BTCUSD Daily TA Cautiously Bullish. Recommended ratio: 70% BTC, 30% Cash. * US July Manufacturing PMI was reported today and showed a slight slowdown in manufacturing activity dropping from 52.7 last month to 52.3 this month; this sent Equities and Cryptos lower but again helps confirm that the Fed is being effective in reducing demand as a means of curbing...
BTCUSD Daily TA bullish. Recommended ratio: 90% BTC, 10% Cash. *WEEKEND RALLY. Cryptos continue rallying off of news that Ethereum's long awaited Merge is forecasted to be finalized and ready for launch on Mainnet ~09/19/22 . Assuming that the final trial on the Goerli testnet goes well in August, this timeline should be fairly accurate; however, The Merge has...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH . Cryptos look like they may lead the market sell-off if there isn't a bounce at some point in the next session or two. Bitcoin still has yet to test the uptrend line from March 2017 at ~$15k and many analysts are calling for a $13k bottom, sentiment seems to...
OKB | OKX TOKEN | Trading Within Structures On the daily chart, the price is developing within very solid structures. We can see only a small correction that can happen close to $12 From there I am expecting the price to increase again and probably in the coming months it can reach 16 and 18 considering that also the trading volume should increase...
ETH Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash. *Cryptos enjoyed a rally to start the weekend but then came the Sunday Scaries (a corrective sell off after a weekend rally), this is typically bullish going into the next week but given the bearish sentiment in markets it may signal that more downside is to be expected. Fed Vice...
ETHUSD Daily cautiously bullish. Recommended ratio: 75% ETH, 25% Cash. * Ethereum has just completed its second (and second to last) Merge trial on Sepolia Testnet and will now have to pass the third and final trial on Goerli Testnet before launching on Mainnet; that said, Core developers still anticipate the Merge to launch on Mainnet sometime in Q3. Fallout...
Back in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up. This DOUBLE Excess Phase Peak pattern suggests the $30k to $34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers. Because...
The great unwinding of excesses after the COVID crisis continues. Bitcoin will not attempt to find support until it reaches $10k or lower. The US/Global markets may continue to trend lower as well as Q2:2022 earnings/revisions are likely to SHOCK trader's expectations. Now is not the time to be buying anything (IMO). Smart traders understand the risks related to...
ETHUSD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *It's currently a risk-off market which is adversely impacting cryptos and equities, add the insolvency crisis that is currently hitting various crypto lenders and crypto investment funds and there are very few reasons to be bullish. Once lay-offs are more commonplace and the housing market...
we observe a small increase in liquidity, but a return to major support is to be expected. M.S
Rsi Bearish divergence I found bearish engulfing candle also and candle break 20ma so i think price can go down 🤙🤙🤙🤙
ETHUSD Daily cautiously bullish. Recommended ratio: 80% ETH, 20% Cash. *SUNDAY/MONDAY SCARIES WATCH. With the BEA due to report a third estimate for Q1 2022 GDP growth on Wednesday (06/29) at 8:30am (EST) and Core PCE Price Index to be reported on Thursday (06/30) at 12:30pm (EST), crypto and equity markets will look to continue the technical relief rally...
Pivot Point: 1110 Currently: Resisted at 1056 and retraced back to 994 Reaction: Consolidating at this 1173 level , its next support zone is at 1228 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just...
ETH Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Cryptos are enjoying a technical relief rally that is still ongoing even though Binance didn't buy $2b of Bitcoin this weekend, the bulls are saying bottom but I think it's a bit premature with JPow due to testify before Congress on Wednesday (06/22) and PMI due on Thursday...
****NOT THE INVESTMENT ADVICE**** I'm neutral in my assessment. Please do your own due diligence. In this analysis, I leave out external and macro factors such as crypto adoption and regulatory concern. Rather, I want to focus on things Coinbase can control. Main points- To start off, I believe Coinbase has the bright future and its biggest risk is the...
ETH/USD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *The House of Cards is continuing to fall in leveraged crypto land with 3AC, Celsius and Babel all either pausing or limiting withdrawals/redemptions; not to mention Microstrategy quickly approaching a margin call on their leverage long BTC position that may have actually been hit when BTC touched...
Can't say I didn't warn you. The Global speculative bubble has BURST. The unwinding process will take at least 6 months. Stay cautious. Follow my research
ETHUSD Daily bearish. Recommended ratio: 5% ETH, 95% Cash. *With Celsius and 3AC both crashing hard and on the verge of total collapse, the crypto market is continuing to take a barrage of bearish hits during a period of Fed QT and hawkish monetary policy.* Price is currently forming a Bearish Engulfing candle (at $1050) as it quickly approaches sub-$1000...