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Uptrend

BTCUSD up 31.2K then downIn this analysis, I've identified a significant moving average (MA) crossover, indicated by the red and blue lines crossing. Historically, such crossovers often lead to price increases. Additionally, I've included a violet line which I believe acts as a catalyst for a downward movement. Once the violet line touches a candle, I anticipate the end of the upward move and the beginning of a substantial price decline. I hadn't previously considered this scenario as I was focused on other indicators and patterns. Based on my analysis, I foresee the following scenario over the comind days: Initially, the price will rise following the crossover of the red and blue lines. The price will continue to climb until the violet line interacts with a candle. Subsequently, a significant price drop is expected, targeting approximately 29500 initially, followed by around 28500. After reaching around 28K, there will be some uncertainty, necessitating a new analysis as the price may potentially drop back to 25K. Although I maintain a bullish stance, I believe a correction is imminent, as mentioned in my previous post. Currently, there appears to be a buying opportunity until the take profit (TP) level of 31200. it's not finished yet for the bulls on a high perspective. I don't think we will see an enormous price drop (below 25K), since we are still in a bullish phase anyway, which needs a correction. Remember, trading can be challenging, so conduct your own analysis and do not solely rely on my words. Stay cautious and take care. Atémak
Long
by TradeWithAtemak
1
GBPJPY - Continue to rise? or beginning of the fall? 26/06/2023 - 1 Hour TF GBPJPY has been in a Bullish trend for quite a signifcant amount of time consitenly making Higher Highs as well as Lower Lows. Supported on the Weekly, Monthly, Daily & Hourly timeframes. Despite recent Bearish breaks we are looking for potential buys as we kick of the trading week. Recent news articles also points to a potential Bullish run. Raising interest rates also supports the idea of a longer Looking to enter a trade after price has broken below area of support, & it has come back to close above zone a 1:1 or higher win rate ratio. DISCLAIMER: All trades are just my own ideas and should not be taken as a signal. Follow me for more ideas. Happy Trading! Supreme Trading Society
Long
by SupremeTradingFX
1
MID TERM - LONG UPTRENDGold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically: Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold. Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate trading in decentralized exchanges or other financial platforms. These pools contribute to market liquidity, allowing for efficient trading and price discovery. Resistance at $1960: If there is a significant liquidity pool near the $1960 resistance level, it can impact market dynamics. A well-capitalized liquidity pool can attract sellers as the price approaches the resistance, potentially leading to increased selling pressure and a retest of the resistance. Retracement to $1885: Liquidity pools can also influence price retracements by providing liquidity and support levels in the market. Retracement to $1885: If there is a substantial liquidity pool or a cluster of buy orders near the $1885 level, it can act as a support zone. Traders may anticipate buyers stepping in to take advantage of the liquidity provided by the pool, potentially leading to a retracement in price toward the $1885 level. Considering the presence of liquidity pools near resistance and support levels, traders who predict a retest of the $1960 resistance level and a subsequent retracement to $1885 may base their thesis on the potential impact of liquidity pools on market behavior. Please note that market conditions can change rapidly, and various factors can influence gold prices. It's essential to conduct thorough research, monitor market trends, and use appropriate risk management techniques when making trading decisions.
OANDA:XAUUSDLong
by ashenfernando001
2
Adobe Target $539 - After Consolidation🐂 Trade Idea: Long - ADBE 🔥 Account Risk: 2.50% 📈 Recommended Product: Stock 🔍 Entry: +/- 446.00 🐿 DCA: Yes, down to 400.00 😫 Stop-Loss: 357.00 🎯 Take-Profit #1: 539.00 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Adobe participated in the AI boom and made more than 50% from its May low at around 325.00. Huge selling pressure came in around 520.00 showing stronger resistance in that area. We’ll need to see some more consolidation before considering stepping in. First buy zone would be around 446.00 from where one can DCA-in into the stock down to 400.00. We might not see the stock reaching the second buy zone, so consider start buying in multiple tranches starting in buy zone 1. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:ADBELong
by LGNDRY-Capital
1
Bitcoin's Psychological 30K: Uncertainty and PotentialBitcoin has reached the psychological barrier of 30K, likely triggering a temporary pullback to around 28K. At 28K, uncertainty arises: a strong climb to 32K is expected if bullish momentum persists, while falling below 28K could test the 25,800 support level. On the Weekly, the scenario is still bullish though, but starts to weak a bit. PS: I'm happy to see that the price didn't fall under the 25K support, and climbed as stated in my previous posts. But for now, I would say there is a little slowdown in the bull movement. I hope it is just local and temporary. We need extra candles to be more sure of the bullish strength, if it will last or not (even if there was the sudden surge which reached 30K). My bullish goal is 49K, but it's really far from now.
Short
by TradeWithAtemak
3