The tables have turned completely in the last 8 hours, especially our last daily close, when we saw an extremely short-term buy-back reaction on BTC, ETH, and most alts. We briefly retested sub $30,000 levels which have cleared most of the liquidity of an entire year, and it looks likely we'll now have a bullish move lasting at least a couple of weeks from here,...
As we can clearly see that the previous pattern was showing weakness in the price action and the bitcoin crashed. today with the price currently trading around 34200$ we can see that it's showing some strength and we can expect a bullish scenario from this level. good luck!
The dollar index has been quite weak at this current resistance level. I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames. The Setup is crystal clear the Wyckoff price cycle is over.
BTC has seen that final mid-term leg down towards our $34,354 mid-term support where it's showing some intra-day strength that could develop into a mid-term rally towards $40,000 if the bulls manage to gain strength. We're currently trading at one of our most important all-time key levels, especially while USDT dominance is approaching its all-time high...
BTC is heading towards its closet gap which is coming at $32900, which is also an important support level, from where we have seen a good bullish trend in the previous wave. The other two most important CME FUTURES gaps are at $46540, which BTC has to fill sooner or late good luck!
$BTC Daily Update📍 Thursday, May 5, 2022 -------------------- After yesterday's bounce on the FED rate rise and a perception of a less hawkish, today after a few hours of deep thought, traders have formed a more lasting near-term view that the Fed is far from dovish, has let inflation get out of control, and is still poised to dramatically slow down the economy...
Just hours before the second (and perhaps the most significant) monthly close of the year, we see BTC explode nearly 14% more in the past 24 hours. This is one of the most powerful moves Sentiment has exploded to new yearly highs after being in a bear market for several months. This explosion of sentiment is likely to become more evident in the medium and long...
Mid-Term: Neutral Short-Term: Neutral -------------------- The sentiment is currently tilting towards the negative, as bears expect to visit way lower levels before any bounce but as we said the scenario is not in play yet, after the previous bounce from $36,400 one of the clearest bullish advantages on lower time frames. If we do see a break and close on higher...
At $38k is very strong support the price bounced it looks like a retest of the falling wedge in the daily time frame. Now BTC is currently trading above $39k but still don't be much bullish. First, we have to break and hold above $40.5k for further bullish movement. Stay safe!
The Exchange Traded Fund ARKK is now trading above a key level in the market, which might give us a possible rejection at 61.18 below this key level is an attractive buying zone according to previous year price action after the COVID-19 crash consider this as a long term investment especially while buying this dip but wait for a bottom confirmation pattern...
NATURAL GAS is trading in a bullish trend and now it's retesting its channel support line I expect either bounce at those levels or liquidity will be taken and we will see a retest of the midterm point of control at 3.438
in the weekly chart we see on the previous weeks after retesting our midterm support level at 33k we bounced and kept the momentum for two weeks straight now the price is consolidating in between mid term highs from last week we must break above or below the range once volume starts building up to have a clear mid-term direction bulls are still holding a...
$FTT price broke above the upper trend line and retested our resistance level My key level is 36.13 which I see as a good demand zone but might take longs as well above the resistance level!
Mid-Term: Bullish Short-Term: Bearish -------------------- The higher the alts market cap goes the more money flows into altcoins besides Bitcoin. the structure on lower time frames shows bullish momentum with the current 1.06T $ in MarketCap is we lost this level due to weekend low volume i expect we dump into 958B or retest our PML (Previous Month...
Mid-Term: Bullish Short-Term: Bearish -------------------- Sentiment has turned neutral and slightly bearish on lower time frames, which has been increased a bit by our weekend trading volume (the lowest we’ve seen in months). This means that depending on what we see over the next 48 hours and around our weekly close, we'll determine our next big move. For Now...
As we can clearly see the USDT dominance chart is getting rejected at the major resistance 5.00% Level USDT dominance going higher USDT pairs dumping USDT dominance down = money flowing into ALTs
The price might keep dipping to the 40k-37k level during these market conditions. Wait for a bounce then load your bags from the yellow zone. Stay safe. Thanks for your time!
Retesting its daily support looking for a nice pullback to its midterm resistance. Are you in or out !