This is my View On What Goldie is gonna be doing For The next few weeks
Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is. The last time it hit the MA50 was on October 11th. The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level. Trading Plan: 1. Buy on the current market price. Targets: 1. 105000 (the 0.786 Fib). Tips: 1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th. Please like, follow and comment!! Notes: Past trading plan: https://www.tradingview.com/chart/BTCUSD/bkYatmHF-BTCUSD-approaching-a-very-strong-support-zone/
this are the reasons why im still bullish and hoping that this month will close green 1.we bounce exactly at tested strong support and acting as 0.382 2.ema 50 respected 3.hidden bullish contenuation divergence 4. blackrock add more coins this during this flash sale last inverse head and shoulder pattern bullish pattern is about to break out anytime
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With the Eurozone's GDP growth lagging at 1.0% and inflation staying below the ECB's target, the EUR faces headwinds in Q1 2025. In contrast, the UK's GDP is projected to grow by 1.5%, supported by easing inflation and higher BoE rates of 4.5% compared to the ECB's 3.25%. This monetary policy divergence and stronger UK economic fundamentals favor GBP over EUR. However, watch for dovish shifts from the BoE or global shocks that may lend safe-haven appeal to the EUR.
Technical Analysis and Outlook: During this week's trading, the S&P 500 index exhibited considerable volatility after reaching our critical support level of Mean Support 5870. Subsequently, it demonstrated a robust upward recovery. This development is anticipated to facilitate the impending phase of the renewed interim rebound, with the objective of retesting the Key Resistance level at 6090, thereby paving the way for continuing the bullish trend. However, it is crucial to recognize that a retest of the Mean Support 5870 remains a great possibility.
Technical Analysis and Outlook: The Eurodollar exhibited a bearish trend during the initial part of the week; however, it subsequently demonstrated a significant recovery by retesting the completed Outer Currency Dip at 1.035. This renewed interim rebound is poised to drive the Eurodollar toward the Mean Resistance level of 1.051. However, it is crucial to recognize that a retest of the completed Outer Currency Dip at 1.035 remains plausible.
Patterns tell you what. Price tells you why. ? Here’s a clean example of price structure: Lower Highs and Lower Lows signaling potential continuation. A tighter consolidation shows indecision, often preceding a breakout. What I’ve found is that hand-drawing these moves deepens your focus, slows you down, and builds your trader intuition. It’s not about finding shortcuts—it’s about understanding the story behind price. What’s your take? Do you focus on structure like this in your trading? Let’s discuss!
Technical Analysis and Outlook: Bitcoin's spectacular pullback to Mean Sup 91800 is noted. We anticipate a rebound to the upside, targeting the key Resistance level of 106000. Nevertheless, it is essential to acknowledge that a retest of the Mean Support level 91800 remains a plausible scenario.
Sell gold at the current price with a stop loss at 2621 (190 pips) and take profit at 2560, 2532, and 2515.