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Azizelliott

$BTCUSD - Oh no, double top?Hi guys! 👋🏻 🔔 $71400 is a static barrier for $BTC. The resistance which #Bitcoin is yet to break. Bitcoin is lacking liquidity to overcome that resistance, thus I'm waiting for the continuation of a correction. 🔔 Any bullish sign will be only above the aforesaid resistance or when #BTC completes the double top pattern and withholds the support at $60800. 🔔 Watch the area marked with rectangle on this chart closely. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDShort
by azizelliott
Get $HIGHHi guys! 👋🏻 🔔 Highstreet has been recovering after a slide to its historic lows. The metaverse has recovered after several notable partnerships and looks to continue its progress in partnering with Web2 corporations. 🔔 RSI, MACD and this rising wedge signal an upcoming slide towards the next support at $3.8 - $3.5. Watch these levels closely. 🔔 The cup is there, waiting for the handle to be formed. When the pattern is completed, the next resistance will be at $7.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
$SOLUSD - Falling wedgeHi guys! 👋🏻 🔔 Solana is forming a falling Wedge and waiting for a breakout to reach the targets 🔔 New Ethereum - Solana bridge which is an EVM on Solana coming, so expecting a high impact of this product on both blockchains. 🔔 Falling wedge is a sign for a trend reversal. Breakout will signal for an uptrend in this case. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:SOLUSDLong
by azizelliott
1
$XAUUSD - Might jump to $1800Hi guys! 👋🏻 🔔 Gold hit $1670 today after the release of NFP and negative employment data. China’s plan to resume flights could bolster weakening of the US Dollar and support the continuation of this bullish run. 🔔 XAUUSD made an important test and a breakout from the dynamic resistance of March 2022. The $1615 - $1617 support level withheld a downtrend pressure backing a formation of a triple bottom pattern. 🔔 As of now, XAUUSD is traded at $1674 and is testing a major resistance at this level. To close the trading week, Gold might retrace from these levels near $1655, gain more power and try to break the $1674 resistance later. 🔔 When the uptrend continuation is confirmed, and gold closes above $1674, look for resistances at $1720 and $1801. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSDLong
by azizelliott
#BRENT update - Breakout confirmed, goes to $101Hi guys! 👋🏻 🔔 Brent crude price was squeezed in a descending triangle, and a breakout from the triangle was expected, so it happened as seen on the chart 🔔 Brent crude price is traded at $91 trying to hit the key resistance of $91.60 up ahead. 🔔 I do anticipate the price to slow down a bit when reaching the aforementioned resistance, however the path to $101 stays clear. 🔔 Opec+ will cut production by 1M, which is 3.4% of the current daily production volume. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
1
$UKOIL - Production cuts will pump it to $101Hi guys! 👋🏻 🔔 Surprisingly low US inventories data supported a short-term uptrend of Brent crude, comforting the price to hit $90 this week. 🔔 OPEC+ meeting scheduled on October 5 will be on the watch, as the cartel suggest a production cut of 100,00 barrels per day (bpd). 🔔 Brent once again retested the upper edge of the descending triangle, although the bullish run is yet to be confirmed. The confirmation is set under a breakout from the wedge and closing of the price above $91.60. If that is confirmed, then we expect the price to move further to $98 and $101. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
1
$UKOIL - Multi-timeframe reviewHi guys! 👋🏻 🔔 Saudi Arabia refused to increase oil production requested by President Biden. However the strong US Dollar and uncertainties in Chinese economy hold Crude oil prices from a stronger hike. Market will be watching the relaunch of Nord Stream 1 this Thursday which will have a massive impact on DXY, energy sector commodities. 🔔 As for the technical analysis, implementing the Elliott Wave theory, we might consider that oil is on its way to display newer highs. 🔔 See charts below 🔔 Fibonacci 0.618 level of last weeks correction ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOIL
by azizelliott
$EURUSD - Channel breakoutHi guys! 👋🏻 🔔 The FED's rate hikes announcements are not the only factors which weaken the DXY 🔔 GB retails sales and German PPI beat the forecasts today and gave these two pairs a smooth boost. 🔔 US had a negative home sales and jobless claims data announced yesterday. Petrol prices hit records, yet FOMC Chairman noted that to beat the inflation the FED will continue rising rates and ready to sacrifice the US economy. 🔔 The technical analysis already pointed the strength of Euro when it stopped it's decline at 1.0367, and now EURUSD seems to continue it's local uptrend move but needs to close above the channels upper border. When the breakout is confirmed, the uptrend could continue up to 1.073 - 1.076 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
#Gold - Possible pullbackHi guys! 👋🏻 🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern. 🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960. 🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to 2000. 🔔 MACD and RSI are bullish as well. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSD
by azizelliott
2
#BTCUSD - The momenth of truthHi guys! 👋🏻 🔔 In my last analysis I pointed out that Bitcoin will most likely retrace to retest the dynamic support, so it did. 🔔 The support withheld although lacking volume and bullish pace. 🔔 Both MACD and RSI seem bullish, so hopefully we will see a jump to 48000 and 49000. 🔔 If breaks below this support, then I'm afraid it will continue the downfall to 30300 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
$BTCUSD - Decisive resistanceHi guys! 👋🏻 🔔 There is a strong resistance being tested by Bitcoin right now. 🔔 BTC will most likely drop to $37350 if doesn't break above this resistance. 🔔 There are strong dynamic and static supports on $37350 which should support the next jump to $49900 to complete this parallel channel pattern, which hopefully won't turn out to be a flag pattern. 🔔 $48K would be the first major resistance, if closes above $42000 🔔 If Bitcoin closes below $37350 it might as well drop to the lows of 2021 at $30275 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
$UKOIL - Conflicts, COVID, Sanctions, Triangle patternHi guys! 👋🏻 🔔 Conflicts, military operations, sanctions, COVID seem to be the headlines of 2022 🔔 The bursts of conflicts globally looks so intense that they might be the main drivers of oil prices. 🔔 I really don't think that EU will embargo Russian oil but if they really do, BRENT will hop to $160 easy, which according to the chart here is very possible. 🔔 For now, I'm expecting a slight correction here with a potential on a jump to $123. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
$BTCUSD - Identical waves inside this parallel channelHi guys! 👋🏻 🔔 Bitcoin has formed a parallel channel on a daily chart, strictly following its borders. 🔔 The last two uptrend moves have an identical angle and length, I just drew one and copy pasted to the second = identical. 🔔 With that being said we could anticipate another uptrend move as Bitcoin tested the lower edge of the parallel channel. And if that happens $72180 would be the next All-time-high. 🔔 Bitcoin sentiment is still - Extreme fear, and the winter is over. Bitcoin's recent jump could be a sign of the end of the crypto-winter. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:BTCUSDLong
by azizelliott
$AUDUSD - Inverted head and shouldersHi guys! 👋🏻 🔔 I believe the impulse is very high and the Australian Dollar will continue upwards. The track for the #DXY will be set by important economic data today and tomorrow, especially the #NFP - non-farm payrolls. 🔔 Russian Ministry of Finance this week declared the start of Gold purchases starting February 7, might effect the Gold price. The current economic and political sitiation is very tense, so Gold could hike this year, dragging AUD upwards with it. 🔔 Wedge pattern is about to complete and I am waiting for a breakout here, though the best would be a retest of 0.71, though might not happen. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
2
$XAUUSD - Triangle pattern continuationHi guys! 👋🏻 🔔 Daily XAUUSD chart projects a triangle pattern, and signals the retest of the lower edge of the triangle, based on the pattern’s rule. 🔔 Moving averages on a daily XAUUSD chart also do not favor the Gold bulls. MA200 and MA50 both are above the closing price of XAUUSD. Remarkably, the 200-day moving average is above the 50-day MA. This formation in technical analysis is referred to as a “Death Cross’ and always is a bearish signal. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSDShort
by azizelliott
$BTCUSD - Ending diagonalHi guys! 👋🏻 🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back. 🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern. 🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well 🔔 We have seen this pattern before, many times in fact, and it was a trend reversal pattern! So let's wait for a breakout to witness another uptrend move. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
$BTCUSD - Deeper correction is possibleHi guys! 👋🏻 🔔 Bitcoin lost $10K in value in a week after announcements from the SEC and the bill signed by the US President Mr. Biden 🔔 The 4-Hour Bitcoin chart looks very bullish, MACD and RSI indicators signal an upcoming short-term trend reversal. However, this reversal will firstly be interfered by a strong resistance at $62700. If Bitcoin does close above $62700 to continue the bull run it must close above a critical distribution zone at $65600 and $66100. 🔔 The daily BTC chart shows that more steeper correction is to be expected. Bitcoin after a retest of its new ATH at $69000 closed below April’s dynamic resistance. Price action of October 27, 2021 until the $69K was squishy, every impulse was followed by a strong correction. Hence, the uptrend of October 28 most likely was an expanded B-wave of Elliot’s Wave theory. If that is the case, then according to the rules, Bitcoin must complete another leg down to complete the C-wave and the correction. 🔔 The C-wave is most likely to be completed at levels near $52800 and $51600, where Bitcoin will reach the previous impulse’s resistance to test it as support and will retest the dynamic support of July 21, 2021. This retest will also reset MACD and RSI indicators to buy signalling areas. 🔔 Historically, November was Bitcoin's favorite month based on Bitcoin's monthly gains, hence a retest of levels above $60K is possible. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
7
$BTCUSD - Possible correction aheadHi guys! 👋🏻 🔔 Bitcoin buyers look very weak after a recent drop. The was a strong upward push from near $62900 level however the resistance of $65650 is still strong enought to restrain the further uptrend move of BTC. 🔔 I am expecting a retest of $62500 levels to touch MA100 and gain some power. To continue upward, Bitcoin must hang above $62500 and close above $65650 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDShort
by azizelliott