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BUY BTC MOMENTUM CYCLEBUY BTC MOMENTUM CYCLE: I am delighted to share with you today my in-depth analysis of Bitcoin cycles. This analysis is the result of many hours of research, study, and deciphering various financial and economic indicators. However, it is important to underscore that this analysis is based on information available up to today's date and may not reflect future price movements. Therefore, it's essential that you conduct your own research before making an investment decision. For this study, I used several indicators. Some are classic technical indicators, like moving averages, the RSI (Relative Strength Index), the MACD (Moving Average Convergence/Divergence), and the transaction volume. Others are more specific to Bitcoin and cryptocurrencies, like the NVT ratio (Network Value to Transactions), the network's hash rate, and the number of active addresses. In addition, I analyzed previous Bitcoin cycles in detail to try and understand the trends and patterns that have repeated over time. I also took into account external factors, such as technological developments, regulations, and geopolitical events, as well as the impact of interest rates and unemployment (which I estimate to be imminent) that could potentially affect Bitcoin's price.
BITSTAMP:BTCUSDLong
by AnalysisBOMB
Riding 🏇 Manufacturing Data 🎯 2%+ Risking --> [ .30% ]Last Week the Weekly Candle closed Bearish but with no wick Last week the Candle closed below Weekly S/R Level However, the candle closed in between our two Daily Level's Manufacturing Data Was Expected to be negative for the USD Red Folder News and in theory good for EUR Strength Price had been going up on EU since the new Weekly Candle opening yesterday. From Experience I was anticipating an early in the week push up away from our previously mentioned Level's. The Red folder news was a catalyst for a continuation of momentum. From here we can anticipate a continued early in the week push or Consolidation structure as NYSE Open falls back to our mentioned Weekly and Daily Level's. I can see price holding these level's for a few sessions because the Bulls have a great interest in protecting these levels. Or else EU will fall back to 1.076 rather easily Weekly Target for Bulls if we hold these levels is 1.0948 More Analysis: I observed that London Session had a nice bullish breakout. Price had pulled back for the new 4Hr candle leaving a wick to fill in momentum and additionally to create a bottom wick for the new 4hr candle. So it could blast off like a spaceship away from our previous mentioned levels. Zone to Zone. My TP was at next technical level 1.0889 1Hr Level
Long
by ShrewdCatfx
BTCUSD: Revisiting Key Support at 21500BTCUSD (Bitcoin) I expect BTCUSD to revisit the key support level at 21500 in the near future. A rebound from this level would signal a potential uptrend, with a target of 26k after breaking through the key resistance at 25200. If the support level at 21500 fails to hold, we could see a deeper correction, with a potential drop to 19k or lower. Therefore, it's important to closely monitor the price action around this support level. In summary, my trading idea is as follows: Entry: Buy at the sub-21500 level with a stop loss below 19500 Target: 26k Invalidation: A sustained break below 19500 Please note that this is just my opinion and not financial advice. Always do your own research before making any trading decisions.
INDEX:BTCUSD
by CryptoSlazy
2
Believe in the Gods! -->🔱--< But do not count on them for help Dollar Bulls Take the Win? We have dropped below our Last Daily Zone at 1.09219. I have been talking about dollar bulls Since we had FOMC data coincide with our extreme highs at 1.1095. A Coincidence? I thought this may be Suspicious! And it turned out that way. That was a good tell for the beginning of this descent. FOMC was last Wednesday and dollar bulls have blessed swing traders with 190 Pips in 1 Week. Everyone says EU is Weak in comparison to the # of pips it gives to most other pairs... It Doesn't give that much , heh 😉. It Respects level's very nicely! Very clean price actionnn. From a Technical Standpoint.. As Long as we stay below 1.09211, only sells for the rest of week. The Price I like are 1.0897 as the next Pit stop. Ultimately with Friday's daily candle I'm liking 1.0866 Weekly Level as mentioned in previous publishing's. Also I like the Daily level just beyond that at 1.08535. As long as NY and our last remaining 4Hr Candle prints below 1.09219, Sells are fantastic. I would prefer that we waste no time and close below 1.09112 4Hr zone. Trading : Trading today went quite well. Looking at my data.. my Thursdays are typically good. --<< I've seen that remark impact my trading psychology before. The brain is a wonder. Managing trading psychology is a large part of trading. Given that I am profitable, I still cut my winners a bit short sometimes. Why? Out of Fear. Complicated.. But for now we must stay consistent and discplined to the system. the trading plan. 3 Setups today.. The First one I ran because i was scared and closed for B.E. It would've been a nice +5 Pip scalp. The Second was a great. Just closed a little early. The third was a great! Closed a little early once again. I can complain because green is green. Profit is profit and we must learn and move onto the next day. On Thursday's.. 1. The Market sets itself up early in the week. By the time Thursday comes around, the weekly candle is ready to extend itself in the preceding direction from Monday/Tuesday Etc. 2. New and Struggling Traders are Tired and Exhausted from trading since Monday. They begin to make mistakes and become sloppy with their execution. Leading to larger losses than are necessary. I have been there.
Short
by ShrewdCatfx
EURO/USD price is below 20, 50, & 100 EMA Currently Euro/usd price is below 20, 50 & 100 Exponential Moving Average which indicates the chances for short in 4 hours time frame, further today news for Core PPI and Fomc may direct the market for a long term momentum in short. The US Dollar (USD) is the world’s dominant currency and the Euro (EUR) is the second most-traded. As a result, business in EUR/USD accounts for almost a quarter of trading in global foreign exchange markets according to the BIS triennial report, which covers institutional trading. EUR/USD is a highly liquid pair.
Short
by OrkEye
EURUSD | could potentially sink down furtherHey Traders! NFP came out positive for the US dollar we saw some bearish pressure, althought we are currently on a bullish channel, I believe we might re-test lower maybe the previous area of support which is around a 30-40 pip move to the downside, then we have 200 moving average that is about 50 pips away, if all this is broken then we might see a higher timeframe bearish continuation starting to happen which could take this trade much lower. Overall this is a pullback trade, so these tend to be a lot riskier, its also friday so the lack of volatility might not take this trade anywhere, maybe even a pullback back to the moving averages, and only next week we might see this trade develop further.
Short
by FX-TradingLions
My today idea of Gold's possible moves 03052023Gold prices jumped, achieving significant gains during the previous trading session, recording its highest level of HKEX:2019 per ounce. Technically, and by looking at the 4-hour chart, we find that gold prices liberated from the symmetrical resistance triangle we referred to during the previous analysis. We find that the simple moving averages continue to support the bullish daily curve of prices and are stimulated by the positive signals of the relative strength index on the short time frames short. Therefore, the possibility of resuming the rise may be present during today’s session, knowing that confirming the breach of 2020 increases and accelerates the strength of the bullish daily trend, opening the door for 2030 initial stations, whose goals may extend later towards 2045 expected stations. Activating the suggested bullish scenario depends on the stability of daily trading above the 1989 support level, and the return of trading stability below it will stop the suggested scenario and lead gold prices to return to the corrective downward path, with an initial target of 1963. Note: Today, we are awaiting high-impact economic data issued by the US economy, “change in private sector jobs, services PMI, interest rate, Federal Reserve Committee statement and Federal Reserve press conference”, and we may witness high volatility at the time of news release.
OANDA:XAUUSD
by nasirdxb