Adoamigo

Adoamigo

Bearish Outlook and Macro Perspective As in my previous remarks, I signaled an unstable #100k level, which has developed into a failure even to touch this mark. This reflects a loosening in bullish momentum, as many holders and investors are now taking profits. It's important to remember that there are also long-term holders (over 5 years) who experienced losses...

Adoamigo

Bitcoin (BTC/USD) on a 4-hour timeframe , exhibiting significant recent bullish momentum with some indications of a possible bearish retracement. Below is a detailed analysis: 1. Price Action and Channel Formation Ascending Channel: The price is trading within an ascending channel, which often acts as a bullish pattern. However, it has recently touched the...

Adoamigo

Technical Analysis Update Since reaching the 68,200 level on July 22, the price action has shown signs of a bearish trend. The RSI indicated a bearish signal, leading to a decline of 4,758 points or 6.97%. Currently, there are stronger signals at the moment suggesting that the uptrend is weakening, and the price action is approaching to break my drawn...

Adoamigo

The current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3. I anticipate significant market movement throughout the next week,...

Adoamigo

BTC/USD Outlook: As I mentioned in yesterday's post, buying power is still visible but very limited. My entry point (Sell Stop) order has not yet been triggered, so I reopened a manual position at my initial stop loss level. I am confident that BTC will drop below the 64k level again. I will actively monitor the price action throughout Monday's session. If my...

Adoamigo

Buying power in the BTC/USD pair appears to be very limited as it was rejected from the 67,350 - 66,500 resistance cluster. Additionally, there is a bullish divergence, leading me to expect the price action to retreat back to 64,500. I have set a pending sell stop order at 66,124 , targeting 64,357 in the coming days. It is important to mention that I always...

Adoamigo

GER40 Index / DAX Outlook: The DAX is pivoting at the resistance zone of 18,771.2 after a strong bullish uptrend that began on June 14th. This rise was followed by significant stop-loss hunts during the release of US news. Notably, I have observed a pattern where the weekly 100 MA and daily 50 MA crossed on the 30-minute chart. The last occurrence of this pattern...

Adoamigo

Technical Analysis: The $64,075 resistance zone was tested, but concurrently, my medium-term selling orders around this level are about to be triggered with targets set at $51,513. I see increasing resistance in the $64,075 range, and despite the strong bearish candle sequence on the chart, Bitcoin remains neutral to bearish. It is currently teetering around the...

Adoamigo Updated 

#Bitcoin is beginning to recover as it approaches the $26,000 level, forming a valid trendline after rejecting the previous $25,000 level (Bullish Orderblock). The current price action is approaching a crucial resistance cluster between $27,300 and $27,500, and there is a healthy daily candle above the EMA 50. The price action broke through the EMA´s 50 & 200...

Adoamigo

It's been a while since my last forecast on BTC. This year we experienced significant changes, positive for BTC. Anyway, the price action is slowly entering consolidation between the 25100 - 31000 range. As the blockchain improves (faster and more secure transactions, with much lower gas fees) and the halving is approaching in less than a year, the signals are all...

Adoamigo

It is now clear to us that gold is in unnatural trading conditions. The increase in interest rates in addition to the dovish stance, the market has turned to the bears and the buying power is slowly evaporating. However, I'm currently waiting for a breakout to give us a clear direction. In the next week, I am waiting for the support zone to be broken on the chart...

Adoamigo

UPDATE: My stop loss was triggered, the mistake was where I selected my stop loss at a narrow level, due to high volatility. The gap between Inflation rates and Mr. Powell's speech was enough to keep the price going lower, unfortunately so the candlepin poke my stop loss. The gap I`m rebought gold at my Stop loss level as I expect Fed dovish. The Targets remain...

Adoamigo

After today's CPI news, a bearish move has clearly been postponed. After the rally to 1823-1823.80 buyers closed their positions in profit and the price came back and tested 1806.5. I decided to open a Long position at 1808.5 ( 61.8% Fib Level) my current strong support. I set 1798.8 as Stop Loss, and my first target is 1833.00. If gold Break and closes above...

Adoamigo

What if you could predict the future of bitcoin right now? Looking at the weekly chart, I saw that the current price is in an interesting position. At my last post, bitcoin was at the 17100-17200 level, currently it has already reached 17800. We witnessed that the news plays a big role at the moment. Whether this December is the beginning of bitcoin's recovery...

Adoamigo

A quick update, my goal today's goal has already been accomplished. Gold managed to reach the 1779.40 level (my first target). I move my stop loss, or trailing stop to 1786.55, locking in small profits, and enter a new target of 1771.50. Tomorrow we have to be careful and watch the CPI data. If it goes as expected, I will take the risk and open new short...

Adoamigo

A very unusual start to the new week for gold, if we compare it to DXY, Gold fully ignored Dollars price action, whether tomorrow's news will calibrate it remains open. I am very optimistic that tomorrow's data will be as forecasted. After spotting this tilted H&S pattern on my PP Resistance levels, I finally decided to open a selling position after the price...

Adoamigo

First I want to congratulate all the traders who noticed my last post for silver. It is important to mention that DXY had little impact on Silver compared to Gold, we briefly saw volatility but the bulls were strong again. The bullish growth was supported by the double tap on my mentioned Support area, the breakout of my Daily MA & the RSI with "healthy" uptrend...

Adoamigo

The agony of traders has been immense for the last 3 sessions. We are witnessing that currently news about inflation and recession play a big role in the price movement. Gold touched the Resistance cluster at 1808.5 and after the data release it fell by an incredible 42 points, after which surge again towards the 1800 level. Technically, it is very difficult to...