UPDATE #BTC levels.. A break of 35.9k opens move to 34.5k looks like it could send it much lower toward a target near 26k-30k. #Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300 Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000 The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s...
if you zoom out and really think about it we havent held a downtrend for long enough to say a broader bear market taking years to regain. even if it lasts less than 9 days, we have always bounced at accumulation levels such as this even during corona and the following recession. im not saying trust this as the bottom, but there is long money willing to make bull,...
Bitcoin captured 🤨🔥💯, new year 31st jan bull run starts 🙂and end of March bitcoin at 80k to 90k $ 🍻 (super cycle💥)
The Nasdaq100 has been strong, and its trend is still bullish; however, short term we might see some more selling to test the bottom of the channel. It's a great exercise on any chart to use maybe 1 or 2 moving averages as use a weekly candlestick chart to see the bigger picture.
The big story on the emergence of a new strain of COVID-19 in South Africa caused Wall Street’s three main indices ($SPX, $NDX, $RUT) to tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff. The renewal or pandemic fear has outlined as the biggest risk to today’s...
Hi Traders! As you can see, the market was in a strong Uptrend for quite a time. After that, it made one Top, pulled back, came back up again and failed to make a higher High. Since then, it is moving down. The market started a descending Triangle in which the market made lower highs, but equal lows. That pressurized the Support, which finally broke out. The...
Due to the upward trend in the Daily and Weekly timeframes, we expect the scalpel to descend from the blue area to the yellow areas. Then continue the uptrend.
Shiba come back 🚨🔥😍, 100% to 200% potential 😾⚡ Let's go buy and hold 💚.
Wyckoff distribution, accumulation, and redistribution patterns have played out since MAY 10th 2021. SOL one of the first top cryptos to burst out of it's wyckoff pattern and set new alltime highs. I believe select cryptos will follow a similar parabolic pattern just like SOL. ADA nearing completion of it's wyckoff. MATIC preparing for it's parabolic run. XRP...
There's a good chance rejection at trend point of control (PoC) is confirmed and we get some kind of retrace from this prevailing bullish impulse that we've had. If so, we are likely to come back down to at least the first point of support at which point there are a couple possibilities: a) make a higher low and begin proper large-scale accumulation b) make a...
The DI/LRSI is printing a power shift signal (orange background on indicator). This occurs when either the ADX trend strength crosses over 25 or when it's already over 25 and the bulls/bears switch who's in control of the trend suddenly. The latter signal is being printed on this week's candle. With the weakening descending top and flat support, we can see the...
Let's zoom out and look at the whole journey of Bitcoin since 2011 on an Heikin Ashi chart. We might think corrections down to 93% is unreal, but look how possible it actually is. Do you see the pattern? 2011 - 93.61% 2013 - 75.40% 2013/15 - 86.96% 2018 - 84.22% 2019 - 72.02% 2021 - ? Sure, if you look for hopium, you'll find it. With half of Bitcoin network is...
When looking at the 10 Yr Yield chart, the price is currently sitting at a key area of support. A breakdown of that support could lead to a massive move to the downside. This would be enough to send equities and commodities soaring. A bounce from here should take yields right up to two big areas of resistance - first, the recent high around 1.75 and long term...
Facebook Disclaimer/ On average, 90% of all stocks move down with the market, and 75% move up. The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the...
Overview: What's happening? The risk assets have been confirming their short-term weakness and the need to correct and digest recent gains. We can see that most of the stock indices are in negative territory these days. The big technical picture of DXY also suggests possible upward momentum. We can expect the increased volatility in the Forex market in the...
Global view: What's happening? While global coronavirus cases rise to 100 million, the risk assets keep rising as well! DXY remains relatively neutral, as it's range-bound between ~90.75 local resistance area and ~88.75 long-term support. I'd confidently consider trades in USD related pairs once DXY breaks either of the range borders. For now, it's better to...
What's happening We've been consolidating for two weeks already, with the last week being more of downward pressure. The broad markets are consolidating near their respective resistance/support areas. The ultimate event I'm waiting for is the breakdown of 90.50 support and the continuation of the downtrend in DXY. I believe when we see that breakdown, the trend...