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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
BTC Market Structure Changing - What to watch for Understanding price action and market structure is one of the most valuable concepts in terms of keeping your head straight in this market. Bitcoin recently printing a couple signs of changing market structure and I wanted to share because sometimes this stuff is almost too simple that people overlook it. The chart above is showing that after the enormous BTC drop in November, we started to print some higher highs and higher lows. In other terms, the 4hr chart was showing a bullish uptrend. This uptrend is shown by the orange line on the chart. All of this is great and wonderful, but this is where things start to change. About a week ago, BTC price action pushed through this uptrend and closed a strong bearish candle. This was our first sign that something in the structure/trend is changing. This is an important thing, so I'll repeat it; The price action breaking through the orange trend line DOES NOT mean the market is reversing but it's a great warning sign that it's time to pay attention and be cautious with trades. This price action continued to drop far enough that we have already printed a lower low, which is also marked on the chart. And yet again, this does not mean that the market is reversed and going down, but that it's time to pay close attention to the price action coming up. So the question is what's next? That is impossible to predict perfectly, but I'd like to share what is incredibly possible using similar market structure and ideas: If the market structure is actually changing like the warning signs have been saying, then it's fair to expect a lower high to be printed as the market moves in waves. The question is simply where to expect a lower high. It can occur anywhere, but what I have marked on the chart is what I would consider to be a highly likely area for a lower high. This would be retesting a level of strong resistance for BTC. This also overlaps nicely with the Fibonacci golden pocket retracement that BTC loves to follow. That's really all there is to it, just support and a couple Fibonacci levels. This may change as more data comes in the next couple weeks but this is on my radar right now. Happy trading! And keep an eye out for a lower high in the near future! Slight word of caution: Volume will likely be very low in the coming 2 weeks due to holidays so don't get caught up too much in the noisy data and price action that occurs between now and the new year
by Obscure_Trading
BEARISH Bitcoin Idea ( may not happen but....)Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many charts pointing towards something happening but as we all know, predicting PA is often foolish I do have Bullish charts also but mostly from projections using Fractels..... Be ready to react is the only thing I will say Apart from Happy Christmas and a Merry New Year...I think BTC will recover in '23
BITSTAMP:BTCUSD
by Orriginal
1