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Weeklyoutlook

03/02/25 Weekly outlookLast weeks high: $106,485.24 Last weeks low: $100,995.99 Midpoint: $95,506.74 As the US begins a tariff trade war on the world, BTC ends the previous week with a weekend selloff back into the range low of $91,000. Despite the crypto world being everchanging this range low level has held strong for nearly 3 months now. Because of this strong support level we have seen many weekly outlooks follow the pattern of an early break below weekly low, then reclaim and rally back up the range throughout the week. Could this be the case once again? Currently sentiment is terrible, probably bear market levels of depression despite Bitcoin being above $100K most of the time. I think this is largely due to the state of altcoins as they are at pre-US election lows, in some cases bear market levels... This plays havoc mentally which so much was promised in terms of alt season potential now that Bitcoin is a new highs. In reality the market will do what hurts the most, max pain. Having said that, generally a weekend dump can be misleading due to low volume and the absence of institutional buying making any manipulated move much easier to pull off from a market makers point of view. There are some nice 4H TF setups emerging, now the macro environment is definitely calling the shots in the Tradfi world but as long as the $91,000 holds the rangebound move is still in play.
by ProR35
Market Insights with Gary Thomson: 27 - 31 JanuaryMarket Insights with Gary Thomson: BoC, Fed & ECB Interest Rates, PCE Price Index, Earnings Reports In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode: - BoC Interest Rate Decision - Fed Interest Rate Decision - ECB Interest Rate Decision - US PCE Price Index - Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
3
27/01/25 Weekly outlookLast weeks high: $109,555.48 Last weeks low: $99,643.66 Midpoint: $104,599.57 A new Bitcoin ATH as President Trumps second term officially begins! Just shy of $110K with a much tighter range of $10k from range low to high leaves Bitcoin in a very interesting place going into what has been called the first "pro-crypto" administration. Now the weekly close is an interesting one as there is a clear sell-off that has continued at time of writing bringing the price down below the weekly low. This has been a common theme in recent weeks as either a bearish SFP of the weekly high early in the week resulting in a sell-off for the remaining days. Or the opposite were a sweep of the weekly low early on results in a recover rally for the rest of the week. As of right now the later is in play but what is causing this sell-off this time? The AI issue: The recent headlines have been that the US wants to win the AI war and be the dominant force in what is possibly the most important product of the future. OpenAI, Grok, Meta etc all have AI products and services and the US government hope that by backing these companies the US can be the victors of this race. However, the game has changed with the release of "DeepSeek R1" a chinese AI competitor with some remarkable attributes that has the US stock market very worried as reflected in the pre-market. DeepSeek R1 was reportedly built for $6m, now this is a Chinese company and therefor any numbers should be taken with a pinch of salt but OpenAI has raised $17.9B for ChatGPT and many now see DeepSeek as a superior product in many ways: - Less GPU intensive due to a more efficient and streamlined model, this is mainly why NVIDIA pre-market is down 11% at time of writing, investors are seeing that perhaps US companies have overblown the demand for GPU's as the product they are making is not optimised in comparison. - Considerably cheaper due to this streamlined approach, personally this is a symptom of how America has been operating as a nation since the pandemic, a severe lack of efficiency made up for by throwing insane amounts of capital at the problem with no thought as to where the money comes from (printed via QE & tax payer funding). DeepSeek just proved why Trumps planned approach of getting value for money and increasing efficiency is a winning formula, anything else is unsustainable. - Open source code, we would expect the company called OpenAI that was founded on the basis of transparency and the mission to do good as a non-profit would be the product that has publicly available code, but no that would be DeepSeek... This further compounds just how out of touch the US based AI companies have got, the quest for revenue has taken over as the mission goal, which in the case of AI is very dangerous. To conclude the AI problem, the Chinese AI product is cheaper, more efficient and more transparent that current US based products and that is why indirectly BTC took a tumble. On the data news this week FOMC is on Wednesday, the forecast is for interest rates to remain unchanged however the volatility of FOMC often leads to interesting price action, this could be another reason for the sell-off as de-risking takes place. For this week I am looking at using the chaos to find goo d long entries, I still think that Feb-March looks good until I have reason to think otherwise. Weekly low is a key S/R level that will determine by bias in the short term until then. TL;DR - DeepSeek R1 worrying investors of US AI companies as the Chinese AI product is far cheaper, more efficient and more transparent. US stocks down on pre-market. - FOMC midweek, first of Trump admin, volatility expected. - Weekly low key S/R level for BTC
by ProR35
20/01/25 Weekly outlookLast weeks high: $106,467.97 Last weeks low: $89,292.15 Midpoint: $97,880.06 The Trump era begins... January 20th 2025 is the date in which America sees its new Republican administration take office. An administration that has promised to embrace crypto instead of demonise it, one that wants the future of crypto to be built in the US, so far Trumps picks for SEC chairman and other important related roles have reflected that pro-crypto belief. However, launching a $TRUMP memecoin and the subsequent $MELANIA memecoins just moments before inauguration in my opinion is a very bad start. Not only did the launch of TRUMP draw out liquidity from the altcoin market, it also damages the broader market just from an optics point of view. The general publics perception of crypto is it's full of scams, pump and dumps etc so to try and change the general publics mind the answer is to... Launch a memecoin... Now I'm fully aware Donald Trump himself probably has very little to do with this, just like most celebrity memecoins but I just don't see how this is a positive start for the administration in proving their pro-crypto stance. Bitcoin did have its highest weekly close of all time @ $106,500, which was $2000 higher than the previous ATH. +20% move from weekly low to high in anticipation for the potential Bitcoin strategic reserve announcement. Avoiding a SFP similar to that of week commencing January 6th will be a priority for BTC, we are in a rangebound environment so a SFP can have the potential to drop back down and undo a lot of the previous weeks progress. Until BTC breaks the rangebound environment and begins a trending move I will treat it as such. For this week I'm keeping a close eye on the Liberty Financial portfolio (ETH,AAVE,LINK,ONDO,ENS) & US based majors (SOL,SUI,AVAX, ADA, STX,INJ) etc. The play is definitely coins that will be directly influenced by this new US administration, at least for now I cannot see any liquidity go towards any other coins for the time being.
by ProR35
13/01/25 Weekly outlookLast weeks high: $102,745.89 Last weeks low: $91,200.80 Midpoint: $96,973.35 A shaky week for BTC and the broader crypto market, mostly due to stronger than expected PMI and unemployment numbers decreasing the likelihood of rate cuts or at least a less aggressive rate cut cycle than previously expected due to a stronger economy. This is bad news for risk-on assets as borrowing capital stays expensive, with the next FOMC minutes coming less than 10 days after Trumps inauguration, last weeks bearish PA is a move to price in a no cut interest rate decision IMO. The weekly low is once again ~$91-92K which is a key area of support on the higher timeframes crating a rangebound environment so it should be treated as such, if weekly low is lost and price is accepted below then $85,000 comes into play as next support. This would be a capitulation wick IMO to trap the fearful before a very pro crypto administration begins in the US in a weeks time. At the same time price acceptance above ~$102,000 would be a bullish breakout of this rangebound environment and would signal the move to ATH at $108,000. I do believe we make new highs this quarter, I'm not sure how soon we will do that I think there is caution in the market going into January 20th and so unless there is critical news (maybe CPI on Wednesday) before then that changes this dynamic, a choppy week is expected. This week I'm cautiously optimistic about getting some good altcoin entries at key levels in strong fundamental plays. If BTC does hold above weekly low for the week I can see some very good opportunities presenting themselves.
by ProR35
3
Market Insights with Gary Thomson: 13 - 17 JanuaryMarket Insights with Gary Thomson: UK & US Inflation, UK GDP Growth, Corporate Earnings Statements We’re excited to launch our new forward-looking ‘Market Insights’ series! Hosted by FXOpen’s UK COO, Gary Thomson, this series provides a fresh perspective on global markets, highlighting upcoming economic data, geopolitical events, and central bank announcements. In this episode: - How could the US inflation rate influence the US dollar? - What might UK GDP growth and inflation data mean for the struggling British pound? - Which corporate earnings reports could drive the US stock market this week? Don’t miss out—gain insights to stay ahead in your trading journey. 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
1
NZDUSD - Weekly Forecast - Technical Analysis & Trading Ideas!💡 Midterm forecast (Daily Time-frame): The price is in a Down Trend, but Beginning of Up Trend is forecasted! 0.5799 is Major Resistance. Take Profits: 0.57500 0.57992 0.58630 0.59164 0.60369 0.61187 0.62591 0.63680 0.65327 0.67156 0.70330 0.72150 0.74650 💡 Short-term forecast (H4 Time-frame): Bullish Divergence Correction wave toward the Buy Zone Another Upward Impulse wave toward Higher TPs SL: Below 0.5587 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Long
by ForecastCity
20
06/01/25 Weekly outlookLast weeks high: $98,987.05 Last weeks low: $91,544.67 Midpoint: $95,265.86 2024 is over, 2025 has begun... Bitcoin ending the year at its highest point since its creation after an impressive rally mainly at both ends of the year with a cool off in the middle. Now that 2025 has started Bitcoin is looking to break $100,000 once more and begin what many believe to be the final year of the bullmarket. With the holidays now over and year open window dressing now done I would expect volume to return to the markets. Last week we saw a steady climb from the $92,000, whipsaw PA at year end and then a move up to just under $100,000. All that on very low volume which does make me a little worried, similar to weekend moves it's hard to know if they are true moves or just the result of a thin orderblock, this week will answer that question. Some important data releases for this week include: Tuesday - Euro CPI Wednesday - US ADP Nonfarm employment, FOMC minutes Thursday - CNY CPI & PPI, US Jobless claims Friday - US Unemployment rate As we get closer to president Trumps inauguration and the shift in the US from an anti crypto approach to a pro crypto approach, this week should be in preparation for that and could be reactive to news of Trumps administration choices and updates on the "Strategic bitcoin reserve" etc. These reactions could be positive or negative so getting a read on the market in the opening few days maybe wise. The chart shows and early break above weekly high, this opens up the opportunity for a SFP if the weekly high is lost, if that is the case a drawdown towards Midpoint is on the cads, however if the weekly high is held as support a move towards $100,000 once again is the bullish target. Increased volume would cement either move as the weekly bias. Good luck to all this year!
by ProR35
30/12/24 Weekly outlookLast weeks high: $99,988.07 Last weeks low: $92,529.54 Midpoint: $96,258.81 As the year comes to an end, we have a split week with new years day landing on Wednesday. The yearly candle starts @ $42,300, blasted past the previous ATH @ $69,000 and is now $90,000-100,000 a huge climb in the second straight green year for Bitcoin, all eyes on the yearly close! Historically the yearly close can be fairly uneventful as some portfolio rebalancing & tax implications are taken into account in some countries around the world, so for BTC to close around the current price would be very positive. Going into 2025, history suggests that the 3rd year of a Bullrun is the final year and so part of planning for 2025 will include some sort of exit strategy. Now I do believe that crypto is here to stay long term and this year has proven that with mainstream ETFs, government acceptance and in some case embrace, also businesses adding BTC to their balance sheet and more and companies accepting crypto as payment. All extremely positive for the space cementing cryptos mass adoption. For this week if we do see any move of note I believe it will be later in the week once the bigger players return to work, but I'm also conscious of January 20th when the presidential inauguration takes place. After that date there really shouldn't be too much holding back the continuation of the Bullrun.
by ProR35
23/12/24 Weekly outlookLast weeks high: $108,403.98 Last weeks low: $92,261.97 Midpoint: $100,332.98 Last week we saw a swing fail pattern (SFP) of the week previous' high. Ever since then it's been a steady sell off throughout the week, mostly thanks to JPows FOMC statements despite a 25bps cut as forecast. BTC is now battling the 4H 200 EMA for the first time since the US election, a much needed pullback or the start of a further sell-off? Going into the holidays we should expect a lower volume as whales take some time off, retail will remain as crypto is shilled to family members over Christmas dinner so the market will continue to be interesting. The 4H 200 EMA is a key battleground, I would have hoped to see a better reaction off the moving average initially but maybe this is bad timing due to the holidays and lower volume, or the reluctance to open new trades while markets are shut etc. This week is obviously quiet in terms of data releases, there are various token unlocks ENA, IMX, FET and burns for some key altcoins such as ISP & BONK. I think the general consensus is that normal service will resume in January once everything opens back up. So for this week it's probably better to set alerts for key areas you want to get involved in, planning for when volume returns to the markets and when Trump takes office too. Merry Christmas to all and good luck!
by ProR35
16/12/24 Weekly outlookLast weeks high: $106,649.88 Last weeks low: $94,177.33 Midpoint: $100,413.61 A new ATH for BTC last week as we saw $106K for the first time, truly amazing price action since the Trump election win. NASDAQ:MSTR , IBIT and other massive institutions are continuing to buy with more companies having rumoured to add BTC to their balance sheet, demand is strong and does not seem to be going away as we go into the end of the quarter/year. This week we have many different data releases from the UK, US & ECB. Naturally volatility is expected around these events, it also makes traders a little tentative to enter into trades, I would say this is more accurate during bear markets/ choppy conditions. Right now we're in a strong Bullrun and therefor the momentum is less news data driven and more a race for institutional buying, It's a given at this point that we're in a period of rate cuts and so that is factored into price. Altcoins have seen a recent pullback despite BTC pushing higher, this is as a result of the BTC.D chart tanking when alts took the liquidity from BTC profits and so dominance did see a correction. This latest BTC move up while alts are down is just a continuation of BTC.D continuing its surge as it always does in the Bullrun before the true altseason where alts outpace BTC after a blow-off top. This week I'd like to see BTC come through data events unscathed with altcoins bouncing off the 4H 200EMAs and starting the next leg up going into year end.
by ProR35
02/12/24 Weekly outlookLast weeks high: $98,894.77 Last weeks low: $90,786.17 Midpoint: 94,840.47 Last week was all about altcoins as Bitcoin takes a backseat after a the "Trump pump" rally. Consolidating just under the $100K big even level has seen rotation into Ethereum finally and more surprisingly dino-coins such as XRP, LTC and more. XRP has rallied to ATH (+300%) in less that 1 month, the news that Gary Gensler will be stepping down and with that the SEC's tirade on Ripple. The momentum and talk of the space is with XRP for now as it overtakes the Mcap of Tether to go 3rd! This comes at a time where typically BTC profits rotate into ETH and yet a lot of the capital has gone into XRP instead and so Ethereum is still way behind, BTC, SOL, XRP are all at ATH. With the new month beginning we typically see a shaky start to the month, especially after such a strong close. The fear and greed index for BTC is @ 80, that's down from 94 in the week previous (mid November). The drop off is also evident in the BTC.D dropping 3% as alts move up. This week I'm focused on where we are in the cycle, many alts are climbing and of course the $100K event for BTC. I believe we are not anywhere near the cycle top, any on-chain indicator would support that but that does not necessarily mean we aren't close to a local top. A strong bearish divergence has emerged on the weekly and that is cause for concern, overbought RSI high fear and greed and euphoric sentiment on the TL. Any new longs are extremely risky for now (LTF not HTF) without any fresh bullish news events. Price currently at midpoint, hard to tell how deep the monthly open sell-off will be, a quick wick with fast recovery will be bullish but a slow bleed would be more worrisome.
by ProR35
1
25/11/24 Weekly outlookLast weeks high: $99,591.61 Last weeks low: $89,381.02 Midpoint: $94,486.31 Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays. Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month! This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently. For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
by ProR35
GOLD Weekly Outlook Nov. 24, 2024Gold has aggressively bought up into now a premium level to finally begin to send price lower. Staying with my initial bias, that we have indeed capped the high of the year for Gold given the fact that it has bought aggressively the entire year and must now form the closing wick for 2024 trading year. For the upcoming week I'm anticipating rejections out of the imbalances currently above price and the daily order block currently above price. I would love to see Monday range and either Tuesday or Wednesday manipulate that range. Looking at the Economic Calendar I see that the first significant High Impact news event occurs on Wednesday (Unemployment Claims 8:30am, and FOMC Minutes 2:00pm). so I would like to see that day either manipulate or be a continuation day from a Tuesday manipulation. If you have any questions regarding this analysis or outlook, feel free to send me a message here or on my other socials. Thanks.
COMEX_MINI:SILZ2024Short
by chaarate
18/11/24 Weekly outlookLast weeks high: $93,269.62 Last weeks low: $86,738.62 Midpoint: $80,207.62 The "Trump pump" continued last week as BTC hit a massive $93k, another new ATH. Later in the week some of that progress did retrace mainly due to news events such as CPR & PPI data as well as profit taking/ de-risking. This week should be an interesting one as we see an early surge after weekly close putting BTC back at $92,000. As president-elect Trump announces his picks for roles in his new administration, the rumour is that Howard Lutnick may become Treasury secretary after backing from Elon Musk and RFK Jr, Lutnick would be a very pro crypto choice which has great potential for the space, with a new SEC chairman after the firing of Gary Gensler and the potential Bitcoin strategic reserve. Things are looking bullish bullish bullish! With BTC.D now at 60%, this would indicate although BTC hit new ATH altcoins are outpacing the market leader in growth. Memes are taking centre stage this Bullrun even though historically that stage of the cycle tends to be towards the end. Every other metric suggests this Bullrun is far from over so it's definitely something to take into consideration. This week I would like to see some breakout continuation patterns on fundamentally strong altcoins, as well as bitcoin, I do believe it is dips are for buying season going into the end of the year. A dip could be triggered by a loss of the diagonal support & 0.75 line shown on the chart which would provide a better entry/DCA opportunity after a leverage flush.
by ProR35
3
11/11/24 Weekly outlookLast weeks high: $81,532.47 Last weeks low: $66,852.48 Midpoint: $74,192.48 BITCOIN ATH! After a Republican victory in the US election. A massive moment in history and the markets have reflected the enormity of the moment. Since the announcement of a new president BTC burst through the $74,000 ATH price has continued to climb all the way to a weekly high of $81,500 a +10% move and +22% move for the week, very strong PA! Investors have clearly taken well to the news as BTC has a net inflow of $1.63B last week from the various ETFs, a staggering sum! Clearly an indication of investor confidence, and to prove that point even more GOLD has taken a tumble at the same time BTC is making new highs, a shift to a more risk-on environment that is further fuelled by the 25bps cut during last weeks FOMC. This week we have some important data news coming with CPI on Tuesday and PPI on Thursday. Traditionally these events can be volatile however I believe this time they will have less of an effect on the market just due to what's happening in the broader macro environment, the rate cut plus a more pro-growth presidency is enough for a more bullish/risk-on bias. This week the main focus is on altcoin analysis of first movers, strong performers and what's lagging. Having a plan for when BTC hits its first FIB EXTENSION @ $83,500 depending on how price reacts to that level, it would be reasonable to expect a pullback in which I would say $77,500 is the level I would like to hold. Good luck everyone!
by ProR35
04/11/24 Weekly outlookLast weeks high: $73,633.97 Last weeks low: $67,477.38 Midpoint: $70,555.67 ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump leads the betting market polls 57.7% : 42.3% which is down significantly from last weeks high of 67%. A lot can happen between now and tomorrow but for BTC and crypto in general a Trump win should be favourable to the markets, a Harris win might delay cryptos progress IMO. If the US election wasn't enough for one week FOMC takes place a couple of days later. With a forecasted cut of 25bps coming taking the interest rate from 5.00% to 4.75%. The last FOMC saw a 50bps cut so the FED is rapidly moving to a more risk on environment which should be pro crypto, however I do think the election result will dwarf this FOMC in importance as the 25bps cut has been known about for awhile and most likely priced in. Obviously the election is the main focus of this week, a number of projects have token unlocks this week too: Larger % circ. supply: NEON,BANANA,ADA,XAI,BGB,AGI Smaller % Cir. supply: SOL,WLD,TIA,TAO,AVAX,DOGE,SEI,NEAR,DOT,SUI&FIL The altcoin market is still at the mercy of BTC and BTC is at the mercy of this election currently so we'll have a better picture of what the future may look like by the end of the week.
by ProR35
28/10/24 Weekly outlookLast weeks high: $69,526.58 Last weeks low: $65,268.55 Midpoint: $67,397.56 2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it. We are now 7 days away from the US election, with Trump in the lead in the polls and Wall Street preparing for another Trump presidency I expect to see crypto start to push on after the 8 month chop. The plan for a Bitcoin strategic reserve and favourable law-making towards the crypto market is a positive. We also have the FTX distribution in 2 weeks, that's $16B coming back into the market, perhaps not all of it will stay in crypto but even if a portion of that remains that will be a significant boost to buyside pressure. All in all BTC is in good shape currently, I would like to see acceptance above the all important $69,000 level by the end of the week setting us up well for the US election. Obviously what happens there is unknown until we get the result and typically fear can be negative for the markets so maybe we don't see acceptance this week but I am confident that the R:R at current price looks good with many signals showing growth is likely going into the end of Q4.
by ProR35
PLATINUM | XPTUSD Weekly Outlook Oct. 21st: BULLISH Bias!This weekly forecast is for Oct 21 - 25th. Platinum is heading towards the Swing High with good momentum. Target should be achieved this week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers, and I respond to every comment. Like and/or subscribe if you like the video and want to receive updates directly. 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.
NYMEX:PL1!
by RT_Money
21/10/24 Weekly outlook (day late)Last weeks high: $69,001.51 Last weeks low: $62,475.70 Midpoint: $65,738.60 Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level. I would say judging by the chart I would want the downside to be capped at the Midpoint, continuing the trend pattern of higher highs and higher lows. The '21 ATH has been the biggest hurdle for BTC over the last 7 months with repetitive rejections, if the lows can keep creeping up then eventually we should get a spring above and that should be the move for an ATH run which should happen soon after if all goes well. Naturally we have ever increasing outside interference with the US election just around the corner, we know this is likely to cause volatility so be careful of that. Prediction markets like Polymarket have Trump as favourite, he is the pro bitcoin candidate so it should be a positive for the space if he were to be elected but you never quite know what will happen until it's confirmed. This week I want to see BTC continuing to make higher lows and higher highs. Altcoins have cooled off a little too after the initial BTC burst up from $60,000 so I'm looking for opportunities there too.
by ProR35
WTI CRUDE OIL & BRENT OIL Weekly Outlook: Wait For SELL Setup!This weekly forecast is for Oct 21 - 25th. US & UK Oil have been up and down throughout this Mid East crises. WIth a strong bearish candle and close last week, the indications are that the market has taken a bearish turn. I will be watching the market closely for a pullback to the newly formed Daily -FVG for a high probability short setup. Take caution, day traders. As there will be buys to take as price retraces up, but I would urge you to remain patient and wait for the HP sells. 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! Like and/or subscribe if you want more accurate analysis. 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.
NYMEX:BZ1!Short
by RT_Money
SILVER | XAGUSD Weekly Outlook Oct 21st: Wait For BUYS!This weekly forecast is for Oct 21 - 25th. After closing last week with a strong bullish candle, the week ahead maintains a bullish bias. Be mindful of a short term pullback this week, as price tends to retrace after breaking swing highs. Just remain patient and wait for valid buy setups in this case. 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! Like and/or subscribe if you want more accurate analysis. 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.
COMEX_MINI:SIL1!Long
by RT_Money
GOLD | XAUUSD Weekly Outlook Oct 21st: Keep BUYING!This weekly forecast is for Oct. 21 - 25th. Gold is still bullish, and BUYS are still the best bet. The formation of a +FVG will support higher prices, and we may get that on Monday's close. 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! Like and/or subscribe if you want more accurate analysis. 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.
COMEX:GC1!Long
by RT_Money