BTC Power Law + Fear & GreedBTC made ath already, maybe now is time to go down to 50,000 and touch support before we try again? What happens 11.11?
Made
GOOGL, still another 30% to be had!GOOGL is a mature stock and tends to be very respectful of fibs, previously it was able to run up to the 5.618 fib of the 2009 crash (pretty much to the dollar) prior to the COVID crash. Assuming a similar outcome GOOGL still has room to run up to $3937 before a correction back to its current levels around the 3.618 fib.
Big picture analysis on BITCOIN! (Over 100k)What is up my Tradingview family! as you know I have been posting bearish charts on Bitcoin in the short term but today I would like to share with you what is happening in the BIG PICTURE.
When I saw a short term correction coming I took profits and reduced risk HOWEVER I never EVER sell 100% of my position on Bitcoin because this is simply stupid considering the big picture trend.. Its better to sell 20% - 30%.
BTC
ETH
I am now in a very good place with a good chunk in the markets and USDT that I have been steadily deploying (AVG DOWN) back into the dip. This is compounding my portfolio!
In the short term a correction could be over OR it could still see one more sharp leg down. (this is why your AVG back into the market) when you sell into FOMO its very nice because the worst case scenario you buy back near or below the price you sold - the best case scenario you buy everything at MASSIVE DISCOUNTS.
In the big picture I expect Bitcoin to reach $90,000 - $100,000 then proceed to FOMO to $230,000 and potentially $250,000 per coin.
This cycle is a repeat of the 2013 2014 cycle (in fractal nature) but can easily FOMO even higher than that one did.
Stay profitable!
First XAU tradeHey, as you can tell from my title I'm new to the fam but I'm feeling gold and I'm feeling good.
My confluences for this trade were firstly, I noticed that price was rising on a bullish trend. As you should know if you're a gold trader that gold trades in levels. Right now gold is testing around the mid major level. Secondly, I drew my market structure just under the mid level for possible retest which occurred. Thirdly, I noticed that 3 bullish rev. signal candles tested the market structure. which indicated to me that price wants to continue in the uptrend. Don't get me wrong though, price is going to turn around in a major sell soon. I said what I said.
-bri
Elevator Ready To Go UpstairsThe pair has dropped for the whole may, and the price is currently sitting on trendline support where also daily 200 ma is located.
It's also currently bottom for the channel and bulls could take the dominance from these levels.
There are few "roadblocks" for the upside movement naturally, and the first one is on the 1.83 ish where the decision for the trend is to be made. If the bulls are successful with capturing the 1.83 and pushing through the resistance probability for the wick fill located at the 1.85 is likely to happen.
Happy and safe trading!
At Least 100 Pips Correction ComingYen has been steady, and when it's strong, the ride feels like never-ending. However, the price has arrived in weekly 61.8 fib, which suggests that some correction will happen.
The overall trend, of course, is bearish that's clear as blue sky, but I'd see price correcting at least 100 pips to top of the channel before it's clear which one is dominating from that point.
I will play this one safe with 30 pips stop loss and targeting to 137.900 ish, giving the slightly over 3:1 RRR.
breaking breaking the 0.8421 zone in 1 hr and 4 hr chart makeing new trend if it revers to Re-Test again .8421. am looking to word 0.84600 as a target.
