Adoamigo97

Adoamigo97 Updated 

#Bitcoin is beginning to recover as it approaches the $26,000 level, forming a valid trendline after rejecting the previous $25,000 level (Bullish Orderblock). The current price action is approaching a crucial resistance cluster between $27,300 and $27,500, and there is a healthy daily candle above the EMA 50. The price action broke through the EMA´s 50 & 200...

Adoamigo97

It's been a while since my last forecast on BTC. This year we experienced significant changes, positive for BTC. Anyway, the price action is slowly entering consolidation between the 25100 - 31000 range. As the blockchain improves (faster and more secure transactions, with much lower gas fees) and the halving is approaching in less than a year, the signals are all...

Adoamigo97

It is now clear to us that gold is in unnatural trading conditions. The increase in interest rates in addition to the dovish stance, the market has turned to the bears and the buying power is slowly evaporating. However, I'm currently waiting for a breakout to give us a clear direction. In the next week, I am waiting for the support zone to be broken on the chart...

Adoamigo97

UPDATE: My stop loss was triggered, the mistake was where I selected my stop loss at a narrow level, due to high volatility. The gap between Inflation rates and Mr. Powell's speech was enough to keep the price going lower, unfortunately so the candlepin poke my stop loss. The gap I`m rebought gold at my Stop loss level as I expect Fed dovish. The Targets remain...

Adoamigo97

After today's CPI news, a bearish move has clearly been postponed. After the rally to 1823-1823.80 buyers closed their positions in profit and the price came back and tested 1806.5. I decided to open a Long position at 1808.5 ( 61.8% Fib Level) my current strong support. I set 1798.8 as Stop Loss, and my first target is 1833.00. If gold Break and closes above...

Adoamigo97

What if you could predict the future of bitcoin right now? Looking at the weekly chart, I saw that the current price is in an interesting position. At my last post, bitcoin was at the 17100-17200 level, currently it has already reached 17800. We witnessed that the news plays a big role at the moment. Whether this December is the beginning of bitcoin's recovery...

Adoamigo97

A quick update, my goal today's goal has already been accomplished. Gold managed to reach the 1779.40 level (my first target). I move my stop loss, or trailing stop to 1786.55, locking in small profits, and enter a new target of 1771.50. Tomorrow we have to be careful and watch the CPI data. If it goes as expected, I will take the risk and open new short...

Adoamigo97

A very unusual start to the new week for gold, if we compare it to DXY, Gold fully ignored Dollars price action, whether tomorrow's news will calibrate it remains open. I am very optimistic that tomorrow's data will be as forecasted. After spotting this tilted H&S pattern on my PP Resistance levels, I finally decided to open a selling position after the price...

Adoamigo97

First I want to congratulate all the traders who noticed my last post for silver. It is important to mention that DXY had little impact on Silver compared to Gold, we briefly saw volatility but the bulls were strong again. The bullish growth was supported by the double tap on my mentioned Support area, the breakout of my Daily MA & the RSI with "healthy" uptrend...

Adoamigo97

The agony of traders has been immense for the last 3 sessions. We are witnessing that currently news about inflation and recession play a big role in the price movement. Gold touched the Resistance cluster at 1808.5 and after the data release it fell by an incredible 42 points, after which surge again towards the 1800 level. Technically, it is very difficult to...

Adoamigo97

Bitcoin is finally at the 17100+ level again, after a double tap of the support cluster 15890 - 15700. It is currently traded above 17000, creating a flag pattern wich breaks now. Also the RSI Is on a healthy uptrend consolidating at 50.00. If the technicals keep the rules, I expect bitcoin to reach 18200.

Adoamigo97

US and European futures are indicating a lower open as investors continue to assess the odds of the potential recession taking place in the US and in Europe. This is the key reason that we have seen the US and European markets closing lower for the past three consecutive days. In addition, traders and investors are also concerned about China’s zero covid policy,...

Adoamigo97

My Todays Buy order was successfull and closed at TP 1885 Level. I think for this short upswing was the bad Fundamentals of Australian gdp, US Non farm Productivity & Labor cost. I‘m satisfied with my result, with a lot risk. I’m without any orders at the moment, and waiting on tomorrow’s news. Being on sidelines is also a Position and risking again my Balance is...

Adoamigo97

Silver price dropped after the Bond market plunge & the trade tensions, now price Is at the Support levels marked in my chart above, and forming nice double taps and the Bullish sentiment is good. I´m expecting that Silver will reach its previous resistance level.

Adoamigo97

DXY Started the Bearish move along with BY. 1800 Level could be reached until Friday. My Sell Stop order from 5.12 got invalidated and I Removed it. If the Fundamentals Tomorrow change Dollars bearish move and Gold close the session below 1765 I will Sell Gold on Friday opening. For now, I got my open Buy order at 1771, aiming for 1785, then the final target is...

Adoamigo97

Strong Data Report caused a Bearish start of the week: The Dow Jones Industrial Average slipped 1.4%, or 482 points, the Nasdaq 1.9%, and the S&P 500 fell 1.7%. "The Fed is expected to slow the pace of interest rates at its meeting next week, but recent data including the red-hot jobs report on Friday shows that “ they are going to have to hold rates at a...

Adoamigo97

Hello quick update from my phone while I’m on the go. My first selling order stopped out, regarding my mistake to placed a such tight stop loss, the true cluster was 1808-1812. Anyhow I’m decided to open new selling order as the price retreated again to 1798. Now I’m exiting my trade at 1770 with a cool profit, and Continue tomorrow on us opening. Dxy is now on my...

Adoamigo97

Technical Outlook: After a huge bullish momentum followed by important fundamentals Gold hit the 1800 zone or so-called Psychological benchmark, regarding the bearish correctional candle on Friday, it gives a strong signal that Bears starting to take control again over the Yellow metal. The fundamentals from Friday triggered the pullback and I didn't expect any...