BTCUSDTBTCUSD ,the daily candle broke supply roof and i expect today candle to see more buy pressure and if the weekly candle breakout of supply roof ,we will see correction into broken supply roof as our new demand floor for uptick.
the retest of previous all-time high is on the line and the probability of a new high in the zone of 83-81k and more advance buy could reach 100k
Trend Analysis
XAGUSDSILVER will continue to surge along with gold in line with global demand and its industrial application a bullish catalyst .
the trend have more resistance descending trend line than bullish ascending trendline.
i expect silver to move like GOLD .
BY 2030 SILVER will out preform gold on industrial demand application
XAUUSD MONTHLYGOLD upticks not surprising to us and a quick look into monthly analysis shows that price will continue its uptick amidst geopolitical tension and central banks rate cut, influx of liquidity will be high to reinforce Gold a a top tier asset and a safe haven in time of inflation and unrest.
the uptick could price surge into 2800 zone based on the structure and sentiment.
after price broke supply roof and retested ,it changed from supply to demand on bridging 2000 level.
the market is based on demand and supply and the moment demand outweighs supply meaning people will continue to buy irrespective of the overbought of the yellow metal
XAUUSD Top-down analysis XAUUSD is in all time high.
Monthly : Historically GOLD is bullish we see market just has broken out of the previous monthly high and currently approaching a new level. As the momentum is high, this week we may see further upside.
Weekly: After back to back 2 weeks of bullish momentum, this week we have seen that market again started to bounce back up with strong bullish engulfer. As Weekly price is in expansion face we may see this week as well a bullish momentum.
15min : This is the timeframe I will be intending to enter the trade. We can identify the support trend line will be waiting for a potential break of structure to the support for entry as explained in the video.
EURJPYEURJPY,the monthly structure shows that eurjpy is still bearish while the weekly is bullish.
so on intraday look for a strong demand and supply level to buy and sell.
if you get cut on the sell in the wrong analysis it will be painful, because the monthly is bearish and is trading on bearish impulse
Most Probable Path for Platinum Moving ForwardPlatinum may very well be developing a C&H pattern over the longer term, lagging gold and silver's similar pattern
This makes sense, as gold is the cyclical driver of the metals complex.
A pattern of this magnitude would yield a tremendous breakout, and as such, speculators should take below 1000/oz platinum as an opportunity to accumulate, as gold foreshadows the lagging metal's next move.
EURJPYEURJPY, remains locked on a bullish bias despite japanese currency twist unexpectedly.
price ifaces mmediate hurdle which is also a litmus test for uptick ,i believe that patience is the only key to a clean trade .its best to wait on break and retest from supply roof to seat on demand floor for buy.
AUDJPYAUDJPY on weekly timeframe is bullish and have formed a double bottom which consider a bullish action and the break of the neckline with clean retest set price in a fresh rally.
to buy potential i need buying pressure to break and close the long tern ascending supply to use it as demand floor .
but if buyers fail to break and close with a possible of the supply roof ,price will go into consolidation phase and wait double confluence at the ascending trendline for uptick
bonkuusdtBONKUUSDT,shavyfxhub strategy which combines RSI divergence with daily candle rule and market structure ,the structure is playing on supply and i want a return into demand floor for further uptick.
based on the strategy we will advise that you allow price to area of value for trigger.
Transcript
Market Update - 10/19/2024All stocks that I follow are doing well. So much so that the stocks worth buying have probably already broken out and the following weeks only the laggards are going to catch up. Luckily I have some pretty nice positions in the leaders. Unfortunately I also have some laggards that didn't go anywhere, so I already took some off from them on Friday. Will probably have to continue weeding out the losers. Some stocks I'm excited about are NASDAQ:CORT , NASDAQ:AIRG , NASDAQ:CXDO and $asts. Good setups are AMEX:LSF , NASDAQ:DUOL , $app.
BTCUSDTON weekly time we got a clear direction and price will continue uptick until we get to the supply roof.
the next wave will pull price into 83000-81000 based on the structure.
but wait for weekly candle to close above resistance supply roof and wait for retest and go long into 83000-81000.
btc will see more influx of liquidity in coming months based on the structure .
Central bank want to cut rate and that be bullish situation for btc and other asset
Cycles and Sentiment may no Longer Matter - SilverWatch video for more detail on the trajectory for silver's next move
EDIT: in the video I said "convert unleveraged to leveraged"
I mean to say take profit on leveraged positions and convert to unleveraged accordingly depending on how quickly we approach 35-40
US30_reversal-only-at-43750so looking at US30, from a zoom'd out view, and where price came from i will onloy start to look at proper pull back below 43 750
this is my analysis of the reversal / pull back level for US30, coming towards the end of Oct / last week of Oct, right in time of the US elections, first week in Nov
Lets see how this play
BTCUSDTBTCUSDT,on breakout of weekly candle from weekly supply roof puts bullish bias ahead in coming days for crypto enthusiast,
the weekly candle break out has to be confirmed by Sunday to be a clean breakout to foster more growth and on retest will be a buy which could lead price to 83000-81000 zone based on the structure of the market.