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Consolidation

GBPUSD → Weak pound on negative fundamental backdrop FX:GBPUSD is finally coming out of a long consolidation. Tuesday's news determines the medium-term prospects for the market, and most likely the decline will continue. The target at the moment is 1.25000 - liquidity area and also an important psychological level. The bullish correction is coming to an end and the price is back in the bearish phase. After the inflation report, the markets are now betting that the Fed may start the interest rate cut phase in the summer. The forex market is plunging into the red corridor on the back of a rising TVC:DXY . The currency pair will technically reach 1.2500 in the near term and a correction may follow after a false breakdown. Resistance levels: 1.2615, 1.2650 Support levels: 1.2520, 1.2500 A break of consolidation support opens a bearish trend. Negative fundamental background will favor it. The nearest target is 1.25, further correction may follow before the subsequent fall to 1.2380. Regards R. Linda!
Short
by RLinda
4
BTCs Thrid Attempt, Will It Fail Again At Resistance Or Succeed?_______________________________________________________________________________________________________________________________________________________________________ Hello My Dear Traders Investors and Community, today this is an important chart because we are facing a difficult situation in BTCUSD. The BTCUSD mid-to-long-term-chart is full of contrary signals at the moment, as I already mentioned in past analysis, on a mid-to-long-term-perspective we are still in an overall consolidation phase because BTCUSD is trading in a big triangle if you didn't saw these analyses I recommend that you check these out when going on my account and look on the past BTCUSDs charts! Okay, let's look at the chart. As you can see when zooming in, BTCUSD bounced at the support just as I forecasted, you can see the support marked with the orange box, the support is between 5770 and 5900 now what is important is that we have still plenty of resistance above us, there is the smaller falling red resistance line on the short-term-perspective and the huge falling resistance line on the mid-to-long-term-perspective (Which also builds the upper-line of the triangle we are trading in). As we are approaching the third time the red-falling-trend-line now I am expecting a pull-back in this region, consolidation is also possible, just similarly as seen with the second attempt to break the resistance. Remember that this is a really strong resistance which brought BTCUSD almost - 58.7 % down, together with the 135-EMA there is a strong resistance-confluence-zone which should be ignored. Now the good news is that when we break these important and strong resistance levels it is a good bullish signal which can be considered for a bullish continuation to the upside. When it breaks it has to confirm fully and the 135-EMA and resistance line should be clearly broken with minimum more than 10 % to the upside, otherwise, it could be still a failure, that sometimes happens when the breakout confirms slowly but not for 100 % and the trend snaps back again in the other direction, it can also be described as a bull-trap. In this manner, there could be still a possibility for a bull continuation although BTCUSD printed only bearish signs in the last-time not to mention the heavy bearish decline which brought BTCUSD from 9200 to 3900, but when the resistance confirms we have still the 38.2% retracement above us and the strong falling red-resistance line which have to be taken out for a full bullish scenario on the mid-to-long-term-perspective. _______________________________________________________________________________________________________________________________________________________________________ The amount of good luck coming your way depends on your willingness to act. Feel free to support for more valuable insight, thanks for your support, my friends! ;) FAREWELL Information is only educational and should not used to be for taking action in the markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
13
ETHUSD - Road to success__________________________________________________________________________________________________________________________________________________________________ Hello, my dear traders investors and community, as the whole stock market as well as the crypto market is panicking because of volatility that hasn't been seen since years it is important to look on the opportunities such volatility can bring us and don't get over panicky. This analysis is for the middle to long-term showing the possible opportunities ethereum can provide to us. On the daily view, I detected some interesting signs which are worth to look at! __________________________________________________________________________________________________________________________________________________________________ Ethereum provided us a big wide range in which it is trading all over 2019 till now, you can see the range market with the dashed red trend-lines on the bottom and top of the range and also with the turquoise double-arrow seen in my chart. The bottom of the range is very important as it holds the whole structure intact. When this bottom gets crossed bearishly down I don't see much of a continuation of the up-trend! But as for now, it seems like the price is stabilizing above the bottom of the range. __________________________________________________________________________________________________________________________________________________________________ The last days we saw a huge volatile break-down because of the corona fears, it must be said that this was a panic reaction of the markets! There is a possibility to see a stabilization in price. __________________________________________________________________________________________________________________________________________________________________ RSI: The RSI touched a first time the level of 22.5 before providing us a healthy up-trend. Now we see exactly the same valley in the RSI as you can see marked with the green and orange circles in my chart! __________________________________________________________________________________________________________________________________________________________________ Bear-Trap: Ethereum fell down and made the low at 88.20 USD which provided an immediate pull-back to the break-down level at 135. This could be the beginning of a new trend otherwise it can fall still more and continue __________________________________________________________________________________________________________________________________________________________________ 61.8 % Retracement: The 61.8 % Retracement in this structure is very very very important! Because it is also marking the last point before the huge bear-move down happened! It is the last neutral point in this structure. When a decent uptrend develops I see the next resistance at this level as you can see marked in my chart! __________________________________________________________________________________________________________________________________________________________________ Otherwise, there is still a possibility tofall to lower levels, I won't underline the bullish scenario 100% for sure, but for now, they're coming to some bullish signs which shouldn't be ignored. Also, it is important in such volatile times to wait for a confirmation of the developing trend. Wise traders always wait for confirmation in the markets. __________________________________________________________________________________________________________________________________________________________________ Thanks for watching! Feel free to leave a like and follow for more market insights! All the best! Information provided is only educational and should not be used to take action in the markets. __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:ETHUSDLong
by VincePrince
25
Huge Symmetrical Triangle will determine Bitcoin Future Outcome!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. We live in volatile times today! As the news is spreading the coronavirus fears and national emergencys called in many countries of the world we see rumors facing all important financial markets including the cryptocurrency market and the biggest cryptocurrency of all, bitcoin! We saw BTCUSD breaking down several support levels as it formed a major low at 3850 after a heavy downfall making more than minus 50 % in just one day. Today I discuss with you the important price pattern I detected observing the bitcoin chart and the heavy outcome BTCUSD will show us in future! __________________________________________________________________________________________________________________________________________________________________ When looking at my chart you can see this huge historical triangle forming after the major high was seen in 2017, as looking objectively on the triangle we can say that we are still trading in a consolidation phase considering the long-term approach. The symmetrical triangle will break either in the bullish or bearish direction with a heavy outcome, the longer we are trading in the triangle the heavier the outcome will be, so at this point, we need to wait and look for more bearish or bullish signs to confirm the definite outcome of the triangle. __________________________________________________________________________________________________________________________________________________________________ Sell-Off: __________________________________________________________________________________________________________________________________________________________________ Local Support/Resistance: __________________________________________________________________________________________________________________________________________________________________ Considering the next days and weeks I am expecting up-moves to higher levels at least to recent support/resistance levels between 6460 and 6900, after this a test of the upper triangle line as seen in my chart is highly likely. Either of the two targets marked in dark red will be reached when the triangle confirmed in the bullish or bearish direction. I know many of you want to believe in the crypto bull market but at the current point there also has to be considered the bearish scenario as also the major stocks and world economy showing bearish signs we are facing a possible recession the next months and years, therefore the bearish scenario has to be considered and taken seriously. __________________________________________________________________________________________________________________________________________________________________ Thanks for watching, I hope everybody found this analysis useful. For more market insight feel free to support my work with a like and follow. I wish everybody of your good days and a nice weekend! “It is the job of the market to turn the base material of our emotions into gold.” In this manner have a good weekend my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
40
Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart. As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital. __________________________________________________________________________________________________________________________________________________________________ When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture! Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts. There is also the big descending wedge in gold which already confirmed the same way in bitcoin. Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase. When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in a Wyckoff Cycle. Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same dynamic in the bitcoin chart as you can see when looking at my chart. Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern before a breakout. Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time. __________________________________________________________________________________________________________________________________________________________________ Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;) Please like and follow my work for more market insight. All the best and good trading profits my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
33
XRPUSD - SMART-MONEY BUYS AND HOLDS - HERE IS WHY! ____________________________________________________________________________________________________________________________________________ Hello. Today i want to share with you an important and interesting observation which i made with XRPUSD. We are looking on the weekly-time frime. As the cryptocurrency market consolidates and BTCUSD provides some possible bullish break-out signals, Ripple is an important coin to look at. ____________________________________________________________________________________________________________________________________________ As you can see on my chart, there is an pattern which exactly repeats.There is a reason why XRP is the third biggest cryptocurrency after bitcoin and ether- eum. It has an longer history in the cryptocurrency market backing from a time where the mass of crpytocurrencys existing today wasnt there. As XRPUSD provided two growth phases in which it gained 5544 % in the first and astonishing 94870 % in the second, the same pattern is repeating right now. ____________________________________________________________________________________________________________________________________________ After the first growth phase XRPUSD had an corrective phase where smart investors took profit and XRP dropped down, you can see the take-profit phase marked with the red box in my chart. Then it took a long accumulation phase where smart money accumulated before public money to launch the rocket to moon. This provided the second growth phase which you can see in my chart. The pattern provided the last months is nearly the same, the take-profit phase with an ABC-correction an the accumulation. ____________________________________________________________________________________________________________________________________________ XRPUSD is an good coin with lots of support from banks and goverments which implementing and integrating the coin, also it held the market-cap and price stady above the 0.24 support, it bounced several times in this price level as smart-money is accumulating, exactly the same pattern repeating seen before. ____________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ____________________________________________________________________________________________________________________________________________
POLONIEX:XRPUSDLong
by VincePrince
60
GBPUSD → Consolidation breakthrough. Attempt to change the trendFX:GBPUSD is coming out of the longitudinal consolidation by breaking the lower boundary. The accumulation has been forming for two months. Price breaks support, updates the low and forms a correction to the previously broken level. The dollar index is in a bullish phase, after updating the local high, a correction is forming and the forex market is reacting to it. Most likely the dollar index will continue its growth. Today, at 19:00 the FOMC Bowman will speak, and the current situation on inflation and interest rate will be commented. Technically, from the currency pair we can expect a false breakdown of 1.2615 with the subsequent decline to the levels: 1.2506, 1.2380 Resistance levels: 1.2615, 1.276 Support levels: 1.2506, 1.2380 The currency pair is forming an attempt to change the trend. If the shift is confirmed, the phase of accumulation realization (distribution) may last long enough, the strengthening of the dollar may support the GBP bearish trend. Regards R. Linda!
Short
by RLinda
11
Bitcoins Actual Amazing Movement Similarity with the Last Cycle!_____________________________________________________________________________________________________________________________________________________ Hello my friends, I wish everybody a Happy New Year! Hopefully, everybody had a nice New Years' Eve. So we are in 2020 and there are important things I discovered with bitcoins weekly time-frame movement, which I share with you today. Let's go! There Is Bitcoins Big Cup and Handle Cycle which already played out with the target of the Cup and Handle Confirmed. You can see it in my chart, you can see the different stages of the cup and handle confirmation, breakout, and target marked with numbers from 1-4. Also, there is the first Cup and Handle Formation which already played out in 2017 marked with the letter A and the next Cup and Handle Cycle marked with the letter B. 1. Double Bottom and First Accumulation: The first bullish signs after a long and strong bear-market indicating a possible change in direction. Smart-Money is accumulating in this phase. 2. Second Accumulation: Retail Money is accumulating in the market. The prices are rising higher. This is also a substantially important phase for bitcoin to develop further rising price-movement. 3. Breakout and Cup and Handle Confirmation: Price increases further after the second accumulation is completed. Price confirms at the right top of the cup and forms the handle which completes the formation when confirmed. 4. Final Cup and Handle Target: It s the price target projected from the top of the Cup and the lengths from the bottom to the top from the cup of this formation. The minimum target zone is the percentual price lengths from the bottom and top of the Cup and Handle formation, more often then not the prices shoot higher than the actual target. Which you can see in the first Cup and Handle Cycle. Cup and Handle Formation: In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed a smaller drop and a rise past the previous peak. It is interpreted as an indication of bullish sentiment in the market and possible further price increases. ______________________________________________________________________________________________________________________________________________________ The second Cup and Handle Cycle in which we are trading right now looks pretty similar to the last one, it wouldnt be not so Improbable that we confirm this second Cup and Handle like the last one. On the other hand these formation can also fail and print another formation which either consolidates or falls down. A defnite test of the higher line from this formation can be taken as complete confirmation of the formation and further upward price movement. ______________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
BITCOIN BEARS! Next Trap Incoming and Major Decline will Follow __________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I discuss with you an important observation which I made on the daily bitcoin chart. As bitcoin is trading in a consolidation again just as seen before the major drop came which dropped bitcoin to the 7800 levels, there are some important things to look at. __________________________________________________________________________________________________________________________________________________________________ Bitcoin is trading in a declining channel with several lower-highs and lower-lows already formed in the past. After bitcoin formed the triangle on a weak support base which finally broke badly to the downside after the bull-trap, bitcoin is consolidating again now. In my chart, you can see the reason for the break-down marked with the horizontal trend-line and the bull-trap callout. The higher-high which was formed in june was formed with high selling volume. Also before the break-down, we saw weak volume in the weak support zone. There is a reason why bitcoin cant establishes a new higher high, with bad volume more decline is likely to happen as we are still trading in bearish environments. We formed the last lower-lower at the 7750 as you can see in my chart, the support which is building now looks similar weak to the last weak support range. So what can we expect in the next days? A bull move to the upside is likely, as you see in my chart, which is critical because bitcoin will directly trade into resistance at 8800-8900. There is major resistance at 8800-8900 also the upper trend-line of the orange parallel channel is marking serious resistance. With facing these important resistance levels a next bull-trap will confirm as there are not many solid bull signs for a successful reversal. The orange channel you see in my chart is critical, I can't see any bullish continuation without taking out this channel. This channel has to be taken out for considering the bullish scenario, without this it is still a bearish declining channel that trades to the downside. __________________________________________________________________________________________________________________________________________________________________ This was my analysis, hopefully, everybody can profit from the information, have a good time and of course good trading profits! For more market insight feel free to support. Information provided is for educational purposes only and should not be used to take action in markets. __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDShort
by VincePrince
24
Overall Bearish but this Fractal could save Bitcoin. __________________________________________________________________________________________________________________________________________________________________ Hello my traders, friends and family. Today I make an important analysis following coherently up my two last analyses on BTCUSD, where first I pointed out the future outcome in middle to long term of bitcoins price on the daily time-frame and as second the current price action and where we are heading on the 4-hour time-frame. If you didn't see these analyses already you can see it here: __________________________________________________________________________________________________________________________________________________________________ This analysis playing an important role to show the possible save from bitcoins bearish outcome with the fractal i found. The analysis is building a logical continuation to the recent two analyses with other indicators, so i would recommend you to see also the last two. Lets go! __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and as you can see in my chart there are two fractals which are marked with orange ellipses, one that already played out and another which is completing now. The fractal which already completed pulled back several times at the 20-EMA before it made an down-pull to the 7300 area, after this we have seen an massive uptrend which made almost 41.91 %. __________________________________________________________________________________________________________________________________________________________________ It is important to watch for the 20-EMA (purple) confirmation in this scenario, as the same is pretty similarly happening now, several pull-backs at the 20-EMA before going down and recovering massively. As you can see in my last analysis (4-hour chart) we are heading into resistance at the 7300 - 7400 level which is also matching with the 20-EMA. __________________________________________________________________________________________________________________________________________________________________ When this scenario plays out and we get another pull-back at the 20-EMA we will see good support between 6000 - 6300, which you can watch marked in my chart. There is also this major support line marked in black in my chart, where we will highly likely get minimum a pull-back when touched. __________________________________________________________________________________________________________________________________________________________________ Thanks all my friends. Good trading profit in december 2019 ;) Feel to support for more market insight. Information is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
17
ETHUSD - Pick up the money?! Setting up for a BIG MOVEHello traders investors and community, today I share with you my opinion on ETHUSD and what will be the next. The second-largest cryptocurrency is trading downwards in a channel, we will touch 50 and 100 EMA before falling again. We have a falling volume what is always a characteristic of market change and big moves coming. As you can see in my chart, there is support at 120 - 130 if we touch this support and get good volume and good momentum the scenario seen in my chart is likely to happen. For my point, I will open a short position in ETHUSD when coming to local resistance and touching support zone cover my SHORT and open LONG position. The actual setup is also excellent for SHORT on short to middle term because ETHUSD will highly likely fall more. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. "I wait until the money is ready and I just have to go there to pick it up. In the meantime, I do not do anything."
BITFINEX:ETHUSDLong
by VincePrince
37
BTCUSD - Ready for the storm? Trading in huge bear-flag! _______________________________________________________________________________________________________________________________________ Hello traders investors and community, there are some interesting things going on with BTCUSD which i want to explain today. We have seen BTCUSD con- solidating the last days and weeks in the range between 9000 and 13700, this would not hold on forever! As momentum and volume decreases there will be an shift in price movement, either up or down. _______________________________________________________________________________________________________________________________________ As you can see in my chart, looking on the 4-hour chart, BTCUSD is moving in a huge channel. Which i detected as a bear-flag. After we had the top at 13700 supply entered the market and BTCUSD felt down to 9200, where its consolidating now and forming a bear-flag. Those patterns are known to break in the di- rection its origin is, in this case to the downside. _______________________________________________________________________________________________________________________________________ The RSI is forming some bearish divergence, i am expacting it to touch the oversold region before we go down, also you can see that the 200 and 50 EMA for- med a bearish cross-over. The 200 EMA is important in this case because we hold it steady in the recent up-trend, you can see it was touched several times before it felt down and formed the bearish cross-over. _______________________________________________________________________________________________________________________________________ Also, you can see in my chart, the percentage price projection of the bear-flag that will be intact when we confirmed the bear-flag. Of course this pattern can also confirm to the up-side (fake bear-flag), but normally it confirms in the direction where it came from, i give the bearish scenario a probability of 75 %. In my chart you can see also the blue trend-lines in which we are trading right now, i am expecting that we will stay in this range till the bear-flag target has reached. From there we have to look and wait for more information, i would be cautios of opening LONG positions here! A possible scenario after the bear-flag target has reached would be a second bear-flag! _______________________________________________________________________________________________________________________________________ This pattern can be either traded aggressive with a immediate SHORT entry, an entry in the sell zone (neutral), or conservative with waiting on confirmation of the bear-flag. I prefer the second and third scenario with waiting on confirmation of the bear-flag! I will look for a possible entry in the sell-zone and will add to position in the conservative entry-zone when the bear-flag has confirmed. _______________________________________________________________________________________________________________________________________ I hope everybody enjoyed my view! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis! This information is only educational and should not be used to take action in the markets! _______________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDShort
by VincePrince
9
CRYPTOMARKETCAP-What to expect from the next months?!______________________________________________________________________________________________________________________________________________ Hello traders, investors and community! There is an interesting and exciting pattern which i want discuss with you. The cryptocurrency market is in a rise right now but what can we expect from the next months/year?! We are looking on the daily chart of the Crypto total marketcap, i have taken the wick and last volume line from the chart to have a better view on things happening in the chart and the formation in progress. As i told already in later analysis there is an correction expected coming up the next weeks. After retest of the 368 billion level i am expecting a pull-back from that level. ______________________________________________________________________________________________________________________________________________ In my chart you can see an huge inverted head and shoulder formation forming marked with grey arrows and light greene curves. There is a high potential for the right shoulder to form in the next months with the expected correction, you can see the support level between 200 - 230 billion marked with green trendlines, this is an important level because we had several bounces at this level in the past! Be aware, when we cant hold this level and confirm it as support there is a scenario in which the cryptomarket can turn to the downside. So it is an important level to watch at, when we cant hold the 175 to 200 billion range i see not mutch support below! But however, this is not the scenario i am expecting. After the correction to 200 - 230 billion i am expecting a consolidation in this area and an new uptrend forming from there you can see it in my chart marked with the light green curve. When this scenario kicks in and we can move above the blue trend line marking the neckline of the head and shoulder formation i see 1.2 to 1.3 TRILLION in the future! BUT this must be with good volume and a bullish candle or an bullish candlestick formation with good momentum friends. There is a target in my chart which is then expected and to look at! ______________________________________________________________________________________________________________________________________________ Thank you everybody for watching traders, i hope you enjoyed, i will update later, follow for more insight information! May all the happines and luck come to you! Peace. ______________________________________________________________________________________________________________________________________________
CRYPTOCAP:TOTALLong
by VincePrince
2
LTCUSD - bears looking to the ground! Hello traders and community! Looking on the current cryptomarket situation, LTCUSD is forming an interesting pattern which is worth to look at. On the daily timeframe you can see that LTCUSD is forming an triangle-formation. This is a pretty worthy signal because we have several factors which make clear that LTCUSD will make some more legs down. In my chart you can see that LTCUSD already confirmed the blue trend line and is now in a triangle-formation which normally in this situation breaks to the downside. The blue trend line is important because it is a 202 days old one which is broken now! In my chart you see the 38.2 % retracement of the overall bullish trend LTCUSD set in the past, it is also the triangle target! So two important levels to look at. The 38.2 % retracement is also an important psychological price level at 100 USD, normally at those price levels support and resistance is found! After this target is reached, (which is highly possible that it does) we have to look what LTCUSD does next. There are two other meaningful levels which LTCUSD may reach in the future! Once it is the 50 % retracement and second the 61.8% retracement of the recent bull move. This formation can be traded in several ways, there is an aggressive approach with immediate entry without waiting for confirmation, there is also an conservative approach to wait until the triangle has confirmed and broke out. The second option would be smarter because it is possible that the triangle breaks to the upside which it rarely will do! After a confirmation of the triangle down i will look for a good entry to place a short position. Other people may be bullish on LTCUSD now but at my point i cant see a decent long opportunity here! Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody! ;D
BITFINEX:LTCUSDShort
by VincePrince
8
Consolidated or Channeled??? - EGHere I have EUR/GBP on the 4Hr Chart! Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!! I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days! Now initially this looks like a potential Bear Flag to me with this PA happening after a strong decline! BUT Being unbiased, if Price does find its way down to the Support Area, being unable to break and news for GBP comes in Negative, we could see EUR gathering Buying Pressure and price heading up!! Fundamentally the 11th-16th: EUR - Clear GBP - Gov Bailey Speaks (Mon), Claimant Count Change & AHE (Tue), CPI (Wed), GDP (Thu), Retail Sales (Fri)
by Novi_Fibonacci
GOLD → Support retests continue. Weak fundamental backgroundOANDA:XAUUSD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing. The fundamental background for gold still remains and is relatively negative at the moment. On the chart above we can observe a difficult situation in XAU. Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday. Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is weak, as evidenced by this week's news. Support levels: 2029.7, 2020, 2015 2004 Resistance levels: 2039 - 2942 It is logical to expect a decline based on the current data, from the opening of the US session, the market may test resistance before falling TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
BTCUSD → Consolidation after the rally. What's next?BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation of the bottom in the market. At the moment we see the formation of a sideways range 44500 - 40225, which at the moment plays the role of consolidation. Short and long squeezes, shakes relative to the range boundaries indicate a phase of strong accumulation of potential before further movement in one or another direction. Based on the technical and fundamental component, the market seems to be preparing to continue its growth. The area of 42000 is technically important for the market in the medium and long term, as evidenced by the 2-month sawing ( consolidation ) of this area, which divides the market plane into two areas ( bearish and bullish ), but as we see the price is trying to strengthen above this area to form a strong support area before further growth. Pic: Level 42,000. Price consolidation at the level. Fundamentally, BTC is quite a strong asset. GBTC outflows continue but in much smaller volume, net inflows into ETFs are higher than outflows. A new problem in the US, which can play into the hands of BTC, is the situation in the US banking sector, the topic again concerns bankruptcies. In March 2023, the Fed started printing in response to problems in the banking sector, and BTC was perceived as a safe haven. Accordingly, the restart of the Fed's printer will increase interest in BTC, which may favorably affect the crypto asset's capitalization. Support levels: 42000, 40222, 38500 Resistance levels: 43250, 44500 The trend is bullish, technically the asset is quite strong - this conclusion can be made based on the strong consolidation after the rally. The market is starting to prepare for halving, against this background, the price may test the support zone before further growth. But, based on the overall data, in the medium and long term, the growth of the crypto asset may continue. CRYPTO:BTCUSD CRYPTOCAP:TOTAL CME:BTC1! Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
26
GBPUSD → What could free the price from the sideways range?FX:GBPUSD is in a flat range condition. The whole market has been standing still lately, which complicates trading due to the lack of safe zones to open trades. Yesterday was an interesting trading day in terms of outlook. The news from FED & FOMC defined a rough medium term outlook for the dollar, so we can use this information. There is just as much important news today. Technically, the odds are higher for the currency pair to change its trend from a sideways market to a downtrend. This scenario will be able to realize a break of the support at 1.2615, but, within the range, the price may stay for a long time, until a stronger factor appears, which will free the price. Resistance levels: 1.2784 Support levels: 1.2615 Today's news could also raise the volatility in the market. If the Dollar ( TVC:DXY ) continues to get support, but the pound will break the area of 1.2615 and the price may head towards our targets. Regards R. Linda!
Short
by RLinda
21
BTC Market Update 5th February In the latest analysis post, I've closely examined the performance of Grayscale Bitcoin Trust (GBTC) with a particular focus on recent liquidity movements. Over the past week, spanning five trading sessions, a noticeable deceleration in the rate of daily outflows from the trust has been observed. Specifically, the average daily outflow rate has contracted by +20%, indicating a substantial reduction in the volume of withdrawals. Since its inception, Grayscale's Bitcoin exposure has significantly diminished, registering a reduction of 127,000 BTC, equivalent to a 20.5% decrease in its holdings. This contraction can be attributed to various factors, including the liquidation of positions by discount buyers, the unwinding of assets by the FTX estate, and a notable shift by investors towards more cost-effective ETF options available in the market. Regarding Bitcoin's market direction, my analysis suggests a period of consolidation before any potential upward momentum. Currently, there are no discernible indicators hinting at an imminent downturn in Bitcoin's value; the market conditions appear stable and ready to grow. This stability holds significance for the crypto market, as historical patterns indicate that an increase in Bitcoin's price often precedes similar uptrends across the broader altcoin market. In essence, when Bitcoin's price rises, it tends to have a ripple effect, elevating the value of other coins. The intricate interplay between Bitcoin's liquidity movements and its price dynamics, coupled with the subsequent impact on the altcoin market, underscores the complexity of the cryptocurrency investment landscape. Having a long exposure in the consolidation range is considered a favorable entry point, especially for portfolios without existing long exposure.
Long
by TheArabianWhale
1