TheFxAce

Huge Potential On Pullbacks Towards 30K BTC is looking great for buying the pullback towards the 32k mark here's how I see it. We have broke out of a key resistance level around 32k with a weekly close above this level with price running into some resistance at 35k which is actually a Monthly swing low from last year hence the stall in price. The next likely path is a pullback towards the buy zone between 30 -32k this is the breakout area, 32k being old resistance now new support. When you look at the Daily charts (image below) you can see the huge surge up at 30k which will be a nice area for grabbing liquidity as a newly formed untested BUY/DEMAND area. Knowing how quickly BTC moves this pullback could happen very fast so it's best to have market orders in place maybe breaking the position up into several orders between 32k and 30k. As for next targets if we get the pullback and the market reacts at the above levels then there is nothing really stopping BTC moving all the way up to the Monthly SUPPLY/SELL zone created last Year.

Buy the Dip: XRP's Breakout Sets the Stage For Test of $1.12? The XRP chart is shaping up to be quite intriguing following the massive breakout from the weekly accumulation period. So, what's next on the horizon? The charts are indicating that now might be an excellent time to consider re-entering this pair. The colossal breakout not only breached the Monthly SUPPLY/SELL zone that was formed last year but also underwent its first successful test of that level, likely triggering stops at the spike high. Since the breakout, we've been witnessing a gradual retracement back towards the initial breakout level. However, taking a closer look at the momentum of the price on the Daily charts, it seems we could be gearing up for the next bullish leg up. Here's the XRP chart for you to check out: My expectation is that the price will dip into the BUY zone I've marked in the image above. This zone holds significant importance since it coincides with the location of the previous weekly high that lost its validity due to the breakout, now serving as a critical support level. Right at this level, we find the 78% Fibonacci retracement level of the weekly swing up from 0.45, adding further weight to its significance. With the price gradually slowing down towards this level, my confidence grows in accumulating more XRP. My approach involves patiently waiting for a dip into the buy zone, followed by a clear signal on my TRFX indicator on the 8-hour to daily charts before making any moves. In terms of targets for this trade, the first one would be the swing high of the breakout at 0.95. And beyond that, I'm eyeing the Monthly SUPPLY/SELL level marked on the chart as the next potential target. It's essential to approach this setup with caution and wait for the right entry signal, as that can make all the difference in a successful trade. I hope you enjoyed reading this analysis and find it helpful in your decision-making process. Happy trading!

Taking a quick look at the Monthly and Weekly charts looks like price is targeting this years low at $900 will be very interesting to see what happens at this level because if we get a clean break here then there is nothing really stopping it dropping down to $400 as this is where a nice Monthly DEMAND/BUY zone is located. This area is actually were the huge move up to the ATH's originated and will likely draw a lot of demand. For now will see what happens at the $900 level it's going to be interesting to watch. A big flash crash down to these levels cannot be ruled out, the calm before the storm?? lol

Looking at the Monthly and Weekly charts a clean drop down towards $12,000 is on the cards if we get a weekly close under the current down trends low at $18,000as I've drawn on the chart the $12,000 area is a nice Monthly DEMAND/BUY and is the area where the previous uptrend really took off from we do have a previous HIGH around the $14,000 mark this may offer a little bit of a short term bounce.If the $18,000 is broke and a close below it the there isn't much stopping BTC dropping to the $12,000 area its a nice DEMAND/BUY zone and is the area that price really took off from to go to the ATH's this area will have a lot of buying interest.

We have finally got a WEEKLY close on GOLD under the 1700 level which was a huge support level at the bottom on the sideways DISTRUBUTION range we have been in since 2020 so were to next ?As you can see the green levels I have marked on the charts we have a MONTHY DEMAND/BUY zone that starts at 1600 and a Weekly DEMAND/BUY zone starting at 1630 so I expect the market to drop pretty quickly down towards 1630 then get a reaction there for retest of 1700 then a sell of again down towards the Monthly DEMAND/BUY zone at 1600.How will I play this ?? Will look to BUY and SELL I will look for my indicator to give me a BUY siganl at the Weekly DEMAND/BUY zone at 1630 on the Daily charts and will target 1700.I will look to SELL the market on a Daily SELL signal at the 1700 area For my analysis to be invalidated then the we would need to see a weekly close back above 1700 pretty quickly .Hope you enjoying the idea