Hello traders. Today, gold closed the weekend trading session at 2,415 USD, up 37 USD compared to the previous day's opening price of 2,378 USD. Do you wonder why gold is increasing so strongly? After yesterday's news the combination of high inflation, massive debt issuance and rapid money printing by central banks is pushing market participants into precious...
Dear traders! On the price chart EURUSD broke the classic bearish wedge structure and reached 1.0867 below the key resistance zone at 1.0900. However, the very strong uptrend seems to be well supported by the 2 EMA 34.89 on almost every time frame and above the key breakout area at 1.0800 which the bulls are holding on to with the aim of strengthening....
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line. From the Elliott Wave...
We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered: In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up: The previous two IH&S bottom formations...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Dear traders! On the 4-hour timeframe we noticed an interesting candlestick pattern setup. Price action was confirmed high above the 1.2645-1.2650 support level. It is expected that in the near future the uptrend will be more certain, the target is at least in the area of 1.2800 - 1.2850
XRP is in a massive bullish triangle pattern. Keep your eyes on this potential breakout! if its anything like the Bitcoin breakout it will be HUGE. - Dalin Anderson (High Altitude Investing) As always stay profitable!
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Impulse analysis shows that 5 waves seem to be confirmed. You may soon have a downgrade.
This daily chart is using a Fib Retracement Indicator starting August 24th,2023 to document the potential top of NVIDIA's run. Coincidentally the bottom of the Harmonic Pattern showing the double top is in almost perfect alignment at the Fib Line of 4.236 or $845.54 which should be the point of exhaustion for the run yet the price went higher up to approx.$967.00...
Litecoin is slowly trending upward since the bottom of the bear market. I am watching this as in reminds me of the price action in the previous cycle. I think it could be a good trade at some point because the market will start looking for unpumped coins. I highly doubt the crypto bull market starts and ends without a litecoin run. Dino coins usually do make for...
We have these indicators for SELL opportunity: - Low volume to continue the current direction - Reflection from the top of the parallel channel - Return/re-test to 3M high (min. for TP1) - Stong resistance line – zone with ATH We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips
hi traders, Let's have a look at BTCUSDT on 1 h time frame. As we can see, the price reclaimed the important support. However, RSI is overbought now on 1h time frame. I don't think that it will continue the uptrend without a pull-back. If we get a pull-back and the price retests the support, it may be a great area to enter long position. Stop loss below the key...
BINANCE:SOLUSDT has done better than I anticipated from the $22 entry and it looks like it is giving another entry setup. Will this move take us back to the $211 mark and go beyond? This remains to be seen as the new found support holds. Past Results does not guarantee future results, do your due diligence. #SOLUSDT
Exponential Growth in Computing Power: The concept could refer to the rapid growth in computing power, where the capacity of processors and networks has increased exponentially over time, often doubling in capability approximately every 18 months according to Moore's Law. In this context, "Power of 3" might symbolize a specific tripling in capacity or a...
The price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement EURJPY is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK!...