DXY Chart Analysis....
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AB=CD
BTCUSD looking to head for BTC$80000+ on MN timeframeGood day traders,
There are several reasons why Bitcoin is expected to reach $80,000 in the next 6 to 9 months. Firstly, Bitcoin has been experiencing a surge in demand from institutional investors, who are increasingly recognizing the potential of Bitcoin as a store of value and a hedge against inflation. This has led to a significant increase in Bitcoin purchases from institutional investors, which is expected to drive up the price of Bitcoin in the coming months.
Secondly, the recent halving of Bitcoin has reduced the supply of new Bitcoins that are being added to the market. This means that there is less Bitcoin available to be purchased, which is expected to drive up the price of Bitcoin as demand for the cryptocurrency continues to increase.
Finally, the ongoing economic uncertainty caused by the the silicon valley bank crash's has led to increased interest in Bitcoin as a safe-haven asset. As governments around the world continue to fight this falling economy, investors are increasingly turning to Bitcoin as a way to protect their wealth and hedge against inflation. This increased demand for Bitcoin is expected to drive up the price of the cryptocurrency in the coming months, potentially pushing it to $80,000 or higher.
Lets have a look at the analysis:
What we see from the technical analysis is that we've spotted an ABCD harmonic trendhike forming, we recently beat our local resistance (marked R1) and we anticipate BTCUSD to meet our R2 sooner than later. This is a great time to buy BTCUSD seeing that the pprice is still fairly low and promises to meet figures above $100K by the end of this year.
Please share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
The price of Bitcoin has soared driven by market optimismLast Friday, Bitcoin fell to US 19,569. How desperate the market was at that time, and how enthusiastic it is now. In just one week, the Bitcoin market has undergone a shocking reversal, breaking through the previous high in one fell swoop and reaching above US 27,000.
In terms of daily structure, Bitcoin has broken the previous horizontal pressure level. At this stage, it is in a vacuum zone. Bitcoin price analysis has been slowly rising since the beginning of this week, and more buying pressure has been observed in the market. Pressure.As tokens are supported by strong buying pressure and good technical prospects, market sentiment remains optimistic, and the bullish momentum is expected to continue, with the next level of pressure around 30,000.
From the four-hour level, it can be seen that the last downward pullback was at the position of 0.382. Next, I think the possibility of constructing an equidistant ABCD is very large. As shown in the figure, Point D is far from being reached. The rise in the past two days has formed a complete breakthrough in the previous chip-intensive area. If there is a pullback in a short period of time, I think the pullback may as well be an opportunity to participate in long-term.
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Shiba Inu: AB=CD Bullish BAMM Continuation off the 200 Week SMAShib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely it moves well beyond just the AB=CD move and atleast goes to the 2310 Area ust based on the structure and the Macro Logscale Gartley on the left.
XAUUSD Bearish outlookGood day traders,
We have seen the markets turn bearish in the last month, this change prompted me revisiting my Gold/ XAUUSD swing trade analysis. Let's dive in and see what I've found, please share your thoughts in the comments section.
1. I noticed a harmonic bullish ABCD pattern that is forming with point D near our bearish chanel. On all higher timeframes we see a clear confirmation of a bearish pullback to 1478.
2. Our TP1 is set on the Daily timeframe TP which is on the blacksheep at 1774. TP2 is set at 1645 and TP3 at 1498.
3. We are currently approaching our local support, we will have a confirmation to continue shorting #Gold /#XAUUSD there. For now, we are selling to our local support.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.