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27.4K still on the tableMorning folks, Situation has not changed significantly since Thu update. We still keep our short-term upside target around 27.4K. Now price is coiling around 4H K-resistance after completion of COP target (0.618 AB-CD extension). Here we have two bullish signs. First is - tight standing right under the level suggests attempt of breakout. Second - we have bullish dynamic pressure when MACD goes down while price is not. It points on the same. That's being said, until next update on Thu, BTC should try to break resistance up and touch 27.4K target
COINBASE:BTCUSDLong
by Sive-Morten
LTC Short-Term 1HIntervalHello everyone, let's take a look at the LTC to USDT chart on a one hour time frame. As you can see, the price is moving above the local downtrend line. After unfolding the Fib Retracement grid, we can determine a support zone from $63 to $62, then we have a second zone from $60 to $59, and then strong support at the price of $57. Looking the other way, we see that the price is struggling with the resistance zone from $64 to $65, then we have resistance at $67, and then strong resistance at $70. Looking at the CHOP indicator, we see that there is still some energy to continue the upward movement, while the RSI indicator is approaching the upper limit, but we also have some room to go higher.
by cryptodailyuk
27-27.4K is possibleMorning folks, BTC now is living from one news to another, with record low trading volume and no interest to the market from investors. Despite any short-term spikes, BTC has nothing to offer when Fed rate is around 5.5 and forward stock market yield is already lower than short-term T-Bills one. It makes us think that long-term bearish tendency is intact. In short-term, market has some upside momentum, after completion of our 24.7 XOP target and grabbing stops under 25 lows. Based on this momentum, it could try to climb slightly higher, to 27-27.4K area. But before this happens, we suggest that BTC will show deep retracement, so we should get new "C" point for our AB-CD upside pattern.
COINBASE:BTCUSD
by Sive-Morten
1
Analysis of BANKNIFTY index on Daily chart (1D)Looks beautiful on the daily chart... I'm happy to see the breakout candle of the H&S pattern trendline (pink line)... Now, we can see the higher resistance shifted to 45300 / 45900 and support is shifted to 44500 / 44100 It's just a view of what I observed on the chart. I'm sharing my observation on this platform purely for education purposes and It's not a trading idea. I'm not a SEBI registered technical analyst, so consult your financial advisor before trade and trade based on your own knowledge and risk management...
NSE:BANKNIFTY
by jaydeep984trivedi
Nothing to change - 24.7K on the tableMorning folks, BTC is totally dead, very anemic and tight action. 54% of all transactions now is just deposit/withdrawal operations from broker accounts... We have three reasons to keep our bearish scenario and 24.7K target intact: uncompleted downside AB-CD (XOP) target, signs of bearish dynamic pressure (MACD is bullish while price action is not) and high level of the US bonds yield. Whether pullback will happen or not - we will see, but definitely not before 24.7K target been reached.
COINBASE:BTCUSDShort
by Sive-Morten
Grayscale ETF hype has vapoured out fastMorning folks, As we've warned on Thursday - all this hype around Grayscale ETF is purely emotional and speculative. This topic just was used to shake the boat - that's all. Two days after everything returns back. As we've said already - we do not expect any rally if even Fidelity, BlackRock or whatever else ETF will be approved by SEC. Yes, minor emotional jump could happen but it doesn't change the fundamentals which are totally bearish for BTC. What really matter - is US yields, that are raising again. BTC recent performance looks bearish and we keep the same target valid - 24.7K, at least. We do not consider any long positions by far.
COINBASE:BTCUSDShort
by Sive-Morten
When the dust settlesMorning folks, Poor BTC has got occasion to show the rally on a background of Greyscale Hedge Fund and its SEC dispute. SEC has been obliged by court to review its decision, but, guys, to be honest - how this relies to BTC pricing? Whether it will be Hedge fund or ETF, what's the difference. Its just the way of money investing. Besides, SEC intends to make appellation and could find just different reason to deny. Anyway - we see purely speculative activity around this event that doesn't correspond to BTC pricing or value. And we think this is temporal. As a result of these conclusions, we keep valid our 24.70K daily XOP target and consider current levels interesting for short entry, as soon as we get some bearish pattern, such as "222" Sell, for example.
COINBASE:BTCUSDShort
by Sive-Morten
No activity - no changes.Morning folks, So, markets are a bit frustrated by recent J. Powell speech and its indecision. Fundamentally nothing has changed - we still have bearish view on BTC market in long term. High interest rates and coming new spiral of inflation in the US leaves no chances to non-interest bearing BTC. When T-notes and T-bills already give 1.8% premium to S&P dividend yield. In short-term, we do not see any activity since our last update. This week we get the bulk of important data so, investors prefer to wait when they will get the numbers. Still, Strong downside momentum and flat action makes us think about 24.4-24.7K target as very probable one.
COINBASE:BTCUSDShort
by Sive-Morten
SasanSeifi 💁‍♂️INJ👉1D🔻 6.50$ / 5.50$Hey there! In the daily timeframe, as you can see, the trend fluctuates within the price range of $5 and $10. ▫️ Currently, it's trading around the $7.20 price range. The expectation we can have is for the price to continue towards the price range of $6.50 and the support zone of $5.50 with a corrective trend. To better understand the continuation of the upward trend, it's important to observe how the price reacts to the support levels during this correction. Otherwise, if the price manages to break above the resistance level of $8 and establishes itself, we might witness further growth towards the $9 price range. For now, the trend appears to be corrective.📊 🔵Remember, always conduct your own analysis and consider other factors before making any trading decisions. Good luck!"✌️✨ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
Short
by SasanSeifi
BTCUSD DailyThere re 2 posibilities tht i have in my analysist. Red path and Blue path. Red Path : not able to break from nearest demand area, then go up until nearest supply area, then goes down again to retest demand area on 265xx Blue Path : able to break nearest demand area then go to nearest support or next demand area. after that, it will bounce up to supply area around 298xx, then will go down again to 171xx with a couple of sideways ofcourse. overall, it's starting to show the downtrend. use confirmations if u wanna buy or sell. don't forget stop loss.
BINANCE:BTCUSDShort
by Dissy_Ardjani
24.75K and pullbackMorning folks, BTC performance once again shows that fundamental factors always dominate over news stream and hype. First is, we've got first Jacobi ETF in EU - and nothing. Investors start doubt about explosive reaction on BlackRock and Fidelity ETFs, whether people will bring their funds there. Second - while US yields jumped above 4% - BTC has collapsed. We expect further yields growth, rising CPI and possible another rates hike from the Fed this year. Technically, current drop breaks the back of the bulls. Drop under 24K area will open road to 12-15K lows again. Meantime, in short-term we expect reaching our final 24.75K daily target and moderate upside bounce then, as BTC could start forming big daily/weekly H&S pattern.
COINBASE:BTCUSDShort
by Sive-Morten
SasanSeifi 💁‍♂️XMR👉1D🔻 149$ / 145$Hey there! In the daily timeframe, we can certainly see that after a rise from the $172 range, there was a corrective trend. And now that the price has broken through the LOW $155 mark, I'm kinda thinking we might see it adjust around the $149 and $145. However, it's always good to see how the price reacts at support levels. What's your opinion? Do you agree with this analysis? Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
XShort
by SasanSeifi
XAUUSD Gold daily breakdownI have returned from my travels, apologies for the lack of ideas over the past 24 hours! Gold closed below the key support area of 1903 on Tuesday, and wednesday saw the expected reaction of price continuing down especially with FOMC minutes adding to the move. What can we expect from here? To keep it brief, on a daily timeframe I'm expecting 1965 to be tapped as a liquidity grab, if we see todays Daily candle flip from bullish to bearish there is a high probability we push down towards end of August. Key thing to note - The monthly still has no top wick! That is a lot of liquidity left to grab at the 1980 area however, to see the monthly candle push 80+ pips and then flip would take a lot of momentum so whilst it's unlikely to happen in September, it's something to bear in mind if you are bullish.
OANDA:XAUUSD
by FriesianFX
28.1 & 26.5KMorning folks, So, market once again tells that fundamentals - rules, confirming our mid term bearish view and slowly but stubbornly going to our 28.1K target. Potential bullish scenario of rounding bottom (or cup), has failed, that we've mentioned last time. Now, we're watching for 28.10K downside AB-CD target, with potential continuation within few weeks to 26-26.5K area. The major reasons - take a look at the US yields. We expect that it will be higher, with next 10-year yields target around 5% within few months: Inflation will turn up again in the US as soon as mid September starting new upside spiral. We expect to see 2-digit inflation in the US by the end of 2024 early 2025. (If everything will not break earlier).
COINBASE:BTCUSDShort
by Sive-Morten
Interesting point to considerGreetings everybody, BTC picture remains tricky. Fundamentally, we do not see any reasons for BTC rally and keep untouched OP target that we are discussing in lat two weeks. Still, since market is forming symmetrical round bottom on 1H chart, it seems it stands now in perfect position for long entry where risk/reward ratio is maximal. It doesn't guarantee success, but, gives chance to get minimal possible loss. Because if it goes up - it should go right from here. Otherwise it collapses. So, if you have reasons to buy - you could consider current area For confirmation of bullish changes market has to move above 30.4K level and form bullish reversal swing.
COINBASE:BTCUSD
by Sive-Morten