Yesterday, we bounced off the buyer's zone in bitcoin , but the movement is very weak. Now a re-spill and test of the lower extremes $60,700 and $59,000 is very likely. Open long positions are better to be transferred to break-even. The bull market will only be broken with a true breakout of these marks, until that moment longs are a priority. Sale zones: ...
Historically, after exceeding its ATH, BTC made a small and healthy correction for market in which short-term investors sold out - this correction always fluctuated around 17%-18%. BTC has made such a correction and, according to analysis of previous movements, it is currently ready for a quick and impulsive increase of up to approximately 58%, which can bring it...
BTC Update: BTC is currently at culmination of game and a certain channel. In my personal opinion, probability of an upside is very high and I have two reasons for this: we are on lower line of channel, which should act as support - next thing we do is retest the downtrend breakout lines. Additionally, greed is high and everyone is waiting for a big correction to...
I don't want to clutter the chart too much In my opinion there might be a divergence possibility on the higher timeframe The reason for my analysis is that it might be better to act a bit more intelligently
In the daily time and 4H, it has moved a full upward cycle, which now seems to be preparing for the start of an attractive rally after the 3-fold correction. Therefore, a new floor should not be built. ⚠️Note: If the sub-zone of 97 cents stabilizes, the transaction will be reversed and an alternative scenario must be defined for it, and this scenario will be...
The Euro-Dollar currency pair is moving in a descending channel, which is currently moving according to the corrective structure of a three-wave. Two current paths to continue its reform path can be imagined. An upward movement in the form of an X wave will continue its correction along the way to the previous floor. ----------------- Please support this idea with...
Method : Fractal Geometry Research White Line : Fantom Purple Line : Geometry fractal predictions Observing historical data from the smallest particle frame to larger time frames using fractal and Fibonacci, methods are very suitable for investors, spot traders, long-term or swing trades. !However, it's not suitable for scalping, short-term, or future...
It is moving in a descending channel at time H1. The roof of the channel is being modified for a short time by forming a double roof. Therefore, it can face further correction up to the midline of the 12.5 dollar channel. If the stabilization candle closes above $12.5, the trend can be reversed.
Method : Fractal Geomerty Research White Line : Matic Chart Purple Line : Geometry fractal predictions " Previous history has been a repeated failure; the more I delve into this method, the closer I get to patterns that resemble the actual future. The more it fails, the more patterns/options I find that approach success in analysis. Because this method is an...
new shopping opportunity in eurusd likely to be activated in the London session after manipulating the Asia session, advice: manage your risk and for more information do not hesitate to ask in the comments
GBP/USD recovers from the recent losses ahead of UK CPI. The monthly inflation could fuel speculation for another interest rate hike by BoE. US Dollar encounters difficulties amid dovish remarks from several Federal Reserve members. GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on...
The Euro comes under pressure following weekly tops vs. the US Dollar. Stocks in Europe trade mostly on the defensive on Tuesday. EUR/USD runs out of steam near 1.0580. The USD Index (DXY) maintains the constructive tone near 106.40. Germany, Eurozone Economic Sentiment surprised to the upside. US Retail Sales came in above expectations in September. The Euro...
Gold price (XAU/USD) extends upside ahead of US President Joe Biden’s visit to Israel amid deepening Middle-East tensions and the speech from Federal Reserve (Fed) Chair Jerome Powell, which is expected to provide significant guidance on interest rates. Investors hope that Powell will favor a neutral monetary policy and join other Fed officials who recently said...
* Gold prices have found some support after plunging to a 7-month low,” noted Ed Moya, analyst at online trading platform OANDA. “Treasury yields are still rising, so gold’s respect of the $1,830 level could become major support. The rally in yields could continue but we should see some exhaustion as Wall Street awaits the NFP report and ahead of a long...
Pound Sterling capitalizes on improved market sentiment and BoE’s Mann hawkish commentary. Katherine Mann favored an aggressive policy-tightening approach. Investors shift focus to the UK August GDP data scheduled for Thursday. The Pound Sterling (GBP) stabilizes after recovering from a six-month low as market sentiment improves and Bank of England (BoE)...
- After NF, many candles appeared to form the Dow breaking the 1830 resistance zone. Establishing a new structure above the 1830 level, the H4 frame showed a reversal signal, along with the flare-up of tensions in the Israeli-Palestinian conflict causing The outbreak of a geopolitical crisis will certainly cause panic about the need to buy safe-haven gold. - The...
EUR/GBP continues the losing streak that began on Tuesday, trading lower around 0.8650 during the European session on Friday. On Friday, better-than-expected United Kingdom’s (UK) housing data could provide minor support for the Pound Sterling (GBP). Halifax House Prices (MoM) declined 0.4% in September compared to the market consensus of a 0.8% decline and the...