JimParis

JimParis Updated 

04/01/2023 On 02 Jan, Gold displayed a very bearish signal while the London and NY open did plummeted the price in HTF 8h and 12h. On 03 Jan, Gold broke easily the Key level ( for minor upside trend) at 2058-2060 => bearish flow now is very confirmed. The question here is could Gold continue to go down? If yes, where is the key level to watch for PA rejection...

JimParis

Hello all, I see some interesting elements in XRP chart, thus I'd like to share and post my idea here. This setup is just for educational purposes only. 1. Timeframe: 8h 2. By counting the Low and High, it could be seen that the Buyers are now weaker than Sellers, by observing the Top high N0 6 can not surpass the N04 with a nice DOUBLE TOP formation. 3. Why...

JimParis Updated 

Hello, Sorry for those who believe strongly in inflation index and Macro economics that Gold could be safe heaven during the recession. Two times, Gold did create a fake breakout (Fake BO), and you did see how PA behaved afterward. My short-term target in Gold is 1807-1790 ( probability: 80% for short, 20% Gold will find some support around 1820). Market...

JimParis Updated 

Hello all, That being said, neither I am a crypto expert, nor a fundamental researcher, I like to trade based on purely technical and price action analysis. Show me the chart then I would tell you the news. I do not care also about the technology, I only care about what I see on the chart and try to share it with you. Market structure: 1. Downtrend is...

JimParis Updated 

In Q1 2021, I often mentioned that one of the conditions I ALWAYS look for is a bullish market confirmation, that is the ETH/BTC pair, ETH should go up first against Satoshi BTC. In recent days, after my last analysis above BTC before X-Mas 2021, ETH did the contrary trend. Indeed, we are now experiencing a very bad mood or fear in the market. There are two...

JimParis Updated 

BTC: If the last high was the false breakout, we could see BTC retest the low of the summer 2021 range at 34k - 36k As in my previous analysis, whenever we expect a bull run for ATH or positive Crypto sentiment, we need to see the confirmation from ETH. ETH in 90% case will lead the rally and gain % against Satoshi. Otherwise .... yes BTC will fake it until it...

JimParis

Hello all, First of all, neither I am a crypto expert nor a fundamental researcher, my analysis is based on technical charts and price actions. Secondly, the USDD Tronx slips its peg to USD $$$ for a week, which means that the price action is now in motion. ( Newtons 1st rule, when an object is in motion, it will continue in motion ... !!!) Thirdly, so far the...

JimParis Updated 

In my own analysis, XRP is one of the coins in which synced with BTC moves. I'd like to point out that these analyses are purely technical views, I am not perma-bull or perma-bear in Crypto or in any markets. XRP needs to complete its B waves retracement to create the equal or lower high before I would see the C wave retracement towards the 0,7-0,9 $ zone....

JimParis Updated 

Since Mars 2020 until now, Cooper did make an extremely bullish run phrase. What I am looking at the resistance area where Cooper needs to take a "breath", that could likely be a great shorting chance. I’d consider that a nice arche rally - distribution phrase in Cooper is about to finished/ completed, then we will see the huge SPRING, mark down phrase towards...

JimParis Updated 

ETH did make an extremely bullish run phrase. What I am looking at the support area (white box), where ETH needs to find some “last hope in support area”, that could likely be a great LONG chance. I’d consider that while ETH broke out my Pitchfork channel price on 13 April, that could be a signal for the new price action phrases in ETH. Market structure: Super...

JimParis

Bonjour/ Good morning, 1. BTC did break its YTD ATH (year-to-date All-time-high), a close of BTC above this level could trigger off another rally. It does not mean that we will not see any pullback, however my mainly target in BTC will probably be at the upside of the bullish channel. 2. There are two reasons I particularly like in Link price actions: Link is...

JimParis Updated 

Bonjour/ Hello everybody, In most of my previous analysis, I have been often bullish in Gold ( as well as equity markets). For this publish, I will keep my same probability, 70% ( even 80%) for bullish trend and 30% for bearish one towards the end of this year. The odds that we might also trade in the range between the ATH 2078$ - 1850$ ( the recent swing high...

JimParis

First of all, it is not a trade idea or suggesting any Forex or metal assets pair trades. It is simply my small roadmap to review my study about DXY. Secondly, DXY is hovering at the important points of the support, a break up the 94.x levels will push up DXY to higher to retest 95 97.x. However I consider that we are at the bearish flag of the DXY. From the...

JimParis Updated 

I published a Gold's road-map in 25 Aug and I will keep my road-map because Gold price actions are still respecting my bullish continuation channel (Pitchfork). Market structure: Fundamental analysis: 1. From 16 Sept to 29 Sept will be the key in Gold: FOMC, Brexit and other major economic prospects. ( YES, I will update and modify my road-map if FOMC...

JimParis Updated 

After the a nice re bounce from the supporting zone (below 2.0), Natural Gas formed the double bottom pattern, thus I am looking for the consolidation and re-enter the market. Market Structure: Bullish trend Time frame: Daily trend, a nice retracement to Fib 61.8 level. Entry point: around 2.20 - 2.22 zone. Exit: below 1.98 level. Target: 2.6 -2.7 ( next...

JimParis Updated 

Fundamental analysis: Remaining so bullish as long as my new Fib channel is not broken. (lower low daily candle below 1904-1909) 1. Equities market (US, Dax and Nikkei Indexes) will reach to theirs higher targets soon before the Q3 2020 review. 2. All markets now are correlated, a dramatic drop in Gold at the end of this month will not be positive for equities...

JimParis Updated 

SXPUSD It is likely that SXP will break its bearish trend with the double bottoms shape. Conditions: Good signs: XAU/ XAG, equity markets and BTC are holding and keeping its bullish momentum. Alligator indicators are expected to see the crossover between the Jaw and Lip Lines, which will show the bullish trend. Drawback: BTC remains consolidation and keep its...

JimParis Updated 

As we have seen the new Fib chanel is still valid. Since I've observed the last two super bearish days, the sellers did not break below 1919 and did not create a lower low in daily timeframe. I expect a pullback and retest the resistance at 1956 - 1963 and a daily candle closes above 1963 will set up for a new bullish trend to 2100 soon in next several weeks....