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USDJPY | Perspective for the new week | follow-up detailsDespite missing out on the initial bearish move on Tuesday, we were still able to close the week on a profitable note with about 700 pips in total (see link below for reference purposes). The outcome from last week indicates that the U.S. dollar continues to plunge hereby handing back some of the previous session’s gains as participants attempt to gauge the Federal Reserve’s likely tightening path in the new year. And with BoJ's governor's speech coming up early in the new week, there might be fresh hopes for the US Dollar. In this video, we identified the 131.000 level as a critical point that has a memory for buying power. So, in the new week, we shall be using this zone as a yardstick for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
Daily Bitcoin Update - in-depth analysis of current moveEvening all, Full TA in the video as usual. Some notes: Remember to hit the BOOST - Bitcoin hit the measured move on the breakdown of the rising wedge circa 16236. - Bitcoin then formed an inverse head and shoulders and formed the head and right shoulder - Measured move from the IH&S IMO 17299...however - Strong resistance at 16910. Bitcoin has to break and hold this long term resistance to have a chance to reach 17299. - Should it break the level we have strong SMA resistance on numerous time frames, and fib resistance at 17091. Strong area of confluence and not going to be easy to break down. - Should we manage this and move up to circa 17299 in my opinion this is where to take profits. - Very strong probability after printing a lower low that Bitcoin will print a lower high thus confirming a new downtrend. - Remember the weekly candle close looked extremely bearish but a relief rally was expected. - Market moving news comes out on Thursday with the Initial Jobless claims data and then on Friday we have the PCE price index data. If the data is unexpected we could see a more Hawkish FED in 2023 and markets will price this in accordingly. - From a support point of view - Bitcoin must hold fib .236 (16788), should it lose this then we might see more downside. - In a bull market this sort of pattern would play out beautifully but there is so much to consider at the moment in the bear market that any LONG TRADE is HIGH RISK! I will add another update post market open at 2.30pm tomorrow. Thanks for taking the time to watch the video. Be patient and stick to your strategy! Please hit the boost button if you like this update. Back tomorrow. Thanks SIMON BPOI
BITSTAMP:BTCUSDShort
by CJ_CHART_JUNKIE
8
BTCUSDT is testing the 0.618 Fibonacci level inside a wedge The price is testing a crucial level on the daily and 4h timeframe inside a rising wedge How to approach it? IF the price is going to have a breakout from the rising wedge and support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
8
HOW-TO : Auto Chart Patterns UltimateHello All, I have made this video which covers briefly on following points for Auto-Chart-Patterns-Ultimate-Trendoscope 1. Indicator components 2. Detailed settings 3. Few key features 4. Info about trading different patterns included I could not cover alerts in the video due to time constraints. But, alerts is same as that of HOW-TO-Customize-Alerts-in-Auto-Harmonic-Scripts Let me know if you have any question. For trial access and subscription please look at the script page - 'Author's Instructions' section.
TVC:RUTEducation
by Trendoscope
11