XAUUSD PENDING PULLBACK for another rally? (buys from 22000Currently, I'm not favoring gold due to its lack of healthy price action characterized by abrupt bullish momentum without significant pullbacks. This has resulted in the creation of numerous Asian lows and imbalances below that need to be filled. Consequently, I'll wait for price to retreat and potentially reach a demand zone to sustain its strongly bullish trend.
If price consolidates and experiences a downward break, I anticipate the formation of a new supply zone, providing an opportunity to sell toward a demand zone. However, I'm keen to observe how price behaves throughout the week given gold's erratic movements.
- Gold has been moving very bullish on the lower and higher time frames.
- Lots of imbalances left below as well as multiple untaken Asia lows.
- Price took ATH's and candle stick anatomy is strongly bullish.
- Demand zones have been left around 22000 and below so potential rally from there.
P.S. With NFP scheduled for this Friday, I'm keen to observe its impact as it could significantly influence gold's direction. There's a possibility of a decline, which could fill the imbalances below and reach a demand zone, but we'll have to wait and see.
Have a great trading week guys!
Bullrun
LTC Bull continuation to break above 100$Hello, yeah I know the past week or so was a bloodbath,
So LTC as seen on the chart has just completed the correction from 102 and completed at 78$,
So from there, our entry was at 81.94. so from here im expecting a bullrun to break above 102$.
SO for those that have been hodling LTC, keep on Hodling. the coming weeks are gonna be great and life changing.
NFA as always.
#DOMINANCE UPDATE!#DOMINANCE UPDATE
In the short-term, a symmetrical triangle pattern is forming within the dominance trend, with the current trading activity occurring above the lower support level. It is important to exercise caution, as a breakout or breakdown of this pattern will confirm the next move in the trend.
Stay tuned
US30 Bulls still holding strong (buys potentially from 39400.0)US30 remains in a strong bullish stance, and I'm still on the lookout for long opportunities. Last week, we witnessed a retracement in price to fill the previous imbalance, although some imbalances remain. This was adequate for initiating a new rally, as we're currently observing.
Now, I anticipate two possibilities: either price will break past the newly formed high, or it will retrace to address a significant demand level. In the event of a retracement to the demand level, I'll wait for lower timeframe confirmation before preparing long setups, targeting either new highs or significant liquidity points.
Confluences for US30 Buys are as follows:
- Price broke structure to the upside once again.
- Lower and higher time frame remains extremely bullish.
- Clean nearby demand zone on the 18hr or 21hr.
- New high is close by which is a strong level of liquidity tat is lying there.
- After this imminent retracement we can expect a new rally.
P.S. I strongly favor the bullish trend due to several recent breaks of new highs. Additionally, there are several demand zones that have yet to be mitigated. However, given the impulsive nature of price movements, I wouldn't be surprised if we witness further upward momentum, potentially breaking the high once again.
Have a great trading week guys!
25/03/24 Weekly outlookLast weeks high: $68975.9
Last weeks low: $64863.9
Midpoint: $60752.0
Our first major pullback took place last week as BTC saw a weekly low of $60,752 , and notably the weekly high didn't manage to top the previous cycles ATH at 69K which does indicate a HTF Bearish Swing Fail Pattern. The 4H 200EMA providing support on multiple occasions and keeping the HTF trend bullish. Both of these price action movements creating a bit of a stalemate/ chop. Looking closely to see which pattern gets broken first.
So far any pullback we have seen has been more of a leverage flush than a sustained pullback, V-shaped recoveries as entities such as BlackRock completely absorb any sell pressure. However, we did see a drop in IBIT inflows that were unable to absorb Greyscales GBTC outflows , leading to negative volume and a drop in price.
I think if we could see an S/R flip of the previous ATH it would give the greenlight to the rest of the market to continue moving up. Historically a pre-halving dump is normal, a ~20% correction is normal. If we don't flip that S/R level a sweep of the $58K area is not off the table but the closer we get to the halving the less likely that is to happen in my opinion.
The altcoin market pulled back with BTC with a few exceptions as usual. Narrative plays like RWA enjoying gains as BlackRock prepare for their $10TRILLION Tokenisation vision starting by depositing $100m USDC on the ETHEREUM blockchain. .
This week focusing on ETH based RWA projects for longer term holds could be a good plan to try and front run BlackRock buying. BITCOIN is obviously the main focus as it needs to continue its bullish trend so that the rest of the market can continue to rally.
25 Days to The Halving
This weeks focus:
- BTC S/R Flip
- ETH RWA's
Bitcoin: Breaking Through the $80,000 Barrier?Bitcoin has yet to significantly surpass its all-time high, as we are still hovering just below the $69,000 mark. It might now be time that we could see a Wave (4), which should lie between the 38.2% and the 50% Fibonacci retracement levels. We believe that around 38.2%, specifically at $50,277, we might see a substantial amount of buying volume. Depending on where we conclude Wave (4), the possible upside should lie between $79,000 and $105,000, with $105,000 being the maximum level, which is not entirely likely, but we should at least reach $80,000. Then, we should conclude the overarching Wave I with a larger Wave II correction. However, this still has some time to unfold.
Believe ItI know I am! I think we are in a "mini" phase pre-end of spring where we just keep ripping it up. There's just too much good news coming out each day about Bitcoin itself. The ETFs have been a massive success, I was blown away by the inflows today. And cherry on top, we have a halving coming up in the next month. Accept and embrace the bull.
This is my most optimistic run out of the next month and a half for Bitcoin. I just copied the earlier run up over, because I think nothing has changed since. We push up, we consolidate and breathe, and run it back. I think it starts to get a bit more iffy in the mid term with end of May and summer? (I'm nervous of the whole SEC vs. ETH situation) Maybe not though, I'm not sure what bad news about Bitcoin will come out by then and how severe it will really be. I've been here for years and this really feels like it's a full on bull run going head on into the halving again- I think this may be the moment we've been waiting for.
We'll see though- I'm always surprised by BTC, for better and worse. I don't want to think of pessimistic outcomes because I genuinely can't think of any negative outcomes at the current moment for BTC. It will always carry the rest of the field and the amount of institutional and public attention growing each day has been so unbelievable for me to watch in real time.
BTCUSD to 85KINDEX:BTCUSD is looking ready for another big move up.
Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now.
But when we do, its gonna pump hard.
Damn these last few months have been exciting to trade!
We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023).
I consider that validation we weren't going down anymore...
That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line)
I've plotted some similar waves onto the chart from similar moves on INDEX:BTCUSD to get an estimation on how price could flow through time.
Have fun trading! Keep SAFU and remember to be patient.
**UPDATE ON SHIBA** BULLISH BREAKOUTDid anyone go all in ?
Other company supporting and helping Shiba to eliminate lots of Zeros and Shiba will make history. Made my research and looks like more than trillions of dollars going to be burn and do not sell ; hold it.
I fully know you’ll hit more than 5 figures in your profit. Buy and hold; don’t listen to those haters who know nothing about Shiba and Shiba has potential to breakout and go a lot higher.
1 cent is the target and then $1 if couldn’t reach then 0.001
The only thing I know about Shiba will hit 1$ in 2028
LDO Daily Time Frame Triangle Broken And Retest Dne?In my point of view LDO token was playing a triangle from the beginning and now it has broken and retest done. We are looking at elliot wave counting also seems to 2nd wave done as a zig zag formation and as holding the upper trendline of the triangle strongly has a potential to continue it's bull rally from here.
DYOR
Reserve Rights is leaving accumulation phaseRSR has shown strength as of late, but better late than never.
Currently it is attempting to depart from its macro accumulation phase (high volume area) and is pushing the first level of interest (dotted horizontal). Additionally, it is interacting now with the 100ema on the weekly time frame, meaning I think a shorter term correction is due.
Long term, this chart looks fantastic. I think despite potentially seeing consolidation in the short term, this thing should push up toward our high time frame resistance (macro resistance) in the large red zone.
This is the first higher high out of the bear cycle, so things are really just getting started imo.
Don't sleep on it.
Vatsik
SHIB LONG TRADE FOR ATHAfter this upwards move i am more confident about future longs
I won't be suprised if price at first clear lows where my SL is and them rocket up.
At green doted bars i place my long orders. If the correction moves keep goin slowly like this, i am very sure about this position.
If someone want to join this train, green doted bars are pretty safe and high RR zones
Minimal tp is marked with my position
Optimal TP is recent height
Main TP is ATH ;)
BTC LONG FOR SUNDAY/MONDAYBTC marked Market Structure Break after touching the imbalance, below last long price wicks, that's a bullish sign. I try to look for long trades, these are my spots.
Entry 1 (RR 1:4.5) : Filling/touching multiple timeframes imbalances.
Entry 2 (RR 1:10.8): Touching order block and grabing some liq down there
SL: below actual low, but becouse there is imbalance i prefer not to rush with deposit
TP min: 70 715$
TP main: new ATH :)
BTCUSDHi guys
Bitcoin halving is 32 days away. If we look at the previous patterns, about 500 days after the halving we had an uptrend. Compared to the past 500 days after this 32 days before halving, which price zone do you think will be seen!?
Remember that all price corrections are the right time to buy. As soon as the rally starts, we probably won't stop.
18/03/24 Weekly outlookLast weeks high: $73775.8
Last weeks low: $69170.3
Midpoint: $64564.9
After making consecutive new ATH's Bitcoin has now experienced it's first prolonged pullback. Before these last few days we saw each dip as more of a leverage flush with a near instant V-shaped recovery. This however is more of a traditional pullback, the main level of note is the previous cycles ATH of SWB:69K . The MIDPOINT now signifies that level and for me and on the HTF a potential Swing Fail Pattern (SFP) . If we do see a clear rejection off SWB:69K This could be the start of one of Bitcoins signature 30% Bullrun pullbacks to punish late longers and any unexperienced retail holders. This would see price drop to FWB:52K area.
Personally I think leverage flushes are going to be common place as they always are and we are due a routine pullback, A pre-halving pullback occurred in the previous halving, -20% before rallying post halving. If we assume history will repeat itself then that would see price fill the large wick at GETTEX:59K from the previous flush, entirely possible in my opinion.
As for the bulls, the ETF'S have been buying up any sellside pressure since the beginning of the calendar year and with the halving only ~30 days away it's hard to see Bitcoins price being allowed to fall as what is essentially a land grab is going on, there are simply too many buyers.
The Nvidia AI conference begins today! Monday until Thursday and the crypto space is anticipating volatility to come from this event. Projects such as RNDR, FET, NEAR and other AI & DePIN tokens are expected to be impacted the most. The question is always going to be is this a sell the news event? The AI space has rallied significantly in the previous months however I would say that company with a valuation of $2.2T, (roughly 50% more than the entire market cap of Bitcoin) , bringing attention to these crypto projects and at least making the link between the two is a positive for the industry and can only bring more attention and money to the space.
[BTCUSD] - BULL RUN INCOMING!!Bitcoin halving is only 35 days away.
as shown in the 2w chart after the halving bull run get started.
this was repeated over a period of about 12years , even with the difference in price behavior in each bull market.
so any dips is a chance to accumulate more.
up only imminent , just a matter of time.
Dont forget to support us with ur like, comet and follow for more updates.🎯
ETH AT CRUCIAL SUPPORT!!At we take a look at the ETH/USDT, we can see that is is trading in a massive broadening wedge pattern. Every time it touched the trendline, it bounced nicely.
Will history repeat itself?
Another thing to keep in mind is that the area which it touched is also lining up with the golden pocket for extra confluence. This is still a bullish chart until support fails.
Remember we trade based off probabilities and theres a higher probability we get a bounce instead of a drop but since we can't predict the future we must alwasy protect our portfoliio with a stop-loss.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
LTC, the Sleeping Giant now break out!! its ready to takeoff!!Technical Analysis: #LTC (Monthly Update)
#Litecoin now breakout the 238 days accumulation zone, This is just the beginning of new uptrend.
#Litecoin is ready to take off and looks too bullish, it will ready to test its previous high and make new ATH at year-end or earlier.
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#LTCCOIN #CRYPTO #BULLISHRUN #ALTCOIN #UPTREND
11/03/24 Weekly outlookLast weeks high: $69934.6
Last weeks low: $64483.4
Midpoint: $59032.3
Bitcoin experiences its highest ever weekly close in history falling just shy of $70K . The previous ATH tested and bested multiple times during the previous week and broken yet again already this week hitting $72K ! The Market Cap has overtaken Silver to become the 8th largest asset by MCap . We are now in price discovery territory and ~38 days away from The Halving .
Blackrock continues to buy and now closes in on MicroStrategy who has been accumulating since August 2020. MicroStrategy recently bought another 12,000BTC to stay in the lead but it looks like BlackRock will inevitably overtake them in holdings.
BlackRock: 2 Months - 195,985
MicroStrategy: 42 Months - 205,000
Bitcoin has maintained its march onwards and Ethereum still lags behind. A close eye on ETH/BTC pair shows that on the 1W 200EMA is now flipped to support after breaking out of a multi-year channel since May '21 . ETH after broking $4K ~20% away from ATH.
Altcoins along with Ethereum are still lagging as BTC dominance continues to rise, however it doesn't necessary mean BTC is a better investment, once BTC dominance looks to have topped, the Altseason will allow Altcoins to catch up.
This week we continue to monitor the progress of the crypto market on the leadup to The Halving .