What’s up y’all? Good morning happy Monday. Start off this trading week amazing so this is what we’re looking at on bitcoin. I’m surprised I have not been stopped out on my long. We need to hold $66,000 as support or the point of control to continue higher. I do have some levels where I’m gonna start taking profit on this long 786 $70,000 if this trades does go...
POI areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these zones. If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more then likely invalidated. If price slows down before reaching a POI, then it's more then likely...
To be or not to be – the rate cut this year? The markets switched their expectations from March and May toward September, although currently not with high certainty. Recent data show still high resilience of the US economy on tight monetary policy. Retail sales in March were increased by 0.7% on a monthly basis, which was a figure much higher from 0.3% expected by...
After five straight weeks the price of gold continues to move to higher grounds. Certainly, the major contributor to such a development is the newly emerged geopolitical situation in the Middle East, which is fuelling investors with unrest. As the situation is slowly calming down, the price of gold is easing its push to the upside. During the previous week,...
During the previous week markets witnessed that Nvidia can dip in value. The relaxation period of continued moves to the upside came to the reality check. Combination of the Middle East crisis and mostly expectations that the Fed will not cut interest rates anytime soon, pushed the US equities toward the downside. The S&P 500 slipped below the 5.000 level and was...
The US economy continues to show its resilience to monetary measures. Retail sales in March were increased by 0.7% on a monthly basis, which was much higher from market estimate of 0.3%. Preliminary Building Permits for March were standing at 1.458M, a bit lower from estimated 1.514M. Inflation Rate final for March for the Euro Zone was standing at 2.4%, while...
The long awaited BTC halving took place early Saturday, where 840.000th block was added to the blockchain. BTC`s volatility in price was widely expected, as it usually occurs during times of halving, so the same occurred this time. The price of BTC dropped down to the level of $60K, however, the whales used this opportunity to buy the dip. As news is reporting,...
Last week in the news Higher for longer was for one more time rhetoric which influenced market sentiment during the previous week. In expectation of less rate cuts during this year, the US equities entered into the correction mode, with the S&P 500 ending the week at level of 4.967. The US Treasuries had another relatively strong week, where 10Y benchmark...
📈🌟 Ethereum's Promising Horizon - What's Next for ETH? 🚀💡 Hi everyone, time to look at Ethereum, and I must say, Ethereum at this stage looks more promising to me than Bitcoin. For the coming weeks, my focus will be on Ethereum for quite a few reasons. Let's dive into the chart: we've witnessed a dip, and the 2850 level has now established itself as very healthy...
DXY (Dollar Index) has formed a big ascending channel on the 12h-1d charts. It looks like it might go back down to the lower end of this channel. If the DXY drops like it usually does alongside crypto movements, this could really kick off another rally in crypto. Keep an eye on it!
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Break of Structure RSI - Divergence Completed " 1234 " Impulsive Waves Fibonacci Level - 61.80%
Let's go to Bitcoin, the price has reached our sell zone at $66000 and we have to wait to see the necessary signs to sell. Note that Bitcoin halving happened two days ago, but Bitcoin didn't make any significant rise, so I think the price is a bearish one. It will be heavy. Please follow the capital management. Good luck.
I have drawn static support and resistance on the chart and also the trend line. I think the price does not give us a reason to decline and also a sign to decline, so I think the best way to buy is you can buy gold from around 2360 to the target. $2420 which will give you 600 pips good luck
💎 Paradisers, the recent market dynamics surrounding #GAL have been noteworthy. 💎 GAL has successfully broken out of the resistance trendline, indicating a bullish momentum for its next movement. 💎 There's potential for the price to first test the trendline around the 4.5 area before continuing its upward movement and attempting to break the local resistance at...
Pound to dollar, the price is in a downward trend and inside the downward channel that I have specified in the chart, I think the price will pull back to its own range around 1.24000 and then descend to the target of 1.22000. You can sell with capital management. Good luck.
Week of the 22nd April (H4) DXY: Consolidate along 106 level, look for breakout above 106.50 to get to 107.15 resistance level. NZDUSD: Sell 0.5865 SL 25 TP 60 AUDUSD: Sell 0.6440 SL 30 TP 90 USDJPY: Sell 153.60 SL 35 TP 160 (possible intervention / BoJ adjustment to rates) GBPUSD: look for reaction at 1.2340, Sell 1.2310 SL 40 TP 120 EURUSD: Sell...
Hello, let's go to the first analysis of today's euro to dollar, the price is in a downward trend, so our priority will be to sell, the price is now in a range zone, I think we can sell at the ceiling of the range zone, that is, at the price of 1.07000 to the floor target The channel means 1.05000. Please note that this transaction can have 200 pips of profit for...
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...