I see the 1877$ zone to be retested in the near future. The current price range of 1910$-1940$ is pretty boring, so I expect a large move from this zone to the downside. On the daily and 4 hour chart we also have a huge gap to be filled, so I keep an eye on that level for buying opportunities. Trading with big lots right now is too risky in my opinion due to an...
I kinda doubt that this is the fractal that we are all looking for. Nice scenario of the dead cat bounce. It looks like that we have a lot of market manipulations on the markets. The fractal is used from the recent oil dead cat bounce move if you wonder. So far quite accurate..
Analysis: This is a pure speculative technical view about GOLD using the fractal from BITCOIN after the COVid-19 market crash reversal. I am not saying that it is an impossible outcome, considering the LUMBER price rise/Palladium bull market. I am not sure how much time it should take for this RUN, but I will have a strong attention on GOLD and Silver for sure....
Analysis: Fractal used from the 2018 bearish market. It's like a copy paste, can be a long term opportunity to stay on the market with big expectations. A large multi year triangle pattern formation on the market.
So looking at the intraday movements, I see 2 opportunities. 1 Short from 1934$ (S/L 1941) back to 1889$ 2 Long from 1889$ (S/L 1870$) back to 2000$ - I will set a larger STOP in case of a strong wick to the donwside. Lets see what will happen!
Gold has made a strong corrective move from the 2060$ level. So far we have a double top pattern on the monthly chart. Right now I am pretty sure that we will have at least a dead cat bounce around the 1889$ level up to at least 2000$ again. I see this as a golden opportunity to close my short position an go long with a relative low stop loss level. I would like...
Considering yesterdays big move to the upside, I am expecting a brice breakout above 1800$ with a sharp pullback to the downside. Please find below the story of my tradings. So my final trade is this one.
If the momentum will be strong enough we can go high as 1850$ lets see which one will be the winner.
As I posted a setup earlier, we were looking to test the 1800$ which just happened today. From now on its pretty obvious that we are going to go down to the 1600$ level. There could be a pretty immense profit if you can stay all the way down to the target.
Gold has a really nice bounce from the 1720$ level, and I have a feeling that we are going to break out from the bullish flag pattern to test the 1800$ level before the major crash starts. BTC also hit the 52k level which is the top of the dad cat once second leg top on the market. Shorting BTC for the upcoming months can bring some immense profits, also shorting...
Analysis: Gold has been pushed back strongly from the the 200DMA. The bullish momentum was pretty strong during the US session on Friday but the act has failed badly. I also marked a specific market structure on the chart, just as an explanation why I am expecting another sharp drop. We know that the 1720$ zone is a pretty strong support zone on the market, but I...
Analysis: Right now ETH looks pretty good for those who are looking for an ATH. I don't see that to be come true, but I see a nice bearish channel forming on the daily and weekly charts. I see the current prices as a top for the latest bullish momentum. I opened a short position right here with a risk of 2.9%. I also marked two of my potential target levels that I...
If you take a look on the daily/4h chart of gold you will observe that every dip started with a consolidation than a breakout to the upside, Each of these rejections has a strong negative effect on prices. If history repeats itself, that could be a good sign for choosing the right trade. Lets see what happens.
Analysis: We have a really nice dead cat bounce on the market, most of the traders (newbies) are still trading after historical calendar price action, so the hope for the 100k by the end of this year is pretty strong. So that's a great opportunity to use this sentiment and go short on the market. Fundamentals are bad in the macro environment, so technical analysis...
2nd opportunity - Since we made a very nice scalp, the trend continues, we have another touch of the trading channel. Lets continue drilling.
Another opportunity to open short position around the 1780-1786$ zone since its the top of the daily bearish channel, and it will be the restest of the previous low. Good luck!
Analysis: Gold is still ranging around the 50 DEMA. I am still bearish on gold and I will be bearish until we finally reach the 1500-1600$ zone. Once we managed to hit the bottom of the bearish trendline support zone, I will add long positions, as I expect a strong V shape recovery from there. Right now I am adding some low size short positions from the current...
Analysis: Dear ADA maxis, I know you are still expecting that the price of ADA will reach the 10$ or even 100$ level (maybe you are crazy enough that you expect a 1000$ price/coin), but I have some bad news for you. As ADA is one of the greatest shitcoin on the market, it is fairly overpriced from the crypto experts that are join the market in the last couple of...