I was watching BITCOIN for a while
Waiting for this moment
And now the price action
On the lower timeframes
Has given me what I was expecting to see
Making me bearish on BITCOIN mid-term!
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Welcome to this BTC update. In my previous BTC update, I told you that BTC is at resistance and if it breaks the resistance then we see $30 soon but BTC is unable to break the resistance and got rejected badly.
Now, BTC is not looking good in the daily time frame. It breaks...
I've been talking about the market rallying upwards in my previous posts since June/July, and finally it's time for me to go short ( heavy ) in this market. :-) We've had strong #DP prints at these high levels that lead me to believe buyers are scaling out of their positions if not completely out. The flows have been consistent over the past couple of weeks with...
After some time of sending us mixed signals
NZD/JPY is finally giving us a solid bearish bias
And judging by the price action at the lower timeframes
The pair is about to go down!
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First things first, nothing is perfect. Expecially in crypto.
However, the analysis I provide you seems pretty close ;). Besides, what harm does a little clickbait do.
What do we see on the chart:
Haikin-Ashi candles: Heikin Ashi reduces graph noise, making it easier to spot trends.
RSI Index (14):
- Parallel channel within the RSI Index:...
This post is a test of my thesis that I can accurately identify a banker's candle that tests market structure. The Thesis works like this:
Bank trading firms need to test the market structure with specific actions on specific days that tell them what the market can tolerate and they base their plans accordingly.
For instance if banker candles identify a market...
The total evaluation for BTC chart is bearish. Please be mindful of your risk management as we are, despite the momentum of the bearflag or rising wedge, is still magnanimously bearish overall. This corresponds very well with my NASDAQ chart that you can see in my profile. I am thinking that even if we push up for one last market maker fake out, 26,200$ is the...
The total evaluation for DOT asset is bearish . Please be mindful of your risk management when it comes to buying at certain level. It is truly key to recognize designated levels at which volume and trading activity can be found, I have already provided you with the volume profile on the left to assess your judgement. The green line as it shows is a...
I think id we break this Support at 22700-22800 we will break down of the bear flag and potensiallt go down to 14k range.
Posiibile good short position would be from 22690 tp at 20700 ish.
Not a financial advisor.
Proceed at own risk.
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Sector – Consumer Cyclical
US Business Cycle Stage – late cycle, when this sector is not favourable
Revenue – suffered significantly during pandemic period and 2022 TTM is showing revenue just shy of 2019 level, with 9% average annual rate
Profits – profits, however,...