The second day of the week started with some breakouts from $45K, which has been one struggle zone for many days already. Now that we have broken that zone and resulted in another big green candle (which lately has been common), we have entered into the "Extreme Greed" situation with the marekts!
Only based on that index can we assume that we will see a drop, but...
On the 4-hour chart for Bitcoin, we've got an interesting setup developing. The price is teasing the upper boundary of an ascending channel, indicating a strong resistance zone around $38K. Despite recent attempts to breakout from this level, BTC is struggling to hold, signalling potential exhaustion among buyers.
With all eyes on the $38K zone, a confirmed break...
Trice is hovering near the 100 EMA and the lower side of the trending channel, suggesting a potential weakness. Despite a recent small bounce, the Fear & Greed Index shows a greedy market, hinting that the bullish sentiment may not hold for long. This scenario, coupled with an overbought market, raises the possibility of a short squeeze or even a continuous...
With markets being greedy and prices being overbought, we are not seeing much bullish movement here (at least not for long). We are still seeing signs of turnover; the only question is, when?
As the surge of the $40K zone is increasing and it is acting almost like a magnet, there is a chance of having a shorts squeeze near this zone, but as soon as we reach it,...
Traders,
We're going to talk about this bear flag on Bitcoin. Will it play out or have we reached a bottom. 29k continues to hold us for support and that is good. The dollar looks like it's coming down a bit. Vix sideways. And let's take another peak at our new data point, the Nasdaq 100 above the 200 day moving average.
-Stew
Our Fear & Greed Index shows "Greed" - Sell Greed, Buy Fear
Our version of Fear & Greed Index shows "Greed".
The values on Fear and Greed Index range from -1000 000 (extreme fear) to 1000 000 (extreme greed).
The zones are separated as follows:
-500 000 = Extreme Fear
-500 000 - 0 = Fear
0 - 500 000 = Greed
500 000+ = Extreme Greed
It can be argued that...
Divergences play a significant role in trading. Here in the daily frame of BTC/USDT, the negative divergence is being diagnosed which can result in a sharp decrease in the following days. In addition, the Crypto Fear and Greed index is another important indicator that can indicate the amount of inflation. The amount of this indicator is 74 out of 100. It means...
Hello Traders 🙋♂️
I wanted to go over a valuable lesson in market psychology that I have learned repeatedly in my own experience. This is not an 'end all be all' strategy , advice, or lesson but perhaps an idea that you can take and make it what you want in your trading analysis.
Its really easy to theorize about markets and what they should do, wether its a...
Hey!
This is price action analysis for BTC.D (bitcoin dominance over altcoins).
During next couple of month there is an opportunity for short-term alt season, but we need to see all options.
So importance level are at 66.66% dominance, if price going to break one we going to see huge dump of alts, I can say -50% from current prices over couple of...
