same setup as eth. wave 1 looks complete. starting wave 2. looking to short to $19.2k minimum target. $17.5 TP2
On this 1W time-frame analysis we make a case why Bitcoin (BTCUSD) is massively undervalued in relation to a technical factor as well as the effect that the U.S. 10 Year Government Bonds Yield (US10Y with the black trend-line) and the U.S. Dollar Index (DXY with the green trend-line) have. Bitcoin's rise this week may come as a surprise to most but it is no...
Our priority scenario in ETH has changed from bearish to bullish. This is due to the powerful growth of the all crypto market. Growth in wave (5) could bring Ethereum prices to $1514. We allow the price to roll back in wave (4), but not lower than $1346. If the price breaks this level, our view on ETH will change.
Really nice pump out of Gala on the 4 Hourly. Fully blown and overbought on all oscillators and we have formed a nice peak. Remember it's all about the peaks and the troughs. If you're shorting wait for those troughs to play out. This wave is starting to loose momentum on the 4 hourly. Looking for us to retest around 2 cents for support or come down at least 5%...
Following last week's analysis of 4 important indices in the markets, as we can see in the daily chart of these indices, in the last two days of the last week, gold, which had lost its support, is pulling back to it, but the American stock indices have their key daily supports with The members of the Federal Reserve paid attention to the contractionary talks, and...
Due to the shortening of the ascending lags and the increase of the descending lags, the qm setup has appeared in this currency, which can fall by reaching the area of 0.778.
The monthly Bitcoin candle will be closed for the next few hours, with this condition, its close will be under the key support of 19,890 and it is unlikely that it will be able to rise above 20,000 in the remaining hours, although it tried today and was unable to maintain the high price of the area. It was 20,000. Having said that, if we want to move according to...
The decrease in the length of the downward extensions and the increase in the slope of the upward corrections in the 4-hour time frame indicate the increase in the power of buyers. On the other hand, the distance of collisions with the downward trend line has decreased, which can increase the probability of its failure. The resistance of 1550 will be determined...
By shortening the ascending legs and creating a floor lower than the last formed floor, if a lower ceiling is formed and a confirmation candle is issued, it is suitable for a short position.
The Nasdaq index (the average of American technology companies), which has recently had a movement correlation with Bitcoin and the crypto market, has weakened after breaking its static and dynamic resistance, and due to the fact that it seems to have broken the resistance, it has made a pullback, but the intensity of this pullback was high. and increases the...
In the last week, we have seen a significant growth in the dollar index, which shows the desire of traders to liquidate and convert their assets into dollars, which will naturally cause selling pressure in risky markets such as crypto. With the opening of global markets today, we are witnessing the registration of a powerful candle and an attack on the previous...
After reaching the support area of 20800, Bitcoin is still suffering and completing within the time frame to continue the movement, which due to the higher time frames and the breaking of the ascending channel and more pressure from the sellers, this movement will be in the direction of falling, but until it is not filled within the time that is probably It will...
When the price reached the resistance area, the volume increased, but the price could not cross the resistance (in checking the volume, you should not pay attention to the color of the candlestick, because the time frames are only an indicator) and with the formation of the rising wedge pattern, you can wait for confirmation of the candlestick in the lower time...
As mentioned in the previous analysis, the first weekly falling candle is closing as it fills up in time, and the type of closing will be determined by tonight (which is unlikely to create a long run from the bottom due to the closure of the markets). If it closes in this way, the body will cover the previous three candles and create a strong bearish candlestick...
As expected, the falling wedge pattern acted in strong daily support and was able to reach the 7% resistance zone with strong momentum. Considering the strong trend formed and the pattern target, wait for a few days to break the resistance zone and move up to the 8% resistance.
Bitcoin Dominance has reached the ceiling of the descending channel again and is building a floor in the support area, with the breaking of the 41.5 level, the main fall in altcoins will begin.
Bitcoin is still trying to break the resistance of 24300 and increase the volume in the upward trend and its decrease in the correction shows the continuation of the upward trend in the 4-hour time frame, and if it breaks the 24300 area with high volume, it can increase as much as the previous log up to around 25300 experience a price growth, the condition for...