LXCHEM - short term tradeBuy LXCHEM @/above 302
Intraday/Short term Target 324
Stop Loss 298
Profit approx. 7%
Medium term Target 386
Stop Loss 291/below
Profit approx. 27%
Intradaytrade
do you want to bounce? btc bitcoincamarilla pivots. linear regression. potential bull div. trend and levels.
will want to see a higher low put in here or it could get ugly
Intra-Day Trading TheoryTrading opinions can be made in a very concrete or a structured manner just like how investors study into the financial numbers of the stock they are about to invest into.
Short-term traders also have its numbers they study into, it is the price behaviours or the price data of the instrument they are trading. When these data are converted into a pictorial format, it becomes a chart.
And I am going to share with you a simple illustration on intra-day trading using trendline and divergence, to derive entries.
You will find how this can be done in a very structured manner and you don’t have to guess too much into it.
I have included some links below on my previous videos on trendlines and divergence.
The first rule:
The first about intra-day trading theory is we have to acknowledge the word “intra-day”, meaning all trades are done within the day itself, and we will have to square off all our positions before the market closes. This is Because we do not wish to carry any risks overnight with unexpected gaps.
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
BTC. Is the breakout confirmed? camarilla pivotsH4 is the level to break. targets are H5/6 if it does. H3 to L3 is the ranging move to watch out for. it could happen and even breakout after that. Break of the L4 confirms this as a trap and would look for breakdown to L5/6
Bitcoin Trend Analytics August 11 - pumped by a good figureCPI was much lower than expected, which fueled a strong bull run for all markets except the USDX. BTC bounced from the short-term support and gathered the strength to challenge the resistance above.
According to the strength of the triangle, the resistance today diverts to $24860.73-$24597.35. This resistance has become weak and easily broken.
Short-term bullish support arrived at $22775.99, which was broken yesterday and then flipped and diverted to $22977.50.
Breakout on the triangle resistance at 24k will open up more space above.
The drop in CPI has triggered a positive expectation of slowing the pace of interest rate hikes, however, the decision is not revealed yet. We should wait for the Fed’s final decision around Sep 21-22.
Bitcoin Trend Analytics August 10 - volatility cased by CPIThe challenge failed due to the strong resistance of the triangle. After 16:00 (UTC+8) BTC dropped and touched short-term bullish support.
Monitor today if the support could hold up the price.
According to the strength of the triangle, the resistance today diverts to $24736.27-$24457.91.
The price could drop to $22775.99 if the short-term bullish trend is broken.
Only by taking hold of $23532.87 could it stabilize on a daily frame. If $22775,99 is broken without pulling back, then it will end the short-term bullish trend.
Keep an eye on the adjusted CPI to be released at 20:30 (UTC+8). Watch out for the high volatility risks.
Bitcoin Trend Analytics August 9 BTC ends the consolidation and opens up the space above. Today it keeps challenging resistances.
The strength has come to a crucial point in an upward triangle, resulting in a resistance between $24876.64-$24525.19.
Short-term bullish support diverts to $23030-$22962.87.
The key support of the month is between $18393.50-$17819.71. Higher statistic support manifests stronger bullish sentiment. The relief rally yesterday was prognosticated by better statistics from last weekend until yesterday.
Bitcoin Trend Analytics August 8BTC is about to end the consolidation, yet still needs some time to test. If it breaks $23976.01 based on data and movement, then it could go up higher.
Consolidation range: $23976.01-$21749.97; $22638.15 is the center where longs and shorts battle severely.
Key support diverts to $22638.15. BTC stepped on this support and now moves along it.
The key support of the month is between $18295.26-$17683.49. Higher statistic support manifests stronger bullish sentiment.
Bitcoin Trend Analytics August 5 BTC is still under the pressure of resistance and is yet to end consolidation. Breaking up the intraday resistance today and then holding up on $23775.37 for 4-8 hours could it end this consolidation; otherwise it’ll come to a lower area to consolidate.
The crucial support of the day is $22153.84.
The crucial range this week moves down between $24819.19-$21487.09. Breaking down $21487.09 will the market turn bearish.
The key support of the month is between $18155.27-$17565.40. Higher statistic support manifests bullish momentum and a lower level means cautious. This continuous downward diversion of the key support is the reason for the price drop these days.
Bitcoin Trend Analytics August 4 BTC went as high as $23657 and was rejected by resistance at $23743, which is diverted to $25853.50. Breaking up this resistance will end consolidation; breaking down $21768.94 will prolong the consolidation.
The crucial support of the day is $22490.46.
The support of the short-term bulls has diverted to $21768.94 at the beginning of a mid-term consolidation.
The crucial range this week is between $25813.19-$21533.93
The key support of the month is between $18217.13-$17613.07. Higher statistic support manifests bullish momentum and a lower level means cautious.
Bitcoin Trend Analytics August 3BTC is still in consolidation, breaking up $23743.41 will end the consolidation and go up against $27746.31. Breaking down $21747.08 will prolong the consolidation.
The support of the short-term bulls has diverted to $21747.08 at the beginning of a mid-term consolidation. The strength of bulls and bears is yet to break even.
The crucial range this week is between $25813.19-$21528.20
The key support of the month is between $18207.13-$17643.71. Higher statistic support manifests bullish momentum and a lower level means cautious. It’ll need to be tested and observed on a daily basis.
See detailed tp in the chart.
GBPUSD:Bears still lurking!GBPUSD
Intraday - We look to Sell at 1.2300 (stop at 1.2380)
Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 1.2070 and 1.1975
Resistance: 1.2215 / 1.2450 / 1.2670
Support: 1.1975 / 1.1760 / 1.1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bitcoin Trend Analytics August 1 BTC didn’t manage to break up $24716.60 and fell back into consolidation before any rally.
The support of the short-term bulls has diverted to $21704.65. Now is it in mid-term consolidation within a long-term downward trend.
The crucial range this week is between $25809.47-$21595.96.
The key support of the month is between $18300.41-$17708.48. The data of the movement slides, indicating that MC is cautious.
Mi2 Journal - 3.1Short 24000 . STop loss 24040. Take profit 23650> use proper risk managemnt and Not financial advice
Bitcoin Trend Analytics July 29th - relief rallyYesterday market confidence was boosted and was looking to break up $23536. Today it’ll test $23034.32 and confirm the breakout before heading towards the next resistance.
BTC follows a short-term relief rally, but the long-term movement has not changed. The short-term support is at $21788.18; key support diverted to $20904.25.
The key support of the month keeps moving up; fund inflow increases.
The market has entered a short-term bull run and mid-term consolidation. Monitor if QT will go as planned by the Fed in September- double the amount of balance sheet reduction, which is an acid test.
Bitcoin Trend Analytics July 28th- price in & bullishYesterday $21005.51 held the price and BTC went up, breaking the key support and building up strength to break up the turning point.
Today the turning point is $23536.82.
The market priced in the 75bp interest rate hike. Powell boosted the market confidence by acknowledging that ‘the pace of rate hikes could slow at some point’.
Short-term movement is between $21656.65-$23536.82. Breaking the resistance will open up more space above. The next strong resistance concentrates at $26586.53.
Now it needs to confirm holding on the upper line of the box. The key support of the month has moved up.
Bitcoin Trend Analytics July 26thYesterday we mentioned BTC fell down and consolidate, today it’s running in the box and is testing the key support area of $20900-$20746.
If $20900-$20746 were broken, it will keep falling to test the lower edge of the box and the key support of the month.
The key support of the month has diverted to $18317.41, which either holds and sees the price jump up to break the turning point and go up higher OR is broken and BTC plunges further.
Fed’s rate hike expectation: +75bp (77.5%) / +100bp (22.5%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Bitcoin Trend Analytics July 25th - back into consolidationBTC didn’t hold the key support of the box and fell back into the consolidation range.
It runs between $24800-$20959.25. Breaking up the resistance will surge higher; breaking down the support will end the bullish momentum and it turns negative.
The short-term key supports are at $21492.96; $20959.25; the key support of the month diverts to $18617.36.
Fed’s rate hike expectation: +75bp (79.9%) / +100bp (20.1%)
Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
META: Bounce IntradayLooking for push down on opening to the 170 zone. Then looking for rejection from that zone on 5min or 15min. . . same as Carnival trade day trade that can turn swing.
Bitcoin Trend Analytics July 21st - still needs confirmationAfter pulling back around the turning point, BTC rallied up against the next key resistance yesterday and failed. Today the key resistance is at $24698.83.
BTC will come back again and test $22700. If it holds the line, $24698.83 will be the next target.
If it breaks down into the box again, the short-term supports are $21382.70; $20825.47. The key support of the month is $18659.72.
Monitoring Fed’s decision from July 27-28. It will generate a heavy impact on the market. Previous stats: 1.75%; expected target rate: 2.5%-2.75%.
Bitcoin Trend Analytics July 20thSupports keep moving up and BTC is trying to establish support at the top edge of the box.
BTC is trying to confirm the breakout within the 3-day time frame. Today if the top edge of the box is not broken, it will go up against $24692.22, or else it’ll consolidate again within the box. Monitor the oscillation zone around $23000, between $23101-$22733.
Both cryptos and the Stocks rally are betting on a lower-than-expected interest rate hike or the possibility that Fed ends QT in advance. If so, bulls will take control. So keep monitoring the interest rate release on 27th. S&P500 central support is 4033.7.
The key support of the month moves up to $18764.79. (moving up is positive, vice versa)
We're still facing pressure on macro: the expected Fed's rate hike now is 75bp (65%)/ 100bp (35%)
USDJPY: A brief breather ?USDJPY
Intraday - We look to Buy at 137.28 (stop at 136.26)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Horizontal support is seen at 137.20. Dip buying offers good risk/reward. Support could prove difficult to breakdown. Further upside is expected although we prefer to set longs at our bespoke support levels at 137.20, resulting in improved risk/reward.
Our profit targets will be 139.96 and 140.50
Resistance: 140.00 / 142.50 / 145.00
Support: 137.20 / 134.40 / 126.70
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Nifty 50 Intraday Trade Setup for 19th July 2022Nifty50 Index on Monday kept on the momentum after a gap-up start to eventually close around its recent swing high of 16,275. India Vix also cooled off by 2.5% to 17.16.
Daily TF
The index gave a breakout and re-test of the downward dynamic trendline resistance holding the downtrend. The index is still making higher lows taking support from 15,900 levels (B point of XABCD), and the XABCD pattern is still valid. The index is now trying to break its recent swing high (B point of ABCD pattern), which will activate the ABCD pattern (confirmation above 16,300/20), and the upward momentum can continue till 16,600 levels.
Key levels
Support : 15,900
Resistance : 16,612-16,683
Intra Day (30 Mins)
The index is now trading at crucial resistance of 16,280 (Harmonic PRZ and Previous swing high), and a break out will be confirmed if the Index sustains 16,300 levels with support at 16,200 (which was respected twice yesterday).
SGX Nifty is currently suggesting a gap down opening, the entire unfilled gap area will act as good support, and we will follow the 30 mins range break strategy.
