Gold longs Honestly bad PA Im talking English because I got a warning from trading view lol Longs on the table But prob. not going to get anything Anyway
The pair is trading in the lower band of the channel, and feels may go lower. However, based on the technical picture, we are still in BUY mode, and as mentioned yesterday, it is in a large range, and I remain neutral BUY since I have no clear green light to go ahead with being long. Strategy for those willing: BUY @ 18.2350-18.2850 and take profit near 18.4150 for now. It stalled around there yesterday.
The chart explicitly labels a "Breakout" point around December 15, 2024, where the price moves above the $80,000 resistance level of the ascending triangle. This breakout is a significant technical event, suggesting strong buying pressure and a continuation of the uptrend. Following the breakout, the chart notes a "Retracement" phase, where the price pulls back to test the breakout level (now acting as support at approximately $80,000). This behavior is common in technical analysis, as prices often retest previous resistance levels after a breakout to confirm support. As of March 14, 2025, the current price of $80,228.30 is just above the $80,000 level, suggesting the price may be in the early stages of this retracement or has recently stabilized after testing the support. This positioning indicates potential buying opportunities for traders looking for entry points near this level, with expectations of further upward movement. Projected Price Target: $221,000 One of the most notable annotations on the chart is the "TG $221,000" label, which stands for "Target Price" of $221,000. This target is projected based on the breakout from the ascending triangle, likely calculated by taking the height of the triangle (the difference between the resistance at $80,000 and the lowest support at $55,000, which is $25,000) and adding it to the breakout level ($80,000 + $25,000 = $105,000). However, the chart's projection to $221,000 suggests a more aggressive target, possibly involving a multiple of the height (e.g., 3x the height, $80,000 + $75,000 = $155,000, still not reaching $221,000) or a Fibonacci extension beyond standard calculations. Given the significant gap between the current price ($80,228.30) and the target ($221,000), this projection is an unexpected detail, implying a potential multi-fold increase in Bitcoin's value. It aligns with the chart's bullish patterns but involves considerable uncertainty, as market conditions, macroeconomic factors, and adoption rates could influence actual price movements. Additional Technical Observations Beyond the ascending channel and triangle, the chart includes several other technical elements: Support and Resistance Levels: The $80,000 level, initially a resistance during the triangle, becomes a key support level post-breakout. The lower trendline of the ascending channel also acts as dynamic support throughout the uptrend, providing a floor for price corrections. Volume Indicator (Implied): While not explicitly shown, breakouts like the one labeled are often accompanied by increased volume, which would confirm the strength of the move. Without a visible volume histogram, this remains an inference. Fibonacci Retracement (Potential): The retracement after the breakout could be analyzed using Fibonacci levels (e.g., 38.2%, 50%, 61.8%) to identify key support zones, though these are not drawn on the chart. Momentum and Moving Averages (Implied): Although not visible, momentum indicators like RSI or MACD could provide additional insights. For instance, a strong breakout might correlate with overbought RSI, while the retracement could indicate a return to neutral levels. Moving averages (e.g., 50-day, 200-day) might have supported the uptrend earlier, with the price potentially approaching these for support during retracements. Implications for Traders The analysis suggests Bitcoin is in a robust bullish trend, supported by the ascending channel, triangle breakout, and projected target. Traders may consider the following strategies: Buy on Pullbacks: Look for buying opportunities near the $80,000 support level, especially if volume and other indicators confirm buying pressure. Target Setting: Use the projected target of $221,000 as a long-term goal, but be mindful of market volatility and external factors that could affect price. Risk Management: Given the significant gap to the target, set stop-loss levels below key support (e.g., below $80,000) to manage risk.
Per Reuters, Vietnam is poised to grow at 6.5% to 8% for 2025 target. This is much higher than China of maintaining at 5%. Does a higher GDP growth translate to one parking funds to this country? Let's take a look at the VNM ETF. We can see since 2010 it has been heading south and has not yet recovered. That is 15 years , a very long long time. Almost more than 60% downfall from its peak of 32 dollars to current price of 12.44. It is not wise to invest just because the price has dropped significantly coz the low or lower price in weeks or months to come could stay for another 5-10 years. I don't know. One important factor in considering whether to invest is NOT to let mainstream news , no matter how popular they are, attention - grabbing titles or got 5 million views from some influencers promoting it. Get Real. Investing is to make long term returns and if after 15 years you are still bleeding , no matter big or small paper loss, it goes to show your initial selection of country/stock was wrong. Diversification then becomes an essential part of investing. The world do not operates on a linear basis, it goes in cycles much like the 4 seasons. With a good basket of different sectors stocks, you are protected from the down swing moves of one particular or heavily concentrated sector/country. So for example, when my US tech stocks is down like 10-12%, my HK/China tech stocks are rallying, this compensates and bring balance to my overall portfolio. This allows me to sleep better at night. What about you?
Early in the American session, the euro is trading around 1.0865, below the 21-month SMA, and below the 1/8 Murray level, showing signs of exhaustion. A technical correction is expected in the coming hours. Hence, the instrument could reach the 200 EMA at 1.0570 in the short term. If the euro falls and consolidates below 1.0881, it will be seen as an opportunity to sell with targets at 1.0807, at the 8.8 Murray level at 1.0742, and finally, at the 200 EMA at 1.0570. On the other hand, if the euro consolidates or breaks above the downtrend channel formed after reaching its high at 1.0950, it will be seen as an opportunity to resume buying. We could buy the euro only if it consolidates above 1.0900. The Eagle indicator has reached overbought levels and is showing a negative signal, so we will look for opportunities to sell below 1.08 in the coming days.
Yesterday, as expected, Gold reached a new all-time high, coming very close to the key $3,000 psychological level. Currently, the price is undergoing a minor correction, consolidating the strong gains from yesterday — which may present traders with a fresh opportunity to join the prevailing bullish trend. The $2,955 level, representing the previous ATH, now acts as a key support. However, in my view, Gold is unlikely to revisit this level, as it would be too obvious and heavily watched by the market. Instead, I expect a shallow pullback followed by a new impulsive leg higher, likely pushing the price above the $3,000 mark. Conclusion: The strategy remains unchanged — buy dips in anticipation of a breakout to new all-time highs beyond $3,000. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Just now opened a short position on TIAUSDT Targeting $3.366 for full close. DTT strategy applied.
BINANCE:DEGOUSDT.P The market attempted to break the trend, but pressure from strong resistance zones, combined with the overall weakness in the cryptocurrency market, prevented further upside momentum. After breaking out of the descending channel, a 45% upward movement emerged. However, upon reaching the key resistance zone of 2.11 - 2.18, the price started to stall, forming a clear trading range. Short sellers remained in control, unwilling to surrender this area to buyers, leading to intense market struggle. After a prolonged battle, a false breakout of resistance occurred, triggering liquidations as the price dropped below 2.0, pushing buyers into a state of panic. If the price remains below 2.11 - 2.18, the downtrend could continue in the short or medium term, paving the way for a deeper correction. Resistance zones: 2.00, 2.18, and 2.274 Support levels: 1.75, 1.584, and 1.359 The overall market remains weak, with altcoins reacting strongly to Bitcoin’s local fluctuations—a clear indication of liquidity collection before a further decline. BTC has yet to reach its primary target, and the lack of bullish momentum across the broader market continues to put selling pressure on altcoins.
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This protocol best business model in all crypto. Lido finance the biggest Tvl on all ETH. I have it and I’ll get more. But following my indicator the best price to 0,613 $ per one LDO.