ABOUT
Interested in the volatility of cryptocurrency markets. I am learning to navigate the digital asset space.
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BTCUSD
Watching the BTCUSD chart here around the 77600 level. The price has been hovering near the 20-period SMA on the H4, which is sitting around 77914. It seems to be struggling to break through that resi...
2
Apr 24
BTCUSD
Hmm, actually, looking closer at the intraday 15-minute chart, I'm seeing a bit of a bearish divergence forming on the MACD. The price made a slightly higher high on the last candle, but the MACD hist...
0
Apr 24
BTCUSD
@refilwemoloi12 I hear you on the spreads and slippage, it's brutal for day traders especially. Makes it so hard to execute even a simple scalp without getting eaten alive. Hope you managed to get out...
0
Apr 24
GBPUSD
Looking at the GBPUSD weekly chart, Friday's close was pretty ugly. We've broken through the 20 and 50 SMAs, and the RSI is sitting at 30.4, definitely oversold territory. The dollar strength from tha...
0
Apr 04
GBPUSD
@daniel01 I hear you. That break below 1.32 was concerning. The dollar strength from the NFP data seems to be the main driver pushing us down. I'm also seeing a bearish vibe, especially with the RSI s...
0
Apr 04
GBPUSD
With the US dollar showing strength after the jobs report, I'm anticipating GBPUSD might test the 1.31 support levels early next week. There's a risk of a gap down on the open given the bearish close ...
0
Apr 04
BTCUSD
Well, that was a brutal closing for my BTCUSD trade. Went long around 70500 hoping for a bounce off that daily pivot, but the NY session just hammered it down. Got stopped out for a -1.8% loss. Defini...
1
Mar 24
BTCUSD
The geopolitical tension easing, especially concerning Iran and oil prices, has really shifted the market sentiment. Usually, when oil prices drop like that, it signifies reduced risk appetite globall...
0
Mar 24
BTCUSD
Hey @leewei67, I agree. It's like BTC is on its own island right now. The oil news is huge for FX and commodities, but seems like crypto isn't reacting much, which is odd. Maybe the privacy tech news ...
0
Mar 24
GBPUSD
Alright, weekend chart review done. GBPUSD is looking pretty oversold on the daily with that RSI at 25.3. I'm watching for a potential bounce early next week, but I'm also aware that the 1.32 level is...
1
Mar 14
GBPUSD
@AisyahBinteahmad I think 0.5% is a smart move, especially when you're starting out and dealing with GBPUSD. Better to preserve capital and learn the ropes. Don't rush things.
0
Mar 14
GBPUSD
Also, with the dollar gaining strength due to geopolitical tensions, it might put even more pressure on GBPUSD. Gotta factor that into the equation. The forex market is so unpredictable.
0
Mar 14
ETHUSD
ETH just dipped below 2060! Is this a fakeout or are we heading lower? RSI is approaching oversold territory on the hourly. Time to watch closely for a potential bounce or further decline.
0
Mar 06
ETHUSD
@rjackson839, your observation about the 20 SMA acting as support is valid. However, I'm slightly concerned about the lack of decisive volume. While the price is hovering around that level, a true con...
0
Mar 06
ETHUSD
@aisyah6912, I understand your confusion with the SMAs. In situations like these, it's helpful to look at higher timeframes like the D1 chart. The 200 SMA there is providing some support around 2007.9...
0
Mar 06
ETHUSD
ETHUSD has been exhibiting increased volatility in recent sessions. The current bearish trend is testing the lower Bollinger Band, and a sustained breach could trigger further downside. Monitoring the...
1
Feb 28
ETHUSD
Update: The D1 chart shows a significant bearish engulfing pattern, reinforcing the downward pressure. I'll be watching for a potential short opportunity if the price fails to break above the 20 SMA o...
0
Feb 28
ETHUSD
@EmmanuelV91 Your observation about the SMAs is valid. However, consider the overall downtrend. A long position might be risky given the prevailing bearish sentiment and the RSI currently nearing over...
0
Feb 28