#BitCoin Fell Now Watch These Important Levels To WatchTraders, Truth is Bitcoin has been in a parabolic move but it is no there any more. that Parabolic move is now broken. Everything comes to an end. The move has come to an end and now it is time for a correction. The fall was an initial reaction and not a correction as per-se. For a healthy correction and for it move to new heights, it needs to stay at the corrected levels for some time, consolidate and then move upwards or downwards.
There are huge arguments on what could happen with the bitcoin. When an instrument starts to move in one direction new figures, estimates, arguments, analysis and claims start to fly. Social media and main stream media start to cover that and largely speak in the direction of the move after the fact. This is because they do not want to get it wrong to save their reputations. So trust your judgement and analysis. Always think alternatively.
So these are the levels that you should be watching on BTCUSD.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Fcpanalysis
Dollar: Is A Massive Drop Or Bear Trap Coming?Traders, Dollar has gained very bad reputation in last few months which has been fulled by media reports, blogs, videos and whatnot. But that is the beauty of financial markets. They are never Black and white. An analyst must overcome their own bias and try to think alternatively and objectively.
So a trillion dollar question is: Is Dollar dying or it is creating a bear trap?
Every one seems to think and know that it is dying. That makes the market black and white. So to add a shade of grey here, what if it is not dying and actually creating a bear trap? That changes a lot of things right? :)
So In this analysis and in my previous one I have tried my best to warn of all those possibilities. I present you all possibilities.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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SnP500 (SPX500) Beware Of This Month Closing -Important Update!!Traders, SnP500 seems to be breaking out at the moment on the monthly chart. But for that to happen it needs to sustain its position above 3589 level which is the last high. If this month closes below this level the the SPX500 index will be at the risk of falling further down. This month's closing is very important. So watch it. Also beware of similar scenario on DollarIndex (DXY) as below:
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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US30 (Dow Jones) Double Top Formed, Ready To Fall To This ZoneTraders, Dow Jones has formed a double top. Not if the mid point of this double top is broken it is expected to fall to the FCP (Fibonacci Confluence Pattern) zone. Given that we are reaching December and a new year, markets can very volatile. So make sure that risk management is intact.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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BitCoin Falling From The Fibonacci Confluence ZoneTraders, Bitcoin has ultimately taken a bit of correction. This may still try at least once more to go back up but so far this is the first time it is falling and that too from our FCP (Fibonacci Confluence Zone).
Lower zones are my targets on the longer term. Remeber anything can happen in the markets. If Bitcoin can go up 70% without taking a break, if USOIL can go negative then BitCoin call fall as well to those downward targets and beyond.
Here is my previous idea.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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EURUSD Can Rise Much Higher To 1.2138 Level (Longer Term)Traders, this is a long term view of EURUSD. If the level of 1.18181 remains as a support for the price, this pair can start to move upwards for a final journey. The FCPZone (Fibonacci Confluence Pattern Zone) above has 1.21 round number and few important fib levels which will become a great target for the market. But for that to happen EUR will have to go through 1.19750. Next month and the start 2021 will be very interesting as there will one final push before a shift IMO.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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USOIL (Crude OIL) Is Targeting USD 50 ZoneTraders, USOIL is now breaking out and can reach a high probability FCPZone around USD 50. That is where I will take profits on my long position and plan for a short based on one of my confirmation techniques.
As weekend, month-end and even year end is approaching, be careful with your trades. Manage your risks.
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Take care and trade well
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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SNP500 (SPX) Upper Target Has Reached, Next PlanTraders, SNP500 has reached our target of 3656 and now it is falling. I am short biased on this now but there can be one last push higher. If comes above 3656 then we will look for short trade opportunity in the FCPzone (Fibonacci Confluence Pattern Zone) around 3700. Else the next target is 3600.
As this is the last week of the month and that too a short one due to Thanks Giving, be extra careful.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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US30 (Dow Jones) Reached All Targets, Now Track These LevelsTraders, US30 (Dow Jones) has reached our target of 30200 ultimately. We analysed this few weeks ago. Now I am expecting this market to fall. These levels (horizontal lines) are still very important and valid. I will treat these as support and levels for further shorting opportunities.
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Dollar (DXY) One Last Move Before Huge Moves Upwards?Traders, Do not get fooled by media reports on the dollar. Always think alternatively. DXY is reaching a point of huge reversal. This FCPZone (Fibonacci Confluence Pattern Zone) has potential of pushing the Dollar upwards.
Dollar at the moment is at a crucial point. It can reverse upwards any time but this FCP zone is much better place to look for a reversal.
Remember this is the last week of the month and that too a short one due to Thanks Giving. So there will be a lot of volatility. Be careful on the positions that you will open. Have a solid risk management in place.
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Take care and trade well
-Vik
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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Gold (XAUUSD) Important Key Levels To Watch Out ForTraders, Gold hit our target of 1839 yesterday which we identified in August 2020. Now it can have a little bounce form here but our bias still remain short from the higher time frame.
These are few very important Levels to watch out for plan Your Long & Short Entries and taking profits.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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Gold Reached 1839 First Profit Target On The Long Term ShortTraders, Gold today finally reached our first profit target level for long term short. At this level, we can expect gold to move higher but as it is month end and soon year end is coming I will be extra cautious in taking a long positon. On the higher time frame, there is still a strong possibility of it going down. So we need to be extra cautious.
Horizontal lines are support/resistance and important levels. At these levels we can take profits or start new positions based on the confirmations.
Attached are the ideas which will show more in depth analysis of gold.
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-Vik
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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BitCoin Extended Pattern & Zone - Possible Correction/Reversal Traders, This FCP (Fibonacci Confluence Zone) has 3 different important factors in it. This FCP Zone is something to watch out for. Remember anything can happen in the market so always wait for a confirmation before taking any trades. If it starts to fall around this zone we have 2 possible fibonacci confluence based targets to watch out for to start with.
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Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
GOLD (XAUUSD) More Sell Off? Important Levels To Watch Out ForTraders, Gold took a nose dive and if you look closely you will clearly see funds and banks selling gold when large red candles have formed in last 3 months or so. They are trying to reach a particular level and they are doing it in steps.
But as great traders do, we come up with plan for both bullish and bearish entries. These are the levels that we are watching in both cases. At these levels we will be taking trades based on one of our valid entry confirmation techniques.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
AUDUSD Important Levels To Watch Out ForTraders, These are the important levels to watch out for. The If we get a confirmation based on one of our valid methods to go short or long at these levels, we can take them. The FCP zone is a high probability Fibonacci Confluence Pattern zone.
Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)
BitCoin Reaching Its Top? What To Look For In A Correction...Traders, BitCoin (BTCUSD) had an amazing gravity defying rally in last few weeks/months. This is true sense has been a parabolic move. However there are now growing chances of a correction.
On monthly time frame a W pattern is about to complete between 16280 and 17000. This is a high probability Sell Fibonacci Confluence Zone with multiple fibonacci levels from multiple time frames coming together. This is where I will be looking to take profits on long and plan for a short.
If it starts to fall from this zone the next approximate zones for the correction to reach will be around these levels. If one zone is broken then the next will have high probability of reaching. These zone can also act as new levels to take profits on short positions and go long again based on your confirmation techniques.
Target Zone 1: 13500
Target Zone 2: 11500
Target Zone 3: 8300
Target Zone 4: 6000
Stay safe and trade well
-Vik
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#DXY #Dollar What's Happening? - Full In Depth Top Down AnalysisTraders, In this post we are looking at multitime frame analysis of DXY (Dollar). Dollar seems to be losing it strength right now in US Elections time but always keep an eye on the bigger picture. It is always the bigger picture that Institutional traders and banks are looking at. Expand your vision and do multi time frame analysis to see where we have bearish and bullish opportunities. Then simply go with the flow of the market. DXY (Dollar) in the medium to long term can still be bullish especially in the new year. But for now there are good bearish set ups available to us. We also have bullish opportunities. However these are little uncertain times so whatever you are looking for, make sure that you have a confirmations before you trade.
Have a great trading week. Stay safe and trade well.
-Vik
#BTCUSD #BITCOIN Hype Free Pure Technical Analysis & ForecastTraders, in this hype free pure multitime frame top down analysis we start from 1 year time frame all the way down to 4H to see what is happening what are the important levels. We also learning about important fibonacci concepts. Bitcoin is bullish but it right now in a supply zone along with an FCPzone.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#AUDUSD Important Levels To Watch Out For - Trading Plan UpdateTraders, these are are important levels to watch out for the next week based on multi time frame analysis . I more bearish biased on AUDUSD . I will be looking for a confirmation for entry for both long and short positions. I will favor my bearish positions more.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#EURUSD Important Levels To Watch Out For- Analysis UpdateTraders, these are are important levels to watch out for the next week based on multi time frame analysis. I more bearish biased on EURUSD. I will be looking for a confirmation for entry for both long and short positions. I will favor my bearish positions more.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#DXY #Dollar Complete Top Down Analysis, ForecastTraders, Here is our multitimeframe analysis on DXY (DollarIndex) . Dollar is falling because it could not close above last month's high and this sort of bearishness was expected. Lets see what sort of moves it can make.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#Gold Moved Up As Expected - Trading Plan For The Next Week Traders, Gold went straight to our FCPzone and started to react to go to the downside. We were able to capitalise on this move by taking good short trades for day trading. This move in past week can be considered as a pull back into a previous resistance/consolidation zone. This pull back upwards was also expected because of completion of an FCP "M" Pattern.
Follow the arrows for trade plan and management.
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The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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#NATGAS #NaturalGas Is stuck between zonesTraders, #NATGAS #NaturalGas Is stuck between zones but has good day trade or short term opportunities on both long and short. This is our last analysis and it is still valid. We are trading between these zones and levels.
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Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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