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23/01/23 Weekly outlookLast weeks high: $23381 Last weeks low: $21882.5 Midpoint: $20384 BTC continues in a strong bullish trend after concluding another week of upward movement. Last week I stated that the 0.75 (~20.4k) line was a key area to look out for as if it were to be lost and confirmed as resistance, BTC would start to look bearish. However, this area was tagged (and a strong reaction off it enabled a strong rally thereafter. Bitcoins pattern of strong rally's followed by a consolidation period of sideways movement has happened 4 times now this calendar year already, who knows if this pattern will continue. My prediction would be to fill the FVG down towards 21.7k before any further continuation long
by ProR35
Trac 1.618 to the moon! Based on last 3 market cycle highs for Trac, this chart shows that it has respected the 1.618 Fibonacci extension as the high. Also when back testing it shows all the 0.618 fib lines up with the previous market cycle highs and the first market cycle 0.618 has held as the floor, I like the symmetry of this! Based on previous data the next high is roughly projected to be around $15 usd which is the 1.618 extension! This Project has been creating some amazing partnerships and technology and the fundamentals are looking strong. I believe it is just a matter of time before the asset price catches up!
TLong
by rydog2010
GBPUSD bearish targets FX:GBPUSD Hes Traders, GBP/USD has been unable to break the top trendline on the daily view. In my opinion for next week, GBP/USD will not be able to break this trendline, it may wick above it for a short time, but it will not completely break it. A complete break for me would be more than two 4-hour candles closing bullish. Another indication of a bearish move for me is the daily Fibonacci retracement, it is currently just above the 68% level. On the 4-hour chart, the currency is at the 78% level and also in a major resistance zone. This is the third time that the currency has attempted to break this zone, and I don't think that will happen if the USD is bullish. My target profit zone would be the Fibonacci -27 level, as there is also a significant resistance/support zone there.
Short
by ElliotXSolana
4
16/01/23 Weekly outlookLast weeks high: $21568 Last weeks low: $17132 Midpoint: $19350 What a week for BTC and crypto in general. After finally breaking the 17k level a complete surge up to 21.5k. However, acceptance above this level is key to the bullish narrative continuing. The market still seems adamant on one last further pullback to new lows, with the macro environment considered and the lack of new money inflowing I don't think BTC is out of the woods just yet. This week I'm keeping a very close eye on the 0.75 line, if price was to fall under -> retest as resistance -> confirmed as resistance then a lot of this prior move could unravel.
by ProR35
2
GOLD LONG SET UP Hi Everyone, Wanted to share my idea on where i think gold is heading for the next days, using price action, support and resistance zones and the Fib Levels. We can see that Gold did a solid move downwards and now seems to be in a pullback, if we enter now i think its fair to expect a pull back to the 38 and 50 level which are our TPs. Gold also broke the resistance zone in green which is now acting as a big support. Let me know where you guys agree or disagree on this idea and also let me know where you guys think gold is heading for the next days. Cheers everyone!!!!!
OANDA:XAUUSDLong
by sweeezy
BTC Analysis I'll cover fibonacci, volume range, general trend, macro correlation coefficient and MA analyses. This spread graph pins BTC against safe heaven assets, which include: Commodities (SP:SPGSCI), the U.S dollar (DXY/M2SL) and U.S Bonds (1/(TVC:US03Y+TVC:US02Y+TVC:US05Y+TVC:US10Y+TVC:US30Y)+1). Given representation of BTC's price accounts for various allocations of investors' capital to evaluate it's true intrinsic value. This favors accurate measurements. Fib Analysis The significant accuracy of demonstrated Fib levels confirm their precision. Current price level appears to be weakly breaking out of its fib resistance. General Trend Monthly: Weekly: BTC seems to be breaking out of the green parallel channel. In line with current economic conditions BTC's price is trading at it's lower price range. CC & MA Ribbon Pane above illustrates BTC's correlation coefficient with those safe heaven assets. A peak in their relationship implies a climax in BTC's short-term trend with those assets; acting as an RSI. Volume Profile This indicator is extremely useful, however difficult to use in long-term analysis. Through utilizing the ''free fall'' parallel channel(pink) and the indicator, evident resistance/support line intersections may be useful for evaluation. Conclusion Returning to the main graph, having had considered all these points, I presented an opinionated path of my prediction for BTC. ^ leave comments, questions and etc ^ I'll always reply ASAP
CRYPTOCAP:BTC
by Sanzhar_m
3