afurs1

afurs1 Updated 

Etheruem is looking extremely weak at the moment, we have just broken a ercent swing low and looking downwards towards the previous range. I have a few levels below that give me confluence to believe that ETH will drop as well as many altcoins unless we absoultely find a bounce and soon. Below you can find the Previous Range point of control marked in Blue....

afurs1 Updated 

The dollar has been on a tear the last little bit, but it might be running out of steam. Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation. Bigger picture the dollar is on a downtrend from the last few months. It has been...

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SPY and Markets potentially reacting to FED futures pricing in a pause for the current rate hike cycle. SPY pushing towards the upper bounds of the chart, I think we might see some squeeze action before coming right back down. Be on the lookout for potential cracks in the economy that may force the FED to change their plan. We might still see lower prices...

afurs1 Updated 

The Dollar (DXY) index can give us an idea where major markets may move in comparison to the strength of USD. I am seeing a compression formation in the form of a wedge which may be classified as a reversal pattern. We are approaching the 200 EMA which will likely be strong resistance. The dollar found strong support at the monthly liquidity level with an...

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MARA found a bottom of $3 before bouncing to $20 within a few months. I have a suspicion that we may still be in the impulse wave of this new move from the bottom, currently moving into its last phase before a corrective wave. According to Elliot Wave theory the second phase of the move cannot be the shortest (from 2 to 3) , as such it gives me an idea that we...

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TLT has been a popular short trade as the Fed has committed to raising rates throughout 2022-2023 and causing pain in markets. Today, we are starting to approach some extremely critical support zones towards the 2008 recession price point. I have been considering 2 buy in zones at $88 and potentially a capitulation to $82 (if it even gets that low). We are...

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BTC is consolidating and forming a wedge after a sharp move down. I am looking for this apex to give us a direction on the trade but I am also aware of a fakeout as BTC tends to grab liquidity before moving in the opposite direction. Currently we have some liquidity and support at the 26,350 level which has not been retested. I would not be surprised if we come...

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Small trade idea for the upcoming ETF release coming up tomorrow. BTC has been extremely volatile the last few days swinging from the highs to lows of the range. That being said, we may see a second wave push to truly take out the previous high and create a swing failure trade, that can bring us back down to the range low where liquidity sits just below the...

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Bitcoin has been showing us some real fundamental strength on the charts, consistently coming forward with strong buyer demand on pullbacks preventing the trend from flipping bearish. I currently have a bullish bias and would like to see bitcoin rise to $39-$40k in the coming days/weeks. Technicals are showing us some further room to move upwards on the RSI....

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Coinbase has been in a long time accumulation range between approx $50 - $110. I have marked some of my levels for the longer time frame if the stock / BTC performs well. One thing to note, if we take a look at the fixed range volume profile, you will notice the majority of the volume is being traded below the current price of $82. The range point of control...

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I don't normally trade the US30, but I would like to start exploring this indices and the large moves it tends to make. I have marked out my major levels as my monthly support and resistance. Currently we are approaching resistance of this downward sloping trend line, but if we break through there could be some room to run higher based on the technicals of this...

afurs1 Updated 

September is historically a negative month for the stock market according to previous price action over several decades. However, we are in a pre-election year and have been receiving somewhat good news in regard to economy cooling. That being said, we will be receiving new information on Sept 13 on the CPI and YOY inflation readings for August. The DXY is...

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This formation is providing us with some potential information on what direction the markets may be trending in. The SQQQ ETF tracks the performance of the Nasdaq and is currently printing a bearish wedge pattern after a huge move to the downside. It leads me to believe that the government shut down, similar to the last shutdown may actually be a bullish...

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Despite losing the upwards trend line, the longer term overall trend for Bitcoin on the Daily is still in a technical uptrend. I do think there may be some overly bearish sentiment in the market now as we are moving into large support structure on both the ES and BTC. The DXY has been on an absolute tear recently, but on the rare occasion bitcoin, has been...

afurs1 Updated 

Bitcoin is showing some strength today as it breaks out of some strong downward resistance, however it may not be very long lasting. On the longer weekly time frame, I think we are seeing a quite obvious rising wedge after a large move from the all time high. I don't quite believe the bottom for the market is in just yet, so I am open to the idea of a short...

afurs1 Updated 

BTC Is in a some consolidation right now forming a parallel channel. Weve tried to break out above the high but it seems like we need a bit more juice to push us up higher. Right now the RSI is very oversold on the daily, and we have some liquidity below that would be nice to grab. Ideally what I would want to see is a swing low, grab some rocket juice, and...

afurs1

Gold is showing us increasing signs of safe haven buying as we near what may be the end of this historical rate hiking cycle. I don't need many words to explain why this may be a watchlist trade, but I am bullish on GOLD! Next Target approx $2070

afurs1 Updated 

FED FOMC is generally a catalyst for some volatility in the markets. It is clear that there is still quite a bit on uncertainty in the market, but it is becoming more clear that we are likely approaching the end of the hiking cycle. The latest DOT plot reveals that the FED fund rate for 2024 will increase from 4.6 - 5.1% which is signalling no real major rate...