GOLD:BUY From Support 1780.00 FIBO 61.8% For A LONG SetupGOLD inside a Bullish trend in the last hours made a pullback on the previous support area at 1780.00 in confluence with the FIBO Level 61.8% the price is making Higher-highs and Higher following the dynamic trendline that is still working as dynamic support for the price. Our Idea is about a new Long setup following the main trend.
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SILVER:BUY From Support Level For a new LONG SetupSILVER inside a Bullish trend in the last hours made a pullback on the previous support area at 23.20 and the price is making Higher-highs and Higher following the dynamic trendline that is still working as dynamic support for the price. Our Idea is about a new Long setup following the main trend.
GOLD:Price is Growing Pullback 50% FIBO Support LONG Setup The Gold makes a new pullback in a support zone where the confluence with the 50% Fibo from the previous minimum will help the price to have a new bullish impulse. The Gold is still inside a raising channel and the dynamic trendline is working as Dynamic support for the price where rebound a growing. Our forecast, looking at the economic scenario plus technical analysis is Bullish.
USD/JPY:SELL From Resistance Level and 61.8% FIBO SHORT SetupUSD/JPY in the last session retested the resistance area in confluence with the 61.8% Fibonacci level inside a bearish channel and today, the price may have a new bearish impulse following also the positive news about the EUR and GBP zone. Our Analysis is about a new Bearish impulse by the USD against the JPY.
GOLD: BUY From Retest FIBO+Support Level for a New LONG SetupThe GOLD is growing making Higher-highs and Higher-lows and the last pullback on the support area can help only the value of this metal to grow. From the previous Swing low today the price retested the 50% Fibonacci level and the correlation with the other Forex pairs can only help the value to grow more. The price supported by the dynamic trendline plus the 50 moving average seems ready in this session to have a new impulsive push-up.
😮 BITCOIN (BTCUSD) - Retest of resistanceBitcoin has found support overnight after a brief period of consolidation. It has also broken our macro resistance trend line that was labelled in the analysis attached. From this, we have a long position for the day to retest resistance. Please follow me and check out my profile to show your support.
BITCOIN (BTCUSD) - Macro resistance broken, relief rally begins!Bitcoin has broken macro resistance which means there is a strong chance of a relief rally towards 17-18k. If we are able to secure these TPs then this could signal a market bottom, but we still have a way to go yet. Really tight stop loss, and a high risk-reward ratio just in case the market rugpulls. Enjoy!
Ethereum (ETHUSD) - Retest of support, fake out confirmedHello everyone, last night we saw a relief rally across Ethereum which wiped out the short position I have attached to this analysis. I am however sending out a second short as I believe the relief rally we experienced was standard chart physics / a fake-out. Don't forget to view and follow my profile! Thanks!
BITCOIN (BTCUSD) - Final resistance zone before macro upsideHello everyone, before reading ahead I want to let you know I am a Bitcoin maxi, but I also have to listen to the charts. I am not convinced we have a market bottom, there are still a few questions left unanswered fundamentally speaking that will allow us to create the path for macro upside. This is the last area of macro resistance stopping the price from a macro break out. From this, I think one final short attempt is on the table.
ETHEREUM DAILYWELCOME TO MY DAILY BREAKDOWN FOR ETHEREUM
Looking at ETH and its orders the previous liquidity ranges have created a current zone where I think that if nothing important happens, I don't expect big movements. Actually I would say that we may goes lower for liquidity from the zone around $1090
SEE YOU SOON
🌝 BITCOIN (BTCUSD) - Recovery is in play, retest of resistanceBitcoin has been subject to market fundamentals overnight where we saw the FTX hacker's wallet start getting active again. From this, there is a pause, and it looks like Bitcoin is starting to recover. Risky move due to the current market fundamentals, trade safely and manage your risk.
😧 BITCOIN (BTCUSD) - Back down to lows of 16/15.5k!Bitcoin is nearing a breakout to the downside. Head and shoulders have helped bring this entry forwards. If the neckline breaks, I expect a retest of local lows, if not full capitulation. It is worth noting that today is the 23rd lunar day of the month meaning that the final phase of the moon starts now, which usually has an effect on human phycology.
😀 BITCOIN (BTCUDC) - Potential support, back to resistance.Bitcoin looks like it might have found short-term support and will naturally consolidate from here. Looking at medium timeframes, this might fuel a relief rally back to the upside as capitulation failed to happen once again. Trade safely and keep the stop loss close in the event capitulation kicks off, macro timeframes suggest a bottom isn't in yet.
ETHEREUM (ETHUSD) - Bull trap - Time to test support.Hello everyone, ETH is starting to top out below key areas of resistance, highlighted many times in my previous analysis. I expect a retest of support today, but be careful with risk and leverage as there is always a chance of a small macro relief rally. I think the bottom is not in yet and the downside will continue.
🥴 XRP (XRPUSD) - XRP could hit as low as 10p!Taking a look at XRP macro tokenomics and price action, the bottom could be as low as 10p before we see any strong signs of support globally from both the retail and commercial markets. Those that follow me will understand that I have been warning people of a market reset, this is the current target for XRP in the event this happens.
😵 Bitcoin (BTCUSD) - Could drop as low as $5000! Here is a macro timeframe Bitcoin chart since inception, highlighting key levels of Fibonacci, which result in Golden Ratio numerals. Whilst nobody wants to admit it, we are facing a potential low as far as $5000 if we do not find support this week at the 14/15k levels that are likely going to be tested. Stay safu.
🎯 Don't forget to follow me and check out my TradingView profile!
🍿 BITCOIN (BTCUSD) - Fake out, back to support againHello everyone, thanks all of you who have supported my analysis over recent weeks and months. Just a heads up, we took profit on BTC overnight and plan to get back into shorting this week. The overnight price action looks like a fake out, which will more than likely be unsustainable. Let's have a cracking week, don't forget to follow me.
Educational Series - Smart Money Concepts ( Liquidity )Hi there guys!
I will be doing a short tutorial on Smart Money Concept's liquidity.
What is it?
- Liquidity acts as a driver to move the market in a specific price range.
- We can find liquidity in areas where many people place stop losses and buy/sell stops.
- Market makers will manipulate the price in order to break through these obvious zones and seize the liquidity.
How to look for them
- You will be looking for areas where price are of relative equal highs/lows.
- Areas where price has not gone to swept the "stop losses"
Why is it useful?
- Helps to forecast where price might potentially head to
- Potential areas for take profits upon clearing of liquidity
- Avoid placing your stop loss at liquidity areas
It takes some time to learn how to spot liquidity.
If you do enjoy this tutorial, feel free to follow me and boost this post! :)
Regards,
Chen Yongjin
🚨 BITCOIN (BTCUSD) - Above 20k, the only way is up!Hello everyone, just wanted to post an update to my followers as it has been a few days/weeks. I am currently waiting for macro timeframes to fully confirm their direction, but after today's sell-off, if we hold above 20k then the only way is up. The market is volatile today, and we could see dives below 20k. If this happens, then a retest of lows would be expected.