Introduction - Bulls are holding 43-year trend line at 2360s while NASDAQ bears formed a soft ceiling at 2400 that should hold past through May 1st FOMC. The result has gold range bound, predominantly between 2367-2392 for the incoming nine trading days, after which gold should head for 2444 and higher. Details - Follow up to 9-1 DRAFT's failure to break out...
The Bitcoin 2024 Halving is only 5 days away —according to CoinMarketCap— and this is truly a major event in this market. Bitcoin's halving has a huge effect on the entire Cryptocurrency market in a positive way. The halving is something good and was implemented as a strategy/feature/solution/technique to fight the highly feared and polarizing monetary inflation...
Any questions? Follow the trend lines with lows and highs. 14D TF dotted blue lines squeezed into a 4HR TF. Shows the end of dip but I have another idea showing a possible dip to $57k zone but no confirmation yet. BTC same pattern but with different volume. BTC not ready to fall deep. Added a selling Zone for myself. I will reevaluate BTC once it reaches SELL...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat. As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
Hey Everyone, Another great day on the chart today buying multiple dips inline with our chart idea. Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level. The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
Bitcoin crashed significantly, as I warned you in one of my previous analyses: What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really...
New thread April 510-505 I would personally buy calls all the way down to 505 10 days out for a bounce 514 Taking profit 512-514 Then I would get bk into shorts all the way down 505 or lower as low as 495 this upcoming week weekly range keeping us in a corrective phase no higher 516 as low as 495 WILL UPDATE SUNDAY NIGHT
Current BTCUSDT trading strategy: In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend. From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
From the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments...
Great R/R on this entry I like the potential for a typical "flat correction" here on a larger fractal wave, which i have labelled WXY and its subwaves all good enough to expect a completed 5 wave move (impulse) lower here, highlighted by the pink wave count.
Hello friends! As James mentioned in the previous analysis EURUSD is currently in a recovery phase with the market correcting and capturing liquidity receiving support at 1.0660. However, overcoming the 1.0750 resistance level remains the challenge and target. On the news impact: EUR/USD continues to ease around 1.0640 after retreating from Friday's weekly peak...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
Hello TradingView Family / Fellow Traders, Let's keep it simple! BTC has been trading within a large range bounded by $60,000 support and $70,000 resistance. Currently, BTC is hovering around the lower bound of the range at $60,000. Scenarios: 1️⃣ Bullish As long as the $60,000 support holds, we expect the bulls to take over and push the price towards...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing. The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
Hello dear friends, today the EURUSD continues its decline, following the trend of recent days, with the trading price hovering around 1.062 and losing 0.15% so far today as of this writing. The downtrend persists as hawkish comments from Federal Reserve officials provide some support for the US Dollar, acting as a barrier to any recovery in the EURUSD. According...
Hello everyone, what do you think? Should we buy or sell BTCUSDT today? Currently, BTCUSDT continues to be stuck in a downward trend, showing little fluctuation and maintaining the same trading levels as at this time yesterday. The downward momentum remains dominant, and the outlook continues to look bearish with a breakthrough below the support level along with...
Hello dear traders! Overall, GBP/USD remains vulnerable near 1.2400 early Friday, at a five-month low. UK Retail Sales data was mixed and added to the pair's weakness. Risk aversion when escalating in the Middle East puts this couple at a disadvantage. Given the fundamental backdrop, traders expect just two rate cuts from the Fed instead of the expected six by...