What 1-hour chart says?
Fundamental Development:-
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.”Speaking at the Christie’s Art + Tech Summit in New York on Wednesday, Novogratz warned listeners about the steep volatility of the crypto industry.“I had friends that had bought lots of crypto, and it had changed their lives — guys who didn’t make a whole lot of money but all of a sudden had a $5 million net worth in crypto,” said Novogratz:
Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $23300 -$23350 ranges. BTC made low 22300 and now consolidating within a range. Yesterday it made high near $23700 and then it continue to decline. Bitcoin is struggling to gain momentum above $23,300.
Alternative Scenario: If Bitcoin fails to clear the $24,300 resistance zone, it could start another decline. An immediate support on the downside is near the $22,800 level.
WS30M trade ideas
DOWJONES ShortNote : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Bank nifty trade For 21 July
Banknifty Trend Side ways to Negetive
Support- 35800
35400
resistance 36100-36500
Bank nifty For Wednesday 20 July Bank nifty For Wednesday 20 July
resistance - 36000
Support -35000
trend -positive
us30 scaplingwait for the break out .it is scalping trade try to secure your position. it will take your money be carefull
US market at break or make levelUS market at break or make level, tomorrow's price action will be very important.
better to wait and watch, square off longs if you have any.
Down trendDown trend will continue till 29200 on Dow catastrophic effect will start from Friday (tomorrow ) short term trader can go for its short position
Seems like Tweezer Bottom
lets see what this candlestick do!
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us30 swing tradeday trading hello everyone how you doing this is my analysis . if really wants to make passive income you can join me and learn.
DJI READY TO PREPARE GARTLEY PATTERN32500 is the potential reversal area
according to fibonacci 31900 is 1st resistance
Dow Jones - 1 Hourly ChartThe Butterfly Patterns or XABCD of both "Bullish - Blue waves"
and "Bearish - Red Waves" view has limited time to unfold
tried drawing them taking time cycle of market
into consideration with best of my knowledge.
not a recommendation to consider but keep a close eye
down trend continuation from mondayall the indicator showing that market sentiments are very much negative and from the recent monetary policy fed is going to increase much aggresive rate hike so dont be trap in this temporary rallly be firm about down side level up to 29000
US30 DowJonestoday crossed above make or break level 31069
now this level becomes a crucial support.
Trading channel and levels marked
Happy trading.
Dow Jones making Head and Shoulder Gap down and breaking down the trendline creating a view towards bearish momentum. Also we can see clearly it is trying to make ahead and Dhoulder pattern. Cautious if planning to go pong
DJI / GOLD in a end of consolidation ZoneThe performance or price of gold might determine the future price of DJI/Equities. It looks like it is 'on the balanced state and Can stay there for some time. Meaning, the ratio can be the same, prices of both Gold and equity can rise/fall at more/ less the equal percentage.
Possible outcomes:-
1. If the ratio remains the same, then the rise/ fall in both Gold & equity more/ less remains the same.
2. If there is a increase in the ratio, meaning there is an increase in equity value and Gold remaining the same or increase in equity and a decline in Gold.
3. a)If there is a decrease in the ratio, meaning there is a decrease in equity value and Gold remaining the same or
b) Decrease in equity and increase in Gold, which is very rare to happen only when there is minimal or zero economic activity due to war on other pandemic like situation)
Leaving option 3b above, I feel we are at the end of option 1 and about to start option 2.
US30 Trading Plan - 03/Jul/2022Hello Traders,
Hope you all are doing good!!
I expect US30 to go DOWN after finishing this correction.
Look for your SELL setups.
*This BUY is risky and I am biased only for short term upside, if you dont know how to manage your trade, dont take the risk now and wait for it to break the last low for HPB .
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
33300 may be a resistance going forwardIf 33300 is not broken on the upside then we may head towards 28000 levels
Dow Jones 30700 to 30915 is a crucial range for next few daysDow Jones: 30700 to 30915 is a crucial range for today and next few sessions. The market is trapped in the range. We had a brief jump over 30915 in the first hour. If we see a breakout over this range, we can expect an up move.
us30 Bearish broke my support according to my POVUS30 will be bullish Only if it breaks 30900 and close above it until then it will be bearish and it might reach the next support zone of 29900-29800.
DJIA: Bearish Island reversal patternBearish island reversal pattern can be seen in daily time frame of DJIA. More downfall is on the way if today's gap sustain. Keep on radar
