WAR
BTCUSDT - WEEKLY Close 3/6/2022 (15min chart)Potentially seeing a falling wedge crossing over supply zone @ 38k following from a inverse head and shoulders breaking through 42.9k and falling into the wedge for another break out towards 45k at top of wedge.
1min (falling wedge) / 15min (Head and Shoulders)
not to add, been making H/L's ever since we wicked 35k
of course crypto is manipulated so this chart could mean nothing lol.
Russia is about to invade Ukraine! GBPUSD(1D) Feb and March 2022The Russian troops have been deployed on the Ukrainian border in more than a dozen strategic locations. For weeks, Putin and other Russian officials have held the narrative that NATO is a threat to their security and they don't want to see it expand in the area anymore. It seems there is a need for a catalyst, aka Ukrainians are throwing missiles into pro-Russian kindergartens and schools. Subsequently, I suspect Russian troops will invade Ukraine as early as the beginning of March; due to the more favourable climatic conditions.
A war in Europe will negatively impact currencies like CHF, GBP and the Euro.
THE POSSIBLE LATEST HIGH OF THE GOLDHello traders,
Thanks to the Elliott Waves analysis, I have discovered a BIG correction phase dating from the beginning of September 2011, and that we might be experiencing one of the last highs of the XAUUSD.
Even though I know we are in the situation of a war and that gold is taking a lot of value, i would say that it can be overvalued and therefore we could drop after attaining the 1985 dollar as a maximum objective and then drop HARD.
Additionally, next week will be the results of the Initial Jobless claim; Core CPI YY, NSA*; Core CPI MM, SA*; CPI MM, SA*; CPI YY, NSA*; and JOLTS Job Openings*.
Have a good weekend.
BTCUSDT - LAST LEG UP TO ALL TIME HIGHS - 80K+ [2022]Long term up trend was broken @ 24,295
Grabbed support @ 29.2k then bounced to ATH's
Sort of looks like a double bottom currently on this new trend line that was once resistance and broken @ 19.7k.
Double bottom (Eve & Adam which is a higher low DB) isn't yet confirmed, will need to close green above 45.8k on the weekly.
If confirmed the completed db pattern will test it left leg @ 67.5k, from there ATH's will be tested, not 100% positive we will reach above 69k but 67k - 70k will be tested for sure if DB is confirmed.
KEY notes:
$38,8xx - btc has broke and bounced off this price area before reaching 69k ATH ! on july 26, 2021
currently we are hovering just below that price range and on this weeks candle close, if we close above this price specifically $38,888, history will repeat it self.
currently in a strong up channel making HIGHER LOWS! respecting the up channel trend lines. Price action also is getting smaller and smaller and seems to be reacting to a rising wedge closing in right above 70k area. Currently at a low, which will probably test the next high before crashing to LOWER LOWS! which indeed will bring btc to 70k+ for its last leg UP.
if this weeks candle closes above previous star wick @ $40,348 this will be a morning star candle pattern which will give us a run up and confirming the potential double bottom pattern (Eve & Adam aka H/L DB) - and DB pattern will test its left leg down coming from 69k !
CHFJPY in 15mBecause the effects of temporary ceasefire in Ukraine war at the opening of the market we had 2 scenarios.
1: Gold may react to last top 1974.0 area so it will fall and as a result we can see CHF falls too. Therefore in the beginning of the market FX:CHFJPY may rise a little before his collapse.
2: At opposite of the above, FX:CHFJPY may fallout exactly at openning.
So, I believe strongly in bearish FX:CHFJPY .
Attention: War news at weekend may affects!
EXTREME FEAR BUT BULL RUN?Weekly Time-frame
Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish. We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead.
1D Time-frame
We are back again to crossing the March 14 Ichimoku Cloud. It can punch through anywhere in the cloud but the March 14 is the easiest way to break through. We are still printing higher low and we need to hold the line or else Bitcoin will have hard time again breaking to the upside. Red volume in Awesome Oscillator (AO) means we are in correction from the pump, looking forward for it to print Green Volume in the following days.
4H Time-frame
We are now below the cloud, crossed from the thinnest part of the cloud. Support area is found through our Volume Profile Visible Range (VPVR). If $38,648 is broken, we will expect more downside. If it holds, then expect it will be the bottom and start pumping again. The next support to continue the up-trend and higher low is in $38,328, $37,758.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Bitcoin losing strength.Bitcoin: After an initial pump, we didn't have enough buying volume to break the resistance from the previous top, and we could see a return to the 35k-40k accumulation range.
The world scenario is one of extreme caution, which will make the whales swim in depth, awaiting a definition of the scenario.
MONEY FROM WAR? / NO, WE INVEST IN PEACE 🕊️☮️₿War profiteering
A war profiteer is any person or organization that derives profit from warfare or by selling weapons and other goods to parties at war. The term typically carries strong negative connotations. General profiteering, making a profit criticized as excessive or unreasonable, also occurs in peacetime. An example of war profiteers were the "shoddy" millionaires who allegedly sold recycled wool and cardboard shoes to soldiers during the American Civil War. Some have argued that major modern defense conglomerates like Lockheed Martin, Boeing, BAE Systems, General Dynamics, and Raytheon fit the description in the post-9/11 era. This argument is based in the political influence of the defense industry, for example in 2010 the defense industry spent $144 million on lobbying and donated over $22.6 million to congressional candidates, as well as large profits for defense company shareholders in the post-9/11 period.
International arms dealers
Further information: Arms Industry
Others make their money by cooperating with the authorities. Basil Zaharoff's Vickers Company sold weapons to all the parties involved in the Chaco War. Companies like Opel and IBM have been labeled war profiteers for their involvement with the Third Reich. In the case of IBM they developed technologies that were used to count, catalog, and select Jewish people whom could then be targeted for efficient asset confiscation, consolidation in ghettos, deportation, enslaved labor, and, ultimately, annihilation.
Commodity dealers
War usually leads to a shortage in the supply of commodities, which results in higher prices and higher revenues. When it comes to supply and demand in terms of economics, profit is the most important end. During war time, "war-stuff" is in high demand, and demands must be met. Prior to the invasion of Iraq in 2003, oil production was controlled by the Iraqi government, and was off limits to Western companies. As of 2014, foreign owned private firms dominate Iraqi oil production.
WE INVEST IN PEACE 🕊️☮️₿,
The FXPROFESSOR
180$ for barrel?! What will happen with Oil Price during WarOnly peace will save us - as one proverb says. But is it really the case with the oil price? The war in Ukraine and the turmoil over Russian oil are shaking the markets, so we have to look at the situation from several perspectives.
the nearest option resistance is at USD 120
we have a lot of Virgin VPOCs below the current price, which theoretically should act as a ballast inhibiting further increases
in the background the risk of the imposition of further sanctions banning the import of Russian oil in individual countries
ignorance of OPEC at the last meeting - political and supply turmoil around oil and the session ... lasts a record 13 minutes without mentioning the oil supply limitation by one of the key OPEC producers!
The situation becomes even more interesting if we see where the funds are located on the Options from the Expiry Date in mid-April 2022 - the resistance (i.e. investors place money on CALL options) with a record high turnover is ... the level of USD 180 per barrel! At the time of writing the analysis, we have as many as 4241 options there. Even at the next expiration of options in mid-March (little time until Expiry), we can see the capital shifting towards $ 140, where levels of $ 100-110 were staked at the beginning of the war in Ukraine.
The options market often brings information well in advance. Get an edge in trading today with access to daily analyzed levels and option data from multiple instruments. The inquisitive will find a link to the page where the results of trading with the use of tools and option data are presented, as well as information about the mechanics of the market available for free.
And what are your expectations for the coming weeks ad. oil prices? I'd love to hear from you!
GOLD LONG TO 1982This here is my long analysis towards 1982 & possibly even towards the 2015 on Gold. As we have seen Gold has been in a huge bullish cycle since February 2022. So far by the looks of it, Gold has completed Wave 3 of the Elliot Wave move & hit a peak of 1974, followed by a 1000 PIP drop down to 1878, which would count as Wave 4 if this analysis is correct. We are now seeing Gold make its way towards 1982 in a 3 wave phase (A,B,C pattern) in order to complete the final wave which is Wave 5.
I had called this bullish move back in February in the Market Breakdown Report for my investors and we have so far profited from it. On the daily TF, we have also now seen all the imbalance filled that market created during its drop in 2020 and 2021.
I will be catching this move on behalf of myself & my Account Management investors. All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know what you think!
EURGBP: More Pain Ahead For The EURO ? With Risk OFF mood especially hitting both EUR & GBP hard, it is well known that the common shared currency EUR has more painful future compared to the GBP!
Here we look at the weekly chart that might support our view on this. First and most important step would be for the weekly candle to close below 0.82900 major support. By doing so, it would ensure a major long term support break and thus opening door to the next support that lies at 0.8000 region. After the break is confirmed, a short trade can be evaluated based on the risk to reward and executed.
CHEERS
UPTREND RESUMPTION: USDJPY LIKELY TO BREAKOUT FROM CONSOLIDATIONSince COVID-19 crisis eased around the globe from last year, we have seen a RISK ON mood in the markets thus propelling USDJPY to its recent highs! However at the moment the crisis between Russia and Ukraine has given this pair an excuse not to go higher. The safehaven status of the JPY is preventing this pair from heading higher and therefore we can assume its just consolidating at the moment.
With both USD & JPY being SAFEHAVENS in this scenario, we can expect the USD to win here. The reason being the FED is continuing to hike interest rates and inflation is at all time high. The tightening OIL supply also would just add to the inflation woe, thus putting pressure on FED to keep track on raising rates.
SIMPLY ON TODAY'S TERMS, THE INTEREST RATE DIFFERENTIALS BETWEEN THESE TWO SAFEHAVEN PAIRS WOULD LIKELY CAUSE USDJPY TO BREAKOUT AND HEAD TOWARDS THE LIKELY LONG TERM TARGET OF 118.000 LEVEL
CHEERS
147 Million Liquidated Fear or Bullish?Weekly Time-frame
We are again inside the cloud.
We are expecting more to the upside for this weekly candle as it open a green volume from the Awesome Oscillator. Support at $43,440 to $42,010. We need to hold this support to keep the momentum to the upside.
Bullish RSI.
1D Time-frame
We are currently printing a Retracement Candle, bearish Harami means we can expect a red candle for today. Our Awesome Oscillator is still Bullish though so we can expect a long wick to the upside before we continue with the retracement to the downside. Watch out for Stop Loss Hunter at Support level $43,310. Yesterday we got an exact rejection in our EMA 144 which is in $45,360. We shall see a retest to this resistance, it’s forming a flattening slope which means we are experiencing weakeness. Don't trade against the upside trend, just wait pass the Retracement then ride to the upside.
4H Time-frame
Support area of $43,518 is good to open long position if it breaks then expect a drop more to the downside. RSI is not overbought anymore so more area to go to the upside again. 39 Greed & Fear Index means the market is in Fear. We can expect its momentum continues to the upside.
147M of long position got liquidated, giving us bullish sign since market becomes free sky (no celling ).
www.coinglass.com
We are still waiting for the breakout from the Double Bottom. and our Awesome Oscillator has not shown a sign of reversal yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Ending of the 14-years growth cycle Japanese stock marketHi there!
As you can see on the monthly time frame the index is consolidating in a narrow range of distribution. Also, you can see the triple divergence on RSI (monthly timeframe). The five waves of Elliott also have finished.
Fundamentally, Russian aggression in Ukraine can probably provoke a supply crisis in the whole world. In the worst case, this conflict can go out of Ukraine. No good news dear reader, but this is a reality and all we can do is to accept it.
If you have something to write about this idea, do not hesitate to do this. Stay safe! Bye!
Gold. The 10-year-old pattern will now get a reason?Anyway, the pattern that has been going on for 10 years and the war starts right at the moment when the pattern breakout has to come seems to me the whole situation is fake and setup in advance.
GOLD - All the way up!-First, let's start with the technical side of this matter, and highlight the fact that there is a cup and handle structure formed upon GOLD.
-Second, let's talk about how Russia is thinking about buying more gold, simple logic, demand-supply!
-Third, Fear! It is high and it is deteriorating the market while appreciating the value of gold.
-Fourth, uncertainty, war is here, it will be here for a while, stocks are uncertain, they fail to rise, so what else to buy other than GOLD.
-Oh yeah, BTC is rising as Russians are blocked or have their assets frozen, of course, BTC will go up guess what all these oligarchs and Russian politicians are using right now. But it is more of a temporary catalyst rather than a long-term. Gold still stands more stable.