If you are wondering why #Silver is freezing up...
All you need to do is look at its quarterly chart.
I can't over emphasize the importance of the wall at 27$.
11 times it was denied, making it a critical level.
Bullish momentum is putting upwards pressure on it.
Welcome back to the second part of our series on hunting for trend days. In Part 1, we explored the fundamental characteristics of trend days and the essential tools for identifying them early. Now, let's delve deeper into advanced strategies for maximising opportunities and effectively managing trades during trend days.
Advanced Strategies for Identifying...
BINANCE:BNBUSDT has been consolidating over the month now. It is heading toward the bottom of the consolidationg zone. As you can see, the market made impulse leg. I think the market might move down to retest lower prices down to 500. We can expect the market to retest the previous month low from the trendline and swap zone. If the price rejects the resostance...
BTC is at new lows, the good thing is alts are holding and performing well in BTC pairs.
All we want to say is to add more to your bags at new lows. These numbers will not appear again in near future.
Silver is testing a key daily horizontal support at the moment.
I see a strong bullish reaction to that on an hourly time frame:
I see a confirmed breakout of a resistance line of a falling wedge pattern
and a double bottom formation.
I expect a pullback at least to 26.64
❤️Please, support my work with like, thank you!❤️
➖ Notice that Polygon (MATICUSDT) has been moving within a lower high for more than two months, 66 days.
➖ Notice that it has been moving within a wide range for 109 days, more than three months.
More than three months and basically no growth, why?
How can we interpret this information?
What does this means for Bitcoin and the Cryptocurrency market as a...
Market conditions are always changing, so we need to be flexible in order to be able to adapt to change.
XRP has been shaking... We had a bearish idea and yielded to commentators pressure (one great reason not to read comments) and went ahead to published a bullish idea; the chart was bullish at the time though. The bears came back and we published a new bearish...
Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action.
I hope you are having a nice weekend.
Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when...
Gold: previous comment warning on downside risk
Following a strong run, the candle structure reflects indecision. This is denoted by the development of 'doji' candle formations for the past two sessions.
The price is extended vs it's rising 21-ema and rising 50-ema.
The short term trend is steep, with the price extended well above the incline which extends...
How do we know if this is a short-term drop (a retrace) or a long-term drop (a correction)?
➖ One way is to take into consideration the duration of the bullish phase and compare it to past history.
➖ Another way is to look at the proportion of the waves; a parabolic rise will always lead to a strong correction.
➖ An easier way is by looking at the trading...
This is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart.
Here we have Cardano on the weekly timeframe, five weeks going down.
➖ The five weeks going down can tell us that a bearish move...
Here the leverage can now be increased. It doesn't matter if you entered before or after the peak, if you are doing it short or long-term; this is easy profits.
Ethereum seems to be headed lower based on chart signals and lots of data we looked at in previous weeks.
The correction might end up being boring... I think nobody is going to like seeing the market...
➖ Bitcoin produced a new All-Time High followed by a rounded top pattern.
➖ Bitcoin is now moving within a lower high compared to the newly established ATH.
Any trading below the ATH —such as is happening now— can be considered a SHORT opportunity.
The stop-loss can be set above the ATH.
Below the full numbers...
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SHORT BTCUSDT
Leverage: 8X
Buy-in:...
The AUD/USD exhibited sustained growth throughout the previous week, aligning with our earlier forecast. It reached the 0.6580 level, where we identified a convergence of technical, seasonal, and economic indicators. Technically, both the H4 and H8 timeframes show divergence on the stochastic indicator within the 78.6% to 61.8% Fibonacci range within a bearish...
Following its ascent to approximately $18,451, the NASDAQ Index underwent a notable downturn, descending to the vicinity of $17,000 by April 22nd. In the aftermath, a bullish resurgence ensued, marked by a retracement phase wherein the price remained confined within the 50% to 61.8% Fibonacci levels. Notably, this retracement phase coincided with a notable...
