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Fibonacci

US T-Bonds - End of January AnalysisNew month = more opportunities and with January closing just before a weekend, it gives me the added advantage of sitting down with price action whilst the market is not moving and gauging the next draw on liquidity on a macro scale. This analysis goes over what to expect on a long term time frame; 6-months & 3-months retrospectively and also covers what I expect to take place in the next following weeks. The monthly highs is 115.01 The monthly lows is 110.19
CBOT:ZB1!Long
by LegendSince
Bitcoin (BTCUSD) - $99,000 Would Really Piss People Off!When Technicals talk, I listen. Weakness is starting to show inside of a premium range after an attempt on all-time highs whilst Donald Trump made an announcement on Monday. As somebody who is pro-crypto, such speeches should strengthen the price of Bitcoin but the opposite happened. Smart individuals buy when there is panic in the marketplace and there is plenty of opportunity to dollar cost into BTC below FWB:88K but for the time being, $99k is the price point to keep an eye out for.
COINBASE:BTCUSDShort
by LegendSince
2
Gold (XAUUSD) - What Will Stop The Gold Bull Run?It seems like everyone is piling on the gold gravy train as it looks to make new highs in the coming weeks. With a high level of volatility entering the marketplace over the next two weeks, expect sharp market swings on the intraday timeframes and don't get caught up! Rate announcements on Wednesday, next week will be the determining factor on whether many will fly to safety or risk buying gold at the current pricing.
OANDA:XAUUSDLong
by LegendSince
EUR/USD - Tickling Old HighsParity in the euro can't come without a MAJOR event happening. In the meantime, it would be in the market makers best interests to prop up the euro short term, giving the illusion that due to euro being 'stronger' than it was a few months ago, it's the best time to invest in Europe bla bla bla... Once many of the huge funds, whale traders etc placed their stops below major sellside liquidity pools, that's when the rug gets pulled Pulled all the way down to parity! The question is, what news event will it take for this scenario to pan out?
Long
by LegendSince
US 10Y Yields - Chasing Lower YieldsAssessing the weekly range, from low to high, it is clear to me that the yields is still trading in a premium and with major liquidity pools attacked to the upside, it's only a matter of time we see a cooldown period. Below 4.469% is regarded as a discount and it might take several of weeks to pan out but I would like to see the weekly bearish consequent encroachment @ 4.735% respected with 4.809% being the last line of defence.
TVC:US10YShort
by LegendSince
Bitcoin (BTCUSD) - How Long Do We Hold $100,000 For?Happy new year traders! This is a perfect time to do a review on BTCUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias. MASSSSIVEEE movements from 2023 onwards, booking returns of over 550% if you bought during the beginning of that year. When you think about a healthy market, you also consider the likelihood of a retracement which, in Bitcoin's case has not occurred since 2022. The question isn't if but when...
COINBASE:BTCUSDShort
by LegendSince
Gold (XAUUSD) - Worldwide Austerity = $3,000 per/ozHappy new year traders! This is a perfect time to do a review on XAUUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias. It's sad to say but the more pain that is felt around the world, the more the rich accumulate assets. Gold is regarded as a save haven in times of turbulence and as we can see here, for the past 6 consecutive 6-month period, we have managed to close significantly higher and it does not look like the gravy train is about to end. Psychological numbers work well in uncharted territories and with $2,790 being ATH, $3,000 seems reasonable right? Well, the horrible truth is the more suffering that takes place in the world means the rich get richer which ultimately means a higher price for gold in the long term.
OANDA:XAUUSDLong
by LegendSince
EUR/USD - Parity Might Come Sooner Than You RealiseHappy new year traders! This is a perfect time to do a review on EUR/USD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias. Fundamentals will play a strong role in determining whether we see 1 to 1 with the dollar but for the time being, short term market movements to the upside can be beneficial as it goes against the longer term bearish narrative
Short
by LegendSince
GBP/USD - What Will It Take...?Happy new year traders! This is a perfect time to do a review on GBPUSD as it's the 1st month where you see the beginnings of the 6-Month candle form, which can be very powerful for gauging a bias. 3 consecutive 6-month candles has closed bearish, whilst respecting the SIBI and attacking short term highs. Short term plays to the upside utilising the 1-min timeframe is possible but in the grand scheme of the bias, which is bearish, I look to target 1.12287. This could take several months to years but there is no solid positive fundamentals to give me the confidence that the UK economy will improve any time soon.
Short
by LegendSince