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Bitcoin Sideways Action - Long scenarioBitcoin is consolidating. This means that we are preparing for something. I expect a scenario with the opportunity to enter long positions. Right now, it looks like we will not break the recent lows and continue to form small higher lows. This to me is an indication that we could see a strong move until the consolidation is complete. That could start this Thursday with jobless claims and Fed Chair Powell's speech or next week when all the data is released and the market will react to things like JOLTS Job Openings and Non-Farm Employment Change. We can also make a bearish move. I would expect a move to the FWB:65K region to take out the last high from August and then move down to reverse.
by reports20netrust
2
EURNZD to find sellers at market price?EURNZD - 24h expiry Short term bias has turned negative. 50 4hour EMA is at 1.7919. We look for a temporary move higher. Daily signals are mildly bearish. Rallies should be capped by yesterday's high. We look to Sell at 1.7915 (stop at 1.7960) Our profit targets will be 1.7795 and 1.7775 Resistance: 1.7900 / 1.7941 / 1.7970 Support: 1.7850 / 1.7823 / 1.7800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
BITCOIN BULL & BEAR SCENARIO FOR THE REST OF THE WEEKIn this scenario, we retest $58k and move lower to reach the low at $54.6k. These price moves should be watched closely as they can become volatile with falling stock prices and economic data. Today the JOLTS job openings will be released which could cause volatility. If the economic data turns out to be bad for the dollar in the next few days, the upside scenario could continue and we would re-enter the area where we are trading sideways.
by reports20netrust
4hr BITCOIN mean reversion rejection - Leave the rest for laterIn #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at $56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be $56k and if things look really ugly, we should also consider $51k as a possible target.
Short
by reports20netrust
2
Bear and bull scenario for today (MONDAY)We recovered the wick from Sunday with the move lower just before the close of the weekly candle. I could see some mean reversion here on the table and a possible break or rejection near the daily open (offset) at $58.4k. Like always $58k region is key. A possible rejection can happen at the psychological low at $58.2k. Right now we are still in the range of $58k - $61k. London Session starts in 8 min and will start the day. Let's go. Trade safe!
Short
by reports20netrust
ETH/USDT 4-HIOUR CHART UPDATE !! ETH/USDT is currently trading at $2,448, down by 0.07%. On the 4-hour chart, ETH shows signs of weakness after breaking down from a rising wedge pattern, a bearish signal suggesting a potential downside. Immediate support is around $2,395, with a more significant support level near $2,165, where a long-term trendline may provide a strong base. Resistance is seen at $2,580, and a break above this could shift the trend back to bullish. However, failure to hold above support levels might push ETH towards lower zones, potentially targeting the $2,100 area. Watch for volume confirmation on any breakout attempts. Note: This is not financial advice. Stay tuned for further updates and analysis. Thank you!
by CryptoSanders9563
Possible forecast for BTC (Long-Term Movement)Just simply using fractals of BTC's own movements to map out what looks like a good chance of happening over the next 6 years. Crash in 2030 allowing for a new cycle of investors to jump in? Teasing between 87K and 13K allowing for high volatility and short/long sweeps. Provides room and time for the web3 and alt-coin market to gain momentum, usage, and volume. We will see! *NOT INVESTMENT ADVICE | FOR ENTERTAINMENT PURPOSES ONLY The market is impossible to predict. Anything can happen in the next 5 - 6 years. This is the most level-headed and realistic forecast IMO. What do y'all think? :) Comment your thoughts!
COINBASE:BTCUSD
by wavehellofriend
1
¿A title? Bitcoin $68,000 then $43,000 AND THEN $85,500!!!!Today, August 23rd, Powell sent a crucial message regarding what’s coming in September: The Fed is going to cut interest rates. In his words, “ The time has come for policy to adjust .” This suggests that Bitcoin could potentially reach its next historic high. BUT NOT YET! According to technical analysis, I see that the market has taken liquidity at five key points that form a channel. If Bitcoin reaches $68,000, it is likely to drop to at least $43,000, which aligns with the 0.618 Fibonacci level in a major wave. Following this path, we could see Bitcoin reach the next historic high, around $85,500. With a potential for a 100% profit and a 17% loss at these levels, I believe this presents a good opportunity. WHEN? We’ll see... PD: It could be decided with the elections!!!
INDEX:BTCUSDLong
by Felipe_Avendano
¿A title? Bitcoin $68,000 then $43,000 AND THEN $85,500!!!!Today, August 23rd, Powell sent a crucial message regarding what’s coming in September: The Fed is going to cut interest rates. In his words, “ The time has come for policy to adjust .” This suggests that Bitcoin could potentially reach its next historic high. BUT NOT YET! According to technical analysis, I see that the market has taken liquidity at five key points that form a channel. If Bitcoin reaches $68,000, it is likely to drop to at least $43,000, which aligns with the 0.618 Fibonacci level in a major wave. Following this path, we could see Bitcoin reach the next historic high, around $85,500. With a potential for a 100% profit and a 17% loss at these levels, I believe this presents a good opportunity. WHEN? We’ll see... PD: It could be decided with the elections!!!
INDEX:BTCUSDLong
by Felipe_Avendano
EURUSD BuyEurusd is consolidating over its 1 Hourly Resistance level and the volume is telling me that it will break above the resistance and will move to its daily Resistance level which is a clear buy but if it goes either way it will rally down to its Previous support but seems like it would rally up and break above the 1 Hourly Resistance level rally upwards to its daily global or physiological resistance level i would put my buys after breakabove retest and proper price action (bullish engulfing)
Long
by Wakeel_Saab