Gold held the $3,000 mark and maintained a narrow range of fluctuations around 3,020. After the market plummeted, the pattern showed signs of weakening, so we maintained a high-altitude mentality. Although there is still rebound momentum in the short term, combined with the indicators, the rebound momentum and space are not large. The daily line has been a negative line and closed below the 5-day moving average. The pattern is oscillating and bearish. The price can only return to strength again if it returns above 5ma. The opening point is 3038. Therefore, the short-term key resistance above is around 3035-3038. In terms of operation, maintain a high-altitude layout below 3038. In the 4-hour structure, 3057 went down and walked out of the weak pattern. Although it rebounded from the bottom, the continuity was not strong. After continuous rises during the day, the high position fell back, and the entity gradually shortened, suggesting that the bullish momentum has been exhausted. The 1-hour moving average of gold began to turn downward, and there is a trend of crossing downward. If the 1-hour moving average of gold crosses and forms a dead cross short arrangement, the downward space of gold may open. Overall, the rebound momentum of gold bulls is gradually weakening, and the short-term trend is volatile and bearish. It is recommended to rebound and short, supplemented by low-level longs. The short-term upper resistance is around 3035-3038, and the lower support is around 3010-3000.
Long on Tesla at these prices. Can see a retracement to 250$. Overall Bullish on Tesla. Worst case scenario we can see a short into sub-220$ region.
Good to consider the stock for long term investment if the stock start trading above the trend line.
3.24. 25 in this video it looks like the Market's going up on the ES and Tesla. the oil Market has only traded a little bit lower than its recent High and it's not clear if the Market's going to make another move to a new high or if it's going to go a little bit lower and you can see that in the bars which are very narrow in their range and this looks different from when the market was actually actively going higher until it went to the end of the ABCD pattern which is a reversal pattern. Because the gold went to the end of the ABCD patterns going higher I am concerned that the Market's going to make a significant correction lower.... but I would be prepared for retest and minor Moves In the goal going higher and lower and that's what I tried to show to you in the video and I'm sorry that my presentation was so scattered and probably not easy to follow. the way you trade a market has to do with the kind of Trader you are... do you scalp a market or do you trade for longer trades. you could have made a few trades in gold and you could have made nice returns if several $1000 trades are suitable for you... and you could have traded as a buyer and a seller if you recognize the reversals.... but that is not an easy way to live. you could do it with discretion and not take every trade and if that works you may not need to take antacids and ulcer medication.... most people are not geared to that kind of trading and probably have a very low chance of being profitable. I am not a stop and reverse Trader.... but I show the patterns because I believe markets trade to the buyers and the sellers and that it is evident on a chart. if you don't care to be a stop and reverse Trader it is still to your advantage to know how markets trade and retest. to my thinking it's much better to at least know what it looks like as opposed to staring at your chart and having no real point of view other than the fact that you're not quite sure what the Market's going to do and all you can think about is losing money..... and even worse stay in a good trade too long and give all the money back because you don't know when to get out of a good trade. when you learn how to trade you still have to deal with the reversals in the market it's never going to stop... the need that you have to evaluate the price action that can work against you. my personal belief is that it's not easy to trade, I personally don't enjoy Trading but I don't mind making money if I do trade. my mission is to show you the trade location and the direction of the market. and the stop and a little Target without hitting the stop first... and if you can do that then the market should trade in your favor for at least a while and if it gets to that initial Target you have a reasonable reward and if it continues going in a Direction that could take some of your gains back.... but you haven't lost money yet.... that's okay..... it's still better than getting into markets and immediately losing money because you're not reading the market and you don't have a reasonable plan. I am sorry for my delivery during the videos... it's not intentional... and if it gets worse I'm going to have to stop. a fully intend to trade at this point Until evidence shows that I'm not trading well. I will go with the flow it's been fun.
I made an analysis this morning. I said that if the price of Bitcoin breaks through the resistance level of 87,000, it's very likely to rise all the way to 88,000 in one go, and then it will encounter the resistance level at 89,000. Look, my analysis has been verified now. It has been proven that the resistance level at 89,000 is indeed effective. At present, it's not advisable to engage in short - selling. Instead, one can consider taking long positions again at the support level. ??? BTC ??? ? Buy@85000 - 86000 ? TP 88000 - 89000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Bitcoin is at a pivotal moment, testing key levels that could determine its next major move. Here's a breakdown of the scenario I’ve outlined: Resistance at 88,802: Bitcoin hit a descending trendline and was rejected, suggesting strong overhead resistance at this level. Key Support at 85,000: This appears to be a critical threshold short term. Holding above it could maintain bullish momentum, while a failure to do so might signal a breakdown. Ascending Trendline from March 11 (76k): A break below 85,000 could lead to this trendline being tested. If it gives way, the next stop would be a retest of 76,000 as support. Further Downside Risk: If 76,000 fails to hold, we're anticipating a drop to 69,000, indicating a potential deeper correction. Upside Potential: If Bitcoin breaks above the descending trendline at 88,802, it could target higher resistance levels. The yellow-circled area is the confluence zone where these trendlines and key levels intersect, making it a high-probability spot for volatility or a breakout in either direction over the next couple of weeks. Keep watch for confirmation as to which way bitcoin may go.
i think it's pretty clear without explaining too much, imbalance zones inside supplu zone at 1h
? #ARC Analysis ?? #ARC is trading in a Symmetrical Triangle Pattern. If the price of #ARC breaks and sustain the higher price then will see a pump. Also there is an strong support zone. We may see a retest towards the support zone first and then a reversal? ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ? #ARC #Cryptocurrency #Support #Resistance #DYOR
Technical analysis of BTC on March 24: Today, the large-cycle daily level closed with a small positive line yesterday. The K-line pattern is still a single negative and a single positive. The price stands on the MA30 daily average line. The attached indicator is running in a golden cross, but the fast and slow lines are still below the zero axis. According to the current trend, when the current fast and slow lines touch the zero axis horizontal line, the time consumption space is almost the same, and the second large downward trend will come, so we have to wait in terms of time and trend; the short-cycle hourly chart continues the rebound trend of yesterday today. It is currently in the European session time, and the price begins to be under pressure. In addition, the probability of shock on Monday is relatively high, so the US market will first retreat in the evening. Therefore, today's BTC short-term contract trading strategy: sell at the current price of 87,500 area, stop loss at 88,000 area, and target the 86,500-86,000 area;
A head-and-shoulder pattern has been forming and playing out since 2018. The larger the pattern, the bigger the potential target. A successful retest of the neckline further strengthens the pattern, and the weekly RSI is showing positive convergence with the price action. This indicates strong potential for good returns in the stock in the near future.