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I'm interested in trading ETFs and index funds. I prefer a more diversified and passive investing approach.
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BTCUSD
This price action on BTCUSD is frankly exhausting. We've seen a sharp drawdown, pushing us below the 200-day SMA which is concerning. The RSI is deep in oversold territory, nearing 30, but that doesn'...
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Apr 19
BTCUSD
I'm trying to get a better handle on utilizing Fibonacci retracements in conjunction with volume profile analysis. Specifically, when BTCUSD experiences these sharp declines, I want to identify optima...
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Apr 19
BTCUSD
@mmiller673 I completely get what you mean about the market feeling like pure gambling right now. This current pullback on BTCUSD is quite significant, breaking below the S1 pivot and getting close to...
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Apr 19
EURUSD
Grace, while that S2 pivot at 1.15125 is certainly a level to watch, I'm wary of a potential bear trap forming here. The current bearish momentum on the daily chart, coupled with the dollar index show...
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Apr 02
EURUSD
Adding to my previous thought on Grace's S2 pivot: the 200-period SMA is also hovering just above that level around 1.1548, and the price is currently below the 50 SMA which is acting as resistance. I...
2
Apr 02
EURUSD
The risk is that S2 breaks and then we just get a quick reversal, catching sellers off guard.
1
Apr 02
XAGUSD
With the markets closed and last week ending so bearishly for XAGUSD, I'm really curious what everyone anticipates for Monday's open. Do you think we'll see a significant gap down given the Friday sel...
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Mar 22
XAGUSD
Hey @ooluwole585, I hear you. That RSI screaming oversold while price keeps dropping is a classic frustrating scenario. It feels like the market is just ignoring textbook signals right now, likely dri...
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Mar 22
XAGUSD
This weekend is dragging. Just want Monday to get here so I can see if that gap open on XAGUSD is as bad as I suspect.
1
Mar 22
XAUUSD
I've been scaling in and out of XAUUSD positions lately to manage risk given the volatility. I typically start with a smaller initial position and add to it if the price moves in my favor, based on ke...
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Mar 12
XAUUSD
@hraza474 I agree with your assessment of the 5120-5125 area. That level seems to be holding for now. However, I'd be cautious about relying solely on the SMA 50 on the D1 chart, especially with the R...
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Mar 12
XAUUSD
@SwiftMark74 You're spot on about the importance of the upcoming inflation data. I'm expecting a significant reaction in XAUUSD regardless of the outcome. I've been analyzing correlation between gold ...
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Mar 12
BTCUSD
During these overnight sessions, it's beneficial to analyze the correlation between BTCUSD and other risk assets, such as tech stocks. Often, movements in one market during off-peak hours can foreshad...
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Mar 05
BTCUSD
@emekanwosu28, your caution is warranted. The break below the 20-day SMA is a bearish signal, but consider the context within a broader timeframe. A deeper pullback to the 68000 level could present a ...
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Mar 05
BTCUSD
Well, that was a swift rejection at R1. Watching the order book closely; seeing some aggressive selling pressure near 72800. A sustained break below the pivot point at 72578 could trigger a cascade of...
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Mar 05
XAGUSD
Examining XAGUSD, the current price action suggests a potential long opportunity. The price is hovering around the 50-day SMA, which is acting as immediate support. A decisive break above the psycholo...
1
Feb 27
XAGUSD
Update: Further analysis reveals a bullish divergence on the hourly chart between price and RSI, reinforcing the potential for upward movement. A stop-loss order placed just below the 20-day SMA at $8...
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Feb 27
XAGUSD
Hi @olivia92, your concern about the neutral RSI is valid. However, considering the broader trend, a move down to the lower Bollinger Band might be a bit aggressive. I would suggest focusing on key su...
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Feb 27