DROP
Bitcoin(BTC): We Had A Drop!!Bitcoin rejected fully FWB:48K and reclaimed $45K zone as well!! Our weeks-long game plan is working very perfectly, and the price is moving just as we have been predicting it to move.
With that being said, we have had so far 7% market price movement since the entry zone and 14% market price movement since the FWB:48K zone, which we have been monitoring for quite some time.
With that being said, we also see that during Asian session, BTC stayed in the lower zones without any impulse to upper zones, which is good sign of further downward movement to come from here (maybe with small correction to upper zones)
As always, "buy the rumours, sell the news." - Ethereum ETF is next??
USDJPY: BUY COMPLETE ✅Yeah now looks at me used to buy a opportunity I already confirm in fast analysis now look at my present target it that's cold baby price action is not with I am from get part 6 years I learned lots of things by my mistake no back support and no or got fathers and no teachers will teach me I learnt by mistake mistake mistake and also learning from mistakes and I also better I will mistake mistake fail fail and fail then you better something then you I can't feel and then you better little more that's how that's how you will be grow you first night bro s lost now it's my turn,
Bitcoin(BTC): $40K Psychological Resistance Is Like A MagnetBitcoin's monthly timeframe reveals cautious growth as we approach the psychological $40K resistance zone. We still wait and want to see that the pre-halving period will show us some downward movement (historically, last time we had a similar setup, prices dropped 60% of the market price).
What we are going to do right now is monitor the price action near the $40K zone and see if we will secure it within the monthly timeframe or if we will see a nice rejection! But If $40K won't show any strong rejection but more of a small rejection, then the price might just as well pass this $40K zone and move to the upper zones.
So as of now, we are still seeing and waning for some kind of weakness near the $40K zone and a first correction to happen towards the $32K zone.
Swallow Team
USDT.D (New Update)Hello friends.
How are you today?
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Today I want to talk about the Dominance Tether.
As you can see, there is a valid channel because of the number of collisions with the ceiling and floor. and at this time, we are very close to the bottom of this channel.
It notifies us that we should expect to go up.
And the consequence will be a drop in other markets. Such as Bitcoin, SPX, NDX, and Forex for example euro, NZD, and so on.
✔️✔️ Please don't ever underestimate DXY for your trades
Please don’t forget to write your comments ✍️✍️ Like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Have a nice day 🙏🙏
Ho3ein.mnD
Ripple(XRP): Multiple Selloffs = Soon Drop?We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened!
As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the major support trendline. A decisive break below this confluence has intensified selling momentum, pushing prices towards the lower Bollinger Band or beyond.
Our gameplan is to wait for some sort of re-test in the upper zones (closer back to the middle line of Bollinger bands). Once we are near that zone, we are going to look for a potential further downward movement, and we will catch it as well if we can.
Bitcoin (BTC): Breakout From Major Resistance of $40K ZoneThe new week has started with a magnificent breakout (breaking the $40K zone without any significant resistance).
During the Asian trading hours, Bitcoin has had a breakout from the $40K zone and is currently aiming for the $41.5K zone. As many (including us) waited for some major rejection to happen near $40K, it came to the conclusion that we needed to wait for at least London trading hours to open in order to see how it would be moving during that time there!
P.S. We are not passing completely on the idea of correction (which historically showed same setup as we are seeing right now and Resulted in a nice 60% downfall before the actual halving happened)
On a weekly timeframe, we want to see how the weekly candle will close this week, but the opening of the candle is rather bullish as of now. Eyes open for a potential fakeout of a long squeeze to happen!
Bitcoin (BTC) - About 150 Days Before HALVING (Update)Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers.
History's got a way of repeating itself, and if we're reading the patterns right, we could be in for a pre-Halving shakeout. We've seen the FUD and the euphoric pushes, but remember, it's the calm traders who survive the storm. So, we're watching that $40K psychological resistance for any potential touches there, but overall, our aim is still the lower zones (more near $26-32K, if not the lover) before the halving.
Swallow Team
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You might also like
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Bitcoin (Urgent Analysis) 😱😱Hello Guys.
How are you?
I hope you always be happy and successful
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Today I want to give you an update on the movement of the Bitcoin
So, Let's go.
In my opinion, Bitcoin is done, Unless the price can stabilize above $38300 with a strong candle, preferably Marubozu with high volume (stay above 38300 for 2-3 days) the volume must confirm this move.
If Bitcoin succeeds in being stable above 38300, the next target will be 58000 USD
otherwise, Bitcoin will drop more than you think. and we are still in the bearish trend.
Wait for the big news. for example, canceling the ETF at this time The expansion of the war in the Middle East the start of the China-Taiwan war, or something else that will cause to drop in Gold and other markets.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
I believe my analysis.
Good Luck
Ho3ein.mnD
Bitcoin UPDATE Hello guys.
How are you doing?
I hope you feel great and always be happy and successful.
today, I want to talk about Bitcoin. It's an update and the expectation about the movement in Bitcoin.
So, as I always said it's not financial advice. please just read and do based on your strategy.
So, Let's go into details.
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I drew this Fibonacci channel a few months ago.do you remember that?
what a fabulous reactions.
You can find the bottom of Bitcoin easily.
please draw it on BTCUSD. and the price must be on the line chart.
after breaking line 1 (at the top of the first channel) the price changed the trend to complete the pull-bach to the top of the channel.
I expect that the maximum of this movement will be 38300 and then reverse the trend again.
But, if the price succeeds in closing above 38300 by a God Candle (a full candle without shadow at the top and the bottom) and the volume confirms this breakout, I believe that the price can go higher and the first target will be around 47000 and then 58000.
but, it's just a scenario and I don't think the price succeed in closing above the 38300.
by the way, I want to tell you something special.
Every time the stochastic managed to touch the 70 level (and above) and then reverse on the monthly time frame, we had a huge drop.
Please check it out at the below link. (Minimum 84%)
And the consequence is that I expect the trend will reverse soon. That's my idea. and the market maker played this rule to import the money into this game. and burn it.
please think about that carefully. and know that Opportunities in the market flow smoothly like a river.
Please don’t forget to write your comments ✍️✍️ like 👍👍 and Share 👌👌 this vision with your friends.
And Tell me do you agree with me or Not?
Please don't hesitate to write your comments below.
❤️❤️ Wish you the best ❤️❤️
Sincerely Yours
Ho3ein.mnD
ETH getting ready to drop to some massive supportSure, there is upside to 1780 and it could keep climbing, but I think we're going to see it drop before that occurs. There is a support trend heading in the bearish direction
Then you have two really weak resistance lines developing on short term charts. Which makes me think it's about to see a drop off of those and then head to the bearish support trend.
This is the best part because a lot of trends are leading to the same spot, which is a massive support trend climbing in the bullish direction.
Personally, I see a fast movement down and then the next movement taking the price to 1745-1780 before coming back down to test 1690 again.
Price target is more important, the 1608 target, the 1680 rejection, and the 1700+ line.
I'll likely keep the updated price targets for this chart on my site, but otherwise, you'll need a new chart should the 1608 line fail or should the green trend break, which is a BIG time exit point trigger.
I SPY CHART - TRENDS Sharing my chart for SPY for this week.
This is nothing more than a preliminary trading plan that prepares me for movement in both directions.
TBH, I'm not totally sure how it plays out yet, it's one of those moments where you have to keep reanalyzing in real time to adjust prices and trends.
I can say with some certainty that there is a pretty good price drop coming, and I think I've identified the trend that will cause it (hot pink). I would watch for a trend break on that trend.
If it played out like this, it wouldn't surprise me, but obviously, I would rely more on the trends and price targets vs the arrow path.
Good luck!
Honestly, if you miss a short entry on a steep drop, instead of jumping in way too late, consider a 3x leveraged ticker and buy in the bullish direction. Realize your profits, and you'll make just as much. LONG TERM is favored for bulls until some major trends break or WW3 starts. I have other charts that cover those projections.
BTC Full Analysis in Daily TimeframeHello Traders, here is the full analysis for Bitcoin in a daily time frame, Let me know in the comment section below if you have any questions. I suggest you keep this analysis on your watch list and see what will happen and will my tragedy prove!!!
Today I want to talk about BTCUSD
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Before that, I want to remember It's not financial advice.
I'm just sharing my view and opinion of the chart. Please see and think about that. The situation is so complicated.
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As seen on the chart I used the Fibonacci channel to explain simple. I active special lines, for example, I introduce you 0.5 as mid-line,1 for the top of the first channel, and 0 for the low of the channel.
Although 2 is the top of the second channel line,1.5 is the mid-line of the second channel, and so on.
I used 2 purple circles as the tops of the channel and used one green circle to draw Fibonacci channel lines. That's all.
So, let's check it out on the chart together.
As you see the price reacted to these channel lines. sometimes prices do not touch the channel lines, but if you change the chart from line chart to candle-stick, you will see that prices always touch these lines because the prices are so respectful of these Fibonacci lines.
Let's not go into details.
As we expected the price reacted to the second Line. I drew a red circle to see better this reaction. And then the price goes up. But it's temporary and the drop again.
I will show you more things based on Elliot's theory to understand what's happening in Bitcoin. So, don't worry Guys.
Also, I drew 6 green zones. The first one is very important because if the price loses this zone, we will drop more to the second green zone.
If we lose the second zone, the next support zone will be active.
I expect we lose the first, Second, third, and 4th support zones soon.
I think the best zone to think to buy Bitcoin is beginning on the 8K. I will do this. It means I will buy Bitcoin at the price of 8500 for the first level.
The next zone is around 6500 and the final zone is 4500 to buy and Hold Bitcoin until 2030.
It's just my vision. it might 6th zone never ever touches the price. But based on my analysis of USDT.D and BTC.D and DXY, everything is possible.
I will publish my analysis about DXY, and USDT.D soon.
But if the price loses the second support zone everything will be difficult and the situation will be changed. And we will see more pressure in the Crypto market.
This causes a big drop in the market, which, as you know, can lead to a FUD in the market. so I expect we lose the second support zone at around 18000-18500 USD and move to 8000 USD for the first level zone.
The next analysis belongs to the weekly Time frame based on Elliot waves. I will show you everything you need to know.
By the way, I think this correction will be ended in April 2024.
Please like, follow, share, and comment if you enjoy this Idea, Also share your ideas and charts in the comments.
Wish you health and wealth.
Sincerely Yours
Ho3ein.mnD
NZDUSD - A Deep Pullback Or A Breakout?Analysis:
We took a trade on this pair the other day but we ended up getting stopped out due to the bearish news that came out for the USD however we're going to take another shot at NZDUSD. We are still bearish on this pair because we're still in a downwards trend. We haven't formed a higher high yet which confirms that we're still in a downwards trend. Price has pulled back a fair bit but we see this as a deep retracement and a great shorting opportunity. We're currently at a key level which has held multiple times so we expect it to hold again. For more confluence at our area we also have the 61.8% fib retracement level which is often seen as the strongest fib level so we have more confidence that this level will hold and that this is where the bears will take back control. Another confluence factor that we have is the downwards trendline. This trendline has held multiple times before, causing huge rejections so we expect that this will happen again which is a positive for this setup. Fundamentally the USD is the 2nd strongest major currency whereas the NZD is the 4th strongest major currency so this goes in our favour to be on the short side of NZDUSD. For more fundamental confluence we have an increase in both long and short positions on the USD by institutions which is pretty neutral whereas for the NZD we didn't really have an increase in long positions but we did see an increase in short positions by institutions so this is yet another confluence on why we want to be shorting this pair. We have had some bearish news come out recently for the USD however on Wednesday when Fed Powell testifies we could see some bullishness coming back to the USD. If the market gets any reasons to go long on the USD then we would see this pair drop and with all of the technicals and fundamental analysis we've done we think that we'll see the bulls step back in on the USD which is why we are currently bearish on NZDUSD despite the current market conditions.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
AUDUSD - Deep Pullback Before A Drop?Analysis:
To start off with this isn't our favourite setup. We don't have any added confluences which whilst aren't required for a trade to be valid in our opinion, they are still a nice thing to see and they provide more confidence. With that being said just because we don't have the these added confluences this setup is still valid and there are a few reasons why fundamentally. Firstly the technicals though. We're clearly able to tell that currently we are in a downwards trend. Price has made a pretty big move to the downside and we expect that this will continue. We're interested in shorting from this area however as at this level we have a key major level of resistance. We expect that this is where the bears will be sat at wanting to push price further down. Fundamentally the USD is the 2nd strongest major currency whereas the AUD is the 3rd weakest major currency so before we even look at any other fundamental data this is already going in our favour. Recently we saw a decrease of 14468 long positions by institutions on the AUD signalling to us that we might want to stay clear from going long on the AUD. Institutions have access to a lot more data then retail traders so if they are staying clear from buying the AUD then there is probably a good reason for this. Knowing this helps out our idea and is another reason on why we are short AUDUSD.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPCAD - Break Of Long Term Trend!Analysis:
We were looking at this pair not that long ago for long setups, however we didn't get this in the end and price actually broke below our level that we were interested in. Looking at current price action we've now got a bearish outlook on this pair for multiple reasons. As we saw price break our level we are not longer in an upwards trend, meaning that we don't want to be looking for longs but instead we want to be looking for short setups. We're at a very key level which has been tested multiple times and we expect that it will be respected again this time for resistance. We've got added confluences as well which give us more confidence in this setup. Firstly the 50% fib retracement level is at our area which we expect sellers to push price down from so this goes in our favour. Another confluence that we have is the downwards trendline that is present. We expect that price will bounce off of this trendline and continue its move to the downside. Our final technical added confluence we have is the break of a long term upwards trendline. This shows us that the long term trend has been broken and we expect to see a change in the market momentum which goes with our bearish thesis. Fundamentally the GBP is stronger then the CAD so this doesn't go in our favour but like we've said before we expect that oil prices will rise again soon and with this the CAD will also rise. Canada is the 4th largest oil distributer in the world so if oil prices rise so will the CAD. This is why we don't really mind that currently the GBP is stronger then the CAD because we think that this will soon change.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.