Trader-Michael-MT

Trader-Michael-MT Updated 

hello Bitcoin is currently trading near the 61.6k level. Following a breakout from an ascending triangle, it's now retesting the triangle's resistance. The 200MA acts as additional support. A bounce from this retest is anticipated. However, a failure to hold the retest level and a subsequent close back within the triangle would invalidate the bullish...

Trader-Michael-MT Updated 

Hello, my friends. In the long term, Bitcoin looks very bullish. The retrace from March's ATH created a series of lower highs and lower lows which when connected make this descending broadening wedge set up. This is a Bullish pattern. The meta is that you trade the range (long from the lower trendline, short from the top) then when there is a close above the...

Trader-Michael-MT Updated 

Gold fell on Tuesday but consolidated near last week's all-time high as investors sought clarity on the extent of the Federal Reserve's upcoming rate cut ahead of this week's inflation report. Spot gold fell 0.32% to $2,510.28 an ounce at the time of writing. The dollar was largely unchanged, supported in part by rising geopolitical tensions, but remained near...

Trader-Michael-MT Updated 

At night, gold still looks at the 2530 line, firmly bullish, falling back is just a better rush, k line has always held the 2500 line, this position is obviously a wall of iron wall like existence The bottom of the golden hour line is still the sun line, even if it falls back, but still holds the position of 2500, still maintains the bottom sun line, still has a...