I believe that Bitcoin's structure remains bullish. As long as we stay above this channel and don't break down, we can expect a strong move from Bitcoin. Let's stay optimistic! Good luck
Gold has reached a new all-time high (ATH), signaling strong bullish momentum. The breakout above the long-term rising trendline, which previously acted as resistance, indicates a shift in market structure. The resistance zone has now turned into support, confirming buyers' dominance. A minor pullback or retest of this breakout level could be expected before a...
Gold remains bullish on its 1D technical outlook (RSI = 60.836, MACD = 52.960, ADX = 50.322) despite its oversold status intraday due to the strong selloff. This is because it remains inside the 2month Channel Up. Despite this, the 1D RSI displays LH that in contrast to the HH of Gold, wave a bearish divergence flag. Last time this was observed was on the October...
The latest chart update shows that price has fully cycled from the 100% to the 25% quarter level within the bullish ascending channel. After failing to break the 2920 resistance due to a decrease in order flow, price continued its descent towards the lower boundary of the channel. Upon reaching this key support zone, order flow for buying pressure significantly...
### Key Levels: 1. *Buy Entry at 85,000*: This is the price level where you're considering entering a long (buy) position. 2. *Resistance at 82,500*: This is the level where selling pressure might increase, acting as a barrier to upward price movement. 3. *Demand Zone at 88,000*: This is the area where buyers are expected to step in, creating support and...
BTC/USD Sell Signal 🔹 Entry: 88,300 🔹 Take Profit Targets: TP1: 94,000 TP2: 98,000 TP3: 100,200 Final Target: 106,200 🔹 Stop-Loss: 80,500 Trade wisely and manage your risk! 🚀 It looks like you're identifying a buy zone at 88,300 based on your H4 (4-hour) chart analysis. Here are a few things to consider: Key Technical Factors to Watch: 1. Support &...
Bitcoin sharply dropped to the identified support level and the bottom of the drawn channel after breaking the $94,000 support zone. In this area, we expect a bounce toward the next resistance level an the top of the channel. After reaching this resistance, price action should be closely monitored to determine whether Bitcoin can break above or face rejection. A...
- Gold prices corrected as investors took profits following a brief consolidation near recent highs but maintained an upward bias amid uncertainty over Trump's tariffs and policy plans. - Meanwhile, strong ETF inflows and weak US economic data, reinforcing rate cut expectations for Jul, supported gold prices. - All focus is on this week's core PCE release to gauge...