Market
🥇 GOLD A wedge is formed. Resistance breakthrough Gold closes inside the wedge format range. In an uptrend, whales could potentially be set to break wedge resistance
TA on a high timeframe:
1) Trend bullish. Lower right chart: gold is consolidating above the February 1960 high - price is in the green zone
2) Left lower chart: trend demonstration
TA on the low timeframe:
1) A wedge is forming. The price makes a false breakout of the wedge and heads towards support.
2) Breakout of the interest zone 1965-1962 can send the price down to 1957.
3) The medium-term potential is on the side of the buyers
4) I think the price will rebound from the uptrend support line and go towards the resistance figure
5) In the medium term there is a high probability of a breakthrough of the wedge resistance and growth of the price to 1980 and 2000
BTC - Different Perspectives 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📌 on Daily: Left Chart
BTC is currently bullish trading inside the red rising broadening wedge pattern.
Here is why the 30,000 is a strong rejection:
1- Round number => 30,000
2- Classic Support Zone Turned Resistance from Weekly timeframe
3- Supply zone marked on the chart
4- Intersecting with the upper red trendline acting as a non-horizontal resistance
📉 Hence, as BTC approaches the 30k - 32k zone, we will be expecting the bears to take over for a medium-term correction.
📌 on H4: Right Chart
For now, we will remain bullish as long as BTC doesn't break a previous major low.
The current last major low is highlighted in gray around 26,700
📉 If we break below 26,700 expect a bearish correction to start till around 25,000 support / demand.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Will Bitcoin Touch The Sky ? (Read The Description)Hey Traders , Bitcoin has been leading the charge, with dominance over the rest of crypto increasing over the past week. Bitcoin climbed to hover around $27,000 Friday morning as cryptocurrencies in general continued to rally. Traditional markets were trading lower. Bitcoin on his bullish mode while bank crisis keeps falling , so he just breaks a new resistance then he's too close for the next resistance , so bulls are running don't miss the shot ;)
S&P Market crash (spy)Will keep it short and sweet, Ive posted in the previous a parabolic curve break of SPY. Notice a harmonic patter forming after a failed retracement (Point C) of the .236. Until that breaks (can ultimately run to $460 and still perform this bearish outcome) Point D can bring SPY to $240. Also meeting the .886 Retracement.. to the dot.
Stock- MON: HSI Trend Status w/ 21 yrs backtesting, week11
2023, week 11
HSI: at 19,161
According to the latest market update, the Hang Seng Index ( HSI ) is still not in a upward trend, with a current long close at 19,161 points.
Use backtesting to evaluate and make objective trading decisions. - PresentTrading
#HSI
Quick Bitcoin Scan in the Morning Good morning everyone
Grab yourself a cup of coffee and enjoy this quick scan on Bitcoin!
Bitcoin has been consolidating overnight, shedding a lot of volatility, and opening up a window of opportunity for a Long and Short scenario on the coin.
Make sure to check the video out so that you don't miss a potential entry on Bitcoin!
Also, please leave a comment and share if you like videos like that.
Many thanks and have a fantastic one legends
All the best
CH
ES Pre Market March 15th 2023Starting with the 4 Hour Trend Structure, we are in a down trend, with price currently in a 100 point range. Price is currently down 1.8% prior to NY open and prior to major red news here in less than 5 minutes as I am writing this. I am expecting a flush to the lows followed by a buying opportunity, Possibly, it depends on price action at the time.
THE CRASH IS HEREThe S&P 500 has attempted a bullish break out in January 2023. The price stalled and started ranging right above previous resistance trend line. Today we see major sell pressure. If we close under temporary support line on my daily chart then we will see the stock market form it's next leg in a downtrend. This will be the longest leg downward. When price fails to breakout it tends to pull back harder and faster than it rallied. Kind of like a rubber band. You can stretch the rubber band upward but as soon as you let go of the rubber band. The opposite force of the rubber band will snap back faster and harder. On the chart, you'll see some green trend lines to where I project price of SPY will land. You can say it's a possible pivot point but honestly I really see the chart hitting 200's before we continue the next future bull cycle. See you guys in summer 2024 when the bulls return! Happy Trading.
Is This The Next Gold Movement After The Silicon Valley CollapseFinancial contagion appeared to spread through parts of the banking sector , It is by far the largest bank to fail since the near collapse of the financial system in 2008, shortly after Washington Mutual collapsed during the crisis. So for me that will impact on raw material , so that will push the gold metal down and push dollar upper and upper .
BTC - Inverse Head & Shoulders 🍰 Analysis #10/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .
📉 As mentioned, for the right shoulder to start , we need a break below the last major low from H4 (in gray)
Now since, we had that break, the next step would be rejecting the 18,000 previous major high and demand zone.
But of course, we will not buy blindly there. Especially that this bearish movement now is driven by fundamental news.
📌As per my trading style:
As BTC approaches the 18,000 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Don't Fall for VIX Volatility Dead Cat Bounce“Happiness was never important.
The problem is that we don't know what we really want. What makes us happy is not to get what we want.
But to dream about it. Happiness is for opportunists.
So I think that the only life of deep satisfaction is a life of eternal struggle, especially struggle with oneself.
If you want to remain happy, just remain stupid.
Authentic masters are never happy; happiness is a category of slaves.”
SasanSeifi 💁♂️BRK.B / 1D ⏭ $321 /$330 ❗HI TRADERS ✌The possible scenario of BRK.B is specified. I think that if the dynamic resistance is broken and the price stabilizes, it will grow up to the target range of $321 and $330.
It is important to maintain the $306 and $300 support range.
let's see...
❎ (DYOR)...⚠⚜
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