USDJPY after the recent highs dropped at the 0.618 fib retracement.
The market started a consolidation phase trading between a support and a descending trendline.

According to Plancton's strategy if the price will break above the 4h resistance and satisfy the ACADEMY rules we will set a nice long order.

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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure - Monthly structure.Read More

GBPUSD has been dropping significantly in the past month and price was bouncing in a descending parallel channel .

Currently, the channel is broken to the upside and price has closed bullish candles outside the channel.

There is a resistance level at 1.3285 which is the last major high, and if price breaks this level to the upside and closes a bullish candle above it, we can expect more rise to the next resistance level around 1.3350

What is your side on GBPUSD for this week?
Feel...

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EURUSD keeps trading sideways but it's very possible that we will see a move to 1,1440

This will confirm our expectations from last week
This week we have plenty of news and we will probably see a lot of movement!

BTC is losing 50k support, making lower highs, bearish volume , ALTs are dormant but BTC dominance is holding 40% support for now.

S&P500 strong but also DXY strong = mixing signals.

As per chart, 2 possible scenarios are coming:

1. green line - retest of demand zone for BTC 37k-42k or just more swinging time while ALTs drop and Dominance climbs - and then a clear pump and breakout of the down trend towards 50k-55k
2. red line - bearish pattern continuation with a fake breakout and then a further crush towards demand zone 37k-42k.Read More

US Dollar Index : seems like in short term it changed the trend and begin down trend. It failed to cross the recent high and formed Lower High. There is good support at 95. Lets see how it works !

Here is the Weekend look at the NAS for Dec 13-17. Last week the support held the 55sma and bounce off the neutral. Price managed to break above the 16000-16285 resistance zone (see last week's post) and after a brief pullback into the downward trend line (identified in the midweek updates) the NAS is trading above the resistance zone again on Sunday night.

This week I will be watching for price to break through the red box into the completion zone of the harmonic I have drawn. I would expect some resistance at the green box as the harmonic is bearish . The key market driver this week will be the FED meeting. If you look back at recent FED meetings there is often a run up into the meeting and then a sell off just before or on the day of. Of course there is no guarantee. There is just what has happened before and probabilities. We have to trade what we see. If price fails to break through the red box look for a pull back to the tan box.Read More

As predicted yesterday, dow little come down, but don't panic, fear, it will see fibo 161% soon
we must buy dow near support with sl=80 and don't close soon, give it min 10 days for growing, new year rally will start soon

Good luck

Here is the weekend look at the ES for Dec 13-17. Last week the ES held the 55sma and bounce off the neutral zone. Price pushed through the resistance zone I identified in last week's post effortlessly and is now trading only 20 points below the ATH on Sunday night. Targets going into next week are the ATH and then the first red box on my chart. If price breaks the ATH watch for failure at the 1.13 fib extension. When breakouts fail it often happens at that level. Above the 1.13 I will look for continuation to the 1.618 fib extension. The ES/ SPY is currently the strongest of the indexes. If for whatever reason the ES starts to roll over look for the ema cloud and then the neutral zone to provide support.Read More

What Is Bitcoin Mining?
Bitcoin mining is the process by which new bitcoins are entered into circulation; it is also the way that new transactions are confirmed by the network and a critical component of the maintenance and development of the blockchain ledger. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem. The first computer to find the solution to the problem is awarded the next block of bitcoins and the process begins again.

Cryptocurrency

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LONDON, Dec 10 (Reuters) - The dollar shed early gains and
turned lower on Friday after U.S. consumer prices increased
further in November, posting their largest annual rise in 39
years as investors took profits before a Federal Reserve meeting
next week.

The data, along expected lines, puts added pressure on
policymakers to withdraw pandemic-era stimulus at a faster pace
in coming months.

There is some relief that we did not get a 7 (percent)
handle on headline inflation and the dollar response is
partially

...

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