2865-2870 retest after that waiting triangle pattern or bear flag pattern invalid if above 2934
no 2840 = no 2780 = no bearish trend no 2840 and 2780 = rocket channel not invalid current weak bull (4 blue circle) might be sideway before strong bull
it's just a counterargument about the best price to buy gold If gold hit 3333$, weekly TF needs 2 years to retest MA200 that's around 2780$ if gold drop to 2815-2840 before rally to 3030$ that might be the best zone to buy gold because after 3030-3060$ big possibilities to see 3330$
MA 100 = blue MA 200 = red the circle = same pattern issue a mini divergence on RSI 1. stochastic still topped, that's why no signal to retest MA 100 yet when stochastic reversal it will retest MA100 2. MA100 is quite strong (if still a bullish trend) 3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high...
1. bear trader will target 2770 but NO CONFIRMATION FOR THAT it is still a bullish trend 2. so with bullish trend expectation I see above 2840(after retrace down) as a bullish trend continuation (will hit a higher high) 3. bull target 3030-3066$ with a sudden spike down to 2770$ key information: 1. still bullish trend with a peak on Mar 2025 2. still bullish as...
2824-2831 resistance become support There untested 2720 and 2690 but from current PA it still bullish trend to 2900-2930 So I will see minimum support only 2824-2830
monitoring 2801 resistance previous retrace down = bear trap so we will see higher high again after that should be real bearish trend on 4H timeframe
usually retrace down gets stronger so retrace down will break a lot of MA but right now I see an anomaly where retrace down getting weaker instead from breaking 4 ma to breaking 3 ma, to 2 ma might be as well become strong bullish trend and making 1MA only as support so I set 1 support target 2692 and 3 bullish target 2777, 2802 and 2830
waiting for 2734 resistance I want to see 2683 after 2734 but 2757 also possible as next target
monitoring triangle 2684 resistance vs 2635 support 262x better as support but this is bullish trend so be careful also for 2711 but it outside triangle
2643 or 2652 untested resistance 2600 or 2594 support there is an issue between long-term 2500 vs 2700 but I don't know which one to target for now
2606 support and 2654 resistance possible because Russia and Ukraine war continues and escalate with new long-range weapon
BTCUSD retrace down before next rally MUST TA again when 91k hit
not a bullish PA, not a sideway PA so I bet on bearish PA as long under 2670 and 2658 should target 2608 or 2594, but I make longer term chart if there any change I will make new TA
as long above 2650 I will seek 2790 as next target
waiting 2674 on Wednesday still possible for double bottom 2618 the problem? I draw bear flag
Trump inaugiration 20 Jan waiting bearish signal after 20 jan 2025
Gold hard to TA, but Silver save the day, got 5 bullish targets Biden attack to Russia change the trend for now, bearish signal maybe later when Trump become president. The presidential inauguration is always held on Jan 20, so after Trump inauguration maybe bearish signal again