Bitcoin UpdateHey hey,
Bitcoin finally managed to reach the top of the channel again and finally seems to have broken out of it.
The weekly chart provides a better view since we've now had 2 weekly candlesticks close above the upper channel line.
It's clear that price is now consolidating just below the $70k psychological barrier and it seems to be only a matter of time before we're slashing through and continue towards the ATH level.
I have really started to like looking at the BTC ETF flow data to combine it with the technical view and again it adds up to a positive scenario.
Net inflows have increased to a new ATH and have grown by 20% since my last update exactly a month ago in our community.
The coming week will evolve around the elections and I don't expect a significant move until the election outome is clear.
Overall, my picture is bullish but it comes down to the elections this 5th of nov.
SMC-ICT
Gold Out LookAs we had a rally upward last week and got tons of Profits following Technicals as well as this week is concerned still bullish in GOLD
Confluences
Price is following a bullish channel and show some rejection from channel last week
50 SMA on H1 is also bullish
From Monthly to weekly to daily to H4 to H1 to M30 to M15 gold is all bullish
Geopolitical situations are also in favour of Gold price as Iran and Israel tension has escalated last week closing we can see a rally upwards
So gold is bullish and we are too bullish on Gold if Price breaks above 2752 level of previous ATH it will go bullish to its physiological level
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 32,80376$
Wish you good luck in trading to you all!
Gold Buy or SellThis week we had alot of ATH's (All time high's back to back
Technically as Gold was in Bullish trend so we hace witnessed these also due to geopolitical tension we have seen these New ATH as investors have invested in gold now we are expecting a drop as tension in middle is losen up and drop can be seen in near times
We have a level over 2749-52 level which is fibonachi extension level so we are bullish over gold but a bearish move can be seen after 2749- 52 resistance level if we witness a rejection over there
Gold OutlookFor tomorrow gold we have a different prespective over gold as lastly we had a rally upwards with good profit margins to bullish trend now as we have seen a New ATH and now we are expecting a Bearish move from New ATH (all time high) to Previous ATH, here one thing i want to mention is we are still bullish over gold from Monthly to weekly to daily to H4 to H1 and we expect a bull run in next week
EURUSD sellPreviously i was totally buy baised but now as i have observed the pair from weekly to daily to 4H to 1H we are seeing a downward 👇 move in the pair also the confluence is 50 SMA which is above the price also we have a support level down there at 1.0884 price level if price breaks below 👇 we will see a heavy downside move in the pair also the confluence is from H4 to H1 we are experiencing a falling wedge pattern which indicates price will soon fall after break below
DXY sellUS dollar had a blasting week this time now as we have traded its upward rally now its moving towards its resistance level where from it will be moving downward rally👇 from its resistance level on H1 we can see a Fair value gap under the price rallied so we will be bearish until it fills its GAP now if we talk about H4 and Daily price is bearish from Daily Time frame so we are bearish this time until fair value gap
GBPJPY buyBritis pound vs Japanese Yen is has completed its downward 👇 rally now price is going towards its Support level first it will take support then will start rally upwards to its Resistance level as we can also see price is pretty much consolidating inside support and resistance level of 1H so we will be deciding its direction upwards as SMA 50 on 1H is showing its gj will go down so we will wait until break above of the range
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week
As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow
Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1
Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames
Wish u luck
TESLA SWING SHORT|
✅TESLA is about to retest a key structure level of 271.58$
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GbpJpyGJ will fall to its weekly support level as Japanese yen has got back its power last week and is trying push British pound to its lower levels so we will be seeing a downward move in the pair and we have sold it to our support level trader may see a pull back over to its Previous support became resistance level and then a fall to its weekly support
Thanx
SPY Short From Resistance! Sell!
Hello,Traders!
SPY went up sharply
But has hit a horizontal
Resistance level of 565.22$
And despite the fact that
We are bullish biased mid-term
The ETF is locally overbought
Thus we will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
US100 19.220.6 +2.21% + S&P 500 MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at MULTI TIME-FRAME ANALYSIS on NAS 100 & S&P500.
NAS100 WEEKLY TF
* 2 WEEKS bearish run delivering from the -FVG On the NAS100 & S&P500 from the weekly might have just ran its course.
* With the week opening on a bullish run, looking for that monthly FVG TO HOLD.
* Looking for a bullish week close and continuation with the bulls.
* with a -FVG & -OB looking for a small reversal possibly short term but overall bullish.
* Because The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100 & S&P500.
ON THE S&P500 M & W
* The setup is clearer or price action is somewhat cleaner.
MONTHLY
WEEKLY
DAILY TF
* Looking for violation of the daily FVG.
* To confirm bullish continuation
*S&P500
4H
* still bullish on NAS100 Trend cont. favored until otherwise price shows some significant bearish moves.
* otherwise choch + for bullish moves
* looking for a bounce of + OB
SENTIMENTS THE SAME ON THE S&P500
1H TF
* Sentiment remains, remain bullish unless otherwise.
* Probably be looking for LONG OPPORTUNITIES otherwise, We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!