Update: Crypto Total Market Cap long-term-viewUpdate: Crypto Total Market Cap long-term-view
Ignoring the Corona Panic phase with emotional sentiment we saw repeating patterns of the different market phases
Follow that TA we are in the Bear Market phase - in this phase we always saw an A-B-C correction
That might lead to a new lower low before next phases start - not a must
What are your assessments on that chart?
*not financial advice
do your own research before investing
Long-term
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XAU(GOLD) Longterm PredictionHi everyone
hope you have good moments
i have an longterm idea on GOLD according to price action levels
and Elliot Wave Analyze.
first lets look at Wave analysis.
we can see above an impulsive wave that seems to be ending.
and after that we expect a deep ABC correction for this compelete cycle.
i show this ABC in my chart.
there are another possible shapes for this ABC but i illustrate one of them above.
after that lets go to keep an eye on price action.
GOLD bounces from 1680 support strong with 2 candlestick patterns:
1)bullish engulfing
2)bullish harami
so we expect to grow approch 1790 resistance first.
probably after that we will see a correction again (WAVE B) and then break this level
toward 1860 resistance.
this level is the end of wave 4 from prior impulsive wave
and the level 50% retracement of impulsive 5 wave too.
with a deep look we see 200 day Moving Average around this level.
so if something unnormal dont happen , we see this level soon.
notice that interest rate set to 0.75 upper to 2.5 and the market price this rate before.
and seems inflation peaks and will be go down in front months.
dont forget to manage your risks.
our first duty is protect our capital after that we think about profits.
thank you all for reading my opinion.
tell me your criticism in comments and i will be happy.
USDJPY CONTINUATION TRADEPair: USDJPY
Timeframe: 1H, 4H
Analysis: Round number level, trend line, volume profile, support bounce, trend channel,
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Key Takeaway: We need to see bounce off these levels and strong bullish momentum
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Level needed: Need to see price hit 136.750
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Trade: Long
RISK:REWARD 1:4
SL: 25
TP: 100
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long Energy Web Token(EWT) vs BTCEWT has been accumulating against BTC for almost a year and it looks like it's time for expansion.
Monthly support is holding and it is still in a range, but with upcoming big news and staking this month, I think EWT will show it's true potential in the upcoming months.
On of the fundamentaly most undervalued coins out there.
Target is almost 10x against BTC and that is a big deal, but EWT is made for big things.
This is a long term buy, the chart needs to retraceThis chart will make Buy Side liquidity, take stops out before plummeting down. This is a necessary 6.15% retracement to the downside, Risky trade as Nas doesn't usually retrace and trend is generally bullish. Would add more margin after the trendlines all break to the downside. #Nasdaq #Nas #Bears
GJ floating on space, No gravityInflation will keep continue burning in UK while BoJ keep the rate on rock bottom. Technically speaking, the rectangle break on month chart is confirmed. This will continue hunting for the long term target. Remember, the fundamental carry trade trading mostly works on Risk-on mode. Especially when u dealing with yen.
Longterm Bitcoin ChartWhile I'm looking for dmi - to reach certain extremes before I feel comfortable claiming reversal is imminent, this old chart implies we could have already tagged the bottom. There's the caveat of the dmi, and if there is another drop, I'd think it would be around ...maybe the 21st, give or take a day. I don't think you're supposed to try to time it cuz you end up looking foolish, I guess. Maybe btc hits 24k first, and if it breaks that...might just be green light to 30k.
S&P where is heading to?After the strong employment data last week, with stronger inflation! where stocks is heading to?
Earning season will be key, not due to quarter earnings themselves, but due to the earnings and sales forecasts in the near future.
SP:SPX
NASDAQ:NDAQ
DJ:DJI