curve. The Real Interest Rate remains between 1.3% and 1.2%. The Yield Curve Inversion in Nominal terms is: -0.8% and in Real Terms is: -0.1%. Partners in Crime: Unemployment and the Yield Curve: When consumers start to save more, companies start to see earnings deteriorate. In turn, they cut costs by letting workers go. The US10Y/US02Y yield curve is a proxy for Unemployment. Unemployment rises as, the market starts to expect rate cuts from the fed. It is only when the spread on the US10Y/US02Y starts trending up does unemployment start to rise. The spread of the US10Y/US02Y yield curve starts to trend upwards when the 2 year rate plummets as, markets start to price in a recession. Currently, the Yield Curve is still declining signaling that unemployment will remain low. So what does this all mean??? A recession is not as close as many people are saying. People have been calling for a recession since April. This yield curve also signifies that markets are more or less believe that the fed will engineer a soft anding and bring inflation back to the 2% target. If you don't believe the disinflationary narrative spread by the fed there is an opportunity for you to make money on what markets are mispricing. What will you do the next time a fake guru waves an inverted yield curve in your face to scare you into a subscription?
Editors' picks
17
Keep Calm and 4k OnBears don't get to convinced a sell off is near. Bulls will be buying the dip for the entire next year. 4K is the level, premium the harvest. ---- In this idea I present to you a level everyone should be aware of because my prediction is that we will end 2023 around 4k. I was browsing the SPX options chain for 2023 and 4k is by far the highest open interest across all major expires like quad witching. This shouldn't be a surprise as it has been a magnet since the Archegos margin call. I jokingly call it the Archegos Gap. But after extensive research into SLR and ON Reverse Repos it is also a major level the Fed shifted policy in 2021. Every directional shift higher or to lower from 4k has correlation with the Archegos Gap. Most notable are: Inverted Yield Curves Hyper Inflation Debt DXY The market is starting to wake up to the idea equities will be flat for the entire year.
Editors' picks
17
How does the market react after inflation peaks ? Hi guys, today I bring you an important point for macro analysis. Many believe that seeing a significant improvement in economic data, especially those linked to inflation, showing that it is slowing down is something positive, is it really? In a way, it's a positive metric when looked at in isolation, because inflation brings major disturbances to the economy, but that's a topic for another post. What matters is that the mere fact that inflation has marked a possible peak and the Fed has started to reduce interest rates does not mean that we are going to have a bottom in the market! Currently big banks are warning about the recession, and this for us, is not news, but look at this headline: "Jamie Dimon, CEO of JPMorgan Chase, talks of recession next year" But here we had already been talking about this recession for some time, after publishing a study talking about the inversion of the yield curve, in that study there was the following sentence: "According to the data available on the Federal Reserve website, the inversion of the yield curve preceded all American recessions since 1950, with the exception of a false signal in 1967." This publication was made on the So, yes, we have a contracted recession, but what does that have to do with peak inflation? Inflation brings, as a consequence, a scenario of uncertainties in the economy, and discourages new investments from being carried out. In practice, this causes difficulties for the country's economic growth, and once we have this combined with high interest rates, growth becomes even more difficult. So, even though inflation has reached its peak, interest rates are still very high, and we continue to struggle with economic growth and this usually happens, see the chart, after inflation peaks we had big drops. Will we see something similar again? Tell me your opinion here!
Editors' picks
32
XOM - Top Is In 🧐XOM appears to be topping here at the long and shorter term Fibonacci cluster shown on the chart. The long 1:1 trend based Fibonacci extension is taken from the 3 major pivots from the bottom that defines the approximate topping area. I have been looking at this area for some time see linked thread . Shorter term there are two 2 point reverse Fibonacci extension hitting 1.272 and 1.618 just above the long term extension. This is very common that the shorter term extensions define the overshoot of the long term extension. Other clues were the Adam and Eve structure with "Adam" impulsive spike back in June forming the "BC Buying Climax" and "Eve" corrective dome showing upside impetus waning that also forms "UT UpThrust." Within the dome the inverted Wyckoff "Creek" ascending channel printed as shown in the basic Wyckoff Accumulation Schematic image on the chart. Another key chart is the XOM/USOIL pair and this is probably topping in this area with a long wicked and small bodied Shooting Star perfectly striking the 2.272 and revealing the probably reversal. Once this /USOIL pair gets moving to the downside it should get really nasty for XOM as it will be in a downtrend against USOIL and USOIL itself appears to be breaking down from a long term trendline to go continue the downtrend against dollar see linked thread . Another clue was the XOI Oil Index (that XOM is part of) that printed 2 shakeout reversal pattern Adam&Eve probes through the long term trendline. Plenty of RSI divergence also showing a probable collapse. This topped perfectly at the 1:1.13 extension which is a common phi related overshoot ratio for the 1:1. This is still a great momentum trade right and and who knows it may bounce. I actually have targets to go higher but the writing is very much on the walls here and just to show you that I have been waiting for this and have potentially shorted the top.
Editors' picks
15
Is Exxon Mobil prime for a trend reversal after 280% rally?On 8th November 2022, shares of Exxon Mobil reached a high of 114.66$, marking over a 280% increase since their lows in March 2020. The company has enjoyed this two-year lasting rally thanks to the growing prices of oil, which translated into growing corporate earnings during this period. However, with oil prices peaking in the first half of 2022 and worsening economic conditions around the globe, shares of XOM might be positioning themselves for a trend reversal. In addition to that, the U.S. government seeking to increase taxes on oil producers also does not help the situation. Therefore, we will closely monitor the price action. We want to see the price break below the immediate support/resistance level and a pick-up in volume to support our thesis. With that outlined, we want to set a price target for XOM at 90$ per share. Illustration 1.01 Illustration 1.01 displays the weekly chart of XOM. Volume can be seen declining for the past eight months while the price kept rising. That hints at fewer investors willing to buy the stock at elevated levels. Technical analysis Daily time frame = Bearish Weekly time frame = Bullish but losing momentum Illustration 1.02 Illustration 1.02 shows the daily chart of XOM and 200-day SMA. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Editors' picks
34
Visualizing Business and Market Cycles Through Momentum: 2In part one, we discussed using a market momentum matrix to anticipate the business cycle, the potential inflection in the macro environment and shared the final distillation of the current momentum matrix. In part 2 we discuss how the MACD oscillator is used to build the matrix. Methodology: Individual markets and ratios are plotted in the quadrant that best describes their combination of momentum and price action. The precise point where the individual plots fall in the matrix is not nearly as important as the overall pattern of multiple plot points and the general weight of the evidence. It is important to realize that the momentum state is not always obvious. Accept that its messy and use your best judgement in deciding on quadrants. The idea is build a general view of the market and economic cycle. What defines the momentum quadrant? The monthly perspective moving average convergence divergence oscillator (MACD). The individual quadrants reflect the relationship between the 13 and 26 month exponentially smoothed averages. Quadrant One: Waning Bear: In this quadrant momentum is bearish with the shorter average below the longer average, but the difference between the two is becoming less. Momentum is still lower, but at a decreasing rate. Quadrant Two: Strong Advance: In this quadrant momentum is bullish with the shorter average above the longer average and the difference between the two is becoming greater. Momentum is higher at an increasing rate. Quadrant Three: Waning Bull: In this quadrant momentum is bullish with the shorter average above the longer average, but the difference between the two is becoming less. Momentum is still higher, but at a decreasing rate. Quadrant Four: Strong Decline: In this quadrant momentum is bearish with the shorter average below the longer average and the difference between the two is becoming greater. Momentum is lower at an increasing rate. Trading Ranges: A market in a trading range is removed from the matrix until it breaks from the range even if MACD momentum has been falling/rising for months. Recycling: It is not unusual for auctions to become overbought or oversold, lose momentum, move into a neighboring quadrant for a few months and then cycle back. When this happens, use your judgment as to which quadrant to place the auction in. This pattern most typically occurs in an market that has reached a momentum extreme in the perspective of one lower degree and typically appears only once. I think this is currently happening in equities. Bearish momentum is waning as weekly momentum became deeply oversold, but monthly price charts, in my estimation, don't support a change in trend. In part 3 we will place individual auctions into the matrix and begin to outline market relationships to the business cycle. And finally, many of the topics and techniques discussed in this post are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Taylor Financial Communications Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Editors' picks
26

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Snaps

09 Dec

Try, try again

In times of adversity, sometimes the only way to move forward is to try a different path. As a wise man once said – stupidity is doing the same thing and expecting different results. With streaming revenues slowing down, companies in the space are having to change their strategy to survive the downturn and get back on the road to greatness. Disney’s had a lot to put up with this year, but it looks like it's putting this theory into practice. Let’s dive in.

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DIS
The magic Disney needs?

2022 has been anything but magical for Disney, but its new strategy might make 2023 its comeback year.

GOOGL
Citation needed

Big tech just can’t seem to catch a break this year, with Google now being held responsible for whether its listings are factually correct.

CELUSD
The fun’s over

Months after the bankruptcy of Celsius, funds are finally starting to make their way back to customers’ hands.

ATOMUSD
Stop, drop and swap

The Cosmos blockchain looks ready to take advantage of its increasing stablecoin volumes, with new functionality coming to its main exchange.

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BITCOIN price, CPI, FOMC-Fed Funds Rate Next week will be hot🔥Today, we will share with you our estimates on the possible movement of the BTCUSDT price over the next week. Let's start with the fact that last week's trade was justified, and it is still relevant. Buyers managed to keep the price above the liquidity zone of $16400-16600. Over the next few days, we expect that buyers will find the strength for another upward impulse. The main task of the upward momentum is to break the next portion of the shorts' stops, which are hiding above $18000. And then, ideally, the final retest of the strength of the liquidity zone $16800 - 17100 . If buyers do not allow the BTC price to consolidate below this zone, then it will be possible to speak with greater confidence at least about a local change in the trend. At the beginning of next week, increased volatility in the market is guaranteed. After all, on 13.12 the US Consumer Price Index (CPI) will be updated, and on 14.12 the Federal Reserve will announce a new US Fed funds rate (forecast +0.5%) So subscribe to us, put a like under the idea and write a comment. And we, in turn, will update this idea on Tuesday/Wednesday and comment on the market situation at the moment. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
29
Solana - Buy here for a 452% PROFIT! (Best level) You are wondering why SOL is falling drastically and maybe where the best level to buy is. In this analysis, I will show you! Technically, this coin is very weak. The downtrend is steep and very impulsive, no doubt about it. But it is also a great opportunity for buyers to speculate on the midterm long position. But first of all, we need to find the best level for it. Fibonacci is a very powerful tool, and we can use the confluence of the FIB retracement and FIB extension to look for a level where there is likely to be a trend reversal point. We need to take a FIB retracement (LOG FIB) from the previous huge uptrend from 2020–2021. We can see that 0.618 FIB is at 8.52 USDT. 0.618 FIB is, of course, the strongest FIB level. Also, we need to take a FIB extension from wave 3 => 4 to predict a fifth wave. There is a pretty good chance that the trend reversal point can occur at the 1:1 FIB extension, which is around 8.74 USDT. Because we have a very strong fibonacci support between 8.52 and 8.74 USDT, we can place a buy order here and wait for the price to reach this level! Sounds pretty easy, doesn't it? I think we should see a lot of buyers here, and we can expect a major rally with a potential profit of 452%! If you bought SOL at a higher price and you want to get out, then it's good news for you! I don't have any SOL at this moment, so I am waiting for the price to come to me! The price is moving in the descending parallel channel, and this is also a great opportunity to buy SOL at the bottom of the channel, so we have another confluence to buy SOL! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I hope you guys will take this trade! Take care. For more ideas, hit "Like" and "Follow", right now!
Long
57
EURNZD > A Nice Triangle Pattern, Breakout Soon?Analysis of #EURNZD Hi traders, today we will have a look at #NZDCAD The EURNZD forms a nice triangle pattern, as you can see we have multiple touches on each side. one way to trade this pattern is too to trade the consolidation inside the trendlines, the other way is to wait for a breakout and trade in the direction of the breakout, which is what I like to do. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
15
AUDJPY H8: H*S / SHORT IT TP +150/+300 pips(SL/TP)(SWING)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! AUDJPY H8: H*S / SHORT IT TP +150/+300 pips(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT as I'm expecting a fresh dump in this market. 🔸 Summary and potential trade setup ::: AUDJPY 8hour/candle chart review ::: updated/revised outlook ::: speculative H*S setup in progress ::: 91.00 weak S/R level will BREAK ::: expecting fresh selling soon ::: shorting at market makes sense ::: is a low risk setup using 80 pips SL ::: cluster of stop losses overhead ::: recommend to RESHORT near MARKET ::: recommended strategy: SHORT AT MARKET ::: TP1 +150 TP2 +300 pips final TP 89.00 ::: lower risk strategy: short it from resistance ::: SL 80 pips TP1 +150 pips TP2 +300 pips ::: this is lower risk / recommend to SHORT IT AT MARKET ::: final TP BEARS is 89.00 fresh demand zone ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/DUMP ::: Sentiment outlook mid-term: BEARS/DUMP/89.00 RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
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RLinda ! BTCUSD-> Did the bears put on the bull skin again? Bitcoin finishes its correction amid a local uptrend near the 0.5 Fibo level, after which the flagship strengthens to 17296 and forms a consolidation at the key level. The price overcomes the resistance density and enters the vacuum zone on the volume profile. Essentially price enters the zone without any resistance and bitcoin can reach the 19000 zone quite quickly in a calm environment The price is in an ascending price channel. The fifth Elliott trend wave is forming, the expected end of the movement is the resistance of the price channel. A condition for the price to continue rising is fixing of the bitcoin above the level of 17223, in which case the potential opens to 17592 and towards 18000. In the medium term, I will wait for the price to approach the level of 18271 and the Fibo level of 1.618. BUT, the global trend is bearish and there is no exact confirmation of the formed bottom yet. We need to be careful. In case of price consolidation under the level of 17223, we may see a fall to the Fibo level of 0.5 (16711). Regards R. Linda!
Long
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BTC - Critical Period / Area! ⏰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. BTC has been overall bullish for the last 2 weeks trading inside the red channel. We would be bullish (short-term) as long as we are trading inside the channel. However, the 18k is a strong resistance zone as it is intersecting with the upper red trendline which acts as a non-horizontal resistance. So I will be expecting a rejecting there. As per my trading style, I will be zooming in to lower timeframes and looking for any bearish reversal setup to confirm it. We would be bullish, unless we break below the orange zone, in this case a movement till the lower bound of the range (around 15500) would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
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Lingrid | GOLD short term CORRECTIONThe price perfectly fulfills my last idea. The market broke out of the range zone and it moved towards resistance after testing support. I think gold might go down to test support from resistance if price makes a fake break or double top because price shows no sign of strength while approaching the resistance. And it already bounced off the upper border of the ascending channel. My goal is the support level at 1782. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
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Pine scripts

Smart Money Concepts [LUX]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category. "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action. The indicator includes alerts for the presence of swing structures and many other relevant conditions. Features This indicator includes many features relevant to SMC, these are highlighted below: Full internal & swing market structure labeling in real-time Break of Structure (BOS) Change of Character (CHoCH) Order Blocks (bullish & bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs & Lows Premium & Discount Zones as a range Options to style the indicator to more easily display these concepts Settings Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart. Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome. Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart. Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH). Confluence Filter: Filter non-significant internal structure breakouts. Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels). Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL. Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart. Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart. Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows. Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart. Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart. Auto Threshold: Filter out non-significant fair value gaps. Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection. Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart. Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels. Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart Usage Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals. In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart. Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above. As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels. The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator. Conclusion This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
Pine Script™ indicator
291
Volume Profile Volume Delta OI Delta [Kioseff Trading]Hello! This script serves to distinguish volume delta for any asset and open interest delta for Binance perpetual futures. The image above provides further explanation of functionality and color correspondence. The image above shows the indicator calculating volume at each tick level and displaying the metric. The label color outline (neon effect) is configurable; the image above is absent the feature. The image above shows Open Interest (OI) Delta calculated - similar to how the script calculates volume delta - for a Binance Perpetual Future pair. This feature only works for Binance Futures pairs; the script will not load when trying to calculate OI Delta on other assets. Additionally, a heatmap is displayable should you configure the indicator to calculate it. The image above shows a heatmap using volume delta calculations. The image above shows a heatmap using OI delta calculations. Of course, these calculations - when absent requisite data - require some assumptions to better replicate calculations with access to requisite data. The indicator assumes a 60/40 split when a tick level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms. This option is configurable; you can select to have the script not assume a 60/40 split and instead record volume "as is" at the corresponding tick level. The script also divides volume and open interest if a one-minute bar violates multiple tick levels. The volume or open interest generated on the one-minute bar will be divided by the number of tick levels it exceeds. The results are, subsequently, appended to the violated tick levels. Further, the script can be set to recalculate after a user-defined time threshold is exceeded. You can also define the percentage or tick distance between levels. Also, it'd be great if this indicator can nicely replicate volume delta indicators on other charting platforms. If you've any ideas on how price action can be used to better assume volume at the corresponding price area please let me know! Thank you (:
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Pine Script™ indicator
60
Next Pivot Projection [Trendoscope]Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot) 🎲 Previous experiments 1. Divergence-Backtester 2. Divergence-Backtester-V2 🎲 Additions Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of average ratio for each levels and average bars. Based on these data, we try to calculate the next pivot projections including possible bar and price. Cloud covering the candles indicate historical levels of average HH, HL, LH, LL projections. Hover on projection labels to find more details in tooltips. 🎲 Overall method in a nutshell 🎲 Going bit deeper 🎯 Unconfirmed Pivot and its projection - Last pivot of the zigzag is always unconfirmed. Meaning, it can potentially repaint based on further price movements. But, projection of the unconfirmed pivot will not change as it will be based on previous two pivots - both of which are confirmed. 🎯 Next Pivot Projection - Next pivot is projected based on last two pivots - which include last unconfirmed pivot. Hence, these projections can potentially repaint based on the last pivot repaint. 🎯 Historical projections displayed as cloud - Historical projection values are displayed as cloud around pivots. A cloud above represents area from average lower high range to average higher high range. Cloud color is green if average ratio of pivot high is more than 1. Red Otherwise. A cloud below represents area from average higher low range to average lower low range. Cloud color is red if average ratio of pivot high is more than 1. Green otherwise
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Pine Script™ indicator
70
Market sessions and Volume profile - By LeviathanThis script allows you to keep track of Forex market sessions (Tokyo, London and New York), as well as Daily, Weekly and Monthly sessions. All of them are accompanied by Volume Profile options where you can view VP Histogram, Point of Control, Value Area High and Value Area Low. Colors, lines and other design preferences are fully customizable. * Volume Profile of shorter sessions (eg. Tokyo, London, New York) works better when using lower timeframes such as 15min, 5min, etc. ** Use timeframe higher than 15min when viewing Monthly sessions Indicator settings overview: SESSION TYPE - Tokyo session (1:00 - 9:00 UTC/ GMT ) - London session (7:00 - 16:00 UTC/ GMT ) - New York session (13:00 - 22:00 UTC/ GMT ) - Daily session - Weekly session - Monthly session DISPLAY - Show Volume Profile (Show or hide Volume Profile histogram) - Show POC (Show or hide Point Of Control line) - Show VAL (Show or hide Value Area Low line) - Show VAH (Show or hide Value Area High line) - Show Live Zone (Show or hide the ongoing session) VOLUME PROFILE SETTINGS - Resolution (The higher the value, the more refined of a profile, but less profiles are shown on the chart) - Smooth Volume Data (Useful for assets that have very large spikes in volume over large bars, helps create better profiles) APPEARANCE - Up Volume color (Pick a custom color for up/ bullish volume profile nodes) - Down Volume color (Pick a custom color for down/ bearish volume profile nodes) - POC color and thickness (Pick a custom color and thickness for Point Of Control line) - VAH color and thickness (Pick a custom color and thickness for Value Area High line) - VAL color and thickness (Pick a custom color and thickness for Value Area Low line) - Session box thickness (Pick a custom thickness for the session box. Color is provided automatically with optimal contrast) ** Some VP elements are inspired by @LonesomeTheBlue's volume profile script
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Pine Script™ indicator
40
WaveTrend 3D█  OVERVIEW WaveTrend 3D (WT3D) is a novel implementation of the famous WaveTrend (WT) indicator and has been completely redesigned from the ground up to address some of the inherent shortcomings associated with the traditional WT algorithm. █  BACKGROUND The WaveTrend (WT) indicator has become a widely popular tool for traders in recent years. WT was first ported to PineScript in 2014 by the user @LazyBear, and since then, it has ascended to become one of the Top 5 most popular scripts on TradingView. The WT algorithm appears to have origins in a lesser-known proprietary algorithm called Trading Channel Index (TCI), created by AIQ Systems in 1986 as an integral part of their commercial software suite, TradingExpert Pro. The software’s reference manual states that “TCI identifies changes in price direction” and is “an adaptation of Donald R. Lambert’s Commodity Channel Index (CCI)”, which was introduced to the world six years earlier in 1980. Interestingly, a vestige of this early beginning can still be seen in the source code of LazyBear’s script, where the final EMA calculation is stored in an intermediate variable called “tci” in the code. █  IMPLEMENTATION DETAILS WaveTrend 3D is an alternative implementation of WaveTrend that directly addresses some of the known shortcomings of the indicator, including its unbounded extremes, susceptibility to whipsaw, and lack of insight into other timeframes. In the canonical WT approach, an exponential moving average (EMA) for a given lookback window is used to assess the variability between price and two other EMAs relative to a second lookback window. Since the difference between the average price and its associated EMA is essentially unbounded, an arbitrary scaling factor of 0.015 is typically applied as a crude form of rescaling but still fails to capture 20-30% of values between the range of -100 to 100. Additionally, the trigger signal for the final EMA (i.e., TCI) crossover-based oscillator is a four-bar simple moving average (SMA), which further contributes to the net lag accumulated by the consecutive EMA calculations in the previous steps. The core idea behind WT3D is to replace the EMA-based crossover system with modern Digital Signal Processing techniques. By assuming that price action adheres approximately to a Gaussian distribution, it is possible to sidestep the scaling nightmare associated with unbounded price differentials of the original WaveTrend method by focusing instead on the alteration of the underlying Probability Distribution Function (PDF) of the input series. Furthermore, using a signal processing filter such as a Butterworth Filter, we can eliminate the need for consecutive exponential moving averages along with the associated lag they bring. Ideally, it is convenient to have the resulting probability distribution oscillate between the values of -1 and 1, with the zero line serving as a median. With this objective in mind, it is possible to borrow a common technique from the field of Machine Learning that uses a sigmoid-like activation function to transform our data set of interest. One such function is the hyperbolic tangent function (tanh), which is often used as an activation function in the hidden layers of neural networks due to its unique property of ensuring the values stay between -1 and 1. By taking the first-order derivative of our input series and normalizing it using the quadratic mean, the tanh function performs a high-quality redistribution of the input signal into the desired range of -1 to 1. Finally, using a dual-pole filter such as the Butterworth Filter popularized by John Ehlers, excessive market noise can be filtered out, leaving behind a crisp moving average with minimal lag. Furthermore, WT3D expands upon the original functionality of WT by providing: First-class support for multi-timeframe (MTF) analysis Kernel-based regression for trend reversal confirmation Various options for signal smoothing and transformation A unique mode for visualizing an input series as a symmetrical, three-dimensional waveform useful for pattern identification and cycle-related analysis █  SETTINGS This is a summary of the settings used in the script listed in roughly the order in which they appear. By default, all default colors are from Google's TensorFlow framework and are considered to be colorblind safe. Source: The input series. Usually, it is the close or average price, but it can be any series. Use Mirror: Whether to display a mirror image of the source series; for visualizing the series as a 3D waveform similar to a soundwave. Use EMA: Whether to use an exponential moving average of the input series. EMA Length: The length of the exponential moving average. Use COG: Whether to use the center of gravity of the input series. COG Length: The length of the center of gravity. Speed to Emphasize: The target speed to emphasize. Width: The width of the emphasized line. Display Kernel Moving Average: Whether to display the kernel moving average of the signal. Like PCA, an unsupervised Machine Learning technique whereby neighboring vectors are projected onto the Principal Component. Display Kernel Signal: Whether to display the kernel estimator for the emphasized line. Like the Kernel MA, it can show underlying shifts in bias within a more significant trend by the colors reflected on the ribbon itself. Show Oscillator Lines: Whether to show the oscillator lines. Offset: The offset of the emphasized oscillator plots. Fast Length: The length scale factor for the fast oscillator. Fast Smoothing: The smoothing scale factor for the fast oscillator. Normal Length: The length scale factor for the normal oscillator. Normal Smoothing: The smoothing scale factor for the normal frequency. Slow Length: The length scale factor for the slow oscillator. Slow Smoothing: The smoothing scale factor for the slow frequency. Divergence Threshold: The number of bars for the divergence to be considered significant. Trigger Wave Percent Size: How big the current wave should be relative to the previous wave. Background Area Transparency Factor: Transparency factor for the background area. Foreground Area Transparency Factor: Transparency factor for the foreground area. Background Line Transparency Factor: Transparency factor for the background line. Foreground Line Transparency Factor: Transparency factor for the foreground line. Custom Transparency: Transparency of the custom colors. Total Gradient Steps: The maximum amount of steps supported for a gradient calculation is 256. Fast Bullish Color: The color of the fast bullish line. Normal Bullish Color: The color of the normal bullish line. Slow Bullish Color: The color of the slow bullish line. Fast Bearish Color: The color of the fast bearish line. Normal Bearish Color: The color of the normal bearish line. Slow Bearish Color: The color of the slow bearish line. Bullish Divergence Signals: The color of the bullish divergence signals. Bearish Divergence Signals: The color of the bearish divergence signals. █  ACKNOWLEDGEMENTS @LazyBear - For authoring the original WaveTrend port on TradingView @PineCoders - For the beautiful color gradient framework used in this indicator @veryfid - For the inspiration of using mirrored signals for cycle analysis and using multiple lookback windows as proxies for other timeframes
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Pine Script™ indicator
61
Day Trading Booster by DGTTiming when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney , Tokyo , London and New York sessions Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports. When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds Cryptocurrency markets on the other hand remain open 24/7, even during public holidays Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend. Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction The Bottom Line The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order) The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep What does the Day Trading Booster do? Day Trading Booster is designed ;   - to assist in determining market peak times, the times where better trading opportunities may arise   - to assist in determining the probable trading opportunities   - to help traders create their own strategies. An example strategy of when to trade or not is presented below For Forex markets specifically includes   - Opening channel of Asian session, Europien session or both   - Opening price, opening range (5m or 15m) and day (session) range of the major trading center sessions, including Frankfurt   - A tabular view of the major forex markets oppening/closing hours, with a countdown timer   - A graphical presentation of typically traded volume and various forext markets oppening/clossing events (not only the major markets but many other around the world) For All type of markets Day Trading Booster plots   - Day (Session) Open, 5m, 15m or 1h Opening Range   - Day (Session) Referance Levels, based on Average True Range (ATR) or Previous Day (Session) Range (PH - PL)   - Week and Month Open Day Trading Booster also includes some of the day trader's preffered indicaotrs, such as ;   - VWAP - A custom interpretaion of VWAP is presented here with Auto, Interactive and Manual anchoring options.   - Pivot High/Low detection - Another custom interpretation of Pivot Points High Low indicator.   - A Moving Average with option to choose among SMA, EMA, WMA and HMA An example strategy - Channel Bearkout Strategy When day trading a trader usually monitors/analyzes lower timeframe charts and from time to time may loose insight of what really happens on the market from higher time porspective. Do not to forget to look at the larger time frame (than the one chosen to trade with) which gives the bigger picture of market price movements and thus helps to clearly define the trend Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
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Pine Script™ indicator
66
Equity Bond Currency DashboardDepicts demand-flow between Equities, Bonds and Currencies of 6 countries. Useful in tracking the flow of smart money and checking the dynamics of inter-connected markets. Principle: DXY lies at the heart of the diagram with usd-currency pairs of 5 countries connected to it. When demand for a currency increases it strengthens against Dollar. This is depicted by a line from DXY to the currency indicating demand flow from Dollar to the currency (DXY is only an indicative symbol for Dollar, the currency may not be part of the dollar index). Similarly when Dollar strengthens against the currency, demand flow is depicted by a line from the currency to DXY. Currency blocks are connected to Equity and Bond Yields of the respective countries. Equities and Bonds, when bought, takes the demand from the respective currencies and vice versa. Overall, the demand flows in the direction of arrows. The flow is incomplete without commodities, import/export, interest/inflation rates of countries, however, the diagram most of the times explains why an asset class is performing the way it is. Left side bar of each block is very similar to OHLC candles except for the following - Instead of wicks, top and bottom of the bar represents high and low for the selected time-frame Open and close are normalised for high and low Bar border is red if close < prev.close, green if close >= prev.close Other notes: The diagram requires at least 200 bars in the chart to render. Please select the symbol and time-frame that contain at least 200 bars. The diagram requires a live market to render the flow. To check flows on historical bars, set the option from settings. Desired indices could be selected for countries of choice. Default settings point to futures wherever possible to have the markets live simultaneously across the countries.
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Pine Script™ indicator
10
Minervini QualifierThe Minervini Qualifier indicator calculates the qualifying conditions from Mark Minervini’s book “Trade like a Stock Market Wizard”. The condition matching is been shown as fill color inside an SMA 20day envelope curve. If the envelope color is red, current close price is below the SMA20 and when blue, current close price is above the SMA20. The fill color can be transparent (not matching qualifying conditions), yellow (matching all conditions except close is still below SMA50), green (all conditions match, SMA200 trending for at least one month up) or blue (all conditions match, SMA200 trending up for at least 5 months) As I wanted also to see which of the qualifying conditions match over time, I’ve added add. lines, each representing one conditions. If it matches, line color is blue, or red if not. Use the data windows (right side), so you know what line represents which condition. Can be turned on/off (default:on) In addition, a relative strength is been calculated, to compare the stock to a reference index. It is just one possible way to calculate it, might be different to what Mark Minervini is using. If the shown value (top right) is above 100, stock performs better compared to reference index (can be set in settings), when below 100, stock performs worse compared to reference index. Can be turned on/off (default:on) How to use it: For more details, read Mark’s book and watch his videos. Limitations: It gives only useful information on daily timeframe (No financial advise, for testing purposes only)
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Pine Script™ indicator
16
TheMas7er scalp (US equity) 5min [promuckaj]This indicator was created according to TheMas7er's trading setup, that he reveal after 18 years of working in the industry. Claims is that this setup should give you good probability to predict the price movement for US equity. This trading setup is only for New York equity trading session from 09:30 until 4pm. The market in which you should use it are the S&P 500 , Dow Jones, and Nasdaq. Perhaps it will work on some other but for those are good according to tests. It should not used on days with high-impact news, like CPI , FOMC, NFP and so on. The model can still work there but the probability on these days is way lower. What is the base of this indicator, it marks what is called "The Defining Range"("DR"). This defining range is from 09:30am until 10:30am New York local time, it takes those 12 candles in the 5min chart. Indicator will mark the high and low of this range, including wicks. This will help you to already know at 10:30am, with possible good probability the high or low of the day. There is also the "Implied Defining Range"("iDR") lines inside the "DR" range, which mark the highest body and the lowest body in the "DR" range. *The rules (it is very simple to follow): Chart must be set in 5min timeframe. At 10:30am you still don't know which one will be the real high or low of the day, but only one will be true. If price is closing on 5min chart above the "DR" it should give you good probability that the low of the "DR" is the low of the day, and vice versa - if price is closing below the "DR" it should give you good probability that the high of the "DR" is the high of the day. "iDR" gives you an early indication about what high or low of the day should be. If price is closing above "iDR" you will have an early indication that the low of the "DR" should be the low of the day, and vice versa. Note that about closing means really closing above or below, not just wicks. Now, after this you can realize the magnitude of possibility. You can use any entry model you prefer to trade, it doesn't matter if you use ICT concepts, smart money concepts, volume profile , eliot waves, braking the structure concept or whatever. There are so many possibilities for trading within this rule. Enjoy!
Pine Script™ indicator
45
Bitcoin Miner Sell PressureBitcoin miners are in pain and now (November 2022) selling more than they have in almost 5 years! Introducing: Bitcoin Miner Sell Pressure. A free, open-source indicator which tracks on-chain data to highlight when Bitcoin miners are selling more of their reserves than usual. The indicator tracks the ratio of on-chain miner Bitcoin outflows to miner Bitcoin reserves. - Higher = more selling than usual - Lower = less selling than usual - Red = extraordinary sell pressure Today , it's red. What can we see now ? Miners are not great at treasury management. They tend to sell most when they are losing money (like today). But there have been times when they sold well into high profit, such as into the 2017 $20K top and in early 2021 when Bitcoin breached $40K. Bitcoin Miner Sell Pressure identifies industry stress, excess and miner capitulation. Unsurprisingly, there is a high correlation with Bitcoin Production Cost; giving strong confluence to both. In some instances, BMSP spots capitulation before Hash Ribbons. Such as today!
Pine Script™ indicator
7

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How To Use RISK vs. REWARD RatiosHi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 For today's post, we're diving into the concept " risk reward ratio " by taking a look at practical examples and including other relevant scenarios of managing your risk. What is considered a good risk to reward ratio and where can you see it ? This applies to all markets, and during these volatile times it is an excellent idea to take a good look at your strategy and refine your risk management. Let's jump right in ! You've all noticed the really helpful " long setup " or " short setup " on TradingView chart ideas. This clearly identifies the area of profit (in green), the area for a stop-loss (in red) and your entry (the borderline). It also shows the percentage of your increases or decreases at the top and bottom. This is achieved by using the tool you can find in your toolbar on the left, 7th from the top. The first two options are Long Position and Short Position. It looks like this : 💭Something to remember; It is entirely up to you where you decided to take profit and where you decide to put your stop loss. The IDEAL anticipated targets are given, but the price may not necessarily reach these points. You have that entire zone to choose from and you can even have two or three take profits points in a position. Now, what is the Risk Reward Ratio expressed in the center as a number.number ? The risk to reward ration is exactly as the word says : The amount you risk for the amount you could potentially gain. NOTE that your risk is indefinite, but your gains are not guaranteed . The risk/reward ratio measures the difference between the entry point to a stop-loss and a sell or take-profit point. Comparing these two provides the ratio of profit to loss, or reward to risk. For example, if you're a gambler and you've played roulette, you know that the only way to win 10 chips is to risk 5 chips. Your risk here is expressed as 5:10 or 5.10 .You can spread these 5 chips out any way you like, but the goal of the risk is for a reward that is bigger than your initial investment. However, you could also lose your 5 and this will mean that you need to risk double as much in your next play to make up for your loss. Trading is no different, (except there is method to the madness other than sheer luck...) Most market strategists and speculators agree that the ideal risk/reward ratio for their investments should not be less than 1:3, or three units of expected return for every one unit of additional risk. Take a look at this example: Here, you're risking the same amount that you could potentially gain. The Risk Reward ratio is 1, assuming you follow the exact prices for entry, TP and SL. Can you see why this is not an ideal setup? If your risk/reward ratio is 1, it means you might as well not participate in the trade since your reward is the same as your risk. This is not an ideal trade setup. An ideal trade setup is a scenario where you can AT LEAST win 3x as much as what you are risking. For example: Note that here, my ratio is now the ideal 2.59 (rounded off to 2.6 and then simplified it becomes 1:3). If you're wondering how I got to 1:3, I just divided 2.6 by 2, giving me 1 and 3. Another way to express this visually: If you are setting up your own trade, you can decide at what point you feel comfortable to set your stop loss. For example, you may feel that if the price drops by more than 10%, that's where you'll exit and try another trade. Or, you could decide that you'll take the odds and set your stop loss so that it only triggers if the price drops by 15%. The latter will naturally mean you are trading at higher risk because your risk of losing is much more. Seasoned analysts agree that you shouldn't have a value smaller than 5% for your stop loss, because this type of price action occurs often during a day. For crypto, I would say 10% because we all know that crypto markets are much more volatile than stock markets and even more so than commodity markets like Gold and Silver, which are the most stable. Remember that your Risk/Reward ratio forms an important part of your trading strategy, which is only one of the steps in your risk management program. There are many more things to consider when thinking about risk management, but we'll dive into those in another post. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
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History of the American Dollar. Ups and Downs 1825-1906: US begins market operations to maintain the gold standard. 1924-1931: US engages in number of market operations, including buying foreign currencies, to maintain the gold standard. 1934-1961: US Treasury creates the Exchange Stabilization Fund (ESF), conducts frequent operations directly in foreign exchange markets. 1971: Nixon Administration ends USD convertibility to gold, which had become unsustainable due to the large supply of dollars outstanding relative to gold reserves. 1973: US conducts intervention against German mark. 1974: US conducts intervention against Japanese yen. 1976: The USD officially becomes: fiat currency. 1977-1979: Very easy monetary policy weakens the USD. US intervenes often to support USD. 1979: Fed announces change in its open market procedures to combat inflation and, partly, to support a weakening USD. 1980-1981: US intervenes to tame strengthened dollar. 1985: Major economies agree in the Plaza Accord to devalue the USD relative to the JPY and DEM. In the following weeks, US intervenes often, selling dollars for other G5 currencies. 1987: Major economies sign Louvre Accord to halt USD depreciation. In coordinated interventions, US intervenes often to buy USD. 1988 - 1990: US intervenes repeatedly after G7 statement on importance of maintaing exchange rate stability. 1990: USD appreciates on a backdrop of solid economic growth and dormant inflation. 1991-1992: US and European central banks intervene often against the backdrop of a US recession and weakening USD. 1993: US intervenes to buy dollars and sell yen. 1994: Fed unexpectedly starts rate hiking cycle on an improving economy following the recession. US intervenes repeatedly to support the USD. 1998: US intervenes to purchase yen in a coordinated intervention to support Japan's economy following the Asian financial crisis. 2000: Dot-com bubble bursts. leading to recession. 2000: Coordinated G7 FX intervention to support the Euro, initiated by the ECB. 2001: 9/11 attacks increase overall uncertainty. Fed lowers rates to prop up the economy. 2002: Japan intervenes, selling yen for dollars, often supported by the Fed and ECB. 2004-2006: Fed tightens policy to curb inflation. 2008: Global Financial Crisis ushers in an era of exceptionally easy monetary policy in the US, much of the developed world, and some EMs. Flight to safety strengthens the USD. 2010: Euro sovereign debt crisis unfolds. 2011: US. UK and European central banks sell yen in a coordinated intervention following a sharp rise In FX volatility as a result of an earthquake in Japan. 2011: Standard & Poor's downgrades US sovereign debt; flight to safety nevertheless boosts USD in the months that follow. 2014: USD begins to rally on the back of stronger growth relative to other major economies and divergence in DM monetary policy. 2015: Fed begins raising rates. 2015: China surprises global financial markets by devaluing the renminbi for three consecutive days. 2017-2018: USD depreciates on the back of convergence in global growth, President Trump's sentiments for a weaker Dollar, and strength in other major currencies, particularly the euro. 2018-2019: USD rallies on tax reform and Fed's continuing tightening cycle. 2020: COVID-19 spreads globally; recession begins. March 2022: Fed begins raising rates again. July 2022: Dollar reaches parity with the euro for the first time since 2002. Source: Federal Reserve Board, Congressional Research Service, Haver Analytics, various news sources, Goldman Sachs GIR. Regards, R.Linda!
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10 reasons most traders lose moneyHey everyone!👋 Trading & investing is not easy. If it were, everyone would be rich. Here’s a couple time-honored reasons that traders lose money, and some tips to help you get back to basics. Lack of knowledge 📘 Many traders jump into the market without a thorough understanding of how it works and what it takes to be successful. As a result, they make costly mistakes and quickly lose money. Poor risk management 🚨 Risk is an inherent part of trading, and it's important to manage it effectively in order to protect your capital and maximize your chances of success. However, many traders don't have a clear risk management strategy in place, and as a result, they are more vulnerable to outsized losses. Emotional decision-making 😞 It's easy to feel strong emotions while trading. However, making decisions based on emotions rather than rational analysis can be a recipe for disaster. Many traders make poor decisions when they are feeling overwhelmed, greedy, or fearful and this can lead to significant losses. Lack of discipline 🧘‍♂️ Successful trading requires discipline, but many traders struggle to stick to their plan. This can be especially challenging when the market is volatile or when a trader is going through a drawdown. Create a system for yourself that's easy to stay compliant with! Over-trading 📊 Many traders make the mistake of over-trading, which means they take on too many trades and don't allow their trades to play out properly. This leads to increased risk, higher brokerage costs, and a greater likelihood of making losses. Clearly articulating setups you like can help separate good opportunities from the chaff. Lack of a trading plan 📝 A trading plan provides a clear set of rules and guidelines to follow when taking trades. Without a plan, traders may make impulsive decisions, which can be dangerous and often lead to losses. Not keeping up with important data and information ⏰ The market and its common narratives are constantly evolving, and it's important for traders to stay up-to-date with the latest developments in order to make informed decisions. Not cutting losses quickly ✂️ No trader can avoid making losses completely, but the key is to minimize their impact on your account. One of the best ways to do this is to cut your losses quickly when a trade goes against you. However, many traders hold onto losing trades for too long, hoping that they will recover, and this can lead to larger than expected losses. Not maximizing winners 💸 Just as it's important to cut your losses quickly, it's also important to maximize your winners. Many traders fail to do this, either because they don’t have a plan in place, telling them when and how to exit a trade. As a result, they may leave money on the table and miss out on potential profits. Not Adapting 📚 Adapting to changing market conditions is paramount to success in the financial markets. Regimes change, trading edge disappears and reappears, and the systems underpinning everything are constantly in flux. One day a trading strategy is producing consistent profits, the next, it isn't. Traders need to adapt in order to make money over the long term, or they risk getting phased out of the market. Overall, the majority of traders make losses because they fail to prepare for the challenges of the market. By educating themselves, developing a solid trading plan, and planning out decisions beforehand, traders can improve their chances of success and avoid common pitfalls. We hope you enjoyed! Please feel free to write any additional tips or pieces of advice in the comments section below! See you all next week. 🙂 – Team TradingView
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Reflecting on 12 years of Trading - Do's and Dont'sHello traders, Feeling a bit emotional today while writing this piece of content. From my trading journal I kept updated for more than a decade... I want to share what differentiate a profitable trader from the crowd (losing money) In trading, you are guaranteed to lose your time and money if one: can't sit on his/her hands when there is nothing juicy to trade plan trades he/she never execute and execute trades he/she never planned let emotions from the last trade(s) affecting his/her next trade(s) can't understand markets can remain illogical longer than he/she can remain solvent end your trading day with his/her last trade... it must end when one has journalled them all and learned lessons bury his/her head in the sand instead of studying the mistakes made wants to forget previous mistakes... you have to remember them...writing them down on a post-it and having them staring at you whenever you take a trade. Great process to remind to not repeat the same mistakes. doesn't add onto winners because doesn't know how to identify strong momentum... instead take profit too early is confident when he/she should be fearful and vice-versa treats trading like an entertainment and not a job Feel free to read my numerous other educational FREE content from my profile page Thank for reading Dave
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🟦 William O'Neil Rule – WALL OF BLUEWhile this has pulled back recently - it reminds me of a lesson from the great trader William O'Neil and his lesson for the "WALL OF BLUE" 🟦 Not many know this rule, so hope you like it! Wall of blue rule states that when you have 4+ weeks of blue volume bars (blue volume bars = volume when the week close up, hence up weeks), then this is a buy signal of itself. In the case of $SMCI we also have above average volume - which is additional strength and confirmation. This is a signal that the stock is under heavy accumulation from institutions and hence why it made +83% advancement. Now it is pulling back and it is extended from any base - so I would not touch it here, but it is a good example to illustrate the rule
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Beginner's Guide To Moving AveragesMoving averages are without a doubt the most popular trading tools. Moving averages are great if you know how to use them but most traders, however, make some fatal mistakes when it comes to trading with moving averages. In this article, I show you what you need to know when it comes to choosing the type and the length of the perfect moving average and how to use moving averages when making trading decisions. What is the best moving average? EMA or SMA? In the beginning, all traders ask the same questions, whether they should use the EMA (exponential moving average) or the SMA (simple/smoothed moving average). The differences between the two are usually subtle, but the choice of the moving average can make a big impact on your trading. Here is what you need to know: The differences between EMA and SMA There is really only one difference when it comes to EMA vs. SMA and its speed. The EMA moves much faster and it changes its direction earlier than the SMA. The EMA gives more weight to the most recent price action which means that when the price changes direction, the EMA recognizes this sooner, while the SMA takes longer to turn when the price turns. Pros and cons – EMA vs SMA There is no better or worse when it comes to EMA vs. SMA. The pros of the EMA are also its cons – let me explain what this means: The EMA reacts faster when the price is changing direction, but this also means that the EMA is also more vulnerable when it comes to giving wrong signals too early. For example, when the price retraces lower during a rally, the EMA will start turning down immediately and it can signal a change in the direction way too early. The SMA moves much slower and it can keep you in trades longer when there are short-lived price movements and erratic behavior. But, of course, this also means that the SMA gets you in trades later than the EMA. What is the best period setting? When you are a short-term day trader, you need a fast-moving average that reacts to price changes immediately. That’s why it’s usually best for day traders to stick with EMAs. On the other hand, Swing traders have a very different approach and they typically trade on higher time frames (4H, Daily +) and also hold trades for longer periods of time. Thus, swing traders should first choose an SMA and also use higher period moving averages to avoid noise and premature signals. The best moving average periods for day-trading 9 or 10 periods: Very popular and extremely fast-moving. Often used as a directional filter (more later) 21 period: Medium-term and the most accurate moving average. Good when it comes to riding trends 50 period: Long-term moving average and best suited for identifying the longer-term direction The best periods for swing trading 20 / 21 periods: The 21 moving average is my preferred choice when it comes to short-term swing trading. During trends, price respects it so well and it also signals trend shifts. 50 period: The 50 moving average is the standard swing-trading moving average and is very popular. Most traders use it to ride trends because it’s the ideal compromise between too short and too long term. 100 period: There is something about round numbers that attract traders and that definitely holds true when it comes to the 100 moving average. It works very well for support and resistance – especially on the daily and/or weekly time frame. 200 / 250 period: The same holds true for the 200 moving average. The 250 period moving average is popular on the daily chart since it describes one year of the price action (one year has roughly 250 trading days) How to use moving averages Trend direction and filter you can use a fast EMA to stay on the right side of the market and filter out trades in the wrong direction. Just this one tip can already make a huge difference in your trading when you only start trading with the trend in the right direction. The Golden Cross and the Death Cross But even as swing traders, you can use moving averages as directional filters. The Golden and Death Cross is a signal that happens when the 200 and 50-period moving average cross and they are mainly used on the daily charts. In the chart below, I marked the Golden and Death cross entries. Basically, you would enter short when the 50 crosses the 200 and enter long when the 50 crosses above the 200 period moving average. the screenshot shows that during the last bitcoin cycle if you stuck to the moving averages you would have been profitable most of the time both in the long and short directions. Also please notice how when the market is moving sideways it's not favorable to use the moving averages. I will end this article here, I hope you now have a better understanding in moving averages and how to utilize them to follow the trend.
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SMC TrapHello traders - In this part, we will talk about the smart money trap. - There are a lot of traps for traders left by big boys in the markets to take your money. That's why it's important to be careful, and don't swim with fish but swim with sharks if you don't want to be eaten. - The move is designed to first take out early sellers, then take SMC traders. -We'll explain this example in a few steps: 1) We see that the price is in a downtrend, reacting from OB, and supply has full control in this situation. 2) We can all assume that the price will continue to be bearish. 3) Now you can see that the price is coming aggressively to the last OB, and before that, we had WBOS, and there was a trap made for SMC traders. 4) This is inducement, and we talked about it in one of the previous posts, you can go back to it for a more detailed explanation. 5) This OB is not valid for us, because we have seen a lot of liquidity that the price needs to pick up and an aggressive retest. 6) We waited for the price to pick up all the SMC entries, and then the price came to our safe entry, which is marked on the chart as a valid OB. If you liked this example, leave a like for more content like this.
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Trading Strategies for Capitalizing on the Volatility of OilAs financial market traders, we are always on the lookout for trading strategies that can help us capitalize on market trends and conditions. One such strategy is to take advantage of the volatility of oil prices. Oil is a valuable commodity that is subject to significant price fluctuations. There are several reasons why oil is volatile, including limited supply, high demand, geopolitical instability, and speculation. These factors can cause the price of oil to fluctuate rapidly and often unpredictably, which can create opportunities for traders who are able to anticipate and capitalize on changes in the price of oil. One way to take advantage of the volatility of oil prices is to use a trading strategy known as "contango trading." Contango trading involves buying oil futures contracts and holding them until they mature. When the price of oil is in contango (i.e. when the futures price is higher than the spot price), traders can profit by buying the futures contracts and holding them until they mature. This allows traders to take advantage of the difference between the spot price and the futures price, and can provide an attractive return on investment if the price of oil rises as expected. Another way to take advantage of the volatility of oil prices is to use a trading strategy known as "spread trading." Spread trading involves buying and selling oil futures contracts with different expiration dates. When the price of oil is volatile, the prices of different futures contracts can diverge, creating opportunities for traders to profit by buying and selling these contracts. For example, if a trader expects the price of oil to rise in the short term but fall in the long term, they may choose to buy a short-term futures contract and sell a long-term contract. If their prediction is correct, they could profit from the difference in the prices of the two contracts. Overall, the volatility of oil prices can create opportunities for traders who are able to anticipate and capitalize on changes in the price of oil. By using strategies such as contango trading and spread trading, traders can potentially profit from the volatility of oil prices and generate attractive returns on their investments. In Depth Contango Trading - This strategy is based on the expectation that the price of oil will rise over time, and it is used by traders who want to capitalize on this expected price increase. When the price of oil is in contango, it means that the futures price is higher than the spot price. For example, if the current spot price of oil is $50 per barrel, and the futures price for oil to be delivered in six months is $55 per barrel, then the price of oil is in contango. In this situation, traders who use contango trading would buy the futures contracts and hold them until they mature, hoping to profit from the expected increase in the price of oil. The profit from contango trading is the difference between the spot price and the futures price. In the example above, a trader who buys the futures contract at $55 per barrel and holds it until it matures would make a profit of $5 per barrel if the price of oil remains at $50 per barrel. If the price of oil increases above $55 per barrel, then the trader's profit would be even greater. Contango trading is a risky strategy, as it is based on the expectation that the price of oil will rise over time. If the price of oil does not rise as expected, or if it falls, then traders who use contango trading could suffer significant losses. Additionally, the volatility of oil prices means that it can be difficult to predict the direction of price changes, which can also create risks for traders who use this strategy.
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GBPUSD Partial Profit SecuredDear Investors This is an update to yesterday's setup on this pair Price broke above the neckline of the head and Shoulder Pattern before providing a valid confirmation on the retest. This Trade is currently active and I have secured Partial profit as usual because Price is above +1R What is the significance of Partial Profit? Like I explained in my previous post, Partial profit creates a scenario for a risk free environment, but that's not all. Partial profit is significant to the growth of your equity because it allows you to pay yourself first, which is the main purpose of every investment. Instead of hoping and wishing that Price continues to go in your direction, you can simply create a System for securing Partial profit. I close Partial profit above +1R, at +5R and at +10R and I follow thus system EVERY TIME WITHOUT EXCEPTION. The first Partial profit gives me the risk free buffer to hold on to the trade for longer periods once it is going my anticipated direction and if price hits my Partial profit threshold, I keep paying myself until Price reverses. Let's see what happens next, I'll keep you guys updated if price continues or if price reverses.
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5 Tips to Master Trading Tip 1 Don’t focus on monetary gains “Making money” is the result of you following your trading plan, not the other way around. - Tip 2 Don't take shortcuts. Trading is (1) highly rewarding but (2)extremely difficult. Most new traders fail to recognize the (2) second factor. - Tip 3 A healthy body is a healthy mind. Many traders neglect the power of living a healthy lifestyle. Having a sharp mind plays a huge role as a trader. - Tip 4 What is your expectation when trading? Any professional trader will tell you. Trading is mostly waiting for the proper setup. Staying “cash” is also a position. - Tip 5 Be part of a community Trading can be very lonely and depressing at times. Communicating with other new and experienced traders can help a lot in your trading journey. What do you think?
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ETH - HOLD ON to something, DISCOUNTS Incoming !Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 The markets are correcting lower after a brief increase predominantly following BTC up. By looking at higher timeframes, you can zoom out to see the bigger trend at play and cancel out the volatility and noise on the lower timeframes. The RSI and momentum show that the bears are still very much in control, and Ethereum faces a serious risk of a flash-crash or a slow bleed down to $650 - $800 support zone. This is according to technical indicators Phoenix Ascending and Bollinger Bands . We can confirm this from a trend analysis - there simply isn't a large enough demand zone on the next immediate support zone ($1000) since it has already been tested twice, weakening it. Therefore, the price of ETHUSDT would have to drop more to find sufficient demand - more demand than the supply zone. NOTE that this is not for the short term, but for the near term . Incase you missed it ! Here's the Bitcoin update using the same method; Phoenix Ascending with Bollinger Bands: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
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BTC 2.4% drop before bull run 12 8 2022If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. We are currently getting ready to test the $16,744 level. There is a high probability that we will bounce off this level and bull run up about 5%. *** Disclaimer: a second non-public chart layout was used to officially confirm this overbought point. Safe points to take profit: T1: 2.4% Baseline Information: The strategy used for this analysis takes into account the following factors: Timeframe: 3min and 5 min Symbols: BTCUSDT , ETHUSDT , BTCDOWN, and ETHDOWN Exchange: Binance Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP , moving averages, and Fib charts. Chart Count: 8 Disclaimer: The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
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1 2 3 Ready for FOMCHello everyone! A few more sleeps till FOMC and we get moving until then we have PPI in just a blink of an eye Recap We missed a trade on SPX,oups! So far it followed our plan but i don't think there will be any meaningful push. The only catalyst for breaking out the daily/weekly trendline is the Fed. I think Indices will suffer but not this year. It will probably be next year when we will have the next earning season. If most of the EPS come in negative i think thats when the market will come down aggressively. Usually these bear market rallies are very volatile and ranges expand quite far more than anticipated. I would say caution in investing into stocks. We might even get a sideways consolidation for many years to come with big swings. So for now we just trade the levels and sit back. Santa is coming so i think you should be good and be aware of your risk management otherwise no presents for you! Less is more! Have a great weekend!
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Bitcoin - Trading in a rising wedge with good structure Morning all, Full TA in the video as usual. Some notes: - Bitcoin trading in a larger rising wedge with great structure...WILL IT CONTINUE?. - SPX, NASDAQ, ES1 currently moving up after 5 days of losses however all need to test strong resistance again. - AREA OF VALUE - looking for a move from Bitcoin to the top of the pattern for a possible short opportunity or to the bottom of the pattern for a long opportunity. - If Bitcoin breaks higher then you could be looking at $19000 BTC but if Bitcoin puts in a lower high then a new pattern could be forming. (All in the video) - CAUTION - FED meeting around the corner. Expect a lot of volatility. Will the FED go 50BP's or 75BP's. Markets are pricing in 50BP's. 75 would be damaging. - Pre - markets are currently green suggesting a continuation upwards for the SPX, ES1 short term - Possible head and shoulders forming on the daily time frame for the SPX. ***Apologies - i ran out of time. Look at CME futures. Broken above resistance - will it hold?*** Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
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