gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....
Traders, Let's review the week's price action on DXY, VIX, Gold, SPY, BTC dominance, USDT dominance, Nvidia, Total3 (altcoins), Solana, and Bitcoin. I'll discuss what the culmination of my indicators is currently showing for the week and weeks ahead.
Dollar strength bottoms historically marked the tops of the Bitcoin bullrun. If the dollar is used to buy Bitcoin, then if the dollar loses strength, more dollars are needed to buy Bitcoin, right? Then if, in the future the dollar crashes hard, can Bitcoin make a super bullish rally?
📊Analysis by AhmadArz: 🔍Entry: 4.926 🛑Stop Loss: 4.578 🎯Take Profit: 5.271 - 5.587 - 5.90 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
MNSO getting some analyst attention lately with price targets around previous all time highs. 34EMA / 200 MA cross up is a sign of potential longer term uptrend and some momentum should price start to push up. Three targets above current move are previous pivot levels it came down from.
As I see it we now have two more likely options regarding price trajectory for Bitcoin. Let's first review what has occurred in the past few days. After 9 hits on our multi-year support, we finally broke WITH confirmation. That last part was important. I had stated that if we break and confirm, our first target down would become that first purple ascending trend...
Good Evening and I hope you are well. comment: Big selling today and melted through 80. My thesis over the past weeks was a correction to around 77. We are at 79 and the odds are very high that we get there. Might see another bounce first though. Unsure and we have to wait for tomorrow. current market cycle: most recent bull trend is over and we are...
- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't...
Good Evening and I hope you are well. overall market comment End of month proved to be volatile and bears made clear that the last bounce was a lower high and we are on our way to new lows. My overall market thesis for the last 2 weeks was, that this bounce should be a W2 and we are in a new bear trend. Now bears need strong selling to break through the...
first we go to 51000$ then we go for 120000$ on my chart you can see if you see😅
Good Evening and I hope you are well. current market cycle: Trading Range or Bear Trend - it’s unclear right now key levels: 60000 - 67000 comment: Also another market right at the inflection point. If we break down from here, we are in my drawn W3 and if bulls manage to strongly break above 67000 again, we might see another 70000/71000 run. I do think...
Quick chart. Price targets marked. It needs to break over that massive trend otherwise, I'd be careful as a bull. Support is somewhat weak until we reach that 450 level. Bigger support comes in lower at around 236. But both are fairly strong levels. RSI is kind of getting up there and showing signs of maybe this being an exit move to the upside before a...
The upward trend of XLK experienced a halt in mid-April, marked by a price breakout below the swing low at $197.3. By retracing the price action from January 2022 to October 13, 2022, a potential pattern emerges, suggesting the formation of a 'Head & Shoulders' reversal pattern. XLK had been on an upward trajectory from October 2022 until April 2024, largely...
wti crude oil comment: Market is making marginally higher highs on the 1h tf but it’s a reasonable triangle we are in. I think it will chop some more inside before another breakout and I think that will be news related/event driven. current market cycle: trading range key levels: 80-86 but converges inside 82-84 bull case: Bull legs inside the range...
Good Evening and I hope you are well. overall market comment Bulls got excited again and calling for new all time highs after a 3 week selloff. Well today was the expected disappointment for the bulls, after euphoric bears got disappointed last week. That’s what markets do after wild moves. No one knows where it’s going and market is looking for the fair...
Good Evening and I hope you are well. Gold comment: Tough spot to trade imo. Different time frames tell different stories here. Daily had a big reversal and closed above the 20ema. 4h says it’s a small pullback from a potential W1 of a bear trend and on the 1h chart we could argue that market formed a nice double bottom and we trade back to the weekly high...
Amidst prolonged tensions in the Middle East, global gold prices have surged, defying expectations despite robust economic data from the U.S. The sharp rise in gold prices comes as Israel signals readiness to retaliate against Iran's attacks, disregarding calls for restraint from Western nations. In the face of escalating geopolitical tensions, global gold prices...
Good Evening and I hope you are well. overall market comment Today’s bounce was expected and necessary for the bulls to stop the selling and the real question was not if we get a pull back but how high it will be. That will determine the new short-medium term targets. bitcoin comment: Most of fintwit will promise you this pullback is the start of the new...