My dear friends, last week we interpreted the long-term analysis of some instruments, this week we will take a short-term (daily) look.
âž•Please do not forget to follow and like to support us. (ICE Finance)
‼Shares involve risk; so please review our previous posts on trading discipline and capital and risk management.
I expect a correction after possible hard selling this week. This situation can be interpreted as an increase in risk appetite in the global market in general‼
🔺Crypto Market
BTC-ETH is the locomotive of the crypto market, a possible move here triggers the entire market. Point X is higher than the previous bottom, which is a short-term bullish signal. Currently, the price is in a sharp rise towards the 20200 level. 22950 appears as the first target of the price. This point is a In the resistance position, if the price breaks this resistance, the next target is 25400. I am personally watching the price reach the 22950 level. I am waiting for a correction that I have written with the letters W-X-Y. If the Y point 22950 is broken, it may end at 25400.
We talked about DXY (Dollar Index) in the past weeks. There may be a correction or a pullback in the trend. We said that this scenario looks strong with the expectation of interest from the ECB. There is a similar movement in the entire crypto market in general. Let's not forget that the market is in a long-term bear market. I expect the outlook to continue for a while. 25400 resistance is very important for this perception to change.
If the price reaches this point, its situation at 25400 will give us an idea of the general trend. The market may offer us a profitable short position (sell) position from this point.
📢I plan to evaluate gold and stock markets tomorrow.
Kind regards...
I wish you the best of luck, hope to see you soon.
âž•Please do not forget to follow and like to support us. (ICE Finance)
‼Shares involve risk; so please review our previous posts on trading discipline and capital and risk management.
I expect a correction after possible hard selling this week. This situation can be interpreted as an increase in risk appetite in the global market in general‼
🔺Crypto Market
BTC-ETH is the locomotive of the crypto market, a possible move here triggers the entire market. Point X is higher than the previous bottom, which is a short-term bullish signal. Currently, the price is in a sharp rise towards the 20200 level. 22950 appears as the first target of the price. This point is a In the resistance position, if the price breaks this resistance, the next target is 25400. I am personally watching the price reach the 22950 level. I am waiting for a correction that I have written with the letters W-X-Y. If the Y point 22950 is broken, it may end at 25400.
We talked about DXY (Dollar Index) in the past weeks. There may be a correction or a pullback in the trend. We said that this scenario looks strong with the expectation of interest from the ECB. There is a similar movement in the entire crypto market in general. Let's not forget that the market is in a long-term bear market. I expect the outlook to continue for a while. 25400 resistance is very important for this perception to change.
If the price reaches this point, its situation at 25400 will give us an idea of the general trend. The market may offer us a profitable short position (sell) position from this point.
📢I plan to evaluate gold and stock markets tomorrow.
Kind regards...
I wish you the best of luck, hope to see you soon.