Get started

Daily Charts

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
Gold D Sell Idea 7/29/23Gold D has formed a M. Friday was the retest of the neckline for that M. There has also been a bearish break and retest of a W trendline on the daily. The 4H has hit 50% of the FVG (fair value gap) that was created and started to drop. The W trendline has not been closed above on the 4H time frame. The 1H has created an evening star at the 4H FVG, also having a bearish break and retest on the W trendline. Looking for price to continue bearish possible to the D Zone created 7/6/23 around 1911.00. At the least price should fall to Fridays low around 1945.53, a good 137+ pips from where price closed on Friday.
FOREXCOM:XAUUSDShort
by cecedidit
USD/CAD Bearish setup is coming!On this pair, we have a bullish setup on the daily chart with a double impulse trendline. Currently, the price seems to be closing below a very important resistance level at 1.3380. If the market closes below this level, we could expect a downtrend towards the 1.3240 level, where we have a valid trendline with a higher timeframe FVG (Fractal Volume Gap) confirmation in the H1 chart. This would validate the bullish trendline. Additionally, if the M15 chart confirms the setup, I will aim for a long trade with an entry at the FVG zone and a target at the previous high around 1.3650. Let me know what you think. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
Short
by EdgeTradingJourney