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Neutral

Worrying BTC chartBTC has been ranging 30-60k for almost a year now. Currently it has tested weekly support in low 30s about 10 times! We can say currently 30k is old 6k where we had established multi month support previously and we know what happened when it broke.. This weekly candle looks pretty bad is it retraced almost whole move. Having that said, still best bet is in low 30k's hoping that support will hold once again. The question is are buyers are going to step in and buy this support that has been tested so many times..
by TRDr11
BTC Three scenarious I am watching at!Hey, you dont have to do a trade now and fomo in you can also just take some time and watch out at what is going to happen don't be scared to miss out something. There are a lot of oppurtunities you can take advantage of. What I had to learn was not fomo in something just because it went up. A lot of people that were bearish saying BTC will go down to 20k are now super bullish just stay neutral without emotions. Observe the market because everything can happen, if you think like that you will see what is really there and not what you want to see. I am still learning to get better at it. Let me know what your scenarious are.
by Tyrocrypto
3
BTC Update - what's going on? Confluence appears...The latest "bull" move seems to have topped out at a nice confluence. Hindsight is 2020.... too. 2022... Confluence: - 1.618 extension off the low. - 382 retracement of the bear move from 69k to 32k - 12 Week EMA - What about the 200 day MA? I'm starting to feel bull, but we'll need to see this retrace with a proper bounce. Lots of indicators suggest an uptrend regardless if it is bull or a dead cat bounce. If we're lucky we'll retrace the bear move to 786 and get some nice bear entries after enjoying a nice bull rally. My count remains topped out at 69k, while some suggest 100k. I'm willing to compromise at 75k based on some previous analysis but not 100k... let's see! :)
by Shadowfigure
Gold 4-Hour Channel Breakout Hits TargetOur 4-Hour channel Breakout from a few days ago has reached its target. The target was the bottom of the beginning of the channel. However, we had no retrace to the neck zone, so we had no entry. I am a breakout and retrace trader, and if I see no retrace to the point of interest, I will not take a position. My thoughts on Gold now is that if support does hold around the 1782 mark, we should begin ranging in short to mid-term between support and 1810. Let’s watch and see what it does. I will be watching as always, and should a setup present itself; I will be posting it. Happy Monday!
OANDA:XAUUSD
by TheVortexTrader
2
Corrective Price Action In GoldGold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by making higher highs and then correct strongly downward. This zigzagging price action OFTEN indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the general markets. Well this is NOT the case and has not been for most of its modern history. I believe this misrepresentation of gold comes from the price action of the 1929 crash where gold I believe did move contrary to stocks at times. BUT it does not concern us what happend 90 years ago! Gold prices I believe were fixed back then and so its outcome had to have been different. What does concern us is what happened in 2008 where gold fell just like any other asset. And this continues to inspire confidence that this will NOT BE THE DEFENSIVE ASSET EVERYONE ELSE THINKS GOLD IS! It is an asset just like oil or stocks. And in hard times it too will fall. The price action here reminds us that this will likely be the case and sooner than later. For now we remain neutral and wait for further confirmation before well sell gold.
COMEX:GC1!
by Sinex
1
BITCOIN , BTCUSDT 1DBitcoin Unfortunately, Bitcoin lost significant support at $ 40,000 and reached $ 34,000 in one day after a fake move to increase its long positions and liquidate a lot of capital and a large dump at $ 43,000. Numerous reasons, such as the negative fate of Russia and the intersection of death, also contributed greatly to this dump Unfortunately, the bitcoin shoulder pattern was also approved, and if the price goes up according to this pattern, we will see a price of $ 20,000! But the flat ABC pattern can not be ignored either, which is not too far off the mark and may happen and push the price upwards from $ 30,000
by SaeidMahbob