Prediction
EURNZD Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The price is coiling around a solid key level - 1.7840
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.7895
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDJPY: Bullish Continuation & Long Signal
USDJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USDJPY
Entry Point - 148.68
Stop Loss - 147.55
Take Profit - 150.87
Our Risk - 1%
Start protection of your profits from lower levels
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SILVER: Price Action & Swing Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the SILVER pair which is likely to be pushed down by the bears so we will sell!
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EURCAD: Weak Market & Bearish Forecast
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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The cryptocurrency market is a market of expectationsLots of good news, but that's just at first glance.
Expectations and reality
1. Last week we had good news about XRP victory, and this news was spread all over the internet and the market reacted with growth. XRP is not a security, but those contracts sold to early stage funds may still be considered securities.
So the case is not closed yet and it will continue as a subject of manipulation
The SEC can appeal this decision at any appropriate time.
2. FTX - there are a lot of rumors and different statements now about the reopening of this exchange, there are a lot of forms on the net ( fraudulent and not) about FTX account recovery and confirmation. Hope is given:) not the fact that the funds will be restored
3. I would not be surprised if they start to restore UST and LUNA case, if they do not start to restore at least give hope. ( reference - the cryptocurrency market is a market of expectations )
4. BTC ETF.
This is the same expectation that has been jutting for a long time and now strong funds such as BlackRock have joined, which have been buying physical bitcoin through other funds for a long time (e.g. at least 10% of Microstrategy belongs to BlackRock).
On the expectation of ETF approval the market is inspired ( I wrote a post about Blackrock ).
In any case after ETF approval we will see a drop here there is a logic:
- ETF contracts can be bought more than physical bitcoins.
- Need a good entry point into the market, 30k+ is not the best entry point
- A drop in price with physical bitcoins + media resources etc. seems to me as very logical and very likely.
All these points should happen at the peak of the hype, when many disillusioned in crypto after FTX and other shocks will start to re-enter the market, it all explains the Logistic Curve - the speed of information dissemination .
The Which curve explains that when FTX crashed in November 2022 was the beginning of a new cycle, which I talked about in previous posts, then everyone was afraid and thought it would go even lower.
And the end zone of the cycle is when the crowd comes into the market, a lot of noise shouting about a bright future, we are on the cusp of these events.
At that time of course we will see a lot of dumb money big green candles on small capitalization altcoins. And that's the time to get out.
Frankly I got out even earlier in stablecoins and now I only do swing trades ( positional orders positions with small stop loss )
If we talk about the time when all this can happen, it is a difficult question, because according to my previous calculations in September-October I was already waiting for the bottom, I am still waiting for it and my portfolio 100% In stablecoins is a proof of it.
Well after the fall we will have the most interesting negative news, here is the list:
- SEC appeal question on XRP
- SEC questions to all crypto companies that made public sale - fines, lawsuit.
- Questions to crypto exchanges ( bankruptcy of crypto exchanges)
- Regulation
- CBDC implementation and trading in some jurisdictions BTC/CBDC ( currency )
You definitely won't want to buy cryptocurrency on news like this, and this will be the moment when the new cycle begins.
So ladies and gentlemen we are here for a long time and welcome to our community. And remember, trading is not a sprint - trading is a marathon.
Best regard EXCAVO
GBPAUD: Short Trade with Entry/SL/TP
GBPAUD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPAUD
Entry - 1.9584
Stop - 1.9646
Take - 1.9436
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF: Bearish Continuation & Short Signal
GBPCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCHF
Entry Point - 1.1231
Stop Loss - 1.1261
Take Profit - 1.1178
Our Risk - 1%
Start protection of your profits from lower levels
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SPY: Will Start Falling! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPY pair price action which suggests a high likelihood of a coming move down.
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EURGBP: Bullish Continuation & Long Trade
EURGBP
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURGBP
Entry - 0.8298
Stop - 0.8277
Take - 0.8330
Our Risk - 1%
Start protection of your profits from lower levels
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