one. Review final week’s trading program
Last week, BTC continued to rise as we anticipated. The BTC scalping program also worked somewhat effectively as the selling price elevated to USD 35,900 from when the entry was USD 34,000.
Furthermore, some spot trading signals have also yielded great revenue.
two. Analysis and commentary on Bitcoin (BTC) subsequent week
Last week’s W chart showed that the upward momentum is slowing down a bit. Although the weekly candle is even now a bullish candle, its length gets substantially smaller sized than the former two weekly candles. This is also understandable thinking about BTC’s current robust rise and the marketplace has not undergone any sizeable correction. Therefore, at this time, the selling price desires some time to alter or accumulate somewhat in advance of continuing to trend.
Frame D demonstrates us a reasonably normal accumulation pattern in the trend: ascending triangle pattern. We see the upside most obviously when, regardless of accumulation, the selling price even now generates subsequent lows that are increased than the former lows (the bottom edge of the pattern is the ascending trend line). However, we even now have to wait for confirmation. There will nevertheless be two probable strategies as follows:
Plan one: The selling price continued to alter to the reduced trend line, and then rebounded until eventually breaking the resistance, Rechecked effectively and then back up once again.
Plan two: The sideways selling price then breaks out of the array and generates a correction (downward correction, guys).
Personally, I will lean far more in the direction of the 2nd floor, simply because I feel that BTC desires a great adjustment someplace so that the bullish momentum can be far more secure.
Based on the former two strategies, you can want BTC once again when the selling price retries the reduced trend line in the USD 34,500 region and at the similar time converges with the two EMA lines.
BTC.D
BTC.D went nearly precisely in accordance to program final week (up 53%). In this region, BTC.D can move sideways and then rebound if BTC continues to increase, this will be the time you need to be mindful with altcoins
three. Some strategies for Altcoins
ICP
The 4H ICP frame is very bullish. My program is to allow the selling price carry on to rise, then retest the help and trend line in the USD four region and then get. If you want you can get it right away at this selling price, which is even now fine. The stoploss is at USD three.92.
SUI
SUI is also a token with very great obtaining electrical power. However, in advance of shopping for, you need to wait for the sideways selling price to continue to be over USD .493.
The Sui Network ecosystem has also viewed quite a few indicators of improvement in current instances, you can see far more specifics in the report under.
four. Analyze gold and some Forex currency pairs
Currently, as some men and women have requested far more feedback on the foreign exchange marketplace, I will include feedback on gold and some currency pairs.
Note: If you are finding out about Forex and want to discover a great and reputable trading floor, you can refer to it Exness (You can use the 68 Trading website link to register, then the pm admin will be extra to the personal group).
Yellow
The 4H golden frame is caught in a sideways zone from 1964.eight to 1998. It need to be mentioned that in advance of that the trend was even now bullish, so we will primarily align to stick to the trend. Therefore, you can wait for the selling price to return to the reduced help region, wait for a great condition all-around 1958-1964 to rise.
If the selling price falls totally under 1964, you need to have to transform the program (wait to retest the breakout, if the breakout is false then go lengthy, if the breakout is confirmed then quick down).
GBPJPY
GBPJPY has proven a reasonably clear uptrend. You can wait for the selling price to settle all-around the black line (184.three) to carry on following the trend.
five. Macroeconomic information
This week there will be some notable information:
In the day November eight, 2023, at 9:15 p.m., Fed Chair Jerome Powell will supply a speech, which may well contain facts connected to financial policy in the close to potential. At its most up-to-date meeting, the Fed made a decision to suspend the maximize in curiosity prices for the 2nd time in a row.
Day November 9, 2023at eight:thirty pm there will be information on unemployment claims information in the United States.
Day November ten, 2023to two a.m., Fed Chair Powell continued to give a speech.
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