How's it going, Alkalites! Today we bring you good news, as BTC crossed the $40k psychological area!
Regarding technicals, we can see that Bitcoin is fighting against retail oscillators sentiment, respecting our last psychological levels. We could expect some struggle with the 4H 200 EMA, if BTC closes above it, we could see some bearish relief.
Gold has been depressed in 2020, for several reasons. However with inflation creeping up, it will be difficult to hold it below its ATH, that is just 8% away.
Back in 2019, I expected Gold to retrace a lot deeper the last major impulse FIB for the monthly view, it turned out that Gold did better, and stayed around the 38% retracement, a sort of bullish thing I...
I really like how solid the breakout of this descent was with the break candles also closing with a minimal wick.
I think If Ada breaks above this 1.16 level with some clear momentum I feel the next resistance around 1.23 (+6%) will get hit very fast.
I will then look for some sort of pullback from this area and would judge the current price action and area to...
Between 5th and 31st March we saw that the Gold Market was in a downtrend but also indications that a reversal would take place due to a Double Bottom candlestick formation.
Reason For Trade Entry- Market Pullback followed by Engulfing Candle, anticipating that price will continue to rise.
SL is @Breakeven and TP1,TP2 and TP3 targets have been hit!!
GBPUSD is currently in a consolidation phase on the H4 Chart. This will create counter-trend opportunities on lower timeframes so I will be looking for price action patterns around the key Daily support and resistance zones. Price is currently @ the Daily Support Zone* ( 1.40730- 1.41080) so I will be looking for counter-trend opportunities on lower timeframes....
I Would love to see Ada find the steam to continue this bullish push out of the channel we have been stuck in the past week or so.
Fundamentally Cardano is doing absolutely amazing so I don't see why we can't make the move today + the rejection we got from the 0.98 - 0.96 zone was gorgeous so I think the bulls have the legs to make this push today or early...
Good morning, Alkalites! We have seen some recovery in BTC prices despite the recent dip caused by a retail structure.
From a technical point of view, Bitcoin is still respecting our psychological levels. However, it drew a retail downtrend that is driving prices lower in our structure.
Regarding the fundamentals, negative news has stopped for a while, so from...
Printing machine go brrr brr. Gold is currently struggling to go above 1900 with the strength of usd taking effect. I’m currently looking at selling gold at any level from 1900+. My sclap TP is 1870 my swing TP is 1620.
Printing machine go brrr brr long live usd.
FOMC NEXT WEEK WEDNESDAY KEEP CALM AND SHORT GOLD
Hey, Alkalites! As you can see, BTC Dominance is again uptrending. This means that big investors are moving money into Bitcoin, leaving Altcoins undervalued and starting a new crypto-cycle. However, we should be careful with Bearish sentiment near the 200EMA.
If we confirm this, we will start our long-term portfolio, looking for the next bull-run. We will keep you...
For Monday potential down to 1863 is possible if we see on DAILY timeframe.. but remember always WATCH 1876 (strong)…
The most important for This WEEK:
Retail sales data will play an important role in seeing the pace of gold price movements in the middle of this month.. we all know that retail sales data was very bad on May .. this week is very decisive.. it...
In today's video we share our analysis for the high probability of a wider market crash in cryptocurrencies.
For our own portfolio this means that we are looking to secure some profits and position ourselves to take advantage of any discounted levels that present themselves.
Let us know your thoughts in the comments.
SUMMARY: Accumulation phase for XRP, opportunity to stack some XRP
-- Technical --
A sharp retracement driven by the BTC sell off/crash. We see a very high correlation between BTC and XRP price.
We are in a tight trading range of 0.85-$1.10.
The oscillators show weakness in price and we may see a retest of the 50 EMA before a key reversal.
-- Fundamentals --...