Weeklyanalysis
MichFX | GBPUSD started the next round of bearish movement
With an overall bearish trend , GBPUSD has finished a week+ bullish movement by reaching a strong resistance zone . It broke the ascendant channel and started its bearish movement. A successful retest of the zone will confirm the downtrend and will give more confidence to open short positions.
Share your opinion in the comments and support the idea with like.
Weekly Analysis Overview: BitcoinIn this weekly analysis, Bitcoin it's in the 0.382% Fibonacci level, what we could to expect a market crash of another 40% to see. I expect that Bitcoin goes to $17,600 USD, and also the most lower price will be around $13,450 USD to watch and look if that price could be the stop of the bear market to know what could to happen in the future.
I'm still bearish in Bitcoin and altcoins.
AMZN AnalysisPrice is on a downtrend. Seems like a wyckoff accumulation schematic has started with a change in character. However, price has created sell-side liquidity with a bullish POI nearby. I'm expecting a short term bearish move to take the liquidity and tapping into the bullish POI before we see any uptrend.
TWTR AnalysisPrice is on a downtrend, currently at a bullish POI. I'm expecting price to rally from here, taking out the buy-side liquidity created above. However, I do note of the fundamentals for this company and there is also a probability that price can take out the lows at 31.30. I'm leaning towards the bullish price movement.
FFIE AnalysisPrice is on an uptrend. Price took liquidity and stop hunted the highs at 5.97. Price is unable to close higher. Expect price to retrace down to bullish POI.
GBPUSDmy bias on gbpusd still remain bearish, tho anything can happen in the market but for now I'm expecting the market to retraced and form a new lower high around 1.24030 which in turn will create a double top and we short from there, if your bias is bullish you have to wait for the break of 1.27000 level
Higher Low Not Completed YetThis pair has an unanswered bull run it's got to make up for.
And when I say unanswered, it hasn't completed a textbook higher low on the daily time frame.
So, I'm waiting to see if we have a chance to complete it this week.
If the price isn't ready this week, I have TPS set up in the opposite direction.
BEAR TPS:
• 160.397
• 159.317
• 159.419
BULL TPS:
• 161.662
• 162.231
• 163.673
• 166.058
What Actually Happened To Bitcoin Price Action EditionSo I decided to see why this big ol' drop is happening with Bitcoin.
The answer?
We're filling a very old order block that was never
completed in July 2021. So it makes sense price has dropped ALL the
way to where we are now. Time to analyze where we may be going from
here.
According to this current situation, once the years-old order block is
retested, we should make a long push back up to the 38810.05 weekly
zone since it was never retested on the 4hr. It just dropped like a brick.
If we are not ready for the giant uptick back up yet, and we
breakthrough the monthly 28990.63 zone, the next pivot area will be
24337.80 daily zone. We're about to find out what happens.
BULL TPS:
• 32788.17
• 34337.72
• 35504.62
• 36622.43
• 38810.05
BEAR TPS:
• 29315.72
• 27774.40
• 26233.07
• 24475.42
HDFCBANK LONGNSE:HDFCBANK can be good choice for swing trade for a couple of weeks as it made an inverted hammer on last week on weekly chart, and closed above the inverted hammer's low point.
A good support zone for this stock is at around 1300.
Trade Details:
Entry: below 1310
Stop Loss: 1280-1285
Target: 1405-1410
Holding Period: 2-3 weeks
Happy Investing :)
LINK in weekly TimeFrameLINKUSDT have a curve bearish line for a several weeks, its on a weekly support of fibo 2.618.
as you can see, if RSI can breakout above of Bearish trendline, price can grow up
in MACDs Histogramwe have positive divergence, if macd line can cross signal line it is a good point.
BUT if we still on bearish market LINK can move down to the weekly fibo level 2.0 at 3.35$ price !!!
Short Idea for AUDUSDThis is an analysis from a weekly perspective, expecting pair to fake out/ break out above the resistance zone, then to come down for a week to POI, 2 entries set, the lower entry will be executed if the chart does a fake out (OTE) while the higher entry will be executed if the chart doesn't break the current resistance.