mr_mat_sa

mr_mat_sa

With the start of the week we are down at least a 1000pips, does that mean we are oversold? well not exactly but the uncertainty in the market is usually good for catching some good trades. We are currently at the low of the bullish trend that's been going on. I'm really hoping for a retracement back to 2360 to at least correct for the 1000pip move we had.

mr_mat_sa

With current fall of metals in the past week, a lot of traders think we have a change of trend, i do not believe this is true. We were very bullish and the market can’t just pivot without fundamentals behind it. Silver is a highly used material, it is in demand as Tech company use it in the solar industry, and Medical equipment made from it, just to name a few....

mr_mat_sa

While i can't say much on topic of Bitcoin halving, i believe it soar high due to the Geo political news (Israel and Pakistan war). I believe Investor will cease the opportunity and use it as a safe haven. I'm bullish on Bitcoin and i'll wait until everything plays out.

03:16

mr_mat_sa

A little obit on how i came up with the trade idea.

mr_mat_sa

Simple as can be 2365-2360 has held up the last 4 days, I'm expecting the resist to hold up and we can get some nice long positions at 2364 level. Let's fold our hands and wait to see the reaction at support on the LTF (lower timeframe). It is important to factor in key economic data and compare the movement of the dollar (DXY) to try and figure out what is...

mr_mat_sa

This is purely technical, still looking for fundamental data to support the new uptrend. The will Retail GBP news on 19th, so i will wait for a proper entry and setup later. But overall if i am to take this i would risk just 1%.

mr_mat_sa Updated 

Yesterday i had sell limit at 2395. So i'm expexting us to go back up to 2389 and then see a dropm on XAUUSD

mr_mat_sa

Pretty much waiting to see consolidation, manipulation and the distribution so i can enter the trade

mr_mat_sa

We just 2385 level that i have been eying on the previous ideas i shared. Looking at 1:2 RR Down to our low.

mr_mat_sa

I can finally say i'm bullish on BTCUSD as our current sideways pattern is at lowest, i'm hoping we see a pump, but with the geopolitical news thing could be different this is long term idea

mr_mat_sa

Scenario one for the coming week, we see Gold grab liquid at 2390 and then fall. Scenario number 2 the head and should pattern forms and we get smooth sells at Resistance level (2364.615)

mr_mat_sa

Yesterday we had a massive sell off, which likely i wasn't in the trade. As the previous support was taken out. I'm still bullish on BTCUSD as i wait for the bulls to step in

mr_mat_sa Updated 

Looking on the 4H chart we are trending up which is a good indication for us to bullish, but waiting for a perfect entry on a lower time frame is always good. To reduce overall draw drown. It's the weekend and this is my last update. Go out spend time with family, enjoy your weekend.

01:36

mr_mat_sa

Currently in an uptrend, just watch to get a bit of context. Enjoy the weeken

mr_mat_sa Updated 

What is happening on bitcoin is a classic case of fear, now retail traders are speculating. When the market is consolidating i try to stay away and wait for clear direction. There is no such thing as being late, if you have a plan in place, i would wait until we are out of the range and trade the continuation.

mr_mat_sa Updated 

Looking at 2323 support level we will most likely see Gold give us a nice push up. I believe we still have precedence to buy Gold, let us see if the support will hold.

03:51

mr_mat_sa

I'm still neutral on bitcoin as we are already trading high, I want to wait a bit until market condition favor my trading style.

mr_mat_sa Updated 

Been on longs on Gold for the past month and a bit in the beginning of this month now with the fib extension level hitting key levels I believe it is about time we get a bit of short position, all depending on market conditions. .