BTC is currently forming a 2 year long cup and handle formation, once we have a pull back to $13,000 levels this will be a confirmation. Re-load on your BTC bags because this is a very bullish sign. Once we surpass ATH its clear sky's ahead.
Embrace the pull back, it's exciting times!!!
Hope everyone is doing well and staying safe.
CABLE is showing some serious weakness here and if we see price action in the supply zone we can go short.
On the other side DXY is not giving any clear signs of strength which can slow down the move for a while.
Important : Wait for the price action to appear in supply zone on a smaller time frame...
Bitcoin 30,000 usd. Let's continue this analysis. You can see that you followed the movement exactly. The aim of the current analysis is to explore further connections. 1. The exchange rate has started to move in a corrective direction. Its magnitude can presumably be the...
So it looks bitcoin topped out for now at $19,450. This was a likely event given the run up speed and parabolic movement.
Where is the next stop? Well it's hard say precisely, but the two main areas of interest I'm looking at are $13,900 and $12,200. Both are exactly at points based on a fibonacci retracement from the $5k bottom (in 2019 after the 1k March candle...
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If you checked the related idea, you will see that one of my predictions came out correct, the pair managed to broke the raging channel to the downside (D).
This will be our second OPEN SELL trade for XAU....
This is a scenario for longs.
We're looking for support around 1796-1784, the price should ideally wick in that region and close above 1810-13 on the Daily.
Target 1: 1830
Target 2: 1840
Target 3: 1850
Optimal Entry - 1795
Stop Loss - 1775.00
I want to be out of longs if we head towards 1850. My short-term view is still for the price to go further down so...
Price flat at the moment, price between 1800 and 1819 (23.6 Fibonacci replacement)
Looking to test the Fibonacci line at 23.6, if broken recovery to 1810 then towards 1830.75 (38.2 Fibonacci replacement) contrary testing support line 1800 toward 1792-95 recovery back to 1800.
Looking at DXY oversold and clear exhaustion, looking at EURUSD, lack of direction and exhaustion of bulls... looks like we are in for a very volatile Friday. If price breaks 1.194 we are going to reach 1.2...
However based on lower time frames, I can see clear H&S Forming, lack of substantial bounce from daily lows = we are in to test 1.185 area, and I think we...
Bitcoin has correction after finally meeting at the top. it is important we close above previous monthly closes.
Bitcoin we will see a decline to $14000 where we should find solid buy pressure and good support
Gold is currently reacting to a daily demand zone, with the trendline on the H1 already broken and a HH HL structure gradually crawling up from the demand zone.
High probability for a good Retracement rally back to a good supply zone.
XAUUSD is moving According our Analysis from last few days. Here a small Retesting possible in that Retesting it can touch the price level 1850 Price level then it will drop Down to the price level 1750.
Keep in touch we Will Update Soon
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GJ if you look at my last note on this one I said wait for the break, look at it now. Broke, price hit previous structure and bounced. Now we are just waiting for price to pull up and test here...
XRP retrace after a triple top. >>>>>>>> Further on from our previous post IS A DOUBLE TOP FORMING
Now at key support area.
Do we break back to the up side or continue to the downside?
Judging how XRP and every other cryto is on a major downturn we could see a retracement to levels 2 weeks ago be for the start of the spike
My take on friday, IMO will be bit more action today nothing drastic until next week though.
LDN should bring it up to atleast the 1820s if it breaks through we could be look at 1836-1850 during before it comes back down, but IMO this scenario will only happen if LDN can bring it up above 1820, if not back to 1808 we come if this zone is broken possibly will...
I see a potential Liquidity Trap above this high on EU.
There's going to be a lot of stops above this high as It's a fair swing point and as we know retail traders love having their stops above/below swing points.
If we can fail to close above this level I will short to the FTA highlighted by the horizontal line.
"Why are you certain there will be a reaction...
BITCOIN after that dramtic fall is a good buy, on 1h chart target 18.5k plus, join my discord for free trading analysis and a community of 30 guys here all helping eachother and sharing ideas. join this link - discord.gg/Upu9yysMdz