Gold Update 29/9.1Gold Update 29/9
After successfully breaking the daily line, gold price has dropped another 20. Currently, the buy zone is quite wide so we need to wait for the price to go through the downtrend in the daily frame. However, currently the price is reacting to the neckline 2 bottom of March so you can buy a small volume to explore.
I have published one more idea in the smaller box below
Seasonality
US100 | Market outlooknvestors focus on the actions of the US Federal Reserve in the face of a significant decline in inflation, cooling of the labor market, and instability of the banking sector. Thus, Treasury Secretary Janet Yellen said that after the bankruptcy of Silicon Valley Bank and Signature Bank last month, conditions for access to credit could tighten, which would put pressure on the economy but save the regulator from the need to further increase interest rates. The official also noted that the current economic sanctions against Russia and several other countries may carry risks for the dollar as a world reserve currency if an alternative is found for it.
Possible move towards 15154 - 15967.
How to Altseason Cycle || Cheat Sheet || Bitcoin DominanceMonitoring Bitcoin dominance (BTC-DOM) is a valuable tool for crypto traders. It provides insights into the relationship between Bitcoin (BTC-USD) and altcoins (ALT-USD), helping you make bette decisions about your altcoins and tokens.
Spotting Altcoin Seasons:
Altcoin seasons are periods of heightened interest in different cryptocurrencies and tokens, often causing their total market cap to surpass that of Bitcoin.
Understanding BTC-DOM's movements can help you anticipate how the market might react:
1. BTC-DOM Goes UP:
When BTC-DOM rises and BTC-USD also climbs, it often indicates a bullish phase for Bitcoin. During this time, ALT-USD may stay relative stable and face sideways.
If BTC-USD experiences a decline while BTC-DOM is on the upswing, ALT-USD might witness a significant dump.
When BTC-USD moves sideways and BTC-DOM follows suit, ALT-USD tends to maintain a stable course.
2. BTC-DOM Goes SIDEWAYS:
If BTC-DOM remains relatively stable and BTC-USD sees an uptrend, ALT-USD often mirrors this upward movement.
Conversely, if BTC-USD takes a dip while BTC-DOM remains flat, ALT-USD tends to follow suit with a decline.
When both BTC-USD and BTC-DOM exhibit sideways patterns, ALT-USD typically remains in a state of relative stability.
3. BTC-DOM Goes DOWN:
A decrease in BTC-DOM coupled with a rising BTC-USD often leads to a pumps for ALT-USD.
When BTC-USD experiences a decrease while BTC-DOM falls, ALT-USD may stabilize or enter a sideways phase.
If BTC-USD moves sideways while BTC-DOM declines, ALT-USD often witnesses an upward movement.
Remember that while these trends offer valuable insights, the crypto market is highly volatile. Low cap altcoins can behave unexpectedly even when Bitcoin dominance suggests a particular trend. Therefore, use Bitcoin dominance as one of many tools in your investment strategy, and always conduct thorough research before making decisions.
XAUUSD Planning a Trip Down South?!Here we have a possible long term BEARISH analysis on Gold.
Gold seems to be respecting this Falling Resistance that reared its face upon price reaching 2081 (May 4th) then declining to then retest this Resistance a 2nd time at 1953 (Sep. 1st) bringing us to the 3rd attempt at 1937 (Sep. 19th)
Following this 3rd attempt, price has STEADILY declined into what looks to be an upcoming area of past Consolidation turned Support!!
If price is unable to find footing in this area AND decides to break down past the PHR (Point of Hard Return) , I could see price possibly stretching down into the ranges of Last Fall! ~ {1730 - 1615}
Nasdaq/NAS100Analysis Report:
Objective: Identifying potential buying levels for Nasdaq/Nas100.
Current Level for Consideration:
Considering a buy at the current market level.
Preferred Clean Buying Levels:
Buy at 14336.71
Potential 50% Retracement Zone:
Buy at 13860.21 (50% retracement zone)
Explanation:
Objective Clarification: The goal is to identify favorable levels for buying opportunities in the Nasdaq/Nas100 market.
Current Level for Consideration:
Consider initiating a buy at the current market level.
Preferred Clean Buying Levels:
14336.71: Identified as a cleaner level for potential buying, indicating a strategic entry point for a long position.
Potential 50% Retracement Zone: 13860.21: Recognized as a 50% retracement zone, presenting an excellent buying opportunity for a long position.
$SPY 20% Up Under 10% downAs we assess the performance landscape for this year, it's imperative to focus on key metrics that underline the strength of our investment strategy. Notably, the S&P 500 Index, represented by the SPY ETF, has appreciated approximately 20% year-to-date. This solid growth trajectory reinforces the robustness of the current bull market.
Furthermore, it's worth highlighting that market corrections have remained relatively contained, with pullbacks not exceeding a 10% decline. These controlled retracements are indicative of a market that, while exhibiting occasional volatility, is fundamentally strong.
Our analytical framework projects specific price targets for SPY, which are delineated in the accompanying chart. These targets have been carefully calculated based on a variety of factors, including historical data, economic indicators, and market sentiment.
In conclusion, while it's crucial to remain cautious and diversified, especially in a market that has demonstrated significant gains, the underlying metrics point toward a resilient market environment. We encourage you to continue to engage with us as we navigate these exciting market conditions.
Next BTC ATH , What and WhenThe chart posted is very simple to understand.
Bascially I have manually fitted a curve around the cycle highs and lows of bitcoin on a logarithmic scale and have measured the time it took for btc to tap the top curve once it has tapped the bottom curve, and it comes around 850 days approx.
This measure estimates the next BTC high to be approx 112000 USD around mid of 2025.
This curve also indicates the bottom is in for bitcoin at 15000 USD for this cycle , it can only be violated , in case of a black swan event like it did in march 2020.
EURUSD Trade Idea with Key Fundamental Events:Trade Idea for EURUSD
Bias: Very Bearish
Overall Score: -12
Commitment of Traders (COT) Bias: -3
The Commitment of Traders data for EURUSD is indicating a strong bearish sentiment among institutional traders. This points to an expectation of a weakening Euro relative to the Dollar among the major players in the market.
Retail Sentiment: -1
Retail sentiment towards EURUSD is mildly bearish. As retail sentiment can sometimes act as a contrarian indicator, this mild bearish sentiment is in line with our overarching perspective.
Seasonality: -1
Historically, the current period exhibits bearish tendencies for the EURUSD pair, which adds another layer of confirmation to our bearish outlook.
Trend Reading: -2
The existing trend for EURUSD is downward. The pair seems to be experiencing continued bearish momentum.
GDP Growth: -1
Recent data suggests that the Eurozone's GDP growth is underperforming, which could exert downward pressure on the Euro.
Inflation: -2
Rising inflation within the Eurozone, without a corresponding aggressive response from the European Central Bank (ECB), might deter investment flows into the region.
Unemployment: -1
Unemployment figures from the Eurozone are less than ideal, possibly leading to reduced consumer spending and a further drag on the Euro.
Interest Rates: -1
The interest rate differentials are currently favoring the USD. With the possibility of the Federal Reserve being more hawkish in its stance compared to the ECB, we could see an influx of capital into the US, bolstering the USD against the Euro.
Conclusion: Considering the negative scores across multiple categories, our trade idea for EURUSD leans strongly bearish. Traders might want to entertain shorting opportunities, always emphasizing the importance of risk management, stop loss placements, and regular market assessment for any sentiment shifts.
EURUSD Trade Idea with Key Fundamental Events:
Mon, Sep 25, 3:00pm: EUR German ifo Business Climate (85.7). Below previous reading. A decline suggests weakening business sentiment, supporting our bearish EUR view.
Tue, Sep 26, 9:00pm: USD CB Consumer Confidence (105.5). Slightly below previous data, indicating potential USD weakness, but in the context of our overall view, may only offer short-term relief for EURUSD.
Thu, Sep 28: EUR Inflation Data with German CPI and Spanish CPI releases. Both consistent with previous readings. They are unlikely to change the overall bearish EUR sentiment significantly. USD Final GDP q/q (2.2% at 7:30pm) is slightly improved, supporting the USD.
Fri, Sep 29: USD Federal Reserve Chair Powell Speaks at 3:00am. Speeches from central bank leaders can introduce volatility. Any hawkish statements can further push EURUSD down. USD Economic Indicators later in the day, including Core PCE Price Index, may offer additional insights into USD strength.
Conclusion: While some data points suggest potential short-term relief for EURUSD, the broader context remains bearish, given the overall scores and upcoming fundamental events.
Trade Idea for GBPUSD Bias: Very BearishTrade Idea for GBPUSD
Bias: Very Bearish
Overall Score: -12
Commitment of Traders (COT) Bias: -3
The Commitment of Traders
data shows a strong bearish sentiment among institutional traders. This suggests that those who have a deeper understanding of the market's mechanisms are heavily favoring the downside.
Retail Sentiment: -1
Retail sentiment
is somewhat bearish. Historically, retail sentiment can often be a contrarian indicator, so this mild bearish sentiment aligns with our primary view.
Seasonality: -1
The current time of the year tends to show bearish tendencies for the GBPUSD based on historical patterns.
Trend Reading: -2
The prevailing trend for GBPUSD is bearish, suggesting continued downside momentum.
GDP Growth: -1
The recent data indicates that UK's GDP growth is lagging, which can put downward pressure on the GBP.
Inflation: -2
The inflation situation in the UK is deteriorating, potentially indicating that the Bank of England might not be able to act aggressively to counteract this trend in the near term.
Unemployment: -1
The unemployment figures are not favorable, potentially leading to decreased consumer spending and putting further pressure on the GBP.
Interest Rates: -1
Interest rate differentials are favoring the USD. With the Federal Reserve potentially being in a more hawkish stance compared to the Bank of England, capital flows might be directed towards the US, thus strengthening the USD against the GBP.
Conclusion: Given the overwhelmingly negative scores across a range of factors, our trade idea for GBPUSD is very bearish. Traders should consider potential short positions, keeping in mind to manage risk through stop losses and regularly monitoring market conditions for any changes in these factors.
Bitcoin Short-term (Update)📈Hidden bearish divergence and strong BMS resistance led to the fall.
It seems that we are in for events somewhat similar to the previous cycle, a decline and a retest of resistance in about a month.
💡Also, if there is a consolidation near the local minimum, most likely we will take away liquidity from traders, but I would not expect a drop below 24k, I also think that the situation will improve closer to the middle of October.
CADJPY BUYS in play.CADJPY BUYS in play.
1. Potential Bullish Trend.
2. CAD is strong meanwhile JPY is weak.
3. Short term sellers pressure.
We are looking to go Long on this pair, As the price is heading towards the support and resistance zone. We will look for confirmations on the lower time frames.
Solana (SOL) -> New Altcoin SeasonMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Solana.
During the year 2021 we saw a crazy rally of more than 25.000% on Solana and since the beginning of 2022 Solana perfectly dropped more than 90% towards the downside.
Following this overall long term pump and dump trend I do expect another crazy pump after Solana broke out of the current triangle formation.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
BTC: Counting down the daysBoom4 is on deck! Looks like a fresh BITSTAMP:BTCUSD all time high Dec '24 and we top out Nov '25.
Top to bottom:
2013: 410 days
2017: 363 days
2021: 376 days
Bottom to new high:
2013: 771 days
2017: 732 days
2021: ~750 days (Dec 2024)
New high to Top:
2013: 297 days
2017: 329 days
2021: ~345 days (Nov 2025)
BTC Long, bottom or another bear trap?28.5k is the invalidation line for continued bull momo. Close below it on the dailv and I think BTC either sees another bear trap/ deviation to 26k followed by a bull reversal to 37k. If the bear trap is set it is extremely risky to play. If it fails, BTC could hit at least 23k for AUG and 20k to 18.8k for SEP because both are statistically red months during the recovery phase of previous bull runs.
However, there is a minor bull case for the bulls considering we are at the bottom end of a linear regression trend from the bottom at 16k to the current price.
Nonetheless, I do expect volatility soon.
Trades:
Trade 1
Long 28650, sl 28000, tp 30500, 32000, 36500, 40000
Conviction moderate. High chance of getting stopped out if 28.5k keeps getting tested and removing liquidity from that region.
Trade 2
Long 26300, sl 24000, tp 30500, 32000, 36500, 40000
Conviction high. Lowered chance of getting stopped out and if a bear trap were to occur, this is the ideal entry.
Trade 3
Short 30500, sl 32000, tp 28500, 26500 (close here if there's bull volume), 24500, 21000, 19500
Conviction moderate. Might get front runned ~29.5k. but use this trade as a hedge against another false rally that leads into a bear trap ~26k, or even worse at 20k if theres no bullish volume for the expected trap.
Oil price cycles and rulesWhere will oil prices go in the future? Oil prices are often affected by the moves of OPEC, Russia, and wars involving countries in the oil exporting alliance.
When looking at the large frame, we can easily see that oil prices usually bottom in January at the beginning of the year, and the cycle is every 7 years.
Temporarily take the recovery zone between Fibo 0.618 and 0.788 as the entry and profit taking zone.
In my personal opinion, in the next 10 years, oil energy will no longer be attractive or a popular energy source for humanity. Maybe factories and transportation will gradually change. from oil energy to cleaner energy for emissions into the environment.