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MARKETFollowing last week's analysis of 4 important indices in the markets, as we can see in the daily chart of these indices, in the last two days of the last week, gold, which had lost its support, is pulling back to it, but the American stock indices have their key daily supports with The members of the Federal Reserve paid attention to the contractionary talks, and most interestingly, Bitcoin did not have a strong seller, and apparently, risk aversion in crypto is less than that of reliable assets such as gold and stocks, which is probably the reason for the decentralized nature of this asset compared to others. . However, the reopening of the markets in this trading week is very vital and it should be seen that Bitcoin and consequently the crypto market can be supported against other assets or it will lose daily support following them and in order to confirm the weekly analysis. And monthly, which has not yet received a return signal, will continue to fall to the lower areas.
COINBASE:BTCUSD
by MrHunterTradeInsight
Total Double BottomThe total market cap has double bottomed on the daily reflecting a possible change in long term trend. Currently the index is within a falling wedge and will probably breakout upward. The RSI paints heavy bullish divergence and is uptrending. Upward break of falling wedge will raise the market cap to 1.05 trillion. Arrows indicate possible target if bull trend is maintained. A real double bottom will bring the index to 2 trillion, the same level as the start of April. The price of BTC at the start of April was 48.5k.
CRYPTOCAP:TOTALLong
by nagihatoum
S&P Monthly Chart Breakdown 🐻The S&P 500 index has seen a decline of over 20% now officially stating a Bear-Market over the widely followed indices. Today we are diving specifically in to the Monthly Chart for some Technicals Breakdown on the S&P 500 ETF (SPY) The Monthly Momentum in this case we're using TTM_Squeeze (similar to MACD etc.) is signaling a flip to bearish momentum on the Monthly Time Frame. This is signifying possibly a big move down in the coming months, to continue the trend of the Bearish Momentum. Last time we saw a real momentum switch with the TTM_SQUEEZE on the MONTHLY Chart was back in the 2008 Financial Crisis. Both scenarios are different in fundamentals, but even Technicals... SO I will not dive in to comparing the two much, as we were not as overbought then as we are now, and we have sold off already more now compared to when the monthly momentum switched then. Nonetheless, this is not a good sign in the mid-long term of the Stock Market. Technicals are showing months of decline, though this could include some dead-cat bounces, and bear-market relief rallies, we are starting to see a shift down in the markets. Bond Yields Rising, Dollar Soaring, Interest Rates Rising, Home Prices Dropping, and Inflation still on the move... Currently there is not much to look forward to on this current Economy until it sorts out of course. The bottom may be sooner than many think, or later. This idea was just to put this monthly timeframe in mind for your investing. Thesis : Market may suffer for few more months to come, but nothing is sure and fundamentals could switch sharply & swiftly with lower CPI numbers, and a more Dovish Fed. This may take a while, or not... Averaging in on investments in a Bear Market is never a bad idea in my opinion.
AMEX:SPY
by ZachSap
📌 BITCOIN - Make or Break! Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck inside a range in the shape of a symmetrical triangle (in red) Bitcoin has to make a decision soon! Especially with US500 also sitting around a support zone. 📌 Bullish Scenario: (Right Chart) For the bulls to take over, we need a break above the symmetrical triangle AND the 20k level upward. 📌 Bearish Scenario: (Left Chart) For the bears to remain in control, we need a break below the symmetrical triangle AND the 18k level downward. 🥇 * As you noticed, a break below or above the symmetrical triangle would only be an early alert to prepare for the real break. and might result in a fake breakout. So for extra confirmation, I am waiting for a break above 20k or below 18k 🥈 ** By break, I mean a Momentum Daily Candle Close. 🥉 *** I know many of you would criticize my analysis: " oh it can either go up or down " right but you forgot the "IF" statement. As a conservative trader, that's my style, and it is working for me. I don't predict, I react. It can go up or down, but I am only in looking for longs above 20k and shorts below 18k. for now, I wait :) As traders, we only take action 10% of the time. the other 90% would be waiting and waiting. 1- wait for the asset to approach a certain rejection zone 2- then wait for a setup to form 3- then wait for the break / trigger 4- then wait for the result Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
34
Just freedom do matter right now, but EURUSD is consolidating! I apologize to all who were expecting just a financial analysis. EURUSD may consolidate between two zones, LONG positions is suggested over the red zone and SHORT ones under the green zone. Taking advantage of ranging markets is possible in LTF. Internet is not reliable in Iran, I'm not sure if I even post in near future again. Also, I can't be in office and checking markets while my compatriots are being killed on streets! If your news sources telling you this is a protest against "morality police", they are right but they are not telling you all the story. This is even more than a revolution, This is a war for women rights, basic human rights, freedom and democracy. one another point. 3 years ago, IRGC and other criminals in uniform killed at least 1500 Iranian who were just defending their basic rights with bare hands. Every day the world forgets more than yesterday what goes us through our peaceful protests. This is a war against a dangerous dictator who support terrorism. World recognized neither ISIS nor the Taliban but the IR president who have ordered execution of thousands in his 20s, did give a speech in UN! He is not our president. DO some thing for IRAN.
by AliSignals
6
U.S. markets up from here? Percent of stocks >200ma is rising.The vertical lines match $SPX lows with times when only 15-20% of stocks traded over their 200ma. The light blue line is a 10-week moving average and you can see that once it turns up it keeps rising (2008-09 was an exception). According to this broad market indicator, stocks have been performing better since early July. This is a big picture view, not to be used for short term trading. This index is a useful way to evaluate overall market condition, especially for active investing decisions. Considering this index is closer to 20 than to 50, it is possible that even if stocks are broadly sold again, there will soon enough be a substantial rise in stock prices. The exception to all of this - if "this time is different" is true. If all the Covid-induced money printing has damaged the system so much that worse extremes will be needed to make amends, then the usual historical patterns may all go out the window.
INDEX:MMTH
by OptionsRising
4
Weekend Learning: Recognizing the Market CycleOne of the biggest problems that I faced at the beginning of my trading journey was recognizing the market cycle. I have seen people who have spent a lot of time and effort learning candlestick patterns, but know that without understanding the market cycle, even the best patterns will fail. The graph above can help you to first find the market cycle and then look for different patterns to trade. Every chart has only and only 1of this 4 patterns: 1.Breakout 2.Tight Channel 3.Broad Channel 4.Trading Range 1.Breakout: Has no pullbacks or just 1 small pullback. Only buy or sell in direction of breakout. Stop is far so risk is high, trade with smaller position size. Better to get swings but scalp is ok. Don't trade against the breakouts. Example: 2. Tight Channel: It's breakout on higher timeframe. Most pullbacks last 1-3 bars. Stop is wide like breakout. Trade only with trend. Example: 3. Broad Channels: Trade mostly in direction of channel, other side can scalp. Have strong opposite side legs but stays above/below prior low/high. Buy/Sell at 2/3rd of prior leg. Example: 4. Trading Range: Bulls and Bears scalp. Bulls buy low and bears sell high. Example: I am a price action trader and all my knowledge and the mentioned material is from Brooks Trading Course.
Education
by AmirSoraya
2
Potential Right HereHi everyone, In my last post, I talked about the way BTCUSDT will pull back in an aggressive manner, which it did (link down below). Right now, we are resting on previous short-term highs which I explained in my last post too that we might be in a potential buy area. However, looking at how price treats this level, I think we might see some new lows after a short-term pullback to the upside. First, we crossed the 0.618 Fib level, and we almost touched the 0.786 level, which is touched when the trend is weakening. Second, the price is consolidating at this level which usually means a breakout to the downside. The only factor that shows a small short-term upward momentum is the structure of the price where it took the liquidity below the last low formed. In conclusion, I think we might be forming a sort of pattern or consolidation on a higher time frame because, as I said in my last posts, the higher time frame shows some strong bullish factors like the shift in market structure. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
2
AUDCAD DESCENDING TRIANGLE BREAKOUTPair: AUDCAD Timeframe: 1H , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long ————— Level needed: need a close by 0.89635 ————— Trade: Long RISK:REWARD 1:9 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom