In mid August 2020 bitcoin was putting in something on its daily chart eerily similar to what is happening currently with the bitcoin price action. That 2020 chart is not shown here, but just to quickly recap for those who were not around then, bitcoin was coming out of a long bear market, putting in higher highs and higher lows, to the point of finding itself...
CADJPY is currently in an uptrend and undergoing a pullback on Daily with an ABC pattern. 📈 After a double bottom formation, and the B point has broken upward, hinting at a potential trend resumption. 🚀 So, here's my plan: I'm looking to take a breakout pullback retest entry on the H1 chart🎯 Two targets in sight: 108.587 and 109.386. 🎯🎯 For risk management,...
I still cling to the analysis carried out 15 days ago, we are $1k below the price at that time, nothing has changed in terms of Elliot waves, the fractals remain unchanged and the probability drops to levels of 38% to 50% Fibonacci forecast is still in effect. Here I cannot add the candle in monthly terms, but if you can search for it, you will see that it is...
Hi everyone👋 (Reading time less than 5 minutes⏰) . Today I want to show you the 🎯 target 🎯 of Bitcoin for the next 5 months using the 6-month Bitcoin candles. ⚖️Bitcoin has created 6-month candles in the last 7 years, and if we look closely at these candles, we can see similar movements in them.⚖️ ⚖️I divided the 6-month candles into 5 similar...
The GBPUSD pair has recently experienced a setback as it reached the 70.7% Fibonacci level, in the coming months, it is anticipated that the pair will make another attempt to rally to the 78.6% Fibonacci level. However, should the pair face rejection at this level, it could trigger a downward trajectory, compelling the price to test previously established support...
GBPUSD After the break of the major trend line and Fibo 0.5 , as well as the pullback to these two levels and the RD in the stochastic, as well as the state of the British economy , it is expected that we will see a drop in this currency.
This analysis focuses on a common pattern observed in the cryptocurrency market, where after a trend, the market tends to undergo a corrective phase. In recent days, we have seen both Buy Side and Sell Side actions, with the market aiming to capture opportunities on both ends. The critical question is: Which direction will the market ultimately choose? Analyzing...
Ok Guys, let's try to sell gold now! (facing resistance) Targets are clear in the Chart SL 1977 Good Luck
fast and confirmed unmitigated15 min demand OB to another unmitigated 15 min supply
As these Logarithmic Regression lines converge where will bitcoin go? Will bitcoin become more stable over time? Will it breakout of this formation? Is bitcoins source code designed to make it more stable over time e.g. miner hashrate & halvings? I believe bitcoin is bullish until interest rate pause or cut. It will come out of no where probably this year (2023)...
have to wait and see which OB will touch first 2 scenario are acceptable and u can trade on both side i think scenario 1 will happen in first then scenario 2
EURUSD is in an ascending channel in the H4 time frame and is now in a correction wave and moving towards the important support range of 1.09100 to 1.09766 which is on the major uptrend line. Also Stochastic and MACD have RD in the oversold range. It is expected that after the announcement of the latest interest rate by the Fed, from now on we will...
looks like the lower end of this range is washed, a retrace to midpoint could provide an entry to fill the gap lower. Countertrend, ultimately looking for a long near the current months low later.
FOREXCOM:XAUUSD Gold is currently bouncing off monthly and weekly FVG. It has taken the Sellside liquidity on 4HR with a clear Buyside liquidity above to take and clear FVG to fill, both serving as draw on liquidity. Hence, I expect gold to be bullish for the next few days till atleast those liquidity above are taking and FVG is filled. Entry: Entry...
FOREXCOM:XAUUSD Monthly View On Gold Currently Gold is at a monthly time frame premium level, which means we can see sell moves on lower time frames anytime from now. However, when you follow the monthly order flow and price delivery on Gold, you will discover that, prior to this current leg move to the premium draw on liquidity, gold took out sell-side...
Market context for FOMC Market is within an accumulative range with a short term buy side, for a bearish move, made a previous bottom with a liquidity that will likely be taken to see Bitcoin rising on a strong reaction to the upside. Let's see how the FOMC will work within the liquidity left in the market.... !