XAUUSD TradingFriends according to my previous idea (elliot wave) in the weekly chart, we expect gold to fall here for two reasons
Trend line resistance and 161.8% Fibonacci (1972 to 1978)
Now we are at a critical juncture and gold has broken the resistance of my previous pitchfork (1960) and gold may want to experience a higher level where the targets are marked with a yellow line after than we'll have big drop FOREXCOM:XAUUSD
Long-short
GBPNZD POC| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – GBPNZD- trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Bullish OB Support
- Low Volume
GBPNZD’s immediate price action is trading towards a key trade location that is in technical confluence with the .618 Fibonacci and the Bullish OB, allowing for a bullish bias.
The immediate objective is the bearish OB resistance, a rejection here is probable.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, GBPNZD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
Bitcoin heading to test 42k supportWe just broke the low trend around 38k that was coming since November. As you can see on the chart we also broke 200 EMA indicator, giving a long sign.
Currently heading to test support around 42.6k and in case it breakes we can head fast to 45k on a 9.5% profit since this can be just another short squeeze for it to go back to the low trend canal.
Only considering that currently global conflicts won't influence on price prediction. We could go super high or super low at anytime depending on the news ahead. Be careful and don't forget to set your stop limits.
Bitcoin - A brief overview of the main cryptocurrency 28.02.2022Consolidation continues! The price is shrinking between the weekly EMA50 and EMA100.
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
EURJPY POC| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – EURJPY- trading at a key resistance where a rejection is probable,
Points to consider,
- Price action corrective
- VWAP S/R Resistance
- .618 Fiboancci Resistance
- Low Volume
EURJPY’s immediate price action is trading a resistance level that has confluence with the .618 Fibonacci, VWAP S/R and the POC, allowing for a bearish bias.
The 0bjective is the lower support region, exceeding this level will lead to a trend continuation.
The current volume profile is below average, and influx will be highly imminent on the next expansion.
Hope this analysis helps,
Thank you for following my work
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,
35k or 45k ?hello everybody
let's keep it simple!
breaking 39 - 40 k : 45 k is the next target.
getting rejected from here : 35 k is our next target.
we had good volume 2 days ago which showed us if we go more down , more bids sitting to fill !
.....
check my last posts about BTC please, still valid !
.....
Share your ideas with me and let me know what do you think about bitcoin
not financial advice !!!
If history repeats itself, we will see a way lower priceSo far, as I indicated it in previous analyzations, the dump was happening,
However I used to see the lowest on around 28k,
but now I've just seen something extreme: if half of a pattern is being repeating, how would I not consider the other half?
History repeats, no doubt, though the question is which part of the history would repeat and to what end?
Hope everyone is doin well
Good luck
GET READY - is the DJI setting up for a major correction?In this video, I compare the movements of the DJI with the DAX.
There are no predictions here. What I am saying, is to get ready.
Price can move in any direction but there is a 4H ATR trendline indicating that the trend strength is for the south.
As I cannot predict the future, this scenario is only relevant up to the time of posting. The markets can do as they like and prove me wrong.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BTC/USD Wyckoff AccumulationWe have seen Wyckoff Accumulation, and Distribution method used multiple times by Institutional investors/Whales last year. Looks like the same strategy is getting used this time too. 44k-46k is acting as resistance and 33k-35k as support.
Again this is purely theoretical based on historical data. If the same accumulation method occurs, this is what BTC will look like for the next two months.
This is not financial advice; please DYOR
ATOMUSDT Bullish OB| Swing Low| Price Action|Trend Evening Traders,
Today’s analysis – ATOMUSDT – trading at a key support level where a rotation back towards the high is probable,
Points to consider,
- Price Action Corrective
- Local OB Support
- .618 Fibonacci Resistance
- POC Resistance
- Low Volume
ATOMUSDT’s immediate price action is trading at an order block, offering support, this allows for a bullish bias.
The .618 Fibonacci and the POC S/R is current resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, ATOMUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
ETH | Descending Broadening Wedge?Hey, I am observing right now the ETHUSDT chart waiting for a conformation of what will happen but still taking a long trade. The upside has more room up in my opinion if we break below the green line (Support) I will close my trade ofcourse. Shill me also your ideas.
BTC TA 22.02.20Bitcoin is based on channel floor support and static support in the range of 38700 to 39200. If supported in this area, it can rise to the top of the canal and then the range of 41,500. If the static support is broken, the range of 36,500 is the next support.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 20.Feb.22
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do bette
The Question on everyone's mind - SPY - SPX - Which direction?Everyone is waiting on the open like hawks to a prey question is what direction will we take in the weeks ahead
could this WWIII be a hoax like covid?
or could this be the real deal that wipes the slate clean...
AMEX:SPY
SP:SPX
AMEX:VT
AMEX:VTI
AMEX:VOO
AMEX:XOP
AMEX:XLE
AMEX:DBA
AMEX:XLF
BTC Three scenarious I am watching at!Hey, you dont have to do a trade now and fomo in you can also just take some time and watch out at what is going to happen don't be scared to miss out something. There are a lot of oppurtunities you can take advantage of. What I had to learn was not fomo in something just because it went up. A lot of people that were bearish saying BTC will go down to 20k are now super bullish just stay neutral without emotions. Observe the market because everything can happen, if you think like that you will see what is really there and not what you want to see. I am still learning to get better at it.
Let me know what your scenarious are.
If you buy stocks, use STOP orders!If you buy stocks, use STOP orders.
Don't ride the submarine to the depths of the ocean. If it's a submarine, you want out! Not because the submarine may come back to the surface for oxygen, but because a submarine can stay under for a LOOOONG time, or it can sink (which you don't want). So instead, the goal is to avoid the submarines and to try to ride dolphins...and then hop onto a hot air balloon, that then brings you to an trans-orbital ship that brings you to the international space station. From there, you want to hop into a space shuttle ship that will take you as far as Mars. From there, you want to hop out and hitch a ride w/ passing by aliens, and ride w/ them to another galaxy.
Each of those levels, use stops! Careful that the dolphin isn't on LSD and swims you down to the submarine or to antarctica. Don't let the air balloon drop you back into the ocean where you may hurt the dolphin. The trans-orbital rocket can easily explode. And don't let the international space station explode w/ you in it...you will be stranded in outer space and freefall back onto the top of the hot air balloon. Be weary of the space shuttle ship flying on the wrong course into the sun (that is oblivion). And make sure the extraterrestrials are headed in the direction away from earth.
Do I have any stocks that are in orbit or in outer space or on their way out of the ocean. No. So take what I say with a tub boat overflowing of salt. But, conceptually, what I said ought to be the real goal. Long term investing but playing it w/ smart, protective tools to ensure that we stay away from submarines. The main goal really is to avoid submarines. Anything else is bonus.