Scenario GOLD Maybe a short situation on gold, my analysis starts with a double top that formed around the price of 2770, according to this scenario, this double top could be considered the head of the head-shoulder formation, and as I have drawn, I am waiting for the price to fall to the level of 2560
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GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Will BTCUSD’s Breakout Lead to a $90K Target?CRYPTO:BTCUSD
Multi-Timeframe Analysis
Current Price: 71,149.92
Bullish Indicators
• Cup and Handle Pattern
• Descending Broadening Wedge
Key Levels
• Strong Pivot Level: 62,500
• Ultimate Resistance: 75,000.00
• Primary Price Target: 90,000.00
Cup and Handle Pattern (Weekly Chart)
On the weekly chart, BTCUSD has formed a Cup and Handle pattern—a classic bullish continuation pattern suggesting renewed buying interest after a period of consolidation. The rounded bottom of the cup indicates strong accumulation, while the handle represents a temporary consolidation before the next upward move. Based on the measured depth of the cup, we find a potential long-term price projection around 120,000.00, aligning with broader bullish expectations in the current trend.
Descending Broadening Wedge (Daily Chart)
Zooming in on the daily chart, the handle section has formed a Descending Broadening Wedge. This pattern is another bullish indicator, often signaling potential for a breakout to the upside as it nears completion. Importantly, the price has recently broken the upper trendline of the wedge, reinforcing the likelihood of an upward movement. Based on our measurement of this wedge, we set a mid-term price target of 90,000.00, supporting the broader bullish outlook indicated by the Cup and Handle.
Monitor Key Support and Resistance Levels:
The strong pivot at 62,500 serves as a critical support level. Sustained movement above this level reinforces the bullish case.
Resistance Checkpoints:
Price momentum toward the ultimate resistance at 75,000.00 will be crucial to confirm the continuation of the bullish trend toward the primary target of 90,000.00.
Happy Trading!
For timely updates and additional insights, follow us to stay informed on BTCUSD’s next moves.
Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
AUDCAD in support area. Are we ready for reverse?Hi traders, AUDCAD is in support from its temporal bearish movement.
Although the primary trend is bearish, we might see reverse movement from AUDCAD.
In small timeframe, we already see AO indicator in positive area and we might see reverse in short term.
Good luck!
GALAUSDT.P / LONG / M15GALAUSDT may rise from the Support
Support Level: 0.02071 and 0.02054
The price may increase from the specified support level. After a retest, the previous resistance has shifted to act as a support zone. Let's monitor how the price reacts here. I used the support and resistance strategy to analyze this chart.
GALAUSDT.P / LONG / M15
LEVERAGE :- 75X
Entry Price :- 0.02091
Take Profit :- 0.02136
Stop Loss :- 0.02046
GBP/USD Brief UpdateGBP/USD is currently recovering from the lows due to the weakening USD amid market expectations that the Fed will pause its rate hike. However, the pair is still moving cautiously around 1.3000 in the European session on Wednesday, as traders await key releases: the UK Autumn Budget, the US ADP jobs data, and the Q3 Preliminary GDP report due later in the day.
On the technical chart, the support level of 1.2970, defined by the 34-day EMA, remains as a stable pivot. At the same time, the recent bearish wedge breakout is reinforcing the uptrend, suggesting that buyers are in control in the medium and long term. Victor expects that, in the short term, GBP/USD will continue to move upwards with the next targets on H1 at 1.3050 and 1.3100.
Get ready for the wave and good luck trading!
BTC Cycles & TA: 10/29/24 - The Last Bear StandingI might be the last BEAR STANDING.... and in this video you will see why. We have signals that we are breaking higher... BUT the charts HAVE NOT CONFIRMED a NEW ALL TIME HIGH despite what social media "gurus" are saying... I explain and SHOW how the price has NOT broken to new ATH yet... and we might be getting ready for MAX PAIN moment just around the corner.
30/10/2024 - AUDJPY LongAUD/JPY - Long Trade Plan
Trade Details:
Entry: 100.438 (Order Block)
Stop Loss: 100.240
Take Profit: 100.630
Risk-Reward Ratio: 1:1
Reason for Trade:
Entry is based on an Order Block (OB) identified on the chart, suggesting a potential bounce from this support zone.
The plan is detailed in the accompanying chart, including key levels for entry, stop loss, and target.
Disclaimer: This is for educational purposes only and not financial advice. Please conduct your own analysis before trading.
Inverse Chart of CSPR | Huge "Dump Inbound" | Mid Term (2D)Inverse Chart of OKX:CSPRUSDT | Huge "Dump Inbound" | Mid Term (2D)
Understatement to make but, a lot has happened since my last post. Myself like I would imagine many others 'investing' not 'trading' this project, were probably quite disappointed by the recent turn of events. Personally speaking, upon dropping of the news and within that 14 hour delegation period before others could dump, I did (in anticipation of a retail panic dump) cut the size of my position by about half just to reduce my overall exposure to the market since this was my largest position in my portfolio for 'speculative altcoin gem funds'. That said, with the majority of those funds available, I put in very large staggered trigger limit buy orders clustered around pivot point prices below where I sold. Of which I've re-accumulated about 50% of what I shaved off effectively DCA'ing and lowering my overall cost basis. At this point in time I still have more staggered trigger limit buy orders in at price points below in case BTC and the market want to pull a fast one and suddenly panic correct down at this point. Additionally, with those same staged funds I decided to spread the love to some of my other speculative altcoin low/microcap picks, predominantly $KUCOIN:VRAUSDT. Intended purpose of this portion of my portfolio is to have an altcoin gem high ROI to hold through at least March 2025 before taking profits, as these have the highest profit potential.
1 DAY TIMEFRAME
12 HR TIMEFRAME
4 HR TIMEFRAME
Gold reach the peak @ 2792First H4 will be Down to Simple Moving Average 50. But if shift to bullish by passing H1 Simple Moving Average 200 it will reach the 2792 to 2795 before US election knock it Down. That’s it everyone. Because there’s competition going on. The reward will be I l… something something 3000.
Gold failed to break through effectively, continue to shortTechnical analysis of gold: Gold is currently maintaining a high range of fluctuations in the daily trend. In the morning, gold opened with a gap and fell to the lowest level of 2724, then filled the gap and rose to the resistance level of 2745. It is still hovering around the 2738 level and fluctuating sideways. It is still under pressure. In addition, the four-hour chart of gold has gone out of the oscillating upward trend at the top, and the sideways fluctuations are increasing, and the fluctuation range is narrowing. This is the performance of the fierce game between long and short in this range. Now the situation in the Middle East has eased, and the risk aversion has begun to subside. Today, it fell down under pressure near 2745, and basically remained in the range of 2745-2725 for back and forth fluctuations. The upper short pressure is relatively obvious. The 2750 mark has not been crossed many times, showing a peak signal in the short term.
The 4-hour moving average is in the Bollinger Band range and is trading sideways. As the saying goes, it is cold at high places. Since the bull market has not reached a new high, we can arrange short positions to watch the callback stage. The 1-hour moving average of gold has a high-level multiple top structure. The 1-hour moving average of gold has not turned upward to form a golden cross. The gold bulls are still limited, and the 1-hour moving average still shows signs of turning downward. Gold rebounded below 2745 in the US market and continued to be shorted at highs. The current price of gold at 2744 can be shorted first
Gold has made a profit of 75k US dollars this weekFrom the market perspective, whether it is weekly or daily, a new historical high is a high probability event; but in the medium term, the weekly and monthly lines have ushered in a turning point event, and the beginning of the month is full of economic data and news, especially the US election, the Federal Reserve interest rate decision and US non-farm data. Under the influence of many news, in the next 1-2 weeks, both bulls and bears will not have smooth sailing. At present, gold has risen and continues to remain strong during the day, and new highs are on the way.
In summary, the current short-term bullish gold, short-term correction after the rise; the first new high 2772 area pressure, 2785 area. Next, pay attention to the future market operation, first rely on the intraday low 2740 area to bullish gold, and then yesterday's low area, the key position is raised to 2725-30 area, as long as here is not broken, it is bullish, waiting for the arrival of a new historical high
It is recommended to go long when the gold price retreats to around 2758-2755, protect 2752, and target around 2778 high
Google update Google.update I was also aware.of the pick before touching 160 n 154 again the analysis itself was showing support aswell n ready to go,what is good about my analysis? it shows clear trend n right time to enter n simple to follow aswell am looking forward to hit 180 as a first tp n wish everyone who took advantage of it more blessings to you n your family.
Palladium / Reversal Time - New Bullish Trend started I think the long-term bearish trend is over and we saw the bottom at $836. After a solid 8 month consolidation, the uptrend has started. In the first stage I have indicated the three most likely targets, and for me the main one is the last one around 1240-1250.
Please, comment and share your opinion!
UAE Real Estate Partnership & 2X Potential!MANTRA NASDAQ:OM is Ready to Dominate RWA Sector
Experts suggest that the #RWA or asset tokenization sector could hit $16 trillion by 2030, and NASDAQ:OM is gearing up to lead the charge.
🟧 Fundamental Analysis:
1. #MANTRA Mainnet is now live.
2. 1,000,000 NASDAQ:OM already bridged.
3. Huge supply is staked by community.
4. 50% of circulating tokens with no VC unlocks or sell pressure.
5. UAE real estate giant MAG teams up with NASDAQ:OM to tokenize $500M in assets.
🟧 Technical Analysis:
NASDAQ:OM is currently testing support near $1.27 after a pullback within the ascending channel.
Potential easy upside 2X target around $3