The US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US...
Going Over BTC QQQ NVDA SMCI TSLA ORCL NVAX AMC GME longer term. reviewing Price action and spending a bit more time in depth. looking for clues and levels where we should have been engaged and how to trade them better next time. Pain + Reflection = Wisdom. Pain + Reflection = Wisdom. CPI today remember we are Risk Managers #1 Priority.
We all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term.
Volume retreated with...
BTC1! on Daily - Bull Flag
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
Are you a Bitcoin futures trader?
If you are, I am sure you will agree with what you are about to read:
👉 Bitcoin is set to crash next week.
Looking at this chart, we have:
➖ First, a top pattern in the form of a cap.
➖ Then, both the ATH and proceeding lower high sessions closed red; both below EMA10.
➖ We have two weeks of trading below EMA10; bearish bias...
As we closely monitor the current trajectory of Bitcoin, it's evident that its strength is diminishing, prompting a thoughtful examination of our strategic options. In navigating this landscape, it's imperative to remain agile and responsive to market dynamics.
Should we witness a loss of the 65475 mark within the span of this week, the scenario of adopting short...
CRYPTOCAP:BTC is in an obvious downtrend.
THE QUESTION is, "when will it reverse course"?
#BTC will most likely change course before the end of one of the phase that we posted.
#Bitcoin Phase 1 is a total of 3 months. Phase 2 is a total of 6 months.
Purple vertical lines.
We already hit oversold a few days ago.
IF we retest the lower range we want an RSI...
CME: Micro BTC Futures ( CME:MBT1! )
Federal Reserve monetary policy is the dominant market mover across asset classes. Financial markets around the world rise and fall by any hint of the next policy move.
Last Friday, US stocks jumped after a weak April jobs report boosted hopes that the Fed could start cutting interest rates soon. The Dow Jones Industrial...
Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart.
Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq
17 06 2023
I have applied the cup percentages as well as the cup with handle if formation occurs (high...
CRYPTOCAP:BTC on the daily is creating a white swan pattern.The pattern completes around 42k zone.
For confluence the BTC chart is also creating a NAVARRO 200(1)harmonic pattern that completes around the same zone
To point out there is also a strong support zone around 53k-51k area where BTC might bounce up before continuing with the down trend.
Pump for Bitcoin Spot ETF and Havling in Fall 2023.
Top around March/April 2024.
Failed Halving Pump.
Bad economic climate in 2024.
Liquidity Event.
Recession in Fall 2024.
Crash to sub 10K.
Bottom sometime in Fall 2025.
I had shared my target for BTC’s target CME:BTC1! in the long term. Now, what do I expect after reaching that target? As you can see, I lean towards the idea that BTC will enter a bear market after reaching 100k, so I'm not expecting 140k. However, it could happen if you use a logarithmic chart. This is a non-logarithmic chart. After reaching the PO3 target, the...
5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict...
➖ This is now a high probability trade-setup.
➖ The bearish potential is very strong.
➖ The down-move has a high probability to happen next.
This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change.
We have three days red; first time since January.
We are about to enter...
