The DXY is showing a weakness signals. If the price close above of 107 pts Sell
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As of February 23, 2025, Bitcoin (BTC) is trading at $96,344, reflecting a slight decrease of 0.198% from the previous close. Recent market movements have been influenced by geopolitical events, notably the imposition of U.S. tariffs on imports from Canada, Mexico, and China. These actions have raised investor concerns about potential inflationary pressures, which could impact non-interest-bearing assets like Bitcoin. INVESTOPEDIA.COM From a technical perspective, Bitcoin's price action suggests the formation of a double top pattern between December 2024 and January 2025, indicating a possible bearish reversal. Key support levels to monitor are $92,000, $87,000, and $74,000. Conversely, a decisive move above the $106,000 resistance level could invalidate the bearish pattern and signal a continuation of the uptrend. INVESTOPEDIA.COM For a comprehensive technical analysis, traders can refer to TradingView's BTCUSD technicals, which provide real-time insights based on popular indicators such as Moving Averages, Oscillators, and Pivots. Given the current market volatility, it's advisable to stay informed about global economic developments and employ risk management strategies in your trading approach.
Gold is in a bull market, if this trend keeps holding, $3700 could be coming by year end.
A quality project that I have been following for a long time to buy from the bottom, but it has fallen to unreliable levels. The chart has become difficult to interpret. I do not think it is safe unless it maintains its permanence above the $4.1 level, it may fall to the 2.. levels again. It can be considered for the long term as soon as it starts to provide reliable data above the $4.1 level. In a positive scenario, the 9.5 - 14.5 levels are very important profit-taking points. If it continues to receive investments above these levels and the data is positive when reviewed again, it can try a new ATH. I do not see anything else to comment on at the moment, a good project but weird charts and price movements... It is not investment advice.
I just now opened a short trade on vtho. After a big correction I think finally this might be the end of it. So taking my chances. The downside potential is huge. Its correcting on the weekly timeframe and hasn't reached a point of support yet, it has broken through prior support which tells me the demand is not strong in this area so am looking to short it down to $0.0302 area. Quite likely I'll take profit along the way as it might be a long wait at at 0.03225 I'll be up like 4RR so make sense to take at least 50% there. It depends on the price action. I'll update below my decisions as the trade progress.
Gold is in bull market, this is an idea for gold reaching $3700.
If price returns to the green support zone ?, there is a potential bounce up ? as buyers could step in again and push the price higher.
Nice rejection from resistance last friday and price has reached SMA20 on daily chart too before closing. This means that price could do a pullback and give us a better entry for shorting. For entry look for pullback up to 0.57200 SL above recent highs TP down at 0.56000
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