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XAUUSD Gold : A short-term zoom in for today! 5.5Let's cut right to the point. Since yesterday's FED meeting Gold rallied by around $40, coming from lows of mid 1850's. Today we have a Jobless claims report which is also expected to be impactful. So let's break down the two aspects of analysis: 1) Fundamental - Inflation is here to stay, hike news yesterday were already implemented to USD before they came, only bringing USD down and Gold up, also war is getting worse, supply chain disruptions are still ongoing and Gold being a safe-haven and a hedge against all that is in a perfect fundamental position to continue to rally as it did between June 2019 to today with the weekly up-trend. 2) Technical - 1860 support horizontal was held and kept. Connecting lows show a consistent descending trend-line with a parallels resistance trend-line, creating a form of a channel. The range of this channel is between 1960 to 1845-50, a recent connecting high trend-line from the top of the channel was broken above, confirming a short-term bullish breakout possibility. The retest of this short-term breakout is between 1875 to 1885, which may or may not take place any time within the up-trend. A key level to break on the way to the peak of the channel is 1912-1919. With a break below the mid 1870's we could be going back to the bottom of the channel at around 1845-60. Today's Jobless claims and BOE report may push Gold by a few tens of Dollars, be safe and trade smart! --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Thank you so much for reading! Please like and follow if you found my idea useful :) I'm here for any questions/comments and promise to respond to each and everyone of you. Hope this helps! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------
OANDA:XAUUSDLong
by Exactus
S&P - Why it's strongly bearish and where will be reversal?📉Recently we broke yearly level and those confirmed bear trend in global economy. What was the catalizator of this: • War in Ukraine. Sanctions against Russia inflated prices in Europe and central banks across the world are raising interest rates in an attempt to fight inflation. • COVID in China. Because of harsh anti-covid policy, thousands of businesses and factories were temporarily closed and thousands of ships were just left drifting for 2-3 months near the ports, awaiting the end of this mess. Needless to say that this ruined lots of production chains across the world. Sadly that's only the beginning and in future we may see new global problems. 1. World hunger. As Ukraine and Russia were exporting 1/3 of TOTAL wheat supply, amount of available resources will become much more scarce. This will drive total prices for meat, grain products and oil much higher. 2. New sanctions against Russia or russian counter-sanctions on crude oil/gas. As winter approaches, oil and gas will become more important than ever. Russia may use it to it's own advantage by introducing sanctions against unfriendly countries, which is all of Europe. Price for those products can easily increase x3-x5 which will make cost of living and producing products much higher. A lot of bubble or break-even companies will die out. If those two will happen, cost of living for an ordinary man will rise through the roof which will decrease total wealth and global economy as people will buy less. From technical analysis we may see a strong bounce from 0.382 Fibonacci level or even reversal. By looking at such picture, I find myself strongly bearish but can't lose hopes for this madness to end. What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
SP:SPXShort
by Artem_Dishel
2
Bitcoin! The war is on; Bear vs. Bull BINANCE:BTCUSDT Doing TA on Bitcoin is mostly advised against but that's not going to stop STAKK Here is our shot at the short-term and medium-term outlook of BTC; of course we all know the long-term value; in the millions. :) haha Reminder, Warren Buffett's banking investment in London now holds $BTC. Details of the strategy isn't clear yet. Australia recently approved it's first spot BTC ETF. German ministry approves the no taxation of staked coins... The adoption news continues but so as the fud. Let's not forget the latest attack on UST and LUNA which had direct implication on BTC. Does any of these news impact the price or future value of $BTC? Yes, in the short term but it shouldn't prevent traders or investors alike from looking at the short or mid-term outlook. Technical Analysis: Daily Chart EMA ( Exponential Moving Average ): The EMA's are inverted; literally upside down 200/100/50//20 EMA and pointing downwards! We've been in the death cross since April 11th. and all attempts by the 20 and 50 EMA to turns things back have failed. Prices recently fell to and below $29K a very strong support line. TTM Squeeze: TTM is steadily squeezing upward against the tide. Could this mean a stabilization of the downward pressure or reversal? We need to see the candles and RSI. Maybe even a different time frame (4hrs) RSI: Went as low as 29 (keep in mind that 30 is a great entry point especially when the slow stochastic is pointing up). But the stochastics are still pointing down; So although oversold, there is still the danger of continued lower prices although the 30 RSI is a good entry point. Fib Levels: They say, never try to catch a falling knife. The price action went as 1.618 a critical point but bounced right back up to 1.414 (not a strong support or resistant). Candle Stick: Summary of last 5 candles equate to a bullish movement. The last pairs look like a Morning Doji Star, a bullish pattern. Pattern: Looks like we have a continuation horizontal price channel in the median time. Price consolidation could mean good news especially at $29K an extremely strong support level. At the moment, I really think, it depends on what happens at this critical point. If $BTC fails to hold above $27K-$29K, it may fall as low as $19K or even $13K the next strong support lines. In the short term, given the consolidation, TTM Squeeze, RSI, and patterns we can see a push for $32 or maybe even $33K. This is supported by the 4 hr chart fib levels which shows that the current price have to cross and hold above the .382 fib levels; then terminate at $33K.
Long
by STAKKNATION
1
Super-technical and Fractal analysis of BitcoinSuper-technical and fractal analysis of bitcoins BINANCE:BTCUSDT This is a highly specialized fractal wave analysis for bitcoin that has been extracted from its multi-year history. Suffice it to say that this analysis was done in the last few years and had amazing results. At this point in time, I decided to present this analysis in a separate account. In explaining this chart, I must say that Bitcoin will have strong support according to the behavior of Price Action in the areas of 22 thousand and 18 thousand. My analysis is that the $ 22,000 area is failing, but the $ 18,000 area will be retained due to the formation of a resistance cushion at the bottom of the long-term uptrend channel. The canal roof will be priced at $ 82,000. Look forward to continuing this analysis in September 2023. Where the price of each bitcoin will be $ 82,000 ...
by TradeMan13
Bitcoin against the SPX, overlayed with the NASDAQBitcoin against the SPX, overlayed with the NASDAQ As shown in the analysis, we can clearly see the correlation of the NASDAQ CURRENCYCOM:US100 / NASDAQ:QQQ to the returns of Bitcoin. When the QQQ/NASDAQ is in an uptrend, Bitcoin is in an uptrend. I have purposely valued Bitcoin against the US500/SPX for 2 main reasons: 1) The US500/SPX is the benchmark we all need to beat. 2) The US dollar and other fiat currencies are being printed at an alarming rate and therefore we need a "stable" denominator for our analysis. Using the BTC/SPX ratio, we can clearly see that bitcoin did not make a higher high in the Oct/Nov period, therefore signalling a slow down in the bullish momentum. Using the Gaussian channel on the 5 day chart, we can clearly see the when an asset is below the channel, we are in a "Bearish" market and this is typically the best time to dollar cost average into the respective asset class. We should look to the SPX and the QQQ for signs of a market recovery.
BITSTAMP:BTCUSD
by TraderMagz
BTC in a potential long-term range bound moveI'm going to keep this one simple. I've spotted a potential long term range bound move on the weekly timeframe, that started since the covid crash in Mar 2020. We've usually tested the top and bottom of this range, as well as the heart line multiple times. If this range plays out, I'm expecting a move where we see a bounce from here towards to heart line at 51k in June. I hope we blast through it, but there's also a probability that we get rejected and fall back down to the bottom of the range to retest the bottom around 30-31k around August. If we get a bounce again, we may retest the heart line, then if we break it we'll head up to the top of the channel at around 71k in November. Note that I have seen other models that show that this isn't the bottom yet and there's more pain to come, and this prediction is written with a bullish bias. I would recommend to still keep cash for a potential break of the channel to lower levels in the coming weeks.
BITSTAMP:BTCUSDLong
by godhelpme_
BTC Short Term Movement AnalysisAs you can see from the last Bitcoin analysis the 30000 area broke and the price went down with selling pressure and bounced from 25300$. with the price action analysis, Bitcoin is forming a symmetric triangle on lower time frames and we will see a break of this structure soon. The resistance is the $30,500-$31,000 area and we will see a move towards $33,000-$34,000 if BTC breaks above the $31,000 level. A break below $29,000 is bearish and we might see again $27,000-$27,500 levels. Use tight stop loss in all trades. This analysis will be updated. 5/14/2022
by Trader_Needs
2W BTC bull run profit targets To determine possible stepping stones in the incredible journey of our favorite asset class (yes - bitcoin) we look at the bi-weekly chart, and draw fibonacci trend extension from near 0 to the peak in 2019 and to the all time low after that (122, 19690, 3120). We also draw the 100 moving average line to observe how BTC successfully bounced off it 2 times - in an essence confirming there there never was a bear market in the bitcoin life-time, at least not from the bi-weekly perspective. We witness the HODLers triumph. (Well done, party people!) We notice: 1) bitcoin currently is testing resistance at 1.618 extension level. This is a good time to take profits and to wait for a pull-back to re-enter. pull-backs to 30k, 20k are very likely in the next few months. even below 10k levels are possible if there is a significant negative news. No matter what happens - we predict that bitcoin wont' fall below 100 MA on the 2W timeframe. Fundamentals are way too strong: more and more institutional buy-ins, public interest all time high, relentless money printing by the governments). 2) using our tea-leaf indicator we predict new all time high above 40k before august 2021, and 85k levels by the end of 2024. 3) we watch out for ETH 2.0, and bitcoin profits moving into slakeable assets such as PolkaDot.
KRAKEN:BTCUSDLong
by PurseLance
1