I posted this analysis last week & since then, buyers have failed to take control again. Is it possible we could see a 3 sub-wave correction towards the $1900 zone again? As long as price remains below this order block & rejects the $2,000 barrier, I believe we can see another move down, which will form an A,B,C correction.
This here is my long term outlook on XRP for the coming YEARS. Price is currently hovering within a tight range and has been so since May 2022, at a similar time to where majority of the Crypto market including Bitcoin crashed. There are 2 possible scenario's here which we could take a play on: 1. XRP is currently ranging within its accumulation zone, where...
Gold has overextended to the upside very rapidly and left enormous imbalance in price around the $1760 - $1790 region. If price fails to break above the ATH of $2074 by month end, I believe there is a chance that price will retrace back towards the $1800 mark.
Buyers are slowly losing momentum & from analysing the current choppy price action, we can see that there's still a lot of built up liquidity around $1.048-$1.029 which still needs to be wiped out. Also, correlating negatively with the DXY which still has more upside to go, it'll mean EURUSD should see more downside at the start of Q2.
After analysing price action over the last few hours, it seems like Gold has one more upside to go, targeting $2,028-$2,034. This'll complete a 5 wave, impulse move. This should be followed by some form of correction throughout next week. If Gold flies through the $2,040 barrier, then we can expect no more downside correction & straight to new all time high's🚀
Is it possible we could see a 3 sub-wave correction towards the $1900 zone again? As long as price remains below this order block & rejects the $2,000 barrier, I believe we can see another move down, which will form an A,B,C correction. Buying momentum also seems to be drying up as FOMC yesterday couldn't provide enough volume to buyers.
Sell Position 1: Running 180 PIPS in profit📉 Sell Position 2: Running 30 PIPS in profit📉 We doubled up on our sell positions today, as we wait for Gold prices to retrace prior to next weeks FOMC decision. 2 sell positions, hedged again 4 buy positions from 1600’s.
Everyone who has been following us since last year, knows we are bullish on Gold & are still holding buy positions from 1600's. We also have a sell position open from 1953 as a hedge against our buys. However, after seeing price action on Gold recently I believe that there is a possibility for Gold to crash lower towards $1410-$1370 over the next 2-3 years. If...
Sell your Bitcoin! As everyone on the channel knows, even after BTC smashed our original $24,000 target, we carried on holding our sells, which paid off as prices fell further towards $16k. Since then we've seen a correction, but now sellers are ready to enter again📉 5 sub-wave correction (Wave 4) peaked at $25,000 which trapped new buyers. Expecting Wave 5 now...
Ethereum prices down 13% since we first posted the analysis for you guys in September last year. The ETH market is moving accordingly and running in profit. We are still holding shorts within the Crypto Fund for our investors📉 I already have all long term buy positions SET & READY for my Crypto Fund investors👽
Wick rejection Bounce off a 15 minute supply zone. Markets are ranging, so now is a good opportunity to trade multiple times with constant buy and sell orders.
All details are on the chart. I am already holding sells from 1952 and I also uploaded the chart for that 3 months ago. This chart is purely educational.
This here is a sell to buy trade. We are catching the retracement on Gold (Wave 2), before re-entering more sell positions from the supply zone & targeting new high's around $2,160 - $2,240.
Gold is currently within a corrective phase. We are seeing this correction take place in an expanded triangle, which normally tends to be complicated, as a way to trap both buyers & sellers. I'm personally not taking this buy, unless I get solid confirmations. I am just waiting for this correction to finish playing out, so our downwards move can continue. We...
Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉 This also moves similarly to...
On our last Gold analysis, we said that Gold would be heading higher towards 1854 & it finally did on Friday. However, due to how bullish the weekly candle closed, it is likely that prices will head higher towards 1869-1880. This will be a good entry zone, to short market back towards 1760-1730📉 This will be the FINAL leg down, before we invest heavily into Gold...
A likely probable trade. Bare in mind, Gold is nearing towards the end of its correction now, so price will move real slow around current prices. After 1 final swipe around $1,750 - $1,730 I expect the bull run to resume and target new ATH'S.
The US 10 Year Yield is getting ready for another move to the upside, which shows us that the current falling wedge pattern it is correcting inside of, is considered Wave 4 of the Elliot Wave theory. I am expecting this to rocket up for the time being, alongside the Dollar Index. US10Y - DXY = Positive Correlation US10Y - XAUUSD = Negative Correlation