Bitcoin - If you buy, you can get REKT in 2025! (Insider Info)Bitcoin is forming a historical bearish divergence on the weekly chart. As we can see, the price is making higher highs, while the RSI indicator is making lower highs. Historically, Bitcoin reacts to the divergence very successfully, and a lot of traders use it as a main indicator.
Bitcoin can fall to 38k - 44k, so if you buy now, you can experience a massive loss if you are going against the RSI divergence. Best to open a short position, stop loss 81k. This bullish flag looks like a trap for retail traders.
Intelligence people know that Bitcoin can have an infinite supply. It's nothing more than a computer program, and it can be modified. And they will give you good reasons to increase Bitcoin supply in the future, such as World War 3. And sheep will say yes, let's print more Bitcoin to end the war. Once Bitcoin becomes the world's digital currency, controlled by the FED as they plan to do so, you will hate Bitcoin.
In a previous article, I said that crypto technology is not new and nothing special. This technology was brought to earth by alien entities. Crypto technology is already used on thousands of different planets in the galaxy. In fact, crypto is another version of the fiat money printing system. You probably heard about Greys, Reptilians, and Draconians. When you look at them, you will notice their ugly appearance. Nature hates them; that's why they are very ugly. Their intelligence is extremely low compared to humans, and they take instructions mostly from the AI.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day.
Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bitcoin PREMIUM 7X Capitulation SHORT (Updated) —333% Potential There are several more SHORTs that I want to make public before ending this cycle. A year is a long time, and more pronounced when we are here interacting, communicating and exchanging daily, so it is better to put them all out now.
First, let's update the Bitcoin SHORT, which is the main one.
The rest you can find by visiting my profile; I will publish those next.
I don't want to miss SUI, SEI and Aptos as a public full trade-numbers trade.
➖ Technical analysis
Bitcoin is trading below resistance which we consider bearish. Bitcoin produced a long-term double-top, more than 7 months long. The same level that is active now produced a major crash in April 2021, November 2021 and March 2024. This is a very strong resistance level.
If resistance is broken, the bearish bias becomes invalid.
If resistance holds, the chart setup remains intact and bearish potential strong.
Many Altcoins already moved ahead after producing a weak bounce or inverted correction, it is safe to assume that Bitcoin will do the same. Market conditions can change so do your own research and planning.
Full PREMIUM trade-numbers below.
____
SHORT BTCUSDT
Leverage: 7X
Entry levels:
1) $74,000
2) $71,000
3) $68,000
Targets:
1) $65,750
1) $62,000
2) $58,500
3) $54,500
4) $51,000
5) $44,444
6) $39,000
7) $36,500
Stop-loss:
Close weekly below $75,000
Potential profits: %
Capital allocation: 3%
___
Thanks a lot for your continued support.
Leveraged trading is high risk and shouldn't be approached by beginners. The risk of loss is too high. Trade at your own risk. I am not responsible for your actions.
I am wishing you the best and I hope you achieve success together with all of your health and financial goals..
Thank you for reading.
You are appreciated.
Namaste.
Bitcoin Rips to $76,000 on Trump Pump. Can It Hit $100,000 Next?Bitcoin BTC/USD was fully onboard with Donald Trump’s race to the White House. With much fanfare and celebration, the orange coin crossed $76,000 to hit a new record as the former President clinched the top spot in American politics in a stunning comeback, defeating Democrat Kamala Harris.
So, what’s with that big surge and what can you expect ahead for the crypto industry under a Trump presidency? Let’s find out.
Bitcoin BTC/USD , the original cryptocurrency, is in full beast mode now that former President Donald Trump has defeated Vice President Kamala Harris to win the White House. The price of Bitcoin rocketed to the rarefied air of $76,000 on Wednesday, gaining more than 9% on the day and catapulting its valuation to a record $1.5 trillion.
Bitcoin has been a centerpiece in Donald Trump’s campaigning efforts. It’s part technology, part investment — two things Trump loves and embraces. In fact, he seems enamored with the coin and went the extra mile for it. Not only has he reiterated his support for the crypto industry, but has vowed to make the US “the Bitcoin superpower of the world” and the “crypto capital of the world.”
Big-shot crypto players, such as Andreessen Horowitz and Gemini founders the Winklevoss twins are cheering Trump’s victory after they had endorsed him and spent lavishly on his campaign and on promoting pro-crypto candidates for Congress.
“We are on the brink of a new American Renaissance,” said Tyler Winklevoss in a post on X . “The crypto army is striking!”
Brian Armstrong, CEO of Coinbase COIN , also praised Trump’s election win. “Welcome to the new members of America's most pro-crypto Congress ever…” the crypto exchange boss said on X . “219+ pro-crypto candidates and counting have now been elected to the House & Senate.” “Tonight the crypto voter has spoken decisively.”
Hopes are high now and the agenda is already looking busy. Overjoyed crypto circles expect three main things from Trump:
1) To pass crypto-friendly laws and regulations that will help propel the industry ahead of its foreign competitors (China and Russia, mostly) in terms of business, mining and trading.
2) To fire Securities and Exchange Commission Chairman Gary Gensler “on day one.” Gensler is seen as a villain to the broader adoption of crypto both on Wall Street and in general. During Gensler’s tenure, the SEC has chased down crypto exchanges, such as Coinbase, Kraken and Crypto.com with more than 100 lawsuits.
3) To create a Bitcoin strategic reserve — a lofty ambition, which will make sure the US government never sells its Bitcoin (currently the US holds roughly 200,000 BTC). More on this below.
There’s already a bill introduced by Sen. Cynthia Lummis (R–Wyo.) to whip up a reserve with a target of 1 million Bitcoin over five years (200,000 BTC a year).
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump has said during a campaign speech.
“If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future,” he said. Currently, the government every now and then auctions off its Bitcoin, which has been seized from criminals.
With that in mind, how is Trump and the Republicans broadly going to approach the next four years?
In short:
Pro-business
Pro-growth
Light regulations
Low taxes
Or, as Tesla TSLA CEO and vocal Trump backer Elon Musk expects, "The future is gonna be so 🔥"
Besides Bitcoin, how did the result of Election Day bump up other digital assets and crypto stocks?
Ethereum ETHUSD , the second-largest coin, got a 10% boost to its price, going over $2,800 a piece. Solana SOLUSD , an Ethereum rival, pumped to levels above $190 from under $170. Dogecoin DOGEUSD , the Shiba Inu-themed coin beloved by Musk, surged more than 30% in volatile trading and crossed 21 cents before paring back some of the gains to slide under the 20-cent threshold. In general, it was a good day for cryptocurrency markets .
Crypto stocks reacted with a sharp dash to higher grounds as well. Crypto exchange Coinbase COIN pumped 31% to notch its best day ever . Bitcoin-hoarding software firm MicroStrategy MSTR surged 13%, lifting its year-to-day gains to a whopping 276% increase.
Crypto miners’ stocks also participated in the rally. Riot Platforms RIOT gained 26% on the day, followed by Marathon Digital’s MARA 19% increase. Another Bitcoin miner, Core Scientific CORZ , closed up by 10% on the day.
Over to the exchange-traded fund space. The burgeoning crypto ETF space turned up some impressive figures. The pack of 11 spot Bitcoin ETFs collectively pulled in $612 million of net new money on Wednesday. The spot Bitcoin investment vehicles now command $26 billion in assets under management.
Ethereum ETFs, a bundle of 9 , picked up $52 million of daily net inflows, bringing the total amount of investments to $1.35 billion.
With that said, were you brave enough to chip in before the big Election Day? And do you think the door to $100,000 is now wide open? Drop your thoughts below and let’s whip up the discussion!
GOLD DAILY CHART UPDATEHey Everyone,
Great day on the charts today with our swing range doing exactly what it says on the tin. We got the big drop yesterday from the election volatility, yet our levels were still respected technically, providing the reactional bounce.
Swing range bounce gave us 2690. A close above this level will see the upper levels being retested again, keeping in mind the long range gap above on this chart idea. Failure to close above this level will see a retest on the swing range again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
75% gains TSLA Best Level to BUY/HOLD🔸Hello traders, today let's review 12hour price chart for TSLA.
Recently we gapped up on higher volume, we got two liquidity
gaps below market overall this indicates strength, having said
that there is heavy fresh overhead supply zone so expecting pullback.
🔸Fresh supply zones at 400/375/305 usd will provide liquidit for
a potential pullback in TSLA. fresh demand zones located below market
at 230/235 usd and 190 usd. most likely limited downside below fresh
liqudity at 230/235 usd.
🔸Recommended strategy bulls: expecting measured move pullback
once we trigger fresh supply zone near 300/305 usd, bulls should
wait for the pullback to trigger fredh demand/liquidity zone at/near
230/235 USD. BUY/HOLD after pullback TP1 375 USD TP2 400 USD.
75% gains potential for patient traders. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets...
Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded.
Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell...
Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume
Resistance levels: 2670, 2685, 2696
Support levels: 2652 (trigger), 2637, 2624
A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
After a sharp drop yesterday and breaking below its ascending channel support, gold has now stabilized slightly. It is expected that after a correction and pullback to the broken support level, gold may resume its downtrend towards specified lower levels.
Don’t forget to like and share your thoughts in the comments! ❤️
Bitcoin To The Moon! $100K 100X —Michael Saylor— LONG (B-Trap)It is a bull-trap. I am going to exposed the whole thing. Do you really think the market is going to move without us?
It is the exact same dynamic that happened last week:
1) Bitcoin closed weekly below resistance in the form of 70K. Bitcoin moves strongly above this level but reverses below 74K and does six consecutive days closing red liquidating millions of traders and reversing all gains; this takes us to number #2.
2) Bitcoin started the week by moving strongly above resistance, a new All-Time High, FOMO, 100K, but Bitcoin still trades below 80K. The week is still young and prices will soon start to reverse, the same as last week. Move above resistance briefly just to move back down the same week; bull-trap. The bulls get trapped when prices start to drop.
Patience is key.
It is a bull-trap, there is no 100K; not yet.
Thank you for reading.
Namaste.
Lingrid | GOLD Head and Shoulders Pattern EmergesOANDA:XAUUSD market has plunged during the London session, breaking and closing below the psychological level of 2700. Prior to this drop, the price action appeared to be forming a head and shoulders pattern, which is typically a reversal formation. Additionally, it has broken and closed below the upward trendline that has supported the price since the beginning of August. While the major trend remains bullish on the higher timeframes, I believe the market may be entering a deeper correction phase, as mentioned in my weekly forecast. With high-impact news today, we can expect heightened volatility in the NY session. I expect the market to retest the trendline and the resistance zone at 2700, followed by a bearish move towards the previous monthly low. My goal is support zone around 2615.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDCAD - 4hrs ( Sell Trade Target Range 120 PIP ) 🟢 Pair Name :USD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
1.38600 Area
Reasons
- Major Turn level
- Visible Range lvn
- CHannel Break
- Choch
- Fixed Range Hvn
- Year High / P
Bullish Reversal
1.37500 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Trend Line
- Pattern Target
- choch
Gold - 15 min ( Buy Scalping After Break 2671 ) Tp 250 PIP 💎 Gold
Time Frame : 15min Chart
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🔻 Type :intraday
🚨Bullish After Break Out key level + High Volume / 2671 Area
———————————
☑️Great opportunity now
Please check the drawing carefully and all the reasons for entry and exit are shown in the analysis
If the analysis does not agree with you, please do not take it
This is a personal vision that reflects my practical way
good luck for everybody
And we strive to provide the best opportunities and develop your money
Please apply good capital management
GBPNZD: Important Breakout & Bearish OutlookGBPNZD has broken and closed below a strong horizontal support level on intraday charts.
The blue area marked is also the neckline of an inverted cup & handle pattern.
This violation could lead to further downward movement, with the next targets being 2.148 and then 2.141, support level.
Traders may want to look for opportunities to enter short positions on a retest of the broken support level.
ALT Analysis request for November 2024Dear all,
We are thrilled to announce that your special extensive ALTCOIN ANALYSIS REQUEST is now open for the month of November 2024.
REQUEST Deadline: November 10TH, 2024.
In order to ensure efficiency and accuracy in our analysis, we kindly request each member to submit only ONE (1) Altcoin request.
Please follow the format samples provided, such as ETHBTC, ETHUSDT, or ETHUSD, and include the exchange name of the coin. This will greatly streamline our analysis process. Our goal is to provide insights for a maximum of 30 Altcoins based on the requests received.
Let's work together to navigate the market and uncover potential opportunities.
To get an idea of our previous analyses, you can navigate through our previous alts requests by clicking on the corresponding links below:
#JANUARY REQUESTS:
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We deeply appreciate your ongoing support, which is incredibly valuable to us. Take the time to review all our analyses, share your comments, and don't forget to click the like button as you go through them.
Thank you to everyone for your continued support. You can trust us to always give our best.
Best regards.
WESLAD
US30 - 15 min ( Sell Trade Target Range 500 : 1000 PIP ) 💎 US30
Time Frame : 15min Chart
------
🔻 Type :intraday
🚨Bearish Break Out Done - expecting bearish Wave From Current level 43750
———————————
☑️Great opportunity now
Please check the drawing carefully and all the reasons for entry and exit are shown in the analysis
If the analysis does not agree with you, please do not take it
This is a personal vision that reflects my practical way
good luck for everybody
And we strive to provide the best opportunities and develop your money
Please apply good capital management
SILVER (XAGUSD): Pullback From Support We have spotted a promising trade opportunity on the 📈silver market.
The price of silver tested an important horizontal support level on a daily/intraday chart.
A symmetric triangle pattern was formed, with the resistance line being broken. I entered a long position on a retest of the broken resistance line.
My target price is 31.80.
SHORT POSITION— “A minor correction to $71,645 or higher!”Bitcoin has entered full manipulation mode. The waves are accelerating, and as I warned yesterday, the slow bleed has begun.
There’s a top red trendline that connects the wicks and the upper body of a key candle, signaling correction territory. Below that, there’s a green line in the same format, pointing toward a bull run. This top red trendline agree perfectly with my sharp shark fins—a strong signal that correction time is here.
This is for short-term traders. Long-term holders, you’re safe; Bitcoin isn’t crashing, just correcting. I’ve marked red arrows pointing to my shark fins for clarity. The Ichimoku is hovering around the dip’s end, though I’m not claiming that’s exactly where price will settle. Right now, I’m using GANN and ATR. I’ve added Ichimoku as additional guidance. After comparing with my smart money whales and dark pools, here’s what’s happening: The bait has started, and new retail investors are being lured in by none other than Grandpa Tom.
The price will dip to one of these levels. When the correction wraps up, I’ll be looking for Bitcoin to rise above my contraction line to confirm a re-entry.
I didn’t connect the double-bottom zig-zag to the wicks, so you can clearly see the double is filled. While many signals point to correction, that’s not my primary focus but my smart money movements.
This is the result when Grandpa Tom, the shepherd of the herd, stirs up excitement, telling everyone Bitcoin’s headed to $100k right now. My advice? Don’t follow Grandpa Tom’s hype. He tends to jump in at pivot highs. I even told Grandpa Tom to stop spreading his pivot-high advice, but he brushed me off, saying I didn’t know what I was talking about and I needed to “research more.”
GBPJPY: Day 3 breakout traders long!Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2 ✅
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout ✅
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: this is currently my main thesis at the moment, the market itself is still inside the previous weekly range, but in the new week is pumping higher making constantly higher highs and higher lows. Day 3 breakout traders long is a signal that depending on the template can explode in the direction of the trend or reversal. However, yesterday the market closed out of balance and today it can still keep going higher targeting the previous HOW, completing then 2 weeks of dump and pump template. Today, Asia placed a higher high into the yesterday HOD and is currently retesting the most recent low. FOMC and other news are in schedule for the day, but if the price will consolidated around the current level, I would be willing to take this long opportunity for 100+ pip.
Short: at the moment I'm not interested in the short scenario, unless the market will pump back up into the closing price of yesterday, consolidating for a short trade opportunity which I will consider only a scalp, eventually back into the current LOD.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
For this report we’re going to use the same chart as the election projection seeing as the levels are working well. We have lower support now at the red box defence line which did it’s job at 2660-5 while resistance stands at the 2710 level. Breaking above the 2710 region we have the key level 2730-35 which is where we would ideally like it to go before we see a reaction in price, a clear sign of reversal and then potential to attempt the short again. Please note, the chart shows the extension of the move into the 2750 region, which is possible if they want to really drive it volume.
We’re in a scenario here where we can’t long as it was already suggested traders hold long runners from below, which was the ideal entry level for this retracement. The only thing we can do now is sit it out, or, as above, look for a decent set up for the short.
RED BOXES –
Above 2704 look for 2710 and 2728
Below 2693 look for 2675 and 2667
Simple one again this time round, it’s been a great week and today topped it off with us managing to trade it down and back up again. Not looking to risk a lot on this, if anything.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
BITCOIN new ATH soon Hello and greetings to all the crypto enthusiasts, ✌
The previous two analyses regarding Bitcoin have achieved their upward targets, and in this analysis, we will summarize Bitcoin's movement in the relevant time frame. 💣🚀
In the last few days, we’ve seen an impressive surge as the price has not only shattered its all-time high (ATH) but has also broken through multiple significant resistance levels. At this moment, we have a powerful support level and a solid trendline in place, both of which are pivotal for our trajectory. 📚✨
I’m very optimistic that these key factors will drive substantial growth, positioning us to reach a new ATH in the near future. The potential for upward momentum is strong, and I’m excited to see where this journey takes us! 📚🙌
🧨 Our team's main opinion is The price has recently surpassed its all-time high (ATH) and several key resistance levels, supported by a strong trendline and support level. This sets the stage for significant growth and the potential for a new ATH in the near future. 🧨
To enhance your understanding, I’ve summarized the key takeaways at the bottom of the chart for your convenience. I hope you find this analysis insightful and beneficial. ✌🎉
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
GBPAUD: Major Breakout ConfirmedGBPAUD continues to face significant downward pressure following the break of a strong upward trend line on the 4-hour chart and a broad demand zone.
These broken structures have established an expanding supply zone, suggesting that the currency pair is likely to keep declining toward the next minor support level at 1.9440.
“DARK POOLS VOLUME MYSTERY!” (Must Read)In my latest idea, Short Position, I mentioned a target around $71,645, maybe higher. We’ll need to wait and see where the price ultimately lands on one of my carefully plotted Gann levels.
Now, in this idea, my “Whales Master Pattern” contraction line pinpoints the true value at $71,234—eerily close to my ATR value calculated in pips, which nearly matched my Gann level.
Let’s be clear: my most trusted indicator is none other than the Forex Master Pattern, with the smart money true value line and contraction. It’s my #1 analysis tool, designed by smart money itself. I kept my short position using Gann levels, paired with my ATR-calculated pips, and both aligned almost perfectly with my Gann prices. That’s why the short position remains.
Here, we’ve got my previous and recent manipulated volumes, highlighting the movement of money flow. Next up, those lime-green candlesticks—they’re coded to the standards of the whales themselves. Dark pools are woven right into those lime candles. The green columns represent hidden dark pool buys, pushing the price up, while the purple columns signal dark pool sells—the hidden money flow in the phantom underworld. Notice the pattern: green columns lead to purple columns. The price corrected to the Forex Master Pattern’s true value line, then surged to a new ATH.
See for yourself what’s unfolding. If I ever doubt, I turn first to ATR—it’s my trusted source for reading prices calculated in pips. Next would be Gann, but I never use it alone because Gann can be misleading. When my Gann lines align with ATR and smart money levels, then it’s golden treasure.
Now, why a new short position idea? Well, because Grandpa Tom (the self-proclaimed shepherd of the herd) declared I was “full of hot air” and scoffed at the idea of manipulation. He told me, “Look at the money flow! It doesn’t lie.”
So, I explained dark pools and whale manipulation. And Grandpa Tom, in all his wisdom, says, “Whale? That’s a big fish, isn’t it? And the only pool I know is my cousin Harry’s swimming pool. What’s all this got to do with money flow?”
Then Grandpa Tom stormed off, raving about how I should be “locked up in a mental institution.” Ah, the insights of our dear, air-headed Grandpa Tom!
Euro can decline to support level and then continue to move upHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some time ago rebounded from the resistance line of the wedge and fell to the support line, which coincided with the resistance level and started to grow. In a short time, EUR rose to the resistance line and then started to decline, thereby exiting from the wedge. Price continued to decline inside the downward channel, where it broke the 1.1000 level, which coincided with the seller zone and reached the support line, but at once rebounded and made a retest. Then it continued to fall and later reached the 1.0760 support level, which coincided with the buyer zone, after which turned around and bounced to the resistance line. Euro exited from the channel and continued to grow near the resistance line. When the price reached 1.0825 points, it made a downward impulse, thereby breaking the 1.0760 level, but a not long time ago it turned around and rose back. At the moment, the Euro trades near the support level, and in my mind, the price can correct to the support level and then continue to move up. Therefore I set my TP at 1.0900 points. Please share this idea with your friends and click Boost 🚀