Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...
While it is hard to predict what the impact the halving could have on volatility over the next week, it appears the BTC has swept the range lows, stayed inside the bull flag, and held OBV support. Bullish divergence on RSI 1HR confirms RSI reset is complete and we can (hopefully) start moving back towards the top of the bull flag over the next 2 weeks. I am...
BTC dropped to the range lows on the daily timeframe and bounced at the top of the ascending channel that formed between October and February. While a lot of people were panic selling, I was DCA'ing into long positions with max risk of 5% of account should I hit my stop loss at 58,000. The 100 EMA on the daily timeframe is around 58,300 and if we go below that,...
Introduction Chainlink (LINKUSD) is a cryptocurrency that powers a decentralized oracle network for smart contracts. It provides a secure and reliable way for blockchain applications to access off-chain data, enabling a wider range of functionalities. This article analyzes LINKUSD through the lens of Bollinger Bands and a potentially reversing trend, suggesting a...
EURUSD is currently displaying characteristics indicative of a Crab Harmonic Pattern (XABCD) formation. This pattern is observed alongside a significant trendline, adding further confluence to our analysis. Key Levels and Fibonacci Retracement: Point D of the Crab Harmonic Pattern coincides with a key resistance level, accentuating its significance....
If it comes up from this point and this wave down isn't greater than the previous wave, I'm leaning towards the pullback being done. The W-A of W-(W) is questionable on counting and could easily see the first 3 waves being 5 waves instead. If that is the case, I'd lean towards another wave down. Either way, the correction is probably getting close to done.
NASDAQ:COST was over-speculated by retail groups. Extreme angles of ascent do not hold. The severity of the recent angle of ascent due to speculation warned well ahead of time that COST would have a meltdown when buyers evaporated. The first strong support level is at the black line. The Weekly chart shows stronger runs up than down. Costco is frequently...
Currently Cocoa Futures trading in Strong bullish winter and will it rally further?
The CHFJPY pair is currently exhibiting a significant technical pattern known as a Bat Harmonic Pattern (XABCD). This formation is characterized by specific Fibonacci ratios between its key points, indicating potential trend reversals. Key Points of the Bat Harmonic Pattern: - Point X: Represents the starting point of the pattern. - Point A: Marks the...
Nike has broken the visible downtrend and closed above it. This could still drop like a rock, but I'm long a 1/3 position here.
An exceptional opportunity looms on the horizon for the JUV cryptocurrency! The chart reveals a perfectly orchestrated Double Bottom formation, marking a potential bull turn. With the two troughs aligned, we hit a sturdy stand, indicating constant buying pressure. The recent rupture of the neck line, accompanied by an increase in volume, confirms the trend. This...
Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness....
Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again. In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because...
There was no reason to miss this trade! But if you did, there will be more opportunities for a long entry before we retest the higher time frame white selling channel above. Look for these same controlled selling algorithms to appear before getting picked up by buying continuation (ideally yellow strong) Happy Trading :) - TraderDaddyOG
Set up wasn't respected, although it stop out on the second entry( the scaling in trade).
Update for AUDUSD: after a correctional bullish movement, I see the signs of strength of the sellers on an hourly time frame: the price formed a descending triangle formation and broke its neckline. I expect a bearish movement to 0.6417 / 0.6405 ❤️Please, support my work with like, thank you!❤️
Trading Plan for Thursday, April 18th, 2024 Market Sentiment: Mixed, with traders weighing the implications of inflation, economic signals, and potential shifts in Federal Reserve policy. Key Supports Immediate Supports: 5066, 5060, 5054 Major Supports: 5045-47 (major), 5038, 5000-5005 (major), 4990, 4966, 4932-36 (major) Key Resistances Near-term...
What are you expecting on NADAQ Prices , i m expecting short term pullback to test the supply zone then a sell at 18k , wait for good entries.. use lower timeframes for possible entries.