Weekend Market Analysis - BITCOIN, SP500, NASDAQ100, EUR/USD, GOLD

Price Action Volume Trader
14 Apr 202421:07

TLDRIn this weekend market analysis, the focus is on the performance of Bitcoin, SP500, NASDAQ100, EUR/USD, and GOLD. The video discusses Bitcoin's recovery after a significant drop and the potential medium-term low. The SP500 and NASDAQ100 are analyzed with emphasis on key support and resistance levels, while the EUR/USD is in a downtrend, and GOLD's market reaction to geopolitical events is highlighted. The video also celebrates reaching 25,000 subscribers and promotes trading courses and current offers.

Takeaways

  • 🎉 The channel reached 25,000 subscribers, with a goal of 100,000 followers next.
  • 📈 Bitcoin experienced a significant drop after the video on Thursday but is now recovering.
  • 💰 The 64,65,000 area is a key level for Bitcoin, with a medium-term low ideally.
  • 📉 Risk of Bitcoin falling to 53,000 if daily closes go through 60,000.
  • 📊 On the hourly chart, Bitcoin needs to break above 64,500 to establish support and move upwards.
  • 🔄 SP500 had a bearish close for the week, with main long-term levels at 524475 and 5171.
  • 📌 SP500's 4-hour chart shows a high volume node at 51,2650 as a key target.
  • 💹 NASDAQ100 appears more sideways on higher time frames, with main levels at 18623 and 1853.
  • 📉 Euro/USD broke through the 1.75 level, confirming a downtrend on higher time frame charts.
  • 👉 Potential for Euro to pull back and then look to short into the next level or break down and retest.
  • 🌟 Gold market will be interesting to watch following the Israel-Iran conflict news, with key levels at 2,350 and 2,320.

Q & A

  • What was the significant event mentioned at the beginning of the video?

    -The significant event mentioned at the beginning of the video was the channel reaching 25,000 subscribers.

  • What was the main focus of the weekend market analysis video?

    -The main focus of the video was to discuss the most important futures crypto and Forex markets, specifically Bitcoin, S&P 500, NASDAQ100, EUR/USD, and Gold.

  • What was the approximate percentage drop in Bitcoin's price between Friday and Saturday?

    -The price of Bitcoin dropped approximately 16% between Friday and Saturday.

  • What is the medium-term low level for Bitcoin that the speaker assumes?

    -The speaker assumes that the medium-term low level for Bitcoin is around 60,000.

  • What was the main support level for the S&P 500 that was discussed in the video?

    -The main support level for the S&P 500 discussed in the video was around 5,150.

  • What are the two high time frame levels the speaker is watching for the NASDAQ?

    -The two high time frame levels the speaker is watching for the NASDAQ are 18,623 to the upside and 18,533 to the downside.

  • What happened to the Euro US dollar after breaking through the 1.75 level?

    -After breaking through the 1.75 level, the Euro US dollar went down into the next level at 1.639, confirming a lower low on the higher time frame charts.

  • What is the potential downside risk for Gold after the recent market events?

    -The potential downside risk for Gold is a retrace back into the area between 2,360 and 2,326, and then possibly down to the 2,304 level.

  • What is the next level of interest for Euro US dollar on a move back up?

    -The next level of interest for Euro US dollar on a move back up is the broken support turned resistance level.

  • What is the speaker's strategy for trading courses and promotions?

    -The speaker is promoting their trading courses and mentioning a discount for Trader funding companies, with Apex offering 80% off for one day for the entire month of April, and Funded Futures selling starter accounts at discounted prices.

Outlines

00:00

📈 Channel Milestone and Bitcoin Analysis

The speaker begins by celebrating reaching 25,000 subscribers on their channel and expresses gratitude to the audience. They discuss their commitment to creating content over the past three years. The primary focus of the video is on the analysis of Bitcoin's performance. The speaker mentions a recent video they made on Bitcoin and notes a significant price drop that occurred after the video. They analyze the weekly chart, highlighting the $64,650 area as a crucial support level. The speaker discusses the medium-term low and the risk of falling to $53,000 if the support level breaks. They also mention a bullish order block consolidation and express their desire for a quick recovery, ideally closing above $64,500 to establish it as new support. The speaker further examines the hourly chart, identifying resistance and support levels, and shares their expectations for Bitcoin's short-term trajectory.

05:03

📉 SP500 and Equities Outlook

The speaker transitions to discussing the S&P 500, noting a bearish close for the week and analyzing the weekly chart. They highlight the $51,550 area as significant support, which has not been breached in three consecutive weekly candles. The daily chart shows a bearish engulfing candle, followed by a recovery attempt that was met with rejection. The speaker is monitoring key high timeframe levels, including $52,447.5 and $51,710, and anticipates a potential move down to $51,265 or $50,250 if the current support level breaks. They also discuss the impact of the Israel-Iran conflict on market sentiment and provide an analysis on the 4-hour chart, focusing on the $51,925 and $51,710 levels as areas of interest for potential breakouts or continuation of the current trend.

10:05

📊 NASDAQ Weekly Review and Forecast

The NASDAQ is the next subject of analysis, with the speaker noting its more sideways movement compared to the S&P 500. They review the weekly chart, highlighting a range-bound pattern between 18,040 and 18,070. The speaker is watching two main levels: 18,623 to the upside and 18,530 to the downside. A strong daily close beyond these levels could lead to new all-time highs or a deeper retracement. On the hourly chart, the speaker identifies immediate support and resistance levels at 18,523 and 18,530, respectively. They discuss the inside day candlestick pattern and the potential for a breakout or continuation of the sideways trend, depending on the market's movement and external factors such as geopolitical events.

15:06

💶 Euro-US Dollar ForEx Analysis

The speaker shifts focus to the Forex market, specifically the Euro-US Dollar pair. They discuss the pair's bearish week, noting the break below the significant 1.75 level. The next support level is identified at 1.639, with 1.517 as the subsequent level. The speaker confirms the Euro's downtrend on higher timeframe charts and analyzes the trend lines, noting their increasing inclination as the downtrend accelerates. They discuss the potential for a pullback and a short position or a breakdown and retest of the lows. The speaker also identifies a high-volume node as a target if the pair breaks above the current trend line.

20:06

📈 Gold Market Update and Predictions

The speaker concludes the video with an analysis of the gold market, considering the impact of the Israel-Iran conflict on the market. They note a significant price move and a rejection at the all-time high of $2,431. The speaker's main long-term levels are mentioned, with a new level of $2,350 identified after the recent price action. They discuss the 4-hour chart, highlighting the $2,360 and $2,326 levels as areas of interest. The speaker anticipates a potential downside risk to $2,320, with support at the low volume node below that level. They also mention the possibility of a move back into the previous high volume node if the current resistance is broken.

Mindmap

Keywords

💡Weekend Market Analysis

The term 'Weekend Market Analysis' refers to a comprehensive review of the financial markets, specifically focusing on cryptocurrencies, Forex, and stock indices, conducted over the weekend. In the context of the video, it implies a detailed examination of market trends, price movements, and potential future scenarios for assets like Bitcoin, S&P 500, NASDAQ100, EUR/USD, and GOLD. The analysis aims to provide viewers with insights and potential trading strategies based on the current market conditions and recent events.

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, the author analyzes the price movement of Bitcoin, focusing on key support and resistance levels, such as the $64,000 and $65,000 area, and discusses potential future price action based on recent market behavior, including the risk of a further drop to $53,000.

💡S&P 500

The S&P 500, or Standard & Poor's 500, is a US stock market index that measures the stock performance of 500 large companies listed on the stock exchange. It is widely regarded as the best representation of the overall market performance and is often used as a benchmark by investors. In the video, the author examines the weekly close of the S&P 500, noting the significance of the 5150 level, and discusses the potential market movements based on the bearish engulfing candle pattern observed.

💡NASDAQ100

The NASDAQ-100 is a stock market index of the 100 largest domestic and international non-financial companies listed on the NASDAQ stock market. It is heavily weighted towards technology-related companies and is often used to represent the performance of technology stocks. In the video, the author analyzes the sideways movement of the NASDAQ100 over the past few weeks and identifies key support and resistance levels at 18623 and 1853, respectively, to predict future market behavior.

💡EUR/USD

EUR/USD is a currency pair in the foreign exchange market representing the value of the Euro against the US Dollar. It is one of the most frequently traded currency pairs in the world and reflects the comparison between the European and US economies. In the video, the author discusses the bearish trend in EUR/USD, highlighting the breakdown through the 1.75 level and the potential continuation of the downtrend to the next support level at 1.639.

💡GOLD

Gold is a precious metal widely considered a safe-haven asset, especially during times of geopolitical tensions or market uncertainty. In the video, the author analyzes the gold market's reaction to the conflict between Israel and Iran, noting a significant price move and potential support and resistance levels at $2320 and $2304, respectively. The discussion focuses on how global events can influence gold prices and the potential for a retrace or continuation of the current trend.

💡Support and Resistance Levels

Support and resistance levels are key concepts in technical analysis used to identify potential price turning points. A support level is a price point where a downtrend may pause or reverse due to a lack of selling pressure, while a resistance level is a price point where an uptrend may pause or reverse due to increased selling pressure. In the video, the author uses these concepts to analyze various markets, such as Bitcoin and the S&P 500, to predict future price movements and potential trading opportunities.

💡Bearish Engulfing Candle

A bearish engulfing candle is a specific pattern in candlestick chart analysis where a black (or red) candlestick completely 'engulfs' a previous white (or green) candlestick, indicating a potential reversal from a bullish trend to a bearish trend. In the video, the author notes the occurrence of a bearish engulfing candle in the S&P 500, suggesting a possible shift in market sentiment and a potential downward price movement.

💡Trend Lines

Trend lines are a tool used in technical analysis to identify the direction of a market trend by connecting a series of higher or lower prices to create a line that the price is expected to follow. In the video, the author uses trend lines to analyze the downtrend in the EUR/USD currency pair and the sideways movement in the NASDAQ100, using them to predict potential future price movements and identify key levels of support and resistance.

💡High Volume Node

A high volume node is a term used in volume profile analysis to identify areas on a price chart where a significant amount of trading activity has occurred, indicating a potential concentration of support or resistance. In the video, the author refers to high volume nodes in the context of Bitcoin and the EUR/USD currency pair to determine key levels that could influence future price movements and trading decisions.

💡Geopolitical Events

Geopolitical events refer to political developments and conflicts that have the potential to affect global financial markets. In the video, the author discusses the impact of the conflict between Israel and Iran on the gold market, highlighting how such events can lead to increased market volatility and shifts in investor sentiment, influencing the prices of safe-haven assets like gold.

Highlights

The channel celebrates reaching 25,000 subscribers, with thanks to the audience for their support over the past 3 years.

The next goal for the channel is to reach 100,000 followers, encouraging viewers to like, recommend, and subscribe.

Special promotions are announced for April, including an 80% discount on one-day passing for Trader funding companies and significant discounts on funded Futures starter accounts.

Bitcoin experienced a significant drop after a video was released on Thursday, but has since been recovering.

The weekly chart for Bitcoin shows a key resistance area around 64,000 to 65,000, which has been crucial in the recent weeks' price action.

There is a risk for Bitcoin to drop to 53,000 if the price closes below 60,000, despite the current bullish order block consolidation.

The speaker is looking for Bitcoin to recover quickly, ideally closing above 64,500 to establish it as a new support level.

In the hourly chart, the short-term volume profile indicates a potential resistance level at 57,718 and a demand block at 53,000.

The S&P 500 had a bearish close for the week, with the price level around 515.50 acting as a significant support.

The main high timeframe levels for the S&P 500 are identified at 524.475 and 517.1, with a target for a downside move to 512.65.

The NASDAQ appears more sideways on higher time frames, with a range between 18,040s and 18,070s.

Key high timeframe levels for the NASDAQ are 18,623 to the upside and 1,853 to the downside, with a focus on a strong daily close through either side for continuation.

The Euro-US dollar Forex pair has broken through the 1.75 level, confirming a downtrend on higher time frame charts.

The trend lines for the Euro-US dollar pair are becoming more parabolic as the downtrend momentum accelerates.

Gold market is expected to react to the Israel and Iran conflict news, with a potential downside risk of retracing to the 2,320 low volume node support.

The speaker marks a new resistance level at 2,350 for Gold, following a big bearish rejection.

The video concludes with a call to action for viewers to check the description for more information on trading courses and discounts.