XAUUSD(GOLD): More Fall?!
Well, as you can see the price penetrates below 1893 yesterday.
Now I am still bearish on the Gold chart and I expect the price to fall more to fill FVG.
We have two different scenarios:
The first scenario is the price starting the downward movement from 1902- 1906.
The second scenario is the price starting a downward movement from 1910-1920.
For these bearish scenarios, we can define 1880 and 1870 as TP.
💡Wait for the update!
🗓️17/08/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Bitcoinusd
Bitcoin has too much liquidity aboveHello, Community!
In today's anlysis we enhance the Elliott waves approach for CRYPTOCAP:BTC with the liquidity analysis to understand the likely move.
Let's take a look at the 4h time frame BTCUSDT price chart. Here we can see that price has likely finished it's corrective wave 4 which was represented as the ABC zigzag. Wave B was the triangle correction. Moreover, at the very bottom Bitcoin has formed bullish reversal bar.
Even if correction has not been finished we have only two local liquidity pool below, which are market with the red circles. At the same time we have a lot of liquidity above which can be easy collected and it's the magnet for the market maker. 5 circles can be collected too easy. After that we have imbalance at the $31k. Here is nothing changed, we assume that price should fill this imbalance at least before dump. But we can also see another one green circle at the top. It wouls be too easy to liquidate all short traders and set the new higher high. Moreover wave 5 is anticipated. Of course, it can be shortened, but in case of normal wave 5 $32500 is gonna be the nice target for this local bull run and the potential reversal.
Best regards, Skyrex team
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TheKing Still Bullish- Despite the silvergate mini Fud, BTC still on his consolidation trend.
- this Fud just caused a faster mini retracement but it would have happened anyway.
- Next Fud could concern Stables Coins, They are trying hard, no smoke, no fire.
- Whatever, at one point BTC will go his natural way. up!
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- For now look at the Graph :
-- BTC still evolving and bouncing on Tenkansen (Yellow Line)
-- Senkou Span is making a flat line around 32k ( Violin Line)
-- can notice a first support around 21.3K (Tenkan) ( Fibo 38.2% Retracement )
-- can notice a second support around 19.2K (trend) ( Fibo 61.8% Retracement ) (CME GAP 20.9k -19.9k)
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- imo not a time for trading for a long term investor, just watch.
- if you are a Scalper, that's fine, just use a tight SL.
- Any Fuds coming and any lower prices are fire buy at the good zones.
- i will comment this post with some older analysis so you will get the scheme more clearly.
Happy Tr4Ding !
SOLANA SHORT H4Hello friends,
Solana is currently in a resistance range that can be shorted by observing entry triggers. Please note that with a break of the trend line, we can potentially have relative growth in this currency.
I would appreciate it if you could share your thoughts with me in the comments.
BAKE BUY H1Hello!
To long this cryptocurrency, it's better to identify a suitable range that has the value of taking the risk. You have identified two patterns for going long on this asset, and you give a higher probability of going long in the first base.
Without having any additional information about this asset and the identified patterns, I cannot provide an opinion on the level of risk and profitability of these decisions. However, considering technical analysis and identifying suitable ranges, you can make a decision to long this asset.
Wishing you success and profitability.
AUCTION/USDT- Hit All Targets with 321% Massive profitsDear Traders,
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Bitcoin BTC price is waiting for a "fresh" Fed Funds rate todayToday is an important day for the financial markets, in 10 hours (18:00 UTC) the Fed will announce a new rate.
98% of respondents expect a +0.25% rate hike from 5.25 to 5.50. More interestingly, it is predicted that this will be the last rate hike in 2023, and at the end of the year, they may even cut the rate a little.
We won't go into the macroeconomics, but usually, when the rate is raised, the financial markets react by falling.
That is, the financial markets have the following expectations:
+0.25% (projected hike) = controlled market decline
+0.50% = a strong decline in the markets.
But we also need to look at the flip side of the coin.
What if the projected +0.25% rate hike is already "priced in" to the current price? After all, the markets have been correcting for several days.
Then, with the announcement of the 5.50 rate, there will be increased volatility in the markets, but the "market players" will say: oh, great, everything happened as expected, the correction has taken place, and now we can grow.
Or, in an unlikely scenario, Mr. Powell will want to outplay everyone and say: "CPI is at 3%, which is almost 2%, which we have been pushing the economy to for more than a year, so we decided not to raise the rate anymore!" This will simply blow the markets up.
Now let's take a look at the BTCUSDT chart
On July 24, sellers managed to push the BTC price below the support of the 32-day consolidation in the range of $29500-31500.
It would seem that the first thoughts are: everything is lost, trouble, the sellers have won, you need to sell everything...
But take a closer look, do you see the increased trading volumes at the breakout of $29500? The massive triggering of long stop orders should have accelerated the fall, and there would have been forced liquidation of positions. But we didn't see anything like that.
Could this be a bear trap?
Today we will get answers to most of our questions:
- If buyers fail to gain a foothold BTCUSDT price above $29700, then the red scenario with targets of $28100 and possibly $27300 will be finally confirmed and activated. We also want to note that we probably shouldn't expect a BTC price of $20-15-10-7 thousand or whatever guru-influencers-traders predict, because the cost of mining 1BTC is now $20-23 thousand. And then there is also a halving in 9 months, which will increase this cost at least twice.
- If buyers manage to gain a foothold BTCUSD price above $29700, then the blue scenario with a target of $34200 will become completely real.
Now, read the first half of the idea again.
And I would like to conclude with a well-known trader's phrase: "Buy the Rumor, Sell the Fact".
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BTCUSD Could Drop By -4.17% Soon!!!From my analysis on bitcoin, we could be seeing a possible drop in the price of BTCUSD by -4.17% and beyond. From my analysis , we could see this turn over of price from 29377.4 zone as sellers will most likely accumulate volume at that price point before the go short and in turn we could see a -4.17% drop if the previous drop is measured correctly. As an additional note, we can also notice that the heavy accumulation zone around 29600 has been broken, another indication of price on BTCUSD been short for the next days.
BTCUSD Next Possible Move - Sell BTCUSDHello Traders
Our technical view has been shown in the chart.
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Seven Forex
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
BitcoinUSD longGrayscale Writes To US Court Over SEC’s Unequal Treatment Of Bitcoin ETFs
Grayscale Investments has called out the SEC for approving Bitcoin futures ETFs over spot Bitcoin ETFs
The DCG subsidiary recently penned a letter to a Columbia court to highlight the SEC’s unequal treatment of BTC-based ETFs.
Grayscale’s letter came more than a year after it sued the SEC for denying its spot BTC ETF application.
The SEC has since rejected several other spot Bitcoin ETF applications filed by BlackRock, Fidelity, etc.
Grayscale Investments, the asset management giant behind the world’s largest Bitcoin, has called out the U.S. Securities and Exchange Commission (SEC) for approving riskier Bitcoin futures ETFs and rejecting applications for the relatively safer spot Bitcoin ETFs. The Digital Currency Group (DCG) subsidiary penned a letter to the US Court of Appeals for the District of Columbia Circuit earlier today to express its frustration with the SEC’s recent conduct.
NVDIA 4HR- Pull back Very LikelySorry for the small screen, but this is pretty straightforward. Bearish Divergence on MACD (not shown cause screen size) along with price action showing slowed momentum when trying to push through the very local high ie. Double top.
I would try to catch the bounce at the EMA and or anything within the 0.326-0.618 fib retrace area for all you swing traders out there.
Simple, predictable price action.
You shall respect the TA, while the weak fall down the wayside.
-b
BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Bitcoin in serious juncture.We had Positive XRP news that affected the market positively through the week. The market is ready to accept such. But 32 000 +- needs to be broken.
Right now w/Crypto markets and GOLD we are recoiling. Bitcoin is BULLISH all year long. A breakout will mean a Bull run and will catch momentum !
Ninja Talks EP 31: Bruce Lee TradingEmbracing Bruce Lee's Timeless Insights to Conquer the Markets
"Empty your mind, be formless, shapeless like water. If you put water into a cup, it becomes the cup. If you put water into a bottle, it becomes the bottle. If you put it in a teapot, it becomes the teapot. Water can flow or it can crash. Be water, my friend." - Bruce Lee
Embrace Adaptability: Just as water adapts to any vessel it occupies, be flexible and adaptable in your financial speculation. Markets can change rapidly, and being rigid in your approach can lead to missed opportunities. Adaptability allows you to adjust your strategies according to market conditions and seize profitable opportunities.
Cultivate an Open Mind: Emptying your mind, as Bruce Lee suggests, means letting go of preconceived notions and biases. Approach financial speculation with an open mind, ready to learn and explore new ideas. Embrace different perspectives, strategies, and techniques, as they can broaden your understanding and lead to better decision-making.
Flow with the Market: Water flows effortlessly, finding the path of least resistance. Similarly, in financial speculation, it's crucial to flow with the market rather than fight against it. Pay attention to market trends, follow the momentum, and align your trades with the prevailing direction. This doesn't mean blindly following the crowd, but rather understanding the market's dynamics and adjusting your positions accordingly.
Be Shapeless in Risk Management: Water takes the shape of its container, and in financial speculation, you must be adaptable in managing risks. Tailor your risk management strategies to suit different market conditions. Employ appropriate risk mitigation techniques, such as position sizing, stop-loss orders, and diversification, to protect your capital and navigate uncertain market environments.
Maintain Emotional Balance: Just as water remains calm and tranquil, strive for emotional balance in your financial speculation. Emotions like fear and greed can cloud judgment and lead to impulsive decisions. Practice emotional discipline, keep your emotions in check, and make rational choices based on sound analysis rather than being driven by emotions.
Learn to Flow and Crash: Water can flow gently or crash with great force. Similarly, as a financial speculator, you must learn to navigate different market conditions. During times of stability, adopt a flowing approach, where you follow trends and take advantage of gradual market movements. However, when faced with turbulent times, be prepared to crash, which means having the ability to protect your positions, cut losses quickly, and adapt to changing market dynamics.
Find Your Own Path: In Bruce Lee's quote, he advises, "Be water, my friend." This suggests that you should find your own path in financial speculation. While you can learn from others and study successful strategies, ultimately, you must develop your own approach that aligns with your goals, risk tolerance, and strengths. Being water means discovering your unique style and adapting it to achieve success in the financial markets.
By integrating these seven points derived from Bruce Lee's quote, you can approach financial speculation with a profound mindset, leveraging adaptability, open-mindedness, market flow, effective risk management, emotional balance, versatility, and a personalized approach to carve your path to success.
That’s all for todays episode Ninjas!
Like, comment, follow and I’ll see you in the next episode.
Keep your blades sharp.
Ninja Nick
Bitcoin BTC price is at a crossroads Vote on where price will goThe BTCUSDT price has been consolidating in a narrow range of $30-31 thousand for 21 days.
MM, which keeps the price in this range, has its own goals, which we can only guess at.
We expected that yesterday's announcement of the "fresh" US CPI, which came in better than forecast (3.0%), would push the price of BTC up (SP500 +1% after yesterday's US CPI announcement), but no.
The BTCUSDT price was smoothly falling to the lower boundary of consolidation yesterday.
This only proves once again that in the cryptocurrency market, it is still quite easy for the big money to fulfill their "tasks" and direct the price in the direction they want.
On the chart, we have presented two fractals of Bitcoin price movements that have occurred in the past.
It turns out that the price of BTCUSDT is now at a crossroads and the next few days may be "hot".
Of course, the activation of both the white and blue fractals will occur after the price consolidates above FWB:31K , or below $30k, respectively.
But still, which movement of the BTCUSDT price do you prefer in the coming days? Up or down? Please vote in the comments below the idea
We think that "the mood" of active participants in the crypto market will be interesting for many to see
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Trading Life- I don't post much right now because nothing exciting is on.
That said i will give u one more advise :
- When u trade you really need to switch timeframes.
- if you see nothing is interesting on 1 week or 1 Day, go to H12, then go H8, then go H6. etc...
- Now check your favorite indicators and look at some divergences.
- Divergences are the base of trading.
- Divergences tell you when you can "try" to enter a trade or not.
- if the market just follow the river, there's nothing to do, just watch.
- Spot for Divergences than bet on a trade is much better.
- Now check my graphic and get it.
- Really simple.
- Spot on Divergences and understand movements.
- Remember that trading is tricky.
- Naturally the market will always inverse what u think :D
- Sometimes, there's nothing to trade.
Stay Safe !
Happy Tr4Ding !
Bitcoin BTC price confuses everyone, and only 1 side winsFor more than 2 weeks, MM has been skillfully moving the BTCUSDT price in the range of $30-31k and "removing" the stops of both longs and shorts below and above this range.
We are betting that the exit from this trade will be upwards, at least to $32300-32500.
"Accidentally" on the upside, the price of BTC can be pushed higher to the targets we wrote in this idea.
Still, it seems to us that in consolidations from below are better and more confident in buying back the BTC price. And before that, the BTCUSD price falls easily because MM allows it and drives "small money" into short positions.
One example is the FUD of 30.06 about the failure of the Btc Etf Blackrock, the price fell exactly where it was profitable for MM and rebounded sharply upwards).
Well, we placed our bet: "Croupiers, spin the wheel" :)
Have a great weekend!)
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