Dear traders! On D1 XRP is forming a bearish wave within the descending channel. The lack of momentum in breaking above the 0.55x resistance level is showing that the bullish momentum is losing momentum and the bears are in strong control. Accordingly, the steady decline in price along with the balance wedge has been broken. I expect that after a pullback to the...
Dear traders! As expected BTC is falling after failing to overcome the 72,000 resistance level although the outlook going forward is positive. On a smaller time frame we can catch the selling rhythm of the market remaining when it breaks the uptrend line and forms a good arc. I predict that BTC will have a pullback to the resistance area (70,115). The price...
Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
Dear traders! The EU has broken the Neckline so the outlook continues to be positive and maintains activity based on the previous uptrend, the main reason is that the market tends to be temporarily satisfied with Thursday's decision to cut interest rates by ECB. This increases expectations of the Fed cutting interest rates in September, through which the EU may...
Dear traders! Previously after breaking out of the wedge we saw BTCUSD update its high of $71,500, after which it had a corrective move as I predicted. And now it trades relatively stable below $71,000 and we predict BTC will continue the wave of liquidity capture correction below this zone and grow further if it does not succeed in conquering the peak. 71,650...
Impact of Gold Dropping 1.38% to $2,345/ounce Market Sentiment: A decline in gold prices by 1.38% to $2,345/ounce often reflects negative investor sentiment, which can lead to a sell-off in gold holdings. Strengthening USD: When the USD strengthens, gold tends to decrease in value as it becomes more expensive for foreign investors to purchase. Interest...
... for a 24.26 debit. Comments: High IV here at 36.4%. Using the July 26th weekly here for the setup, since this is one of those options highly liquid underlyings with both liquid monthlies and weeklies, and I like to attempt to keep things in that 45 DTE wheelhouse if I can. Because of the size of this underlying, I'm looking to ladder out if we get...
... for a .65 credit. Comments: Adding a short put element to my EWZ covered call ... . Here, it was either sell the 21 delta 27 for .36 or be more aggressive and sell the 30 delta for .65. Do I really want more shares of EWZ? Not particularly. That being said, IV isn't horrid here at 26.5%, and there is the divvy to be had (8.20% annualized) so picking up...
Dear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move...
Dear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel...
... for a 42.98 debit. Comments: Hitting a little KRE (IVR/IV 42/28) on weakness here, looking primarily to grab the June dividend (March distribution: .38; 3.19% annualized). Selling the -75 call against a one lot to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even:...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Dear traders! Gold's return to structural importance Double bottom formation Find and buy 2352 would be a good entry point to buy in the next price increase! It is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2352, the chance will be better
Dear traders! On almost every timeframe, gold is showing significant gains remaining at high levels with steady trading activity on the H1 timeframe. However, in terms of prospects, previously, after testing the high of 2380, sellers actively corrected and sold off. This precious metal's strength may have been exhausted, as can be seen by the setup against...
Hello everyone! What do you think the next trend for EUR/USD will be? Currently, EUR/USD is trading close to 1.0900, having risen slightly early Friday. The pair is benefiting from a risk-on market environment, fueled by Thursday's rate cut decision by the ECB. This has increased expectations for a Fed rate cut in September, providing a positive boost for...
Hello everyone! Let’s dive into EUR/USD today! Currently, EUR/USD is showing little movement, settling into an accumulation phase around the 1.0900 level. The Bollinger Bands are tightening, indicating a period of low volatility and suggesting that EUR/USD isn’t poised for any immediate breakout. However, this calm period might be a precursor to a significant...
U.S.-based Exchange-Traded Funds (ETFs) directly investing in Bitcoin have seen unprecedented consecutive net inflows for 18 days, propelling the largest digital asset to record highs. Bitcoin ETFs are fueling the frenzy in the market. BTC is trading at an average price of $71,186. Its 24-hour trading volume has decreased by 5% to $26 billion, with a market...