Is Gold going to $100,000? The short answer is 'I don't know'.
What I know is what everybody can see that Gold has broken out.
I look into some of the price action - and it gets wilder as we move deeper up in the trend.
There are no predictions in this chart.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Long-short
Possible SHORT on GBPJPY; creation of Bullish Deep Crab Pattern Hello everybody!
So, after shorting on daily timeframe, and saving my ass on 4H chart :D I'm again for - shorting. Or buying JPY, whatever sounds better for you!
Thing is, at least how I see it, GBPJPY will soon touch Fibonacci 1.618 (around 144.38). When? Well, it's a billion dollar question. However, I'm convinced that it will happen in the next 5-10 days.
At that point, a Bullish Deep Crab pattern will be formed, and I'm already putting on alarm and pending orders for Buy Limit.
After it reached D-point, next targets are:
T1: X-point aka Fibonacci 1, around 149.50
T2: B-point aka Fibonacci 0.618, around 152.71
T3: this is hardly likely but you never know :D - zone between A-C-points aka Fibonacci 0 between 157-157.80
Let's ride together on these waves!
Worrying BTC chartBTC has been ranging 30-60k for almost a year now. Currently it has tested weekly support in low 30s about 10 times! We can say currently 30k is old 6k where we had established multi month support previously and we know what happened when it broke.. This weekly candle looks pretty bad is it retraced almost whole move. Having that said, still best bet is in low 30k's hoping that support will hold once again. The question is are buyers are going to step in and buy this support that has been tested so many times..
XAUUSD TradingFriends according to my previous idea (elliot wave) in the weekly chart, we expect gold to fall here for two reasons
Trend line resistance and 161.8% Fibonacci (1972 to 1978)
Now we are at a critical juncture and gold has broken the resistance of my previous pitchfork (1960) and gold may want to experience a higher level where the targets are marked with a yellow line after than we'll have big drop FOREXCOM:XAUUSD
GBPNZD POC| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – GBPNZD- trading towards a key support area where a bounce is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Bullish OB Support
- Low Volume
GBPNZD’s immediate price action is trading towards a key trade location that is in technical confluence with the .618 Fibonacci and the Bullish OB, allowing for a bullish bias.
The immediate objective is the bearish OB resistance, a rejection here is probable.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, GBPNZD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Trading effectively is about assessing probabilities, not certainties.”
― Yvan Byeajee
Bitcoin heading to test 42k supportWe just broke the low trend around 38k that was coming since November. As you can see on the chart we also broke 200 EMA indicator, giving a long sign.
Currently heading to test support around 42.6k and in case it breakes we can head fast to 45k on a 9.5% profit since this can be just another short squeeze for it to go back to the low trend canal.
Only considering that currently global conflicts won't influence on price prediction. We could go super high or super low at anytime depending on the news ahead. Be careful and don't forget to set your stop limits.
Bitcoin - A brief overview of the main cryptocurrency 28.02.2022Consolidation continues! The price is shrinking between the weekly EMA50 and EMA100.
If the weekly candle closes above the EMA50, the next stop will be the $50,800 resistance. In a bearish case, if the bulls lose EMA100 support, Bitcoin could retest the $24,000 support area!
Major Breakout and Trendline Retest Already Confirmed!
Bulls defend $34,800 support but struggle to rebuild $44,600 resistance!
In short, the trend is bearish below support and bullish above resistance.
What to expect today: Most likely we will not fall again, I would again advise you to start making trades from the lower levels to the upper ones!
EURJPY POC| .618 Fibonacci| Price Action| Trend Evening Traders,
Today’s analysis – EURJPY- trading at a key resistance where a rejection is probable,
Points to consider,
- Price action corrective
- VWAP S/R Resistance
- .618 Fiboancci Resistance
- Low Volume
EURJPY’s immediate price action is trading a resistance level that has confluence with the .618 Fibonacci, VWAP S/R and the POC, allowing for a bearish bias.
The 0bjective is the lower support region, exceeding this level will lead to a trend continuation.
The current volume profile is below average, and influx will be highly imminent on the next expansion.
Hope this analysis helps,
Thank you for following my work
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,
35k or 45k ?hello everybody
let's keep it simple!
breaking 39 - 40 k : 45 k is the next target.
getting rejected from here : 35 k is our next target.
we had good volume 2 days ago which showed us if we go more down , more bids sitting to fill !
.....
check my last posts about BTC please, still valid !
.....
Share your ideas with me and let me know what do you think about bitcoin
not financial advice !!!
If history repeats itself, we will see a way lower priceSo far, as I indicated it in previous analyzations, the dump was happening,
However I used to see the lowest on around 28k,
but now I've just seen something extreme: if half of a pattern is being repeating, how would I not consider the other half?
History repeats, no doubt, though the question is which part of the history would repeat and to what end?
Hope everyone is doin well
Good luck
GET READY - is the DJI setting up for a major correction?In this video, I compare the movements of the DJI with the DAX.
There are no predictions here. What I am saying, is to get ready.
Price can move in any direction but there is a 4H ATR trendline indicating that the trend strength is for the south.
As I cannot predict the future, this scenario is only relevant up to the time of posting. The markets can do as they like and prove me wrong.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.