Move
Rare crossing : huge move?I've never seen such a pattern in the S4W Horizon indicator. It's really a very tight
crossing that is happening. I think it's an ignition point to something big to occur.
So based on my analysis, I won't be surprised to see an important bullish move.
But I think also there is a correction, unfortunately to occur at 3850 USD.
Right now the S4W Horizon indicator is still bullish, let's see if that micro-crossing
is talking for a big up move or for something else.
Right now, as I said, I don't have a clue, since it's new. but I think it's an important
moment that occurs since that crossing is showing up.
I can't tell more. Let's watch.
Don't take my words for granted, analyze, analyze, then trade at your own risks
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BTC daily chart and possible move shortToday there was a big sell off which seems to be heading to a breaking point of 3400 either up or down, the next support level is around 3215 which would indicate a new channel in which it will move and would probably happen then is a slow recovery towards the 3400 resistance. It the 3400 level is successfully defended it might go up testing what believe is the 3700 resistance at the moment any move further that will create a new level and possibly a very good recovery. We will see what happens next.
GOLD: And Here Is Another Update & Why We Secured ProfitHey guys here is another trade update.
We are looking at XAUUSD from previous idea, but on a lower time frame and right before FOMC statement. So be careful out there anyway. In the comment section on the last Gold idea i said that we closed our profit with +180 pips, but there is much more potential on the long side - BUT not now. I think Gold might retouch last lows on the daily and here is the short term outlook on the 1h chart. You can see a bearish cycle between larger structure consolidation. Our entry was pretty much at the bottom of this. To risky to let it run there again. So lets be patient and wait for another move down and then enter our long again.