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Investing in cryptocurrency for the long term. I see great potential in decentralized finance.
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BTCUSD
Looking at the economic calendar for today, there's quite a bit of US data hitting in the next few hours. We've got that Non-Farm Payrolls report and also unemployment rate figures. These are usually ...
2
Apr 06
BTCUSD
Actually, I just rechecked the news feed and saw that headline about Bitcoin consolidating below $70,000 while Ethereum is eyeing a breakout. That really reinforces my concern. This consolidation phas...
0
Apr 06
BTCUSD
And if those NFP numbers come in weak, that could really spook risk assets like BTC. Just my two sats.
0
Apr 06
XAUUSD
Given the current bearish RSI of 37.8 and the price testing near the S2 pivot at 4395.45, I'm anticipating a short-term bounce. The recent news about geopolitical tensions easing, even if temporary, c...
0
Mar 26
XAUUSD
Hey @kclark638, I agree, this week has been brutal for XAUUSD. Breaking 4500 so easily was concerning. While the RSI is low, the S2 pivot at 4395 looks like a key level. If that gives way, we could be...
0
Mar 26
XAUUSD
Totally, @laurenallen55. The DXY correlation is often too strong to ignore. With the dollar showing some strength again, it's no wonder gold is taking a hit. Feels like a classic move when they want t...
0
Mar 26
XAGUSD
This XAGUSD chart is giving me a serious headache today. The RSI is deep in bearish territory, pointing down, but we're seeing some consolidation around the 79 handle. The 200 SMA is still a ways off,...
4
Mar 17
XAGUSD
@benjaminyoung50 I hear you on the silver sell-off. It's been brutal. Regarding the oil news, I agree it's a double-edged sword. Higher oil prices could squeeze miners, but if it leads to broader econ...
0
Mar 17
XAGUSD
Just moved my stop loss on my XAGUSD long position to breakeven at 80.80. After seeing that ADP employment data earlier, I'm a bit more cautious about immediate upside. While the geopolitical tensions...
1
Mar 17
GBPUSD
Another weekend... staring at the charts, wishing the markets were open. GBPUSD has been consolidating for what feels like an eternity. I'm itching to see if it breaks through that 1.34 resistance nex...
1
Mar 07
GBPUSD
@justin9077, I agree that GBPUSD seems stuck right now. The RSI is hovering around 60, so it's not strongly indicating overbought or oversold conditions. Scalping small moves could be an option, but b...
0
Mar 07
GBPUSD
Update: I'm going to set up some alerts around those SMA levels I mentioned. A break either way could signal a good entry point. Might even consider a small hedge position over the weekend, just in ca...
0
Mar 07
ETHUSD
ETHUSD showing some positive movement this morning. The SMA20 is currently acting as support around 1966.04, but I'm cautious given the geopolitical situation. What's everyone's overall sentiment give...
1
Mar 01
ETHUSD
Update: Monitoring the RSI; a sustained move above 60 would reinforce the bullish outlook. I've set a preliminary target near the R1 pivot point at 2001.6.
0
Mar 01
ETHUSD
@uchenwachukwu21, I agree that the consolidation around 1860 presented a potential entry point. However, the recent rally suggests that the breakout has already occurred. A pullback to the SMA20 might...
0
Mar 01
USDJPY
USDJPY's Friday close leaves me somewhat neutral. The pair is essentially straddling the 50-day SMA, which could act as a pivot point next week. I'll be watching closely to see if it can establish a c...
1
Feb 21
USDJPY
Update: Further to my earlier comment, the Bollinger Bands are also converging, suggesting a period of consolidation before a potential breakout. A break above the upper band at 155.55 could signal a ...
0
Feb 21
USDJPY
@aWhite94, I agree with your observation regarding the indecision on the hourly charts. The struggle around the 50-period SMA is certainly a key area to watch. However, I'd also consider the broader d...
0
Feb 21