CADJPY has broker the regression to the short side. It is at the bottom of the consolidation - I will not take this trade
In the first half of last week, price got stuck below ~97k resistance, before breaking higher on Thursday and Friday. However, price broke back below and is currently stuck below the same resistance. I'm looking at the 98.2 npoc for a potential short and tp for longs, but I'm not seeing a long trigger yet. Price broke down further and is now bouncing on D1 EMA 100, then rejecting again on previous day low. All put together we can see last weeks Thu-Fri price action as a deviation powered by MSTR buying, without whom price continues to drift lower. A quick flush to 85k would be good for price to establish new value and find potential new buying interest, I will be a buyer there.
The main focus in the S&P 500 daily chart for Wednesday will be the Nvidia results. The expectation is that Tuesday will be the set up day for Wednesday’s announcements. This means the expectation is not for a large movement to the downside on Tuesday in the S&P 500. The next objective to the downside is 5970.
Good evening everyone as you can see we have a classic Shoe Pattern sell signal forming on the Bitcoin eight hour chart. Naturally, shoes want to step on the ground, and anybody who might be hanging on underneath. This appears to be a classic Docker with full leather upper and potentially a steel toe. Please take appropriate action. And while I'm confident bitcoin is coming down, this is not investment advice, it's a drawing of a shoe. But as you can see, the shoe fits.
EURUSD in a corrective wave after completing the wave
My last post I initially thought we could be in a Contracting Leading Diagonal. Upon studying the initial bounce we got from the liquidation event. It looks like an Expanding Leading Diagonal. We have been in this "chop" which looks like a Flat in the Wave 2. I currently have buy orders around the $2.00 mark. If you have any questions feel free to reach out GOD BLESS AND TRADE ON
Just wanted to reiterate our red line ($99.6k) and green box ($91.6-$92.8k) https://www.tradingview.com/chart/BTCUSDT/2pBk5dFX-BTC-Monday-Update/ These are levels we have been watching for the past couple months now and still continue to be the most important levels of the trend. Our red line called the top again right before the Bybit hack (interesting how such a large news event played in with market structure). Now we are back in our green box of liquidity. This is a super important support level for Bitcoin to hold and it should hold at least for one more push above the $100k level. However, when Bitcoin does enter this zone it does like to wick below and pick up liquidity before rebounding higher. We have seen Bitcoin come down below the lows to stop out longs before a move higher. The last low was $91.2k (tariff flash crash) and before that $89k. So if Bitcoin starts to fall below that box then most likely we will flush that low to liquidate those longs before a continuation higher. Some key levels to watch would be either just below that GETTEX:89K level, $87.4k, $85k, or that blue 200 moving average on the daily. We are seeing the lowest daily close for Bitcoin since mid January which should signal we might have slightly lower to go before the rebound. Just like I stated in our ETH post it is possible to recover first. If BTC is to pop first then be watching the $93.8-$95k level to flip into new resistance. Will update this post as more confirmations are made in the chart.
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The LTCUSDT currency is one of the currencies with high demand and we have always witnessed frequent increases in this currency. It has had two upward swings up to the $140 range, and the third swing will occur in two cases: the first case is a decrease and increase to the target range, and the second case is an increase from the current price directly towards the target. Sasha Charkhchian