Downtrend
USDJPY will probably confirm the downtrendThe price action begins to prove that the market is tired of Fed's narrative wich is most hawkish now,
Japanese economy in the uptrend,
Institutional forecasts of BNP Paribas, NatWest, Standard Bank, BoA, J.P. Morgan, Danske, CIBC, Goldman Sachs and Barclays say the USDJPY starts the downtrend
EUR/AUD under heavy selling pressureEURAUD respected the key long term resistance, thus validating the downtrend. Throughout this week, price bounced off the lower trendline of the descending channel, which is currently acting as yet another resistance. We can expect the continuation of the downtrend, towards the 161.8% Fibs.
Towards more downfall as the Feds rising rate hikesThis Wednesday in a morning and at 2pm. Powell will be on a stand to go aggressive the inflation rising another rate hikes..
Most to see the market to crash.. short retrace for Ethereum but the bears shows more strength resistance are stronger and the bears as well.
Target will be 1000 then 860… the. Throughout end of the month into October should drop down to 500 or 400 area.
Stop saying we are bottomed, we are not bottom yet.
EUR/GBPMaybe a potential short trade for the EUR/GBP?
- BoE is bound to come with a 75 Basis point increase on the interest rate Thursday .
- England are experiencing way tougher inflation than the European regions.
- RSI are already/close to signal a overbought signal, therefore a back-trace to more normal levels would be ideal
- ADX also showing a strong upward trend, been doing so for days, but should change direction, if my guts are correct.
lets see what happens in the coming week.
SHOTING STARHere we can see the formation of an inverted hammer which is usually called as a shooting star. This generally appears in a bullish run and indicates a reversal in the trend. The very next candle is a conformation of the shooting star. If someone had taken an appropriate put trade they could have easily gained 454 points.
GOLD MAY FALL TO 1453 IF THE MONTHLY SUPPORT BREAKSThis is my Gold Monthly Analysis. The monthly trend line is broken and the yellow zone has been rejected. Let me also mention that the yellow zone is the monthly support that must not break. It that happens. i will be looking for sell up till 1453.
My monthly chart speaks for itself
MTGOX DEADLINE EVENTThis is the huge event for Bitcoin and other cryptos but mostly this is the big day for bitcoin.
MtGox is going to release 137,000 that’s worth over 3 billion of bitcoin. It’s going to take months to process and complete it, the big dump should be expecting soon while correcting the drop.
It’s going to be pretty volatile but becareful.
More events are coming on the 21st of the hike decision making following along on the 22nd the ADA Hardfork event.
If buy reversal ever come out of nowhere please becareful of the the huge spike down comes if happens then the buy around 10K maybe 12k we are already in range for the drop meltdown like the plane crash. We are still In crypto winter and bear market it’s far to soon To say it’s over and we are now bullish.. no we aren’t yet please do not jinx it yet.
10K has stronger bottom floors, 17,600 is NOT the bottom.
GBP-USD Downtrend Continues! Sell!
Hello,Traders!
GBP-USD is trading in a downtrend
And the pair broke yet another key level
Reinforcing our bearish bias
And making us believe
That after the pullback and retest
The price will go further down
Sell!
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NAS100 Will Keep Falling! Sell!
Hello,Traders!
NAS100 is trading in a downtrend
And the index just broke the local support level
Which is now a resistance level
So the price will keep falling!
Sell!
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GBP-AUD Bearish Bias! Sell!
Hello,Traders!
GBP-AUD is trading in a downtrend
And the pair bounced off the
Resistance cluster of the horizontal
And falling resistance lines
So I am bearish biased
And I think it will go down
To retest the support below
Sell!
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GOLD Move Explained! Sell!
Hello,Traders!
GOLD made a surprise breakout of
The key horizontal support level
Which is a major development for the Gold market.
This is a symptom of the global dollar shortage
As the Grim Reaper of the strong dollar
Finally came to collect, tearing balance sheets apart
Draining everyone's foreign reserves
Forcing institutions to liquidate position
Which at some point turns into a self sustaining cycle.
The strong dollar has already slain the Euro
And now seems to have defeated Gold as well.
So despite the fact that this is just the first sign
Of the fundamental Gold weakness, and the pice
Is likely to rebound back up for some time
The BIAS is now FIRMLY BEARISH!
Sell!
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EUR-USD Will Keep Falling! Sell!
Hello,Traders!
EUR-USD is trading in a downtrend
And the pair made a pullback
From the resistance cluster
Just as I predicted in my previous forecast
And now the pair is falling
Which reinforces our bearish bias
And after the potential retest of the
Falling resistance and a breakout
Of the local horizontal support below
We will see a further move down
Sell!
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Research: As the merge approaches, on-chain data suggests ETH usShare
Xeggex
According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. Coins held by Ethereum investors are maturing to showcase a higher number of HODLers unwilling to sell.
Within the Ethereum ecosystem, just under 60% of investors have held for more than one year, compared with Bitcoin, which has 80% of HODLers holding for the same period of time.
However, we are now seeing 7-year holders (dark blue) of Ethereum start to increase. From July 28, the first 7-year holders began to show and now hold over 2% of the supply.
Ethereum: HODL Waves (Source: Glassnode)
Ethereum: HODL Waves (Source: Glassnode)
Given that Ethereum mined its first block in July 2015, coins that haven’t moved in 7-years are likely genesis coins that have never moved. As time goes on, it is expected that the 7-year HODLers will continue to grow as HODLers who entered the Ethereum ecosystem during the 2017 bull run start to emerge.
Unlike Bitcoin, Ethereum is not often referred to as a store of value. However, on-chain data suggests that 2% of Ethereum holders believe it could be. Depending on the activity of the network, Ethereum may also be deflationary after The Merge, which adds credence to this theory