This is an educational and instructional video on how a student of the markets can practice a top-down analysis approach using ICT Concepts. I offer some valuable information and tips in the video as well, so don't miss out! - R2F
for documenting dollar priced too out of bid pre nfp mean reversion etc
Price is resistance where sellers control the market. I'm anticipating for price to continue to the downside.
Date: 06/12/24 Name: LTC/USDT Market cap $10.41B 4.92% Volume (24h) $2.93B 53.12% FDV $11.58B Vol/Mkt Cap (24h) 28.28% Total supply 84M LTC Max. supply 84M LTC Circulating supply 75.27M LTC Daily Time Frame – Swing Position – Long! Reasons to be Bullish Case: 1) Structure: Market Structure shift 2) Current phase: Strong Bullish momentum, Trending upwards 3) Overall trend: Continuation of Bull Trend. (4) Internal: Structure Shift towards upside, no pullbacks yet, sky rocketing (5) Important Key notes: . - 978 days consolidation break out, - Currently holding Previous resistance as its support and key level on Daily Time frame range. Worst case Senerios: 4) Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k) 5) Due to liquidity generated and Demand zone sitting below. 6) if $11.4.26 is not hold, then we can see further buying opportunities on marked point of interests. 7) Invalidation below $82.71 Trade Plans: BUY CMP: $138 DCA: $102 - $89 Invalidation: $82.71 Trend Based Fibionacci Targets: Target 1: $ 424.82 Target 2: $ 663.24 Target 3: $ 810.61 Target 4: $ 1049 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
Hello traders. THIS IS JUST AN IDEA, NOT INVESTMENT OR TRADING ADVICE The fundamental backdrop for a bearish EUR/USD continuation stays unchanged in my opinion. This morning's reaction to new jobless claims was probably a knee jerk reaction since the release is only 24 hours away from NFP data and two weeks away from the FOMC rate decision. And the BOJ decision. And a week away from the ECB decision. A lot of upcoming risk events. Price also tested the daily high at 1.05868 which was the last daily high before price had reversed from the daily high at 1.05963. There was an initial doji candle on the 4H chart but the next two candle up until the daily close retested the high without exceeding it. Is this a clear reversal again? Not at all. There are three levels of interest above 1.05868: Daily high at 1.0596 Daily high at 1.0609 ( also the 0.382 fib level on the monthly chart) Two daily closes at 1.0622 The October NFP print of 12K was was attributed to harsh winter storms. This has raised the bar considerably for tomorrow's data. Will it just be about the headline or will a deep dive into the data tell a different story? Will investors look at the average of the the two months? There is no clarity, so proceed with caution. The German Industrial Production print at 07:00 GMT may be market moving especially since the EURO simply shrugged off the political drama in France. However, volatility can be very rewarding if one has the stomach to deal with the whiplash. It sure beats staring at a monitor for hours on end and still getting stopped out. Might as well make it data based and get stopped out instantaneously. On this topic: I make good use of the alerts in TV on both my desktop, laptop and phone. It prevents the constant glancing at the charts. A possibility is to set an entry order at 1.0622 to short the pair. The stop loss? 10-20 pips? OR half a position at 1.0610 and half at 1.0622. It is a very personal preference BUT one thing is clear: keep the position size and stop loss modest as a ratio of your equity. Finally, the technical indicators point to maybe just a continuation of the range for now. As for the cup and handle pattern, I stand corrected if it is not valid. Best of luck.
Comprehensive Summary of the Day's Events - December 5, 2024 Global Financial Markets and Economic Developments 1. United States: - The Federal Reserve's funding loans decreased to $17.1 billion for the week ending December 4, down from $18.5 billion previously. - Discount-window loans fell slightly to $2.43 billion from $2.5 billion. - Initial jobless claims rose to a one-month high of 224,000, with continued claims decreasing slightly to 1.871 million. Economists anticipate November's nonfarm payrolls to reflect a rebound. - Treasury yields held steady, with the 10-year yield at 4.18%, while short-term Treasuries underperformed. - The S&P 500 fell 0.2%, the Nasdaq 100 by 0.3%, and the Dow by 0.6% as markets awaited critical jobs data. Meme stocks such as GameStop surged on social media speculation. - The US trade deficit narrowed to $73.8 billion in October, with trade figures showing improvement in key areas. 2. Asia: - South Korea's October current account surplus decreased to $9.784 billion from $11.12 billion. GDP for Q3 remained unchanged at 0.1% QoQ and 1.5% YoY. - Japanese markets were influenced by comments from BoJ Board Member Nakamura, who emphasized a data-dependent approach to potential rate hikes and warned about weak consumer spending. - Australia's trade surplus exceeded expectations, reaching AUD 5.953 billion in October, with exports rising 3.6%. 3. Europe: - France faced political turmoil after Prime Minister Barnier's government lost a no-confidence vote. President Macron announced plans to name a new prime minister shortly while reiterating his commitment to fulfilling his mandate. - Eurozone retail sales fell by 0.5% MoM in October, with YoY growth at 1.9%, slightly above forecasts. - Germany reported weaker-than-expected industrial orders (-1.5% MoM) and mixed construction PMI data. - The European Central Bank is widely expected to cut rates by 25 bps in December to 3.00%, with further cuts anticipated into 2025. Energy and Commodities - OPEC+ concluded its meeting with a decision to delay a planned oil output increase to April 2025. Oil production cuts will gradually unwind through September 2026. Russia and Saudi Arabia's quotas were confirmed for the next year. - Crude oil prices dipped, with Brent settling at $72.09 per barrel and WTI at $68.30 per barrel. - Natural gas inventories fell by 30 billion cubic feet, below forecasts, reflecting seasonal demand dynamics. Cryptocurrency and Technology - Bitcoin surged past $100,000, buoyed by President-elect Trump's nomination of a crypto-friendly SEC chair. The Crypto Fear and Greed Index indicated "Extreme Greed" at 84/100. Political Developments 1. France: - Polls indicated 54% of French citizens want President Macron to resign amid fiscal and political uncertainty. The far-right leader Marine Le Pen proposed alliances to unseat Macron's government. - The crisis may delay France's efforts to reduce its budget deficit. 2. South Korea: - Political tensions heightened as President Yoon faced potential impeachment proceedings, impacting market sentiment. 3. Middle East: - Israel reportedly updated Hamas on a proposal for hostage releases and a ceasefire, mediated by Egypt. Other Key Updates - China's central bank injected liquidity into the financial system while strengthening the yuan's fixing. - Australian household spending rose 2.8% YoY in October, signaling resilience in consumer activity. - Fitch Ratings warned of rising US inflation risks due to robust consumer spending and upcoming tariff hikes. This summary encapsulates the economic, political, and financial narratives driving global markets and sentiment today.
Over the last five days, HIMS has shown consistent high trading volume in the morning sessions, often accompanied by bullish momentum and large green candlesticks, indicating strong buying interest likely driven by premarket news or institutional activity. This bullish sentiment has repeatedly pushed the price higher during early trading hours, but resistance around $36 has capped further upward movement, causing reversals or consolidation in the afternoon. The chart also highlights key indicators like liquidity grabs (red zones) and trend catchers, which suggest institutional interest and strong upward trends during these periods. However, today’s sharp drop to $31.59 suggests a potential bearish reversal, with profit-taking or increased selling pressure following days of upward momentum. To capitalize on these trends, traders should focus on high-volume morning sessions for breakout opportunities while being cautious of resistance levels and reversal zones later in the day.
We see that BTC has broken 100000 mark so that's cool. But we see it made a strong move down. I think this is only just a liquidity grab because it seems to have stopped at lower levels. What I think will happen is BTC will now come back up to all time high because I believe there's a ton of liquidity waiting there to get filled and it hasn't been touched past yet. Then I think price will come back down stopping out most retail traders or maybe ever break higher to make even higher highs. So I'm looking for longs here but with more confluence's like a bos and maybe a order block, or fvg. What do you guys think?
Our algo generated a 105,300 buy target. Our targets have 100% accuracy but do not follow a particular order or timeline, we just know that at some the point the price will go there. Always follow your own strategy! Best, Magellan Algo Team
Date: 06/12/24 Name: FLOKI/USDT Market cap $2.22B 1.95% Volume (24h) $595.72M 5.88% FDV $2.24B Vol/Mkt Cap (24h) 26.80% Total supply 9.67T FLOKI Max. supply -- Circulating supply 9.60T FLOKI Daily Time Frame – Swing Position – Long! Reasons to be Bullish Case: 1) Structure: Market Structure shift 2) Current phase: Pull back and consolidating (at Support), generating liquidity both side. 3) Overall trend: Continuation of Bull Trend. (4) Internal: Structure Shift towards upside, pull back done, ready to sky rocket (5) Important Key notes: . - Consolidating in a larger range for the last 272 days, - Currently holding mid range as its support and key level on Daily Time frame range. Worst case Senerios: 4) Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k) 5) Due to liquidity generated and Demand zone sitting below. 6) if $0.00020327 is not hold, then we can see further buying opportunities on marked point of interests. 7) Invalidation below $0.00011339 Trade Plans: BUY CMP: $0.00023110 DCA: $0.00017818 – 0.00013438 Invalidation: $0.00011339 Trend Based Fibionacci Targets: Target 1: $0.00043249 Target 2: $0.00063037 Target 3: $0.00075268 Target 4: $ 0.00095055 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **