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MarketBreakdown | EURUSD, BITCOIN, SILVER, EURNZD Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The market is trading within a wide horizontal range on a daily. The price nicely respected its support and the yesterday's FED decision to keep the interest rates will most likely push the prices higher to the upper boundary of the range. 2️⃣ #Bitcoin daily time frame ₿ BTC set a new higher high higher close on a daily, violating a local daily horizontal resistance. Taking into consideration that the market is trading in a bullish trend, such a violation may trigger a further bullish continuation. 3️⃣ #EURNZD daily time frame 🇪🇺🇳🇿 After a strong bullish wave, EURNZD was consolidating for some time within a narrow horizontal range on a daily. The support of the range looks broken. It will most likely push the prices lower. 4️⃣ Silver (#XAGUSD) daily time frame 🪙 One more range. We see a positive bullish reaction to its horizontal support. We can anticipate a bullish continuation to the resistance of the range now. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
TOTAL2 is About to Explode!The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥 Unpacking the Market Cap Contraction Market cap contraction is a fascinating occurrence, one that hints at the complex dynamics of the cryptocurrency market. When we talk about the total market capitalization excluding Bitcoin, we're essentially looking at the collective value of all cryptocurrencies other than the big BTC. The Compression Effect: A Precursor to a Pump Why does contraction matter? It's because, in crypto, this phenomenon frequently acts as a precursor to a "pump," a substantial increase in prices. When the total market capitalization of altcoins starts to shrink within a defined range, it often indicates that the market is preparing for a major move. Anticipating the Upward Surge For crypto traders and enthusiasts, keeping an eye on this contraction is vital. It suggests that exciting price surges could be on the horizon for the world of altcoins. Such periods of compression often lead to increased trading activity, resulting in significant price movements. Trading Strategy: Positioning for the Pump As this exciting market cap contraction unfolds, cryptocurrency traders should consider crafting trading strategies to harness the potential pump. The market dynamics may offer numerous opportunities to capitalize on these upcoming price surges. Conclusion: Crypto's Dynamic Landscape Understanding the nuances of the crypto market is crucial, and the market cap contraction phenomenon is one of its fascinating aspects. As we navigate this period of compression, let's remain vigilant, prepared, and ready to embrace the opportunities that a potential pump can bring. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Share your thoughts and insights 💚🌐💚
CRYPTOCAP:TOTAL2Long
by Yaroslav_Krasko
GBPJPY: Imbalance & False Breakout 🇬🇧🇯🇵 Feels like we have a good example of stop hunt and imbalance on GBPJPY. The market is consolidating within a horizontal range on a daily. We saw a breakout attempt of its support in the morning and the market was even trading beyond that for some time. However, then we see a formation of a bullish engulfing candle - the imbalance. It makes me think that this bearish move was simply a manipulation. I expect a growth now to 182.3 level. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
9
DOLLAR INDEX (DXY): Consolidation & Bearish Bias Explained 💵 Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 / 106.17 ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
4
NZDUSD: Waiting For Confirmation 🇳🇿🇺🇸 I have perfectly predicted an intraday bearish movement after a breakout yesterday. Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range. The next bearish wave will be confirmed after a breakout of the support of the range. 4H candle close below 0.5808 will confirm a violation. A bearish continuation will be expected to 0.8775 level then. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
#MTN Risks aplenty but reversing off bottom of its channel #JSEThe chart doesn't need much explaining. The stock is trying to reverse off the bottom of the 1-year channel while forming some divergence on the RSI. A move above todays high should hopefully see this gain some momentum, with a short term move to R119 possible. Larger target would be for this to trade back to the top of its channel over the last year at R144. Note: Risks plenty here with all the happenings in the middle east so it is a higher risk trade and i would advise to use a tightish stop loss on this trade.
JSE:MTNLong
by MarcoOlevano
UP IN THE AIR ............. OR DOWN TO THE HELLThe furnace of masculine and powerful targets has heated up again It is not a joke or an irrational illusion As far as I can remember, gold was moving in this range from 1885 to 1700... But it is not going to remain in this condition forever. In short, one day this suffering will be broken and what better time than during the war. And what war is better than the war in the infamous region of the Middle East??? But my method is to assume that the surface does not break... unless it is proven otherwise
FXOPEN:XAUUSDLong
by PersianDisInvest
BluetonaFX - GBPCHF Rectangle Pattern LONG IdeaHi Traders! There is a rectangle pattern on the GBPCHF chart, and there is potential for long entry opportunities due to the upside due to the hold of the very strong support level at the 1.10576 area. Price Action 📊 The market has been in a range for the past three months, with near-perfect bounces at the support area of the rangle and pullbacks at the resistance area of the range. We are looking for opportunities for long entries near 1.10576, so the aim here is to buy market dips. Fundamental Analysis 📰 The pressure on the pound has eased in the past couple of days. Most GBP pairs have come off lows from traders exiting their shorts due to potential USD weakness as a result of the war situation in Israel.   Support 📉 1.10576: RANGE LOW Resistance 📈 1.12476: RANGE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
AUDCAD RECTANGLE CHANNEL Hello, Traders Today, we are focusing our attention on the AUD/CAD pair, which is presenting a fantastic trading opportunity. Upon analyzing its daily chart, we can observe that it has formed a rectangle pattern. The price has been oscillating within this pattern, bouncing back and forth between the boundary lines. Here are the critical levels to watch: - Upper Trend Line Breakout: 0.91156 - Lower Trend Line Breakout: 0.87403 Currently, the price is trading below the lower trend line breakout level of 0.87403. As we strategize our next moves, here are the proposed stops and targets: - Stop: Set at the mid-channel level of 0.89298 - Targets: - 50% Target: 0.85534 - 100% Target: 0.83658 We hope you find this insight beneficial. If so, please support this idea and follow us to ensure you don't miss out on more valuable content in the future. TCPLTP
Short
by TradeChartPatternsLikeThePros
2