Another Lower High is confirmed on the EURUSD Monthly chart and could trigger the reversal of it.
If it gains 1.18 on the weekly scale it could test 1.19 and if it breaks change of behavior happens and the upside targets will be more probable. but until that, it is bearish with another Monthly Lower High .
NASDAQ has broken the Daily EMA21 and played out the Bearish Divergence on the Weekly (Test of the EMA21 )
No with this pullback we could say that if the Daily EMA21 breaks again, probably it'll test the 10800 Zone & if break EMA21 Weekly again in the coming weeks.
But until that Nasdaq is bullish and maintaining the weekly uptrend.
It could make a...
Today I'll be watching Weekly, Monthly, and Bimonthly timeframes and get trigger trades from a Daily perspective.
Bitcoin's weekly candle closed with a good posture and didn't break the $ 11500 level. also on the Monthly, it is literally an uptrend and $ 14000 target. But in the 2M it's still processing. If the 2M candle closes like this, the 2M timeframe will...
After Weekly close above $ 11600 now bitcoin caused a change of behavior on the weekly scale.
Weekly & Monthly Charts suggests a test of $ 14000 but in the ShortTerm, there will be some corrections and pullbacks.
For the ShortTerm, we can get $ 11800 as a pivot.
For the MidTerm, we can get $ 11500 as a pivot.
For the LongTerm, we can get $ 10800 as a pivot.
...
Finally, bitcoin broke its range and showed some life about it.
According to HVP and momentum, probably bitcoin creates a range between $ 10500 and $ 11500 . A Bullish Range for preparing for higher tests.
If a 4H candle closes below $ 10500 , it could test $ 10200 . and if that breaks, it could test $ 9900 ~$ 10000 . this 10k is a pivot level. So as long...
As you can see Weekly candles closed in a very good posture. next week the Monthly candle closes. And cuz of that every correction gives an opportunity for entry.
So the area between $ 1775 ~ $ 1826 could be a good buy entry for myself on Macro and Longterm Trend.
Gold can correct itself to Mid 1800 s and that could be a good buy for myself.
The Trend is...
As of the 10 years history of Bitcoin and Correlation between SPY or NASDAQ Indexes and Bitcoin, we could say that if bitcoin manages to range in this area, could actually be bullish for it.
the Nasdaq futures are at ATH and beyond so if these indexes are correlated with bitcoin, On the macro it could go up and break this triangle to the upside.
but this is...
After some ranging & frustrating price action, now Bitcoin is ready for a massive move and explosion.
Direction? No one knows.
If a 4H candle closes above MA 200 , it could test the $ 9600 , and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA 200 , it could build a Death Cross in the 4H TF and could trigger other...
After some heavy corrections due to playing out some divergences and negative momentum, now Bitcoin tested the 12H and 2D Golden Crosses. So far so good.
But the Change of behavior is when a 12H candle closes below MA200 and/or a 2D candle close below MA200 . that is when I say this is not a healthy correction and probably BTC will test mid $ 6000...
After some ranging price action, now the 12H Golden Cross and EMA21 tests are confirmed.
The 2D Golden Cross is on the way but not confirmed yet. As you can see MA200 on 2D TF is good support.
If a 4H candle closes below $ 8617 or wick below $ 8527 , it would probably test the lower support zone ($ 7800 ~$ 7900 ).
If a 12H candle close above $ 9070...
It's hard to be bearish if the BiMonthly candle closes like this. on the other hand, if the Monthly candle closes above EMA21 it's no longer bearish in the Macro and Long term.
But note that Bitcoin could test lower levels such as $ 6000 for playing out a Correction .
About that 2D Death Cross:
The first change of behavior was the candle close above the...
An UNCONFIRMED Regular Bearish Divergence on RSI( 14 ) is present. If price wick to $ 1707 the divergence will be confirmed and could current the price to EMA21 which will be on $ 1680 Horizontal Support.
It'll clarify by markets opening,
But note that the Gold has been a pretty powerful market and somewhat ' hedge ' in this world markets crash. So don't...
This is an Update for:
After breaking the $ 7400 , now BTC entered a range between the two ($ 7800 ~$ 8000 and $ 7400 ) Support and Resistance. ( 61.8 Fibo on $ 8000 )
The second test of $ 8000 is probable. BUT the 2D Death Cross is confirmed a long time ago and now the Price action tested the 2D EMA200 . I entered a short position based on 2D EMA200...
Bitcoin 2D (Golden/Death) Crosses case study shows that after these crosses, price action will test one or more EMAs to confirm the cross and Bots & Algos.
Will it happen again this time?
With every 2D Candle close, the momentum between EMA200 and EMA55 becomes stronger to the downside.
Meanwhile, Bitcoin could test the 2 EMAs but the change of behavior is when a...
Weekly CME has been closed bullish. A Higher High is now Confirmed on CME Weekly scale. Also an Inverse Head and Shoulders is present which its target reach to $12k on CME chart and which is an unfilled gap in there.
It's weekend so expect some crappy candles. But the bigger picture is building quite bullishly.
The Open Interest is also quite high that suggesting...
Bitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) .
The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and ...
After the Weekly close above the last prior high, the trend is probably going to be positive on the weekly scale for EURUSD. Also, the RSI and Hashem WaveTrend are Bullish.
Targets are shown with Horizontal Lines . (With white 200MA and aqua 89EMA moving averages targets)
