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Weeklyoutlook

23/10/23 Weekly outlookLast weeks high: $30629.8 Last weeks low: $28832.6 Midpoint: $27035.3 Bitcoin finished the week with a massive 11.1% increase and a weekly high of 13.28% greater than weekly open. The way in which BTC had that huge initial gain at the beginning of the week was due to Cointelegraph issuing a false report that the Blackrock ETF had been approved when in in fact it's still under consideration with the decision deadline in March '24. This false news created a large wick, and the majority of the time wicks get filled, in this case price slowly and consistently filled the wick over the remainder of the week. We are now looking at a possible SFP of this local high given at 30600 from that early week wick. Price has broken out above and is now back under. For this mini rally to sustain itself price can not be accepted under the red trendline in my opinion. Maintaining bullish price structure going into the heavy resistance area of 32k is key if this rally is to continue. I still think there is one last crash just to truly crush the impatient and for smart money to load up for the bullrun ahead which is almost in site now.
by ProR35
Weekly Bias for SPX - 10/1/2023Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low. Traded into a +POI (W+FVG), wicked near MT at 4236.6 Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A bullish scenario would need to be revisited Daily Chart: Price took out the PWL and set a low on the Daily in the W+FVG, however, price bounced from the area without making a new high. This is logic to stay on the downside for now. Another thing to note, Friday's close is at the mid point of the weekly range, Weekly high 4347.4, Weekly Low 4243.2, and Weekly mid point 4295.3, finally Weekly close/ Friday closing price 4295.3. Daily idea: Because of the close and the price failing to make a new high this give reasoning to at least look for the price to take out the PDL and -LP ( $ trend line liquidity) with best case scenario, price taking out the PWL. A bullish scenario would need to be revisited 4H Chart/Idea: We have a 4H-OB and 4H-FVG, one the LTF, do we have price return to mitigate this area? The +breaker is hold price up for now and this will be the first thing that I look at for a response of what price decides to do. The low was made in a +POI, a +OB but will it hold?
OANDA:SPX500USD
by Cory4rex
02/10/23 Weekly outlookLast weeks high: $28351.8 Last weeks low: $27165.3 Midpoint: $25978.9 As September and with that Q3 comes to a close BTC saw a late price rally of 4.4% in a single hourly candle to finish the month strong. Going into Q4 I still expect a sell off and revisit of the yearly open. With credit card debt at levels comparable to that of the 2008 financial crisis, as well as a 22-year high for FED interest rate, no confirmation of ETF approval and still 6 months out from the halving. These points all lead me to believe there will be one final flush out. For this week I'm looking for weakness in BTC to potentially go short, however the stop loss would be tight. 32.5K is still a massively pivotal and would be a key area to watch. ALT's such as LINK have served as a top signal for BTC in the past, currently LINK has rallied 40% in the last 2 weeks to reach local high, if the pattern stays true then that could be an early sign of where the rest of the market will end up in the coming weeks.
by ProR35
Weekly Bias for DXY/GU - 10/1/23Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and the YOP which may be a tough task. Weekly Idea: DXY's strength be the thing I'm watching. This is a good area to fall from and that will spring GU to the up side. A fall lines up with the YOP holding price up on GU. However, if we take out the high on DXY, GU reaches into the YOP Daily Chart: The first draw is the PDH on DXY and the PDL on GU. We will need to pay attention to how the engulfing candles made on Thursday on DXY/GU are handled and this will be a range that the LTF will need to deal with. 4H Chart: DXY has a small 4H-FVG but the one above it is the one I'm interested in. The PDH has already been taken out and the response to the highs are what I'm looking for. On GU, the PDL hasn't been taken yet but its at risk so, I'll be looking at how price reacts to all of the +POIs (D+FVG,4H+Breaker, and the 4H+FVG, 4H+OB). If DXY fails to push through PDH, well look for price to trade into the 4H+FVG and and the same time I'll be looking at price inside of the 4H-FVG on GU.
by Cory4rex
Weekly Bias for Nas100 - 10/1/2023Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8. Weekly idea: Price took out lows into the W+OB but for now there is a W+FVG below that may be the target. If we take out the PDL, this will be my target into the the W+FVG(H) near 14232.7. In order to turn bullish I will need to see a high taken out and I'll want to see what price does inside the W-FVG. Daily Chart: Price traded into a D-FVG and set the high near the D-FVG (MT) and left a huge wick with a Friday close near the Mid point of the Weekly range. We took out the bearish engulfing made on Tuesday but by Friday we traded back into it. Daily Idea: Price leaving that large wick will cause for me to look at how price response to the close, middle and high of the candle. Do we fail inside this wick or take out the high? This is the question I'll be looking to answer. If we fail, I'll be looking to take out the PDL and THURS PDL. If we take out the high, price should close the D-FVG and trade into another D-FVG just above (not drawn) with the low near 14974.1. 4H Chart: Price left a 4H-OB inside the daily wick and the low was made inside a 4H+FVG(H) 14661.5. There is a +CHOCH above THURS PDH and the this is my hesitation to go full on bearish on the short term. There is also a 4H+Breaker that Friday could not take out as well. 4H Idea: I want to see if price will take out the 4H-OB or the PDL
FOREXCOM:NAS100
by Cory4rex
25/09/23 Weekly outlookLast weeks high: $27490.1 Last weeks low: $26897.7 Midpoint: $26305.4 Despite several big news events relating to the FED funds rate, CPI & PPI, we saw a much tighter range last week than the week previously. We're already trading lower than last weeks low and confirmed as resistance with a bearish retest. It is interesting that the news events that used to give us such volatility are now barely noticeable on the chart at all. This leads me to believe we're in the later stages of the bear market, where the speculative investors traders are no longer interested, the market makers are not interested in trading news events that are risky and therefore we have almost a stalemate in price action. When an asset like BTC fails to have buy side pressure/volume then price will naturally creep lower to find buyers, this is basic supply and demand and the reason for my prediction that we'll see a retest of that yearly open price around 19k in my opinion. By that point smart money will look to catapult BTC back towards ATH over the next couple of years. Survive the next 6-9 months and the patient shall be rewarded, we see it with every cycle.
by ProR35
18/09/23 Weekly outlookLast weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision has been priced in IMO but that doesn't rule out any potential whipsawing in the minutes up to and following the decision, we also have the press conference that can give some volatility too. However, if last weeks news events are anything to go by the volatility will be low compared to previous FOMC's. The bigger picture plan stays the same for me, I do think we're moving towards that yearly open retest before thinking about the run up to the halving and the bullrun beyond. A retest of 28k resistance with a bearish reaction off that level would further add confluence to this idea. As for now staying patient and looking for opportunities outside of the choppy price action.
by ProR35
11/09/23 Weekly outlookLast weeks high: $26451.2 Last weeks low: $25896.7 Midpoint: $25342.2 For the previous few weeks we have seen a very similar price action pattern. Hugging the midpoint of the previous week with a midweek swing t create the high and low. This week could continue the pattern. However, I think the Solana FTX fears could have an effect on Bitcoin, when usually it's the other way around and Bitcoin has a knock on effect with alts. For me we're still on track to retrace to yearly open before the run up to the halving and the bullrun. 26k --> 19k --> 60k
by ProR35
04/09/23 Weekly outlookLast weeks high: $28152.7 Last weeks low: $26737.6 Midpoint: $25322.5 When compared to last weeks outlook, we had what basically looked like a heartbeat monitor in price action. A flatline with a big pulse in the middle of the week from the midpoint then to weekly low, then high then straight back to the midpoint. Now when looking at the previous weeks price action it's very similar only the price action is hugging the 0.25 line before a huge pump on the news of the Greyscale win against the SEC, we fully retraced and some to print the low of the week. From a macro perspective, I am still bearish for the time being until proven otherwise, that would be if we finally take out 32.5k convincingly. On the higher time frames we have a lower high and lower low structure, textbook bearish. Not only that, what worries me is how quickly we are retracing good news pumps. Big money seems to lack conviction at this point so for now pumps are for fading. I still think we see 19K again by the end of the year. September follows a similar historical return as August, generally negative when not in a bullrun year. For now I'm just monitoring, If I'm looking to go short I would do so on a swing fail pattern of the midpoint.
by ProR35
29/08/23 Weekly outlookLast weeks high: $26824.0 Last weeks low: $26045.0 Midpoint: $25266.0 The weekly outlook starts on Tuesday this week due to the bank holiday. Despite a strong decline 2 weeks ago price has stabilised into a much tighter spread, almost like a sinewave across the midpoint. Because of this for me personally there is no clear near term direction, however the longer term direction would seem to be bearish thinks to that new lower high after the pullback. We'll know for sure once a new lower high is posted. If that happens, I would expect most of this years progress to be retraced back down towards the 19k area by the end of the year/Q1 2024. For now there is not a lot to do as LTF chop is very difficult to navigate currently.
by ProR35
21/08/23 Weekly outlookLast weeks high: $29678.9 Last weeks low: $26943.6 Midpoint: $24208.4 August so far has been living up to it's history of being a red month. Last week we saw price fall ~18.45% from weekly high to low, filling in the fair value gaps from the previous HTF rally and printing a new 1W lower high for the first time this year. Now that the FVG has been filled and a bit of volatility reintroduced into the market the next move is very important. For BTC to stand a chance in the near term I think the bulls need to reclaim the 1D 200EMA very quickly. Last weeks midpoint at 26942.4 is also approximately at the 1D 200EMA. However, If price rejects off that level when retesting it then I do think price will slowly find itself tending towards the yearly open of around 19k.
by ProR35
07/08/23 Weekly outlookLast weeks high: $30039.5 Last weeks low: $29299.0 Midpoint: $28558.5 Historically, August has not been a very bullish month for bitcoin and crypto as a whole. Other than 2013, 2017 & 2021 (Bull market years) August has had negative ROI. The pattern shows that since 2013, every 4 years bitcoin has a positive monthly return coinciding with a bull market rally. If we were to apply this pattern to future returns, 2025 should have green August thanks to a bull market. We already know that the halving is taking place somewhere in Q2 of 2024, the US election in Q4 2024 along with potential BTC ETF's from Blackrock becoming closer and closer to reality. 2025 Could be a very strong year for the crypto market as a whole. In the short term, the way price has been behaving in recent weeks I would struggle to see why this August will be any different. For many weeks now I have believed that the target of 26.5K is in reach for the bears, approximately -9% from current price and when not including bull market years the average % return for the month is -9.8%. 2018's august returned -9.27%.
by ProR35
24/07/23 Weekly outlookLast weeks high: $30408.4 Last weeks low: $29885.7 Midpoint: $29363.0 For the first time in 4 weeks BTC has begun the week below 30K. The last time that happened price was at the ~26.5k but had a bullish momentum behind it. This time is different, the SEC Vs Ripple case (despite its positive outcome) has completely given up its gains and returned to the lower boundary of this long term range. A range that is becoming very compact in this previous week. The story is still the same in my opinion as it has been for some weeks now. 32.5k is still the target for the bulls to grab supply. The bears are looking to fill the large FVG all the way down to 26.5K area. In conclusion: IF price gets to 32.5k --> SFP back into range --> Short IF price gets to 26.5K --> Shows strength --> Long back up to local highs That's how I'm looking at this market, the chop is not very profitable right now for me.
by ProR35
17/07/23 Weekly outlookLast weeks high: $ 31843.6 Last weeks low: $30858.7 Midpoint: $29873.8 Post CPI week and BTC finds itself back within the same local range despite some very positive news coming from the SEC VS Ripple case. Alts rallied upon the news but BTC was capped at 31.8K, still short of the 32.5k target. I do believe that was bitcoins best chance to break above the range, the daily close on Friday 14th was a bearish engulfing and that is a worry for the bulls as all the progress from the SEC news got retraced and some... This could be the start of bitcoin unwinding should we lose the range bottom around 29.5k, the target would be to fill the inefficiency FVG around 27k before another attempt at that local high.
by ProR35
26/06/23 Weekly outlookLast weeks high: $31443.0 Last weeks low: $28847.4 Midpoint: $26251.8 BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K The news of a Bitcoin ETF cancelled out the SEC & Binance news, this week is very important for the crypto market in general. With consolidation under the local high it's gearing up for a push above to take out that liquidity above 32K. After that we have a large FVG near the 0.25 (27.5k) area that could require a revisit before continuing this bullish trend. There is a bullish orderblock at last weeks midpoint and that would be a healthy correction after a large rally. from there we can plan for what happens next.
by ProR35
DXY Weekly OutlookWeekly Timeframe - DXY tapped the Weekly Fair Value Gap & 0.5 Level of the whole move. - As Per 37 Year Seasonality chart, DXY will go to tap May Highs & Weekly Liquidity Upside. Daily Timeframe : - On Daily time frame withing the Weekly FVG, we get a Daily Orderblock. - This orderblock is acting as a support and price is giving a good reaction from the orderblock. - So far Price stays above this order block, expecting the price to move towards 104.699 - 105.883 Levels. 12 HR Timeframe This chart is from the perspective of Pattern & Elliot Wave Count. - On 12 HR it's forming Wave 4 Bull flag with ABC subwaves. - Breakout from this bull flag will confirm that the price is heading for the extended 5th Wave.
TVC:DXYLong
by HexCapital
$EURUSD Possible 5:1 Scalp *SMC**SMC = Smart Money Concept. See related Ideas* It's showing willingness to go to buy side on a Tuesday meaning this could make the high for the week. I put the entry as now, put the take profit near the current high could be below, and the stop loss at the xurrent low minus the average true range and you'll get 1.88. I believe this should result in a winning trade if not at least 30 pips. even though I think i have it much more than that. Good Luck! OANDA:GBPUSD MOEX:GU1! TVC:DXY
Long
by BodiesXWix
2
XAUUSD - 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
OANDA:XAUUSDShort
by Tradelikemee
GBPJPY- 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
🧩WEEKLY OUTLOOK: GOLD, EURUSD, GBPUSD, US100🧩Thanks for sending your pairs and taking part in this profile's life :) Here's the weekly outlook 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
by Yelli_trades
10
🔍WEEKLY OUTLOOK. Majors, BTC, XAU, OIL. Multitimeframe.☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
BITSTAMP:BTCUSD
by Yelli_trades
9
Nifty 50- 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:NIFTYShort
by Tradelikemee