BingX’s Bitcoin Chart
Bitcoin is up 1.23% over the last 24 hours and rose to an intraday high of $16,798.00. The Crypto & Fear Index is still in the extreme fear territory, and the relative strength index is below the midpoint, suggesting that the market sentiment is still weak. The liquidity issue of Genesis Trading remains unresolved, but the firm confirmed...
it has dropped about 17% from its peak and currently there are 2 support level to watch.
It could rebound from here so I like to buy some shares but if it falls further to the 2nd level, then I will add some more. The important thing is it must stay above the bullish trend line.
The stock has been performing well ahead of its earnings reports, thanks to the news that DBS will be the bank to utilise MaxxDigital – a digital asset platform that provides risk and FX solutions for institutions. Whilst Singapore’s regulators continue to clamp down on crypto trading for retailers, Singapore wants to become a digital-asset hub within the...
BingX’s Bitcoin Chart
According to the latest CoinShares report, digital asset investment products saw a net inflow of $6.1 million last week. Bitcoin is down 0.68% over the last 24 hours and fell to an intraday low of $20,240.00. The volatility of Bitcoin has reduced since Saturday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The...
BingX’s Bitcoin Chart
The Dollar Index (DXY) has increased to 113.02, a 20-year high, which imposed strong pressure on risky assets. The S&P 500 index has declined about 1.72% today, while the Nasdaq Composite is down 1.8%. Bitcoin is down 0.84% over the last 24 hours and fell to an intraday low of $18,530.81. The relative strength index (RSI) is just below...
Analysis Forecast:
Expectations of Breaking 3-year High Towards S$33.00 area
Analysis is For:
SG Market
Position Trading (Momentum)
Single Stock Tactical Allocation
Supporting Technical Observations:
1. Price is developing bullish character
2. Fund Flow Index (FFI) improving
3. Performing relatively stronger than STI (market index)
4. Developing Bullish...
DBS, the biggest component of the STI, appears to have great downside risk.
Breaking below support of 29.60, after a lower high, means a lower low is put in place.
The weekly chart already had a Bearish Engulfing last week, and this week (left with 1.25 days) closing down below 29.60 to end the week would be another toppish candlestick pattern called the Three...
Prices are sitting on a key support level in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well.
Humbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
DBS (D05) - Bearish Prediction, be carefull
Price is facing bearish pressure from our first resistance where we could see a reversal below this level. Ichimoku cloud is showing signs of bearish pressure as well.
Price is approaching resistance where we could see a reversal below this level, a break below our downside confirmation would provide the bearish acceleration to our first support target
Just saw this weekly chart of DBS (D05)...
After a spectacular and amazing run up, DBS is clearly stalling out and poised to fall a good 10%, maybe more.
Candlestick patterns show a bearish inside candle, fallowed by another that gapped down.
point here is that if this is still remotely bullish, there should be better patterns and signs of strength...
Price is facing bearish pressure and we could see a reversal below our sell entry here. Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish bias.
DBS, a big component of the STI (Straits Times Index) finds itself on an island (yellow circle)
This is precarious... a drop below the current support will result in a decent retracement.
MACD and Relative Price Strength already turned down... so it is held up with very little.
Be aware, beware!
