Many people ask, especially after these recent increases, if we have entered the BULLMARKET or if we are still in the BEARMARKET. My answer is that we still have to wait until we leave Bearmarket. The price between HKEX:23 ,000 and HKEX:40 ,000 needs to be "chopped" a bit. After that we'll see.
If 25k dont hold I'd look at 25k as resistance and consider if we are still in a bearmarket.. (>^.^)>
Here's a quick look at the 8 hr. BTC. Quick reminder: CPI data on Wednesday! 71% is expecting a 25 bps rate hike. Be prepared for some volatility during the release of the CPI data! ------------------------------------------- Recent Altcoin trades: ARB / USDT: 5% profit DOGE / USDT: 20% profit XRP / USDT: 9% profit...
Last year on July 4th I published a timeline of the overall bear market cycle (Attached below in Related Ideas and titled "Theory 3 of 3 for SPX--MOST LIKELY"). This will provide an update on a chart that can be reflected on in the future by “playing the bars” for full veracity. The projection was made in early July when the market was trading at 3825 and the low...
Expecting a swing downward. I'm dislplayed on this 30m chart all passible bearish correlations. No doubt about the price action ahead. Daily overbought condition. I'm expecting sell-off.
Here's a brief update on BTC. The current price has been fluctuating within an ascending triangle, and the low trading volume suggests a more substantial movement is likely to occur soon. The trend appears to be weakening, and during retests of the significant resistance at 29k, trading volume has remained low. In addition, the CME and Fair value gaps below the...
Which Way Will the SPX Triangle Break? Consider All the Arguments Ever since the October 2022 lows, the S&P 500 SP:SPX has been consolidating especially when considered on larger time frames like daily and weekly. This consolidation has formed what is known as a triangle pattern (or symmetrical triangle). A triangle is a consolidation pattern that represents...
Trend weakening, low volume during retests of major resistance ( 29k ), plus CME and Fair value gap below current price - all pointing towards the downside. Brace yourself for a possible return to 20k soon! It's important to consider the unfilled CME- and Fair value gaps located below the current price. Typically, these gaps are eventually filled, so expecting...
Here's a quick look at the Daily BTC chart. As we can see, the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it...
The idea is: Buy when the price breaks above 1.225$ and take profits at the levels shown in the chart. Targets: 1. 1.24$ 2. 1.26$ 3. 1.285$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts...
• Due to this report : ↓ ↓ - "The U.S. administration sold approximately 9,861 Bitcoins" - Furthermore, the U.S government seeks to unload the remaining 41,139 Bitcoins during the course of the current year." - This year, we may see Bitcoin at 10K ! TradingView tweet link : twitter.com
Here's a quick look at the Daily BTC chart. As we can see, the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it...
The Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC, so a dip in BTC price will hurt Altcoins too. Keep an eye on the $620B mark if you're looking to trade some ALTs ------------------------------------------- If you like the content, then make sure...
I think is going to fail the test of the broken support now resistance. I just opened a short position. The bulls are going to put out a fight but eventually price is going to crash. Hang tight, is going to take some time to fall all the way down. This trade in the monthly timeframe, is highly reliable but takes time.
Here's a quick look at the 8 hr. BTC chart. The bearish divergence on the RSI suggests that the trend is losing momentum, and a downward move could be expected. Additionally, the low volume indicates that a substantial movement could occur at any moment. With the bearish divergence on the RSI and the low volume, it's highly likely that a move to the downside could...
AUDCAD is in a bearish trend and formed a bearish flag that indicates trend continuation.
Hello fellow traders, as we can see USDJPY is urgently trading in a descending channel and reached a point of resistance. This resistance is also confirmed by a key FIB level @.786. If this holds we can expect to see price move towards the next support around 128.00. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea...