DENCHMON

DENCHMON Updated 

Last week the FTSE confirmed our bullish triangle pattern, prompting that we will continue higher (for now). Price ended it week 6770, which looks to be a minor pullback and should continue its move upwards in the following week. We have found resistance at 6800 3 times prior to this point so a potential bounce downwards to 6730 is probable. From 6730 is where...

DENCHMON

Overall GJ is bullish and may climb higher. Above 150.700 , a continuation to 152.100 is possible and around this price we can see if price is looking to go higher. In a bearish scenario a fall below the yellow trend line 149.440 could mean further fall in price and a retest of yellow trendline 150.300 would confirm this.

DENCHMON

The yellow trendline could be respected and price could continue further upwards. If trendline breaks then a retest and another attempt for price to drop. Overall bias is bullish. Not Financial advice but be inspired.

DENCHMON

Gold has hit 1680 twice, forming a double bottom. If price should continue up then 1760 is the resistance to watch and look for a possible entry up to 1850. There's a possible chance for the price to go short, back down to 1680 and beyond. Not financial advice but be inspired.

DENCHMON Updated 

Last weeks GOLD analysis was done on the daily, which made any moves GOLD made look insignificant. Taking a look at the 4hr, we see gold has been ranging between 1730-1740. At this point its 50/50 (not tradable) if we break below 1730 then we have further bearish to come (I'm still thinking 1600). A bullish GOLD would look like a break above 1740, test of...

DENCHMON

Oil is currently trading around $65, which seems to be a major support and resistance. A break above means we would see $67.24 and possible retrace to $65.10 and further climbs higher if support is found. If $65.10 doesn't hold as support then $63-$60 seems to be possible. News matters! Currently there's a problem with the transport of oil, so prices are likely...

DENCHMON

After last week Mondays sell off (discount)to 50500, we can see BTC bulls have found strength again to run the price up before taking a breather at around 55600. A close above 55600 is a great opportunity to buy into BTC with a stop below support. Here we can ride BTC all the way up to 60k where price probably will break through with and head towards...

DENCHMON

Bitcoin may be handing out some discounts for people to get in. This idea is viable if we stay below 57k. 54k seems to be a great place to buy is as overall bias is bullish. Below 53k and there's a chance of visiting near to 44k again. TRADE AT YOUR OWN RISK, NOT FINANCIAL ADVICE.

DENCHMON

Overall Bias is bullish. If price doesn't move below 6700 as it was rejected Friday the 19th then FTSE has a clear runway to go higher. 6800 is the resistance to break and after that 6910 should not be any problem. 7100 seems to be a good target if we continue bullish.

DENCHMON

In the last week gold has been bullish, reaching 1745. Looking at the chart my bias overall is still bearish due to previous weeks of continuous down trending movement. Short term gold may visit 1750 which may form a rejection or climb its way to 1770-1790 after finding support uppon 1750.

DENCHMON

A little pullback on gold, overall still bearish. If trend continues 1600 is main target.

DENCHMON

Constant good news, has hit The FTSE upwards last week. A pullback is possible and then the continuation of trend.

DENCHMON

My idea for the movement of gold 08/03/2021. Still bearish but for how long...

DENCHMON

Structure looks good. Should be a easy scalp or long hold from support at 6500.

DENCHMON

IF we are consolidating, this is the structure IMO.

DENCHMON

After Finding support oil should resume its bullish movement. Could face resistance on the way up so there's potential for pullback and re-entries.

DENCHMON

If this isn't a correction. I'm just going to leave this here.

DENCHMON

What I see happening from a technical view of BTC. We have left the moon, the new challenge is mars.