Rectangle
OKB - The Token for OKX Exchange Part 1Chart Part 1 (OKB / USD)
Chart Part 2 (OKB / BTC) follow up chart on my profile here.
I continue my search for coins/tokens that outpace BTC.
BTC / USD
- Broken out of parallel channel & retest.
- Long term trade 12 - 24 months to see upper targets hit.
Some very interesting fundamentals occurring as you may not be as familiar with this exchange.
- Top 25 Token by Market Cap.
- OKX is a Malta-based crypto exchange OKX (Europe Section)
- The OKX platform is the de facto European counterpart of the leading Chinese exchange, OKCoin.
- OKB is the global utility token issued by the OKX exchange, much like Binance offers BNB utility token.
- The OKX Platform has the 7th largest Trading volume in crypto (just under Bybit and Bitfinex)
- With MICA crypto regulations recently approved this could offer OKX a MASSIVE opportunity to compete with those in the top 5 Exchanges.
- Designated as having a clean reserve by Crypto quant (excludes OKB token in ProofOfReserve calcs).
BTC Bearish Sentiment Shows Possible Reversal!Bitcoin is in a big rising broadening wedge from 15K and Also the price movement is EXACTLY the same way that it did at All Time High before crash (purpele rectangle pattern)
I've analysed the purple rectangle candle by candly in the video and to my surprise its literally the same movement
DXY showing Bullish sentiment (forgot to mention the engulfing candle on daily) and SPX showing top sign with possible pullback
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Gold Buy in Cards - UpdateThis Gold idea is an update to the previous idea provided yesterday Link added. We already banked 70 pips on our sell trade and 70 pips in unrealized profits on buy order. Those who miss the first opportunity can join the tide on below suggested levels.
1 - On 15 min TF if price break through trend line then buy on retest around 2003.00 area , TP 1 : 2023 , TP 2: 2033 , SL : 1991
GOLD is expected to go bullish - 400 PIPS opportunityGold has a strong sell last Friday and close with a bearish engulfing candle signalling a strong sell for coming week. Also on H4 the last candle closes with a long wick almost 30% of the entire candle which signals a pull back before a bearish move.
In my view Gold is expected to test the 2033.00 area again before moving any lower . There are two trade ideas listed below.
1 - Sell at market open around 2004.41 with a profit target of 1997.00 and SL: 2008.50 - 70 PIPS opportunity
2 - Buy again around 1996.00, TP1: 2023.00 , TP2: 2033, SL : 1988.00 - 370 PIPS opportunity
Total 440 PIPS opportunity , use proper money management
This idea is for educational purpose only .
EURCHF: Bearish Move After Consolidation 🇪🇺🇨🇭
EURCHF was consolidating for quite a long period of time within a horizontal trading range on a daily.
Its support was broken yesterday.
I believe that such a violation may trigger a bearish continuation.
I expect a bearish move to 0.9787 / 0.9723
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Bitcoin Analyze (Short Term, 15-minute Time Frame,04/12/2023)!!!It seems Bitcoin was able to make a Head and Shoulders Pattern near the 🟡 Price Reversal Zone(PRZ) 🟡. So that there is a noticeable Regular Divergence(RD-) between the two shoulders.
I expect Bitcoin to drop to at least the support line.
Bitcoin Analyze ( OKX:BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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EURCHF: Pullback From Key Level 🇪🇺🇨🇭
EURCHF is testing a key daily structure support.
Analyzing the 4H time frame, I spotted a horizontal intraday range.
Its lower boundary matches perfectly with the underlined daily structure.
I am expecting a pullback at least to the upper boundary of the range.
Goal - 0.9883
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DOLLAR INDEX (DXY) Potential Scenarios Explained 💵
Dollar Index is approaching a resistance line of a falling parallel channel on a daily.
Depending on the reaction of the price to that, I see 2 potential scenarios.
Bearish
Because the index is currently trading in a bearish trend,
probabilities will be higher that it will drop.
To confirm that, watch a horizontal range on 1H time frame.
If the price breaks and closes below its support, it will confirm the strength of bears.
A bearish continuation will be expected at least to 101.5 then.
Bullish
The market may break the resistance of the channel.
If a daily candle closes above that, it will confirm the violation.
A bullish movement will be expected to 103.0 level then.
Wait for a confirmation & then follow the market.
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DYDX Gearing up!KUCOIN:DYDXUSDT
DYDX is in consolidation sitting within a 20% band.
Market waiting on Bitcoin move for direction.
Look for Longs with entry triggers around the possible pullback zone for breaking out for 30% - 40% possible upside.
On rejection, can short to structure at 1.84 level.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SnP500 Ascending Triangle formationSince September 2022 S&P500 seems to be struggling to break the resistance at 4150 area where it has been rejected atleast four times since then. However, several indicators are now pointing towards a possible break through, expected soon as DXY is declining and is expected to decline further in the coming weeks.
S&P500 on the other hand seems to be forming an ascending triangle on daily chart. We will wait for the resistance to break at 4150 and hold above it, then we can take long positions with first TP1 at around 4325 and TP2 at around 4500.