Many traders are turning bearish on Bitcoin, but the bearish trend is not confirmed yet. Bitcoin’s price should first touch the long-term major trendline before a potential reversal. A good strategy is to sell at the trendline or use the Fibonacci extension tool for targets. Bitcoin is in the final phase of its bullish cycle, which started in 2022 and is...
XAUUSD (Gold) 1H bullish trend based on ICT trading strategy. Bullish market entry after a little downtrend.
The recent price action shows a consolidation phase following a sharp decline, suggesting a potential reversal opportunity. Given the historical support and resistance levels, a bullish trading setup can be considered. Trade Setup: Entry Point: $67,524 Target Price: $69,590 Stop Loss: $66,529 Risk/Reward Ratio: 2.23 Technical Analysis: Support Level: The...
Consider initiating a short position in the BTCUSD pair to capitalize on potential downward price movement in Bitcoin against the US dollar. Utilize technical analysis indicators and market sentiment assessments to identify optimal entry points, and implement strict risk management strategies such as stop-loss orders to manage potential losses effectively. This...
EUR has a very low support. This is my tech analysis for this year. Let's have a look.