There is one very simple takeaway for me from this chart and that is simply that raises and Lowering of interest rates had Very little Effect on Bitcoin It is more the effect it had on other organisations and the sentiment that followed Bitcoin and the traders. For instance, From Jan 2023, when we saw Bitcoin begin its recovery, interest rates continued to rise.....and had NO effect on the Bitcoin recovery And I think this continues to this day. After the First push higher by Bitcoin in 2023, PA went into a Long range...in this time, interest rates began remaining at a static level. Bitcoin did not rise because of this. When BTC was ready, it made a push higher again, interest rates were static and remained so while BTC entered another long range in 2024 It could be said that BTC PA rose once Rates were reduced but PA leveled out again even while the next rates decision was to reduce. Bitcoin has its own agenda, it is NOT dependant on the USA to control its choices On Each range, the MACD on the weekly timef rames was OVERBOUGHT. And it is currently resetting having been overbought again. This s NOTHING to do with interest rates. MACRO events do have an impact though and we need to pay attention this this But over all, Bitcoin is GOOD, BULLISH and getting ready for its next push Have a Nice day now
https://www.tradingview.com/x/M6opidC6/ In these two areas or zones, if you see an engulfing candlestick pattern, you can consider taking a sell position. Place the stop loss (SL) behind the engulfing candle and enter the trade after the candle closes. Set the target at 3006.
The USDCAD pair has been trading within a Channel Down and is currently around the 1D MA50 (blue trend-line) following its latest Lower High formation. If the current Bearish Leg is as strong as the previous one, we can expect the price to hit at least the 1D MA200 (orange trend-line) at 1.4000. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
Bear flag forming at the edge of the channel. The flag pole came down with good volume and flag itself (consolidation) on decrease volume therefore good probability of more downside. If that happens that could create a Wycoff spring and resume the current trend.
**Chart Description:** This chart represents the price action of Gold (XAU/USD) on the 15-minute timeframe. It highlights key support and resistance zones, trendlines, and a potential bullish setup. - The price previously declined, reaching a support zone marked in purple. - A trendline break led to further downside movement. - The price has now formed a consolidation near the support area and is showing signs of a potential reversal. - A blue arrow indicates a possible bullish move towards the upper resistance zone near **$3,044.83**. - The green box represents a possible **risk-to-reward trade setup**, with an entry around **$3,037.89** and a target near **$3,044.83**.
FX:XAUUSD is going into consolidation after strong growth on the back of dollar correction. The metal may test deeper support areas before attempting a new high https://www.tradingview.com/chart/XAUUSD/E9eQyvgt-GOLD-Fading-out-before-the-news-Possible-long-squeeze/ Gold is correcting, but remains in an uptrend The decline in quotations may be seen as a buying opportunity, given the economic uncertainty due to Trump's tariffs and expectations of Fed rate cuts. The Fed reiterated its forecast of two rate cuts in 2025 despite Powell's cautious comments. Gold is further supported by rising inflation risks and geopolitical tensions in the Middle East. Resistance levels: 3045, 3057 Support levels: 3024, trending, 3004 Reaction to support is weakening, even amid the uptrend. Gold may stay in this consolidation until the middle of next week, or it may try to break out of the consolidation to retest deeper support zones, such as the rising trend line or the 3004 imbalance zone, from which the growth may resume. Regards R. Linda!
if price confirms it is a leading diagonal, we will see a corrective move down before another spike higher. Am eagerly waiting for the confirmation to load up positions in eurusd gpb aud etc as DXY will show the way, it moves up mean USD bullish and hence eurusd gbpusd etc moves down. Good luck. PS: Give a boost if you like my sharing
The gold hourly chart is forming a head and shoulders top, and it fell back as expected. Now it has stopped falling at the neckline position of 3022 and rebounded again. However, the 4-hour chart did not close higher, and the market continues to be bearish.Operationally，It is recommended to continue to implement the strategy of increasing positions and short selling below 3037, and continue to watch for a sharp drop!.In terms of short-term gold trading, it is recommended to short on rebounds and long on pullbacks Gold operation strategy reference: Short order strategy: Strategy 1: Short 20% of the gold position in batches when gold rebounds to around 3037-3040, stop loss at 3055, target around 3025-3015, and look at 3005 if it breaks; Long order strategy: Strategy 2: Long 20% of the gold position in batches when gold pulls back to around 3003-3005, stop loss at 8 points, target around 3015-3025, and look at 3035 if it breaks;
My EUR/USD trade idea is well-structured based on the recent breakout and descending channel formation. Here’s a refined breakdown of the setup: Trade Plan: Entry: Sell only after price consolidates below 1.0834 (to avoid false breakouts). Target (TP): 1.06143 (next major support level). Stop-Loss: Consider placing it around 1.0865 - 1.0880 (above recent highs or resistance). Confirmation Signals: Break & retest of 1.0834 as resistance. Bearish candlestick patterns (e.g., strong bearish engulfing, rejection wick). Volume increase on the breakdown. Would you like me to check current RSI, MACD, or other indicators for added confirmation?
Aud are showing weakness and I anticipate further drop down to 0.53500 area from here. I'm already in this trade from 19th of March Entry: current price SL: 0.56500 TP: 0.53500