What's next for Gold (XAUUSD)?We would appreciate your opinion in the comment section.
What's next for Gold?
If you take a closer look at our previous week's gold prediction, you can see everything went as planned. Gold broke our determined resistance zone, went for a pullback and skyrocketed to the 2020's high. The question is, what now? Price got rejected from 2070, and looking at 4H, created a sort of perfect head & shoulders. That should give us a signal for bearish movement. Price action did go down to 1960 (again our support zone), but an immediate bounce from it signals that price actually can't be traded lower. Why is that? As stated in the last gold idea, the price is closely related to the war between Russia and Ukraine. The thing is, it's not only about the war anymore, but every country (including yours) is also experiencing high inflation. Take a look at the prices in your country. There are high possibilities they went up. Gold as the primary measure against inflation can't go any lower. Demand increased. We are expecting bullish movement again with a possible target of 2000+. Use faster timeframes for entries (as stated on the chart). Tight stop losses on entry!
4h
NZSUSD ready for another dipTop chart shows heavy bearish pressure in the weekly timeframe and the trice broke an important support now resistance and is testing it . In the daily we can see a bearish flag forming, I don't think is going to break through the resistance levels son I opened a small position, if I see price breaking the support of the bearish flag in 4H I will add to my short position.
BTC 4H UpdateBTC 4h looking like we could print another trigger wave on cipher B and see some more short term upside, potentially even break the previous high which would be the ideal scenario, but I am still leaning more towards a bearish scenario where we come to retest the bullish daily OB.
Money flow is still in the green and we are sitting on on 4h support, we could hold either of these 2 levels and continue higher, but seeing as we currently have a lower high on the daily I think this is less likely to happen.
BITCOIN - 4H timeframeThe 4-hour timeframe also shows the Bitcoin price range between $38,200 and $39,600. Of course, the 20-day moving average (EMA) and the relative resistance index (RSI) to the middle indicate that buyers are more powerful than sellers.
In this time frame, if the price closes above the $39,600 range, we expect Bitcoin to grow up to $41,000, after which the price can rise to $42,000. In this area, bears with more sales can cause prices to fall.
If the price falls below the current level but does not fall below the $39,600 mark, it means that market sentiment has changed, and cows intend to buy more at a lower price. This can lead to further price increases.
But if the price falls below $38,200, there is a possibility of a sharp price drop again. In this case, the first support range of Bitcoin will be at the price of $36,450.
BTC 4H Liquidity Hunt from Market Makers...BTC 4h has given us a clear indication of a liquidity hunt, we invalidated the Daily Bullish Order Block and had a wick down to trap long traders into their positions.
I see 2 obvious scenarios playing out here.
1. We have a strong bounce to retest previous swing high.
2. We break market structure and go for a liquidity hunt and take out long stops and head down to the next support at 32k.
GPUSD ShortOANDA:GBPUSD
GBPUSD broke trend line structure based on the 4H and 1H further broke the 4H support line with a long bearish candle. As I look for entries on the 15min timeframe I see price attempting to make a retest on the 4H support/resistance, and the fibs show a 38.2% fib retracement which is in confluence with the 4H resistance. The 21 EMA is above the 8 MA indicating a downtrend bias. A bearish engulfing candle on the 30 min or 15 min will confirm a sell setup.
BTC dipping before a potential breach of ~45,000 levelsThe 4h chart of Bitcoin is in uptrend and to breach the uptrend, a major collapse needs to happen at this point.
Rather than a collapse, the chart indicates the dip we are experiencing now as a potential necessity before breaching the ~45,000 price mark.
Nonetheless, RSI shows both on the 1h and 4h chart, Bitcoin is entering oversold areas. This could be a a planned move by the bulls after being rejected several times at ~45,000, exhaust the bears in a calculated dip to go long and enter ~48,000 within the upcoming third week of February.
Traders should be cautious with their trades, we are still considered to be in no mans land.
The winners are those who entered long trades at ~30,000 price marks
CRO against more resistance.Hi,
Let's take a look at the CRO / USDT chart, 4 hour interval. The price is moving in an uptrend channel.
We can designate the first short-term support at $ 0.51, while the second-place support is at $ 0.48.
A resistance zone between $ 0.55 - $ 0.61 is ahead of us. Breaking through this resistance could give us more gains.
Golden Cross for dogecoinDear friends,lets take a look at the doge coin chart in the 4-hour time frame.I have used EMA-50 and EMA-200.As you can see in the chart,every time the EMA-50 breaks the EMA-200 upwards,a significant price increase is observed.After the first golden cross in August 2021,the price has increased by 63% in less than e week.After the second golden cross in October 2021 , the price by increased by 44%. Now in February 2022,if the price does not fall in the next few days,the third golden cross will occur and the price will increase by at least 36%. This review started in August 2021.
4H Analysis on CADJPYHello traders. On this 4H analysis of CADJPY, we have a recently tested resistance level in the 91.650 region. This level is currently being retested and a good entry reason for this short position would be the confirmation of a trend reversal pattern or a candlestick reversal pattern. Upon confirmation of a reversal pattern, the projected target would be in the 89.400 region.
The entry for this setup is a more aggressive one since we are not looking to wait on a break below the neckline in the 90.300 region.
Bullish Rectangle or Double Rising Wedge?It's a major debate at this moment wether Bitcoin is forming a bullish rectangle or a double rising wedge.
Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term.
If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500
As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
BTC - Bitcoin - 4h - rising wedge - volumen divergenceThis is my current Idea of BTC for the next Hours and Days.
The Volume is dropping slowly and we should normaly see a retest of the low, so we see a iHS
This would perfectly fit into my prediction from 30.12.2021 to my big Wedge as a retest
From here we sould bounce down to my daily big HS down to 25-28k
Then up for a big retest and mega HS...
Lets see what we can get, what do you guys think about it, make any sense?
Post your comment and idea below!
ETH - Keep Calm - Consolidation TimeI did predict in my TA on 4H charts at very beginning of November upcoming at least 2800 support level & most of people politely smiled back to me. Well… finally we are here, @ 2800 level crossed over.
In my TA on 4H charts it means only one - Consolidation time.
Prices still going to bounce up & down for a while and some fake breakouts going to happen up & down.
At some point it could be fake breakout and price “pushed” to 2000 level by “whales” to create panic and cash in on it. Psychology+ Panic= Profit . Some people going to loose money in the panic and my advice would be only one: PATIENCE!!!
Support level @ around 2800 has “history” from the beginning of 2021 and is not going to be cleared up over night.
Uptrend is coming and it is not going to happen over night.
KEEP CALM and DON’T PANIC !!!
BTC- Keep Calm - Consolidation time -4HI did predict in my TA on 4H charts at very beginning of November upcoming 35k support level & most of people politely smiled back to me. Well… finally we are here, @ 35k.
In my TA on 4H charts it means only one - Consolidation time.
Prices still going to bounce up & down for a while and some fake breakouts going to happen up & down. Some people going to loose money in the panic and my advice would be only one: PATIENCE!!!
Support level @ around 35k has “history” from the beginning of 2021 and is not going to be cleared up over night.
Uptrend is coming and it is not going to happen over night.
KEEP CALM and DON’T PANIC !!!