The recent dip in the crypto market, triggered by escalating tensions between Iran and Israel, serves as a stark reminder of the market's volatility. Bitcoin prices plummeted to GETTEX:59K before a swift recovery, leaving many investors wondering: was this a blip on the radar or a harbinger of things to come? **The Iran-Israel Factor:** Geopolitical tensions...
The allure of the markets is undeniable. Charts dance across the screen, promising riches for those who can decipher their secrets. But amidst the flashing indicators and exhilarating wins, a forgotten weapon often lies dormant: **patience**. Imagine yourself as a skilled sniper in the financial jungle. Your prey? Lucrative trades. But unlike the movies, a hail...
The price of gold (XAUUSD) has been on a blistering run since the beginning of March 2024. It has shattered its all-time high, leaving many investors wondering if this rally can continue indefinitely. Let's delve into the technical analysis of XAUUSD to see what clues it might offer. Gold's Meteoric Rise: XAUUSD has been on a tear, defying gravity and surging to...
The Japanese Yen (JPY) has been making waves in the forex market, but not necessarily in a good way. Major JPY pairs like USDJPY, EURJPY, and AUDJPY have all found themselves in a tense standoff with resistance levels for nearly a week now. This has many traders wondering: is it time to jump in, or should we wait for a clearer signal? **The Resistance...
The GBPUSD currency pair has been making headlines recently, but not for the reasons bulls might have hoped. After a lengthy period of consolidation, the pair has experienced a concerning breakdown, accompanied by above-average volume. This bearish signal suggests choppy waters ahead for the British pound. Dissecting the Breakdown: Its price bouncing between a...
After the cpi report yesterday the price has broken its somewhat pretty respectable support according to me and now it seems to be heading towards its daily support near 1.0675. As I have marked the downtrend I think price might even go further down the weekly support but you never know what can happen in forex market so I will take my profits near weekly...
I have seen a lot of charts of BTCUSDT since its beginning and I have not seen BTC every made its ATH before halving even its price surged after a couple of months of the event of the halving. But as you can see in the chart BTC has made 2 extra all time high if we do not count the first surge because it was already expected because of the previous halving but it...
I don't really know what will BTC do now because as all you us know we are so close to the halving right now that the crypto market is barely moving on the technical analysis and more with emotions at the moment because almost everyone wants to know if BTC will take a dip in the next 15 days. I have spotted 2 chart patterns at once and do not know which one is...