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Technical-indicator

Catching the Wave: BFIC/USDT Trade SetupWelcome to my trade idea for BITMART:BFICUSDT (BFIC/USDT), where I aim to capitalize on technical signals. For our entry strategy, we have identified two potential points: First Entry: Our initial entry point is at 9.8115. This decision is supported by a bullish 1-hour FAIR Value Gap (FVG) signal. Second Entry: We will consider a second entry opportunity at 9.5002. To mitigate risk, our stop-loss (SL) for both entries combined is set at 9.1682. Additionally, it's advisable to practice dollar-cost averaging (DCA) if the price retraces to 9.2716, further minimizing potential losses. Regarding our target price (TP), we're eyeing the all-time high (ATH) at 39.9. While it's natural to anticipate when this level might be reached, it's essential to remain flexible. You have the option to take profits before the full TP is achieved, ensuring you lock in gains along the way. In summary, we're riding BFIC/USDT with technical finesse, keeping our eyes on the charts. Stick to the plan, stay flexible, and let's ride those waves to profit town! 🚀📈 Like (boost), follow, comment and share this idea!!! For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
Long
by smarttrader012
BITCOIN MOVE UP OR DOWN? WHAT'S NEXTThe current Bitcoin (BTC) price stands at 51,668, and there is an attempt to surpass the resistance at 51,800. If successful, BTC is expected to climb to 52,500, with the subsequent target being 53,200. Conversely, a failure to breach the 51,800 resistance and a drop below 51,400 could trigger a sell-off. In this scenario, the first sell target is set at 50,600, followed by a potential decline to 49,000 if market conditions do not support sustained levels. It is crucial to closely observe the market for any indications of a breakout or a change in established patterns.
Short
by sheikhhamza306
4
Gold Price After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it. • Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
OANDA:XAUUSDLong
by Doolz-Lebanese
1
Gold (XAUUSD) Update Next Week 18-22 Dec23 The market seems poised for a period of consolidation, suggesting a sideways movement before a potential directional shift. During this phase, support is anticipated around 2010 - 2007, and a retracement could lead to a brief upside towards the resistance at 2028 - 2030. The market currently aligns with a green chart pattern, showing a possible resistance followed by a descent to 2000 - 1995 for Target 1, and further down to Target 2 at 1975 - 1960. Other side, If market successfully breach its resistance levels of 2030 - 2033, as indicated in the buying zone, an upward trajectory is likely possible. This could result in reaching the Target 2050 - 2060, with a subsequent move towards 2090. Monitoring the market closely is crucial to identifying whether it will adhere to the consolidation phase or exhibit a breakout in either direction.
OANDA:XAUUSDShort
by sheikhhamza306
The Impact of Economic Factors on the Stock MarketHi there! So, I heard that the economy is in a bit of a rough patch because the FED is raising rates, there's some quantitively tightening happening, and there's a potential recession on the horizon due to a supply shock from the Russia-Ukraine war and China's pandemic restrictions. It looks like we might be heading into a recession, which is sooo not good news. The stock market will definitely be feeling the effects if the index falls below its moving average of 200 days. It's not looking great, I have to say. But don't worry, there are still ways to protect your investments. Some technical indicators you might want to keep an eye on include the relative strength index (RSI), the moving average convergence divergence (MACD) indicator, and the Bollinger bands. These can help you evaluate the strength of the current trend and potentially identify opportunities to buy or sell. Also, outside the SPX index there are still ways to further protect your investments. For example, you might want to consider reducing your exposure to risky assets and increasing your holdings of safe-haven assets like government bonds. Just remember to stay positive and keep an eye on the market!
SP:SPX
by jhnes95
#BTC/USDT 1D UPDATE BY Trader_SL #BTC/USD Chart Update 2022/04/13 1D TIME FRAME As you see in the chart, BTC is trading inside a rising channel and currently sitting at the lower level of the channel. In the past scenarios, we have seen BTC bounce many times after hitting the lower level of this channel also we can see Bitcoin now is with hidden bullish divergence So I'm expecting a bounce in the market from this level and making another Higher low. If any daily candle closes below this channel then this scenario becomes invalidated. Let's see. I'll update you. This is not a piece of financial advice. Do hit the like button if you like it and share your charts in the comments section. Thank you!
by Trader_SL1
2
Long IOTEX - On the road to $0.24 and more First and foremost this is my own hypothesis and in no way suggests a buy or sell advice. We ended our Phase 2 correction at $0.1 after a Zig-zag in ABC decomposition (Purple). We then started our phase 3 with the two sub-waves 1 and 2 formed in the last few days. We then enter according to this scenario in phase 3 of the sub-waves that will form the major impulse. Let's give IOTEX time to validate this analysis. If you agree with this scenario let me know with a like. Otherwise let me know your point of view with a comment!
BINANCE:IOTXUSDLong
by MelvinGst
3