🏳️ Pair Name : Gold 🗨Time Frame : 15 Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Best Buy Area Type : Mid Term Swing ——————————— Great opportunity now Please...
Let's start with what Merge is and how does it affect the price? This is where ETH switches from POW to POS. This means that the "production" of new Ethers can drop by as much as 90%. However, you should be aware of the dangers that could occur if the update failed. But as always, let's try to be optimistic for a moment! Knowing the past, or if you prefer...
Drawing in value areas and then seeing how price reacts to them in the future, possibly. The book I'm reading tells me to do this, so I do it.
The main trend line is still not breached, if that breaks we will see strong movement on the down side creating great buying potential. The next levels we are looking is the cross of descending trendline meeting with the main support trendline. The supports are weak at this stage and cannot be relied on.
A quick look at price areas where BTCUSD has been ranging over the last 9 months or so reveal some interesting findings. Firstly, there are 3 quite clearly defined areas where the price is ranging from high to low within the range, this can represent some good trading opportunities straight away if you like to trade chop like this - we don't trade this way...
eurgbp scalp long . setup .. reference areas .. good luck ...