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Other things to think aboutMorning folks, So, there some some jokes on the market already that BTC is becoming a stable coin... Indeed volatility has dropped drastically. But this could easily explained. If nobody is buying right now but all selling offers are swallowed by ETF whales - where coin should move? For instance, only BlackRock as bought in a single session this week more than 11K BTC. This is 10 times more than mined per day (900 BTC). Think about - how technical analysis could be applied for market right now? We continue to point that appearing of ETF is part of a big plan to take government control over the crypto markets. After some time free BTC float will be locked on ETF accounts. Exchanges that trade cash BTC (not ETF shares) will start loosing their business as turnover of cash BTC will drop miserably.... For now, we have H&S pattern that we've discussed previously and keep watching over it. If ETFs will keep supporting market from further drop, we should get upside bounce. Thus we consider 45-45.2K area for potential short position. For now we do not see many things to do. No good bullish signals either for now.
COINBASE:BTCUSDShort
by Sive-Morten
XAU/USD 15-19 Jan 2024 Daily analysis-> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. (internal continuation phase) As price has reached 50% EQ there is a high probability price will target weak internal high. Currently price has reached below the 50% (discount) and internal EQ buyers stepped in. Price printed a bullish CHoCH thereby confirming buyer interest. Expectation: Price to target weak internal high. Current demand zone to be respected. In the event the demand zone is not respected and price prints a bearish CHoCH (indicated) price will most likely target previous low.
OANDA:XAUUSD
by Khan_YIK
Look at the picMorning folks, So, indeed market has shown upside action to 49K after our last update, but later has broken, as we said, vital area for the bulls. For now ETF approvement doesn't fit to expectations much. In general, BTC has dropped for ~8%. But, at the same time - let's do not overreact on this. Yes, drop is significant, but it doesn't break major upside tendency. If we recall that 48.5K is major monthly 5/8 Fib resistance, then, current drop looks absolutely reasonable. Still, it was rather fast and by our view this increases chances on 2-leg downside retracement. In fact, it could take H&S shape. Since BTC is oversold on daily chart now, we expect upside bounce somewhere to 45K area first. Then we will be watching for bearish signs around either to confirm, or not confirm our suggestion of H&S and downside AB=CD action.
COINBASE:BTCUSDShort
by Sive-Morten
2
SOLUSDT Bullish Flag Pattern LONGExcuse me! According to my analysis, the Solana exchange rate will make its normal and healthy correction on a daily timeframe. I tried as much as possible to calculate the height of the possible rise and I came to the conclusion that I would set the Fibonacci level at 1 and 1.27. If indeed the shape holds. Now let's wait and see if it holds or not. NOT INVESTMENT ADVICE Always do your own research and don't make a hasty decision when opening a position. This is also just an analysis, not a guaranteed outcome. R3ncso
Long
by R3ncso
xauusd|Suitable positions to enter sales transactionsHi guys, I hope you are doing great. We don't have very important news today, so I think gold will continue its trend slowly. The resistance zones drawn on the chart, the first one is the resistance zone in the 15m time frame and the second one is drawn in the 1h time frame, consider these two zones, after seeing the candlestick patterns and receiving confirmation, enter into sales transactions, stop The loss is placed above the area. Targets can also be seen on the chart. I hope you use this analysis and be profitable.
OANDA:XAUUSDShort
by Golden_Star1994
1
43K is vital for bullsMorning folks, So, our 47.35K target has been hit on fake ETF approvement ;) Anyway, right now the major question is about stability of demand. Ambitions and emotions have got a release after ETF approvement and we have to be sure that bulls have sufficient power to keep moving higher. Because technically market has no problems for upside action - no overbought, no strong resistance levels above - bulls have to prove its ambitions and that bets were not just on ETF approval. To do this price has to stay in tight consolidation above ~42.80-43K daily support area. That's why for now, we consider only long entry inside this consolidation. If price breaks down 43K - bearish setup will become possible again. Long term upside target stands around 50-52K.
COINBASE:BTCUSDLong
by Sive-Morten
41K might be re-testedMorning folks, So, just we've completed with triumph our bullish setup on Monday - situation has changed drastically. Drivers of collapse is a separate topic for discussion. But it seems that market is very nervous now, not knowing in what direction to follow. This in turn tells, that ETF background as a driving power of the bulls is exhausted. Today we do not have any clear patterns. But taking in consideration few moments on daily chart, like failed upside breakout, Wash&Rinse all stops that have been placed around it and downside momentum, I would stay away from any long positions by far. Strong daily K-support was able to stop the tragedy. But momentum down is strong and we suggest that BTC still could re-test this level of ~41K area, before direction could change.
COINBASE:BTCUSDShort
by Sive-Morten
BTC keeps bullish contextHappy New Year to everybody! Hopefully you're feeling well after furious celebration ;) So, BTC keeps bullish context. Despite our recent idea with H&S has not been materialized, but BTC keeps vital condition for bullish context - it remains inside the triangle. Besides, now, we have another reverse H&S with absolutely the same potential entry area around 42-42.5K. Also bullish divergence is here... Currently bullish setup is not totally flawless, it has some tricky moments (we still have bearish grabber on daily) and yes, it depends on ETF news and approvement moment. At the same time, it doesn't mean that it is forbidden long entry. With some reasonable degree o care it is possible. But you pay for higher risk trying to get better entry point. Still, it is nothing bad with conservative approach either. Just to wait when upside continuation starts and try to enter on local pullback. This is also the strategy, why not...
COINBASE:BTCUSDLong
by Sive-Morten
2
CADCHF Exhaustion Longer Term LongI've been tracking the selling of this pair for some time and I think it's time for a correction. Yesterday we saw a big sell off presumably to clear out some stops which lead to buyers coming in and an interesting daily candle close. That's just the story but if you're looking for technical evidence it's lining up nicely with the parallel dynamic support/resistance trendlines as a great place for long entries giving good risk reward for those willing to wait it out.
Long
by CromerKing
2