In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action. On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines). In short, it takes between 17 - 24 bars...
In this analysis I want to discuss the possibility that Bitcoin's temporary correction might be at the ending stages and that the bullish trend might continue in the near future. I want to look at two things: - The price has hit the purple dotted support on the chart. - The RSI has hit oversold on the 4H chart for the first time since late January, at the start...
Preface: I'm still bullish on the crypto market as a whole. I still think it's likely we're going to make new highs in the near future. This is a more short-term oriented trade and will only be activated under certain conditions. In this analysis I want to shed some light on a pattern that one of my commenters recently informed me about. Although it's not the...
Preface This analysis is based on historical price action. Since BTC only had a couple of cycles before, the data presented is based on just a few observations. Furthermore, this analysis will use calculations based on a mathematical model based on these few observations. TLDR/Summary at the bottom. Goal of this analysis In this analysis I'm going to take an...
Greetings, esteemed traders! On the daily chart, BTCUSDT continues its remarkable recovery from the recent dip, rebounding nicely off the EMA 34 checkpoint. I maintain a bullish outlook, anticipating that the upward trendline will continue to fuel fresh highs. I foresee further ascension after a brief touchback to the Fibonacci retracement levels of 0.5 - 0.618,...
Hello traders and investor! In my opinion, Solana should make a price reassessment of $57 and then wait for the increase to $217. I think the best price to buy should be 57 dollars. Be careful! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
As you can see, the price swept the liquidity below the previous day's low and shifted the market structure. Now we can expect that the price move lower to collect the inducement and then move higher. We can define buy-side liquidity as the first target and the previous day's high as our final target. Please pay attention: We need LTF confirmation in this...
The recovery in gold prices weakened as the US dollar rebounded. During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all...
Greetings, fantastic folks! Let's dive into today's GBPUSD insights. In today's North American trading session, the British Pound is making a modest comeback against the US Dollar, buoyed by speculation that the Federal Reserve might slash interest rates in June. At this moment, GBP/USD is trading at 1.2639, marking a 0.32% rise for the day. On a fundamental...
ETHUSDT has maintained its upward trajectory in the early trading hours of Tuesday, currently hovering around $3617, establishing new support as it successfully breaches the $3541 resistance. The outlook remains optimistic, with no immediate threats looming over ETHUSDT. The aim is to once again target and surpass the $4088 resistance level. What are your...
Hello, dear friends! Today, EURUSD continues to demonstrate its resilience with bullish candles, maintaining its stance above the 1.080 level. The technical outlook remains positive for this pair, but it needs to break through the 1.086 resistance level to solidify its upward momentum. Conversely, a breach below the marked support level could lead to a significant...
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
Hello dear friends, curious about this week's gold price trends? As we step into a new week, gold has already seen a continuous rise of $10, reaching $2175 during the Asian session. In the short term, it appears set for further growth, though it may encounter resistance around the $2185 mark. The Federal Reserve's monetary policy decisions in June are poised to...
Greetings, astute and affluent traders! Let’s delve into today's market dynamics! Gold (XAU/USD) persists in its sideways consolidation trend this Tuesday, contained within the familiar range established over the last three weeks. The scales, however, seem to tip in favor of the bulls as the Federal Reserve gears up for a less restrictive policy stance, promising...
Let's dive into today's gold market dynamics! Early in the Tuesday trading hours, gold has gracefully ascended beyond the critical $2,150 mark, buoyed by anticipations of the US Federal Reserve's rate cuts within the year. Remarks from Fed officials, implying a dovish stance, have pressured the US Dollar, thereby providing substantial support for the...
#ALT/USDT #Analysis Description --------------------------------------------------------------- + The price of ALT is currently hovering around the resistance level, suggesting a potential breakout. + If the price manages to successfully breach the resistance level, it presents an opportunity to enter a long position. + I plan to initiate a long position once the...
BINANCE:GRTUSDT (4H CHART) Technical Analysis Update GRT is currently trading at $0.3942 and showing overall bullish sentiment. Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR. Entry level: $...
Hello everyone, and welcome, subscribers. Please share your personal opinions in the comments. Booster and subscription requests are appreciated. Last week, the February inflation indicators for the United States were released, showing a higher level than expected. It indicated that contrary to market expectations, inflationary pressures are not abating. There's...