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Technical Confluence For Bitcoin Uptrend on Daily and 3-Month TimeframesDaily Timeframe The 200-day simple moving average (SMA) is an important longer-term trend indicator on this chart. In late 2018, the price fell below the 200-day SMA, indicating a change to a downtrend. It remained below this average until forming a bullish crossover in early 2019, signaling a resumption of the long-term uptrend.Since then, the price has continuously found support at the 200-day SMA during intermittent pullbacks. Holding above this average bodes well for the continuation of the long-term bull market in Bitcoin. Looking closer at recent price action, there is a bull flag formation visible from late June to early August 2021. This is a bullish continuation pattern where the price consolidates in a descending channel after an initial sharp rise. The break above the flag pole high around $33,000 confirmed the bull flag and suggested the uptrend would resume.Since then, BTC prices have surged to new all-time highs above $63,000. Momentum indicators like the Relative Strength Index are not yet in overbought territory, leaving room for further upside before short-term momentum becomes stretched.In summary, long-term trend indicators and recent price patterns point to an ongoing bull market for Bitcoin. As long as the 200-day SMA continues to provide support during pullbacks, further new highs are likely this cycle.3 Month TimeframeOn the 3-month chart, there was a significant bullish breakout above a downward sloping trendline that had been in place since April 2021. This breakout confirmed the transition from a downtrend to an uptrend on this time frame.The current bearish candlestick is retesting the area of the former resistance trendline, which will now look to act as support. This is a common occurrence after a major trendline breakout, as prices will often retest the breakout level for support before continuing the direction of the prevailing trend.Given that support holds at this level, which coincides with the previous downward trendline, it indicates buying interest remains strong. We will now enter a long position by buying at the current market price, expecting the uptrend to resume once support is established. Our initial target will be a retest of the all-time high prices above $63,000.By entering long now on the retest of the former resistance trendline turned support, we aim to capitalize on the continuation of the primary 3-month uptrend in Bitcoin. Our trade thesis is supported by the trendline breakout and expected retest/support hold on this timeframe.Please leave your feedback below.

Good day traders,XAUUSD / #Gold has been consolidating for the last 24 months, I don't expect this to change until the USA admits that they are under a recession and I beelive this will only happen in 2025 when they officially go to war with the world's new super power China. We've seen something similar play out in 2002 when America saw that they were going into recession, they went to war to steal from another country in the guise of "Peace". In my opinion the XAUUSD will short sharply before it reaches the $3000 mark per ounce.In my analysis, we have a simple support and resistance analysis that I believe it will respect. Please share your thoughts.DisclaimerNASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.We're holding..Time period: Daily chart from 2020 to presentTrend: XAUUSD has been rangebound between $1600-1800 for the past 2 years, with no clear short-term trend.Resistance: Key resistance at $1800, the top of the long-term trading range.Support: Strong support at $1600, the bottom of the 2-year range. Additional support at $1650.Moving Averages: Price consolidating in a sideways moving average sandwich, with the 100-day MA providing short-term support.Recent Action: XAUUSD bounced up from $1650 support in August but has seen selling pressure at $1800 resistance in September.Recommendation: With price currently near the middle of the wide trading range, I am neutral on direction. However, I would look to enter a short position on a daily close below $1650 support.Entry: Short on close below $1650Stop Loss: Place above the 20-day MA at $1710 to limit riskTake Profit 1: $1600 major supportTake Profit 2: Extended move towards $1550 if $1600 breaksThe technical factors support a potential resumption of the short-term downtrend if $1650 support is lost. Shorting thereafter allows risk-managed exposure to downside without bias if the range is maintained.Take the profit. If the opportunity presents itself again, we will commit to the swing.

Good day traders,There are several reasons why Bitcoin is expected to reach $80,000 in the next 6 to 9 months. Firstly, Bitcoin has been experiencing a surge in demand from institutional investors, who are increasingly recognizing the potential of Bitcoin as a store of value and a hedge against inflation. This has led to a significant increase in Bitcoin purchases from institutional investors, which is expected to drive up the price of Bitcoin in the coming months.Secondly, the recent halving of Bitcoin has reduced the supply of new Bitcoins that are being added to the market. This means that there is less Bitcoin available to be purchased, which is expected to drive up the price of Bitcoin as demand for the cryptocurrency continues to increase.Finally, the ongoing economic uncertainty caused by the the silicon valley bank crash's has led to increased interest in Bitcoin as a safe-haven asset. As governments around the world continue to fight this falling economy, investors are increasingly turning to Bitcoin as a way to protect their wealth and hedge against inflation. This increased demand for Bitcoin is expected to drive up the price of the cryptocurrency in the coming months, potentially pushing it to $80,000 or higher.Lets have a look at the analysis:What we see from the technical analysis is that we've spotted an ABCD harmonic trendhike forming, we recently beat our local resistance (marked R1) and we anticipate BTCUSD to meet our R2 sooner than later. This is a great time to buy BTCUSD seeing that the pprice is still fairly low and promises to meet figures above $100K by the end of this year.Please share your thoughts.DisclaimerNASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

Good day traders,We have seen the markets turn bearish in the last month, this change prompted me revisiting my Gold/ XAUUSD swing trade analysis. Let's dive in and see what I've found, please share your thoughts in the comments section.1. I noticed a harmonic bullish ABCD pattern that is forming with point D near our bearish chanel. On all higher timeframes we see a clear confirmation of a bearish pullback to 1478.2. Our TP1 is set on the Daily timeframe TP which is on the blacksheep at 1774. TP2 is set at 1645 and TP3 at 1498.3. We are currently approaching our local support, we will have a confirmation to continue shorting #Gold /#XAUUSD there. For now, we are selling to our local support.DisclaimerNASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

Hi everyone,The Gold/ XAUUSD pracious metal has rejected on a local trendline and created a complete Bearish ABCD. When you look at that region on the daily time frame, it apears we have a bearish flag forming because we have multile confirmations for this shorting movement, we will now enter a short/ sell trade to take profit at our support cluster at 1820.Please share your thoughts.DisclaimerNASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.TP1TP2

Hi everyone,I noticed an Head & Shoulders pattern ( H&S ) that is being formed following the rejection from the bearish candle that closed after the previous week's Doji. We have multiple bearish confirmations to take this trade and long the reversal by next years first NFP.Please share your thoughts. Discalimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

Hi traders,We had an awesome week with the volatily FOMC created on the markets, #XAUUSD/#Gold Closed below our daily trendline on thursday and failed to beat it on the retest on Friday. We now anticipate gold to plummet for the next few weeks to retest the neckline of the tripple bottom that was created a few months ago. We will wait for a confirmation then before we go long.For now we're selling.DiscalimerNASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

Good day traders,Last week we experienced #XAUUSD / #Gold break out of our trendline which has been respected since March this year following our XAUUSD bullish retracement analysis. We now see a clear bullish signal back to our resistance and possibly beyond. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.Almost there. We keep holding our swing positionStill holdingTaking Profit here. Thanks for trading with me.

Hi traders,Although we are holding XAUUSD/ Gold short positions from our previous analysis, we see an opportunity to long the pullback formed by a completed ABCD bullish trend hike considering that we are currently oversold on the lower timeframes. We have been selling to 1628 on the lower timeframes and see an opportunity to take advantage of this pullback. Please share your thoughts. Discalimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

Good day traders,We see the XAUUSD/ #Gold respect our previous analysis, we now have a clear undrstanding of where the Gold commodity is headed. We believe that our next target is 1567 from which the price will begin to grow again. We are currently slightly oversold on the lower timeframes thus we anticipate a minor retracement. We can not confirm this retracement but can confirm that XAUUSD will remain bearish on the daily timeframe below 1600.What are your thought on this? Please share your thoughts below. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.