Looking at the typical behaviour in previous Bull market cycles, this pathway looks to be the most likely scenario over the next few months. Of course anything can happen, and with new price action, other options/alternatives will be in play.
Hi traders what is your opinion on gold,according to my view gold is very near turning point,it's already touch my support zone once and 8 believe it might touch it again before it climbs,don't be surprised abt fundamental that occurs Thursday it's how the systems works fed cut the rate by 25 bps on Thursday and that decision slow down the rally that was running for atleast 2 days but that doesn't mean the trend changes cz of that giant sell no upsolutely not,market still going to m0ve higher this coming week however for gold it's still under pressure as USD is very much stronger soo,expect slow growth in gold not faster but January 21 gold momentum will kick in again for rally thank you.
Guys! End of the year - last bit of chart worklkkk until mid Jannnnnyyyyy! Anyway! This. Is. A simple continuation trade. Silver MIGHT drop from this point but it is still in discount I’d seek for buys until price reaches premium and continues the trend… good luck trading next week! This one will be interesting as I don’t like continuous trades.. nevertheless, we shall see RR: 2.84
Currently Gold is testing 2625 level successful breakout can lead to 2664 level. If keep bullish momentum can see 2699 but if we see weakness from any of these level can make correction. Recently gold test 2584 which is support and also base level is in symmetric triangle in 1D.
Doge has had a lot of attention lately from when I was accumulating. However like the rest of the market it has pulled back causing a lot of concern. My opinion is that this test was needed to confirm that the rally was not a pump and dump but the real deal. If you have not noticed that DOGE actually made history closing at its highest on a line chart on the monthly. But all that is history... I think we are headed to all time highs on a candle chart soon (I will not give a price target). I am currently playing with house as I sold and took my initial investment out and bought some other crypto. Please do your research as this is not a financial advice. Also please support this idea if you can.
A video version of this commentary is included in the youtube link in my tradingiew profile. As I have always said; "Any sells on the NAS100 are only temporary retracements to register a HL on a larger timeframe." With Last weeks interest rate decision, a lot of volatility and panic was created by sellers reacting with panic as usual and the buyers capitalized on that by being patient and waiting for the storm to subsize. The retracement took an entire week to come to a close and it was not until Friday that I saw the H1 timeframe breaking back in a bullish structure to close out the week of retracements to form a HL on the daily timeframe. With the weekly candle expired again, it will be just a matter of time before the trend resumes it's responsibilities to complete another ATH. So for this week, nothing has changed and I will continue to wait for my largest HL and buy to my Guaranteed ATH. Remember to practice Use proper risk management practice on your demo accounts until you are comfortable Trust your analysis #oneauberstrategy #auberstrategy #aubersystem #zigzagtheory #whywewait #patience
Guys! It’s almost the end of the year! This one is quite self explanatory… order flow is bearish - we’ve had a break of structure to the down, so price is looking to tap back in to finish the sell. The trade I’m showing is RR: 2.80, with the final TP of RR: 4.14. Enjoy and good luck! Last couple posts will be my last until probably mid January
Bounce back on the current long term trend sounds like a good opportunity to hedge your bets.
BTC is nearing its top. It still has a few more distribution to go but what better time for the final distribution than when Trump becomes president. After all he is "pro crypto" and time for BTC to go to 1million. Everything will be approved, USA will make BTC its reserve.. Blah, Blah, Blah. This is not a financial advice, please do your DD. Please support this idea.
BTCUSD run up appears to be coming to an end for this cycle. HMA on the lower time frame charts is acting as strong resistance at 103 k and 1W RSI shows obvious bearish divergence. BTCD is also looking like it is showing weakness after a slow 2 year uptrend and likely will start to make continued bearish moves down to upper 40% range in the long term. Once 92k BTC support breaks....then it will enter back into the yellow channel and ultimately trend to the bottom support in low 60's k again. I expect a bounce at the 60k level to some extent, and if that support level does not hold, then back into the 30s. Good luck traders!!