Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly. As a result, BTC might not be clear of potential sell-offs.
🛢 CL OIL, H4 🛢 29 March 2024
Crude oil prices are on a continuous ascent and are currently testing the resistance level at $83. The optimistic outlook for oil prices persists due to the announced production cuts by OPEC+ and the resulting tighter oil supply expectations. Additionally, the decline in the oil and gas rig count in the U.S. during the last week of...
Gold price keeps advancing on Thursday, now trading around $2,215. The XAU/USD pair is up for a fourth consecutive day and flirts with record highs as market players assess the latest comments from Federal Reserve (Fed) officials. Late on Wednesday, Fed Governor Chris Waller said he is not in a rush to cut the policy rate, as recent data suggests the central bank...
EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.
AUD/USD, H4 29 March 2024
The Australian Dollar extended losses for a second consecutive session, driven by disappointing Consumer Inflation Expectations and Retail Sales figures from Australia. Additionally, the ongoing bullish trend for the US Dollar, particularly ahead of the pivotal PCE report, further weighed on the AUD/USD pair. However, subdued market...
AUD/USD, H4 29 March 2024
The Australian Dollar extended losses for a second consecutive session, driven by disappointing Consumer Inflation Expectations and Retail Sales figures from Australia. Additionally, the ongoing bullish trend for the US Dollar, particularly ahead of the pivotal PCE report, further weighed on the AUD/USD pair. However, subdued market...
EUR/USD, H4 29 March 2024
The EUR/USD pair faced downward pressure as the US Dollar continued to appreciate. Investor sentiment favoured the US economy's gradual recovery over the European region, heightening expectations for the Federal Reserve to maintain elevated interest rates. In contrast, the European Central Bank signalled potential monetary policy easing...
GBP/USD, H4 29 March 2024
The GBP/USD pair remains under its downward trend resistance level, indicating a continued bearish trajectory. The UK GDP figures, released yesterday and aligning with market expectations, were insufficient to bolster Sterling's strength. Conversely, the US dollar received a significant boost from the country's positive economic data,...
🔖XAU/USD, H4🔖 29 March 2024
Gold prices soared to a record high of $2236.25 yesterday, moving in sync with the dollar's trajectory. Despite the upbeat economic data, traders in the gold market are strategically positioning themselves ahead of the highly anticipated release of the U.S. Personal Consumption Expenditures (PCE) reading scheduled for later today. This...
💵 DOLLAR_INDX, H4 💵 29 March 2024
The Dollar Index received a boost, surging past its previous resistance level at 104.45, driven by a series of positive economic indicators released yesterday. The U.S. GDP growth rate exceeded market forecasts, registering at 3.4%, while Initial Jobless Claims dropped, suggesting a robust job market. This upbeat economic data...
Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that...
Technical analysis
GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now...
Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are...
I'd like to repeat. Casino tokens. Still one of the easiest plays. They've been accumulating like crazy. The house always wins. It's gonna be a long shitcoin festival. Choose the house.
