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PreLondon Friday analysis☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
BITSTAMP:BTCUSD
by Yelli_trades
BTC/USDT 4HInterval ChartHello everyone, I invite you to check the current situation on BTC in pair with USDT, taking into account the four-hour interval. As you can see, the upward trend line marked in yellow has been broken, and currently we can designate a local downward trend channel using blue lines. Going further, using the fib retracement tool, we will determine the supports that we should take into account when the price starts falling again. And here you can see how the support at the level of $39,024 kept the price from falling further, but if the support is broken, the next level is $36,280, and then around $32,831. Looking the other way, we can also use Fib Retracement to determine the resistances that should be taken into account. And here you can see that first we have resistance at the level of $45,469, then the level around $45,000 is significant, and then the price must overcome the strong resistance zone from $46,726 to $49,000. Now please look at the RSI indicator because you can see that a small price increase was reflected in the indicator, which still has room for growth. However, the STOCH indicator shows that we are approaching the downward trend line, which may potentially cause the price to decline and drop again.
by cryptodailyuk
ETH/USDT 4H Interval ChartETH paired to USDT on a 4-hour time frame. As you can see, the price has broken out of the local downtrend line and is currently staying above the uptrend line. Let's start by determining the support line and as you can see, the first support is $2,250, the second support is at $2,182, and then there is a strong support zone from $2,133 to $2,072. Looking the other way, we can see resistance again at $2,292, and then we have a strong resistance zone from $2,353 to $2,430. When we look at the RSI indicator, we see a rebound with room for a larger decline, and a similar situation can be seen on the STOCH indicator.
by cryptodailyuk
GBPUSD I Correction upward and more downside Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
Ethereum look in the gold point to shortEthereum still bearish in Daily timeframe. Now, we're in the 0.68% Fibonacci golden zone that you can to draw Fibonacci in Daily chart, what we could to get an opportunity to find a sell place from this point shorting in H4 or H8 timeframe. Now, Ethereum still in the bearish trend in weekly timeframe what bears are taking the control in this trend. It's very important to read and follow what the FED do in the economy and how this affect the global financial market like crypto or stocks. That it's all my analysis that I bring you today.
COINBASE:ETHUSDShort
by harisonhbn9718
GBP/CAD: Consolidation; updateGreat Britain Pound/Canadian Dollar could to forming consolidation zone that we need to be carefully. I know that price doesn't make any break out and we see a possible market trap in this zone that you must to keep away. For that I closed up manually my trade in the afternoon without any loss or earned. But now, I'm watching a liquidity zone that if GBP/CAD make any manipulation in this market trap, we could to entry in the red points $1.5210 CAD and not far like $1.5190 CAD to entry at favor of the manipulation. Because sometimes Forex market could to forming this movement very hard for amateur, but very understood by professional trader in Forex market. Now, remember that we're in the bearish channel, but price could to make the following movement to confirm the resistance at $1.5362 CAD as possible to found out a good zone to bought in this par. So guys, at the moment, I dont see any long or short, as we would to still pending in the interested point to watch.
by harisonhbn9718
S&P 500: Daily outlookS&P 500 forming a bearish Gartley pattern that I found out in Daily chart, what we could to see a bearish movement to the previously lower like 3600 pts. Also, remember that this occur what happen what the FED could to hike interest rate right now in September put the global financial market in worst situation of the bear market. And also tightening the America monetary policy. Talking about technical analysis, we see that S&P 500 forming a higher low in 3 occasion that maybe, I thinking that stock market could to be a possible market crash what FED do, and also cooling down the inflation rate But now, S&P 500 show us that stock market could to be weak during the next days, and also very correlated with Bitcoin and cryptocurrencies to short this assets. I hope that this idea support you!!!
SP:SPXShort
by harisonhbn9718
Ethereum could to confirm a sellEthereum look bearish in this Daily timeframe, what we could to expect it's a drop to $1,050 USD approx. And also, this could be a good opportunity to short in Daily timeframe. Ethereum break-out this trend line, indicating a bearish movement, that it's what we could to expect in Daily timeframe moved by the strength in the USD, about the U.S. policy monetary tightening. I expect in weekly timeframe a bearish movement that we could to find down to $800 USD, this it's a good opportunity if you want to short cryptocurrency. Also, I'm interesting to short Ethereum, what I will hope a little more how this day ending the Daily candlestick and know if this it's a good moment to open short in Ethereum and also in cryptocurrency for the weekend I hope that this analysis support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
GBP/USD: Daily outlookSterling Pound/U.S. Dollar forming a bearish channel and we're in the consolidation, today analyzing the Daily timeframe, I found out this chartist pattern where after the price break-down this consolidation, Pound could to drop to $1.1820 USD and find down opportunity to short Pound in front of U.S. Dollar This it's my Daily analysis and my update to know the situation in medium term in Pound!!! I hope that this analysis support you Remember, we're shorting Pound in front of U.S. Dollar, and the early, Pound move positive the Consumer Price Index and raise 10.1% vs the forecast 9.8% what that was a little manipulation and liquidation of the trades, what i made a re-entry to short in $1.2117 USD as yesterday I was shorting from $1.2086 USD and hit my SL, now I'm in short again recover the loss that for now, I recover it and my extra earnings to earn. Also, the first analysis of this week was Australian Dollar/Canadian Dollar that we take profit and I get 6.03% in earnings, also Aussie continue drop, but not bad, but my analysis was very good and my prediciton very well.
Short
by harisonhbn9718
1
Bitcoin forming a bearish channel perspective!!!Analyzing the Daily timeframe, we could to expect another possible crash in the Bitcoin price. But it's very important to analyze well the fundamental analysis in this week incoming what we expect from more news in macroeconomic point. Also, I draw a model of this bearish channel perspective and I believe that we formed the ABCDE pattern correction into this chartist pattern. Remember that we're in the bear market, and it's not sure that Bitcoin going to up, at least combining our technical analysis with fundamental news that affect Bitcoin price. Right now, we see a bearish hammer candlestick formed in Daily timeframe indicating sell-off. There's a possible short position to $21,300 USD to take advantage of this trade if you trade cryptocurrency I hope that this idea support you!!!
COINBASE:BTCUSDShort
by harisonhbn9718
XAUUSD Daily Technical AnalysisXAUUSD Technical Analysis 25.07.2022 1h chart ✅ Previous Weekly candle closed Bullish at 1728 forming Support at 1707.400, the last 2 trading days of the last week have had a huge pullback as the price tapped 1680 the previous Daily Support formed on the 8th and 31st of March 2021 grabbing Liquidity on the higher timeframe. ✅ Buys on a close above 1734.700 targeting 1h Resistance at 1740.000 leaving Runners to 4h Strong Resistance at 1745.000. ✅ Sells on close below 1723.500 targeting 1h Support at 1716.200 leaving Runners to the next 1h Support at 1711.500. ✅ Much better Buy positions would be above 1745 to at least 1770 based on the Daily timeframe having clean traffic on the left.
OANDA:XAUUSD
by mrromeojee
Ethereum Overview: Crash to $1,695 USDEthereum price drag the level of $2,000 USD and we could to see a possible bear market extend to watch these level in support!!! For example: This it's the Daily chart and Ethereum price still bearish. I suppose a big crash that could to reach to $1,342 USD our next level to watch now!!! So guys, if you planning to short Ethereum, you can to do it, but I surely I'm bearish in Ethereum price to $1,342 USD. So, in this timeframe I use Fibonacci and I suppose that Ethereum could to reach around $1,695 USD to watch this stop of the market in this drop incoming. But more deep, I hope a crash to $1,342 USD. So guys, don't long Ethereum, keep you bearish in cryptocurrencies.
COINBASE:ETHUSDShort
by harisonhbn9718
BNB/USD: short positionI see a short position in Binance coin right now in H4 timeframe. Also, I will keep this trade until $206 USD, that will be my psychology target profit for this cryptocurrency. Also to share in my analysis, I see that MACD indicator make in the bar chart a higher low in the indicator indicating weakness in the market and also, continue the bearish trend. Depending how the Daily candlestick closed up today, if closed up bearish signal, it's a good potential to short BNB in this timeframe and follow the trend toward $206 USD. I will replace this rade for Oil price that drop and got some loss in my trade and swing trade, for that, I decide to closed up as I know that Oil will crash to $100 USD. Good luck!!!
BINANCE:BNBUSDShort
by harisonhbn9718
1
GBP/CAD: Shoulde Head Shoulder InvertedGreat Britain Pound/Canadian Dollar formed a Shoulder Head Shoulder Inverted in H4 timeframe and right now, break out the neckline and this par it's making a possible pull back of confirmation and we need to hope a good bounce toward $1.6636 GBP as I show you in that exaclty target measure the base of this Head. But I suggest to wait a little more in H4 as there're not entry to long, but this trade has perspective that we can to long GBP/CAD And also, in Daily timeframe it's appear that we're make a bullish reversal from that zone that I watch you I will keep this par to update more!!!
Long
by harisonhbn9718
ETH/USD: Bought in the smart zoneEthereum it's look with bullish perspective that could to reach the mark of $3,800 USD. Also to take reference, we see that Ethereum make support in the EMA 200, and also applying the Fibonacci, Ethereum showing us a good zone to buy Ethereum in the 0.382% in Fibonacci level. So, I add Ethereum contract in this trade toward $3,800 USD. I put my SL to $3,110 USD. This will be a risk/benefit of 1:3 and it's excellent proportion to measure our risk vs. benefit. I hope that this Daily idea support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718