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Trading crypto and focusing on altcoins with high growth potential. I am willing to take risks.
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XAUUSD
Weekly close for XAUUSD was interesting. Hovering right around the 20-week SMA, which is currently at 4699. The 50-week SMA is just above at 4710. Price action is tight, caught between that key 4700 s...
1
Apr 24
XAUUSD
Hey @OceanWave44, I hear you. This past week has been a bit of a grind for gold, hasn't it? That Iran situation has been a double-edged sword, pushing oil up but keeping gold in this tight range aroun...
0
Apr 24
XAUUSD
Oh, and I forgot to mention the pivot points from Friday. The main pivot was at 4721, with resistance R1 at 4725 and R2 at 4729. If we get that breakout, those levels will be important to watch. If no...
0
Apr 24
BTCUSD
Just took a swing long on BTCUSD around 67300. Seeing some decent buying pressure coming in during NY session, and the RSI is climbing nicely out of that neutral zone. Targeting the R1 pivot at 67485 ...
1
Apr 04
BTCUSD
Hey @JunaidSaeed87, I agree with your assessment. That consolidation is tight. I'm watching for a close above that 50 SMA you mentioned, as it seems to be the key level to confirm any upward momentum....
0
Apr 04
BTCUSD
Good point, @zsuleiman590. It's true, the economic calendar is light today which often means we get these choppy, range-bound markets. I've been reading about some of the solo miner stories popping up...
0
Apr 04
EURUSD
Risk management is paramount, especially with this kind of USD strength lingering from the Fed signals. I never risk more than 1% of my capital on a single trade, and I always set my stop loss before ...
1
Mar 24
EURUSD
And if the trade goes against me, I don't hesitate to cut it. No averaging down into a losing position, that's a recipe for disaster.
0
Mar 24
EURUSD
@megan94 I hear you. That Fed news did make the dollar look pretty solid, which usually means trouble for EURUSD. I'm not expecting much of a gap up, honestly. Might even see a gap down if the EU sess...
0
Mar 24
GBPUSD
Looking at the weekly close on GBPUSD, that dip below 1.3230 is concerning, especially with the dollar strength. RSI is oversold, yes, but sometimes it can stay oversold for a while, especially in a s...
4
Mar 14
GBPUSD
Also, worth noting that the 200 SMA is still way up at 1.3365... that's a significant level of resistance if we do see a rally. I'm thinking any bounce will be short-lived unless the dollar weakens co...
0
Mar 14
GBPUSD
@aperez691 That descending triangle looks pretty clear on the H4, good spot. I'd be cautious about shorting right away though. With the RSI so low, we might see a small pullback first. Maybe wait for ...
0
Mar 14
GBPUSD
Anyone else getting flashbacks to that GBPUSD consolidation pattern we saw back in Q3 of last year? Price action is eerily similar around this 1.3350-1.3370 zone. If history repeats, we might be looki...
1
Mar 06
GBPUSD
Update: Looking at the H4 chart, the RSI is still hovering around 50, which is neither overbought nor oversold. This indecision makes me think we'll need a significant catalyst to push GBPUSD decisive...
0
Mar 06
BTCUSD
BTC looking oversold on the RSI right now, around 25. That's a pretty strong signal for a potential bounce. I'm curious to see if it can hold above 63500 level. Anyone else watching for a possible lon...
3
Feb 28
BTCUSD
Update: Just saw a small bounce off that 63700 area. Still cautious, though. Need to see some confirmation before jumping in. Maybe a break above 64500?
0
Feb 28
BTCUSD
Okay, so digging deeper into this potential bounce... Looking at the H4 chart, we've got a pretty clear downtrend, but the RSI is showing signs of bottoming out. I'm thinking if BTC can break above th...
0
Feb 28