I can finally say i'm bullish on BTCUSD as our current sideways pattern is at lowest, i'm hoping we see a pump, but with the geopolitical news thing could be different this is long term idea
Scenario one for the coming week, we see Gold grab liquid at 2390 and then fall. Scenario number 2 the head and should pattern forms and we get smooth sells at Resistance level (2364.615)
Yesterday we had a massive sell off, which likely i wasn't in the trade. As the previous support was taken out. I'm still bullish on BTCUSD as i wait for the bulls to step in
Looking on the 4H chart we are trending up which is a good indication for us to bullish, but waiting for a perfect entry on a lower time frame is always good. To reduce overall draw drown. It's the weekend and this is my last update. Go out spend time with family, enjoy your weekend.
Currently in an uptrend, just watch to get a bit of context. Enjoy the weeken
What is happening on bitcoin is a classic case of fear, now retail traders are speculating. When the market is consolidating i try to stay away and wait for clear direction. There is no such thing as being late, if you have a plan in place, i would wait until we are out of the range and trade the continuation.
Looking at 2323 support level we will most likely see Gold give us a nice push up. I believe we still have precedence to buy Gold, let us see if the support will hold.
I'm still neutral on bitcoin as we are already trading high, I want to wait a bit until market condition favor my trading style.
Been on longs on Gold for the past month and a bit in the beginning of this month now with the fib extension level hitting key levels I believe it is about time we get a bit of short position, all depending on market conditions. .
We are currently trending sideways, it's best to take trades outside of the consolidation. Either wait for the break of the support or the break of the resistance . Whatever side the market breaks on we always practice risk management.
Now a lot of people really want to see the pricce of Gold drop, but that won't just happen. As it stands investors re running to Gold as a safe haven cause stocks are a bit shaky with US rate decision(wont go into details). We could come with setup for long position with caution, For today(09/04/2024) I would love to us test the 2332 level to get that dip and be...
Been out keeping an eye on bitcoin and waiting for the resistance area 70k as we had a lot of volume there recently. Let us wait and see how the market reacts to 70k resistance hoping to see huge rejections there.
Let me start off by saying happy Easter to everyone. A new month approaches and we have been bull strong for the entire month actually since the year started. What does this tell us about the strength of the dollar? Or are investors running to gold as a safe haven? For the coming week I am expecting us to finish off the bullish trend, I don't see any other...
We have reached a key level on US30, look from the left we had a lot of reaction which explains the volume that was hidden there. (@39061) Now based of that level we can take buy’s to the up side , not expecting too much resistance as we have clean candles on the left, this should be a good one. ✅
Looking at NZDCAD we a at support we failed to break last time, i would expect the same to happen again. Keeping stops at 30 pips , initial target being 80 pips and till resistance looking at at least 170 pips. Lets see how far we can go on this could be a reversal.
I don't like trading reversals this how i took the trade, i used fib retracement to find extension levels which are critical. I believe you get the gist, based of that and the fact that market is trending upward the dolla has been appearing weak due to fundamental data. The Bank of Europe and rate cuts, global tension affecting Russia due to the attacks
This trading is based on the fact that We will see some aort of consolidation or a good bullih candle, which ever the market provides will decide if the trade is wort executing. On the coming week i would love to see the market give a bit of consolidation to get a proper breakout entry at around 2165.48. I won't say much as the key levels are indicated.