giorgiovie

giorgiovie Updated 

US Dollar and 10Y Bond are moving lower and Gold is moving higher, looks like a corrective move, but time will tell, at the moment i would try to sale a rejection at the high board of the ascending broadening wedge that Gold is forming, would really waiting a clean rejection prior shorting with TP down to 1653, 1647 and 1639 ; RSI is overbought from 15 M up to 4H...

giorgiovie Updated 

ETH is in a similar situation as BTC, inside a small descending wedge , at least it is forming, rejected from DO at 1333, RSI in oversold area from 15 M to 1 H , technically as BTC can move up now or may continue to move inside the wedge down to other support area; for me in this moment is a no trading zone as i do not really see any real opportunity, I would try...

giorgiovie Updated 

BTC is uder resistance of 19500, and is forming a nice broadening descendiing wedge that usually break up more than down, so i will try to play the wedge only if we get another pull down to ML around 18500-18600, at this level after a rejection i would buy a small position with tight stop around 18400 and see if the wedge will play out back at 19300-19500,...

giorgiovie Updated 

Gold has broken up from the wedge to the high of 1663,5 and now is correcting down, i see a small ascending wedge forming and will try to short it from the high down to 1539 ; a small position open and see the utcome, tight stop

giorgiovie

BT has been rejected again from the 19500 area and is trying to stay up just under resistance, that is not looking good , i think will pullback soon to the 19100 area, but i would not enter a trade until i see a nice bearish or bullish formation visible on the chart, this ping-pong play is not very easy to play, I preferred in this moment ETH that has a faster...

giorgiovie Updated 

ETH is still under saller pression, but it is forming a nice broadening descending channel that could break up , but down as well, as per my previous idea i keep on shorting, will long only when i see a sign of reversal that i really do not see at the moment, so good spot for shorting are in order the first at rejection of broadening wedge, second rejection at DO...

giorgiovie Updated 

Gold is still bearish and inside a descending channel, but RSI is signaling oversold area from 15M to 1H and in the process to get oversold on 4H as well, so probably Gold is looking for a buttom that could be bewteen 1580 and 1590, I do not think the buttom is already in at least the local buttom, at this point i would buy a bounce of the 1590 area or a short of...

giorgiovie

ETH has been strongly rejected from 1400 as BTC from 20500 , both back to the same level before the pop, US Dollar is very strong and this is hard to overcome for the crypto market, interest rate high means higher cost of US Dollar and that is visible on the chart either for precious metals; ETH is back to the neckline of the box between the high and the low after...

giorgiovie

ETH is moving higher after breakinh up the wedge in tandem with BTC, now is just under R1 resistance and upper box boarder, at this point is better to wait NY open and see what US market will bring on the table, the two level to watch are 1411 and than 1470 , will see if ETH will be able to get up there ; RSI on 15M, 1H and 4H is overbought but on 30M is still on...

giorgiovie

Gold is correcting up after crashing down to a low of 1621,5, now is slowly trying to bounce to resistance that is between 1646 and 1655, I would sale a rejection on this area as there is no change on economics view and Gold is in a bearish mood as US Dollar keep movign north against other currency and metals; RSI on 1H is already overbought but RSI on 30 M is...

giorgiovie

BTC brooke up the descending wedge that is a bullish formation, that was one of the option as per my previous idea, now BTC is at an intersection under the famous box upper resistance at 20500, if BTC break up could go to 23000 if it get rejeted back at 19500 or down to 19200 at DO ; at this stage i would wait for NY open prior decide to enter a trade and i would...

giorgiovie Updated 

ETHUSDT i just opened a short position, I expected the ascending wedge to play to the downside, will have a tight stop just in case a surprise pop happened; BTC is under 19500 and ETH inside this bearish formation, RSI 15 M, 30M ad 1H are overbought that sign a possible pullback soon

giorgiovie Updated 

US Dollar is still very strong and ETH is in the process of consolidation inside the 1407-1217 area, at the moment is trying to break up from a small wedge, I think this pop will be limited to R1 or the old Support line that now is a Resistance area so between 1330 and 1345, i would sale a rejecton at one of these two resistance area down to DO and ML ; RSI on 15...

giorgiovie Updated 

Gold is still under sales pression against a very strong US Dollar, what we see is a new trading range formed as predictet between 1680 and 1630, during Asia session Gold has touched the lower boarder of the box and has strongly bounce up as this is a demand area , now as nothingh is changed from last week i would favour shorting Gold on bounce to the neckline of...

giorgiovie

BTC is floating at 19000 mark, it is supported by an ascending line with already 3 touched , I would sale a break of this line with a break of DO or a rejection at upper resistance line around 19400-19500 down to ML ; as we are still on Sunday trading i would used a small position and just after confirmation of break down or rejection at upper resistance, the only...

giorgiovie

ETH is forming a trading range 1407-1217 where the price is moving for a week now, where 1407 and 1217 are the low and the high touched after the FED decision on interest rate, the descending channel is not really formed as the 4th point of touched on the upper boarder has not defined yet, that mean i am not confident on what price could be my upper limit on...

giorgiovie Updated 

ETH is looking bullish after yesterday, it has bounce up to almost 1350, I try a small short position here with tight stop as ETH is inside an ascending wedge; anythink may happened becouse ETH is over DO and LWO so could easily move up, but RSI is getting to overbugt area and BTC is not really looking bullish, it is risky as ETH if break up can get to the high...

giorgiovie

BTC is slowly moving down against US Dollar, technically it is under the box 19500-20500 inside a descending broadening wedge and under DO, RSI is neutral on 15 and 30 M and oversold on 1H so a bounce up to 19200 cannot be excluded, as well the forming wedge could break to the upside but to the downside as well especially on a bearish market with a bullish US...