Gold might be taking off 1963 / 1964 to 2002 and might even break further to mitigate the price IMB at it's pervious high, and to crown it all price is reacting well at my plotted zone.
Recent price action has been printing LH and LL and also about forming a head shoulder pattern in the 15M TF showing a short at the opening of the market... Price might reverse at the 62% fib. level in the 15M but not untill it breaks above 50% / 38% fib. level aggressively then we look for a long to the previous HH.
It seems BTcusd is repeating history, seeing a short term recovery from 16800 / 17500 zone to 24500 / 27500 / 29000 / 32000/ 48500. This is my view on btcusd. DYOR #NFA. Let,s know your view. THANK YOU!
Btcusdt had broken out of the bilateral triangle pattern when price got to 21000 and the retest was at 15500 zone which successfully formed the Elliot correction wave for continuation of new trend. Let's expect price to swing to it previous swing Low around 47000/ 48000 is coming month. #NFA #DYOR. This is my view on the BTCUSDT price action. Like and comment...
DXY is in a range at the moment and the candle formation in D1 TF shows a bearish continuation not a retracement and pullback in weekly and monthly TF. Price broke 110.000 zone which mean price have to test 100.000 zone being a significant zone for banks.
Please like and leave your view in the comment section. THANK YOU!
I have received couple of questions and disagreement on the btcusdt divergence move that's about to happen. What's your take? Let's know in the comment section. Thank you!
Doge is set to test 0.11500 / 0.15000 / 0.16000 in the bulls liquidity grabs in the market... Which Wyckoff thoery will term as schematic re-accumulation.
If price refuse to respect the move and breaks 0.07000 then let's expect price to have a rain drop to 0.02500 / 0.02000.
Just my personal view on the market but setup can also get you into learning few stuff....
Using law of supply and demand .... My view on BTCUSD is that it's gonna retrace to 38k zone before testing the equilibrium point @ 53k and sell back down to 29k zone fillup the imbalance in the market. This is not a financial advice, I might be wrong. Always do your own research by taking any decision.
