Thursday
GBPNZD SHORTS MOREGBPNZD have been bearish for a while and I am looking forward to continue with the trend. I expect a third touch to the top trendline or a double top formation as an override depending on how reacts on the zone. The third touch will be more preferable for me, with 2.17015 as first target and 2.14440 as the second target.
(BTC) bitcoin "miners make less money -- work harder"Due to the halving, the miners make less money. This means the miners have to work twice as hard to make the same amount of money. Historically, a miner earns on transactional process. When that money is conceived into a usage case scenario the money as BTC is spendable, or capable of being saved for later. Right now and since April 19/20th 2024 the newest halving should mean miners make less money and therefore have to work harder to make the same amount of money they were making the four years previously. Miners have to adapt and adjust to the new progress sheets earning less money for the same amount of work as before.
The graph chart indicator appears to show the blue line rising over all over moving average lines. This is a good sign that needs to happen to allocate all moving average lines into an order to represent the pattern where Bitcoin's price increases strongly from retail traders interests. The blue line rose above the other MA lines in July but did not commit and failed to see a complete flip of all MA lines. The line formation is tighter now so it is possible the strength is better this time around despite the price slowly falling month to month since the halving.
My Bollinger Band trend graph indicator shows BTC still in the red based on slower incremental movements.
OIL: DAY 3 SHORTS in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
Let’s jump into the Technical Analysis:
WEEKLY TEMPLATE (1hr chart):
Since the previous week, we can see how this market potentially could complete the big template of pump and dump, scenario still possible if setup correctly.
OIL market triggered shorts breakout traders in, typical a signal of potential strong move.
DAILY TEMPLATE (15min chart):
Asia session broke down into the LOW, reversing sharply in London session (pump). Currently this market is not in an interesting level to buy or sell.
THESIS :
Short: considering the weekly pump and dump not completed yet, I can see this market going lower, stopping all the traders long since the last week.
Long: however, day 3 shorts in the market, in the new weekly cycle, can be a good reversal signal, going to stop traders short from Monday.
SETUP :
Short: price pumping up back to the previous HOD, consolidating for 30/45 min and dump (after the news release)
Long: Market dropping down at least into the previous CP, or LOD/LOW, consolidating for a pump (this scenario is mostly likely happing on tomorrow, which is closing range of the week)
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
BANKNIFY SKYFALL IS NEAR.READY TO GRAP THE MOVE.FWB:NSE : BANKNIFTY coming to resistance are marked red + high selling of liquidity+priceaction =
winning trade. Be ready for Deadly Thursday.
AMC $ Breakout we had double bottom above the 3.82$, and now we broke from our ascending line. first sign of strength , now we need to break the resistant at 4.31$ to continue to go higher towards the 2 profit taking and squeeze area around the 5.37$.
if we got rejected at 4.31$, it's means we going towards the bottom price above the 3.33$.
XAUUSD longSAXO:XAUUSD
Looking for a bullish move at gold. The wednesday trade perfectly worked out. Maybe we can trade it a bit higher to around 1800 or even 1810. Be aware of the "Core PPI" news they can change the direction quickly!
GBPUSD daily forecastGood morning everyone. The markets are looing bearing today thus I am looking for sells.
BANKNIFTY 18 AUG THURSDAY EXPIRY ANALYSISIf tomorrow price starts in between 39150...35500 we will wait price to hit either upper resistance or lower support and wait for next move.
If price gapsup and falls from target area like previous week we will buy put .
If price starts and continues upwards from todays spot we will buy ce.
COIN Breaking Out Zone we tested a critical Resistant Level yesterday around the 88.80$, we need to break it and hold above it to confirm new support and going to test 2 profit taking around the 95$, and the 112$ levels .
if we didn't over come this resistant around 88.80$, we need to hold above the 64$+,to show that we are in reversal mood , and making this our bottom for this year , we going to break the 88.80 the next time we tested .
NASDAQ:COIN
APDN Squeeze Level premarket is below the 3.68$ level, if we opened the market below it , we going to test our support above the 2.60$+, if we opened above 3.68+, we make it our support and we going to see a test for the 6$+, and the 9$+.
NASDAQ:APDN
NIFTY THURSDAY 4 AUGUST OPTION EXPIRY ANALYSISAccording to our yesterday analysis,price could not break higher or lower S & R levels and remained sideways the whole day. Yesterday we saw the W pattern today we can see the CUP and HANDLE (which we can expect tomorrow to complete) pattern. So tomorrow if price breaks below 17380 we can assume to be a continuation of todays remaining part of the handle (cup and handle) pattern. As we discussed earlier in last week"s analysis price coudn"t break 17100 ...17450 supply and demand area. Tomorrow we can expect price to move out of this range if price gapsup above 17450 level or opens near todays closing price and breaks the 17450 level till afternoon.
BANK NIFTY TOMORROW 4th AUGUST THURSDAY ANALYSISIF BANKNIFTY indices is trading in between 37400....38000 supply and demand area, since four sessions. Tomorrow if price breaks 38150 level immediately, target would be 38400. If price gaps up above 38400 or starts trading near 38400 level after 12 pm we can expect another 150 points move.
NIFTY TOMORROW 28/7/22 THURSDAY ANALYSIS 16570 level and bounceFor the first time since 3 days price made higher high, higher low momentum , I am expecting the same trend to follow tomorrow . Currently price is trading in between 16570....16680 support and resistance levels , if price tomorrow starts trading between support and resistance area we will wait until it breaks resistance or retraces back to 16570 and resumes uptrend.
$XELA Breakout Target we broke from our descending bearish channel , now we have a support above the 0.13$ , if we continue to hold above it we we will see another test for the resistant level around the 0.1780$ , if we broke it , the first profit taking will be around the 0.25$ , and the second profit taking will be around the 0.34$ .
NASDAQ:XELA
EURUSD Thursday 21 July Bearish Analysis for Equity OpenSo I wrote notes in the chart as you can see to understand my analysis more, I see the high protected since it is at a perfect institutional level and also we had Bearish momentum which in my experience tend to continue onto thursdays, also i pointed out the Judaswing to take bearish trades. overall really confident about my analysis and bias on this one. thanks for reading
USD/CAD - 21/10/2021(H4) - USD/CAD broken out of support but failed to close bearish. Strong wick rejections showing bullish presence, if we break back above support of 1.23202 then we could see continued bullish pressure back up to 1.23465
(M15) - Will be looking for price to break back above 1.23254 too look for buys up to 1.23465, just a waiting game now.
GBP/USD - 21/10/2021(H4) - GBP/USD still holding bullish, currently sat around that H4 retest area of 1.38141 we could see price continue to push bullish above 1.38323 in which case we will be looking for buys although we could follow GBP/JPY consolidation and potential free fall down to 1.37693
(M15) - M15 double top, currently sat on the previous higher low (support) If we do break below this level we could see that free fall however be mindful this would be a reversal trade.
USD Strength!Starting to see that bullish momentum come into the session. H4 candle breaking resistance leaving behind a wick rejection into resistance, looking to close the H4 strong.
Exactly how we forecasted yesterday. All USD crosses are pulling back to support but will we reverse?
Banknifty Expiry Day Range 34000 to 33500 A stangle on both the side bounded by 33500 on lower end with 34000 on upper end is an estimated range, any overnight change must be looked upon with behavior on OI data
GBP/USD - 11/03/2021Apologies everyone, I forgot to publish this trade earlier this morning, been really busy doing some web development updates for our website. However I have just come back to see a nice risk free trade secured for the day. Will have to see how price reacts around the current high.
(H1) - Break & Retest - Bullish trend.
(M30) - Double bottom, wick rejection, inverted hammer candle and strong bullish engulfing candle to follow. So many confluences to make it hard to reject taking this trade.
I will keep you posted on how the trade progresses and enjoy the rest of your day.
GBP/USD - 04/03/2021 *UPDATE*Just a little update on this mornings analysis I closed out 50% of my position around 1:1 ahead of US data at 13:30 and rolled my stops to breakeven. We managed to survive with little to no reaction which is always fun and now we are approaching 1:2.
