Bitcoin highest monthly close ever Welcome fellow Tradingviewers,
This analyses is a follow-up from our BTC halving TA and the followup from that analyses analyses has proven to be effectious. (which will be linked in this analyses)
If you haven't already consider reading that analyses before going deeper into this one.
Since that analyses we are now on a 100 day streak above $10K and approaching new highs lets break down what the market is showing us.
In this analyses we are going to show you our view on the current market situation for Bitcoin .
We will be analysing BTC using a top-down strategy , including candlestick patterns , indicators and price patterns.
Monthly:
- This close was the HIGHEST CLOSE EVER for Bitcoin (By $20 on Finex)
- The monthly close was a bullish engulfing candle.
- Breakout immenent, with breaking ATH close price.
- We are still above all moving averages.
- Volume keeps increasing.
- Higher High seems immenent.
- Bullish MACD
Weekly:
- We closed the weekly as a bullish engulfing candle.
- We still have the strong trend from the W formation on the MACD.
- The MACD is bullish and shows strength.
- We are well above all MA's
- Volume increasing
- Forming a Higher high according to analyses one.
- We closed well above the 0.618 Fib. Level.
Daily:
- We closed the last daily candle as a bullish engulfing closing above $14K!
- Clearly closed above the 2019 high.
- The MACD is bullish.
- We are well above all MA's
- Volume increasing.
In summary:
Things are looking very Bullish for Bitcoin, the highest monthly close ever could result in heavy buying pressure from retail, smart and institutional money. We have seen crazy adoption by companies as microstrategy, paypal and square in the last couple of months. More companies will follow and with a graph like this we can only start to imagine what kind of companies/funds these are going to be. We ofcourse do not want to fall for FOMO and therefore we need to keep our vision clear. The still undicided elections are also things to take into account, this can create chaos in all markets including Bitcoin and while Bitcoin investors are mostly in GREED mode it will not be completely unreasonable to think about a pullback to squeze out the high leverage Long traders at the moment.
But for now there are very little bearish signals from our perspective, support levels are also located in the chart.
The lack of trading patterns is worriying making it difficult to set up targets on the current rise for the long term. If you disagree and see a price pattern, make sure to leave it in the comments with according targets!
We broke above the 0.618 FIB. Level which has historically been a important price for Bitcoin. The next aim from here would be the 0.786 located around $16300.
So we broke out of the downtrend and are forming the higher high that is going to move Bitcoin to higher grounds.
This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!
Kind Regards,
Frank | Forallcrypto
Trump
Fundamental Analysis !! What Will Happen To USD ?! IF Trump Win ? If Biden Win ?
What Will Happen To Gold And USD
-- IF Trump Win :
We Can See USD Weak >> So We Will See Gold Up
---------------------------------
-- IF Biden Win :
We Can See USD Strong >> So We Will See Gold Down
Trump Win : GBP/USD -- EUR/USD -- XAU/USD Will Up --- USD/CHF -- USD/CAD -- USD/JPY -- Will Down ...
Biden Win : USD/CHF -- USD/CAD -- USD/JPY -- Will UP ... GBP/USD -- EUR/USD -- XAU/USD Will Down ---
For More Please Text Comment ♥
Fundamental Analysis !! What Will Happen To USD ?!IF Trump Win ? If Biden Win ?
What Will Happen To Gold And USD
-- IF Biden Win :
We Can See USD Weak >> So We Will See Gold Up
---------------------------------
-- IF Trump Win :
We Can See USD Strong >> So We Will See Gold Down
Biden Win : GBP/USD -- EUR/USD -- XAU/USD Will Up --- USD/CHF -- USD/CAD -- USD/JPY -- Will Down ...
Trump Win : USD/CHF -- USD/CAD -- USD/JPY -- Will UP ... GBP/USD -- EUR/USD -- XAU/USD Will Down ---
For More Please Text Comment ♥
SP500: A WORD OF CAUTIONA massive spike in stock prices has occured this week, rallying towards the upper trend line of the September wedge.
Unless both sides of the US elections will accept the result soon, be careful in this market. If there's one thing that investors dislike, it's uncertainty.
With Trump already questioning the results beforehand, chances are that the stock market will face massive swings. Expect a lot of volatility in the coming 2 weeks!
Stocks Reeling from Election UncertaintyThe S&P has whipsawed to the extreme even for this product. It has spanned 100 points in the course of several hours which is a degree of volatility on par with oil. The lack of a clear winner in the US elections is clearly to blame here, but it still seems as though the markets are betting on a Trump victory. We have miles of recounting and lawsuits, as neither side will let this one go easily. I'd stay out of the markets until this resolves. However, as we recommended before, buying at lower levels is a great idea especially if you are adding to a long term portfolio. The levels 3329 and 3343 stand out recently, but if troubles persist, we could feel out the bottom of the range at 3241. It would be very unwise to fomo into a trade at this point.
USDCHF H4 - NeutralUSDCHF H4 - A snapshot example of the election impact on USD and risk pairs, technical structure holding, but that's nothing to base a trade off during these times. Much of TA on other pairs aren't infact holding. Wicks upside, wicks downside with no clear direction, and we are yet to decipher market direction until more clarity comes to the surface. I'll provide a summary on all headlines probably around UK lunchtime, there is some eastern headline catching up to do, plus getting ahead of todays headlines too.
TRUMP vs BIDEN : Learning BULL & BEAR Flag patterns.The Trump & Biden win Cryptocurrency tokens on the FTX exchange is giving us a great gouge of the Crypto community sentiment towards the two candidates. We are also see a perfect example here of the Bull & Bear Flag patterns with Trump showing the bullish version & Biden the bearish.
Some key points about BULL & BEAR FLAGS:
• BEST ENTRY IS often when price fakes out under support or above resistance
• MIN 2 Touches each side
• PRICE MUST MOVE STRAIGHT UPor DOWN BEFOREHAND (or it is not a true flag pattern)
• HIGHEST SUCCESS RATE of any chart pattern
To identify a Bull or Bear flag pattern the first key characteristic is the FLAGPOLE. The flagpole is usually a staight upwards or downwards move, if the flagpole is not abnormally straight upwards/downwards then it is probably a poor example of the pattern.
Price should then consolidate in a parallel channel (it can be sloped), this is the “flag”. The flag is a pause in the market before a up-move or down-move and we measure the flag pole for a possible price target. Bull & Bear Flags according to backtesting have the highest success rates out of any chart pattern - success rate being when they hit the potential measured move (the original flag pole height is measured, and added to the swing before BREAKOUT for a possible price target as shown in the diagrams).
The first entry is on the 4th touch of the pattern. It is also common for these patterns to have a THROWBACK (also known as bullish/bearish retest) before continuing in the direction of the breakout, this is marked as point (B) on the chart and the second entry point.
Look for bull flags forming on top of long term resistances (not below) and the opposite with long term supports on bear flags to increase probability of success also.
More information on the TRUMP & BIDEN tokens:
help.ftx.com
More information on Bull & Bear Flags from the legendary Thomas Bulkowski:
thepatternsite.com
A example of another Bull Flag Pattern for comparison:
If you enjoyed the insight dont forget to leave your comments and hit like thank you!
Trend in EURJPY The next American president is currently being elected. In the coming days we will find out who he will be, but the movements have already begun. Expect big fluctuations!
During this time we see a very good trend of H4 of EURJPY, which should continue its downward movement.
The first support is the previous bottom at 121.76, In case of a break we expect the price to reach 120.10
You can enter after seeing a break in the previous bottom. In this way the trend will be confirmed.
Successful trading!
To support us, like and comment!
US30 LONG *UPDATE* Indices... what a scary thing. Especially for beginner traders (be cautious)
Election Day personally I would stay away from the markets but this trade was beautiful and extremely simple. Enjoy your evenings fans love all 3 of you??
DXY The dollar collapsesWelcome Back.
Please support this idea with LIKE if you find it useful.
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The dollar will fall very strongly because it is now at resistance and needs to reach the support that I have set for this ultimate goal.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
2020 US Election Indicator (November 3rd 2020)November 3rd 2020 USA Presidential Election (S&P 500 Incumbent Winner Indication)
Alright, it's time for the showdown! It's finally November 3rd 2020 and we find out more tonight!
Will the S&P 500 close over 3288.3 points today? If it does, it should be expected that Trump is the winner of the 2020 USA presidential election, but if we sink below 3288.3 then there is a chance that Biden wins.
My original forecast for the election before seeing any of this data was for a Trump win as well, so it just feels like everything has come together to signal his win even if last minute. Considering polling and contrarian indication, Cindicator's hybrid artificial intelligence projecting a 60% chance of a Trump win, failed impeachment, and all the October email scandals since 2016, I am under full belief Trump will win, even if by a close measure.
This is an election indicator that has been historically accurate 20 out of 23 previous election analyses. I've been seeing some articles that say Biden is signaled to win because of the downtrend we had over the past few weeks, but that was before a few days ago when we hit a trend reversal, and started pulling back over August 3rd 2020 S&P 500 levels.
In 2016, the S&P 500 dropped -4.79% over the 3 month period from the open of August 3rd 2016 to market close of November 3rd 2016. As of right now about an hour before market close, we have reached a high of 3.08% since August 3rd 2020, and we are still in the positive above the 3288.3 points. We could end in the next hour around 3360-3370 points, and that would be an incumbent win as per the election indicator rules.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
The birth of fresh weakness📌 Here we go for the main event...
To illustrate the spillover effects between US and the rest of the board, we are going to use AUDJPY. This is absolutely going to be a long night, and of course, I wish it was over with already. Trump should, as has been emphasised several times, come out on top. What would be the significance of this move? Well, it renders the risk-off crowd totally mobile as it will be contested. To the other side, a Biden victory has somehow been taken as positive, let me point out the tax hikes that shall come back and will be really damaging.
SELL AUDJPY @ 75.00 | TP1 73.9x | SL 75.6x
Using JPY as 'defence against the dark arts' of politics tonight for multiple protection angles, in fact it puts the dark arts in the spotlight; protecting AUD outflows and JPY inflows are going to get in each other's way!
USDCAD BUY (Signal #4)This is on the 4H chart, and we can see a strong support.
Take a look at the chart:
1. Price fails to break support
2. Fails again
3. Breaks support
4. Retest
It couldn't get simpler than this, a simple break and retest on the 4H chart for USDCAD, with great upside potential and R:R. The US election on November 3 could completely disregard our technical analysis and unexpected moves will happen. Due to that reason, I will not be taking this trade personally. In the event that Trump gets elected, this trade will hit TP almost certainly. If you decide to take this trade, use very low risk.
Entry Price: 1.32590
Take profit: 1.33557 (100)
Stop loss: 1.32058 (50)