Hello everybody! I expect an upward movement in the short term, but $47150 is an excellent entry point for a sell (short) position based on: price action, premium Fibonacci levels, falling wedge targets. The first strong resistance is near $46200. Be careful, and don't forget about capital & risk management. Stay tuned for my future updates and more. Best regards EXCAVO
For the mid - term (1-3 months), I think the Bitcoin price will move in the descending channel . BTCUSD had reached the premium zone by Fibonacci for bears and felt impulsively by 20%. Following my global vision, which you can see in the previous publication, I assume a planned decline to 39-40K in the short term(till 1 month). Then there will probably be some...
Let's start with the fact I started making forecasts on TradingView a long time ago. Quite quickly (in a year and a half), I became the TOP-1 in the TradingView authors' ranking. This rating was removed in yearly 2021. They promised to do something more interesting. We've been waiting for a half year. The details are in this article: www.tradingview.com This...
BTC is struggling to cross above 50k. I size the time of the previous wave and found some similarities that can bring hope for the bull run to continue. There is a lot of down pressure at the moment and the price action is going down. there is a strong resistance just below 47k. I presume it will be reached very soon and let's hope it bounces hard one more...
The maturation cycle has four stages of an asset’s life. Stage 1: Basing Area (Consolidation) S1 is when nothing noteworthy is happening. It can last for an extended period, from months to years, and is caused by a poor overall market environment. Stage 2: Advancing Phase (Accumulation) The transition from S1 to S2 may begin with little or no warning. There are...
This has not happened for a very long time. Huge divergence. A significant drop in Asian stocks suggests a systemic selloff in global equities ahead. Best regards, EXCAVO
Universal Market Access (UMA) - A fast, flexible, and secure way to create synthetic assets UMA, is a protocol for the creation of synthetic assets based on the Ethereum (ETH) blockchain. Synthetic assets are a class of assets that represent different, underlying assets and have the same value. UMA specifically enables its users to design and create...
COVID cases continue to spike higher darkening economic reopening. The consumer data shockingly has collapsed recently - including consumer confidence last Friday and retail sales. Several stocks have also stopped reacting positively to good earnings. The inflation reports remain hot, and Federal Reserve taper talk is everywhere. Technically, the NASDAQ index...
After BTC not breaking the resistance of 41k we see a correction, I expect to enter the market at 38.2 -50% fibo. After that, if we break the blue resistance line we could see 42800-46800 Addresses holding between 100 and 10,000 BTC have just reached a combined AllTimeHigh 9.19 million coins. They have added another 170,000 BTC since 22 May and a staggering...
Amazon is looking for a Digital Currency and Blockchain Product Lead as the internet giant progresses with plans to bring its payments systems into the crypto age. Most likely, it will be a stablecoin. With intentions to integrate cryptocurrency into their platform, Amazon will join the team of Facebook, Twitter, Telegram, Mastercard, etc. AMZN broke its ATH of...
USDCNH in the descending channel. It forms the small bullish triangle and bearish ascending wedge inside. ☝🏻 More and more countries have trading relationships with China. It may: - make the yuan more and more popular; - put the dollar under structural pressure; - increase tensions between China and the United States. Best regards EXCAVO
Globally, EURCHF is moving in an upward channel. We had tested the support level and bounced off of it. Locally, we are near the resistance line of the descending channel. The accumulation process is taking place here. I expect further growth and maybe the formation of a potential Head and Shoulders pattern. Best regards EXCAVO
Hello Bitcoin update 21.06.2021 I still follow my previous analysis. We touched support line of triangle Inside the triangle I see falling wedge pattern RSI-Oversold Fear and greed index - 23 (Extreme Fear) We shorted last down movement And I see good level for swing trade Best regards EXCAVO