Market Reports

BTCUSDT

1D analysis

As of now, daily BTC analysis remains successful. The red price path was depicted last week and is still valid. The price was close to range low level and entered the range again. After some increase, it formed a decreasing channel. As of end of the last week, it was broken on bullish side. Equilibrium of the range held the price. There are three wicks but candles were unable to close above the Eq. also considering the current state of overbought RSI, we can experience a price loss to fill some of FVG during the impulsive move. $64k is an important area, where BTC can gain performance to start a movement to test $74k.

1H analysis

There is a significant bearish RSI divergence on 1H chart. It was artificially being pushed up. Low trade volumes also confirms this during the weekend. Recently, there was a sell off and BTC dropped $1000 in a short time. But buyers was strong and they bought the sold BTC. According to bearish signs, $64-65k can be a fuel to push BTC higher price levels.

XAUUSD

4H analysis

According to the analysis of last week, the expectation was a bearish bat formation. Price continued to its upward movement and formed an alternate bat formation. X-D was reversed from 1.2, which ideally had to be 1.13. On the other hand, the dashed red line represents the target for AB=CD on weekly chart. All high time frame targets seem to be fulfilled. The correction has started. The price is close to a 4H FVG. Previously mentioned below liquidities are also remains as a target zone.

There is a steady decrease in the price. 15 min RSI is gaining some strength and Bollinger bands tighten. First the median value inside the bands should be exceeded. After that we may expect a sharp movement from the narrow channel. The most likely will be the interest zone below.

EURUSD

4H analysis

Pair price of EURUSD did exactly the same movement that we drew last week. The price was increasing through a channel and it was reversed from the daily resistance zone. Now, there are significant zones that can attract the pair price. Around 1.085 a FVG is available. As this is a 4H chart, this point of interest will be the closest target.

15 min analysis

There is an increasing signal on the 15-minute chart. A bullish RSI divergence is present. Price will probably increase to the black dashed line close to 1.09. after that downward price movement continuation can occur, which is available on the HTF chart.

** Important Note: Above ideas are not investment advice!**

 

BTCUSDT

1D analysis

On the daily chart, the range was deviated recently on the bearish side. Actually, the price is at a decision point. Price of BTC increased to nearly test range low. If the price enter within the range, the initial target will be equilibrium of the range. Due to bullish RSI divergence, we can expect an increase on the price of BTC.

4H analysis

The valid formation on 4H chart is ascending triangle. The top of the triangle was tried twice to break the resistance. However, the price was successful at the third time. This resistance was also a FVG but was filled in the first try. A retest has just occurred. The target of the formation will be $62,000.

XAUUSD

4H analysis

From a larger time frame look, gold was within a range and did some deviations from range low and range high. Nearly two months have passed over the formation of the fair value gap, shown by the yellow colour. At the first touch to the area, reaction was strong and price reversed. On the second touch, price filled the gap. A bearish bat formation is close to occur. A confirmation is the bearish RSI divergence, shown by red lines. The initial target will be the liquidities, shown by red circle.

15 min analysis

Bullish structure has not changed for the current time frame. The significant 15-minute candle filled the 4H FVG. During this price increase, a new FVG was formed. Price made a retracement but all FVG was not filled. On the other hand, upward movement could not make a new higher high. Price can decrease to bullish order block under FVG.

EURUSD

4H analysis

A resistance was identified on the daily chart. It is around 1.095 pair price. The overbought situation of gold makes us suspicious on the penetration of the price through the resistance. The current time frame candles exhibit an increasing channel movement. We are at the end of the increasing trend.

15 min analysis

Open fair value gap is not available on the chart. Price could not make a new high on the current time frame. RSI is losing its momentum. The pair price is close to decrease towards lower values within the channel.

** Important Note: Above ideas are not investment advice!**

 

BTCUSDT

1D analysis

On the daily outlook, the long waited range is now broken to the below. It swept one previous liquidity and removed some fair value gap. Fortunately, there is bullish RSI divergence. This is a sign for reversal. Its target will depend on the lower time frame chart. The probable price path is shown by the red line.

1 H analysis

After the price fall, several fair value gaps were formed. But before that we can see the liquidity was swept above $63ks.Price increaed from $53.5k to 58k. There can be a little correction from the current price and then the targets will be the FVGs.

XAUUSD

4H analysis

Gold price is still compatible to the expectations. The price entered the fair value gap zone. Now, close liquidities were swept. Price can somehow rest within the fair value gap. After that, we may expect some reversal. Because other FVGs were formed during the upward price movement.

15 min analysis

The market structure is bullish. But according to recent prices, we can see that it is hard for the price to be pushed upward. RSI is declining although price is increasing. This is a weakness for gold. We may expect reversal within the FVG zone.

EURUSD

4H analysis

Previous expectation was for the price to fill the fair value gap and then continue to downwards. But Price did not reverse from FVG. Instead, it retested and kept the upward movement. The price will probably fill the above imbalance and then start declining.

15 min analysis

There is not a clear sign of reversal on the lower time frame chart. The pair price is keeping its upward move. If we consider the last up leg as an impulsive wave, we can see the critical price values on the chart to be broken. 1.078 is critical in terms of the market structure. Unless these is a candle close under that value, the price will reach above fair value gap.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

The long-term range since the mid-March is still in play. In the current chart, we observe a descending narrowing wedge. This is a bullish pattern after the break of the upward trend line. However, a fake break of the lower trend line is possible. In this case, we can expect the red path line for the price movement. The expected target will be the equilibrium of the range. The price will change between 63k and 67k$.

15 min analysis

The price of BTC is on the dip of the 4H lower trend line. Here, I would like to draw attention by a range. As we are on a weekend, a shallow price change was observed. But recently, we got reacted from the equilibrium of the range. The target on 15-min chart will possibly be the lower boundary of the range.

XAUUSD

4H analysis

We draw the price expectation by a harmonic pattern last week. The price path quite well obeyed. I just moved the red path horizontally. You will realize that the expectations were well met. The FVG during the last price fall was filled and fib 0.786 of the price fall was reached. Then, we saw a correction, which was until fib 0.786 again. Now, there is enough room for the price to reach above FVG.

15 min analysis

Above price levels are layered by several FVGs. Current state of RSI and MACD supports an increase of the price. The initial target is between $2,360 and $2,340.

EURUSD

4H analysis

This week, I continue again from the previous week’s chart. This chart was enough to explain the price movements over a three-week period. But I think it will be over this week by reaching the FVG below. The half of FVG between 1.075-1.08 was swept. After this movement, price had support from the current price level. If you observe 1.069 pair price, you will see that candle bodies remain over this dashed line. Previously, same line acted as S/R zone several times. The price can again target the above FVG and then move downwards to lower HTF FVG zone.

15 min analysis

The above FVG was tried to be reached by the price. But it was unsuccessful. Price continued its drop and stopped somewhere above 1.067. The price can reach the above FVG around 1.072 after some pullback.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

The long-term range since the mid-March is still in play. In the current chart, we observe a descending narrowing wedge. This is a bullish pattern after the break of the upward trend line. However, a fake break of the lower trend line is possible. In this case, we can expect the red path line for the price movement. The expected target will be the equilibrium of the range. The price will change between 61k and 67k$.15 min analysis

The price of BTC is on the dip of the 4H lower trend line. Here, I would like to draw attention by a range. As we are on a weekend, a shallow price change was observed. But recently, we got reacted from the equilibrium of the range. The target on 15-min chart will possibly be the lower boundary of the range.

XAUUSD

4H analysis

We draw the price expectation by a harmonic pattern last week. The price path quite well obeyed. I just moved the red path horizontally. You will realize that the expectations were well met. The FVG during the last price fall was filled and fib 0.786 of the price fall was reached. Then, we saw a correction, which was until fib 0.786 again. Now, there is enough room for the price to reach above FVG.

15 min analysis

Above price levels are layered by several FVGs. Current state of RSI and MACD supports an increase of the price. The initial target is between $2,360 and $2,340.

EURUSD

4H analysis

This week, I continue again from the previous week’s chart. This chart was enough to explain the price movements over a three-week period. But I think it will be over this week by reaching the FVG below. The half of FVG between 1.075-1.08 was swept. After this movement, price had support from the current price level. If you observe 1.069 pair price, you will see that candle bodies remain over this dashed line. Previously, same line acted as S/R zone several times. The price can again target the above FVG and then move downwards to lower HTF FVG zone.

15 min analysis

The above FVG was tried to be reached by the price. But it was unsuccessful. Price continued its drop and stopped somewhere above 1.067. The price can reach the above FVG around 1.072 after some pullback.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

The price moved according to our expectation and moved close to the fair value gap. Currently, price didn’t tap the imbalance. Usually, 4H RSI divergences are strong and there is a bullish RSI divergence on the current chart. Price will move somewhat high, after that, I expect it to reach FVG. This zone is a good place to build long positions. After that, price will target ATH level.

15 min analysis

There are two liquidities on the chart, one on the sell-side, one on the buy-side. The closest liquidity is the most probable location for the price to be reached. After sweeping the liquidity, the lowest liquidity is the likely target.

XAUUSD

4H analysis

Price of gold manipulated the range low and now again within the range. Current state indicates that a bearish harmonic pattern can form. Its target is the equilibrium of the range. That’s why I find a high probability of the formation. Then, price will make a correction. After that, the fair value gap shown with yellow box will be the target.

15 min analysis

In the lower time frame, the price is fluctuating within a narrow price span. The momentum drop is obvious through RSI. Below liquidity points will be target. I think, the most extreme target will be $2,315. After sweeping the liquidity, the price will move higher to the 4H target.

EURUSD

4H analysis

Finally, long waited targets were reached. TP2 of the harmonic pattern was reached and below liquidities were swept. While reaching these levels, many more fair value gaps were generated. Price has the possibility to rise between 1.08 and 1.075. After reaching there, the probable target will be the FVG below 1.06.

15 min analysis

Target of the last week was reached and moved some more below. As going below the expected price, a bullish divergence was formed. The probable target is the fair value gap above. After reaching there, lower targets according to HTF chart will be activated.

** Important Note: Above ideas are not investment advice!**

 

BTCUSDT

4H analysis

We caught the bearish movement. It was not effective at all, until the FVG around $63-64k. Now the first point of interest is the fair value gap above the price, which lasts at the horizontal red line. The price can increase up to $70.6k. Then, one more reversal is probable. The drawn FVG will be important in this case. Because it is also the target for the bearish shark pattern. Even if the price reaches there or not, the mid-term target will be the liquidity at ATH, which is shown by the dashed line. 

15 min analysis

On 4H chart, the top of FVG was the red horizontal line. But the refined FVG for 15 min chart is shown by the yellow box. The increase in the volume is promissing but bearish RSI divergence is not the thing we would like to see in an incresing price. After the price reaches the FVG, it will possible reverse to downside. The liquidity below will be the first target. We will decide for further price movements according to the reaction from the red line below.

XAUUSD

4H analysis

4 H analysis of the last week was rather successful. The only issue was that the price could not reach the fair value gap zone. Instead of it equilibrium line of the range acted as a resistance. The price movement was quite satisfied. Now the price broke down to range low level. The probable reversal zone will be $2,280, where is a liquidity price. After removing this liquidity price can make a pull back to the recent fair value gap zones between $2,330 and $2,370.

15 min analysis

In the current time frame, the refined fair value gap is between $2,360 and $2,370. The price and RSI started to generate bullish divergence. There is some evidence on a bullish movement. Price can move to the imbalance area after reaching the liquidity that was shown on 4H chart and also available in the chart of current time frame.

EURUSD

4H analysis

This is the third week that I am keeping the same analysis on 4H chart. The reason is that price was in a range. There was only some small deviations. This week the deviation was on the bullish side. After that, the price broke down to the sell side of the range. The first target of the harmonic pattern was achieved. The second TP is 1.073, which also coincides with the liquidity zone. The price will probably reach to that zone and it will help remove some of the group of liquidities, which is shown by a curve.

15 min analysis

The price of the pair dropped sharply, which generated a fair value gap zone. Although price is decreasing, the RSI is increasing. This shows a possible reversal into the FVG. After possibly reaching to EMA200, the price will continue its bearish movement until below liquidity zone, shown by the red line.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

On a lower time frame chart, the first FVG at top had some potential to carry the price a bit higher until $69.5k. However, it was not strong and there is still no strength indicator. Blue curve of stoch RSI is about to cross orange one. This can cause a price drop until $63-65k range. This will sweep the fair value gap and reach the target of previously drawn bearish shark pattern.

15 min analysis

Although there is a recent fluctuation in the price, the price is around $67,7k. There is not a clear trend in the current time frame. It is possible that a side way movement is possible on BTC price. The price then can want to fill the FVG below on the HTF chart. At the end, ATH will be the target.

XAUUSD

4H analysis

The price of gold still remains within the drawn range. Last week’s 15 min harmonic pattern worked well and the little yellow box did not permit the price to move upper levels. The actual target was the fair value gap above the equilibrium of the range. However, it reached the range low again. Now the price can try the FVG once more and can go down of the range low line.

15 min analysis

According to lower time frame chart, the price swept liquidity. There is a minor break of structure, which is, for me, not quite reliable. Vast majority of the FVGs were removed during the down trend. Only a small gap is available around $2,350. The drawn point of interest will be the target after a probable pull back to range low line.

EURUSD

4H analysis

After the formation of bearish harmonic pattern, price of EURUSD has an extended range.  Previously, EMA200 held the price but stochastic RSI was at a low point. Now that indicator is around 70 and short term signal crossed long term signal to lower. This exhibits a potential for a lower price movement. Upon the break of EMA200, the price will sweep the liquidities.

15 min analysis

Considering the indicators, the possible price path is shown as the red line. The opposite FVGs created a point of interest for the price. But according to stochastic RSI, price can go down to EMA200 level. After that, POI can be tested. Then the ultimate target for 15 minute chart will be 1.081 level.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

The price of BTC formed a bearish shark pattern. During the movement of the last leg, several imbalances were formed. The possible initial target is the fair value gap located below. It is between fib 0.5 and fib 0.618 of the harmonic pattern. After  filling this gap, price will want to move towards ATH level.

15 min analysis

The price of BTC formed a range during the weekend. Again, I would like to say that we look for good reactions from critical points of a range zone. The reactions are well and price tried to deviate range high several times. Now, the target is the minor FVG zone, formed by a 15 minute candle. The probable path will be as shown by the red colour.

XAUUSD

4H analysis

After sweeping the swing high around $2,430, the price started its correction move. The price is behaving like it is in a range over a month. Range low, range high, and the equilibrium of the range worked well, which shows a confirmation of the validity of the zone. Now, the price target will be the fair value gap zone around $2,400. Then, price will have a potential to break range low. Current state of RSI shows that the price is in the over-sold region. The price has the potential to go a bit higher.

15 min analysis

15 minute chart comment was prepared to support the price movement of gold on higher time frame target. There is now a bearish bat pattern. The D point of the last leg corresponds to bearish order block of the X point of this pattern. After that, a reversal will probably take place until fib 0.382 or fib 0.618 of the formation. Then, a continuation of the upward movement will probably happen.

EURUSD

4H analysis

I am keeping the 4H analysis of EURUSD chart since the formation is still valid and keep following the track. The open liquidities shown by red arc is the target for this formation. The middle of the arc is corresponding to fib 0.618 of the bearish harmonic pattern. This target will possibly be reached this week. After reaching the targets, we will update the comments.

15 min analysis

Pre-drawn range is working quite well. Critical points reacted quite well from the potential reversal zones. At the last move of the price, price reversed from fib 0.5 of the range. The most likely target is depicted by the red path. First, we expect a break of range low (but not a deviation). Then, a retest to range low. After that, price will follow LTF target.

** Important Note: Above ideas are not investment advice!**

BTCUSDT

4H analysis

The descending channel is still in play although there is a price rise of BTC. Now, the price is around the D point of a harmonic pattern. Here, there are some weaknesses. RSI lost its momentum although price increased some more. Also, volume bars have less intensity. Possible reversal will be until $63k to fill the fair value gap and move to retracement zone of the minor harmonic pattern. After that, ATH level will probably be the target.

15 min analysis

There is a clear trend change on 15 min chart. EMA200 were crossed by lower time frame EMAs. Also liquidity was removed by reaching over $67.5k. All conditions are suitable for a small loss of value of BTC. It will be convenient to take short positions when RSI rises above 50 value.

XAUUSD

4H analysis

The order block with red colour was reached once and there was a reaction there. Then, EMA50 held the price and it retried to break the order block. In the second and third attempt, price went beyond the order block and the zone is now invalidated. In the current outlook the liquidity around $2,430 is the nearest attraction point. The structure is still bullish.

15 min analysis

As with 4H timeframe analysis, the market structure is bullish on 15 min chart. But we observe two different weaknesses on the chart. Although price is increasing, RSI is losing its momentum. Additionally, volume bars are shrinking. Both indicate that price will reverse from a close price level. Also we may think that price removed one liquidity and will move below. The closest point of interest is the fair value gap below, show by yellow colour.

EURUSD

4H analysis

The order block shown last week was deviated and price went some more up to remove the liquidity. Now, there are open liquidities below. Price may target these levels. The entry should be based upon short time frame confirmation.

15 min analysis

A typical range-like structure was formed at the current price level. Equilibrium of the range did not work as a single line. Instead it worked as an area. There is not a clear break of structure. Range high can work as a resistance and price can move to lower prices as expected from higher time frame chart. But before moving to lower prices, a deviation of the range is also possible until fib 1.13 of the X-D leg of the harmonic pattern on 4H chart.

** Important Note: Above ideas are not investment advice!**