Bitcoin Cash BCH Price Targets after the FSB meeting The Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Bitcoin Cash BCH are:
BCH/USDT short
Entry Range: $147 - 153
Price Target 1: $138
Price Target 2: $119
Price Target 3: $110
Stop Loss: $171
Buy-sell
Bitcoin Gold BTG Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Bitcoin Cash BCH are:
BTG/USDT short
Entry Range: $147 - 153
Price Target 1: $138
Price Target 2: $119
Price Target 3: $110
Stop Loss: $171
Stellar XLM Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Stellar XLM are:
XLM/USDT short
Entry Range: $0.090 - 0.10
Price Target 1: $0.085
Price Target 2: $0.0.078
Price Target 3: $0.070
Stop Loss: $0.12
Will The Gold Hit 1840 Before The End Of The Week ?Tuesday was as I expected , The Gold Metal breaks the support zone I have made , Rsi shows the oversold volume on the 4 hours timeframe , so for me tomorrow will be positive for the gold , so the fed powrell speech will affect negatively dollar index and push the gold metal up
MATIC/USDT Buy setupthe price has broken the bearish channel after hitting the important 4-hour support area .
On the other hand, we have a bullish internal OB that we can enter into a safe buying trade after retesting it
GOLD; possible buy or sell continuationOver the past five weeks, the global Gold trend has exhibited a bearish sentiment. A notable decline was observed on Friday, 24th February. Subsequently, on the 27th of Feb, there was a corrective move to an equilibrium price region (1818.50-1820.063), which coincides with an intraday resistance level. This level demonstrated strength as sellers defended the area, driving prices further down towards an intraday support region. This price behavior suggests a range-bound market for the precious metal (Gold).
The intraday support region has been tested five (X5) times with a liquidity grab, establishing it as a significant stronghold for buyers to propel prices upwards. Despite the ongoing bearish trend, I anticipate the price to rebound from this support zone (at 1807.029-1809.11) first to the internal supply level (1815.80) and then to the resistance level.
However in the event of a violation of the support zone, a price drop to the 1800.00 price level is likely to occur. Therefore, I will adjust my position accordingly.
Usdjpy BuyUsdjpy is in the zone 132.5-136.9. price has been destroying resistance and seems to be making its way to the top. a break and close above 135.5 is a great confirmation of a buy since it will be also breaking the current trendline. risky sell since it is at the top of the trendline but since it just broke the last higher high with a strong bullish candle i feel it is a bullish market still
nzdusd sellprice has obvious bearish structure. nzdusd made a head and shoulder pattern and created the head which rejected off the last lower low 62500. price broke the head and shoulder patterns and seem to have just retested before continuing the head and shoulders pattern. price may create a double bottom at 62000 and go up. i aimed for a 1.5 rr to be safe
CHFJPY I Short and bullish continuationWelcome back! Let me know your thoughts in the comments!
**CHFJPY Analysis - Listen to video!
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ABNB Airbnb Options Ahead of EarningsAfter my price target was reached:
If you too have an Airbnb I think you noticed how your bookings declined YoY.
That will be reflected in the company`s earnings as well.
Now looking at the ABNB Airbnb options chain ahead of earnings , I would buy the $105 strike price Puts with
2023-7-21 expiration date for about
$11.15 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer timeframe allows me more flexibility in case of a small rally after the CPI report.
Looking forward to read your opinion about it.
NASDAQ Top-Down analysis! (Long Bias)Hello all!
NASDAQ is moving sideways currently. I will look to buy this pair to the weekly Supply zone marked. But for now, I have a POI in mind to take a LONG position from..
There is a lot areas with EQLs and EQHs on this pair, with imbalances sitting below the EQLs (Like shown)
Let's see!
Take care!
EURUSD BUY WAITINGHere is my thoughts on EURUSD
IMBALANCE... is clear as day, price needs to fill this zone, so weather it happens today or next week, I'm expecting price to pull back down to the zone marked ... then I will need to see some bullish momentum ... that when we can scale in our buy position... please as always let me know what you think, do you have a different look on the charts, I would love to hear ideas.
Trading Idea - VW/PORSCHE Pair Trade Pair Trade:
#VW (Vz) LONG
#Porsche SHORT
VW and PORSCHE have a correlation of 84%. Reason enough to try out a pair trade. Currently the values have drifted apart by approx. 7%!
Porsche is currently performing better (relatively), which means a SHORT signal. VW, on the other hand, is lagging somewhat behind!
Midweek Market Review: Jan 23 - 27,2023Hey everyone, so this week has been very interesting. Although we had a few trades lined up on Monday, we only managed to get a pending order set on one. In this weeks midweek review, I share my thoughts on the overall movement of price so far this week. Currently I am flat on my account, (I have no trades running), but hopefully we got some of the pairs on watch coming together to offer some amazing opportunities. Furthermore, I hope and trust that you are all having an amazing week, and will continue smashing it closing this week off in the black.
Until next time, you should all keep well, and bye for now.
HOW TO BUY THE DIP- What is considered the bottom for a coin?
- How to identify the bottom?
- What technical analysis tools to use?
- What are the fundamental prerequisites for the bottom?
What is the bottom for a crypto asset?
The bottom is the lowest price level of a crypto asset, after which the price of this asset is expected to rise.
The bottom is not always an absolute measure for the entire history of the existence of an asset, but can be calculated for a certain period: a year, a quarter or a month.
How to identify the bottom
Each trader has his own set of tools to determine when to buy an asset.
Here are some of the most clearest signs to each of us:
There is a protracted flat with the upper border breakdowns
The movement occurs in a strong support zone and is accompanied by high volumes
The order book contains big bid checks
Good news on the market or the project
The price is lower than the sale price (ICO, IEO, IDO etc.)
The bottom we search for is not a new all-time bottom
Protracted flat with the upper border breakout
If you observe that for a long time: 2 weeks, 1 month, - the price is at the same level, while occasionally trying to “break out” up, that is, the resistance line is broken, then this is in 90% of cases - the impulse to the rapid growth of prices.
However, if the breakout is more often than just the support level, then get ready to test a new bottom.
Strong support zone and high side volumes
Determine that there is a strong support zone at this level, that is, it met more than 3 times on the chart for the period under study and is supported by good horizontal volumes (Volume indicator).
Display the VPVR (Volume Profile Visible Range) indicator on the same period on the screen and evaluate whether the maximum vertical volumes for the selected period are at this level.
Big average checks
If you observe volumes above average with a “small” candle body, then there are purchases at the same price for a large amount.
This may indicate "big checks" or high market density.
To confirm the existence of “big checks”, you can refer to the order book and make sure that there are real bid orders for large amounts.
Fundamental prerequisites
As an extra springboard from the bottom, news resources can:
Issue positive analytics from experts on this asset
Record the activity of major players - funds
Report new technologies that have been released or are about to be released by the project
Share the conditions for large investments in the project by large funds, etc.
Price analysis for IDO, ICO and Private Sale
If the project token or coin appeared on the market following one of the popular types of crowdfunding: ICO, IEO or IDO, the most popular one, then you need to compare the Public Sale price with the current price.
If the current price is below the Public Sale price of the IDO, then you can put this in another checkbox on your checklist as a sign of a potential bottom.
If the IDO price was lower, then this is not a bottom, there are still a large number of investors on the market who bought the coin at a lower price, which means they can sell it cheaper.
Our bottom is not a new all-time bottom
As we noted earlier, a support line is formed at the level of the potential bottom.
If the price has never dropped so low in the history of the asset, then we cannot build a support zone, which means that the price can go even lower and find many new bottoms.