I believe Gold is going to consolidate between 1785 -1800 for a week before we breakout, but there will be false breakouts due to news but the main event is fed tapering which can bring gold prices above high of 1834 or below 1750.
I have been holding my shorts position on gold and I believe we will see a massive sell off in the gold prices within the next two days.
Patterns forming on gold - descending Chanel on the 4hr, descending triangle and don’t forget the H and Shoulders pattern on the daily. My first target is 1765 before looking for a pull back in price to around 1785 then price...
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Upwards Resistance level: $1.15 - we have had several daily closes below that strong support now turned resistance level.
personally i believe everything in crypto depends on bitcoin and bitcoin is not looking too convincing for a rally up to $40k probably we might see a downside to $25k then to $22k where the 3day...
Bullish Buyers are closing their position in order not to get liquidated, bitcoin failed to break the triangle with a fake-out at 38k - 39k region.
Bearish Sellers started selling again, Probably with the target at liquidation point of bullish traders, which is around 30k -26k -
AND WE Institutional traders wanting to getting on bitcoin at 27k. So we might see...
The Bollinger bands seems to be squeezing in on bitcoin as i have seen this pattern many times before, i believe we might touch 30k region again and if that region support holds we should see it consolidate between 45k and 37k for about a week before we can see a breakout, alternatively if 30k region doesn't hold we might see wall-street's 20k region- which i...
This is the toughest and most scariest analysis i have ever done, why? cause we are in the decision stage , this chart right here determines the future of bitcoin price, well except if ELON tweets, well lol! lets get into the details
in my chart today the kinjun san in my ichimoku on the daily timeframe is holding tight as support and if...
NOT FINANCIAL ADVICE !!!1
STRONG Resistance around all time high ( 0.45-0.48) but shouldn't be a problem for doge!!!
50 & 20 MOVING AVERAGES CROSSED,- STRONG BUY
ICHIMOKU IN STRONG BUY
RSI & STOCHASTIC IN GOOD POSITIONS TO BUY IN DAILY AND WEEKLY
HEIKIN ASHI CANDLES PRINTING SOLID GREEN CANDLES-
tp1 0.6 ,
Not financial advice!!
The 4hr, 3hrs, 2hrs chart are showing signs of exhaustion, i think its time to bag in your profits and wait for the next buy opportunity.
remember buy when red and sell when green !
be fearful when others are greedy and be greedy when others are fearful !!
Been Hold my short position on Gold since last week Friday, I can see I further break to the downside around 1614-1590, I put my take profit around 1609 just to be on the safe side cause of support levels on Gold . I obviously don't trade Gold on News release cause of extreme volatility .