Gold (XAUUSD) has been highly profitable after breaking a key resistance level and reaching a new all-time high. The strong bullish momentum has created a parabolic move on the daily time frame (TF), which often signals an impending retracement or correction as the market seeks stability. While the overall trend remains positive, a pullback could occur soon as...
Bitcoin (BTC) recently experienced a sharp and aggressive drop below the $78,000 level, filling the CME gap in that region before making a swift recovery. This liquidity grab triggered a strong bounce, pushing the price back above $80,000 in a rapid reversal. Currently, BTC is trading around the $85,000 level, aligning with the 200-day EMA on both the daily and...
Possible we will see another downside today if BTC will continue its downward movements below 6.6k. This is due to the breaking of the below channel line which is our support. This confirms the next Elliot Corrective wave C will be materialized at 0.382 fib.ret from daily swing low to swing high. It might also swing at 618 fib.ret level from swing high to swing...
It might materialize the rising wedge of BTC in daily TF
It might materialized the rising wedge but if not then a flag pattern will replace as rally
ETC formed a Hidden Bullish Divergence & Bearish Pennant in 4hrs Time Frame.