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Gold Setup Idea: Pre New York (Sept 28, 2022)Gold has made new lows at $1614.68 and now violently retraced back into $1631, all while I was asleep :D Now, here is what I see: Price is still HTF bearish and could return bearish in NY to retest the london lows. But, with the strong impulse reaction to the new lows, bears are fighting more bulls, so it could be more of a consolidation or bullish day as well; it really depends on how Pre-NY reacts to this price action, from there I can form more of a long/short bias. Ideally I would like to see LTF resistance form - a bull candle followed by a bear candle - and then the following candle to break the low of the newly formed resistance. No news major news today either. With dollar strength I would love to short Gold back down to $1614 but we will see if the bulls allow for that. What is your bias today?
FX:XAUUSD
by SoManyDistractions
2
Gold Setup Idea: Pre New York (Sept 27, 2022)Here is my analysis based on price action during the Asia session and London session, it appears we are retracing after making new lows. This means we have a temporary relief of HTF bearish influence and can possibly expect to see some bullish price action today; but it is certainly more risky to buy than to sell gold right now given the current macro economic conditions. I am ultimately looking to sell since I believe there is a higher probability of it succeeding, but if price break london high and shows bullish strength in NY open, forming LTF support above $1640, then buys are certainly possible. What do you anticipate price to do in NY open/today?
FX:XAUUSD
by SoManyDistractions
Ape 👀 – 07/29/2022 | Price Action$Ape 👀 – 07/29/2022 | ApeCoin Price Action Update 🎯 - 📸 🚨 📌 #Price has finally closed below 0.236 (or 23.6%), $6.7945 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $7.2150). Wave 1 is always the hardest to forecast anticipated completion zone. 📌 Like I previously mentioned, the #ElliottWave model is purely #subjective and needs to be consistently revised as price action continues to develop. This shouldn’t come as a surprise though; there’s no method of conducting technical analysis that doesn’t involve revision, editing, and trail and error. 📌 Of the ABC #Correction, both waves (a) and (b) have been completed (in red). Thus, we are currently working on wave (c); which should be comprised of another downward impulse of 5 waves. 📌 My goal is to #buy the market after 3 swings down in the #Minuette degree (in red; (a), (b), & (c). In previous posts, I mentioned that the buy zone is located directly under #liquidity and in the #fibonnacci #goldenzone. ✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity 📈 View My Chart: ⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️ #longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #StrongDollar #FOMC
FTX:APEUSDLong
by ElBichotedelosGraficos
2
LONG IDEA to 50k Hello again! After our very successful short positions from 48k to 38k, i can see lot of long possibilities in the markets. Id like to be bullish on 37.9k on Bitcoin. Maybe scale long all the way of the bearish manipulation wick what occurs before we are moving bullish. We need to look where are market movers setting their Buy positions. As told before us30 was at resistance levels. Now we are in more of a support level which could turn crypto market bullish also. If you are more familiar with altcoin's market, there are a lot of opportunities for longing. Maybe we will get some positive news from Putin that he will not pursue Ukraine war anymore so that would be hugely bullish news which could turn everything bullish and optimistic. Also Fear and Greed indicator turned today 23/100 in Extreme fear, probably tomorrow we will see 16-20/100 depending on the daily close. These kind of levels were last seen at 22.01.22 before massive 250% bullish move. I think this run will be more of a bulltrap to 50k to turn everyone bullish then maybe drop to 31k in the summer. We'll see more in coming weeks. Lets get the bag !
BINANCE:BTCUSD.PLong
by NormanMadiberg