@spacefx7i
iAccount based inEurope
About this account
- Account based in
- Europe
- Connected via
- Europe App Store
Account-level information from X, not a live location or the device used for a specific post.
Private trader resilient mindset (no financial advice)
Joined May 2022
- Tweets1.5K
- Following52
- Followers285
- Likes908
#BTCUSD "Eat the tail"
We've got two nice trend-continuation setups on #BTCUSD-->
On the daily, today's candle is contained within yesterday's upper wick,
And there's a likely "eat the tail" setup forming on the weekly
All within a strongly bullish trend
If price fails to clear $85k, buyers could start losing interest
A break above $85k would send price toward last week's high
We've got two nice trend-continuation setups on #BTCUSD-->
On the daily, today's candle is contained within yesterday's upper wick,
And there's a likely "eat the tail" setup forming on the weekly
All within a strongly bullish trend
If price fails to clear $85k, buyers could start losing interest
A break above $85k would send price toward last week's high
#XAUUSD is stuck in a choppy, indecisive range right now, caught between conflicting macro forces.
On one hand, safe-haven flows keep getting a steady bid from lingering geopolitical tensions, with investors hedging against systemic risk.
On the other, sticky US yields are weighing on the metal, raising the opportunity cost of holding a non-yielding asset when fixed income pays more.
Oil is the swing factor here-> a spike in crude acts as an inflation catalyst and boosts gold's appeal as a hedge.
A drop in crude cools inflation expectations and takes the bullish pressure off.
Level to watch:
Bullish above $4,700
Bearish if the post-FOMC low breaks with volume
Right now, the trend is neutral.