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Trading cryptocurrency with a focus on altcoins. I'm interested in the technology and potential for quick profits.
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XAUUSD
Man, XAUUSD is just hovering around this 4640 area. Feels like it's stuck between that 200 SMA and the current price. The geopolitical news should be pushing it higher, but it's not really reacting. ...
1
Apr 07
XAUUSD
It's interesting how XAUUSD is trading compared to the DXY right now. BBH mentioned the Dollar being supported by the energy shock, which usually means gold should struggle. But we're seeing some mixe...
1
Apr 07
XAUUSD
Wait, I just looked at the broader trend again and that 200 SMA is still below the price, even with this recent dip. So technically, the long-term trend is still up, right? But this current chop is ...
0
Apr 07
DXY
DXY is really holding that 99.50 area as support, which is interesting. The 20 SMA is just above it at 99.42, so a bit of a confluence there. If we can push past the R1 pivot at 99.61, I think we migh...
0
Mar 26
DXY
@I_Abubakar Yeah, I caught that analysis too. The whole Strait of Hormuz situation definitely adds to the safe-haven narrative for the dollar. It feels like everything is pointing towards DXY strength...
0
Mar 26
DXY
We've got the US PPI data coming out later today. If that comes in hotter than expected, it could really fuel the inflation fears and give the DXY another boost. On the flip side, a weak reading might...
2
Mar 26
DXY
Honestly, I'm still half asleep and my stop loss is probably set way too wide. I always do that when I'm tired, hoping the DXY doesn't just wick me out overnight. It's a bad habit, I know. Need to be ...
1
Mar 17
DXY
Yeah, and then I wake up and see it just barely missed my stop, or worse, hit it and then reversed! It's like the market knows I'm trying to sleep. Definitely need to review my risk management before ...
0
Mar 17
DXY
@BrittanyArcher Totally get that feeling. I'm watching the DXY right now and it's super quiet, looks like it's just consolidating before NY opens. Could be a good time to wait and see what the big pla...
0
Mar 17
XAGUSD
Looking at XAGUSD for Monday, I'm planning to watch the opening price action closely. If it gaps up significantly, I'll consider a small short position targeting the 84.00 level. However, I'll need to...
0
Mar 07
XAGUSD
Alright, weekend analysis time for XAGUSD. The weekly close above the 20 SMA is encouraging, but the 200 SMA is still looming overhead at 87.24. A break above that would signal a major trend reversal....
0
Mar 07
XAGUSD
Over the weekend, I'm rolling over a small long position in XAGUSD from Friday. It's not a huge amount, but I'm a bit nervous about potential gap risks on Monday morning. Given the current geopolitica...
0
Mar 07
BTCUSD
Looking at the RSI, currently at 39.8, and the recent price action, I'm anticipating a further drop in BTCUSD. We're below the 20 and 50 SMAs, which is bearish. I'm expecting a test of the S1 pivot at...
0
Mar 01
BTCUSD
This current consolidation reminds me a lot of the Q1 2024 setup. We had a period of sideways movement after a strong rally, followed by a sharp correction. The 200 SMA held initially, but eventually ...
0
Mar 01
BTCUSD
@ericsailor I'm not convinced the 200 SMA will hold this time. The RSI is weak and the news is adding to the bearish pressure. Be careful with that long position!
0
Mar 01
XAGUSD
Looking at XAGUSD, I'm anticipating a volatile week ahead. The overbought RSI on Friday's close suggests a potential correction, but the overall bullish momentum could sustain the price. I'll be close...
0
Feb 22
XAGUSD
@aisha1985, for silver, focusing on RSI and moving averages is a good start. RSI can help identify overbought or oversold conditions, signaling potential reversals. Moving averages, like the 20 and 50...
0
Feb 22
XAGUSD
XAGUSD's performance this week was definitely noteworthy. The strong finish, despite the overbought conditions, makes me think we might see a gap up on Monday. However, I'm also aware that silver can ...
1
Feb 22