The foundation of technical analysis is based on the Bullrun cycles since 2016 in conjunction with the Halvings.
XAU is at a very interesting short level. CPI data is due tomorrow. Will be exciting.
After a brief surge, BTC has returned to the projected course outlined in last Monday's analysis. I'm pleased that we're now at the more intriguing level. Link:
XAU has dropped below the macro point of control (POC) and the value area low (VAL) of the local range, which, in my assessment, signals a bearish indication. I currently anticipate a correction towards the next support level. Should this level fail to hold as well, my attention turns to the next significant support level at 1800. www.tradingview.com
BTC has recorded a bullish breakout from the Falling Wedge pattern. As a result, we temporarily moved above the psychological key level of $30,000 USD and even achieved a higher high for the first time in this correction phase with the daily close. Today at 4:00 AM, we observed a bounce at the planned support level. Currently, we are in the process of forming a...
ETH is currently moving in a symmetrical triangle. If we break out of this pattern, I expect the price to rise to the next resistance level at 2060-2090 and then see a possible retest. In case of rejection, we will probably see a further price decline and fall to the next Dayli level at 1950.
Of course, this triangle can also break out to the downside. What I can say is that it looks more bullish than bearish at the moment. The beginning of the week will be very decisive.
We have a confirmed inverse Head an Shoulders Patern, with a price target of 35k. This short option will be interesting if we get bearish signs on this price target! Update will follow.
Don't get FOMO until we are above the downtrend line at about 36k. I am looking for good setups.