Cip-Quant

https://www.tradingview.com/x/jsGTX8q1/Bitcoin is still in a downtrend channel, do not break out. According to BOLL and RSI, There is still a lot of space that can make BTC's price drop.Around $22000 is the previous resistance level and can be transferred as a support level at this time. I think $22000 would be strong because its also in the lower bond of the channel.How long can we reach that level? I'm not so sure as well, the only thing you need to do in bear market is just for DCA, this is the best.

Daily Economic Observation, September 4th, 2023:Trading Ideas for Gold This Week:Last Friday, despite the non-farm payroll report matching a "soft landing" trajectory, the USD Index rebounded quickly from its intraday low due to the hawkish stance hinted by Cleveland Fed President Mester, suggesting further tightening. US bond yields, after the non-farm report, touched a three-week low, but also subsequently rallied.The most noteworthy aspect of the non-farm data was the significant rise in the unemployment rate to 3.8%. This surge is partly due to an increase in the labor participation rate, meaning more people are actively seeking employment but not finding it, leading to an abnormal rise in unemployment. Even excluding the impact of the increased labor participation rate, the rise in the unemployment rate is significant. Considering several recent US employment data, the US labor market is weakening, but it hasn't reached levels that cause recession concerns.Gold:Economic data that might drive the direction of spot gold prices this week:This Thursday: Initial jobless claims for the week ending September 2nd in the US (previous value 228,000). If the number of initial jobless claims is higher than the previous value, it indicates that the US labor market is continuing to slow down. The expectation for a rate hike in September might be adjusted downwards again, which in the short term is bullish for gold prices.Technical Resistance and Support Levels:Gold prices are likely bullish if they stabilize above $1946. Should they drop below $1946, the outlook remains bearish. Resistance levels to consider: $1946, $1953, $1960. Support levels to consider: $1934, $1927, $1918.

This Thursday, we received July's US core PCE price index annual rate data (announced 4.2%, expected 4.2%, previous 4.2%), matching expectations.Additionally, US personal spending for the month exceeded predictions (announced 0.8%, expected 0.7%, previous 0.6%). This represents the most significant increase since January 2023.Furthermore, the number of initial jobless claims in the US for the week ending August 26th (announced 228,000, expected 235,000, previous 232,000) reached a new low since the week of July 29th.Moreover, US layoffs in August, as reported by the Challenger company, stood at 75,151, which is higher than the previous figure of 23,697. Lastly, the Atlanta Fed's GDPNOW model revised its Q3 GDP growth forecast for the US downward to 5.6%. Later today at UTC+8 20:30, the US non-farm payroll figures for August (previous 187,000, forecast 170,000) and US unemployment rate data (previous 3.5%, forecast 3.5%) could potentially sway the market.My interpretation of the data: Post the PCE data release (one of the Fed's favorite inflation indicators), the overall market reaction wasn't significant. The PCE precisely matches predictions and the CPI data for the month falling below expectations are slightly incongruent. However, with the CPI data trending downward and the PCE data release coming later than the CPI, the market had adjusted mainly its expectations, leading to a muted reaction.In comparison to the PCE, the US personal spending rate for July might be more telling. The July spending rate recorded an increase of 0.8%, surpassing the 0.7% expectation and marking the most significant rise since January 2023. Many analysts believe this spending growth could be linked to the recent overheated state of the US stock market. The wealth effect on investors could have boosted consumer sentiment. This could potentially have a positive impact on forthcoming inflation figures and might intensify expectations of the Fed raising interest rates.The current initial jobless claims number at 228,000, which is the lowest since the week of July 29th, indicates that the labor market remains tight. This bolsters expectations of the Fed raising rates, which is positive for the US dollar and negative for gold. With three labor market data points released this week, tonight's non-farm payroll figures are worth watching.Following the data release, the US dollar strengthened, but gold experienced a slight dip. Currently, gold is hovering around the upper boundary of its daily downward channel. The daily and four-hour RSI stand at 57.8 and 57.92, respectively, which are relatively high. Gold is also nearing the upper band of the Bollinger Bands. Multiple indicators suggest a potential downward reversal trend for gold.https://www.tradingview.com/x/9xXDKDtN/

https://www.tradingview.com/x/6QYZT5re/Gold is hold well on an uptrend, do you think it can reach to $1930

Gold's Buyers are really strong RIGHT NOWAs Gold's 4h and 1day RSI hit its lowest level for a while it starts its Uptrend surge strongly!The resistance above the current price of gold focuses on $1910, $1922 and $1925, and lONG order in $1908 has an advantage. Pay attention to the support below $1898.5, $1895 and $1890, $1897 with SHORT orders ambush

ETH has not broken the downward trend so farand in 4hours trend, it formed double bottom, which may indicate some trend reversal

Ethereum is Breaking Through the Down Trend Line Based on Ethereum's 4h chart, the downtrend line is broken and let's see if this breakthrough can be held steadily. Moreover, for the 1-day chart, let's see if MACD can form a golden cross in later days. Furthermore, Based on Fib Retracement, ETH is now steadily held around the 0.236 range, let's see if it can be successfully held.

$31850, $32851 and $35000 are really important resistance level Below is just all of my dubious speculation😄 From the chart, firstly, we can see that $31850 for BTC is a huge resistance level because that is the previous high. And now we're fighting for a breakout at this level if we break out, and I think $32851 is another important level because that is the previous wick low. What if we break out both of these obstacles I think we're good to reach around $35000 all analysis above is my own dubious speculation, the market will be influenced by many factors and there are always some black-sawn incidents in the market, so just control your risk well and hopefully, anyone can enjoy your trade and make a fortune

Anyone Has The Same Trading Ideas With Me For ETH/USDT Personally, according to Channel Analysis and Trend Line Analysis, on the 1h and 4h Chart (ETH/USDT), I Do Think Ether's Up Trend is Not Over. Currently, Ether's price is touched the lower Channel, and Looks like it is Rising. Moreover, 1h RSI is 45.84 and 1h MACD is about to form a golden cross, for me its bullish in the short-term at least.

BTC's Price ShortTerm Trend Analysis From My Dubious Speculation This is just my dubious speculation We all Betting by using our own money Take responsibility for your money According to Elliott Wave Patterns BTC's price probably is in the downtrend of Phase v Therefore I argue that there should be a short-term bounce of #Bitcoin price, and then continue this pattern. So control your position and risk $BINANCE: BTCUSD https://www.tradingview.com/chart/of2qsHPL/?symbol=BINANCE%3ABTCUSD