Multi Timeframe Analysis Hint: The BTC charts we published Nov 2021 to Jan 2022 continue to hold. BTC persistently tracks to expected levels at the 10k range. This is now made more real with the FTX fiasco. Bearish Narrative: 1. Price was drawn to a bullish order block at 20k coinciding with the 3rd fibonacci target of a bearish harmonic pattern on the weekly...
During a "short squeeze" there is a phrase longs don't want to hear. They begged me not to utter the words, but I must say it anyway. "Looks pretty squoze to me" That's how a short squeeze ends. The desperate shorts got their big chance to close off at breakeven, and now the tables have turned alltogether. It has shifted from a short squeeze to a long squeeze....
Treasury yields recover from the previous day's losses as worries about China's economic slowdown and US government gridlock combine. The government is continuing its zero-tolerance policy, and the severity of the cases isn't showing a similar correlation, so the chances of China reopening have shifted to the downside. With the most recent addition of 8,335 for...
Well daily MS has shifted to bullish, price is sitting on GP from the low and a key level of support, and VAL of the range. it's worth a shot for me here.
Past Performance of Bitcoin Bitcoin fell on November 8, slumping to as low as $17.1k and registering new 2022 lows. At this pace, sellers are squarely in control. As such, BTC will likely continue dropping in the days ahead as traders and investors scamper for safety. A notable development is that there is a firm rejection of $21k, as the November 8 bear bar...
Nifty bulls make inroads in the last two hours, despite the holiday break, sign of confidence. The turn off events, softer dollar, higher global equities (despite the mid term elections and CPI numbers), tad not rising rates and lastly Crude remaining within the ranges. Looks all good to the EM despite no China opening. Commodity currencies rally which is the...
This is a Ringchart im now drawing since ~3 years, That falling fat red ring especially which BTC did hit and dumped hard after, was drawn around 2021 September Really magically for me, how good it hits since its beginning of placement. normaly i try to find rings shifted a little bit into the future, so that newest rings (centers on the most right point in...
Previous post had all the levels shifted off target. Simple _____ + $44.00 levels with midlines -------- at $22.00. This is how LTC works. The secret is out!
EUR/USD There is no important news this week, but there will be many speeches and comments, but this is not enough for a downward turn. Trading interest is steadily shifting upwards, but a technical correction is needed to remove large StopLoss below the level of 0.9750. New purchases will be relevant only after a confident breakdown of the parity zone.
GBP/USD The pair never left the main range. Speculative volumes related to the fundamental events of the last week are closed. There is no positive news yet. The balance of volumes is shifting to the sales area. New purchases will be relevant only on a confident breakdown of the protection zone above 1.17.
xau/usd will take all the liquidity condensed up to 1700 it may raise to 1800 before shifted down
I wont' spend too much time explaining my thoughts about this pair. The above chart illustrates in a nutshell my expected predicted projection for EURUSD - around 3rd week price to be around 1.03 Now let's take a closer look at some of my thoughts. Jumping over to the daily. Reasons to be long include: Stochastics Oversold RSI Above 50 Bullish...
Multi Timeframe Analysis Hint: 20K is a messy key level. Price broke above this zone and smashed a bearish order block. Potential drop. Bearish Narrative: 1. Price was drawn to a bearish order block at 20k coinciding with the first fibonacci target of a bullish harmonic pattern on the daily chart . Order blocks are magnets for price. Price will fall at this...
Multi Timeframe Analysis Hint: DXY will surge this week of Nov 8. Gold will take a knee Bearish Narrative: 1. Price was drawn to a bearish order block at 1670 coinciding with the second fibonacci target of a bullish harmonic pattern. Order blocks are magnets for price. Price will fall at this zone. 2. Trader's Dynamic Index and MFI signifies bearish momentum....
Price still finding stability after making correction towards $850 zone. We currently have price trapped inside a Descending triangle pattern, which is of course a pattern for bearish continuation. But all the same all attention should be shifted towards our IMMEDIATE LEVEL OF INTEREST on the chart which act as the neckline resistance for the pattern. More...
Trend retracements will tend towards 76 fibs. I think we're now at a super critical point for MSFT. If this can break, will be strongly supportive of the swing bear trade. However, if this holds - we might be seeing a shifting of the trend.
Gold climbed toward $1650 despite the hawkish Fed tone. XAUUSD could extend its rebound on bigger than than expected NFP today. Gold price is looking to recover further from two-month lows of $1617 area and targeting $1660. The focus now shifts towards the US Nonfarm Payrolls data. The acceptance above $1650 would validate a triangle breakout, initiating a fresh...