Nobody looking to buy at these prices esp when Gold breaking out, Sell into halving hype ride the wave down to min target 30K, bouncing along the way, when Gold tops out, then we swap to Digital Gold a.k.a Bitcoin, ride back up to new ATH.
Long term play, Current trajectory giving us a min target at 4K, in 1-2 years, possibly sooner.
Looking to play the liquidity grab before the pre-halving move.
Price action study 2023 10 21/22 Based on previous report, started down, drawing into POI above then revert to Mean.
Bounce before final capitulation (projection from April fractal), also lining up with 5Y seasonal charts Upside target 1885, possible short entry, then come down to take out 1804 Lows... Targeting mid 1700's, not expecting market to spend too much time in that zone, before upside to take out 2000 highs, by Q1 2024.
EUR/CAD setting up for swing short, cloudy eMA guiding us down.
Based on previous study, internal targets highly likely, external targets most probable.
Gold looking to follow up on 2023 Central Banks' buying spree, Seasonal pattern on point this year.
Referencing past volatility, Things could get interesting in the next 6 months... Brics, Ukraine, Israel etc... Happy Trading Fam ;)
Based off of previous action, and with current global events we might be looking at some explosive moves incoming
Backtest on BTC Weekend action, been testing for a about 3 months and found that BTC hates gaps between Friday's close and Sundays' Open. Lined out are the highs and lows before friday close, price action will float to take out either Highs or Lows... lets say these are POI, disregard any bias since its a weekend trade, Entry around POI, TP at Friday...
Cycles have a tendency to repeat themselves. Highlighted is the August to October months going back to 2010, on average these months are mostly bearish as we look forward to the wedding season. Technicals based off the 200 and 50 EMA's, another decent setup for Daily or lower time frames would be the 100 and 21 EMA and using their crosses accordingly