Just some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025. This could also be the top of the next bull market and a huge opprtunity to lock in profits. For the short term I expect a pullback to the last major support. But after that...
OANDA:XAUUSD is declining and testing local lows. The market has stopped paying attention to the conflict in the red sea, which is surprising, and focuses its attention on the comments of the Fed representatives, who are quite a lot of speakers and will speak this week. Of the news today, Core Retail Sales at 31:30 gmt is worth waiting for. Analysts expect...
OANDA:GBPJPY is in the distribution phase after breaking the ascending triangle structure. Against the background of the November 2023 retest, there are not many chances to break 188.3 from the first time. The pound sterling both technically and fundamentally looks stronger than the Japanese yen. On the senior timeframe we see the formation of a sideways...
CME_MINI:NQH2024 - PR High: 17152.00 - PR Low: 17107.25 - NZ Spread: 100.25 Key economic calendar event 10:00 | Existing Home Sales Another volatile session open creating super wide NZ spread - Continuing to lift daily supply - Peaking above December high Evening Stats (As of 1:55 AM) - Weekend Gap: -0.05% (filled) - Gap 10/30 +0.47% (open < 14272) -...
Ive labeled the chart to help show the tools used to make the projection. (projection not prediction) Orderblocks: Orderblocks are areas where lots of trapped traders were left behind in the past. They represent high traffic areas where price action finds support or resistance. Volume Profile: The volume profile is an amazing tool that lets you see high ares of...
Is it just me or is XRP holding up strong? XRP has steadily been grinding higher and higher since the lows in June 2022. Truly the chart speaks for itself. Let's take a look at the weekly time frame. The yellow overall fib from swing high to swing low has been playing out beautifully. The .236 level was resistance on multiple occasions(September 2022, October...
AMEX:SPY January 19, 2024 15 Minutes. The short was taken as it was gap open. The subsequent 2 bars were green with close near the top of the bar. Also, we started to have a black bar on top of stochastics supported by Elliott oscillator green and CCI green. And once 475.5 was taken we had a trend change to go long. If we consider the rise of 464.44 to 478.6 ...
Dear friends, today gold hit its lowest level near 2006, and then rebounded. Currently, gold has rebounded to near 2023. Is the power of gold bulls returning strongly? Will gold hit the 2050 position again? In fact, the current rebound in gold is mainly due to the following reasons: 1. The conflict in the geopolitical situation has led to an increase in...
This is what CRYPTOCAP:ICP looks on the weekly time frame. PA has made it's way to EQ and now it's in the process of filling in the gap near the demand zone. You will get one last chance to fill you bags before take off.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Based on time fib for daily TF we can measure the manipulation leg that took out a HTF low or high, the next opposing high or low falls within time fib Feigenbaum constants (3,5699 and 4,6692) of the time for this manipulation leg (target areas marked with vertical dotted lines). This suggests that based on the recent high of 17165 for NS1! on 29th December 2023,...
Nothing much to add, just my outlook on JTO for 2024
The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%. It is advisable to continue monitoring...
The EURUSD on a 4H chart shows a drop down to a strong support range (Orange range) which aligns with the 0.618 Fib. Around those levels, the price started forming a potential double bottom. For the pattern to be valid, the price needs to go up without dropping below the low points and produce an effective breakout above the neckline range ( Blue range...
GJ has some amazing bullish momentum behind it- and I am looking to continue to ride this trend and long it! I am waiting for at least a 50% retracement and price coming into the daily fair value gap (this is a must for my system!)- then we look for market structure shift on the hourly and attack! This is looking like a very yummy LONG! Follow and Stay tuned my...
EDUCATIONAL PURPOSES ONLY - Daily trend determined as Bullish - 4H Timeframe has formed a bearish market structure shift - On the lower timeframes we can see that market structure is bullish but the movements are not impulsive at all. The reason for that is → We're retracing towards the higher timeframe (4H) Order Block which acts as zone of Supply too....