In the current situation, Bitcoin has experienced a dual scenario due to fundamental conditions in the past month. The inflation rate for the United States has remained steady at around five and a half percent, and discussions have taken place regarding raising the debt ceiling and its impact on the market. The risk associated with Bitcoin, along with the...
During the past week, the price of gold remained within the trading range of $1970 to $1938. This indicates that the market requires additional information in order to break out of this range. The upcoming release of inflation data and the Federal Reserve meeting next week will likely provide the market with the necessary clues. Given the current circumstances,...
This picture describes the main macroeconomic events that have had significant effects on the Ethereum price trend in 6 points. 1) POW change to POS. 2) Continued growth of the inflation rate and increased pressure of 75 units of the interest rate. 3) The ceiling has formed in the Core CPI rate, indicating stabilization of the maximum inflation level in the...
Wall Street futures rose more than 1 percent on Tuesday as falling U.S. Treasury yields boosted demand for stocks and investors awaited more economic data to gauge the path of monetary tightening. Data on jobs and factory orders will take center stage after the market opens, a day after weaker-than-expected manufacturing activity showed rate hikes tamed demand...
Examining the four-hour time frame and analyzing the Elliott patterns show that the recent uptrend in gold has strongly confirmed that the downtrend that started on August 10 has been completed at the bottom of September 28 and is building a major corrective movement. The most important point is that the rotation of momentum in the weekly time frame is a...
As the price of Bitcoin moves forward after falling to its most recent bottom in the past two months, it is showing a clearer picture of the pattern being formed. During the last month, the price trends did not go below the support range of 18,900-18,500 dollars, and the market has recognized the price of 18,000 dollars as a floor. In the midst of the buts and...
The upward trend continues Momentum in the daily time frame continues to show an increase in the willingness to buy. In the fifteen minute time frame, the previous pivots indicate an uptrend.
Due to the shape and pattern of the recent downward movement and the creation of a neutral movement after that, the probability of continuing the downward movement after the completion of this pattern is high.
The price trend is moving in the upward channel We expect the trend to reach the specified range
A midday position
We are waiting for support within the specified limits
We expect prices to rise in this downtrend channel
If the price touches 1.24330, it will move upwards to the specified profit.
With the trend reaching 1.11855, the probability of continuing the decline to the specified target is high
this position is a very low risk trade !
If the end-of-correction scenario is correct, the proposed sales transaction will be useful
If the market reaches 1.1275 before the price reaches 1.1306, there is a possibility that the decline will continue to the specified profit.