Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Yesterday I said that if the Bitcoin price cannot break through 63450, it will fall back. However, today the fallback is larger, with the lowest point reaching around 61450. The price currently encounters downward resistance above 61450. If the price breaks above 61850 again, the upward trend will continue. If the price falls below 60800, then the uptrend will...
Following the news, FX:EURUSD has rebounded from a support level and is now making its way towards the next resistance zone. On the weekly timeframe, we're seeing a bullish bar that broke through the previous two weeks' high, indicating a potential upward trend. This break above the key zone of 1.08000-1.08200 suggests that the price may continue to rise. As you...
huge moves are coming, huge gains will be made. patience, and dont be overleveraged. goodluck guys
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...
The price perfectly fulfilled my last idea. It hit the TP. We've seen a retest of the level, followed by a continuation scenario in the market. On the 4H timeframe, OANDA:XAUUSD has bounced off the trendline and support level at 2350. If the price breaks down through this trendline, we can anticipate a high likelihood of sideways movement. However, if the...
AEVOUSDT is currently displaying signs of a potential falling wedge formation, with the price exhibiting a pronounced downward movement towards a slanting downtrend trendline. We have identified a potential ending point for the wedge pattern, coinciding with a major demand zone suitable for accumulation. This zone has been estimated using Fibonacci extensions,...
Hello everyone, I hope you're doing well. Here are several reasons why this upward wave could be wave 5, as I'll explain for clarity: The most important reason is the completion of the 5th bullish Elliott wave and negative divergence on waves 5 and 3. -------- Considering the deep correction within a chart pattern, the structure of wave 4 indicates it was...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest...
FX:EURUSD is heading towards trend resistance with interest. This is also supported by the weak dollar, which is standing still. But, the currency pair is still in a bearish trend Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break...
Hello, Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups. 1: Structure drawing Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from...
Ahead of CPI I am looking to short EURUSD, my targets are below 1.07000 stops above 1.086 area. Use proper risk management. The box shapes drawn on my chart are from GOLD BACH. If you want to learn about it let me know. Cheers
EU is Bearish on HTF During Sunday Market Review we had previously anticipated a short position targeting swing lows, but mostly based on MTF/LTF structure, where we saw CH and a potential pull back to MTF/LTF POI. Unfortunately those POI and CH were all trap that were used to fuel bullish pressure to mitigate POI/IMB. mind you this IMB mitigation had happened on...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Hello, dear friends! Much has been said about Bitcoin cycles, and you've seen many charts, including mine! But today, I'll summarize everything that has been said before: briefly and clearly!So... What Defines the Bitcoin Market Cycle? The Bitcoin market cycle signifies the repetitive trend of price movements within the Bitcoin market, marked by alternating...
Warning: Pump momentum is high, get confirmation for sell/short positions. From where we inserted "START" on the chart, it looks like a big triangle. We now seem to be at the end of wave E of this triangle. Wave E looks like a diametric, we are now in wave g of this diametric. We are looking for sell/short positions on the red range. Closing a daily candle...
Welcome, traders and investors, to our educational post on ascending and descending triangles! In the fast-paced world of financial markets, understanding chart patterns like these is crucial for making informed trading decisions. Ascending and descending triangles are powerful tools that provide valuable insights into market dynamics and potential price...