Gold (XAUUSD) has been on a remarkable rally, moving from the $1,870 level to its current price around **$2,640**. This upward momentum has caught the attention of traders and investors alike, prompting many to ask: **Can gold continue this upward trajectory and reach new highs?** Key Technical Levels and Fibonacci Analysis The current rally has seen gold...
If this is correct $73800 was the end of wave 5 of 1,2,3,4,5 which means at least a fib 0.382 retracement but can go lower as fib 0.5, 0.556 or even lower as 0.618 (golden pocket). Quite curious to see the reaction this week witch is the last one of June. It can go either way from here even with some weakness on weekly and daily charts.
If this is correct $73800 was the end of wave 5 of 1,2,3,4,5 which means at least a fib 0.382 retracement but can go lower as fib 0.5, 0.556 or even lower as 0.618 (golden pocket). Quite curious to see the reaction this week witch is the last one of June. It can go either way from here even with some weakness on weekly and daily charts.
Trend reversal in progress VMA rejection in progress Oscillator bearish divergence but still bullish Breaking GETTEX:64K (VMA20 + bottom resistance zone), $50k ish is the next support IMO.
Overall still bullish. Most likely target for a bounce is around $50k
And the big question atm is... Who will win this Resistance level zone?!?!?🤔🤔🤔 Bulls?!? Bears?!?! - RSI overbought and crossing downwards - Momentum crossing downwards as well Breaking upwards of this Resistance box my target is between $85K & $95K Breaking downwards there are 2 support zones to consider for a bounce 1- $51.6K & GETTEX:48K 2- $42.8K &...
Bitcoin Halving in just 14 days. Possible pullback to FWB:65K ish to grab some liquidity and after a massive rally to $83.500
Bitcoin up 377.59% since November 2021 As the next halving approaches (April 19 2024), it is time for a retracement before the big pump. It always happened in all previous pre-hanvings. If the GETTEX:64K support is broken the next one will be in the $58k/$57 zone. Next week will be very important for us to really see the extent of the retracement.
As we approach the much-anticipated Bitcoin halving scheduled for April 19, 2024, it's essential for traders and investors to assess the potential price movements based on technical analysis. In this analysis, Bitcoin reached its previous all-time high (ATH) of November 8, 2021, while considering the formation of a Cup & Handle pattern and a retracement to the...
After further analysis, this is my view. - RSI some bearish divergence - MACD nice and clear bounce and histogram losing steam - OB hit with some rejection 24 hours before the close of the week, a potential Doji Candle is forming With that said, it remains somewhat bullish IMO with the possibility of a last wave missing.
Bitcoin Price Analysis: As of the latest available data, Bitcoin (BTC) has reached a local high at $35,280. This level has acted as a significant resistance point in the recent price history. If Bitcoin is unable to break above this resistance, it could potentially signify a short-term top. This is an important level to watch as it may signal a reversal or...
Bitcoin CME Gaps are price gaps that occur in the Bitcoin futures market, specifically on the Chicago Mercantile Exchange (CME). These gaps happen when the closing price of a Bitcoin futures contract on the CME differs significantly from the opening price of the next contract. Here's why they are important and how to trade them briefly: Importance: Technical...
- Sell Signal Below Resistance Trend Line - Squeeze between EMA 144 and 233 - RSI Picking Up - MACD Neutral/Descending Looking back to 2020 we can see a similar pattern. What this mean?!?.... Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000...
Hey there, Bitcoin enthusiasts! Today, I want to share with you about a popular trading strategy that I use everyday, with Fibonacci Moving Average (FMA) numbers. I'll zoom in on the 4-hour chart to get a closer look at how it works. This strategy can provide some valuable insights into what's happening in the market, and I'll break it down step by step. EMA 144...
- Price Range since March between $24760 and $31840 - $28630 Support Broken - Fib Level Broken and retested $27735 - Possible Fib retest + Resistance Trend Line
Hey there, fellow crypto enthusiasts! 🚀 Let's dive right into the exciting world of cryptocurrency trading with a focus on #STMX (StormX) and its recent 1-hour performance that has got us all buzzing! 📈💥 So, here's the scoop: #STMX has just pulled off a perfect golden pocket bounce on the 1-hour chart. 🌟 What's that, you ask? Well, my friends, it's a pretty cool...
Now is the time to see how strong Bulls are guys. Or we break it hard for a huge rally to FWB:42K or rejected and drop to $20k.
ey there fellow crypto enthusiasts! Let's dive deep into the world of Bitcoin and dissect its weekly chart. Remember that thrilling moment back in November 2021 when Bitcoin reached its all-time high at a staggering $68,997.75? 🚀 Oh, what a time it was! But hold on to your hats because what followed was a rollercoaster ride that left many of us scratching our...