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Bitcoin can make small move up and then drop to support lineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago started to decline and fell to the buyer zone, breaking the support level, where it some time traded. Later it tried to grow, but failed and quickly fell back to the buyer zone, after which made a strong upward impulse, breaking 95500 with 102200 levels. Next, the price grew more and then dropped to 90500 points, after which backed up and started to trades inside the triangle pattern. In this pattern, BTC almost rose to its current support level and then started to decline. In a short time, the price fell to the 95500 support level, and even lower, to support line of the triangle, which is coincided with the buyer zone. Then BTC bounced up and rose to the 102200 level, after which made little correction and then continued to move up. Some time later, the price reached the 102200 level again, broke it and now BTC trades inside the support area, very close to the resistance line of the triangle. So, for this case, I think BTC can make a small movement up and then continue to fall to the support line of the triangle pattern, breaking the support level. That's why I set my TP at 98900 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
14
Cash flow will pour into gold and gold prices will reach recor hGold is assessed to benefit in the context of increased risks after the incident of former US President Donald Trump being suspected of shooting during an election campaign in Butler, Pennsylvania on July 13. If Mr. Trump wins the election next November, the USD may weaken, thereby also pushing up gold prices. Macroeconomic data that is no longer bright is the basis for US Federal Reserve Chairman Jerome Powell to recently signal a reversal in monetary policy. Mr. Powell expressed concern about the weakening of the economy and the risk of recession. In a testimony before the US Congress last week, the most powerful man in the world's financial industry said that the US will cut interest rates and not wait until inflation is clearly heading towards the 2% target. The USD has recently declined following signals from the Fed, thereby putting pressure on gold. Gold also increased in price thanks to positive signals from technical analysis. The upward price momentum has been established after precious metals rose quite firmly above the threshold of 2,400 USD/ounce over the past several days. Upward momentum is being confirmed and gold is forecast to set a new all-time high, possibly as soon as this week.
TVC:GOLD
by NicoTradingMaster
Triangle sideways pattern in the fourth waveGreetings, Dear friends, I hope you are well and have had a week filled with successful and profitable transactions. My analysis of the Gold market: It is very clear that we are in the third wave, and with a little precision, I mean the first wave and the third wave, and with the extension of the Fibonacci expansion. The fourth wave is only due to the movement of the wave to the side, from my point of view, the running triangle pattern can be very likely until this analysis is invalidated, and after its completion, the price action will be witnessed with strength and an extension of the impulse pattern. Note: I am a new analyst in the world of wave principles with three years of experience, and I am developing an analytical idea. There is no 100% certainty in financial markets due to the complexity of various patterns that can change. However, I do my best to back up any analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future. It's as simple as that. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except for the explanation of the current analysis, because I also trade in the financial markets and am active in my social networks, working hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will certainly respond, but a logical reason is important to me. Thank you for taking the time to review my analysis, and thank you all. To all my dear friends and colleagues, first of all, I wish you health and success in your goals. Mehdi Abbasi with the nickname (Mr. Nobody)
COMEX:GC1!Long
by mehdi47abbasi79
12
XAU continues to rise this weekMarkets are not paying too much attention to the downgrading of interest rate cuts from the Fed and strong US economic data, as the USD is falling from the weakening of government bond yields. U.S. Treasury yields are extending their decline, as markets anticipate a major auction of U.S. 10-year Treasury notes later on Wednesday. These factors are helping Gold prices to stabilize. In the absence of many economic data releases from the US, the focus will continue to be on Fed speeches, Wall Street sentiment and developments in the Chinese market. Traders await China's inflation data this Thursday for fresh information on the state of the economy. Fed policymakers Barkin, Bowman and Kugler are scheduled to speak later in the day. CME Group's FedWatch tool shows that markets are currently pricing in a roughly 20% chance of a rate cut in March, compared with a 68.1% probability at the beginning of the year. Meanwhile, the possibility of the Fed cutting interest rates in May is currently at 65%.
OANDA:XAUUSDShort
by TrategySherpa
Binance Coin(BNB): Reached Major Resistance! BNB is currently exhibiting critical price action as it tests a major resistance zone around $260. This level has previously acted as a strong barrier; a decisive breakout above could signal further bullish momentum. However, the price has faced multiple rejections at this level, so let's see. We have two possible scenarios here: 1) Breakout with a nice re-test, which would confirm this zone to be backed by bulls, and then we will see a nice movement to further upper zones. 2) The price will fail to seize that resistance, leading it to close the daily candle below it and potentially continuing that weakness further down.
by SwallowAcademy
1
🚧Ethereum will Go Up Again🚧 Road Map(12-H)🗺️!!!As you can see, the price is in a Triangle. If the price can break this Triangle, we can hope that the price will act like a Crab pattern and the price will grow well. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
COINBASE:ETHUSDLong
by CobraVanguard
5
GOLD H1Hello traders, GOLD is setting up for a downside move watch GOLD according to your own trading system or strategy and look for a short position trade setup opportunity. I am currently watching price to hold around mentioned area and looking price movement for a short position setup, if price break the mentioned high then this setup will be invalidate. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
OANDA:XAUUSDShort
by TheLoserMan
1
A Forced Push: Next move still bearishHello Traders! Welcome back to another trade with analyst Aadil1000x. Previously I was expecting an instant drop but it was invalidated immediately after a forced push. These type of moves occurs when the market wants to change its structure. The Next move is still bearish as it is going to break the trendline which is at the bottom but later we will see a bullish move. The market is not going anywhere it will remain in the range. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
j.Hejazi | SPX500 Triangle BreakoutThe SPX500 failed to reach a new high when it hit resistance at 4160.0, forming a triangle pattern. The price has broken the ascending trend line and the 4-hour 50 moving average, and a break to the downside of the pattern at 4080.5 would confirm a new downtrend, signaling a sell with a target of 4006.0. On the other hand, if the price breaks the pattern to the upside, we must wait for it to clear the 4186.0 level before considering buying opportunities. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:SPX500USDShort
by Candlestick_OB
8