XAUUSD - Buy Stop on Break of Previous HighTrade Analysis
We have identified a Bullish Flag continuation pattern. We will wait for confirmation of the bullish trend and enter the trade when it breaks the previous HH. The target is the Potential Reversal Zone in relation to the ABCD pattern. Once the target is reached, we can consider shorting the trade.
Trade Plan
Entry: 2484.176
SL: 2460.830
TP: 2507.522
AB=CD
Bitcoin - Satoshi is AIQuestions and Answers:
1)
Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing.
Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it.
2)
Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.
Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want?
3)
Question: Would crypto currencies like bitcoin or ethereum be part of the AI future?
Answer: Yes, smart contracts and blockchain have a great use case in AI.
4)
Question: Did the CIA or NSA create Bitcoin?
Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up.
We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public.
5)
Question: What AI technology we use today?
Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites.
6)
Question: What is required for AI to run?
Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI.
7)
Question: How may future look with AI?
Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water.
“Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming."
“What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws?
“Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.”
In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it.
It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world.
There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
SPX and NDX Post-Pandemic ABCD Pattern Complete?Both major indices formed Bullish ABC patterns from their pandemic lows, with point C corrections right to important Fib levels of 50% on SPX and 61.8% on NDX. Given the context in my previous post that both have now reached the 161.8% retracement of the 2021 Bear market, are their Post-Pandemic ABCD patterns now complete?
US100 - NASDAQ Completing multi year patterns!!CAPITALCOM:US100 is in a window where we have multiple patterns completing. The major pattern from the covid low completed on time last week but with now reversal in sight yet we look at the price expectation of around 20500-20639.
The smaller pattern from the Oct 2022 low goes out to the end of July.
We are in the zone so we wait for a sign.
Enjoy the day.
S&P500 - Possible Short Term Top in. OANDA:SPX500USD is looking like its in the end of the move higher. Thursday/Friday were very slow after the early week rally even with NFPs giving things a spike.
now we look for Monday to give us some clues for the next move.
Option 1 - We get a move down to 5320 before one more high up to 5400 area.
Option 2 - The top is in on this run from the April low and we get a deeper PB down towards 5200 followed by another ATH around 5500.
Option 3 - But less likely, it holds Fridays lows and we get one more run up to 5400 then a deeper correction.
Things to watch going into this week with Inflation data Wednesday/Thursday and the next Interest rate decision out of the US Wednesday were they are expected to keep things at the same level.
I will also post expected intra-day movements throughout the week.
Enjoy the week, watch for Monday clues.
#AUDUSD: 930+ Pips Buy Opportunity | Setupsfx_| Dear Traders,
Price has moved nicely from our first entry, now we expect a clean bullish move towards 0.7600 which will give us a nice 930+ pips in a swing trade. Please do your own analysis too, which will help you have a clear understanding of the market. Use the two blue lines as entry point and stop loss. Good luck and trade safe.
Bitcoin - 42k soon! (Fibonacci channel, roadmap)Why am I bearish on BTC?
With all the crypto regulations around the world and, recently, banning stable coins in Europe + high transaction fees - crypto is losing its popularity, and people are starting to hate crypto. Which means no one wants to use it, and where there is no use, there is no money. Maybe crypto is not as good a technology as presented by banks.
Crypto has been a huge disappointment for all investors in recent years. Ask yourself a question: Are you happy with your crypto holdings or not? Wasn't it better to put your money into NVIDIA? Nvidia made 10x in only a 2-year period. And this is a big stock, not a penny stock.
Bitcoin hit an all-time high in March and failed to continue the price discovery. Bitcoin was not strong enough to continue in the bull market, and instead, we saw a liquidity sweep, and it is currently experiencing a 27% crash from its peak.
Bitcoin failed to sustain the black ascending channel (that you can see on the chart). What we want to see is a breakout above an ascending channel, then a retest of it, and then a continuation of the bull run. In Bitcoin's case, we did have a retest of the black channel in April, but recently the price went back to the channel, which is a strong sign of weakness.
We have completed the Elliott wave impulse wave (12345). Waves 2 and 4 have both around 20% retracement.
Bitcoin is definitely heading towards the 42k level. Why is this level so important? We need to take a look at the chart and draw a Fibonacci parallel channel. Always use significant points to draw it, such as the major swing high or peak of a bull market.
In our case, we use the most important points: bull market peak (2021), bear market bottom (2022), and bull market peak (2024). We have a very nice-looking Fibonacci channel, and now we need to look for important levels. I always recommend using 0.618, 0.5, and 0.382. We also have 0.764 and 0.236, but these levels in general have a lower success bounce rate. 0.5 is not a Fibonacci number, but it's the middle of the ascending channel, which is logically a very strong dynamic level. The first major support is at 0.382 (around 42k) because we also have a POC (point of control) of the volume profile.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Retrace to 2340 set up1. Stoch rsi oversold
2. Bearish wave count (current D leg, looking for retrace to E leg at minimum)
3. Bearish AB=CD pattern set up at bottom of the chart by Stoch RSI & VWMACD
4. 2360 was my sell zone from 2325-2360. This level must hold as support, or gold flushes to 2300..
Also gold bear etfs supports a gold retrace, along with bearish sentiment on AMEX:GLD in which I have a sell set up for $210
BTC harmonic patternIn the daily chart of Bitcoin, we see the formation of harmonic patterns. Shark & AB=CD.
Harmonic patterns will be confirmed if this area can stop bitcoin from falling.
We also expect divergence in MACD.
So, in this area, it needs to stay in place for a few weeks and then move upwards.
Otherwise, there is a possibility of falling to the specified area.
STMXUSDT - Bullish TreadeThe price has formed falling wedge reversal pattern.
At the breakout LH, buyers will remain in control.
Bullish divergence is also observed before falling wedge.
EURUSD - Secret pattern no one talks about! (big crash coming)In my previous EURUSD post, I analyzed the historical chart (1971 - 2024). You know that EURO is heading for a big crash. If you haven't seen this very important post, please check out the related section down below. You have to see it if you are a real EURUSD trader.
Today, let's take a look at the actual 2023/2024 price action to see what is going on here. We have a secret head and shoulders pattern, that no one knows about. In general, the head and shoulders pattern is a reversal pattern and usually occurs at the top of the trend. These patterns are pretty much never perfect, so it's not always easy to spot them. This one is really hard to see, but I made it easy for you. We have 2 shoulders, and each shoulder is composed of a parallel channel. Neckline / HEAD is in the middle. This is of course an important level and strong support/resistance. Right now, it's a support, but once we break it, it turns into a resistance. Of course, I expect a breakdown on this bearish pattern, so make sure you are prepared for what is coming!
Is it good to short EURO now? Yes. Where to take profit? It depends on how long you want to wait. I have market 3 strong levels on the way down. The first is the neckline of the HaS pattern. The second is the POC (Point of Control) of the previous market structure. The third is the previous major swing low.
From the Elliott Wave perspective, I see a bearish Elliott Nest, that is composed of waves (1-2-1-2). This is an extremely strong fractal because once wave 3 starts, a steep downtrend begins. Usually, wave 3 is the strongest of all waves.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Bitcoin - 54% crash, bull market over!Is the bullish cycle really over? Definitely yes, and in this analysis, I will tell you why! The crypto market is dying in front of our eyes, if you are a hodler of many coins, you can see it very clearly on your account balance. Bitcoin failed to sustain the key level of 62k (0.618 FIB), which is an extremely strong sign of weakness. If you take a look at my Elliott Wave count, you see that the major impulse wave (12345) is complete. This is an impulse wave from the start of the bull market (15476) to the end of the bull market (73777). Take a look at wave (2) and wave (4), they both have a 21.35% pullback, so this Elliott Wave count perfectly matches.
The next reason is the rectangular range at the top of the uptrend. The range is clearly breaking down, which is another sign of weakness. What's more, we have an upward-sloping trendline that is breaking down as well. Currently, there is nothing bullish on this chart. Statistically, what is a classic correction for Bitcoin during major bear markets? 90%, 84%, or 77%. On the chart, I highlighted the 0.618 Fibonacci retracement for a 54% correction. But will this Fibonacci level really hold? Maybe temporary, but at the end, the price will go below it sooner or later.
What we can also consider is the 20 weekly moving average. Bitcoin is currently below it, and we didn't even see any reaction whatsoever.
What to do now? Should you sell your Bitcoin? My arguments are really strong, and I don't even want to know what is going to happen with altcoins. Will altcoins become dust? I am bearish.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
META potential Buy setupReasons for bullish bias:
- Price broke ATH
- Price giving resistance breakout
- Breakout of point B in AB=CD harmonic pattern
- No divergence
Here are the recommended trading levels:
Entry Level(CMP): 537.48
Stop Loss Level: 446.00
Take Profit Level 1: 628.96
Take Profit Level 2: 666.86
Take Profit Level 3: Open