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Bitcoin is still in a downtrend channel, do not break out. According to BOLL and RSI, There is still a lot of space that can make BTC's price drop.
Around $22000 is the previous resistance level and can be transferred as a support level at this time. I think $22000 would be strong because its also in the lower bond of the channel.
How long can we reach that...
Daily Economic Observation, September 4th, 2023:
Trading Ideas for Gold This Week:
Last Friday, despite the non-farm payroll report matching a "soft landing" trajectory, the USD Index rebounded quickly from its intraday low due to the hawkish stance hinted by Cleveland Fed President Mester, suggesting further tightening. US bond yields, after the non-farm...
This Thursday, we received July's US core PCE price index annual rate data (announced 4.2%, expected 4.2%, previous 4.2%), matching expectations.
Additionally, US personal spending for the month exceeded predictions (announced 0.8%, expected 0.7%, previous 0.6%). This represents the most significant increase since January 2023.
Furthermore, the number of initial...
Gold's Buyers are really strong RIGHT NOW
As Gold's 4h and 1day RSI hit its lowest level for a while it starts its Uptrend surge strongly!
The resistance above the current price of gold focuses on $1910, $1922 and $1925, and lONG order in $1908 has an advantage. Pay attention to the support below $1898.5, $1895 and $1890, $1897 with SHORT orders ambush
Based on Ethereum's 4h chart, the downtrend line is broken and let's see if this breakthrough can be held steadily.
Moreover, for the 1-day chart, let's see if MACD can form a golden cross in later days.
Furthermore, Based on Fib Retracement, ETH is now steadily held around the 0.236 range, let's see if it can be successfully held.
Below is just all of my dubious speculation😄
From the chart, firstly, we can see that $31850 for BTC is a huge resistance level because that is the previous high. And now we're fighting for a breakout at this level if we break out, and I think $32851 is another important level because that is the previous wick low.
What if we break out both of these obstacles I...
Personally, according to Channel Analysis and Trend Line Analysis, on the 1h and 4h Chart (ETH/USDT), I Do Think Ether's Up Trend is Not Over.
Currently, Ether's price is touched the lower Channel, and Looks like it is Rising.
Moreover, 1h RSI is 45.84 and 1h MACD is about to form a golden cross, for me its bullish in the short-term at least.
Let's start by looking at the 15-minute chart of BTC/USDT. From the trend line, it is quite evident that the upward trend has been broken yesterday, and now the 15-minute chart is entering a downward range.
Moving on to the daily chart of BTC/USDT, according to the Bollinger Bands (BOLL), a very narrow convergence has occurred. Generally, when a...
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According to Elliott Wave Patterns
#BTC price probably is in the downtrend of Phase v
Therefore I argue that there should be a short-term bounce of #Bitcoin price, and then continue this pattern.
So control your position and risk
This is just my dubious speculation
We all Betting by using our own money
Take responsibility for your money
According to Elliott Wave Patterns
BTC's price probably is in the downtrend of Phase v
Therefore I argue that there should be a short-term bounce of #Bitcoin price, and then continue this pattern.
So control your position and risk
$BINANCE: BTCUSD ...
