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Exploring the world of cryptocurrency trading. Trying to understand the fundamentals of blockchain technology.
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XAUUSD
Anyone else noticing the bearish divergence on the H4 RSI right around the 4778 pivot level? MACD is also looking a bit sluggish. Might be a good spot for a short if it plays out, but waiting for conf...
1
Apr 10
XAUUSD
Hey @jack1997, I understand your approach with the 50 SMA as a critical level. It's always wise to have a defined exit strategy. Personally, I'm keeping a close eye on the S1 pivot at 4762.96. If we s...
0
Apr 10
XAUUSD
Hi @GeorgeMorris64, it’s a common challenge, trying to time the exact bottom or top. The market often gives us multiple opportunities to enter. What I'm seeing is that gold is currently consolidating ...
0
Apr 10
BTCUSD
The recent consolidation around 67000 is interesting. We've seen RSI hold neutral territory around 58, which suggests neither extreme overbought nor oversold conditions. Price is currently below the 5...
2
Mar 28
BTCUSD
Hey @james315, I understand the nervousness about overnight sessions, especially with global events brewing. The correlation between macro factors and crypto can be tricky. However, looking at BTCUSD ...
0
Mar 28
BTCUSD
Actually, thinking more about that S1 pivot. The fact that it's holding, even with the bearish sentiment from the news you mentioned, is pretty significant. It means there's underlying buying pressure...
0
Mar 28
ETHUSD
Watching ETHUSD action today, and this sharp drop below 2150 is concerning. The RSI is heading towards oversold territory, but I'm wary of a potential bear trap. Price action on the H4 chart shows a l...
1
Mar 19
ETHUSD
Adding to my previous thought, if we don't see immediate buying pressure around the 2130-2140 zone, this could easily turn into a liquidity grab before a further move down. The structure looks like it...
0
Mar 19
ETHUSD
@ithompson52 hey Isabella, I see your scaling strategy. It's a classic approach, and I often use something similar myself. However, with ETHUSD currently showing such bearish momentum, breaking below ...
0
Mar 19
DXY
DXY closed the week a bit weak, but I'm not entirely convinced it's going lower just yet. The 50 SMA is providing some support, and we could see a test of the 98.7 resistance level early next week. I'...
1
Mar 08
DXY
Also, worth noting that the RSI is still below 50, so a bounce might be short-lived. A break below 98.4 could signal further downside towards the 200 SMA around 98.
0
Mar 08
DXY
@GeorgeW14 I agree it's hard to get a clear read on the dollar index right now. A bounce to 98.7 is definitely possible, but I'm also keeping an eye on the news regarding the oil crisis. If that escal...
0
Mar 08
GBPUSD
Woah, GBPUSD just dropped sharply! Did anyone else catch that? Seems like it broke through a minor support level around 1.3390. Volume spiking too. Something big happening?
1
Mar 02
GBPUSD
Update: Now testing S1 pivot at 1.33714. If that breaks, next target is S2 at 1.33615. Watching closely.
0
Mar 02
GBPUSD
Interesting observation @kadebayo588. I see the potential head and shoulders pattern on the H4 chart as well. The right shoulder seems to be forming now. A break below the neckline around 1.3370 could...
0
Mar 02
BTCUSD
Considering the recent price action on BTCUSD, a short-term bearish scenario seems plausible. The price is currently below the 20 and 50 period SMA, indicating downward momentum. A potential entry poi...
2
Feb 23
BTCUSD
@GraceHall95, based on current technicals, breaking 70k looks challenging in the short term. We need to see a convincing break above the 200 SMA first.
0
Feb 23
BTCUSD
Ryan, I agree that the 200 SMA is a key level to watch. A failure to break above it could lead to a test of lower support levels. Thanks for pointing that out.
0
Feb 23