chirfanfaiz Trading Journal

[chirfanfaiz]

Analysis for the Day of Friday, Feb 26, 2021 Update

Analysis for following:

Bitcoin

Bitcoin open 48019.65 High 48791.66 Low 45860.22 Close 46270.66 Volume 7932

Trend was Down
SELL @ 46980.0301
StopLoss 47671.8499
Take Profit 1 45168.40
Take Profit 2 44048.59
Take Profit 3 42236.96

5 Day Breakout: 5DayH 57534.18| 5DayL 44940.66

ADR High: 51039.80
ADR Low: 44999.50

Bitcoin Forecast

In my early analysis bitcoin has already lost h4 support at level 50008.14 and the next support for bitcoin is at level 4362611. For bearish trend, if bitcoin fell low to 43626.11 next can be 40933.08, and for bullish trend, if bitcoin clear the resistance at 50193.99 bitcoin can get to the 52856 mark

ATR Support and Resistance

ATR(t) res: 52907.65
ATR(y) res: 50773.21
ATR(y) sup: 47136.66
ATR(t) sup: 43878.66

ENTRY LEVELS
W1 BUY above 9707.57
D1 SELL below 60252.41
H4 SELL below 48978.38
H1 SELL below 51413.59
M30 SELL below 51814.18

Please find the chart and Economic Calendar Thanks Everyone wishes all of you very Good luck

[chirfanfaiz]

Analysis for the Day of Friday, Feb 26, 2021 Update

Analysis for following:

Silver
Open 27.370 High 27.555 Low 26.225 Close 26.340 Volume 120867

Trend was Down
SELL @ 26.76
StopLoss 27.06
Take Profit 1 25.97
Take Profit 2 25.49
Take Profit 3 24.70

Forecast

Silver has a bearish trend today as silver is -1.145 with -4.18% change lost support 27.249 and fell to its weekly low at 22.225. while the weekly high remains at 28.290 and today high is 27.555. Silver has lost support level at 26.202 next support is at 25.737.
Silver has a resistance level at 26.886, 27.069, and 27.487. Silver has H4 Resistance at 27.787, 28.260 and 30.035

Please find the chart Thanks Everyone wishes all of you very Good luck

I Would like to thanks MT5 Forum for my bonus Please also look at my trade as well

[chirfanfaiz]

Analysis for the Day of Saturday, Feb 27, 2021

Analysis for following:

Gold
Silver
Bitcoin

<b>GOLD</b>

Gold has lost weekly support at $1748.73 and last week fell low to $1716.72. Gold has 52-week high on Thursday $1805.00. U.S. economic data released overnight also added to the fears that the Fed could withdraw stimulus sooner than anticipated. The dollar index rose to 90.92, gaining more than 0.8%. Gold holding suppport $1725.26 while resistance level at M30 = $1736.73 H1=$1745.01 H4=$1774.61 D1=$1816.20 W1=$1954.69 MN=$2074.69.

Gold trend is down Sell at $1739.07 Stop Loss $1752.89 Take Profit1 $1702.90 Take Profit2 $1680.54 Take Profit3 $1644.37

<a target="_blank" href="redirect.php?url=https://ic.pics.livejournal.com/chirfanfaiz/87836438/669/669_original.png"><img src="https://ic.pics.livejournal.com/chirfanfaiz/87836438/669/669_900.png" alt="" title=""></a>

<b>Silver </b>

Silver has lost H1 Support $27.80 H4 Support $27.26, $26.76 and fell weekly low to $26.095 on Friday. Silver hold support at %26.059 next support at $25.51. Silver has taken support shown a nice recovery Silver has Short term trend is now bullish as long as support $26.10 holds. silver's significant support is around $26.152, violation below will drag the pair down to $25.51/$24.72/$23.62.
The near-term resistance is at $26.90, any surge past targets $27.58/$29/$30 is possible. It is good to sell on rallies around $26.69 with SL around $27.02 for TP1 of $25.84 TP2 of $25.31 TP2 of $24.45

<a target="_blank" href="redirect.php?url=https://ic.pics.livejournal.com/chirfanfaiz/87836438/869/869_original.png"><img src="https://ic.pics.livejournal.com/chirfanfaiz/87836438/869/869_900.png" alt="" title=""></a>

<b>Bitcoin</b>
Bitcoin high today 48313.69 Low today 44987.66. Bitcoin has a bearish trend and drop to weekly low 43986. Bitcoin holds significant support at 46109.50. Bitcoin has taken support shown a nice recovery Bitcoin has Short term trend is now bullish as long as support
$44408.85 holds. Bitcoin significant support is around $43986.16, violation below will drag the pair down to $42969.07/$36364.31/$30444.63/
The near-term resistance is at $47616.09, any surge past targets $48252/$50893/$55353 is possible. It is good to Buy on rallies around $46384 with SL around $46041 for TP1 of $47284 TP2 of $47839 TP2 of $48739

<a target="_blank" href="redirect.php?url=https://ic.pics.livejournal.com/chirfanfaiz/87836438/1096/1096_original.png"><img src="https://ic.pics.livejournal.com/chirfanfaiz/87836438/1096/1096_900.png" alt="" title=""></a>

Please find the chart Thanks Everyone wishes all of you very Good luck

---------- Post added at 04:27 PM ---------- Previous post was at 03:57 PM ----------

Analysis for the Day of Saturday, Feb 27, 2021

Analysis for following:

Gold
Silver
Bitcoin

<b>GOLD</b>

Gold has lost weekly support at $1748.73 and last week fell low to $1716.72. Gold has 52-week high on Thursday $1805.00. U.S. economic data released overnight also added to the fears that the Fed could withdraw stimulus sooner than anticipated. The dollar index rose to 90.92, gaining more than 0.8%. Gold holding suppport $1725.26 while resistance level at M30 = $1736.73 H1=$1745.01 H4=$1774.61 D1=$1816.20 W1=$1954.69 MN=$2074.69.

Gold trend is down Sell at $1739.07 Stop Loss $1752.89 Take Profit1 $1702.90 Take Profit2 $1680.54 Take Profit3 $1644.37



<b>Silver </b>

Silver has lost H1 Support $27.80 H4 Support $27.26, $26.76 and fell weekly low to $26.095 on Friday. Silver hold support at %26.059 next support at $25.51. Silver has taken support shown a nice recovery Silver has Short term trend is now bullish as long as support $26.10 holds. silver's significant support is around $26.152, violation below will drag the pair down to $25.51/$24.72/$23.62.
The near-term resistance is at $26.90, any surge past targets $27.58/$29/$30 is possible. It is good to sell on rallies around $26.69 with SL around $27.02 for TP1 of $25.84 TP2 of $25.31 TP2 of $24.45



<b>Bitcoin</b>
Bitcoin high today 48313.69 Low today 44987.66. Bitcoin has a bearish trend and drop to weekly low 43986. Bitcoin holds significant support at 46109.50. Bitcoin has taken support shown a nice recovery Bitcoin has Short term trend is now bullish as long as support
$44408.85 holds. Bitcoin significant support is around $43986.16, violation below will drag the pair down to $42969.07/$36364.31/$30444.63/
The near-term resistance is at $47616.09, any surge past targets $48252/$50893/$55353 is possible. It is good to Buy on rallies around $46384 with SL around $46041 for TP1 of $47284 TP2 of $47839 TP2 of $48739