Since 2022 BTC as maintained a bearish momentum which doesn't show any signs for a bull run but an eye for support at $16,000. The golden question here is, will support hold? Are we going to get a fakout to $10,000 before buyers steps in? Only time can tell.
With central banks having to promise they would deal with the liquidity crisis that is apparently everywhere and avoid another 2008-style meltdown of the industry. Crude oil prices came off their lows as the near-term outlook for the banking sector improved, easing concerns about an economic slowdown later in the year. Markets are also holding out for more cues...
This week NFP release will be the center of attention for future interest rate release from the federal reserve. With price currently within indecision, we might as well be expecting a breakout or a rejection from supply at 81.87 due to newly weekly mitigation at 73.70 which buyers have shown momentum in the last seven days. If price fails to break 80.53-...
With NFP adding 257k jobs last week Friday the greenback increased by 1.23% which correlated to further oil decline after supply stood their ground a week prior. As price approaches a major support level at 73.58, a rejection would see buys towards 76.70-77.43 range if price fails to break 72.43 If 73.58 holds as a major resistance and price breaks 72.43, I see...
With NFP being released this week Friday, WTI has yet again maintained a strong supply level at 81.87, this take us back to the monthly time frame where there’s been more buying pressure and shift of sellers momentum on the weekly time frame. If 79.50 holds as a solid resistance, we could see price fall towards 78.10-77.43 range where I would anticipate a buying...
This video explains 3 concepts, technical, fundamental and sentiment analysis. All three were used as a solid confluence which gave a remarkable 500+ pips move.
Potential buys at $14000. We saw price reject supply zone area at $69000 before taking liquidity with series of highs and lows breaking structure at $36200 which is expected to continue towards $14000 for a potential overall buys where bullish liquidity lies.
Price is within a weekly resistance and which already got rejected and is within a falling wedge on the 4 hour time frame. I executed a sell here once price closed in below the fibb level which was an inside bar reversal candle. All EMA also acting as a dynamic resistance. Stoploss was set at 40pips to recent highs.