This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Gold prices recorded a slight decline after recent losses as traders continued to price in higher longer-term US interest rates ahead of the US Federal Reserve (FED) meeting over the weekend . The yellow metal fell from record highs reached in early April as safe-haven demand weakened in the absence of any escalation between Iran and Israel. This makes gold...
Hey Everyone, Once again our chart is playing out level to level. Yesterday we got our bearish target hit first at 2327 with no lock below and therefore confirmed the rejection and gave the perfect bounce inline with our plans to buy dips for a nice clean catch. Today we got the lock below 2327 opening the retracement range, which was hit perfectly and gave...
From a technical point of view, today's market situation: On the daily chart, there was a negative line yesterday. It can also be seen that the market has closed negative many times since 2431, and the double indicators are still crossing downwards, especially KDJ, which had an upward limit before, and now starts When the price goes down, the upper track of the...
The current selling zone for the AUDUSD pair is at 0.65217. This means that traders are looking to sell the Australian dollar against the US dollar at this price point. In this scenario, traders have set specific take-profit levels to capitalize on potential downward movements in the pair. These take-profit levels are strategically placed at 0.65026, 0.64810, and...
On November 27th, 2023 the “Collapse to $30” idea was published (below). The idea was met with some rebuttal, shall we say. The evidence for a collapse in Litecoin price action has only grown in the past few months. A new candle prints on the above 2-month chart in 14 days. If it prints as is, it will be a Gravestone DOJI. Such candlesticks on this timeframe...
Bitcoin to US Dollar (BTCUSD) is currently trading at $63,371.96, showing a promising trend for buyers. Considering the current market conditions, it's advisable to open a buying position now. Setting a stop loss (SL) at $62,500.00 can help mitigate potential losses in case the market moves unfavorably. Moreover, setting multiple take profit (TP) targets can help...
The current selling zone for the GBP/USD pair is at 1.25284. Traders are eyeing multiple take-profit levels, with the first at 1.24585, followed by 1.24000 and 1.23500. These levels represent strategic points where traders aim to exit their positions to lock in profits. Additionally, a stop loss has been set at 1.26000 to mitigate potential losses in case the...
Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
The Federal Reserve is expected to announce its monetary policy decision from the April 30-May 1 meeting. It is anticipated that borrowing costs will remain unchanged at 5.25% to 5.50% and forward guidance will stay the same. The focus will be on Fed Chair Powell's press conference for insights into the policy outlook, as there are no new economic projections at...
The current selling zone for the EUR/UAD pair is at 1.06941, indicating a potential opportunity for traders to sell this currency pair. Within this setup, there are three specified take profit points at 1.06454, 1.06335, and 1.06300, indicating the price levels at which traders may consider closing their positions to lock in profits. Additionally, a stop loss...
The current selling zone for the USD/JPY pair is at 156.79, indicating a potential downward movement in the currency pair. Traders are eyeing multiple take-profit levels, with targets set at 156.40, 156.00, and 155.50, reflecting varying degrees of profit-taking strategies. These levels suggest that traders are anticipating the pair to decrease in value, with...
The GBP/JPY currency pair is currently indicating a selling zone, with the price at 196.604. This suggests a favorable opportunity for traders to sell the pair. To capitalize on this potential, traders may consider setting take profit levels at 195.50, 195.00, and 194.50, to secure profits as the price declines. Additionally, it's prudent to set a stop loss at...
- The market still trades above a bullish trend line since mid-February 2024, strongly helped by a decreasing Pound Sterling. The mid-term trend is bullish for UK equities. - Since the 3rd impact on its bullish trendline at the end of last week, the market has rallied to an hall-time high above 8,000pts. Since the impact on the 8,200pts mark, we can notice a...
Introduction - I am setting up for 16-20 hours per day continuous gold forecasting. I MAY have the demand to start this now, I am not totally sure. I'll find out in a day or two. Let me be clear, if there was ever a time to trade gold, THIS IS OBVIOUSLY THAT TIME. Details - In chart above, this is a slightly modified route vs most recent route from DRAFT...
The current selling zone for XAUUSD is between 2326 and 2326.00. Traders are advised to consider three take-profit levels: 2322.00, 2315.00, and 2310.00. These levels indicate potential exit points where traders can lock in profits as the price of XAUUSD declines. Additionally, a stop-loss order at 2335.00 is recommended to limit potential losses in case the...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...