BTC Reaches 60K! Is the Pump Over, or Will We See 62K Next?GM crypto bro’s, this morning's fear and greed index is in the fear zone at 45, while Stoch RSI remains in its overbought area.
BTC saw a significant pump up to 60K, likely due to strong cutrate rumors, but that doesn't mean the potential for a correction to 55K has disappeared. However, the probability of hitting 61K - 62K is increasing.
The market is dynamic, don't FOMO, stay safe, keep calm. Always remember that in the crypto market, anything can happen. Always maintain your risk, and as always, that's the crypto update for today. I’m Akki, one chart, and have a nice day.
Foryou
BTC Back to Extreme Fear! What's Next?GM crypto bro's, this morning, the fear and greed index is back at 20 (extreme fear) while the stoch RSI remains in the oversold area. Yesterday's candle only reached 57,751; I thought it would go up to 58K, but it didn't.
Currently, BTC has the potential to correct to around the 53K area first, then pump to our initial target of 58K. But as always, the market is unpredictable.
I mentioned the potential correction to 53K before 58K, but it could pump strongly to 58K and then drop to 53K-52K. That's the excitement of the market, so always stay alert, crypto bro's.
Like always, keep in mind the market is dynamic. Don't be FOMO, stay safe, keep calm, and always remember that nothing is impossible in the crypto market. Anything can happen.
Always manage your risks, and as always, that's all for today's crypto update.
I'm Akki, signing off. Have a nice day.
gold xauusd intraday signal 16-10-23R3 LRS 1973 Supply Area
R2 MRS 1953 Supply Area
R1 HRS 1932
S1 HRB 1932
S2 MRB 1903
S3 LRB 1848 Demand Area
D1 On Support Sma200 1929
W1 On Support Sma44 / 1921
MN On Support 38.2% / 1903 MN On Resistance 23.6.0% / 1973
SELL> 1953 – 1973 BUY> 1903 - 1848
OBSERVATIONS: FOR FULL DETAILS VIEW THE VIDEO IN THE LINK
Gold xauusd Intraday Signal with Technical analysis 30-08-23This week is weak! In three days two BE and one TP. Well, even then it is good to go. Today my PO missed at 1925.78 and the price went straight down to 1914, I call it a bad luck as my PO was at 1926, well other fellows who were watching the chart took sells from 1925-23 and picked good profits. Thank GOD. Eventually price came to the target area again and a SL was hit from 1930 to 1935 then taken a sell again at 1937 lets C what Wednesday brings to it. A HRS is still there for Wednesday session at 1937-39 area. As H1 is in uptrend so waiting for a buy position at 1923-24 area between 61.8% 1922 and 50.0% 1925 will be a good point to choose. We should not take a buy position above this SNR as retracement is always due, so price may come to this area most probably. Secondly 23.6% 1932 cannot be ignored as price may take support from this area and move above, but this buy entry will HRB provided over sold conditions with saturated price action may cause a SL hit at this point. So we should play safe as much as possible. Good Luck. These two patterns looks promising to me.
NOTE:- Please listen to the whole video. I often speak more than what is written here.
Gold xauusd Intraday Signal with analysis 25-08-23It is FRIDAY remember. I want to review last two days of trading to give hands on experience of Discipline and Patience. We lost a trade two days back and patiently waited for the next day and did not involve in revenge trading. The Disciplined SOP saved our equity and kept us active in the market. The next day got the opportunity and finally hit the TP again. Back to business, today is Friday, a day of big changes. As we were observing the Golden Cross in H1 which is clear now. Secondly price have gone well above Major support 1903 the one at MN 38.2%. The time I am writing this price is on sma44 support in H1 however Stock and Rsi are indicating south so the buying area to me will be 1910 50.0% and 1913 38.2%. The possibilities of testing 1903 is there as today is Friday provided the hawkish speech can do the damage. Well let C what this session brings for us. A sell chance is there again at 1920-21 area as price is already at support and can lead to test 1918-23 Major SNR.
Gold XAUUSD Intraday Signal 23-08-23Wow! It is crazy now. Look at the positions. Sma200 at 1902 between 23.6% 1900 and 0.0% 1904 and sma44 1894 combined with 50% level and the price is on support 38.2% 1897. We are in real squeezed area so need to have a look at few larger time frames. In H4 sma44 is at 1897 and in D1 sma200 is at 1908. So here is the picture, if price breaks upwards sma44 in H4 at 1897 and it becomes support then we might visit 1908. On the other hand if the price breaks downwards then next further 1894 is to be broken where sma44 and 50.0% level is on support, then we may test 1885-87 area again. As the trend is also bending towards bullish side there is a good chance of a buy between 1895-97, I go with 1895 to pick a buy. For sell side at least 1905-08 area is MRS to be considered. Very critical position I see in Gold for today. Use stop loss mandatory and do not change it. Take care and good luck.
Wyckoff is SimpleThe wyckoff method is a very simple method. The purpose of this post is to show you price manipulation by the Composite Operator or CO.
Price NEVER moves the same way. In fact, you will almost never see the same wyckoff pattern in all of your trading years. HOWEVER, the terminology is the same because the reasoning behind these moves are scientific and are inevitably going to happen. For example, shorts have to cover eventually. Thus, the terminology for the automatic rally after a long downtrend is Sufficient evidence of short covering.
So, In almost every range there will be a stage. A stopping stage, trading stage, heavy absorption or distribution, trend phases, and an exit of the range. By far, this method of trading is the BEST way to avoid excessive risk, and if you are lucky, you can easily campaign a stock into 200-300% gains--EVEN IN PHASE B?!?!( big risk )
AUDUSD ANALYSIS DONEWe are bullish on this but the question is??? Will the head and shoulders setup bring price down again to form a deeper correction i.e reversal pattern to get the next IMPLUSE ✌️👉🏾📈
Just note overall structure BULLISH WHILE MINOR STRUCTURE BEARISH for now,because of head the shoulders pattern forming
Follow for more
GOOD LUCK TRADERS
GBPAUD TIPS Sorry y'all I haven't been active so sorry.....price triggered our 90% rule on a flag pattern so now we are either waiting for a continuation or a reversal of the price we are currently bearish but it might take a while to for the price to move IMPLUSIVELY because am seeing an inverse head and shoulders setup forming on 1h so let's be careful with entries on this pair
GOOD LUCK TRADERS
USDCHF FEB 21 2021AFTER IDENTIFYING PHASES OF WYCKOFF THROUGH ACCUMULATION EVENTS PAITENCE WILL BE TAKEN INTO ACCOUNT FOR UNDERSTANDING PRICE ACTIONS DFESIRES, LIKELY ANTICIPATION SOF A SOW IN PHASE B OPENS UP OUR EYES TOWARDS BUYING OPPORTUNITES ON AN UPTHRUST AND CREATING NEW LOWER HIGHS WITHIN INSTITUTIONAL CANDLE RANGE
EURBGP FEB21 2021AFTER FOLLOWING WYCKOFF EVENTS OF DISTRIBUTION SCHEMATIC, PRICE ACTION IS DISPLAYING LAST POINT OF SUPPLY
THIS INTIATES ANTICIPATION OF AN AREA OF INTERST TO WHERE PRICE WILL POSSIBLY REJECT AND FOLLOW WITH A PULLBACK TO THE UPSIDE
WHILE NOT LONG AFTER PROCEEDING THROUGH A RETRACEMENT ZONE, AND CONTINUING IN BEARISH MOMENTUM