I'm still bullish #bitcoin but I'm not as certain as I was before! The 2 green highlighted levels are still holding up. I'm my view, either bank's & institutions are filling orders before the next leg up which will be a new all time high again! However, if this is a battle between buyers & sellers, I'm not too confident these levels will hold. If they don't,...
Price action & the reactions to demand levels/support lines are reacting very strong. I see the dollar continuing to rally through this supply zone/resistance & head toward the 106 level where there's more supply & resistance. TVC:DXY
Oil hit a supply zone on the 4H timeframe during the yesterday’s U.S. session and sold off into the close & has continued falling in the Asian session. As of now it’s sitting around the $81 level and there’s a gap highlighted on the 1H timeframe that I have an alert set for! Unless some news develops till then, once the gap is filled I’m going long
Every now, and then, when I see a sneaky location where orders might be hiding, I throw up the fibs just to see if it lines up with the 618, not even the 50! This is a perfect example of a sneaky level on the 1H timeframe that lines up with 618. This is a trade I would take, especially watching the Price action during the London session, I see gold I continuing to...
The $62,200-$62,400 level seems to be weakening but has held up during the weekend. I know it’s a $200 range but that’s where the candle leave behind a wick and zoom out of there. This is either a fake out from the whales or we will see new highs sooner than later. For now the sidelines seem safe until the level on top gets penetrated or the current level fails in...
Just like oil, gold is just bullish for the same reasons. Wait for the pullbacks, especially when the dollar hits the Supply zone. Oil and gold will gain against the DXY…set your alerts!
#gold #futures
The dollar rallied out of that wedge on the daily timeframe and it’s definitely bullish, but there’s a supply zone up ahead at the 104.75-105.50. I’m staying away from the rest of the rally up and just waiting for it to hit the supply zone To go long 6E & M6E. I’m saying my alerts right after this post! Have a great trading week everyone
The highlighted level did have a reaction and made some gains during the Asian session but it seems the buyers are running out of steam. Look at the level before. Its still in a bull market but the pullbacks are pain full to watch if you're long BTC
I only take 3 to 5 trades maximum per day sometimes none if there’s no set up! Today I got stopped out of corn and now I’m short gold and the S&P through micro futures so I can scale out if necessary
In continuation of my dollar analysis for the near term, the DXY broke out of the wedge to the upside. Bitcoin & Gold are strong & oil is steady as of now but can easily pop to the upside with the wars & geopolitical situation in the world.
I also still believe strongly that the markets will continue to rise ahead of the elections. This week seemed to follow the...
If the highlighted level below doesn’t hold and make bitcoin move higher, and probably to all-time highs again But if it fails, we could see bitcoin full to the 56 or $58,000 Range
For me the Dollar keeps telling me a different story for the last few months! Now it's forming an interesting wedge on the daily timeframe with 2 wick/pin touches & immediately bounced on both trendlines! Whichever direction the price goes, it will trend for a while.
I'm assuming it will breakout to the upside due to the weakness in the eurozone & the instability...
Crude Oil has fallen from it's high of about $83.55 in late May, consolidated for about 3 months & a sneaky double top was formed(highlighted box). Exxon has also come of it's highs of about $120 in April, now trading @$104.29, which followed another high of $120 in February, creating a double top on the weekly charts.
Exxon (XOM) seems prime to fall with a...
