Edgezone

Edgezone Updated 

The Weekly Delta is positive and increasing. Bitcoin has had a good rise in the last few days and is in the area above the important 63.000 level. The seasonality also speaks in favor of Bitcoin at the moment. I take a long position with a narrow risk reward of 1 to 1.92 with potential for more.

Edgezone Updated 

Projection Short Gold confirmed. Getting started with Risk Reward 1/2.

Edgezone Updated 

The CHFJPY had a nice setback yesterday which now offers a possible good entry for long positions. A price target in the area of ​​61.8 percent retrenchment would be realistic. The possibility of new all-time highs is also worth noting. So it's a very tempting time for long-term trades.

Edgezone

AUDJPY touches down on its daily value zone several times. Entry long with target in the 61.8 retracement area. 1 H Delta just before positive.

Edgezone Updated 

Good entry long for the coming expansion in Bitcoin. Potential up 5 percent Minimum.

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Strong Buy AUDUSD! Entry after a pullback in the area of ​​0.6720 and stop below 0.6665. The projection results in a target at 0.6900. (174 Pips) Risk/Reward: 3.26 Reasons: Weekly Delta Positive and rising. Lots of dormant liquidity in the area above 0.6900 Furthermore, the seasonal trend for the next 2 weeks shows strong support for the AUD!(5y) Plus Lots...

Edgezone Updated 

It seems as if Bitcoin still wants to go up. Possible good opportunity to benefit from the upmove in the next few days. Soil formation in the morning. So in the afternoon it should go up to possibly a week-ending spurt. A rising triangle is also forming, which can mean buying pressure.

Edgezone Updated 

EURUSD had a solid move higher yesterday and set it overnight. There is another short-term long trade for today. Risk Reward 3.2 If the red confirmation line is exceeded, the result is a target of 1.08859

Edgezone Updated 

Bitcoin has been able to maintain its strong position since the beginning of the week. The 4 hour volume delta turns positive. I assume a minimum target in the area of ​​the 61.8 retracement (59770).

Edgezone Updated 

Today, Friday July 5th, 2024, a trend day in gold could develop. Gold has shown strength in recent days and the dollar is weakening. Given the upcoming NFP news for today, a trend could be building that could reach the 2400 levels.

Edgezone Updated 

Short Trader Capitulation Level 60.600 Go long with stop order above 60,600. Potential for the move is up to 68,000. If the price holds above this level of 60.600 for a longer period of time or breaks through quickly, the open shorts will be closed out of frustration. That should provide upward momentum.

Edgezone Updated 

Short Traders trapped.... The downmove is overstretched in price and time. Despite the pressure, the short sellers were unable to push Bitcoin further down. Now that Bitcoin pushed down again on Friday but didn't make any further progress, it's time to collect liquidity from the shorts.

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Range has been mapped out. Long Entry. Stop below low as recommended in the chart. Nice risk reward.

Edgezone Updated 

The confirmation line for the target projection is triggered and Bitcoin is picking up downward momentum. Target 60,000

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#Bitcoin trend downwards weakens. Reduce short positions and/or trailing. Cycle for upmove is overdue and price reaches strong buyer levels and buyer action increases at the last swing lows. Focus on entry long with liquidation of long stops. (Counter at the end of the month)

Edgezone Updated 

The market went into a contraction followed by expansion over the weekend. It could be that the trend phase is just beginning. A clearing of the long stops of the Friday trends is very likely and there is a nice value area underneath.

Edgezone Updated 

BTCUSDT Chart Analysis Data The chart analysis was conducted using weekly charts of the BTCUSDT price from 2011 to the present. Technical Analysis A clear uptrend is visible on the weekly chart. The BTCUSDT price has risen in 2023. The resistance level of 32.000 was reached on Jul 2023, but not exceeded. Since then, the price has declined and has now...

Edgezone

The Euro rose today after the NFP report (Non-Farm Payrolls) missed expectations. The report indicates the number of new jobs created in the US outside of the agricultural sector. It is considered one of the most important indicators of the health of the US economy and the monetary policy of the Fed (Federal Reserve). The NFP data shows that the US economy...