BTCUSD Daily neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * The final Q1 GDP growth estimate came out this morning at -1.6% compared to preliminary estimates of -1.5% and compared to +6.9% growth in Q4 2021; the estimate miss was tolerable and it seems as if this degree of negative growth was priced in to financial markets based on the...
Oracle Intraday - We look to Sell a break of 68.29 (stop at 71.31) The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50. Our profit targets will be 60.09 and 58.00...
BTC on weekly approached the important level of support zone at 200MA and the 19.6k support from 2017 ATH. Every time in history BTC bounced of that level of 200MA. Just like 2020 Covid crash BTC can dip even further but it has to close above or at 200MA in order to end the bear market.
Hi Traders and HODLers.... If you ask yourself how low could BTC Fall during this correction ? Well .. it all depends if you believe to EW counts and Fibonacci extensions. This EW Count shows my expectation of FreeFall back down to 11K zone in case of A:C 1:1 Extension. Right now Bitcoin is fighting for most iportant levels. If he fails. We could finish in...
hello friends. BTC Dominance is in an important zone. and its near 200 day MA and maybe we touch this MA at 42.7 and then pullback. if this section happen we could rally up to 45% and 47% that shows a massive correction for altcoins. if we lose this 200 day MA we could go down to 41.55% and then 40%. if this happen we will see massive rally from altcoins. but...
From the inverse HVF funnel formation and break. HEX dropped below 3 cents A return move to the initial funnel range , seems to be a relief rally. If #Bitcoin does continue on below $15,000 and under The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists. This I believe will set up for a fantastic reflation period of #crypto...
The 200 DMA is a very important level for Bitcoin. BTC under 200 DMA = bearish Let's look at the past: Late March 2014 - Late June 2015 = BTC was below 200 DMA, Bear market, roughly 16 months of bear market. MAJOR BEAR MARKET March 2018 - April 2019 = BTC below 200 DMA, Bear market, roughly 14 months of bear market. MAJOR BEAR MARKET September 2019 - April 2020 =...
What Is BTC Dominance? Bitcoin dominance, or BTC dominance, is measured as the ratio of the market capitalization of bitcoin to that of the rest of the cryptocurrency market. Some crypto investors and traders use bitcoin dominance as a guide to adjust their trading strategies and portfolio structures. Source: Binance Academy Quick Forecast, we may see a...
Hello Traders 👋 This is a small attempt to analyze the BTC/USD through the lens of historical time cycles. I can observe, on this monthly log chart, a 4 year correction cycle -- 2014, 2018 and now in 2022 Previous corrections: 2014 Dip = -86% 2018 Dip = -84% Current Correction: 2022 Dip so far = -74% The previous bear markets ended with a dip of...
I am going to short the end of the harmonic at 23.2 K for 10% SL swing let's see how it plays
There's a possibility of further downside for $AMZN over time, but currently, price action and the drop in commodities suggest that $AMZN is likely to go higher for a while. Until the next FOMC meeting, market participants might bet on a Fed pivot taking place sooner rather than later, given the drop in commodities suggesting inflation might be under control...
I've been away for a while. Coming back to make a chart that I think is very important. We have Bitcoin's 3 Month chart. If we were to look at altcoins, in bear market it tends to come back to prior supports. You may say that Bitcoin recovered many times before. Yes, it did. Although media coverage wasn't that big, celebrities were not on board as much as they...
Just following up with the prior AAPL idea linked below that demonstrated just how silly a mid-range daily shooting star can be in a pattern like this one. The count above is on the weekly timeframe, which means any "minor" break of that basic upward trendline cannot be ignored. Thus, we cannot ignore the thrice-broken trendline as the price action tops along...
GOLD Daily cautiously bearish. Recommended ratio: 10% Gold, 90% Cash. **H&S WATCH. DEATH CROSS WATCH.** *USD is down a bit while energy, commodities, equities, cryptos are up and gold is relatively flat. The relief rally is primarily benefiting risk on markets as money begins to enter it from risk off markets (like gold and bonds); this is still just a...
Thinking another day of chop then possible larger move Friday or early next week. I like that gap above but trend is certainly down. Perhaps we get the gap fill above before another solid leg down ... keeping it level by level. Thoughts ?
Zendesk Intraday - We look to Sell at 100.59 (stop at 107.67) This stock has recently been in the news headlines for a private equity buyout imminent. Price action reacted by popping higher on yesterday's trading. Sentiment remains negative despite the pull-back higher in prices. Current price action faces resistance at the 61.8% Fibonacci retracement level...
SPX Daily cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *The US Dollar (and treasuries and bonds), energy and commodities take a tumble as equities and crypto get a boost from a lower PMI and a successful Federal Reserve bank Stress Test with hopes that inflation can start to slow down before the Core PCE report due on 06/30/22. All things...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. *Cryptos and equities are still enjoying the technical relief rally. PMI numbers came out this morning and showed a significant reduction in output largely attributed to a reduction in demand; a higher federal funds rate and quantitative tightening are two of the main reasons why...