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**#Bitcoin Update – Saturday, 26.10.2024****As-salamu alaykum and Good Morning to All Brothers and Sisters,** This week, #Bitcoin has shown a mixed performance. It started strong on Monday with a successful retest of the daily retracement point (Arrow #4) and bounced back perfectly. However, towards the end of the week, Bitcoin faced rejection at the daily resistance level (Arrow #2). Despite this rejection, the weekly candle still managed to close above the daily support (Arrow #3), keeping hopes alive for a potential rally. **What's Next?** Now, Bitcoin's price is moving within a key range between 67,891 and 66,000. These levels will be crucial indicators as we head into next week, potentially revealing the price's direction. If the price breaks below the daily support (Arrow #4), it could drop further to retest the next daily support level (Arrow #6). Conversely, if it attempts to break past Arrow #2, we may witness a strong upward move, possibly setting the stage for another rally. **#Altcoins** Currently, #altcoins are in a volatile and uncertain state. Each time Bitcoin surges, Bitcoin’s dominance also rises, meaning funds are flowing out of altcoins. With Bitcoin's dominance gaining strength, altcoins remain highly volatile and less secure as an option. Until Bitcoin approaches its all-time high, altcoins may not be the best play. For now, it’s wise to focus on Bitcoin's movements before committing to new alt positions. Stay tuned for more updates, and as always, I wish you a profitable and successful week ahead. Let’s stay focused, optimistic, and ready to make the most of the opportunities coming our way. Have a fantastic day, and may it bring success to all!
Long
by MoonTradingForecast
"Is Gold Ready to Break $2,800? Key Levels and Signals for Next "Gold's Week Ahead: A Quest for $2,800!" Overview: As traders eye the potential for XAU/USD to reach the psychological level of $2,800, let’s dive into the technical and fundamental factors that could drive this movement. Key Points: 1. Current Price and Trend: - XAU/USD is currently trading at approximately $2,747.70. The recent upward movement suggests bullish sentiment as it approaches resistance levels. 2. Technical Analysis: - Chart Patterns: Highlight any relevant patterns, such as a bullish flag or ascending triangle, indicating a potential breakout. - Support & Resistance: - Support: $2,700 - a key level where buying interest has historically emerged. - Resistance: $2,800 - a crucial psychological barrier to watch. - Indicators: Use the RSI to illustrate if XAU/USD is nearing overbought conditions and employ moving averages to show the current trend direction. 3. Fundamental Drivers: - Economic Events: Mention any significant upcoming economic data releases (like inflation reports or central bank meetings) that could impact gold prices. - Global Factors: Discuss how geopolitical tensions or changes in monetary policy could sway investor sentiment toward gold as a haven. 4. Market Sentiment: - Share insights from forums or social media on how traders are positioning themselves—are they bullish or bearish on gold for the coming week? 5. Engagement Question: - Poll: “Do you think XAU/USD will break the $2,800-mark next week? Vote below!” Conclusion: Encourage readers to follow your updates on XAU/USD, emphasizing that you’ll keep them informed about the unfolding market dynamics. Use enticing language to invite them to share their views and analyses.
OANDA:XAUUSDLong
by Magicianforex
Friday Market Analysis and SignalsGold rose first and then fell, and the market fluctuated widely. Today, we will continue to see wide fluctuations. The hourly chart forms a consolidation triangle range adjustment. The hourly and four-hour moving averages are glued together, and the RSI indicator returns to the central axis and flattens. At present, the market will maintain this oscillation pattern for the time being. Let's look at the 2715-2745 range for the day. Gold is now starting to build a top at a high level, and the bulls are limited. Gold will start a new adjustment at any time. Gold rebounds and continues to be short. Gold rebounds above 2745 in the Asian session and goes directly short! The market is not simply going to chase long when it rises, and going to chase short when it falls, nor is it going to buy the bottom when it falls, and touching the top when it rises. Trading strategy: The 1-hour moving average of gold turns downward and is about to form a dead cross. If the moving average of gold forms a downward dead cross pattern, then the room for gold to fall will be further opened, and the decline of gold may have just begun. We will sell gold near 2745 in the Asian session. Sell high and buy low in the 2715~2745 range.
OANDA:XAUUSDShort
by Jun-goldFX
October 24 Bitcoin Bybit chart analysis Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is a Nasdaq index announcement at 9:30 and 11:00. As I left in the comment on the analysis article on the 23rd a little while ago, From yesterday's long->short->long switching position, I moved the purple finger long position to $66,775. Due to the Bollinger Band 12-hour chart support line touching alone, (12+ not a daily pattern. The mid-term pattern is broken) The daily chart MACD dead cross is holding it down. Because there are many parts that are not good for an immediate upward trend, There are too many branching points at the current position, I thought about it a lot. The result is the same strategy as yesterday. I deleted all the ambiguous positions in the middle. *When the blue finger moves Bidirectional neutral Short->Long->Short switching strategy 1. 67691.5 dollars short position entry section / Pink resistance line breakout or Top section touch stop loss price 2. 66835.5 dollars long position switching / Purple support line breakout Or Bottom section touch stop loss price 3. 68498 dollars short position switching / Orange resistance line breakout stop loss price Or Good section touch stop loss price (Because there is an ambiguous support resistance price in the middle The stop loss price goes clearly into two cases.) If the strategy is ultimately successful, I will aim for the long position switching position after tomorrow. And currently, the MACD dead cross imprint on the daily chart is important. 1) Daily chart resistance line touch -> Ignore dead cross 2) Sideways dead cross imprint possibility 3) Downward and adjusted dead cross 100% imprint) Even if it ends sideways today If there is a rebound tomorrow, the daily chart MACD dead cross It seems like it will be harassing until tomorrow The most important part is Ignoring the *pattern and Nasdaq's ignorant coupling Or a normal mid-term pattern recovery (6+12 retouch or 12+ daily chart). In my experience, since there were many couplings after the unique pattern of the beat was recovered I think it will shake a lot today and tomorrow So, each position should cut losses and fasten their seat belts. Up to this point, I ask that you simply use my analysis for reference and use only. I hope that you will operate safely with the 6 principles of trading and the cut-off price. Thank you for participating and reading today.
BYBIT:BTCUSD.P
by BitCoinGuide
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