As you can see right now $XAU is retesting massive supply zone or resistance zone at 4220 if gold breaks that zone then it can touch upper resistance line which is at 4280 if buyers push more than easily GOLD can hit 4360 level but that's a really high target because XAU created massive red candle in weekly timeframe so that we can say in longer timeframe still seller is in control....
Now hope you can see $XAU bounced back with massive buying pressure... but that's not a best zone for long position... I will wait for a correction then I will enter again for long position at 4120$ level....
Now I am expecting a correction from current market price when market will open again...
$BTC created lower high so if you are shorting must use SL. ( Real analysis)
If any asset created a lower high, that means buyers want to push that asset to the moon... Now my analysis says BTC will follow a consolidation market, so I am expecting a short-term dump from 63300-63800 level to 61600 level... But there is a risk part BTC created lower high so that it can break previous swing high so that must USE SL... IF btc going to break previous swing high, that will be a technically bullish sign... so that use tight SL... always try to catch high ratio trade if you want to survive in this market....
That's an analysis post so that you can understand $BTC next move.... Now I am expecting a dump, but I have mentioned the risk part so that you can manage your risk
as you can see in my added photo right now $BTC is testing trendline resistance line and I can't see enough strength so that I am expecting another short term dump from 63300$ level if you are in a short position you can hold your position but must use SL at 64400 level.... and now real question is when to close btc short trade ? I can see a support at 61600 level if you want you can close your short trade there because there is a high chance bitcoin can bounce back from that zone... If $BTC breaks that 61600 level support then technically massive dump signal... But I am not expecting any breakout or break down now.... Now market will consolidate in a range... hope you can see in my added photo I already marked consolidation zone...
Entry price- 63300-63800
tp- 62000-61600
SL- 64400
I have explained all probable scenario so that you can understand bitcoin next move
$XRP will pump hard from 1$ level otherwise massive buying opportunity…
If $XRP failed to hold 1$ support then it can touch .6 level very fast… if you are a spot trader don’t panic… .6 will another buying opportunity… do not invest your full fund in one range…
~ always buy from good multiple range example- if 1$ is a good range if you have 100$ invest 20$ here if it touch another good range example- .6 range invest 20$ again…. If it pumps from that range close close 50% of your total position that’s how you can decrease your average buying price.
When you will know what is good range to buy then no one can stop you become a successful spot trader…