Looking for BTC to complete a confluence play here at retest 108k area. I believe a Long is like here for a few different reasons. The first on being as mentioned before, the confluence, last time we were are these price levels we ran to $108k+. So I believe confluence is likely here. Next reason being the pending orders. Naturally since the previous high there...
Long up to 2700. FX:XAUUSD Gold seems to be respecting the daily support level of around 2679. This coupled with the news of inflation on the rise should lead to retest of higher price levels as people looks for else where to put their money.
It seems that gold is struggling to break key Fibonacci levels. I think this is partly due to the volatility in the cryptocurrency market. In my opinion, there is a distinct correlation between Bitcoin rising and gold falling. While I don’t believe this trend will be permanent, in an uncertain financial climate, I think investors are still determining their "best...
Here is a SOLUSD Sell Idea. After seeing significant buy pressure on Solana brough upon by BTC shooting to near $100k, I believe we will see a retest of previous support levels for few different reasons. There is alot of liquidity between $220 & $260 so those order are likely to get activated before the price continues to rise. As well as the time of the year....
ETH rocketed up last week as bullish sentiment builds and bearish sentiment appears to have reached exhaustion on most higher TFs. However, I do believe there is some liquidity and orders that need to be filled so I expect to see a retest of Support before any further significant sells up.
Gold sell idea. Though process here is gold is a continutation sell. USD is gaining strength and Tresuary Yield is Higher. Which in turn will cause Gold to lose value. I think we will have to see Gold retest 1900.
Potential ETH SELL. It seem we are currently in a Continuation Sell from 1900. I believe if we fail to break the current Resistance at 1850 and ultimately 1875 will we will see a Retest of Previous Lows starting with 1800 and potentially down to 1720
Lots of Bullish sentiment in the market currently. Plus vlaidation of key Support levels (1830 & 1880) primes of us for a nice bull run to 2000
Okay fam so we have DEFINITLEY retested the 1800 zone. At this point barring any other Economic factors I would expect to see a nice bounce back up towards the 1800 zone initially. Im expecting another push down just to clean up any sell orders in the market after that we re going up. and if we can find support at 1800 we will be back in the 1800 to 1885 zone....
After a nice 3 day bull run we finall broke 2k. I think before we can see anymore upward movement we will have to retest the 2k level.
BTC at major Resistance if there is another rejection here that would form a triple top which would further confirm a Sell.
After a big rejection of Resistance on a daily and weekly level, based on S&R and Fib Retracement it can be concluded that we will see a retest of support following a bullish beginning to 2023. Let me know if you agree or disagree, and if you like this idea please like and follow to get more ideas from MayTrade.
We have seen a rejection of a key Resistance price with ETH. Next will be a retest of support. Idea supports a sell and retest. The first zone we will test will be the 1400 zone and then all the way as low as 1100. I have included 4 Potential Take Profit Levels based off price action and the Fib Retracement tool. Please let me know your thoughts on this set up!...
ETH/USD ANALYSIS: Crypto has been pumping for sometime now since 2023 started. last week we saw nice gains in the area of 11%. I expect to see some liquidity taken back at the opening of the week. However I'm confident we will see ETH close in the green for the second week in a row. I have attached an ETH Buy idea .Will update when I see things starting to set up.
SELL IDEA Look for a sell down to 1802 hit off support between 1802 and 1805, bounce back up to 1809-1813 . 1809-1807 area of interest for sell entry.Next Support at 1776, then 1733
It looks like SPX has hit a solid resistance. This fact along with the recent news of mass tech frim lay-offs has me bearish on a short term level. Here a look at what we could see as we see the market catch up to the news and the economy.
Here is just a simple Price action based gold buy idea..It appears Gold is in a bit of consolidation period currently. However there is a bullish sentiment to the market, there is a likely chance of recent highs being restested.
nice potential BTC/USD Sell set up, this is a 2-3 day idea so wait for a good entry on a pull back. But what we are seeing now is BTC looking for support after that massive bull run up. I think there is some liquidity to be filled on a sell down.