The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
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...
Gold prices recovered losses but remained near $2,320 early Thursday. Fresh weakness in the US Dollar and US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold prices remain vulnerable amid Middle East escalation, waiting for US Q1 GDP data. Gold prices steadied on Wednesday below the key 21-day simple moving average (SMA), then at $2,318,...
Tomorrow, 25-April, is a very important date astrologically speaking. Certain planetary movements are pointing toward the resumption of forward action. What would this imply for Bitcoin? ➖ Bitcoin peaked 14-March and has been consolidating since. ➖ Bullish momentum has been going down. ➖ The current bias is bearish based on multiple bearish signals such as: high...
FX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not...
BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving. (April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?) The false break of...
There's alot of Mr Brains who love running their own mouth all the while thinking this same instance in the chart (which I have brought up in my previous posts before) is apparently something that I never knew about. Like as if this small touch down to 0.42 cents is something that I had never seen coming. I had suspected there was a chance that we would have a...
Match each colored squares. Same colored squares read same pattern. First whales contraction is the value line. It’s where the whales hold their meetings. Soon will cross moving above the bullish contraction and will move to $72,462 because it’s what comes next then must reject because it’s a whales contraction and maybe move down to support zone which will then...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity. Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...
💎 Paradisers, the recent market dynamics surrounding #JTO have indeed been noteworthy. 💎 The successful bounce observed upon revisiting the support trendline area, coupled with the reclamation of the demand zone around $3.1, reflects positive momentum. 💎 Additionally, the price tested the resistance area, coinciding with the golden ratio of 0.618. However,...
Gold is facing strong resistance and is likely to drop. Consider shorting gold at the current resistance level with a target price set at the nearest support level. Monitor price action and market sentiment closely for potential profit opportunities. Use proper risk management techniques and stay informed about economic data and geopolitical events. Entry:...
Smart money contractions. Please view possible BEAR dip to within the value line. OB reads $61k to $62k. BULL contractions will play its role. View smart money possibility zigzags.
EUR USD PRICE - GOING TO BALANCE THE LIQUIDITY AT UPSIDE, here we can see that price already in a down trend got a break out from that price moving to up side to fill the liquidity make a long entry as shown in the picture follow for more live updates...
We went for a short on OANDA:NAS100USD SOLD THE NEWS AT 17351.79 STOP LEVEL: 17376.77 ANTICIPATING TAKE PROFIT AT 16994.38 CHART AS OF POSTING: Enjoy the pips.
RIVN on a 60 minute chart with set of anchored VWAP lines appears to be finishing a double bottom at the 8.5 level and making a move higher in a VWAP band breakout potnetially rising to the mean anchored VWAP and beyond it into the upper bands. I will take a long trage here with the targets in a textbox on the chart. I am interested in the action of the...
The European Central Bank is poised to initiate interest rate reductions in June, potentially leading to a further weakening of the Euro in the coming weeks. In contrast, rate cut expectations in the US have significantly diminished since the end of last year. Financial markets now anticipate, at best, a maximum of two 25-basis point cuts in 2024. Some analysts...