Bitcoin has followed my anticipated scenario nicely over the recent two weeks (it doesn't always agree). As I have written in my previous two articles, the 64K and 68K resistance areas are potential take profit zones, NOT locations to put on more risk. Price action appears to be confirming that and is attempting to retrace off the 66K area minor resistance (See...
Dear traders! Gold continues its bullish outlook, based on last Friday's previous close, with prices currently hovering around $2,436 USD. Later on Monday, gold traders will focus on speeches by Bostic, Barr, Waller, Jefferson and Mester of the Federal Reserve (Fed), which could provide some insight into the path future monetary policy direction. A cautious...
Hello dear traders! Overall, as Conan mentioned in the previous analysis EURUSD is mostly showing good growth prospects in all time frames, The main pair's price increase is supported by the softer Greenback. EU is currently trading around 1.08816, higher than 1.0875 on Monday in the early hours of trading in Asia and up 0.14% on the day as measured by...
OANDA:XAUUSD surged, moving towards its next key resistance zone at the 2400 level, where it closed above it. This is a significant bullish sign, as it marks the first time in history that the market has closed above this level on the daily timeframe. The market has also formed an inverse head and shoulder pattern, which has played out nicely. According to this...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test resistance at 2413 with already price close above it leaving gap to 2429. However ema5 cross will further confirm this, as a target. We now have gaps between both support and resistance weighted levels. Gap above at 2429 weighted level and gap below...
BINANCE:BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but...
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 is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for price to attempt the push up, go into resistance where we wanted to short the market into the order region, and then look for the long trade back up from there on the RIP into the levels above. This went extremely well giving us a pin point move from level to level. During the week we...
OANDA:AUDNZD In coming weeks, we can see NZD bouncing back strong, AUDNZD remained bullish, however after looking at the behaviour of how price moved, we expect bears to engulf the trend. Please use accurate risk management to be successful in the market. Like our work? Please like and comment our ideas which will encourage us to bring you more ideas. Team Setupsfx_
💹 Let's dive into the analysis of Binance Coin (BNB), one of the top-ranking and popular cryptocurrencies. We'll look for new entry and exit points to maximize our profits in this market. 📝 Background : As you might know, BNB is the native coin of Binance, the largest cryptocurrency exchange. Many activities on Binance can be conducted using BNB, making it a...
Bitcoin (BTCUSD) is on yet another green 1M (monthly) candle and if it closes that way it will be the 8th in the last 9, a natural Bull Cycle rally. This is taking place around the former All Time High (ATH) level for the 3rd month in a row. A similar consolidation (blue circle) took place during each and every past Cycle and every time a very strong rally (green...
Dear traders! On the hourly timeframe we see a classic bullish pattern. At the time of writing the price is trading above the strong support zone of 2375 USD being protected by buyers on the bullish wave. Accordingly, the 2,400 USD mark is also an important level that Wall Street experts believe that this week's gold price could reach or exceed its all-time high....
As we dive into Ethereum (ETH) analysis, it's crucial to note that ETH's value relative to Bitcoin (BTC) is currently declining, and the ongoing ETF approval process could significantly impact its future. Don't overlook these factors! Analysis Overview: Channel Dynamics: ETH experienced a parabolic move after breaking out from its previous ascending channel. We...
Dear Traders, EURGBP has in bearish trend for a such a long time now, price have not shown any bullish momentum or behaviour, however, this might change price is dropping around to our discounted price zone. Where we expect a large amount of buying volume kicking in. historically, price of eurgbp tend to move slowly compared to other major pairs. So it will take...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2418 resistance and 2379 is the weighted support for this range and we have the correctional retracement zones in-between. We will need to see either weighted level break and lock to confirm the next range. We will need to...
OANDA:XAUUSD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431. The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers...
Hey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range LAST WEEKS UPDATE The mission to...