BECAREFULL WITH GOLDMarket still round 2193 to 2203
Wait today...today Unemployment and Final GDP NEWS
If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300
If market cross & CLOSE BELOW 2145 it will be RED ROSE...
then NEXT buy zones will be
2038-2025
1995-1973
1948-1931
1829-1811
Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN ...
SO 60%SELL AND 40% BUYING
Sell Flip Zone 2203-2209
EURUSD,GBPUSD,NZDUSD,AUDUSD starts falls
so GOLD also will FALL soon...
Low equity members avoid trade today...
Use small lot max 0.01- 0.03 and 6-7 orders
SELL @
1st sell zone
2198-2200
2nd sell zone
2203-2207
Sl 2213
Tp 2193
Tp 2186
Tp 2176
Tp 2160
Tp 2148
Tp 2038
Tp 1950
Tp 1840
Buy stop @2212.8
x2lot size of sell total order
Tp 2221
Tp 2238
Tp 2270
Tp 2300
or avoid trade today
NOTES: EDUCATIONAL PURPOSE
Bitcion
Ethereum looks really bullish wooowHELLO dear Treaders :
After a very long time, ETH has reached the declining trend line that you can see in the chart and looks strongly bullish.
Since Nov 2021, when the bear market began and the price of bitcoin and others alt-coins started to drop from their all-time high, ETH price has hit this trend line, twice (as you can see in chart).
The first time, the price hit the decreasing trend line was at USD 3570, in Apr 2022 and the second time happened today at USD 1700.
In my opinion, ETH can reach higher prices after this bear market and in my point of view, there is a great opportunity to buy ETH at USD 1700 in spot (You can consider this buy position for your future trading but do not over leverage your positon!)
In daily time frame, ETH can break USD 1700 and start a new bull run.
The first ETH strong resistance line is around 2630/2650 and therefor until we reach that price point, do not over leverage your positions and be careful about future trading.
Bitcoin scalping ideaBITSTAMP:BTCUSD Hello, guys welcome to Wallstreet whales,
In today's analysis, we are going to talk about BTC /USD.
fundamental analysis:
The markets saw a strong sell-off due to a bad CPI (consumer price index) number and a de-fi protocol named Celcius held withdrawals for its user so this created panic in the markets, Watch out the PPI(producer price index) which has come to 8.6 IMO its bearish,
FOMC meeting happened on the 16th of June, where feds decided to raise interest rates by 75 basis points. the market sentiment stays bearish for now, as feds were talking about keep raising the interest rates until us inflation falls down to 2%, this might take time.
so jumping straight into the technical analysis:
the bitcoin has not touched its 200day moving average for the last two years approximately, looking at the previous bitcoin cycles the best time to buy bitcoin was when it was around its 200day moving average, this is the main reason why I'm starting to scalp bitcoin from around this levels. another take is that bitcoin can touch its 0.768 Fibonacci retracement level which is at 17800usd also it's the previous cycle top where there should be enough demand. this strategy will make you ready for a bear market and keep you stress-free if you follow the exact same. I'm personally placing buy orders for bitcoin from its 200day MA to its monthly demand zone which is around 11000usd to 8000usd, so the buy orders should be in the pyramid style. eg; if the price drops to 18k you buy 500$ if it goes to 16k you buy 1000$ until the next monthly support. make sure you don't go all-in on monthly support too,
My bitcoin buy orders at
19000-5000
17600- 10000$
16600- 20000$
14110- 40000$
12000- 80000$
11000- 16000$
10000- 32000$
Keeping cash in handy just in case 3k
None of this is financial advice it's only for the educational purpose
Bitcoin aiming for another 1-Year Low+++++ Push the like "Like" to reveal hidden content +++++
Bitcoin heavy downtrend continues as yet again it reached a new 1-Year low, hitting $4210. Price remains in the support zone of $4375-4044, mentioned in our previous idea (). Market is going through a lot of stress and it will take more time for it to calm down. While the volatility is high, BTC/USD could go even lower, towards the 161.8% Fibonacci retracement level at $4055. At the same time, price spikes might fall beyond the support, potentially reaching $4k and below. Nevertheless, it would be important to pay attention to the daily closing prices throughout coming week/s.
Talking about the short term upside potential, Bitcoin could be reaching the $4550 resistance level. This is where the most trading volume occurred over this week, and also confirmed by the 61.8% Fibonacci retracement. Although to have more confidence in the upcoming corrective move upwards, price must break above the 88.6% Fibs at $4700. This is where buyers might show interest in the Bitcoin and push price higher, at least to test the $5k psychological resistance. And finally, if price will break above $5k, the probability of a trend reversal will become much stronger, at least until price stays above $4k level.
Support:
$4385
$4055
Resistance:
$4555
$4646
$4700
$5000