Make sure you prepare for this huge historical bullish trap on Bitcoin. Why? First, look at the price action. We have a bullish flag, that's what everyone sees. The market makers count every cent on their accounts, and this is a pretty good opportunity for them to make a lot of money by trapping retail traders. What will a typical retail trader do in this...
🔴Gold extends decline after US Nonfarm Payrolls beats expectations Gold (XAU/USD) falls all the way back to the $2,294s on Friday after the release of US Nonfarm Payrolls (NFP) data shows the US economy added 272K jobs in May when 185K had been expected. The result was also higher than the April figure which was revised down to 165K. The US Bureau of Statistics...
Hello there! What are your thoughts on BTCUSDT? Yesterday, Bitcoin saw a pullback towards the end of the session, slipping below the 70,000 USD support level and is now trading around 69,500 USD. It seems that BTC lacks the momentum to break past its record highs. Looking ahead, further adjustments are expected, and buyers need to hold the line at 67,000 USD to...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...
Dear traders! As expected BTC is falling after failing to overcome the 72,000 resistance level although the outlook going forward is positive. On a smaller time frame we can catch the selling rhythm of the market remaining when it breaks the uptrend line and forms a good arc. I predict that BTC will have a pullback to the resistance area (70,115). The price...
Dear traders! EURUSD is trading on a clear uptrend on the 4-hour chart although the upside momentum is showing clear downside. I expect the horizontal support and trend channel cap to be retested soon to accumulate bullish momentum before resuming growth with a target to retest the 34.89 EMA i.e. 1.0850
Dear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive. By maintaining this high level, Conan optimistically assesses that in the...
Hello everyone, let's dive into today's gold market update! Yesterday, gold took a sharp dive and is now standing at $2,294 per ounce, down $84.29 from the previous day, with no signs of stopping. This decline was driven by stronger-than-expected U.S. job reports, which crushed hopes for a rate cut this year. Additionally, data showed that China, the world’s top...
Yesterday, the price fell sharply, and the price fell to the trend line below the channel line. It did not rebound but broke directly. It is expected to be a downward trend in the short term. The current trading idea is to sell when it rebounds to the resistance level. At present, you can focus on the 69600-70100 resistance range. The price rebounds to the...
Dear traders! Overall gold experienced significant volatility yesterday with a drop of over 800 pips to reach 2294 over the weekend. Accordingly, from a technical perspective on the 4-hour chart, the 2300 USD Psychological Resistance Zone continues to hold the price amid a correction and sell-off after a clear breakout on the chart. Personally, I appreciate that...
Traders! BTCUSD breaks trendline on 4-hour chart. And buyers are trying to retest the $70,000 resistance and even $70,500 liquidity. I expect that after the pullback, the price will continue to sell, the short-term target is the 64,500 USD area if buyers do not successfully defend the 67,000 USD area.
Dear traders! On D1 XRP is forming a bearish wave within the descending channel. The lack of momentum in breaking above the 0.55x resistance level is showing that the bullish momentum is losing momentum and the bears are in strong control. Accordingly, the steady decline in price along with the balance wedge has been broken. I expect that after a pullback to the...
In trading, wicks on candlestick charts represent the highest and lowest prices during a given time period. Long wicks can often be seen as a sign of market indecision, but they also tend to get filled by subsequent price action. This phenomenon occurs frequently and can provide valuable insights for traders looking to capitalize on price movements. In this...
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
Today, the EUR/USD pair is trading around 1.0790 afteDiverging Central Bank -U.S. Federal Reserve (Fed): The Fed is signaling potential interest rate hikes to combat inflation, strengthening the USD. Their aggressive stance makes the dollar more appealing to investors l -European Central Bank (ECB): The ECB is more cautious, focusing on economic stability...
💹 Let's dive into updating our analysis of JASMY coin. We'll review our previous triggers and entry points and examine new opportunities for profitable trades. 🗣️ Market Overview: Before diving into the JASMY analysis, let's discuss the recent events in the market. Yesterday, the crypto market began to decline after the U.S. non-farm payroll data for May came...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...