Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
Dear traders! Exiting the discount channel has caused product prices to increase impressively. At the time of writing, the crypto market is trading below the next hurdle at $63,485. The uptrend is strong as it consolidates at high levels with steady trading activity on the 1-hour timeframe. By remaining at these high levels, it is likely that $62,000 will be...
Hello dear traders! Currently, gold price (Xau/USD) is trading at 2,348 USD, equivalent to 12 USD compared to the beginning of the session. The main reason is comments from the Federal Reserve (Fed) and increasing speculation that the Fed may delay its easing plan, which has pushed up the greenback and pulled down gold prices. With lower USD. However, signs of...
Hello wonderful friends! On the previous H1, we saw the trend change, then the market entered a consolidation phase and reached 146.44. It is currently trading below resistance holding the price around the 148.00 area, but amid price compression and a gradual approach on growing volume sellers are less likely to hold the resistance zone. Personally, I still...
Hello wonderful friends of Ralph Benjamin! Regarding developments and results of EURUSD impact news: A resurgence of bearish sentiment on the US Dollar (USD) fueled a strong reaction in EUR/USD, pushing it to multi-day highs north of 1.0800 at the start of the week . Conclusion and new outlook for EURUSD: EUR/USD recovered the recent gains recorded in the...
BTCUSDT Trading Strategy: On H1, the price completely broke the trend channel and was completely below the resistance mark of 61,000 USD, showing that selling pressure from bears is strengthening. Accordingly, the price continues to be below the 2 exponential moving average technical signal from the EMA 34.89, which raises hopes of a sell-off. So, it wouldn't be...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
Hello smart and wealthy traders! Selling activities to take profits and investors waiting for US inflation data caused the market to decline in the first session of the week. Closing the trading session on May 13, world spot gold price decreased by 24 USD to 2,335 USD. During the session, the price at times dropped close to 2,330 USD. Analysts believe that...
Dear traders! Let's strategize our new day! I think the main medium to long term trend for BTCUSD remains bullish as the trend line is still there. However in the short term, I expect the last 50% of the downward move looks to be an interesting area to get into a strong buy position until the price touches the 53k area! 53k is this area that is still very...
Hello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️
Hello dear traders! Currently, EUR/USD trades lighter at around 1.0770 during Asian trading hours on Monday and is up 0.03% on the day. While a test of the key resistance zone around 1,080 remains elusive. Meanwhile, spot is expected to maintain cautious trading ahead of the key release of May's Michigan Consumer Sentiment and the Fed's speeches by Bowman, Barr...
Bitcoin (BTCUSD) just completed the final consolidation phase (red Rectangle) that as per the price action of past Cycles, is the final stage before the 1-year rally to the new Top. As you can see alt coin market (black trend-line) tends to bottom after Bitcoin's rally has already started and when it turns sideways again for a few weeks. Technically alts make...
Today when US markets open I am planning on taking a large swing put position in NVDA with various deep OTM strikes. Here's the complete case for a NVDA top having been made and the start of a massive mean reversion. For a while I've had the 1,000 area marked out as an important level for NVDA. Not based on it being a psychological level (Tbh, I feel they...
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...
Too early too say but if it breaks point B then we can see the price at point D in the coming days. Will have to wait 1 or 2 weeks to see this. On the other side if price breaks point C then all the scenerio is cancelled.
ALGO: Bullish Bat Pattern Algo completed a bullish BAT pattern signaling a possible correction or a change in trend. What is important is that in both ways the pattern is signaling for a possible bullish wave. Considering that the price reacted perfectly after the pattern was completed this is adding the chances for a clear bullish movement. You may find...
As per chart short from the .618 with AB=CD Confluence. The target is the bigger AB=CD into support, and 1.27 extension of the AB=CD pattern.
OANDA:XAUUSD Our last idea on gold turned out to be 700+ pips opportunity, here we have seen some bearish movement that has started happening. There are some areas that needs to be filled around $2330 area which remain a vital key level for buyers. Please use accurate risk management and do your own research.