Predictions
BTCUSD Trading Plan (Short Term)BTCUSD is back in popularity, so why short it? From technical analysis it can be judged that the price is in the dump of the supply zone, and entering a trade at this price level is worth risking for, although the risk-reward is relatively low, but the win rate is high and the risk is manageable. How would you set up your plan? Leave a comment in the comments section.
The link at the bottom checks my trading plan.
Possible ADA small breakoutCardano finding a cozy support zone at 1-1.05. Seeing this has been it's home over the weekend , I'm seeing a possible break to 1.10 -1.15 to test new line of support. Be prepared as this just may be a check to see if there is enough room for Cardono to move into. Possible to retrace to .98-1.00. Things are indeed looking hopefull.
XAUUSD upward factorsThere are a number of factors that have emerged to trigger a rise in XAUUSD, the most likely one being the growing tensions along the Ukrainian border. Gold has attracted investors as a hedge against volatility. Russia's invasion of Ukraine would certainly be an event worthy of triggering potentially huge uncertainty in the market - and traders hate uncertainty. The impact of the Russia-Ukraine situation on gold is simple: if tensions increase, gold could be boosted, and vice versa.
Another factor is that a hawkish Fed directly threatens market sentiment leading to a sharp deterioration in global risk appetite and a wave of selling, which is expected to cause panic later. Of course, smart investors in the market already have ways to deal with this, and those rich and powerful will never lose but will make more money from it.
Triple top Bearish for ChainlinkAnother drop for chainlink in the next day or so. Take your profits and buy something nice for Christmas. Looks like it will hit at the $15 range or if the support hold we can be testing $20-$25. Just a guess as I'm not a Psychic. Just a study of patterns, I'm no Stock guru by any means. Good luck either way.
BTCUSD if there is no recovery waveWithout a recovery wave above $44,600, BTCUSD will likely continue to fall. For now the price will swing back and forth around the $42,000 pivot point and the shorts are still active. BTCUSD price will expose more shortcomings if it fails to recover to higher price levels and we have reason to believe that the short-term price action will be less than ideal.
Possible scenarios
1) Price rallies to around $44600 and we choose to go short with a target of $35000-37000;
2) Price drops quickly at the pivot point of $42,000 to around $37,000.
earlier analysis
ETHUSD price bounce to test resistanceWith prices falling to the $3,000 round number mark, market sentiment is overly optimistic and many traders are expecting a significant rebound at this price level to turn the tide. While the market tends to be optimistic, I always remind myself to be cautious because only 5% of people (who trade by experience) and 15% of machines (who rely on quantitative trading) can win the remaining 80% of the chips.
XAUUSD V-ReverseDespite the Fed's compliance with hawkish expectations, XAUUSD prices were not affected by this after the meeting, but gradually climbed to the previous price high, a situation that greatly discouraged the bearish. In my previous analysis mentioned several support levels were retraced to test the validity of the support. Now that prices are once again preparing for an upside breakout, will this V-shaped reversal scenario be strong proof?
Possible scenarios for NVDA stock priceEarlier analysis posts
The stock is moving as predicted and the first resistance level in the chart is working.
The stock is now testing $270 for the third time and I have subsequently updated the chart to show my latest findings.
Profitable strategy
Sell NVDA220114C245000