My bias for BTC is still bullish but with a lot of caution. I will be waiting for BTC to retest weekly levels at 45,380 to take a buy decision with 300 pips SL and continue to monitor $43,021 cloely for any sign of a downtrend.
Gold is currently on weekly support. This is a make or break zone from my perspective
BTC has been respecting the red channel very well on the uptrend and may touch 50k anytime soon. I am still watching. Please like my idea if it makes sense to you. Trade carefully!!!!!!
I expect ETH to bounce off the daily support @ $2,883 area or even before. if this doesn't happen and we see a daily close below the white rectangle, then we might be in for a down trend to the next support line on a retest.
Hello Traders, This is a follow up to my previous idea on ETH. I am yet to see see an opportunity for a good buy set up on a daily time frame even as I have a bullish bias for very obvious reasons beyond technical analysis. The crypto currency has been closing below $3,180 for the past for days and has remained consistently in the oversold area since 6th...
Another perfect entry for a 100pips profit ON 15MINS TIME FRAME
$1,750 from my perspective is appearing like the new strongest resistance for Gold and for Gold to continue the upside, then we should be looking for very convincing closure above $1750. I am buying safely with my take profit at $1750 exactly and end my trade for today. I will remain neutral after that and decide on a sell or a buy trade at the market open after...
The first major resistance that needs to be broken for Gold is between the $1724 - $1734 price arena. However, for me, a closure below the 23.6% Fibonacci on the 9th of August suggests a further downtrend with likely rejection at $1,706 area but because we do not really trade certainty for high probability I will wait for price action at market open to see what...
For the past three daily candles, ETH has been rejecting the $3.180 area. We need a convincing day close about that price level to confirm the continuation of the uptrend. I will wait for a convincing daily close above the $3,180 area and then buy again at the retest. Everyone needs to be careful and wait for price action to decide!!!
if you recall the earlier idea where I said going was going to get to 1760 earlier in July (7/07/2021). It took a while and NFP actually facilitated this today, I am going to go long from here. Monitoring 1750 also. A daily closure below 1750 invalidates this.
I AM PERSONALLY SHORTING GOLD TO 1760! DISREGARD INITIAL ERROR
Gold may retest 1760 area and probably take off to the 1900 resistance area. I am personally shorting Gold to 1960!
Only a break and retest of the 40k zone will confirm a bullish trend.
I see 1830 and 1881 if there are no rejections at 1830 area
I can see multiple rejections of the downtrend line and a break of the uptrend line. The chart speaks for itself. Trade safely