Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Pivot Points
GBPCHF Ready for a breakthroughHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BTC dominance reveals how to navigate crypto cyclesHello everyone,
this one is for patient (long-term) traders/investors, not for those chasing daily gains or short term swings.
We are looking at BTC dominance chart. BTC dominance is currently at 60%, which is pretty high.
Everyone who follows cryptos for some time should know how crypto cycles work. BTC is king and always leads the way. BTC if the first one to start the bull run, altcoins follow. When BTC is near its peak, money transfers into ALTs --> start of ALTSEASON.
The first peak of altcoin season was January 2018. BTC dominance was at 35%. After Jan 2018 we went into a bear market. BTC dropped in value, ALTCOINS dropped even more. Consequently, BTC dominance went up.
BTC dominance reached top at 74% in Jan 2021. That is when ALTSEASON started.
THIS DOES NOT MEAN THAT BTC REACHED TOP in Jan 2021.
BTC rose from 40k to 70k between Jan 2021 and Nov 2021, but ALTs in this period made bigger gains.
BTC dominance in this period plummeted from 74% to 40%, creating a base for future.
From Jan 2023 BTC has been rising and increasing its dominance, currently sitting at 60%. I am positive it will not break high of Jan 2018. Next strong resistance is in the area of 64-67%, I expect dominance to reverse in this area.
BTC has already made a new ATH, but total crypto market space is not at an ATH yet. So ALTs are lagging in comparison to previous cycle.
I believe we are at the start of ALT season and I will be looking into ALTs for my last gains this cycle. Check my other posts to see which ALTS I am considering. I will also be posting some other ALTs in coming days/weeks, so subscribe to stay notified.
Good luck to everyone.
TIA is in the accumulation phaseTIA, popularly known as the heart of Ethereum, is showing signs of a "trend reversal". Whales are collecting this coin.
To enter the position, we must have a trading setup for TIA and specify the stop loss, which we have done on the chart.
We have a liquidity pool in the lower ranges that looks like it will sweep before moving up.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
USD/CAD Bearish CorrectionKey 4HR Resistance Coming up. Expecting up to a .010536 correction before pushing through 1.39500. Bear Divergency presenting itself on RSI. Expecting correction to take place. Will enter trade at break of rising wedge pattern. Will not think trade is gone if liquidity grab pushes price above the wedge.
DAL... We have take offGood morning traders,
If you have been following my predictions on DAL and UAL, well... WE HAVE TAKE OFF! OB has been tested, we could see a pullback testing the previous red candle but should be a decent flight from there on out. Some turbulence along the way, but shouldn't be big enough to knock this plane down.
All previous areas have been tested and structurally it looks great. Hang on tight a bit more we are almost there. Keep UAL on your sights, this has much more traveling to do which means bigger profits as well.
Hope you enjoy the rest of your day, and don't forget to follow for all my other predictions. Have a great rest of your week, happy trading & God Bless!
BTC | Price CELEBRATES Trump VictoryBitcoin has increased by 13% after Donald Trump has been declared the next President of the United States, beating rival candidate Kamala Harris.
Over the past few months, Trump has claimed to be very open to cryptocurrency and this victory has done nothing short of pushing the price to a new ATH... and climbing!
There are two ways in which we can calculate the net major stops; one I have been speaking about since MARCH. This target seems to be the likely next stop for BTC in the short to near term.
Time will tell if the new POTUS will be kind or cruel to crypto - remember that time we all rooted for Garry Gensler...? About that... Let's hope this time will be different.
If you want to know al little bit more about how ALTSEASON fits into this picture, check out the following idea:
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BINANCE:BTCUSDT
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD - Will Trump cause gold to fall?If gold reaches the bottom of the descending channel, which is also in response to the demand zone, we can look for gold buying positions.
Donald Trump won in Wisconsin and got 10 electoral votes, and Trump's total electoral votes reached 277 electoral votes. In this way, Donald Trump became the 47th president of the United States.
The rise in long-term interest rates and the broad sell-off across the Treasury yield curve reflect public expectations for an inflationary mix of domestic (fiscal and immigration) and foreign (tariffs) policies from Trump.
Also, we see movements in short-term US dollar swap rates related to the hawkish revision of Fed interest rate expectations. In line with forecasts and public expectation, markets still expect the Federal Open Market Committee (FOMC) to cut interest rates by 25 basis points to 4.75% tomorrow.
Is a Trend Reversal Coming?OANDA:EURUSD
Multi-Timeframe Analysis
Current Price: 1.07962
Potential for a Bullish Reversal:
EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators:
• Breakout of Descending Channel Upper Trendline
• Weekly Major Support Zone
• Potential Double Bottom Formation
• Emerging Bullish Divergence
Descending Channel Breakout:
The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone.
Weekly Major Support Zone:
We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers.
Top of Trading Range:
Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward.
Price Target:
Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000.
Key Levels to Watch:
• Support: 1.07421
• Resistance: 1.08635
• Target: 1.10000
Stay tuned and happy trading!
GBPUSD: Updated Support & Resistance Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Horizontal Structures
Resistance 1: 1.304 - 1.310 area
Resistance 2: 1.331 - 1.332 area
Resistance 3: 1.341 - 1.343 area
Support 1: 1.284 - 1.286 area
Support 2: 1.277 - 1.280 area
Support 3: 1.266 - 1.269 area
Vertical Structures
Vertical Support 1: Falling trend line
Consider these structures for pullback/breakout trading.
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EURCHF Outlook: Bullish as Long as Price Holds Above 1M PPHello,
OANDA:EURCHF is likely to continue rising despite recent fluctuations. As long as the price remains above the 1M PP, the uptrend is expected to persist.
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WTI Poised for Upside, Long-Term Bullish OutlookHello,
BLACKBULL:BRENT is poised for further upside, as confirmed by the 1M PP, along with a cross and lock. While the trend outlook remains mixed, the long-term perspective leans more toward a bullish stance.
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BRNT Bulls Gaining Momentum, Key Level at 75.059Hello,
BLACKBULL:BRENT recently tested its yearly low at 68.675 and its monthly low at 70.720, both of which have provided support. Confidence is growing, signaling a potential bullish reversal. The price is gradually transitioning from bearish to bullish territory. For the upside to continue, it must consistently stay above the 1M PP at 75.059. Confirmation is still required for sustained bullish momentum.
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GER30: Bullish Momentum with Key Resistance at 19,513.40Hello,
FX:GER30 consistently impresses with its characteristic German reliability. A bullish trend is anticipated, with a key resistance level to watch at 19,513.40.
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UK100: Key 1M Pivot Point Signals Potential Bullish MomentumHello,
The 1M pivot point for CAPITALCOM:UK100 is critical right now. If prices hold steadily above it, we could see the bulls regain control. However, if it acts as resistance, the 1M support structure may be tested, possibly down to its full extent. For now, a neutral outlook remains in place trend-wise. In the long term, however, there is still strong confidence in a bullish continuation, which currently appears highly likely.
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