New Week, New Challenges! 💪Hey Traders! 🙌
New week, new challenges, and the markets are buzzing! 🐝
🔥 Bitcoin: It's at a pivotal 31K level. Keep an eye on the resistance cluster. If it breaks, we could see 45K. 🚀
📉 NASDAQ: Currently at a major resistance level of 14,646. Today's opening is crucial. Will it rebound or sink? 🤔
📊 S&P 500: We've been short and it's paying off. Watch the U.S. market opening closely. It's a 50-50 game right now. 🎲
🛢️ Oil: Closed long positions at 93. The Middle East situation is making it volatile. Don't fall for the long trap. 🚫
🔗 Link: Our next target is 14.44. The chart is straightforward and bullish. 🐂
🌍 And hey, it's 2023. Let's hope for peace and positive vibes all around. 🕊️
🔒 Gold: Not my preferred asset, but if it breaks over 2001, I might go long. 🏆
That's it for now! Stay tuned for more updates. 📲
One Love,
The FXPROFESSOR 💙
Video transcript:
0:05 New week, new challenges, let's go. Hi everyone wishes for a nice week. First of all Monday and a Monday with Bitcoin storming to 31k and getting rejected for the time being before it tests a very crucial resistance cluster which I have covered very, very recently in many occasions.
0:32 So we're going to go through my ideas, but just so that you know the levels. We have support at 29,000.
0:41 We probably have a lot of support over here. Moving exponential. Moving average around just below 30,000 also. And you cannot detect the 30,000 as a round number the same way.
1:00 You cannot leave this level here, which is also support. So. I'm expecting to test this major resistant cluster and then we'll see if we will have a breakout from here.
1:13 So let's put it there. Time has progressed a little bit. Okay. And that would be the big one because the next level.
1:21 Would be around 45,000 according to my analysis according to the same charts that I've been sharing in the last few months at the same time.
1:32 We have situation in the Middle East, which is no We'll have. We have been short on indices and I can tell you that Nasdaq has lost this major level.
1:46 Okay, so this is now Nasdaq at major resistance. At 14,646, so today's opening will be crucial to see if the indices will be able to do better.
2:08 Okay, and if they will be able to rebound from there, you can see how huge this level is. So according to my analysis, this level is going to cause concerns and we can see NASA dropping even more.
2:24 Similar chart. With SMP 500, which is has some support there, but we have been short from there. So let's go to this chart and then I will show you the easiest chart.
2:38 We have these last a few months and the best entry we had on link and why we did so well and why we have a new breakout.
2:46 And I can see 14.4 as the next target. But before we do that, let's go to the previous charts. So I have the video explaining why the 31 K is a pivotal level and why it's crucial.
3:02 And we are there chart that you looked just a few minutes ago. Of course, before that we had October. And most importantly, this entry here, which was up to 29, more than 75% possibility.
3:21 And the next level are 31 K and I called it. I had the the balls to. Say that maybe it's time to say ideas to 25 K or lower.
3:36 And of course from there, the chart worked exactly. We did have a retracement there at 26, 600 and we had a.
3:45 Hopefully entry and from there we've been going higher and higher. Okay. So 26 600 600 the last entry 29,000 checked.
3:56 You see how it acted as a level of resistance. The price thought and now almost. 31,000. We haven't checked my level clearly, but I believe that's what happening next.
4:07 At the same time, we need to, I mean, we can go through the altcoins. Okay. But before we do that, we had crude oil.
4:21 Okay. We closed along positions at 93 and we were very right to do so. You see this chart also working really, really well.
4:30 And the situation in Middle East is affecting the price of oil. Oil and a lot of trades are going long, big time on oil, but we didn't fall for that trap because that's what it ended up being.
4:41 And of course, S&P 500, given that we have altcoins we have Bitcoin and some altcoins. Long we had to be hedged.
4:51 So we gave a fantastic entry guys on S&P 500 short. And you can see again how this level played out very, very nicely.
5:00 And I believe that today's US opening will be very important. We already have NASDAQ and you saw it's under support.
5:10 S&P is going to check its own support. And then we'll see what happens at the US market opening if we will have a rebound or if it will go lower.
5:20 If you ask me right now, I will consider it's 50-50. I'm going to close with LingQ. So LingQ, the most straightforward chart you have, we have seen.
5:32 So the last entry we had was at 6.03. As you can see, you say, hey professor, Yes, sir. 5,000, blah, blah, blah, but is it really 5,000?
5:40 No, it's a lot more guys because it was open at 6.03 and it was compounded and doubled along the way.
5:47 But we took profit here and here. You can see how straightforward this chart is. Just like it's the simplest chart in the world is a channel, okay?
6:00 And resistance, resistance, resistance, support, support, support. Last time we have the fakeout here and the it's back on, back being bullish and the last entry was here at some different levels and a different exercise as I had shared with my audience over here and of course 14.4 is the next target
6:23 because what do we have today? We have the breakout, so if I go to the 15 minute chart, we had a breakout here and that means that this level is now the new support, okay?
6:37 And take a wild guess if the price dips under there. We'll go short. But for the time being, we remain long and the next target is 14.44.
6:49 Okay, let's not look higher. 14.44 would be an awesome level to conclude this trade, which again, we had already taken profit once, twice, but we actually did increase it here.
7:04 We've been quite active in my community with trading link and the chart has been working really, really nice. Now, link is a very important altcoin, but we could look at bitcoin first, so this is a bitcoin chart which I will share with you on a different post, just a chart.
7:27 So let's see how you are. Let's wish for peace in the Middle East and everywhere. It's the year 2023. Do we really need to kill each other and divide ourselves and think about all the negative things?
7:41 Or can we find some f****** solutions and work around? Something positive on this planet? Well, I don't know, but Bitcoin remains my top asset because if the shit hits a fan, Bitcoin is what I'd like to hold.
7:54 If the banks go bust, Bitcoin is what I'd like to hold. If the economy goes well, and that's what we hope, and if the trouble is saved, then we would like to see the ETFs joining, and Bitcoin has already, I believe, proved itself as the best safe haven.
8:10 I mean, maybe we should like take a look at gold before I go, and a lot of people rush it.
8:16 We are getting into buy gold, especially older fellas that they don't understand what Bitcoin is, but what we had here, October 20th, gold resistance 2001.
8:27 So I guess I was right again, at least for the time being, but that gives us a nice heads up.
8:33 To go short on gold and my target for gold is 1938 and 1881. Yes. If it does break over 2001, I'm going to go long to 2052 and eventually 2134, but that's not a lot.
8:48 I'd rather stick to Bitcoin, which again is my preferred assets. That's it from me. Take care. Catch up with you later.
8:56 I love you.
