Sorry, I've started shorting bitcoin We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 54203 Wish you good luck in trading to you all!
Bitcoin is now trading at ~60,000, which is 20% below the All-Time High of 74,000. ➖ If Bitcoin were trading at 37,000, which is 50% below the All-Time High, this would be good before a major political event. We could say, "Bitcoin is trading pretty low already, the correction was really strong so it can recover anytime." This is if the price was trading at 37K,...
Hey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested. - No cross below 2567 confirmed...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for BTCUSD (18-09-2024) (SHORT TERM) Current price- 59400 "if Price stay above 57400 then next target is 61000, 64000 and below that 56,000 . -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never...
I see one more important intraday structure breakout. Gold has broken through a support cluster within a small horizontal range, indicating strong selling pressure and a bearish signal. Following a thorough retest of the broken structure, there is now a bearish response. I anticipate that the price will soon reach a level of 2562/2553.
FX:XAUUSD is consolidating between 2588 - 2562. But, buyers are not yet out of the game in the hope of continued growth. Then everything depends on the Fed. Welcome to the casino :) At 18:30 the FOMC & FED will meet to decide whether to cut rates. 0.25% or 0.5%. A 0.5% Fed rate cut could send a mixed signal about the state of the US economy: the Fed's...
Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (17-09-2024) Current price- 2581 "if Price stays below 2593, then next target is 2571 and 2562 and above that 2600". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than...
Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded near $2475 level, bouncing down to $2438 points, and started to grow in wedge. In wedge, price soon broke $2475 level and then rose to resistance line, but quickly turned around and fell below. Price made a fake breakout of $2520 level, but...
As observed, gold fluctuated within the supply zone of $2579 to $2589 yesterday and finally managed to close and stabilize below $2579. Afterward, gold experienced an 80-pip decline, correcting down to $2572, and is currently trading around $2574. If the price stabilizes below $2577, we can expect further declines in gold, with potential targets at $2571, $2565,...
Hey Everyone, Another ranging day with side by side movement for the most part of today, as the market looks for a blueprint in this new range. Yesterday we got the first Bullish target hit at 2581 and stated that we needed to also keep in mind the Bearish gap below at 2567. Today we got the bearish target 2567 hit and now ema5 is playing just above the level....
🚨EURUSD Price Analysis Ahead of Powell's speech These are the two possible scenarios I am expecting from the FED. I don't think that the FED is going to kill USD today. Probably the price may rise up and down but EURUSD likely may face a strong resistance between 1.1200 - 1.1270 However this is only an assumption because Powell has the last word and we can...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to downward wedge, where it at once rebounded from the resistance line, which is located in the seller zone, and started to decline. In a short time price fell to the support line of the wedge, and then tried to grow, but failed and continued to...
Pivotal moment for Crypto alts. I think BTC dominance is topping out soon. One of the beneficiaries of that will be the stronger altcoin projects such as CHAINLINK. It presents a good risk to reward trade once we can break out of the RSI and triangle pattern. We are down over 50% since the highs this year. Alts remain highly risky in the short term so I’d rather...
In my current analysis of the Ethereum/USDT daily chart, I observe several technical indicators and chart patterns that influence my trading strategy. As of the latest data, Ethereum is trading at approximately $2,351.80, reflecting a positive change of 2.44% on the day. The chart reveals Ethereum is navigating within a downward trend channel, highlighted by the...
USDJPY is moving between trend lines above the descending channel. The descending structure is still intact and has not been broken yet. The price has already reached the lower trend line and 50% retracement level and formed a bullish takeover afterwards. We expect growth after consolidation above the resistance level. ------------------- Share your opinion...
I am bullish BITSTAMP:XRPUSD with upside targets of $5, $10 to $15. Those are the 3 main target levels. $5 target, 99% probability of being hit, IF price breaks out above $2 $10 target, 30% probability of being hit $15 target, 10% probability of being hit Selling may change depending on market conditions. dmt62dmt.substack.com ^Link to substack...
Daer Traders, We are witnessing a bullish reversal on EURJPY and that is why we think price is likely to continue going up. With possibility of price reaching towards a level of 166 which is a key level where we have fair value gap within the chart frame. good luck
My fellow traders, here we have a classic bearish chart setup. ➖ Bitcoin has been consolidation with a bearish bias now for six months straight; it has been printing lower highs. ➖ Volume has been dominant on the bearish side and the BTC side of the Altcoins market is decidedly bullish. These signals are telling us that Bitcoin is likely to move down next;...