KAS confluence of Pennant & Golden Ratio Fib Extension targets?KASPA uptrend seems to be holding, though a breakdown to 9.2 cent level is still possible. Using the power of wild speculation, the 1.618 fib extension of recent moves and apparent pennant breakout both seem to imply a possible future key level in the 24-25 cent zone.
Fibonacci
Hang Seng Index: Pending Explosive Move UpIn this analysis, I talk about how I used Elliott Waves to count the moves of Hang Seng Index from Jan 2018 to 24th Nov 2023.
The main points to take note are these:
1. The corrective move down in 2023 is over.
2. We are still in a minor corrective move down.
3. But a wave 3 up is round the corner and that it will be an explosive one.
4. The risk is low for this bullish trade.
DXY & EUR/USD: Trade Plan Moving Forward The primary focus centers on DXY, which is currently approaching significant weekly Fibonacci retracement levels. My strategy involves watching the 4-hour chart, where I will be monitoring for signs of a potential bottom.
I will post the EURUSD chart as its own idea and it is linked here. Ignore anything else posted to my profile as those ideas were built on what is now an entirely different bias; they are part of the trading archive now.
This video and the EURUSD trade idea linked to it are the ONLY current and active charts. Send me a message to get the most current analysis and follow along for more!
KASPA 4hr Trend AnalysisKaspa remains bullish after breaking out to new highs this month but a potential head and shoulders could be forming on the 4hr. If current trend were to break and this scenario play out, the target has rough confluence with the 0.618 golden pocket and chart structure. That being said, the trend is still holding at time of posting and that fib level is below the key psychological level of 10 cents, which would likely be defended quite strongly.
DXY Update: Charting Potential MovesHey traders! 👋 Keeping an eye on DXY for potential trading opportunities. The chart is showing some interesting dynamics, and there might be moves on the horizon. Stay tuned for updates as we navigate the market together!
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Bitcoin Continues Consolidating With Maybe A Wick UpBitcoin trying reach the highs as its at 37.5 right now and its consolidating, we could see a higher wick or a pullback and then a wick to upside.Explained in details
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S&P 500 Preferred Short: Better Risk-RewardToday I want to discuss about the bull and bear cases for S&P and introduce the fractal concept
Bull case:
Cup with a handle
uptrend can be considered 1-2-3 wave and recent downmove as 4th wave
it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal
downtrend sub-wave 5 ended on uptrend wave 1
Bear case:
Fractal
retracement % is very close
both retracements reached peak of wave 2 of same degree
Preferred Elliott Wave Counts
Risk-reward is better on the short side now
speed of upmove
DXY Game Plan for Next WeekI made a series of favorable trades this week, albeit with a few setbacks, notably in the EUR/USD and USD/JPY pairs. Nevertheless, the week concluded on a positive note, driven by successful endeavors in capitalizing on bearish movements in the U.S. Dollar Index (DXY) over the past days. To seize potential opportunities, I strategically allocated a portion of this week's profits to a USD/JPY trade, anticipating a retracement in its trajectory.
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Gain insights into my Fibonacci approach.
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Bitcoin Might Retest The Highs One More Time.Bitcoin hit our target from our last video on a short squeez then came back down to retest the resistance of our descending broadening wedge as a support.With this successful retest we could see another retest at the highs
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AVAX EXPLOSIVE Growth Potential - DAPP BuilderPlease Excuse the audio, I have a version on my Youtube with far better audio, for some reason, my computer won't let me select my Microphone. You can find our youtube link in our trading view bio
With the recent announcement by JP Morgan's ONYX regarding their stake in AVAX I thought this would be the perfect time to cover this Incredible asset.
In short ONYX is predicting that subnets ( individual blockchains that have been specifically designed to suit the needs of institutions. That means extra consideration has been given to network privacy, gas, ETC) will be extremely valuable to institutions in the near future and are betting big, since this announcement we have already seen over a 20% increase in price, but how much more can we actually run?
From a Technical side, we are at a huge inflection point, In the past when we have crossed the $18 region we have seen explosive growth, anywhere from 200% - 700%. Although it is highly dependent on bitcoin / ETF approval/ overall market, If we can maintain above this zone its only a matter of time before we fly to our first targets / Resistance points
Outlined here are a few important zones to watch
Resistance Point 1 .382 level: $24.00 ( Just rejected off this 12 hours ago)
Target 1 : - $ 26.60
Target 2 (Midterm Major Resistance/Support Zone): $61.86
Strong Resistance Zone : $93.50
Target 3/ Breakout Resistance Zone: $112.75
FTMO Swing Trade #1 USDCAD Nov 15th 2023 Swing Report Card
Daily chart is bearish
2H chart is Bearish
30M Chart is bearish + V-shape + mitigation of the supply zone + trend change with the trade thesis
This is the execution of the trade and I will make a follow up video with the results of the trade with a full break down + lesson + improvements to be taken there after.
All the trades are taking with a prop account with 0.5% risk. So I have 40 trade ideas before the account is blown.
Bitcoin Dumped To Our Target.A Retest And Pump ?BTC hit our 4H target (double bottom) now its consolidating around 35.4. we could see another retest at the lows the go higher around 38K or just push it from here.
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Game Plan is in Motion! DXY Basket Trade PlanIt took all night but I think I finally have seen enough lol. Had a few LTF plays but now it's time to sit back and watch the HTFs play out as they put in some new levels. USDCAD is still active, USDCHF is on the menu, and I am paper trading Aussie with the news. Goodnight TV <3
sentiment shift video . ignore any post previous and updates will be out soon :D
UPDATE! LTF Sentiment Shift in DXYto start the week I was bullish LTFs and bearish HTFs however current price action is breaking through support. this could be a HTF top in DXY. USDCAD is the only active position . Disregard any other idea posted below this ( other than my fib tutorial )
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Track the progress of the 100k funded account.
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Bitcoin Hit Our Fib Level And Continues To ConsolidateBTC yesteday hit our fib level where we mentioned (0.618) and now its slowly pulling back up for more consolidation.possible retest points explained.
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BTC consolidation ends today according to the patternsBitcoin showing multiple sell signals shows its consolidation wants to end and maybe go to touch the lows.