Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves up....
""The time to buy is when there's blood in the streets." A quote that most traders are familiar with. It basically means to buy assets during periods of weakness. Bitcoin is currently experiencing a very volatily bearish period. With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term...
Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to...
Hello Traders , Upon reviewing the gold chart in the 2-hour timeframe, we observe that, as per our primary analysis and expectations, the decline continued and managed to correct down to $2281! As we had marked on the chart two weeks ago, the range of $2268 to $2284 was an important demand zone where we expected the price to show a positive reaction after reaching...
Get ready for some massive gains in the next 2 weeks. BTC most likely to bounce from 57-58K zone. With BTC prise rising and BTC Dom. decreasing, Alt season is going to begin
EUR/USD fell below 1.0670 yesterday as a surprise wage increase in the US revived concerns about persistent inflation. This reduces expectations of interest rate cuts and causes investors to seek safe haven assets and increase the strength of the USD. With European markets closed for the Labor Day holiday, investors' only major concern will be the Fed's latest...
- The market still trades above a bullish trend line since mid-February 2024, strongly helped by a decreasing Pound Sterling. The mid-term trend is bullish for UK equities. - Since the 3rd impact on its bullish trendline at the end of last week, the market has rallied to an hall-time high above 8,000pts. Since the impact on the 8,200pts mark, we can notice a...
FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a...
Hey Everyone, Once again our chart is playing out level to level. Yesterday we got our bearish target hit first at 2327 with no lock below and therefore confirmed the rejection and gave the perfect bounce inline with our plans to buy dips for a nice clean catch. Today we got the lock below 2327 opening the retracement range, which was hit perfectly and gave...
Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
Welcome to DECRYPTERS ! NOTE:- PLEASE READ FULL DESCRIPTION BEFORE CONCLUDING ANY THING UPON ANALYZING GOLD OVER ALL TRENDI IS BULLISH DUE TO SEVERAL FACTORS 1 - GEO POLITICAL SITUATION 2- BANKS DEMANDS FOR GOLD 3- INFLATION ISSUES IN US 4- JAPAN CURRENCY DEVALUING ISSUE 5 BRICS 6 -INFALTONUN CERTANITY SMART MONEY HATES UNCENRTANITY , SO THEY ARE...
Hi everyone, Bitcoin price plunged below 59000 breaking support line and now is aiming 53000-50800 support area. I personally don't think that BTC price can drop below 53000-50800 support area but I admit that there might be wicks below the area. I would like to note that 30% price drop from all time high is very common for Bitcoin and there is nothing new...
🏃♂️ Bitcoin is moving near Support lines . 🌊According to the theory of Elliott waves , Bitcoin seems to have completed microwave 3 of the main wave 3 and is currently completing microwave 4 of the main wave 3 . 🔔I expect Bitcoin to start Going down from the 🔴 Resistance zone($62,940-$62,540) 🔴 and attack the 🟢 Heavy Support zone($61,100-$58,700) 🟢. ...
Good day, great friends of Ralph Benjamin. Let's discuss and strategies today! Regarding impact news : Gold prices do not attract buyers in the context of high US bond interest rates and a modest increase in the USD. Positive risk sentiment also helped limit price gains in the safe-haven precious metal. However, traders may want to wait for the US NFP report...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day. ⭐️ Personal comments...
Hello traders ,what do you think about EURUSD? This currency pair has broken its trend line and is below the resistance zone. It is expected to fall at least to the specified level after the pullback to the broken zone If this post was useful to you, do not forget to like and comment.❤️
Price rejected at 1.07526 with stronger wick rejections, suggesting further drop in price is inevitable, alongside DXY failed to make major bearish correction. Currently, DXY is extremely bullish and it is likely to remain that way until friday where we will be having NFP(NON-FARM PAYROLL). Price can drop until our entry point at 1.05204 where in our opinion price...