Eldorado_Land

Eldorado_Land Updated 

👀As we've seen today, the US dollar has strengthened against most major currencies, with the exception of the Canadian dollar. 👉This may be attributed to the somewhat disappointing August non-farm payroll data!! 🧐Markets are now keenly awaiting more significant economic data releases this week, such as the CPI and the European Central Bank's interest rate...

Eldorado_Land Updated 

📣Despite the recent decline in Bitcoin's price, "Michael Saylor", a prominent figure in the cryptocurrency market, continues to advocate for holding onto Bitcoin. This comes as some analysts, citing recent US employment data, anticipate a potential interest rate cut by the "Federal Reserve", which could drive up riskier assets like Bitcoin. In this analysis, we...

Eldorado_Land

🆕It's certainly concerning to see BlackRock, a financial giant, experience its first outflow from its Bitcoin Trust. This could indeed exert downward pressure on Bitcoin's price, especially in the short term, as it may signal a shift in sentiment among institutional investors. ⭐However, it's important to consider the broader context. While BlackRock's outflow is...

Eldorado_Land

📌As recent reports indicate, a slowdown in job growth in the United States has prompted the Federal Reserve to consider lowering interest rates. A reduction in interest rates typically leads to a depreciation of the US dollar as investors seek higher returns in other currencies. This depreciation can, in turn, increase demand for Gold as a safe-haven asset,...

Eldorado_Land

🔻🔻For the price to continue its decline towards the first target (50096.10-52489.40), the daily candle must close below 55606.00✅ ‼️Target 1 aligns well with the bottom of the weekly bearish channel, and there is potential for a bearish divergence confirmation at this support zone if the price declines. 🙅Therefore, we consider Target 1 as the maximum drop...

Eldorado_Land

💎#BITCOIN / ⏱4-hour Timeframe 👉After encountering significant resistance at the weekly channel's midline and the weekly #BITCOIN resistance (59661.3): ✅We anticipated a decline. However, whether this decline will continue depends on the structure that forms🧐 🔻On the 1-hour timeframe, after falling from the weekly resistance, we've witnessed the formation of a...

Eldorado_Land

🏅#GOLD / ⏱Daily Timeframe ‼️Given the current position within an bullish channel and above the monthly support (2466.520): 🎯#GOLD could continue its growth towards the following targets: 🚀Target 1: 2523.800 🚀🚀Target 2: 2568.650 🚀🚀🚀Target 3: 2634.000 ❌The stop-loss for this bullish scenario is a breakout below the support at 2634.000 and the bottom of the daily...

Eldorado_Land Updated 

💎#BITCOIN / ⏱4-Hour Timeframe ‼️With the start of the new month (September), the monthly pivots have been updated, and importantly, the price has encountered the monthly pivot (57877.92) from above as a support level. ✅This support is not the only one that #BITCOIN has encountered, and the high of the bearish channel and the lower arm of the wedge should also...

Eldorado_Land

💎#BITCOIN / ⏱1-hour timeframe 👀BITCOIN , after forming a double bottom pattern and confirming the bottom formation by breaking the neckline: 🔻experienced a slow decline within a bearish channel and reached the previous lows. 🔥Now it has reached the high of this channel and it's a very important area for decision making‼️ ✅Bullish Scenario: If it breaks 59371...

Eldorado_Land

💎#BITCOIN / ⏱15-minute Timeframe 🚀Based on the breakout of the neckline of the double bottom on the 1-hour timeframe, the initial confirmation of the bottom formation and the start of an bull-trend has been issued!! ‼️However, subsequently, #BITCOIN re-entered the double bottom range. ✅Following the confirmation of growth based on the double bottom, if the...

Eldorado_Land

🔥#BITCOIN / ⏱15-Minute Timeframe 👉Given the sharp decline followed by a slow recovery in the form of an bullish channel, there was a possibility of a continued decline towards the previously mentioned targets. ‼️However, after breaking the bullish channel downwards and issuing a sell signal, BITCOIN grew, and patterns neutralizing this sell signal were...

Eldorado_Land

🔥#BITCOIN / ⏱15-Minute Timeframe 👉After a sharp decline that began yesterday in BITCOIN, we're witnessing a slow-paced recovery. ‼️However, BITCOIN is still trading below its weekly (62335.77) and monthly (62731.31) resistances📈📉 🔻As a result, the inclination towards a continued downtrend persists🔻 ✅If it's going to drop from this current level, we should see a...

Eldorado_Land Updated 

📈#BITCOIN / ⏱4-hour Timeframe 🌟Following an erosive downtrend in a bearish channel, #BITCOIN has experienced an erosive uptrend within an bullish channel (green and red channels in the figure). There is a possibility of a price decline🔻 ✅Condition for a decline: A breakdown below the 4-hour bullish channel‼️ 🎯If this occurs, #BITCOIN could target: 1️⃣Target 1:...

Eldorado_Land

🥇#GOLD / ⏳1-hour timeframe: 👉GOLD is currently within an rising wedge pattern on the 4-hour timeframe. 👉Additionally, it's trading above its weekly support at 2505.100. ✅As a result, there's a bullish bias towards the following targets: 🎯Target 1: 2539.220 🎯Target 2: 2565.950 🎯Target 3: 2581.773-2585.950 ✅There are two key support levels that could prevent a...

Eldorado_Land

⭐In the 4-hour timeframe, based on the gradual decline within a bearish channel followed by a gradual increase within an bullish channel, it is highly likely that #BITCOIN will make its next move based on one of the following patterns: ⏳#BITCOIN / 4-hour timeframe ✅Scenario 1) Movement based on a wedge pattern In this case, #BITCOIN experiences a decline to the...

Eldorado_Land

👉Based on the formation of a double-bottom pattern and its confirmation by breaking the neck-line on the daily timeframe, #VELO could experience a new bullish trend. 🎯Two targets can be considered for this bull-trend: Short-term target: 0.01917-0.02042 Long-term target: 0.05370-0.05713 ✅In case of a temporary decline, the best support levels to stop the decline...

Eldorado_Land Updated 

👉In my opinion, #BITCOIN is in a neutral condition. 👉On one hand, due to the gradual growth, there is a possibility of a drop. On the other hand, due to the potential formation of a triangle pattern on its weekly support (58768.63), there is a possibility of growth. 👉As a result, I will provide you with both the growth and drop scenarios based on a 15-minute...

Eldorado_Land

📉📈GOLD / ⏳1-Hour Timeframe 👉Following up on the previous post, considering the price touching the mid-line of the 4-hour bullish channel: 👉There is a potential for growth based on the formation of a head and shoulders pattern or continued decline based on the breakdown of the head and shoulders channel. ✅Growth Scenario: If the price grows and breaks above the...