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Azizelliott

$BTCUSD - My $110K visionHi guys! 👋🏻 🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible. 🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop. 🔔 By the way the drop was caused not only by the retest of a dynamic resistance but because of the Settlements of Bitcoin futures on CME, so keep that on track when you trade Bitcoin. 🔔 There also is a possible correction to $58900 and $53300 to retest EMA50, so keep that in mind as well. 🔔 The importance of EMA50 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$XAGUSD - Goes to $26Hi guys! 👋🏻 🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level. 🔔 The US Dollar index is still vulnerable below the 93.7 which is a crucial resistance. The DXY chart I was posting in my previous articles still seems to be valid and the USD might drop to 92.5 - 92.4 levels to complete the expanding diagonal pattern. 🔔 As for the technical analysis, Silver on a daily chart is currently testing a resistance level formed by MA100. If XAGUSD doesn’t overtake this resistance, it might drop to $23.5 to find the next support backed by the EMA50. 🔔 RSI indicator shows signs of a correction ahead, MACD remains bullish. Hence, after a slight correction, XAGUSD may continue the uptrend up to $26 and $26.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
$USDRUB - Could drop to 70.5Hi guys! 👋🏻 🔔 Globally, oil prices soar, as lockdown restrictions ease and airlines resume operations. Crude is traded near $80 and Brent already surpassed the $83 per barrel mark. Russia is World’s third largest oil supplier. 🔔 Through the year, the Russian Ministry of finance continued its streak of foreign currency and gold purchases. These factors support the strengthening of ruble at least until the end of the year, while the growing foreign currency portfolio will act as a great instrument for Russia to keep the USD/RUB rate within the range of their interest. 🔔 From the technical point of view, USD/RUB also looks bearish for now. There is a descending channel on a daily USD/RUB chart. The 70.5 support area is an important level to watch, as it will be decisive for the next move of USD/RUB. Based on the rules of the falling wedge pattern, the price must complete the 5 wave move and reverse, as it’s a trend reversal pattern. 🔔 However, if the price drops below 70.5 which might happen due to several reasons, interest hike risk, weakening the US Dollar, soaring oil and gas prices. Russia sealing gas export deals with other EU countries, then USD/RUB might proceed down to 68 and 67 as seen on a weekly chart below. 🔔 The pressure on the US Dollar index is high as well, the most anticipated NFP data release today. These data will draw a further course of the US Dollar index, which has already tested a severe resistance zone at 94.3. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
2
$XAUUSD - Time to hedgeHi guys! 👋🏻 🔔 There is a breakout confirmation from the falling wedge on a 4 hour Gold chart. The price broke the resistance and retested it as a support. 🔔 The situation around Evergrande and negative NFP and employment data in the US will increase the uncertainty in the markets. Several Central Banks, including the Bank of Japan increased their Gold purchases in August and September. This week might be very volatile especially when it comes to the Non-farm payroll data release. 🔔 The bullishness of Gold is supported by both RSI and MACD indicators. MACD has already crossed the signal line, indicating a further upside continuation, whereas RSI remains in mid-level since June on a daily chart. If the uncertainty grows, the risk of rate hikes and there are signs of a crisis backed by Evergrande, then it will be the time for Gold to continue the climb. If breakout is confirmed. The continuation of a bullish run. 🔔 If gold is able to close above $1849, watch for the Inverse Head and Shoulders pattern ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAUUSDLong
by azizelliott
8
$USDJPY - Time for correction?Hi guys! 👋🏻 🔔 USDJPY looks extremely bullish, however a retest of 112.1 - 112.3 levels is most likely as the pair hit an important resistance on a 4H and a daily chart. 🔔 MACD and RSI are showing signs of an upcoming correction ahead, which might generate another uptrend potential of the pair. Probably up to 116. See daily and weekly charts below. 🔔 USDJPY daily chart. the important resistance. 🔔 USDJPY weekly chart, possible correction and a jump to 116. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
4
$BTCUSD - Falling wedgeHi guys! 👋🏻 🔔 Bitcoin is under pressure and some analysts even predict a heartbreaking decline to $36000 and some to a terrifying $19000. 🔔 It is clear for now that Bitcoin's price will be fully dependable on the global ecnomic data especially the US economy. The reason is not only the migration of mining powers to the US but Bitcoin ETFs and Bitcoin futures which are widely available to large cap investment firms in the US. Hence track the US Dollar index and economic data on your economic calendar when trading Bitcoin and cryptocurrencies. Cryptotrading will no longer be bound to behavioural and sentiment-based investment decisions, but will solely be a fundamental and technical analysis based. 🔔 BTCUSD is currently inside a falling wedge, there should be one more leg down (correction) before Bitcoin can climb higher. Bitcoin is traded within ranges of the support zone, which is now being tested as a resistance. Hence, one more leg down is expected. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDShort
by azizelliott
6
$EURUSD - Completion of the correctionHi guys! 👋🏻 🔔 EUR/USD is traded inside a downtrend channel. The price action of June 25 has formed an expanding ending diagonal pattern, which is yet to complete its formation. 🔔 4H EUR/USD chart, whereas the RSI is near the oversold level, hence to balance the strength, EUR/USD might retest 1.17700 before it continues to proceed downwards to complete the correction. 🔔 Key support levels to watch herein are $1.16150, $1.15000 and an area between $1.14500 and $1.14200. It is important to note that MA100, MA200 and EMA50 are all above the priceline and act as a strong resistance, most importantly the EMA50 is right at $1.17700 which backs the strength of this resistance. 🔔 Last week, the EU and German economic data were mainly red colored as the actual data released was not the same or above the anticipated. This fact weakens the Euro before the US Dollar, as these data clearly state that the ECB economic projections are inaccurate. Last week’s EU and German PMI data were below the anticipated. 🔔 It is pretty much clear that the end of the correction is not yet confirmed and for the Euro to continue the uptrend the economic data from the EU has to follow the projections of the ECB and EUR/USD must close above the upper edge of the downtrend channel. Until then, EUR/USD is bearish. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
$USDCAD - Different scenariosHi guys! 👋🏻 🔔 FOMC announcements are important today. The most important note expected from the FED Chairman would be announcement of the tapering asset purchases by the FED. The no-clue tapering asset purchases date might play a negative role to the US Dollar Index and since there will be a volatility, USD/CAD may jump to $1.2890 level and retrace to $1.2720 level pushed by the dynamic resistance of previous highs. 🔔 If the announcements are positive and the FOMC economic projection strengthens the confidence of investors in the US Dollar, then we might witness the USD/CAD’s continuation of an uptrend up to $1.29940 and $1.30900 levels, following an expanding diagonal pattern. 🔔 The second scenario looks least likely but indeed should be considered, this might take place if during the FOMC announcement rate hikes are adverted. In this case, in fear of rate hikes, the market might defect the US Dollar and USD/CAD might drop to $1.2580 and $1.2540 levels. 🔔 RSI and MACD indicators on a 4H USD/CAD signal the correction, namely a drop. RSI remains near overbought levels which show a decline when connecting the last three peaks. Key takeaways from the technical analysis are to watch the retest of the dynamic resistance of August 21, if USD/CAD closes above this level, the uptrend continuation will most likely take place with higher impulse. If there is a rejection, USD/CAD will correct to $1.2800 and $1.2720 below that. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
by azizelliott
1
$BTCUSD - Support withheld for nowHi guys! 👋🏻 🔔 There is a strong support zone at $43000 and $43800 levels which Bitcoin tested and for now keeps above them. 🔔 This support area is also backed by EMA50 and MA200. First strong retest is at $48000 if closes above then will reach the $51500. www.tradingview.com 🔔 Keep in mind that $52900 is a Fibo 0.618 of April 13's correction, so for new highs closing above this level is a must. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
$BTCUSD - Watch this rejection closelyHi guys! 👋🏻 🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance 🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500. 🔔 Although, if the support withholds, we can expect a jump to $51.2K and $53K. CME BTC futures expiry are set for August 28, after which the overall crypto-market should normalize. RSI and MACD are bullish, hence just wait for the right time. 🔔 The Jackson Hall conference also drives volatility in the market, I highly recommend you to watch for the DXY as since the beginning of the conference BTC was following the DXY. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
1
$BTCUSD - Expecting a correction hereHi guys! 👋🏻 🔔 I congratulate everyone with overcoming the 50k mark. At the moment I want to pay attention to some similarities in Bitcoin's price, which prompt about the beginning of a small correction before the next bullish movement. 🔔 It is possible that Bitcoin may try to overcome the level of 49800 at night, perhaps even 50,000 and roll back to 48200, where local support is located, there is an EMA50, which can create support. However, bears can push the price below to levels 47400 and 46700, where there will be an excellent point for the entrance to Long, since at this level there is dynamic and static supports. 🔔 Re-test levels 47400 and 46700 and closing over these levels can support growth to 51200 and 53000. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSD
by azizelliott
3
$BTCUSD - One last correctionHi guys! 👋🏻 🔔 #Bitcoin was rejected by a very strong resistance. So, fair enough, I believe we should go down to $36430 to test the resistance as support, to touch the EMA50 as support and swing high to $44-$50K 🔔 100MA as resistance, RSI overbought, MACD line on a green histogram and looking downwards, so one last correction pls! ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDShort
by azizelliott
6
$EURUSD - NFP's could fuel the downtrendHi guys! 👋🏻 🔔 Euro is below the trendline of March 23, 2020 and tested this dynamic support as resistance and was forced downwards. 🔔 Currently Euro is testing the 1.18400 support line and if closes below, will continue the downfall. The current level is also Fibo 0.786 of the uptrend of March 31, 2021. 🔔 Positive US NFP data might support the downtrend continuation of the pair. Up until now, Euro looks bearish against the US Dollar. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
$GBPUSD - Ending diagonal and Head and ShouldersHi guys! 👋🏻 🔔 GBPUSD is about to complete the Ending diagonal pattern to end this correction move. 🔔 There is a Head and Shoulders pattern which is clearly traced on this 4H chart, so keep an eye on that too. 🔔 There are no clear signs of a strong bullish reversal for Pound, although as seen on a larger time frame, it's most likely that GBPUSD will continue the correction further. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
2
$BTCUSD - Three golden rules so farHi guys! 👋🏻 🔔 Made this chart on Monday and didn't post it here though as had to leave. s3.tradingview.com 🔔 What is going to happen to BTC right now in my opinion is Bitcoin will make choppy moves upwards. Consolidate 🔔 What are three Golden rules? When it's overbought - goes down, when MACD line is over the histogram will go down, every Monday-Tuesday it goes down no matter what. Every Saturday there are ups and downs, every Sunday it's going up, when the week starts it just drops. 🔔 If breaks below this dynamic support, the next up is the strong static support at $31000 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSD - Symmetrical triangle, ABCDE validationHi guys! 👋🏻 🔔 There is a symmetrical triangle is formed on a 4-hour BTCUD chart. 🔔 Although it might look like that the uptrend is expected and there is a clear ABCDE correction pattern, I'l like to point out on a very important detail here, D didn't touch upper edge of the triangle. 🔔 In a strongly bullish formations like this, usually D touches and penetrates the upper edge of the triangle and E never touches the lower edge of the triangle. 🔔 We see a complete opposite here. Hence, I'm guessing that BTC has more chance to reverse from here but to keep to positive and optimistic sentiment, let's wait for it to escape from the triangle and the static resistance at $35300 🔔 I'm also relying on this support. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
2
$BTCUSDT - Strong supportHi guys! 👋🏻 🔔 Oversold in RSI, in my opinion, has reached a minimum, the channel was broken, as it usually happens, rather to absorb stops, in general I expect a retest of the upper border of the channel at 34600 🔔 Important resistance levels are also located at 33900 and 32000. We are also watching support at 31000, which Bitcoin will test shortly. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
8