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Bitcoin - Where to next? An inverted H&S pattern? Or a big fall Reached the next specified zone We are now between two very important levels: - Level which "should be kept" 39-41k $. Merger of trend D1, maximum range of summer 2021, local minimum of September 2021, H4 200 EMA ,. Obviously, if / when retesting this level, the bulls must protect it to see continued growth and an uptrend D1. - The "must break" level of $45,500-46,500. This was an area of ​​consolidation on the way down and here is the annual opening. Note: D1 stochrsi is still clearly overbought. It would be ideal to retest $39/41k, reset overbought. However, it is also important to keep in mind the rise of BTC in September/October 2021. OH got to 60k without any D1 correction. Keep that in mind in case we see something similar. I will not complicate what was written a few days ago The levels indicated on the chart for the last few days: - Local support (LTF) = $43k and H4 trend, - Resistance = $45,500-46,500, - Main support (HTF) = 39/41k$ - 39/41k$ if we break through the local support of 43k$. - $48/50k if resistance breaks. I wonder if we'll see alto moves like last weekend? 🧐
Long
by AzurTrade
BTCUSDT Update - First $43000 then $26000?Hello trader, today we will talk about bitcoin Let's start with the fact that we warned about such a decline to 35000, we warned that there would be an impulse price decline and also that only a few guys can and can short this market. You can find these posts in our.... Now our team of analysts is disassembling this tool for one purpose Having analyzed Bitcoin on all timeframes, we assume (this is not financial advice) to open positions against the current of the market (open long positions) Why ? The Internet began to discuss the price drop to 20,000 Yes, this is logical - uh, this is a very likely scenario. But We broke the level of the Head and Shoulders pattern - where the price DON'T returned to the level of 43000 (did not happen) The second factor is that the cluster analysis indicates increased volumes in the delta. (buy) The third is psychology (Most traders and small speculators are already accustomed to falling) and set short stop losses at 1-2% of the entry into their short positions. Thus, the market can grow impulsively due to the same stop losses. The fourth factor is that the price has covered one of the big gap formations (in short, the price gap has been filled) The fifth factor is the narrow channel in which the price is located. The sixth factor is the fear in the market to miss the bottom of the market, everyone wants to buy cheaper. But lost profits will be bought at 43,000 - where the market will be lowered even lower. Given the non-recoiling fall, we expect the release of one good news where the entire market will be raised by several hundred billion dollars Also considering all target CMEs on the exchange our team expects this outcome.
by AzurTrade
Inverse Head and Shoulders in Stocks??Stocks have dipped, testing lower levels in the 4600 handle. We found good support at 4632, but are witnessing some volatility here. We may be seeing the formation of an inverse head and shoulders with a neckline at 4668, one of our technical levels which appears to be providing resistance. Several red triangles on the KRI have confirmed resistance as we have tested this level three times. The Kovach OBV is still very bearish, but if momentum comes through and we are able to break out, then 4693 and 4729 are the next targets. The latter level has provided prohibitive resistance the last time stocks attempted higher levels last week. We still have several factors weighing on the market including Covid recovery worries, staffing shortages, inflation and interest rates. If our inverse H&S breaks down, its a bearish sign indeed, but watch for support at 4580.
FX:SPX500Long
by quantguy
Why we Shouldn't Get Hopeful on Stocks... Just YetStocks are ranging at lows, after crashing down to the 4700's from highs in the 4800's. Sharp choppy trading established the current range between 4668 and 4729. Long wicks have tested the lows of this range, and the upper wicks seemed to make and attempt to break out, but a cluster of red triangles on the KRI has confirmed steep resistance at 4729. The Kovach OBV is still abysmally bearish, and does not seem to be showing signs of equilibrating (bottoming out). This could indicate oversold conditions and the fact that we may be in for an attempt at a relief rally. If so, we must break 4729, then the next level is 4763. The next level down is 4649 if we sell off further.
FX:SPX500
by quantguy