EURGBP Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURGBP below:
The price is coiling around a solid key level - 0.8378
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8330
Safe Stop Loss - 0. 8403
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Short
USDCAD What Next? SELL!
My dear friends,
My technical analysis for USDCAD is below:
The market is trading on 1.4397 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4364
Recommended Stop Loss - 1.4413
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURNZD My Opinion! SELL!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.8441
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8399
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
$BTC consolidation continues as we approach HUGE UP/DOWN EventI know we cant predict it but we can speculate. I use many many strategies and analytic built into trdingview and many other trading sites tools for trading cryptocurrency and FX stocks etc.. To the point. Using this ML by LuxAlgo sows a bad pic for BTC on 1D and 1W BUT the 1H is showing up trend to 130k~ the opposite for the 1D down to possibly 55k then the 1W is more SHARP down to $35k :L REMEMBER this is a Machine learning bot not the best thing to guess with. BUT it does work for what its made to do and I have made many positive gains with this tool alone or with MACD or RSI or sometimes other ML scrips or analytics.
So please put this over your BTC chart and see what LUX ALGOs ML chart as shown in idea on Left middle side. Check ho various it is not just on BTC but also try ETH and other smaller markets or memes like PEPE or even BONK etc or oter chain types POL(was MATIC) or DOT or ATOM etc. See and check the change between short 1Min - 1Hour vs 1Day - 1Month.
Note THIS indication isn't Correct! No IDEA is not 100%. Remember that. Remember "What WILL BE WILL BE" or "WHAT HAPPENS WILL HAPPEN" as my nan always said if we anxious of future events! It set me free literally as you realize its always going to Be what it Will BE! It cannot be changed! You think it can. and you CAN if you realize this. Then you can act with knowledge that you much make change in the NOW present to make that change you wanted in the Future.
If you manifest it it can happen. and that makes it What will be will be ore true. if you didn't do it it would still BE what it will be at that time. It cant change via thought. It can chnge by action before the "future".
ANyway share BTC knowlede share ideas sty strong! This isnt going to happen anyway...
USDCHF Is Very Bearish! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.913.
Considering the today's price action, probabilities will be high to see a movement to 0.909.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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BITCOIN BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
BITCOIN pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 91,049 area.
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GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on GBP/USD right now from the resistance line above with the target of 1.243 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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Bitcoin is at a critical point - Consider this very seriously!!Hey family! Welcome to the wild world of cryptocurrencies, where the market can swing from one extreme to another in the blink of an eye. Crypto trading is known for its high volatility, which means prices can go up or down dramatically in short periods. Right now, many traders are buzzing with excitement, expecting Bitcoin to go on a bullish run. However, in such a dynamic market, it's always wise to consider the other side of the coin. Given the current sentiment, there's a good chance we might see some bearish moves too. So, while we're all hoping for the best, let's keep our eyes open for potential dips and prepare accordingly. Let's dive into today's analysis with that in mind!
Overview
This report provides a detailed technical analysis of Bitcoin (BTC) against Tether (USDT), focusing on the Ichimoku Cloud and chart pattern formation in combination.
Head and Shoulders Pattern
Pattern Description: The chart shows a Head and Shoulders pattern, which is a bearish reversal pattern following an uptrend. It consists of three peaks: the left shoulder, the head, and the right shoulder.
Identification on Chart:
Left Shoulder : Formed around mid-November.
Head : Formed in Mid December, peaking at approximately $108,000+.
Right Shoulder: Currently forming as of Jan 10, 2025, with a peak slightly lower than the head formed on Jan 7th.
Neckline : The neckline is drawn at the price level where the dips occur between these peaks and it is a wise choice to take the price zone as a whole in to consideration instead of just a specific price level. By this the neckline zone can be taken as between $89,800 & $92,400. A breakout below this level suggests a strong trend reversal.
Ichimoku Cloud Analysis
The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insights into support/resistance, momentum, and trend direction .
Here's the breakdown:
Kumo (Cloud): The cloud is formed by two lines, Senkou Span A and Senkou Span B, projected 26 periods into the future.
Current Cloud: The price has recently broken below from the upper cloud support, which was acting as support, and heading to the bottom of the cloud. This breakout below the cloud is a bearish signal indicating potential further downside.
Future Cloud : The future cloud (shaded area ahead) is sloping upwards, which traditionally would suggest bullish momentum, but given the current price action below the cloud and the reddish color it created, it might imply a false bullish signal or a potential resistance if the price attempts to recover.
Tenkan-sen (Conversion Line) and Kijun-sen (Base Line):
Tenkan-sen : This line (blue) is the average of the highest high and lowest low over the last 9 periods. It's currently below the Kijun-sen, reinforcing the bearish sentiment.
Kijun-sen: This line (red) is the average of the highest high and lowest low over the last 26 periods. The price is below both lines, indicating bearish momentum.
Chikou Span (Lagging Span) : This line shows the current price action shifted back 26 periods, providing a historical perspective.
Position: The Chikou Span is below the price action from 26 periods ago, which is another bearish signal.
Kijun-sen Cross : The Tenkan-sen crossing below the Kijun-sen while both are below the cloud strengthens the bearish outlook.
Key Price Levels
Breakout Level: $89,800 (Neckline)
Current Price: Around $92,750
Resistance: Cloud top around $95,000 - $97,000 - $100,000.
Support : Below the neckline, potential support around $85,000 to $82,000.
Volume Analysis
Volume: While high/average volume during the formation of the head might suggests strong participation, the volume during the right shoulder formation is lower, possibly indicating reduced buying interest.
Last Note : As a confluence the Trend Strength Index is also showing a declining movement both the weekly and daily charts even though it it at floor levels on the 4 Hr chart. This basically tells us that we might see some dip movements in the following days if volume continue dumping like it does in the past 3 1D candles.
Conclusion
Using the Ichimoku Cloud, we observe several bearish signals for Bitcoin:
The price is below the cloud, indicating bearish momentum.
The Tenkan-sen is below the Kijun-sen, and both are below the cloud, reinforcing the bearish trend.
The Chikou Span is below past price action, further confirming the bearish scenario.
Despite the future cloud showing an upward slope, the current price action suggests a continuation of the downtrend, with the Head and Shoulders pattern serving as a strong bearish indicator. Traders should consider this analysis in light of overall market conditions, keeping in mind that while the Ichimoku provides comprehensive insights, market sentiment and external factors also play crucial roles. Watch for any potential retest of the neckline or cloud for further confirmation of the trend.
But instead of the bearish breakout to the downward, if Bitcoin can rebound from the current price level, it is going to be yet another strong bullish move for a formation of a megaphone which is unlikely though.
For risk management, always consider using stop-loss orders, especially in volatile markets like cryptocurrency.
Stay Tuned for further updates.
With Regards.
CTE.
AUDJPY Buyers In Panic! SELL!
My dear friends,
AUDJPY looks like it will make a good move, and here are the details:
The market is trading on 98.841 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 98.129
Recommended Stop Loss - 99.245
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURCHF The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9427 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9384
Safe Stop Loss - 0.9455
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GOLD Set To Fall! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2673.9 pivot level.
Bias - Bearish
My Stop Loss - 2693.3
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.0
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURUSD: Bearish Continuation & Short Trade
EURUSD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURUSD
Entry - 1.0300
Stop - 1.0258
Take - 1.0379
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD: Bearish Forecast & Bearish Scenario
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GOLD - Price can rise a little and then make correction movementHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price grew inside rising channel, where it at once broke $2600 level and continued to grow next.
Soon, price reached $2635 level, but at once turned around and made a small correction, after which continued to grow.
Price reached $2635 level again and then dropped to support area, exiting from a channel and entering to wedge.
In wedge, price made an upward impulse from support line to resistance line, breaking $2600 with $2635 levels.
Gold made a correction to support line, and then bounced up to resistance line and recently exited from wedge too.
Now, in my mind, XAU can rise a little and then make a correction movement to $2645
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GBPUSD Is Very Bearish! Short!
Here is our detailed technical review for GBPUSD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.244.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.237 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Bearish trend on GOLD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 2,630.641.
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BTC - Slight Distribution After Nearly 10xMorning my fellow traders, and happy new year!
I hope you do not have a hangover right now. But if you do, get a tea going, it usually does the trick for me!
I can't deny the possibilities for another rally to take out the highs, but I'm thinking what the market makers are planning is a simple inverted Adam & Eve pattern that will lead us to new opportunities within the next month or so.
Keep in mind that for sometime now Alts have not been giving, and I believe that after this next Alt season (which I believe we will still get), they will keep giving less and less.
I sold near $100k for probably a couple weeks now. Did not get a perfect $108k sale, which is fine. Now I'll focus on a reentry if this plays out.
Trade thirsty, my friends!
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6324
Stop Loss - 0.6351
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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EURUSD Is Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.031.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.026 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!