XAUUSD TECHNICAL ANALYSISBoth Monday and Tuesday the market witnessed a ranging market between 2309 and 2332 area. today 19th June 2024 the us market is having a holiday so the market may lave low liquidity and may be high volatility.
resistance zone: 2332- 2336 area.
support zone : 2312-2306 area
pivot 2322 as it is an area of high volume trades and also the 100 day moving average passes through this area.
bullish targets:
2332
2336
2342
2348
2355
bearish targets:
2322
2318
2312
2306
2296
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Marketanalysis
BTCUSDT | End of the Downward Movement?Market Context
Are we finally seeing the end of the downward movement for Bitcoin? A compelling scenario is unfolding!
Chart Analysis
Bitcoin has been holding strong at the 65K support level, which might be the springboard we need to shoot towards 70K and beyond.
Key Indicators
• Strong Support at 65K: Despite recent volatility, BTC has maintained its ground at 65K, indicating robust support.
• Potential for 70K: With the current momentum, aiming for 70K is a realistic short-term target.
Strategy
Let’s ride this wave! If BTC can break through to 70K, we might be looking at even higher gains down the road. For now, our target is 70K, and we’ll reassess from there.
Action Plan
I’m going long on BTCUSDT, targeting 70K. This could be the start of an exciting upward journey—let’s see how it plays out!
BTCUSDT | Potential Bottom for Now?Market Context
Is this the potential bottom for Bitcoin? Let’s dive into the current situation.
Chart Analysis
Yesterday, I speculated about a push up, and today, it seems we might be at a temporary bottom for BTC.
Key Indicators
There are several signs pointing to this being a potential bottom:
• Failed Push Down: We attempted to break through 65k but were quickly pulled back up.
• Strong Support at 67k: Yesterday, we saw another pullback from 67k, indicating strong buying pressure.
• Bullish Fundamentals: Market fundamentals are suggesting a move higher.
Strategy
Given these factors, I’m not convinced we’ll see 60k again soon. While there’s always a possibility, the current indicators suggest we might move higher from here.
Action Plan
With a solid risk management plan in place, I believe it’s a good idea to try going long today. Let’s see if this bottom holds and we get the expected push up!
Stay tuned for updates—this could be an exciting move!
LQTYUSDT | Ready for a Move Higher Today? LQTYUSDT | Ready for a Move Higher Today? 🚀📈
Quick Analysis
Today’s quick take on LQTYUSDT—this could either be a quick loss or an amazing profit! Here's why:
Market Context
Is BTC bottoming out? Hard to say for sure, but today seems like a good day to bet on a small rally to give folks some hopium before any potential downturn.
Chart Analysis
LQTYUSDT is following a similar pattern. I’m expecting a breakout today, revisiting higher prices.
Strategy
Yesterday's bullish close, despite being a Sunday, aligns with signals from BTC and other altcoins suggesting an upward move. ETH’s significant jump on Friday adds to the optimism.
Action Plan
I'm going long on LQTYUSDT with solid risk management. Let's see if we can ride this wave up—stay tuned for updates!
S&P Tug of War Continues as Market Seeks ClarityLast week marked some of the most unclear price action we've seen. Starting on Tuesday, sellers gradually took control from buyers, but most of the action occurred during extended hours (meaning on VERY low volume). On Friday, sellers finally acted during regular trading hours and attacked the market right from the open. However, it seems buyers were only waiting for this, as the price suddenly pivoted, and the day ended with a spectacular bull run.
At this moment, the market is sending very confusing signals, and the best strategy for a swing trader is to simply stay away for some time. Here's a formal summary of the current situation:
1. Long-term Bullish . The price is in an uptrend on both weekly and monthly timeframes. May closed above April’s high
2. Short-term Bearish . Weekly consolidation is in progress, and despite the bull show-off on Friday, the market is still consolidating on the weekly timeframe. Moreover, the week closed with a bearish "hanging man" candle.
3. Respect Friday’s Bull Run . It was unusually strong for bearish context and could easily develop into something significant.
To develop a convincing thesis, we need to see some clarity on the daily chart. Either bears will confirm a daily lower high, signaling the continuation of the weekly consolidation, or bulls will set a daily higher low, signaling the continuation of the uptrend. Until this happens, we can expect more unexpected moves in both directions without much follow-through.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
BEERUSDT | Will the Sell-Off Continue? Market Context
Is the sell-off for BEERUSDT going to continue? With BTC looking shaky, this presents an intriguing opportunity to short new coins like BEERUSDT.
Chart Analysis
We recently nailed an amazing trade with a 3:1 RR on BEERUSDT. Now, it's time to double down and ride the next wave lower.
Strategy
BTC's weakness is our signal. BEERUSDT has some wicks to close, and this could be our chance to capitalize on a further decline. I'm ready to short and see if we can more than double our gains!
Let's see how this plays out—stay tuned for what could be a profitable ride!
S&P bulls confirm their control; market reaches new highLast week, the Bulls' performance surprised many and some were badly hurt by Wednesday's rally. Followers of this channel, however, hopefully avoided this trap by staying aware that a bullish run was possible given the market's mixed signals. Now, the Bulls have confirmed their control by establishing both a higher low and a new high on the weekly chart. Notably, they managed to maintain this new high into the week’s close.
At this point, my bias is 90% bullish. The only concern is the divergence between price action and market internals. While SPX set a new high, there were less stocks reaching new monthly high than lows. Although this isn’t a strong indicator, it’s something to keep in mind if suddenly things start to shift. But until we see clear signs of seller strength, we should remain aligned with the buyers.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
BEERUSDT | More Downside Ahead?Market Context
BEERUSDT took a significant hit yesterday, and it looks like the bearish momentum is far from over!
Chart Analysis
The daily timeframe is looking bearish after yesterday’s sharp drop. We're currently retesting some levels from yesterday, which sets the stage for another potential push downward.
Strategy
Given the bearish close and retest, I’m expecting further downside action today. Let’s see if the market agrees!
Stay tuned—this could be a thrilling descent!
SCUSDT | Ready for Continuation?Market Context
Is SCUSDT poised for an upside continuation? With BTC rallying on positive CPI data, the stage is set for some altcoins to follow suit.
Strategy
The stars are aligning for SCUSDT, and I'm eyeing a high-risk, high-reward trade with a 6.63 RR. This is the kind of opportunity that can move fast, so timing is crucial.
Action Plan
Entry: 1M chart—be quick!
Let's catch this wave and see where it takes us. Stay tuned for a thrilling ride!
BTCUSDT | New ATH Incoming?🚀 Are we on the brink of a new all-time high for Bitcoin? All signs point to yes, and I need to be in on this action!
Breakout Alert
Yesterday, we broke the trendline of a forming bull flag on the daily chart. This classic pattern break could be signaling a massive move upwards!
Targets
While my exact target is still undecided, there's a ton of liquidity at $72k. Breaking through this could propel the price to an eye-popping $90k without a doubt!
This setup is too exciting to miss. Let’s see how this plays out!
UNIUSDT | Breakout Alert 🚀 Get ready for an exciting move—UNIUSDT is gearing up for a classic breakout!
Volume Surge
With solid volume backing this breakout, we could see UNIUSDT push significantly higher.
Market Conditions
As long as no black swan events occur, this setup looks incredibly promising.
Let’s watch and see how high UNI can soar!
AUDIOUSDT | Volume Surge to New Highs?Market Context
Today, we've seen a slight volume increase in AUDIOUSDT, potentially signaling a move higher by the end of the day. We've broken the previous 1H high and trendline, setting the stage for an exciting run!
Strategy
With the market expected to be quiet today, small tokens like AUDIOUSDT could see quick pump-and-dump action. Let's capitalize on this opportunity and see how it plays out!
Stay tuned—this could get interesting fast!
DOGUSDT | Recently Listed on Bybit Market Context
DOGUSDT has just been listed on Bybit and is currently in a downtrend. But don't let that fool you—this could be an excellent setup!
Strategy
I'm expecting the downtrend to continue for a few more days before we see a significant pump. This gives us a perfect window to capitalize on the current movement.
Let’s ride the trend and prepare for the pump—stay tuned for updates!
FLOKIUSDT | Another Small Correction Downside?🐶📉 Market Context
Are we on the verge of another downside correction for FLOKIUSDT? It certainly looks possible!
Strategy
Friday saw a strong move down, and we usually fill those wicks sooner or later. Given this pattern, we could see FLOKIUSDT dip a few more pips. This setup presents a quick 1.5:1 risk-reward trade—an exciting opportunity to capitalize on the market's momentum!
Let’s dive in and see how it plays out—stay tuned!
BENDOGUSDT | Ready for Continuation?Market Context
Is BENDOGUSDT primed for continuation? The price action suggests it's more than likely!
Chart Analysis
Both the daily and 4H timeframes are painting a promising picture. We've got momentum on our side, and the charts are aligning for a potential breakout.
Strategy
While nothing is ever certain in trading, this setup looks incredibly strong. I'm betting on a continuation and excited to see how this plays out.
Let’s watch BENDOG soar—stay tuned!
IOUSDT | Heading Lower Before the Big Pump?Market Context
IOUSDT just attempted a breakout, but I’m not buying it. Here's why:
Chart Analysis
Despite the recent breakout attempt, the volume isn't convincing. Without the necessary volume, this move seems weak and likely to reverse.
Strategy
I’m expecting IOUSDT to dip lower before it catches the wave with BTC's anticipated pump later this week. This could be a strategic opportunity to short now and buy back in at a lower price.
Stay tuned—this market move could be quite the rollercoaster!
HIFIUSDT | Ready for a Move Higher?Market Context
Is HIFIUSDT poised to climb from this point? It’s looking possible!
Chart Analysis
We recently hit a new low on the daily chart, thanks to a Friday flush. However, this could be the recovery point we’ve been waiting for. Today’s price action hints at a potential false break on the daily timeframe, setting the stage for a rebound.
Strategy
This is a risky trade, but I’m a risk-taker! I’m betting on a bounce and aiming for our profit target. Let’s see if HIFI hits the right notes and moves higher!
Stay tuned for updates and let’s watch this play out!
LEVERUSDT | Ready to Move Lower?Market Context
Is LEVERUSDT set to dip from this point? The signs are there!
Chart Analysis
We couldn't establish a new high on the daily chart, even with decent trading volume. This setup suggests a potential move lower, presenting an exciting quick trade opportunity.
Strategy
With strong volume but failing to break higher, I’m betting on a downward move. This trade could play out swiftly, so let's see how it unfolds!
Stay tuned—this could get interesting fast!
GNOUSDT | Ready for Another Push Higher?Market Context
GNOUSDT has been on a roll with a significant push higher recently, and the momentum suggests we’re not done yet!
Strategy: Buy the Dip
To capitalize on this bullish trend, here’s our buy-the-dip strategy with precise limit orders:
LIMIT Order 1: 353.93 | TP: 389.45
LIMIT Order 2: 341.12 | TP: 352.96
LIMIT Order 3: 329.60 | TP: 340.70
Excitement Ahead
With these setups, we're positioned to ride the next wave up. This could be a thrilling ride, so buckle up and stay tuned!
POLYXUSDT | Testing the New Trading SystemMarket Context
Exciting times as we put our new trading system to the test with POLYXUSDT!
Strategy: Buy the Dip
We spotted a trendline break on the 5M chart and used adjusted Fibonacci levels to set up our limit orders. Here's the plan:
LIMIT Order 1: 0.5169 | TP: 0.5415
LIMIT Order 2: 0.5080 | TP: 0.5163
LIMIT Order 3: 0.5000 | TP: 0.5078
Results
We hit LIMIT #3 and secured a solid 2.53% gain! 🎉
This system is showing promise—let’s see how it continues to perform. Stay tuned for more updates and trades!
GNOUSDT | Ready to Move Lower?Market Context
GNOUSDT recently saw a significant spike in volume, but we couldn't establish a new high on the daily chart. Now, we're consolidating within a trendline on the H4 timeframe, hinting at a possible false break.
Strategy
I’m betting on a move lower. This setup looks like it could play out quickly today, but we might see the downward momentum continue into tomorrow. It’s a thrilling moment—let’s see how this trade unfolds!
Stay tuned for updates and let’s ride this potential dip together!
CRVUSDT | Small Move Higher on the Horizon?Market Context
We’ve got an intriguing setup on CRVUSDT! A bullish engulfing candle on the 1H chart, coupled with a trendline break, could be signaling a move higher today.
Strategy
While the market might be quiet today, this calm could allow smaller tokens like CRVUSDT to make some interesting moves. This setup suggests we could see a nice pop!
Let’s keep an eye on this—small tokens often bring big surprises!
BICOUSDT | New High Soon?Market Context
Is BICOUSDT gearing up for a new daily high? The charts are looking promising!
Weekly Analysis
On the weekly timeframe, we've finally broken above and retested the 20 EMA—a classic signal for a move higher. With altcoin season just around the corner, BICO is poised for a significant upward move.
Strategy
I'm jumping in and longing the market now! The stars are aligning for BICO, and we could be on the brink of an exciting rally.
Let’s ride this wave to new heights!