I compared the current priceaction with the wyckoff distribution and found it like it is in the textbooks, lets hope it plays out and everyone can get the chance for cheaper Bitcoin
Many people get bogged down by focusing on small time frames. Now let me introduce the annual schedule, which is a huge deal breaker. Prices reversed course in 2011 and have been bullish ever since. Here we can see that the price is basically retracting at 161.8%. We could see a lot of selling on the 100% extension, which could test new support. To confirm this,...
In a remarkable turn of events, Qualcomm ( NASDAQ:QCOM ), the global leader in smartphone chip manufacturing, has defied expectations with a bullish forecast for the fiscal third quarter, driven by a resurgence in the smartphone market fueled by artificial intelligence innovations. Riding the AI Wave: Qualcomm's optimistic outlook stems from the accelerated...
Gold is very often able to outperform US Dollar (vs foreign currencies) strength in its bull eras. I made it easy for you to spot when the march upwards resumes on this daily chart. Now don't say I can't help ;-) #gold #dxy #usdollar
American International Group ( NYSE:AIG ) has once again proven its mettle, surpassing profit expectations in the first quarter fueled by robust performance across its general insurance and life and retirement divisions, coupled with reduced catastrophe losses. Underwriting Brilliance: AIG's stellar performance in the first quarter was underscored by a remarkable...
DoorDash ( NASDAQ:DASH ) stands tall as a beacon of innovation and resilience. Despite the challenges posed by elusive profitability, DoorDash ( NASDAQ:DASH ) has continued to surge ahead, gaining customers, expanding its offerings, and solidifying its position as the undisputed leader in the market. Dominance and Moat: DoorDash's ( NASDAQ:DASH ) dominance in the...
Hey Everyone, A piptastic day on the charts today kicking off the new month with blues. Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries. We then stated that we will now wait for this area to support and head for the...
"That's a HUUUUGE wick" - Deuce Bigalow Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall. Exo-political situation that's escalating is the USDJPY - and the BOJ is...
As We Talked in The Previous Analysis: The Price Broke The Support Level (1.07431 - 1.06950) . At The Moment, The Price Has Pulled Back to This Key Level Which Has Become The resistance Level. So, Let's Expect The Bearish Scenario: If The Market Breaks and Closes Below The Higher Low (1.06780 - 1.07245). We Will See a Bearish Move📉 TARGET: 1.05755🎯
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Solana (SOLUSDT) is now trading below EMA10 weekly but we are going to be looking at a different signal right now, one that came out recently before last week's drop. Whale alert! — Whales are moving around billions of dollars worth of SOL. 👉 Transactions in the tune of $817M (2x), $782M and $682M are exchanging hands right now and the last time this happened...
The semiconductor industry, known for its dynamic nature, faced a tumultuous day as Advanced Micro Devices ( NASDAQ:AMD ) delivered an uninspiring outlook for the upcoming quarters. The repercussions of AMD's subdued guidance rippled across the market, with its main rival Nvidia ( NASDAQ:NVDA ) feeling the heat, alongside other semiconductor giants like Skyworks...
JSE Top 40 index: Thursday 02 may 2024 As per Tuesday’s pre-market above, the index traded higher followed by a failure to hold it’s highs. This resulted in what’s known as a ‘dark could cover’ candle formation. The price action is reflective of short term selling/distribution following the strong preceding upside move.
XAGUSD - Silver the next best opportunity to re-enter on the buy/long side appears to be at the rising trend line/75-EMA. This is a provisional view.
With the current bearish sentiment and large correction in the crypto market we look into the Bitcoin Dominance Vs Altcoins & USDT. Both Bitcoin and Altcoin dominance is going down in the current market correction and cash equivalent USDT dominance is breaking out. Does BTC dominance bounce at the bottom of the channel as we saw in recent history. Alt dominance...
#Bitcoin momentum is falling apart on daily chart, now negative and accelerating downwards. Remember, once you realize you are in a correction, you can either: 1) Stick around and hope it resolves upwards 2) Exit and let the dust settle The second option is NEVER wrong.
BTC Dominance is breaking a trendline on Daily Time Fame and on support at 54.16% if the breakdown down is confirmed then we might see BTC.D continuously retrace towards the lower zones this is a good sign for alts and is possibly the start of the biggest bull run ever. Be patient and get ready to witness the massive run. Save your portfolio from futures trading...
Confluence of Support: Flag pole downside target around $52k. Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel 200 Day moving average around $50k so near the 52K That said we still have strong bearish momentum. Price is expected to down to $52k. At that price target we might flip bullish. Are you bullish or...