Rejections from resistance zone showing big players stepped in the market in the market ready to sell, shift in sentiment came from the big drop that breached major support. Broke trend line from the two latest valleys. take profit, highlighted area has made many transactions so as price drops to this area depending if there are visible signs of a significant...
Fellow traders, Market is IMO, shifting but we still need to wait and see if it goes through some R levels. EMA indicators have finally shifted - demand is on the rise. This is an 1HR chart. Last EMA shift was @$0.93..and took us down to $0.60s. let's see if we have enough strength to reach the $0.93 level once more. We have some Resistance @0.88. If that goes...
In the Dynamic Tapestry of the DOGE market, we Observe a striking pattern Reminiscent of an Impressionist's masterpiece, Imbued with the subtle intricacies of Human sentiment and the Bold strokes of substantial transactions. As I examine the latest Heikin Ashi chart, a Doji emerges, a Silent Sentinel amidst the Cacophony of Buying and Selling, Signalling a moment...
In a move to streamline operations and cut costs, Google has recently announced significant layoffs across multiple teams, impacting its Voice Assistant, hardware division responsible for Pixel, Nest, and Fitbit, as well as the augmented reality (AR) team. Fitbit co-founders James Park and Eric Friedman are also leaving the company, marking a notable development...
The Australian Dollar has underperformed in recent months. But the lower it goes, the more likely the RBA will make a hawkish shift and speculation is rising that the bank is ready to slowly shift policy. Next week’s meeting is likely to re-iterate a dovish stance, but it seems a matter of time before the bank tightens and many analysts expect rate hikes in...
By observation of historical price and value area, I have found that after a specific time of value always shift to new value and price stay there for a while. For the new value, looking on 9th May 2020 as showed in up and down with the labeled as "NEW". Yes, Its so hard to predicting next shiftin g value area but its possible by looking at the volume...
Bitcoin's Recent Quieting: A Calm Before the Storm or a Shift in the Wind? After surging to impressive heights in July 2023, Bitcoin has embarked on a period of subdued selling for the past five weeks, inviting intrigue and speculation within the cryptocurrency community. The once-fiery volatility has simmered down to levels reminiscent of the heady days of...
🔄 Preparing for Market Shifts - Time for Forex 🔄 In 2023 I was very much focused on Crypto and especially Bitcoin. It ended upbeing a Great decision. Bitcoin remains my favorite asset but as a Trader i need to make the first decision right: What shall i focus on Trading now? Well, looking at the VIX a shift in our navigational charts could be prudent. Changing...
As we bid farewell to last week, the markets witnessed a long bearish trend, with gold hitting its lowest point in seven months. The resounding question now: will this bearish momentum persist in the days ahead? 🔍 Key Observations: 1️⃣ Long Bearish Weekly Candle: The week closed with a prolonged bearish trend, signaling caution in the market. 2️⃣ Gold at a...
We are at a critical point....and if BTC.D at 70% doesn't sound alarm bells that something important is happening then you are just not paying attention! Whats happening? During the ICO boom BTC began to lose market share to billions of dollars of ERC-20 token along with the birth of ETH and XRP. BTC had to share the attention of the evolution of smart...
So, Ive studied astrology for about 14 years and have found it to be useful, I've never applied it to markets but I decided I would see if there was any relationship between jupiter/saturn and bitcoin out of curiosity and I was surprised to find a few really compelling correlations. Jupiter and Saturn are an astrological duo and generally considered...
If you notice on BTC, the channels are shifting. Before, we had more of a downward channel marked by the purple lines and with this recent push up the channel is shifting upwards. If we go to the recent past we can see a similar shift in action in a smaller channel and over a longer period of time and on shorter time frames. The difference this time is it's doing...
2 months ago we identified Gold as a market that “the wave picture on Gold is simple, though the timing of the trade may prove difficult.” From a bigger picture perspective, Gold was close to finding a meaningful bottom. We went on to say “There is a false breakout zone from 1060-1131 which means so long as prices hold above 1060, this wave counts suggests the...
Last week, the Kiwi hit the top end of a target range we have been watching. How much, if any move is left? On the heels of the RBNZ 25 basis point rate cut today, some cracks are beginning to show up in the NZDUSD foundation. Governor Wheeler suggests this is it regarding cutting for a while and prices have rallied today. 6680 may provide resistance in the...
Hello Everyone, GBP/USD has recently reached its lowest point in the past day, week, and month, recording a value of 1.25966. The six-month low stands at 1.20374, and the one-year low at 1.180275. Currently, there is anticipation of a bullish market shift. To confirm a bullish trend, we are actively monitoring for a sustained position beyond the one-month and...
Red is the down channel....blue is where it seems to have shifted...green indicates hard shift in momentum. They just released 3rd quarter reports, everything is up...lets hope this shift has some weight and we see this climb to it's actual value point (around $9)
So on UJ we see an Inverted Head and shoulders which is a sign of reversal. The reason this is a sign of a shift in momentum is because in a down trending market you have lower lows and lower highs but with an inverted head and shoulders you see a lower low in the head but it fails to make a lower high. Instead it comes back up to create what is known as a triple...