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#Bitcoin It's Over? 🚨 #Bitcoin Update: Big changes could be coming!🚨 We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run. Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over. Stay alert and trade wisely! 📈💡 #Crypto IN EXPLANATION We are on the verge of confirming a reversal on the larger time frame. The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000. This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market. Thanks, like and follow if you like my updates!
by CRYPTOMOJO_TA
Sell Gold (Xau/Usd) BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2430, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2385.50 2nd Support – 2358 Stop-Loss: To manage risk, place a stop-loss order above 2480. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
62
GOLD ( SENSITIVE WEEKLY ) (1D)XAUUSD HELLO TRADERS Fundamental : due to the fight in the middle east , gold prices complete instability . Tendency, the price under bullish pressure , until trade below 2,427$ . Upward Zone : In order to see an increase, as long as the price trade turning level at 2,427$, it indicates a reach of resistance levels (1) at 2,482$ , then as it stabilizes on the turning level we may see new resistance zones around 2,520$ and 2,560$ . Downward Zone: by breaking turning level by open 1d candle below this level , it indicates a reach of the support level (1) at 2,364$, then stabilizing below this level is likely to reach the support level (2) at 2,297 . Corrective Level :Price may make a correction at 2,427$ , before rising . TARGET LEVEL : RESISTANCE LEVEL : 2,482$ , 2,520$ , 2,560$ . SUPPORT LEVEL : 2,364$ , 2,297$ .
OANDA:XAUUSDLong
by ArinaKarayi
Sell NZD/USD Channel Breakout (Today NFP)The NZD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.5952, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.5907 2nd Support – 0.5880 Stop-Loss: To manage risk, place a stop-loss order above 0.5984. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
9
Gold seems going higher if 2420 area holds...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Traction should be to the upside to form higher highs. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
FX_IDC:XAUUSDLong
by Shadowing_The_Big_Boys
Consolidated and breaking to see more highHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bull bias or this..likely watching for pullback or whatnot for upside trading Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading. We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it.. Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
NYMEX:PL1!
by MoneyDuck_Butch
1
Bitcoin - How low will it go?Looking at BTC on the daily chart, we see price is moving downward within this channel. Buyers are currently unable to make a sustained break through of the ~$62,000 resistance level. If price continues its downward movement, I will be looking for opportunities within the marked potential buy zone. If price breaks above the channel, I will wait for confirmation to go long for a short-term move upwards until further data is available. What are your thoughts on Bitcoin? COINBASE:BTCUSD
COINBASE:BTCUSDShort
by TheTrendInspector
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
Fundamental Market Analysis for August 1, 2024 GBPUSDThe Pound-Dollar pair is unable to capitalize on the positive movement following the FOMC meeting and is fluctuating in a narrow trading range during the Asian session on Thursday. Spot prices are currently trading around the mid-1.28000s, almost unchanged for the day as traders prefer to take a wait-and-see approach in anticipation of the Bank of England (BoE) policy update. Signs that global inflationary pressures are easing have fueled speculation that the UK central bank will cut interest rates later today. In fact, financial markets estimate the likelihood of the Bank of England cutting rates from a 16-year high of 5.25% to be more than 65%, and expect another quarter-point cut before the end of the year. This, in turn, will help to strengthen the British Pound (GBP) and boost the GBP/USD pairing. However, investors are far from confident that the Bank of England will take immediate action as UK services inflation remains uncomfortably high. This, in turn, is deterring traders from placing fresh directional bets on the GBP/USD pair and resulting in a subdued range of price action. As such, the focus will be on the accompanying monetary policy statement and comments from Bank of England Governor Andrew Bailey at the post-meeting press conference. Ahead of a key central bank risk event, the US Dollar (USD) selling bias following the FOMC meeting continues to provide some support for GBP/USD and should help limit the downside. The US central bank acknowledged recent progress in inflation and a cooling in the labor market. In addition, Fed Chairman Jerome Powell signaled the likelihood of a rate cut soon if inflation remains in line with expectations and led to a decline in US Treasury yields. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
Buy GBP/USD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2850 Target Levels: 1st Resistance – 1.2905 2nd Resistance – 1.2930 Stop-Loss: To manage risk, place a stop-loss order below 1.2814. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
26
Sell EUR/USD Bearish Channel (Fed Interest rate)The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0825, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0785 2nd Support – 1.0767 Stop-Loss: To manage risk, place a stop-loss order above 1.0845. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
23
Will BoJ support Yen with a rate hike today?Macro theme: - On Wednesday, the BoJ announced an interest rate increase and a bond tapering plan, reflecting confidence in the domestic economy's recovery and concern over the weakened yen. - The BOJ raised the uncollateralized overnight call rate to 0.25%, marking the second rate rise this year after the Mar 19 increase, which ended negative interest rates, equity purchases, and yield curve controls. Technical theme: - USDJPY shifted its structure downward after breaking its support at 151.90. The price is trading below both EMAs, which is about to have a dead-cross signal, indicating that bearish momentum persists. - If USDJPY cannot sustain above 151.90, it may extend its loss to 150.80 and 146.50. - On the contrary, if USDJPY finds support at 151.90, the price may perform range trading within 151.90-155.80 till an apparent breakout occurs.
by DatTong
Buy GBP/JPY Symmetric TriangleThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 198.05 Target Levels: 1st Resistance – 200.71 2nd Resistance – 202.43 Stop-Loss: To manage risk, place a stop-loss order below 196.20. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
34
Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants. Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility. Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors. Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
FX_IDC:XPTUSDLong
by signalmastermind