Sideways
BTC forming a PURRfect structure!BTC following the sleepy KATATA Cloud (created by WhoIsWu).
Expecting 2022 to be generally a Downtrend year, a few factors contributing to this:
Institutions
Geopolitical uncertainties
Supply Chain woes
Work from home trend
Inflation (fiat)
...and a million other reasons.
I've covered a few targets in my previous ideas, like BTC heading to 33K and then some, targets are still valid.
33K to 30K is a strong Support channel.
There's a lot of talk from governments launching/testing CBDC (Central Bank Digital Currency) this year. I'm not sure what that means for BTC, but fingers crossed, we'll see 12.5K.
I'll give you a moment to process that.
Institutions plan for long term, that includes the institutional Short sellers. A brutal selloff is very possible, BTC has done that a few times.
I trade shorter timeframes, 4H, 1H and 15M. But I always set trend on a 21H chart, and favor going Short.
Whatever the future holds, a few rules I never break:
#1 Setup on Multiple Timeframes
#2 Always set Stop loss and Trailing-Stop
#3 Never Leverage over X3
#4 While in trade, I'm glued to the screen
#5 Don't chase
❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️
Have a Laugh!
Not trading/investment advice
BINANCE:BTCPERP
COINBASE:BTCUSD
BYBIT:BTCUSDT
FTX:BTCUSD
BINANCE:BTCUSDT
OKEX:BTCUSDT
OKEX:BTCUSDTPERP
TWITTER: Musk announced permanent bansElon Musk said yesterday that Twitter users who have created fictitious profiles impersonating other users without labeling them as “parodies” will be permanently banned from the said social networking platform without warning.
In a separate post on Twitter, Musk said that in the past, the platform would issue a warning before suspending a profile, but as Twitter evolves a broad user verification process, there will be no such warning. Also, there will be no “exceptions”. This will be a condition for signing up for Twitter Blue, adding that any name change would cause the user to lose their identity verification token. They will not be allowed back on Twitter until the said social networking platform has “a clear process for doing so”.
Organizing such a process will take at least a few weeks, clarifying the timing of the possible return of Twitter’s most famous user, former President Donald Trump, who has been banned. The new timeline suggests Trump won’t be back before midterm congressional elections on November 08.
Twitter had a huge drop in revenue due to activist groups pressuring advertisers, even though nothing changed in terms of content moderation and everything was done to appease activists.
Musk’s fortune has shrunk by about 35%, to $209.4 billion since its peak on Nov. 4, 2021, from $320.3 billion, and the almost-sole reason for this decline is the decline in Tesla stock. Over the past year, Musk has sold $31 billion worth of Tesla stock to finance his takeover of Twitter and take it private. Since the deal has not been finalized, Forbes calculates the value of the cash (minus taxes) earned from these sales at their net worth. But the row over the Musk-Twitter deal has alienated investors, who believe Musk will pay an exorbitant amount to acquire the social networking platform and that he is recklessly selling Tesla stock to finance the deal.
From Elliott wave perspective, on the weekly chart we see Twitter trading in big bullish sideways running triangle pattern that can take some time before we will see a bullish break-out, as final wave E can be still missing. On a daily chart we are tracking a three-wave (A)-(B)-(C) rally within wave D that can find the resistance around 60 level and from where we should be aware of another slow down within wave E that can retest 40-30 support zone before it takes-off.
XAUUSDHi traders,
I remain bearish on gold.
But I 've just spotted this potential moves.
Either the prices, will break the support levels and in confluence with the bearish trend line will follow the predominant trend aiming lower, or
it will find support at the 50 MA - and will break the trendline + the resistance zone of the importan 166x area heading to 1680 which I consider as supply zone.
This will mean a possible reversal 'cause it will break the consoldiation of these days, and will break structureof equal highs.
A Nice idea for how economy moves is the video on the link below:
www.youtube.com
My Journey for USDCHF [SELL]Helloo....My Dragon Friends.
i see Still HOLD at the resistance dan have another clue (Rising Wedge and Bearish Divergence).
Big Trend Still Sideways.
Sell USDCHF at 1.0000-1.0090
SL at 1.0100 (risk 100 pips)
TP1 at 0.9750 (Reward 250 pips)
TP2 at 0.9700 (Reward 300 pips)
TP3 at 0.9625 (Reward 375 pips)
Lets See
Happy Trading
Happy Hunting Profit
Watch Ur Money Management and Risk Management
Disclaimer On
Nasdaq Weekly Forecast Analysis 3-7 Oct 2022 Nasdaq Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 4.84% for this week, decrising from the 5.06% from the last week.
Currently there is around 23.6% that the asset is going to close either above or below the channel:
TOP 11600
BOT 10470
The current volatility percentile is around 89th, placing us in a very risking and volatility week.
And in this situations in general the market moves:
AVG weekly bull candle = 2.38%
AVG weekly bear candle = 2.692%
With this mind, from the opening price it would situate us around
TOP 11300
BOT 10500
At the same time, due to the nature of the opening price, making this weekly candle a bearish candle, there is currently a
36% that we will break the ath of previous weekly candle of 11600.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 60.61% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Monday 3 October : ISM PMI
- Tuesday 4 October : JOLT Job
- Wednesday 5 October : ADP and ISM release
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
SP500 Weekly Forecast Analysis 3-7 Oct 2022 SP500 Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 4.38% for this week, decrising from the 4.58% from the last week.
Currently there is around 24.3% that the asset is going to close either above or below the channel:
TOP 3757
BOT 3430
The current volatility percentile is around 89th, placing us in a very risking and volatility week.
And in this situations in general the market moves:
AVG weekly bull candle = 2.5%
AVG weekly bear candle = 2.76%
With this mind, from the opening price it would situate us around
TOP 3684
BOT 3492
At the same time, due to the nature of the opening price, making this weekly candle a bullish candle, there is currently a
38% that we will break the ath of previous weekly candle of 3750 and there is a 66% that we will touch the low of previous candle
which is 3570.
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 66.6%% agreement that the market is in a short trend ( the current price is below those moving averages)
At the same time if we are looking at the candle type since the beginning of the year, we can see that 59% of them were bearish, solidificating the bearish trend.
News that can affect the price of this asset this week:
- Monday 3 October : ISM PMI
- Tuesday 4 October : JOLT Job
- Wednesday 5 October : ADP and ISM release
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls
IOC's SWING IS TRAVELLING FROM SIDEWAYS BOTTOM TO SIDEWAYS TOPINDIAN OIL CORPORATION is a good stock to buy if we can hold it for 3 to 6 months. We can maintain the targets from Target-1 to Sideways Top, it is better to keep the stop-loss below sideways bottom, trail stop loss when the market moves upwards.
LUNC bullish for the next few days?LUNC's monetum and price structure indicates a potential bullish wave in a large sideways trend.
USDJPY 1h Correction to the sideway tunnel | +300 Pip TargetUSDJPY
Timeframe: 1 hour
Short Day Trading Position
Take Profit @ 143.633
SL: 144.203 (continue the bullish trend)
The pair was in a sideway tunnel for a week, and broke the tunnel up yesterday. But because of the long wick few candles before, it is more likely to go back down for a correction to the last tunnel support that has broke it up recently, which is our target.
I would be grateful to get your feedback for this idea if you have any opinion to share
✽
Esteem your Analysis and seek improvements ⌁
↝✔
@AbdullahTech ♾
TOTAL2 vs BTC.D - Signs Of Potential Alt Season To Come When you compare Total Altcoin market cap (Crypto market cap excluding BTC) side by side, you can see that when BTC dominance (BTC.D) falls is usually when alt season happens. When BTC.D goes sideways, altcoins tent to do the same or even consolidate for a while, like we've seen for the last year or so.
An a chart altseasn is marked in green, consolidation/sideways movement in yellow and in blue is when crypto winter comes.
After BTC topped in Dec. 2017, BTC dominance continued to fall as BTC went into a retracement. Altcoins continued to rally into this moment. After that The whole market crashed and BTC dominance rose significant. This is a typical sign of bear market. This time is a bit different. After BTC made first ATH in 2021 and had its first major selloff, BTC dominance started to go sideways while altcoin market cap (TOTAL2) capitulated. BTC dominance than actually continued to go sideways even after whole marked crashed which does show a sign that the bull market, at least for the altcoins is not over. If it would be over, BTC dominance would have to be rising right now a lot, but it doesn't. Instead it is looking like it will continue to crash, which is a very good sign for altcoins. Remember that time is irrelevant here as no one knows for how long and when things will play out.
I am very positive that it will come while BTC will slowly be rising into a retracement.
DISCLAMER:
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
Bitcoin on breakout watch prepping next directional move 9 days in a row coiling sideways and tight puts Bitcoin on short-term breakout watch for some volatility expansion.
In the coming days I'll be looking for a definitive breakdown of this range below 19,500 in the direction of the primary trend, or a counter-trend breakout over 20,500 to see if bulls can reverse the bleeding.
EUR/USD Is Moving Sideways!• After failing to hit the 0.9900 lower low, the EUR/USD spiked higher. It has encountered resistance after climbing as high as 1.0018.
• False breakouts through the downtrend line could bring new short opportunities. The immediate downside barrier is 0.9900. After the US data dump, EUR/USD may experience abrupt movements in either direction.
• "Keep it Simple", Good Luck!
Break with no volumeI expect the price to retrace to at least $1450 again before take off. Although when we reach $1450 we could see a continuation of a drop in price. If we break $1620 we could see a surge in volume and the price sky rocket up. But for now we know the price hasn’t been able to break $1620 yet, it is moving sideways and if it inches above that price we will keep an eye on the move upwards, until then just hold onto your cash unless your trying to scalp.
Remember year 2018 May-June and take a lesson from it, the merge may make the market react different but patterns have a tendency to repeat themselves
Nothing changes on EURUSD We're still expecting the next move on EURUSD.
The sideways trading is still on and we can actually see price now creating lower highs and higher lows.
We won't enter before we have a clear direction.
There is still a higher chance to see price breaking below the support.
The earlies entry could be made on rejection of the resistance, so watch out for that.
U - breakout soon?After hitting the low on 11 May, U traded in a sideway range between 32-48 for almost 3 months now, forming a possible base. The higher volume during this period suggest there could be some accumulation going on.
However with earnings expected out tomorrow, there is a always risk of a nasty surprise.
Hence to be conservative, wait for results to be out.
Should the stock rise after earnings, buy near the break or wait for the first pullback.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!