This is my calculations for bitcoin in a possible downtrend.
Example:
74000 / 100 = 740
√ 740 = 27.2
27.2 - 2 = 25.2 (2=360' , 4=720' , ....)
25.2 x 25.2 = 63500 First support as shown from the top
Kaspa is currently going to the upside in the short time frame...we are having a short Retracements due to bitcoin price action. 11.60/11.28 prices are areas of support you want to look at as we can most likely see a reactions from these levels leading as to continue going to the upside or continue going to the downside if bitcoin price actions goes to the downside
Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows.
Furthermore, another bullish pattern has...
The published minutes of the BoJ meeting show that most board members took a “hawkish” stance, calling for a rate hike. However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year.
Technical Analysis
USD/JPY rally is set to continue, as momentum is on the side of buyers, as depicted by the Relative...
the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...
NZDUSD is in a downward trend channel. This suggests that the New Zealand dollar is weaker than the US dollar. Price has recently showed some rejection at the top of the channel therefore we are looking to sell. The Take Profits target should be 0.58807 .We will set our Stop Loss at 0.60400 to manage risk in case the price reverses. It is important to closely...
Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by officials from both central banks, as well as economic macro-statistics, either heightened or lowered these expectations.
CB Chief Economist Philip...
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets.
When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that.
Always follow your trading plan, trade management, and risk management.
There is no place for luck in...
XRP/USD is falling towards a support level which acts as a pullback support that aligns with the 100% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 0.4747
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Stop loss: 0.4512
Why we like it:
There is a support level at...
FXOPEN:XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area.
A stable breakout of 2364 resistance will negate this pullback.
Just 3-5 years ago, the concept of "real assets" was clear-cut - physical items that could be owned such as stocks, gold, and currency. On the other hand, "derivatives" referred to intangible assets like swaps, options, and CFDs that allowed for profit-making. However, the emergence of cryptocurrencies and blockchain technology has completely transformed this...
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Hello,
Weekly and daily outlooks of DPR looks like its gonna continue dropping with temporary support at 0.006000.
I would short this pair below 0.006838 with risk cutoff at 0.007237 and profit scoop-in at 0.004181, not forgetting that we will move SL to entry or close partials @ 0.006000.
Warning: trading derivative...
BYBIT:BTCUSDT.P
BTCUSDT
Trade Idea - 15m/4H
Bullish BB + ChoCh + Target Liquidity Void above
Bullish Daily Bias
Potential Entry
Sunday 12 May '24, 21:12
npct
What do you think?
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Not financial advise
*Follow your own strategy:
this is just...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
