gold road to 2k?price now breaking resistance at 1910 based on h4 timeframe.
looking forward for price to retest at zone prices 1900-1902 / 1908-1910 for buy order
risk when price close below 1900 best stop loss at 1890 lowest.
first target 1950
second target 1980
third target 2020
good luck and trade at your own risk :D
2k
More bullish potential for GOLD as we approach $1,900!Overall the next immediate target to the upside is $1,940-50 region before we can then look at $2,000 which is not to far away.
The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to this time last week when US inflation data far exceeded expectations and spurred a more pronounced rebound.
Overall upside target from here is $2,300 long term.
w h i p l a s hpotential breakout
right hand side:
12d timeframe(inverted), see channels marked by pink lines. 12d has closed steadily and nearly perfectly within these channels.
see yellow line following initial low wick trend, and the low wick for the current candle which has failed to meet said line with 3 days left in window.
should momentum follow, this mother is going to P O P.
2k may be imminent
When will ETH hit 2k? What does that man to you and me?ETH (and most cryptos for that matter) have been making history in the last couple of months. Never before it had 4 months of straight sky-rocketing bull run, almost without a fault. That is very unusual for cryptos market and is causing FOMO and anxiety for many people. I can't even count how many times in the last 2 months I have seen people celebrating that they have sold everything they have at "the top" just to realize two days later that market went 10-15% up!
How long will this spectacular bull run last? ETH has been massively overpriced for at least a month now. According to data, it is long overdue a massive correction or at least a few weeks of sharp decline. Markets can stay irrational longer than one can remain solvent. Unless you are a massive whale or someone like Michael Burry - you can`t fight it, the market will always win. Follow my posts, go with the flow and hopefully, everyone will be making some profit 💸
When will ETH hit 2k? It is very likely that BTC will keep going up today. If that's the case, regardless of what's happening in other markets everything will keep going up. The same for ETH, people are buying, volumes are not that bad. ETH is likely to hit 2k today! 🚀
Today's technicals :
Position is long
Forecasted highs at 1950 and 2k (if ETH quickly breaks the top of the channel and manages to form support above it, just wait and see that rocket taking off!)
Mid-way point at ~1815
Forecasted lows unlikely to drop to 1850 and 1800
Have fun trading! 🤑
If you would like to have early access to my TA's write "Markets are irrational, but I want to know" in the comments down below 😁
but but... they said Bullrun???!! ThEy SaiD BotTom in! wink winkLast bullrun went from 300 dollars to 20.000 dollars in almost 2 years. Only reason that it pumped that high is due our dear sugar daddy BITFINEX. They printed shitload of tether and kept buying BTC's. In combination of the crazy ICO run that people invested millions in worthless and useless tokens that are almost all down 95%. When the pumping ended and the dumb money retail masses invest at 20k it became clear that BTC would enter a bearmarket. 6k became the support that held for many many months. Once it broke we dumped 50% in couple of weeks.
Now Bitfinex has the claws of NY AG around their neck and their cold wallet is moving money out like crazy. ICO's are basically dead. the main 2 catalyst that pumped the price to epic highs are "gone".
Thinking bullrun will start now is stupid and doesn't make any sense. I ask you what is the reason BTC will have massive bullrun? real world usage? adoption? please dude wake up.
People like Willy Woo, David Puell and Murad telling us the bearmarket is over cus they invented some fancy looking indicator that predicts the bottom. the point is that BTC only has 2 previous bearmarkets. there is simply not enough data to check if the fancy new indicators are accurate most of the times. and of the 2 previous bearmarkets there is only 1 bearmarket that is almost similar like this current market.
Rather trade what the charts are telling you now instead of comparing every piece of charts to 2014-2015 bear markets.
Basic rule:
Don't long resistance and don't short support. Ogaah boogah blah blah WhAt?? look at charts we are at major Resistance.
I think we gonna see lower.
Short it. close some at red box and short again when it has deadcat bounce. keep shorting the shit of it until there is a flat phase of accumulation and the biggest bulls are turned into steak.
Bitcoin back to 4.5k? Downtrend Fractal theoryHello everyone,
I hope you're all doing fine and having a wonderful Easter.
Sadly my last prediction didn't work out further as we broke the major support line and plummeted into the abyss. We had followed that fractal for quite some time, but it did no longer when the major support broke.
Ok, downtrend. But what now? But what could be bitcoins next move?
I have a new theory:
I noticed some traders comparing the 2014 downtrend to our downtrend now. And as many of fractals repeat I think that's actually not a bad idea.
One thing that I noticed during research of fractals is that many shapes repeat, but they distort over time, because a market starts to move faster or slower. In mutiple market cycles I found similiar shapes, just distorted/deformed. I believe that right now we move MUCH faster than back in 2014.
If we roughly follow the 2014 fractal linked with our market speed now. The bottom should be around 2.9k in Spring/Summer followed up by an accumulation phase that lasts from mid may to mid august. Where the average of the price lies around 4.5k.
The bull market could start from September.
Personnaly I don't think we are heading into a long crypto winter and here is why:
- There is a super large channel active that's here since the top of 2014. And as price moves between channels: We bumped the top of the super channel in December and are now heading to the bottom of the channel. I'd like you to take a look at how the fractal bottom matches with the lower part of the super channel.
- I noticed that the 2014 fractal fits onto our downtrend. But I had to speed it up. Weirdly it looks like we are correcting MUCH faster than back in 2014.
I hope you liked this analysis. Happy Trading.
Greetings,
Vincent