Current Market Activity: This morning, the TOTAL market cap was rejected at the $2T level, the top of the range, and has begun retracing, potentially testing the bottom of the range at $1.85T once again.
Key Levels:
Top of Range: $2T (Rejected)
Bottom of Range: $1.85T (Potential test)
Previous High: $2.25T (Late August)
Bearish Signals: TOTAL has not created a...
Last week in the news
The previous week started with a negative market sentiment after leaked information regarding Nvidia's subpoena received from the U.S. Department of Justice, while the same sentiment continued till the end of the week, after releasing weaker than expected jobs data. Such sentiment increased US Dollar volatility, while the price of gold...
The Trump Pump gets wiped out by the Democrats' relentless legal pursuit to take him out of the race with today's new indictment against him.
If Crypto CRYPTOCAP:TOTAL Market Cap does not hold the .236 fib, we will revisit the 1.8T range. That would be another 10% down from here.
Next critical support would be 1.479T, which would be a 20% sell-off.
I very...
Last week in the news
“The time has come for policy to adjust” were the words of Fed Chair Powell which marked the previous week impacting strongly market sentiment. Almost all markets reacted positively to a potential Feds pivoting point, with S&P 500 gaining 1,45% for the week and nearing its all time highest level from July this year. The US Dollar continued...
Last week in the news
The lower than expected US inflation figures were the main driver of financial markets during the previous week. The US equities gained the most, with S&P 500 ending the week at the level of 5.554, and only 2% lower from it's all time highest level in July this year. The price of gold gained on a USD weakens, reaching a fresh new all time...
#TOTAL #Analysis
Description
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming...
Last week in the news
Previous week markets used to digest US economic data, and realized that there is still no need for fear of recession. Markets were traded with a positive sentiment covering some losses which were brought two weeks ago and on Monday, after posted US jobs data which were weaker than expected. The US Dollar continued to weaken, supporting the...
BTCUSD analysis on 12/08/2024:
BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity.
The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200.
Recommended orders:
Plan 1: LONG BTCUSD zone...
Absolute FACE MELTING day in the market today.
The biggest inflow of capital in the entire Bull Run!
CRYPTOCAP:TOTAL market cap pumped 13.75%
Bulls have reclaimed the .236 Fib
I expect a bit of a sell-off here, but if we can hold this level, we very well could have seen the bottom.
Last week in the news
Previous week was marked with a lot of news, unfortunately with a negative sentiment for investors in financial markets. The FOMC meeting brought “nearing” a rate cut, which was generally positive, however, surprisingly weak jobs data made investors to re-think their positions, fearing a potential recession in the US. The Bank of Japan also...
Bitcoin continues to retreat from the historical highs reached in the March quarter of 2024, as discussed in many previous posts, minds and publications.
In nowadays BTC is declining to new local lows as the macroeconomic situation in the global economy worsens and volatility (uncertainty) in the market as a whole increases.
The technical picture indicates a...
One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH)...
Last week in the news
The released June PCE Index was the major driver of the sentiment on financial markets during the previous week. The US Dollar strengthened during the week, however, PCE data pushed the currency into correction. Following the correlation with the USD, the price of gold ended the week a bit higher from previous weekly levels, at $2.385. The...
1. **Left Shoulder**: The price declines to a new low, then rises.
2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises.
3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises.
4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This...
XRPUSDT
HELLO TRADERS
Tendency , the price inside two turning level around 199.493 & 197.879 , inside a supply zone
TURNING LEVEL (1) : the price of this level at 0.61 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.57 , so if the price breaking this level reach a support level (1)...
What's up guys! We are experiencing a huge shake up in the Crypto Market atm. Specially with the BTC sell off, alts really took a hit! Some even regressed so much that all the gains startig this year were lost at this point.
The question is, do you have a plan of action? Well, I do!! Let me share two possible scenarios.
1) On the Weekly and Monthly...
