XENUSDT is forming a potential WXY correction, with 55 SATs acting as a key support level. If this holds, a reversal is expected, targeting the important supply zone as the first resistance, with the final setup target outlined on the chart. Failure to hold could push the price toward the critical demand zone, presenting a prime accumulation opportunity. A confirmed breakout above resistance would signal bullish continuation, while further downside could sweep liquidity before recovery. Watch for reactions at these levels and trade accordingly.
Is the bitcoin dominance correlated to the DXY? So far... I think so. Chart pattern wise anyway. So, according to the DXY, if the Dominance follows this pattern we should be in the biggest altseason to date. But it could be the last one for a while as there could be a 90% to 95% flush out of alts coming. This would crush all altcoin belief and get rid of all the shit coins. Lets be honest at this point it's needed to flush out all this garbage, it's too much. Then knew cycle would start over and follow with a massive altseason bigger than anything ever. Don't get excited just yet, it not happen until 2033 or later. Also according to this chart, dominace can go a bit higher to 72% before it starts to fall. lets see That's all I have here, I just wanted to put it out here. If you want more analysis on this I have put out a comprehensive video on my tictik and youtube page. Remember, this is not financial advice. Kind regards, Demetrios
Nifty is looking uncertain. If Nifty crosses and sustains above 23750, only then we can expect upside momentum upto levels of 24156-24300. The base for an upside would be 23612. While on the downside, if Nifty breaches 22750, upon its breaching 23400, there would be strong short covering levels of 23292 and 22950.
This forecast is for the week of Feb 10-14th. Gold and Silver are both bullish, with Gold being the stronger of the two. I am not interested in selling either until I see a bearish BOS, as the swing structure is bullish, and the trend is up. Wait until the fractal structure is aligned with the overall market structure, which would make for higher probability buys to follow the trend. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
1. ETF funds continue to flow in: Since its launch, the Bitcoin spot ETF has continued to attract institutional funds, especially institutions such as BlackRock and Fidelity, which have increased their purchases, indicating that the market recognizes Bitcoin as an asset allocation tool. 2. The halving cycle is approaching (April 2024): Bitcoin's historical data shows that the reduction in supply will drive prices up before and after each halving. The market is currently entering the accumulation period before the halving, and funds are expected to be deployed in advance. 3. Healthy market structure: Despite short-term fluctuations, the buying in the spot market remains strong, and there has been no large-scale liquidation of positions in the futures market, indicating that the main funds have not yet withdrawn. 4. Fed policy expectations: Although the timing of the interest rate cut is uncertain, the market generally believes that the Fed may begin to relax its policy in the second half of 2024, and the weakening of the US dollar will benefit risky assets such as Bitcoin. 5. Global risk aversion demand is rising: Geopolitical uncertainties (such as the situation in the Middle East and US-China trade frictions) are intensifying, and Bitcoin, as "digital gold", attracts risk aversion funds inflows. Conclusion: Short-term pullbacks will not change the long-term upward trend. Bitcoin is still expected to break through the historical high, with the target above 110K. Buy at low prices, pullbacks are opportunities!
Long-term bullish setup. Invalidation point at 0.8557.
I take a look at PEJ and some related companies to show that yeah, maybe, we are seeing here the whole industry enjoining a good moment.
liking NASDAQ:TLT here. This is a monthly chart fyi 1. Forming nice head and shoulders knees and toes 2. RSI and price divergence since 2023 3. just bounce of a strong line of support last 2 months My gut says if we break the resistance at current price, we can go quickly to $94. Medium term, $120 will act as a magnet with the lack of volume between current price and that area. Long term aiming for the green dotted line for the middle of the channel, but hey I ain't got no patience. Playing for the $94 and then hopefully $120 comes fast. This asset tends to do good when there is market turmoil, at least it has done it in 08, and covid. Just putting this out there while wearing my tin foil hat of cheap aluminum. yieaahhh
I am writing this because of what I am reading in the MSM lately. Many are delirious. I would say madness as if $3,000 is a sure thing and $4,000 is next @ 100% probability. Let's remember 2 facts about XAU: a) even as price goes ever higher, the all-time high for gold price was set in 1980; and, it has never exceeded that price point since 1980. b) The higher price of gold over time is a reflection of the loss of purchasing power in the U.S. dollar; nothing more - AFTER THE FACT. The beauty of Harmonic Pattern is that it can 'foresee' or anticipate price movements so much in ADVANCE. If we look at the above chart, the price just 'misses' $3,000 by a few bucks. This is significant!!! Perhaps more significant is what happened these last few days - the appearance of Trump and Musk, as if by providence - the things they are doing, that make the harmonic pattern 'prediction' above seem more and more likely. Musk will accomplish what Milei did - cut wasteful spending. Perhaps he will do even better. Just look at Argentina's inflation rate!!! This is because both these gentlemen believed in what Milton Friedman said about inflation. And Trump said he wants a BALANCED BUDGET!!! And I think inflation in the US will most likely drop - drastically - like in Argentina. So what XAU??? Still want to bet it to rise??? Good luck.
Trading Idea for Gold (XAU/USD) Context: Gold has just completed a liquidity grab, forming a double top structure, followed by a sharp bearish candle. This suggests a potential exhaustion of the recent bullish rally. Based on the current structure and price action, the upcoming week could enter a corrective phase, especially after the strong upward momentum we’ve seen. Key Levels & Observations: - Liquidity Grab: The double top above the $2,860 level indicates a trap for buyers, potentially signaling a reversal. - Fair Value Gap (FVG): A bearish imbalance near the $2,860-$2,855 zone could act as resistance if retested. - OTE Zone: The optimal trade entry (OTE) zone aligns with the bullish trendline and the 50% retracement level near $2,830-$2,820. This could be a significant area for a bullish reaction after the corrective move. - Bearish Momentum: The strong bearish candle hints at sellers gaining control, at least in the short term. Forecast: - Monday Bias: Bearish, targeting the FVG near $2,840-$2,830. - Weekly Outlook: A corrective pullback towards the OTE zone ($2,830-$2,820) is likely, followed by a potential bounce off the trendline for the continuation of the long-term bullish trend. Trading Plan: - Short Setup: Entry: $2,860 (FVG zone) Stop Loss: Above $2,865 (double top invalidation) Take Profit: $2,830 (OTE zone) - Long Setup (if conditions align): Entry: $2,830-$2,820 (OTE + bullish confluence with the trendline) Stop Loss: Below $2,810 Take Profit: $2,860 and above - Risk Management: Ensure proper position sizing, as corrective phases can be volatile. Monitor key news events that may influence gold, such as macroeconomic data or central bank announcements.