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01/04/24 Weekly outlook (Q2)Last weeks high: $71771.20 Last weeks low: $69088.87 Midpoint: $66406.55 Q2 BEGINS! BTC saw a 91.35% increase from yearly open and closed out Q1 at ~71K . A very strong first quarter on the lead up to The Halving now less than 20 days away we have only a few more weeks to get set for the event which historically brings new highs after. Now that we have ended the month of March and begun Q2 , we can see that the bulls really pushed for a strong monthly close above the '21 ATH level of 69K, a very important S/R level and now we have closed above on the monthly it's confirmed as new support. Almost instantly after the monthly close price did drop back down to the previous weeks Midpoint of the range and the important support level. I do think we range for a while and build a base in the lead up to the Halving, any dip is probably a good entry point for long a long term hold as historically new highs come soon after the halving. For now I think we'll see a continuation of select alts having double digit days with BTC & ETH staying relatively flat . In my opinion we're at the low cap/memecoin stage of the cycle and just waiting for the next big BTC rally to start the whole cycle again and have money flow back into BTC. Next rally should target 86K (1.272 FIB extension) and with supply halving and ETF backing I do believe it's achievable this year perhaps even this quarter.
by ProR35
2
GRTUSDT upwards targets in fib extension+resistance fan putting fib extension levels over a larger fib speed resistance fan. daily TF log. Next few days GRT will break out of current channel even just laying still sideways. Pressure is on the bears to keep it to the lower half of the current channel. If sellers can't produce strong enough dumps, GRT shoots out the channel to the ceiling of the channel above which is above $0.30 for the next 2 months. fib extension level 1 = $0.285. So about 200% gain from the current price. That's the most conservative estimation. It could happen much faster too. Then we would be looking at sub $0,60 price range. That's 400% gain.
by eryuzn
2
Analyzing GOLD: Market Dynamics and Trading strategyThe XAU/USD currency pair, a dynamic interplay between gold and the US dollar, is currently navigating through pronounced market fluctuations. In this comprehensive analysis, we will delve into the intricate interplay of fundamental factors steering the value of XAU/USD. Our focus extends to the looming potential of The Federal Reserve's interest rate adjustments, the consequential shifts in the 10-year US Treasury Yield, and the intricate repercussions woven into the fabric of the Russia-Ukraine and Israel-Palestine conflicts. Moreover, we will embark on a journey through the undulating terrain of gold price fluctuations, deciphering their nuanced implications for the volatility inherent in this currency pair. As we scrutinize both the fundamental and technical dimensions, our aim is to provide traders with a nuanced understanding of the multifaceted forces currently at play, guiding them toward informed and strategic trading decisions. Join us as we unravel the layers of complexity inherent in the XAU/USD market, offering insights that transcend the surface, into the heart of this captivating financial landscape. Fundamental Analysis Potential Rise in The Fed's Interest Rates The Federal Reserve, the central bank of the United States, stands at the forefront of XAU/USD trader considerations. Despite maintaining interest rates in the latest meeting, speculation about future rate hikes has introduced uncertainty. A hike in interest rates could diminish gold's allure as a risk-free investment alternative. Gold investors tend to favor assets offering higher yields when interest rates rise. Increasing 10-Year US Treasury Yield The recent upswing in the 10-year US Treasury Yield over the past few months has adversely impacted XAU/USD. Gold, often considered a safe-haven asset, typically experiences decreased demand as bond yields rise. Investors seeking protection tend to shift towards bonds offering higher returns than gold, resulting in a decrease in the value of XAU/USD. Impact of Russia-Ukraine and Israel-Palestine Conflicts Geopolitical uncertainty stemming from the Russia-Ukraine and Israel-Palestine conflicts plays a pivotal role in the dynamics of XAU/USD. As a traditional safe-haven asset, gold tends to attract attention during periods of uncertainty. Elevated geopolitical tensions increase the demand for gold, contributing to an upsurge in the value of XAU/USD. Gold Price Fluctuations: Implications for XAU/USD The notable fluctuation in gold prices, reaching $1,750 per ounce on September 21, 2023, and subsequently declining to approximately $1,700 per ounce on October 20, 2023, reflects significant market volatility. The dip in gold prices could be attributed to a combination of factors, including expectations of interest rate hikes and a shift in investor preferences towards higher-yielding assets. Technical Analysis Indicator Analysis XAU/USD exhibits overbought signals on the STOCHRSI(14) and MACD(12,26) indicators. However, the elevated volatility serves as a warning for potential market direction changes. The 200-day Exponential Moving Average (EMA) confirms a bullish trend, instilling confidence in traders. Support and Resistance Levels According to Barchart, current support and resistance levels are as follows: 1st Resistance Point at 1,986.06, Last Price at 1,994.86, 1st Support Level at 1,954.30, 2nd Support Level at 1,934.11, and 3rd Support Level at 1,914.30. These levels serve as crucial guides in planning trading strategies. Trading Strategy The employed trading strategy involves entering positions after the price breaks and retests the breached support and resistance (S&R) levels. The target price is set before the next resistance level or prior to the Fed speech on October 25, 2023, considering potential unforeseen events. Trade Parameters Based on the above analysis, several trade parameters are identified: Entry Point: When the gold price rises and re-test the previous resistance level. Stop Loss: Placed below the nearest support level to safeguard against sharp declines. Target Profit: Before the next resistance level or prior to the Fed speech on October 25, 2023, considering potential unforeseen events Conclusion: This analysis illuminates the intricacies of XAU/USD, emphasizing the intertwined nature of complex fundamental and technical factors. As investors grapple with potential Fed rate hikes, changes in the 10-year US Treasury Yield, and geopolitical conflicts, a comprehensive understanding of risks is essential. The fluctuation in gold prices serves as a vital indicator, highlighting the need for vigilant monitoring of news and Federal Reserve policies. In navigating these volatile market conditions, prudent trading strategies and effective risk management become indispensable for success in trading XAU/USD.
FXOPEN:XAUUSDLong
by fardycurry
USDT.D (Full Chart Analysis-Long-Term)Hello Friends. How are you? Hope you always be happy and successful Today I want to talk about USDT.D in another words, I want to talk about the dominance of Tether. the situation is complicated. I want to check this item based on Ichimoku, channel line, and classic pattern. so, let's go into details. based on Ichimoku, the future cloud is getting green(positive) Tenkensen is above Kijunsen and it's a sign to prove us the chart is bullish. based on the Classic pattern, we have an Ascending Triangle. As you know it's a continuation pattern. and I expect this trend to continue. if dominance succeeds in breaking 8.21% and then 8.51%, the next target will be 9.45%. that's a border of a huge dropping in altcoins. if dominance is able to stabilize above 9.45%, everything will be changed and the main target of this movement will be 15% it means that you will see a lower low in all markets. And you should expect it to drop more than you think. it's my favorite theory. I think it will happen soon. let me check based on the channel line in the weekly time frame. As you can see, we are moving in an ascending channel. we had three hits at the top of the channel and four hits at the bottom of the channel. it means that this channel is validated. at this time we are moving around the midline. This move to the top of the channel is expected to be around 15%. If these three conditions occur, everything will be changed. and you can buy for example Bitcoin for around 9800-11500 USD for the first level. and maybe cheaper. sounds great. who doesn't like it? 🙏🙏 Please don’t forget to like 👍, follow ✌️, and share 👌 this analysis with your friends. Thank you so much for your attention and participation 🙏🙏 Sincerely Yours Ho3ein.mnD
CRYPTOCAP:USDT.DLong
by Sticky-Stock
THE LAST RALLY in The BEAR MARKET RALLY WAVE B TOPThe chart posted tonight is the DIA tracking share we have declined in a three wave decline and from the cycle peak due on july 26/27 into the panic cycle 55 to 62 days down from sept 23 to oct 4 focus on the 25 th of sept we should enjoy a major short squeeze event in the spy dia qqq and smh . I am working on the time spirals as well as the fib time relationships I have labeled the DIA as a diagonal and it should the old record high within or above by 2 % before the WAVE C CRASH see 1998 /1999 fractals to form from the cycle low of oct 13 1998 and oct 13th 2022 a mirror image . The 5 th of the 5 was the top into my dec8th 2021 report .
AMEX:DIA
by wavetimer
When do we sell a symbol? Expiry went fine the 2nd June, it has various bullish remarks at the end, the volume spikes spoke for themselves. Now there is new danger ahead, economy is hanging onto verges of a single man, and typically now the popular opinion is that he shall be left with no other option than greening the signal light and another rally is expected. Many weeks have gone by when Hawkish behaviour hysterically chose the opposite stand than what was popularly spread or wrongly articulated by the media houses. Fund managers are having a gala time because on one switch the retailer accumulate huge lots and their low cost investment earns a fortune and at another switch they sell what is a cheap calculated risk investment for future. TSLA is going to sink yet again and AAPL shall make history.
SP:SPX
by INDEXKING0
US30 TRADE IDEA + PPI%Hi everyone, So here is my analysis for US30 today - as we can see yesterday the CPI% was released and the stats were:Actual: Actual: 0.1% - Expected: 0.2% - Previous: 0.4% - natrually you would say stocks would have a positive reaction to this data, correct? Well indeed it did when the stats were released but it instantly reversed and market closed down lower than expected. I call this move a BULL TRAP - All though there was positive news, based off what the FED has to do to battle inflation as well as talks of a potential recession in the U.S.A. gave reasoning why investors would focus on shorting the market. Same thing today for PPI - I expect a fake breakout up and then a reverse down taking stocks into last weeks range. Nice potential swing trade setup if we get into a good entry. Be cautious today as there is a lot happening - apply proper risk management and don't see this opportunity as a winning lottery ticket, see it as an opportunity to compound on your current wins to grow into an even more profitable trader.
BLACKBULL:US30Short
by crownclubfx
XAUUSD; PROBABLE DROPDear Traders, It is my pleasure to provide you with an update on the recent market activities of GOLD since the SVB Collapse. There has been a substantial uptrend observed in the market, as the price of GOLD surged from 1809.90 to 1926.04, representing a notable 1,160 pips move. Based on our technical analysis, we anticipate a potential bearish reversal if the 1HTF candle fails to close above the resistance zone at 1921.63 - 1911.73. In this scenario, we expect sellers to push the price towards the downside to fill the gap created at the (1871.65 -1867.17 region) during the previous bullish run, before the continuation of the upward trend. However, if there is a close above the resistance region, we may see a break and retest pattern, followed by a bullish continuation. Happy trading.
PEPPERSTONE:XAUUSDShort
by Samuel124
Bitcoin Futures Analysis: Potential for a Bullish MoveHello everyone, I am excited to share my first post and my analysis of Bitcoin futures on a daily chart frame. Based on my analysis, I believe that Bitcoin may be on track to fill the gap at 28,740$, however, there are some important factors to consider. One of the key indicators that supports my analysis is the Relative Strength Index (RSI), which is showing a strong bullish divergence. This suggests that momentum is shifting towards the upside, and that there may be a potential for a bullish move in the near future. Additionally, the 50-day moving average is about to cross over the 200-day moving average, which is another bullish signal. However, it is important to note that if we break below 21,450$, this analysis may no longer be valid. If someone is looking to trade based on this analysis, they should wait for the price to break over 22,700$ before going long. It is also important to keep in mind that the most important resistance level is around 25,000$, as indicated by my white trend line. Overall, based on the technical analysis, I believe that there is a strong potential for a bullish move in Bitcoin, with a target of the unfilled gap at 28,740$. However, traders should always do their own research and make informed decisions based on their risk tolerance and investment goals. I would love to hear your opinions and comments on my analysis. If you found it useful or interesting, feel free to follow my account for future updates and analysis.
CME:BTC1!Long
by IndzheV