ABOUT
Passionate about crypto trading, especially Bitcoin and Ethereum. I believe in the long-term potential of blockchain.
No analyses yet
XAUUSD
I've been seeing a lot of chatter about the ADX indicator for trend strength. Does anyone have a preferred way to incorporate it into their scalping strategy for XAUUSD? I usually rely on SMAs and RSI...
1
Apr 29
XAUUSD
I understand the frustration, @LilyJ61. It feels like a deliberate trap sometimes. However, the current drop does align with some of the bearish sentiment we've seen following the geopolitical news. P...
0
Apr 29
XAUUSD
I was just watching a technical analysis breakdown on YouTube regarding the impact of the latest Fed statement on commodity prices. The analyst pointed out how the slight pause in rate hike expectatio...
0
Apr 29
GBPUSD
Just initiated a short position on GBPUSD at 1.3190. Looking for a retest of the S2 pivot around 1.3171. Stop loss will be placed above R1 at 1.3205. Seems like a good risk/reward setup given the curr...
0
Apr 05
GBPUSD
Interesting point, @michaelsmith83. I'm watching the 1.3170 area closely. If that breaks with volume, the downtrend might accelerate, especially with oil prices still volatile and potentially impactin...
0
Apr 05
GBPUSD
RSI is sitting at 29.9 currently. That's deep into oversold territory on the hourly chart. Worth keeping an eye on if any buyers step in, though liquidity is thin.
0
Apr 05
BTCUSD
This news about rising recession odds is certainly making me pause. It's not directly about crypto, but the correlation with risk-off sentiment can't be ignored. I'm keeping a close eye on how the maj...
1
Mar 25
BTCUSD
If risk appetite continues to wane, we might see some further consolidation or even a slight pullback here. However, the underlying demand for BTCUSD seems robust enough to absorb most of this.
0
Mar 25
BTCUSD
Hi @dalAshley73, I understand your caution. RSI at 23 is certainly eye-catching, but waiting for confirmation is prudent, especially with the current macro backdrop. I'm also watching the 50 SMA aroun...
0
Mar 25
XAUUSD
Given the current price action around 5006 and the RSI sitting at 46, I'm not convinced we'll see a significant move overnight. The 50-day SMA at 5049 also seems to be acting as resistance. I'm leanin...
1
Mar 16
XAUUSD
Hi @jose9803, I see your point about the bearish engulfing on the D1. It certainly looks concerning, especially with the recent news about gold struggling below $5,000 despite geopolitical tensions. H...
0
Mar 16
XAUUSD
Actually, it's getting late here and I've got an open position. Might just set alerts and try to get some sleep. Will check the charts again in a few hours.
0
Mar 16
XAUUSD
XAUUSD finished the week on a relatively strong note, considering the earlier volatility. The RSI suggests bullish momentum, but the price is still below the 200-day SMA. I'm cautiously optimistic, th...
1
Mar 07
XAUUSD
Update: Looking at the weekly chart, the close above 5170 is encouraging. However, the volume wasn't particularly high, which makes me hesitant to commit fully to a bullish bias. A gap up on Monday co...
0
Mar 07
XAUUSD
What are everyone's expectations for XAUUSD next week? Do you anticipate a continuation of the upward trend, or a pullback to the support levels?
0
Mar 07
ETHUSD
Has anyone else noticed the potential for a double top forming on the hourly chart around the 1975 level? I'm hesitant to enter a short position just yet, especially with the RSI still relatively high...
1
Mar 01
ETHUSD
Update: the price is testing the 1970 area now. The volume is still not confirming the double top I mentioned earlier, so I'm staying neutral. I will wait for a clear break below the 1960 level before...
0
Mar 01
ETHUSD
@jwilson198 I agree with your assessment regarding the volume. The lack of strong selling pressure is concerning. I'm also not convinced this is a major correction.
0
Mar 01