BTC.D AnalysisBTC.D Analysis. :BTC:
**some notes that don't fit on the chart: **
bottoming before blow off top has taken longer this run. (end of bottoming was breach of 20ma)
- arrows and patterns drawn are a little edited as I don't think we will see the same % moves but similar areas of resistances/supports. 📈
- yes I do believe BTC.D will fall under 35% (All time bottom) as now there are more alts/stablecoins. :USDT: :ETH:
- as we can see from the chart, we get 2 weeks of alt catch up before the blow off top weeks. Catch some good ALTs just before. Ride the waves!🌊
- timelines will most likely change but this gives us a good idea as to the type of price action we will see. BTC up, alts catch up later. repeat 🎮
- top still feels like it should be release of the ETFs so will monitor for the announcement of that date. That will give us another idea of blow off top timeline ⏲️
Marketanalysis
TEZOS UP 20% WITHIN DAYSTezos has break a resistance of descending channel perfectly matching a handle in a cup and handle formation (only broken by the China crackdown news just to re-enter the channel). Already confirmed WAVES 1,2,3 of an 12345 ELLIOT WAVE with retracements and corrections matching the expected FIB levels.
A minor correction is expected ( WAVE 4) to be followed by the final ascending wave 5.. (100% fib)
OPEN POSITION @ 7.75
STOP LOSSES @ 6.85
TAKE PROFITE @ 9.00
We ve been tracking this coin a long time and it is one of the most promising coins out there due to technicalities and marketing.
This is not a financial advise, just my oppinion
EURJPYOn the EURJPY, 4H tf, there is an OB on the left where by the market just made a downfall. It may or may not hold, but will wait and see how the market will react to the OB.
I'm not a financial advisor, I'm just learning like everybody else. Take risk based on your own MM, as every strategy is not perfect.
If you have any other idea based on EURJPY trade, do drop a comment below. It's great to have a discussion on how market price moves.
AUDJPYAs a SMC trader/learner, I've spotted an OB for a short trade on AUDJPY, 4h tf. Lets see how the market will react to the OB, will be risking just 1% for this trade.
I'm not a financial advisor please take risk based on your own mm.
If you have any idea based on AUDJPY, do drop a comment and let's discuss it. Sharing ideas is a great way to broaden our way of seeing the market.
GBPJPYGBPJPY seems to have an OB on the left on the 4H tf, as a SMC learner/trader, I'll probably just risk 1% of my trading account as in this scenario its against the trend, won't risk much on this trade. Lets see how the market will react to the OB.
I'm not a financial advisor, please risk based on your own mm.
CADJPYAs a SMC trader(still learning), there might be an opportunity for CADJPY to fall in this week. There is a 1 H OB on the left and it had created an area of imbalance. Let's see if the market will drop this week on CadJpy. I'm not your financial advisor please take risk based on your own MM, I'm just sharing my analysis.
XRP plan for this altseasonI just want to share you my thoughts about XRP/BTC ratio. If you want to consider a lot importance XRP vs. Bitcoin. You wil need to know this information that a small group of crypto-enthusiastic know this secret. between XRP and Bitcoin.
So, I have 2 targets: 0.000051 BTC and 0.00009 BTC where I believe that XRP will reach it. Depending how much XRP do you hold?, it's important the future value in Bitcoin if you hold XRP.
For example: XRP worth now 0.000021 BTC
If you hold 3,000 XRP coins, and if you want to sell your XRP at 0.00009 BTC, your potential profit in Bitcoin it's 0.27 BTC, but all depend if XRP could to reach 0.00009 BTC. So, 0.27 BTC it's very good profit. And use can to make this Bitcoin to re-buy more XRP in the future.
For reference, you can to apply others analytical data like XRP Dominance if you want to know this other secret that I use personally.
Total Crypto Market CapThe total cap is also trading between the support and resistance. So far Total marketcap is holding the major support. This is key level for the market and if $1.7 trillion support broken then we see huge sell-off. Also BTC is holding $40,000 so far. Market will turn bullish after total marketcap hold above $2 trillion.
US Market Technicals Ahead (27 September – 1 October 2021)Expect markets to remain at last week’s levels of raised volatility for the final week of the third quarter with investors keeping an eye on fresh economic data for the US including the ISM Manufacturing PMI and PCE inflation. Fed Chair Powell will also testify on Coronavirus and CARES Act before the Senate and lawmakers will try to pass a funding plan to avoid a government shutdown on October 1st.
The Evergrande limbo is set to continue as markets expect an update on interest payment for a dollar-denominated bond and hope a default could be avoided. The 2-days ECB Forum on Central Banking will be keenly watched for more clues on the monetary policy outlook and traders will also pay attention to the outcome of the German federal election.
Here’s what you need to know to start your week.
EOSUSDT BULLISH SIGNAL UPDATE!!As you all know, EOS is not performing well from last 2 weeks and according to the Chart patterns, Ascending Channel is formed, Breakout formation is also nearly there and also indicators giving bullish signal.
MID-Term Trade, DYOR Before taking trade, as i'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
HOLD TIME 3-5 Weeks
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
BTC Minor Short trend is comingThe chart is self-explaining and I think the BTC Price would reach the 42K and 40K and then there comes the critical moment of whether the bulls would enter and carry the price up or just give up the market to the bears and let them push the price below 40K which makes me completely Bearish on BTC after we break the 40K. Just try to be careful and don't trade hastily.
The S&P Bullish trend is still ActiveHello everyone, as we all know the market action discounts everything :)
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The Bullish trend that started in November where the SPX index started moving up in an Ascending Channel is not stopping yet. The trend is still giving Bullish signals where we kept getting higher highs and higher lows.
The S&P 500 index booked fresh record closes on Thursday, despite falling from the session’s best levels, ahead of a highly anticipated August employment report on Friday.
The index price is still not showing any signs of weakness and most likely the Index movement for the next period of time will be like this :
If we look at the chart and where the market is right now we see that every time the SPX hit the upper end of the Ascending channel it always dropped into the middle range of the Channel, We probably won't see a big Bullish breakout in the Index right now, so the price most likely will be dropping this week a bit and it will be headed near the first support line at 4474.64 and if the Bears were able to gain more control then it could reach the second support at 4439.92 where the major Bull power will be and where the bounce back up will happen that would get the index above the resistance zone between 4528.74 - 4548.12.
Technical indicators are showing this :
The S&P 500 index is trending above the 5 10 20 50 100 and 200 MA and EMA ( Bullish Sign)
The MACD is above the 0 line showing that the market is in a Bullish state, With a positive crossover between The MACD line and The Signal line.
The STOCH indicator is in the overbought zone, With a positive crossover between %K (95.00) and %D (92.84). *The overbought zone indicates that the price might drop down.
The Ultimate Oscillator is at 79.95 sitting in the overbought zone. The overbought zone indicates that the price might drop down.
Support & Resistance points :
Support/Resistance
1) 4474.64 1) 4528.74
2) 4439.92 2) 4548.12
3) 4420.54 3) 4582.84
Fundamental point of view :
On Thursday, the S&P 500 rose to records on the back of better-than-expected jobless claims data. The initial filings for unemployment insurance fell to their lowest levels since March 2020.
The Labor Department reported first-time jobless claims totaled 340,000 for the week ended Aug. 28, compared with the 345,000 estimate.
The S&P 500 climbed 0.3%, hitting its 54th record closing high of 2021.
Investors are now looking ahead to August’s nonfarm payrolls report — released Friday morning — which could give clues about how fast the Federal Reserve will remove easy monetary policy. Economists polled by Dow Jones expect 720,000 jobs were added in the month, down from 943,000 jobs added in July. The unemployment rate is expected to dip to 5.2%, compared to 5.4% in July. According to CNBC Markets
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Bullish Stock TIRUMALCHEM looks good on the chart. With a RSI below 40, and a complete cup formation, the stock can reach upto the levels of 238-240 and give good returns in the short run. Also the stock has the potential to fly more in the long run. It could break the resistance of more than three years (around 240), and go above. The financials of the company is too good. With its peg ratio below 1, decreasing debt and borrowings, increasing sales and investments even in the middle of pandemic, the company gives close to nil red flags.
US Dollar DXY - Short Term Rise #DXY. #StockMarket #BTC The USD index DXY is going up today. This will bring near term headwinds to stocks and risk assets like cryto over the next few weeks. Weekly chart is showing the start of a new bull trend for the US Dollar. We are inside the price channel. But, I have good news for the bears. We have a W pattern in the price and are forming weak momentum on the daily. ( W pattern is bearish) So with this in mind the #dxy might rise in the near term but the rise in the US Dollar will be limited with a strong possible drop down again in the fall. Feels like a correcting in stocks might be near keep an eye on the DXY for a trend channel breakout to the upside. For now we go up but again it seems limited.
Gold had a nice swing to the upsdideIn this analysis of mine I notice that it had created a big win to the upside signaling that the bulls were coming into the market and then pulled back. I also notice that on the lower timeframes that an inverted head and shoulder pattern was forming especially when it broke the knee line and retested it, this gave me a signal to get in on the buy and ride it to the top. The market does two things- search and destroy and rebalances it self. If I’m not mistaken, it’s rebalancing itself. It may take a while to understand this concept, but from past data once a big drop or spike has happen, it has to do the opposite to balance for the un equilibrium that it created. Also, it did not break a LOWER HIGH,SO TAKE THE SUCKER UP AND RISK ACCORDING . This is my first publish chart, I hope y’all could learn from my analysis thank you.
Tesla Weekly analysis, Good time to buy ?Hello everyone, as we all know the market action discounts everything :)
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The Tesla stock is at 709.67 and last week was able to reach the first resistance line at 714.08 but couldn't close above it, The market price seems to be moving in a Triangle pattern and there is a big possibility for a breakout in the next period of time.
Both the short-term and long-term trends are positive. This is a very positive sign.
The major trend for Tesla seems to be Bullish and am seeing 2 different scenarios for the market movement in the next few weeks :
Scenario 1 :
The stock price will be able to breakout from the first resistance line at 714.08 and will be headed for the second resistance line at 740.95. if the Bulls were able to keep control of the trend then we could be seeing the TSLA stock reaching the 800 to 900 range.
Scenario 2 :
The stock price will drop and hit the support line 643.79 then a battle will happen between the bulls and the bears with the outcome most likely to be for the bulls and the price will bounce back up and start testing around the resistance lines again.
But if the bears were able to take control then we could be seeing the stock dropping to the range of the second support line at 600.37.
Different indicators showing that the market is bullish tho as we see :
1) The market price is trending above the 5 10 20 50 100 and 200 MA and EMA. (Bullish sign)
2) The MACD is at 13.19 showing that the market is in a Bullish state with a positive crossover happening between the MACD line and the Signal line.
3) Stoch is in a Bullish state with a positive crossover between %K and %D, %K reached the overbought zone.
Support & Resistance points :
support Resistance
1) 643.79 1) 714.08
2) 600.37 2) 740.95
3) 573.50 3) 784.37
Fundamental point of view :
TSLA has a Profit Margin of 5.14%. This is better than the industry average of 2.51%.
The Earnings Per Share has grown by an impressive 172.10% over the past year.
Piper Sandler keeps it pretty simple in reiterating an Overweight rating on Tesla (NASDAQ:TSLA) and calling it one of its favorites.
Piper points out that the Q2 margin beat was not "fishy" and thinks automotive gross margin for TSLA could top the mid-20s next year.
Tesla is higher in morning trading and is looking to record its fourth straight session of gains. The strong push today is being tied to good reads from Chinese automakers Nio, XPeng and Li Auto on demand. The round of reports on deliveries for July is more than offsetting concerns over Beijing regulation moves.
Looking ahead, Shanghai-based analyst Gao Shen thinks China EV start-ups XPeng and Li Auto pushing over the 10K monthly unit mark is a meaningful threshold to watch because after exceeding that level - a carmaker will be "viewed as a powerful player" in the automotive industry.
Last week, Tesla announced that the price of the standard range Model 3 after subsidy would be reduced about 6% or 15,000 yuan ($2,320) to 235,900 yuan.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
EUR/USD daily analysis the Bulls trying to gain control Hello everyone , as we all know the market action discounts everything :)
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The EUR/USD regains composure and retakes the upper hand near 1.1890. In the last few days the price has bounced back up from the range of 1.17540 to the range of 1.19038, Could this be the push back up the bring the price to the range of 1.2080 ?
Well we see that bulls are trying to gain control but for them to gain control a few things must happen first
scenario 1
The price currently is at 1.18522 it needs to reach the first resistance line at 1.19330 and a power test will happen between the bears and the bulls and whoever win will affect the price, if the bulls were to wins then we could be seeing the price pushing even more and hitting the second resistance line at 1.19950 but if the bears were able to keep control then the price will most likely drop down and it will be heading to the support area around 1.17860.
scenario 2
If the bears take control before any major movement happening then the price will drop to the support line at 1.17860, and that gonna be the Bulls second chance to gain control where a battle will happen between the bears and bulls and the outcome will determine the outcome for the price for the period of time, If the bulls gained control then a certain bounce up will happen pushing the price to the range of 1.19330 but if the bulls fail to gain control then a further drop in price will happen and the market price will most likely hit the 1.17010.
Now let's look at indicators and see what they are telling us :
1) The market price above the 5 10 20 MA and EMA (short term Bullish sign) and still below the 50 100 200 MA and EMA .
2) The MACD is still Bearish but a positive crossover happening between the MADC line and the signal line with increase in strengths in the histogram (short term Bullish sign)
3) The ADX at 30.75 showing that the market is trending with a positive crossover between DI+ (18.73) and DI- (15.11)
4) The STOCH reached overbought zone (possible bounce down)
Support & Resistance points :
support Resistance
1) 1.1786 1) 1.1933
2) 1.1701 2) 1.1995
3) 1.1639 3) 1.2080
Fundamental point of view :
This week a few fundamental news will effect The Market price on the euro side like the German Retail Sales, final Manufacturing PMIs (Monday) – Final Services PMIs, EMU Retail Sales (Wednesday). so we will need to wait for them and see how they will effect the market price .
The EUR/USD finally managed to surpass the key barrier at 1.19 the figure last Friday, although bulls remained unable to sustain the move. The healthy recovery in spot clearly followed the increasing weakness surrounding the dollar, which was in turn propped up by the steady stance at the Fed’s event in past days. In the meantime, dollar dynamics in response to the US economic recovery, the Fed’s dovish stance and prospects of high inflation are still expected to dictate the price action in the pair for the time being. On the euro side of the equation, the re-affirmed dovish stance from the ECB (as per its latest meeting) is expected to keep the upside limited in spot despite auspicious results from key fundamentals and the persistent high morale in the region. According to FXstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.