damondre94

damondre94

Gold is bouncing off a key support level. Price is possibly forming a head and shoulders as far as market structure. Buyers are still in control on higher time frames, any fall in the market is a great opportunity for buyers to go long towards 2800. we may range before the breakout but we will need a break above the 2740 resistance. secure profits as we head into...

damondre94

Gold technicals and price action show that this bull move is extremely strong. With NFP this week, this will bring more volatility into the market. Gold has sold off during the last 2 NFP Friday news. The fundamentals could line up for the dollar to retrace this week which will push Gold down and give opportunities for buyers to continue pushing toward new highs...

damondre94

Bitcoin is setting up a beautiful double bottom pattern on the weekly timeframe. Not only is there a double bottom but bitcoin price has broken out a 6 month consolidation last week. With NFP approaching this week, I will be looking for buy positions if or when price retraces. I dropped a fib retracement as well, I liked 62k for a long position.

damondre94

Gold bounced and help support around 2500, CPI news drops tomorrow morning around 8:30. This news will be a key economic factor heading into next week. If the news comes out less than expected than Gold should head to highers levels and break the all the time high. 2530 is a strong resistance level, with weaker CPI data I anticipate Gold to break resistance this...

damondre94

BTC has set a double bottom on a broken daily support level in the 1 hr time frame. We got a bounce and similar double bottom pattern on the 52k daily support level as well. As we get closer to the USA presidential election more and more volatility will enter the market. I like this level for a short term buy up to 60k

damondre94

I anticipate that bitcoin will bottom out before the election and shoot to a new year to begin the bull cycle 6 months after consolidation since the halving. Historically Bitcoin is always bullish during election years. There is a lot of fear and uncertainty so I anticipate that bitcoin will dump and then pump to new All time highs north of 100k USD per coin

damondre94

NFP week. Gold is heading to lower levels as it sets to retest a double bottom pattern on the daily time frame. I will be looking to buy the dip on the fib retracement and wait on price action to confirm continuation for the bulls. The fundamentals are set for the bulls as the Fed has already said they are lowering interest rates. Waiting on the technical to line...

damondre94

XRP is setting a monthly bullish pendant pattern. Also sitting on a retest of a monthly double bottom breakout neckline retest of November 2020. Which was during the election of the last 4 year cycle. Breakout target of new highs , I'm targeting the price to be within $5-$10 per coin.

damondre94

Gold buy opportunity. Double bottom on the daily retest of the previous all time high. Bull flag on 4 hr time frame. CPI news tomorrow morning so there will be a lot of volatility in the market.

damondre94

Gold retest of 2360 possibly 2300. Unemployment news tomorrow and a brewing recession bringing in a lot of volatility so I expect large wicks of price movement. I will be looking for opportunities for a reversal to buy gold. Market structure on the higher timeframe show hidden bearish divergence so I will look to sell or sit on the sidelines till price is ready to...

damondre94

Tech stocks have been getting killed by the bears in the last 2 weeks after hitting an all time high at around 20,750. There was Microsoft earnings report today which was temporarily bullish for nasdaq. We have a bullish double bottom pattern on the 1hr time frame. Tomorrow (wednesday we have earnins reports for Meta, Boeing, Qualcom and Mastercard which are just...

damondre94

GU has been a large range since last November but if you zoom out into the weekly timeframe, you see an inverted head and shoulders and we are currently testing the neckline for a bullish continuation. With all the talks of cutting interest rates we should see the dollar begin to sell off which will push all pairs ending in USD up.

damondre94

Bitcoin continues to range as we await the break of 70k. Once we break that 70k level as we get closer to the election, I believe we will close in close to the 100k level. keep a close eyes on this pair in higher time frames, we are currently setting a higher low on the Daily. BUY THE DIP!! This will be a bull run you DO NOT want to miss

damondre94

There was a strong push fakeout to the upside as the JPY regains some strength. I will be closely monitoring this pair to look for a retracement entry for the buy. Im still bullish on this pair although we have broken the bullish weekly trendline. Japans economy seems to recovering in the short term. There is a lot of economic data that is being released in the...

damondre94

Gold has broken past key psychological resistance level of 2400. There is major news this week which include Fed Funds rate, FOMC, and as well as NFP. The consumer confidence and JOLTS came out today higher than expected but caused a fake out to the upside for the DXY (dollar). Which caused Gold bullish impulse.

damondre94

Bitcoin is moving in a series of waves making lower highs and lower lows. Previous data has shown that to be a bear trap for a bullish impulse move. I detailed two on the 2hr timeframe. From my perspective this move will push price up to 70k or down to 50k. Secure profits. I'm bullish on bitcoin based on technicals and Fundamentals being its an election year.

damondre94

Here is a detailed mark up of my perspective for XAAUSD (Gold). I will be looking for retest opportunities to enter a Long (Buy) position. The trend is bullish and there is a lot of volatility entering the markets during this election year.

damondre94

Cup and handle bullish continuation pattern. Monthly double bottom confluence as well for bullish trend. CPI news at 2am