The breakout needs to be tested. $20102.02 is the support under test today. The center remains the axis of oscillation. Only by taking hold of the center for 24 hours could the price reach a height of $23780.49. When intraday support is not broken, it’ll hold up on the center several times. Otherwise, it’ll break down to $19600.41. The market expected...
In June’s masterclass I suggested the bottom of the crypto market wasn’t yet in. Since then a 40% mid bear cycle pump was profited from. Now we have a situation where volatility on the BBWP is at one of its most contracted states ever seen. Which heavily suggests a huge macro move pending. The world’s markets have been propped up for months... from Evergrand in...
I believe it’ll follow the following pattern 1. Touch 18.5k 2. Retest 23 and 26k 3. Hit that 12.2k mark 4. Touch the 17k resistance 5. Another move down towards 8.8k 6. START OF THE NEXT BULL MARKET 7. Will touch 84k . Not a financial advice .
All the resistances are diverted downward. BTC keeps chopping. BTC runs in a narrow range, formulating a consolidation before a breakout. Breaking up the first intraday resistance for 4-8 hours will the chop come to an end; breaking up the 2nd intraday resistance for 4-8 hours will it gather more strength. Breaking down the intraday support will the price fall...
E've been comparing recent BTC capitulation and now accumulation at the lows with the one in 2015. They are very similar in accumulation structure as well a how deep both capitulations went. Don't get me wrong, i don't thing this is a true bottom formation like it was in 2015 leading to the next bull run, but only forming a local bottom that just happens to be...
BTC is about to leave the downward channel. If CPI is lower than expected, it will jump out of the channel; otherwise, BTC drops and prolongs the movement within the channel. Strength is contracting, cultivating a breakout that is likely to happen upon the release of CPI. Yesterday BTC ran between the speculative area at $18798.44 and intraday resistance at...
BTC is about to leave the downward channel with the highest slope. After that, the trend will develop into new patterns. It is likely to keep fluctuating based on the current data. Strength is contracting, cultivating a breakout. $19882.81 is still a battleground, the price will oscillate around it, today concentrating between $19109.09-$19882.81. (breaking down...
As you can see each time we reached the first week of October we dropped a few times before going up But there are a few exceptions to consider. October 2020 up until 2021 was a year of stimulus checks. Many people who got them made sometimes more with the checks than their actual jobs. The last major rally was due to many factors. One major factor was Btc...
An unpopular opinion I have is that inflation has already peaked. Just as the Fed took too long to raise interest rates. They now appear to be raising the Federal Funds rates too high in their attempts to mitigate runaway inflation. For being such an unpopular opinion - it is oddly evident almost anywhere you care to look: Freight Rates have dropped 8.2% y/y...
Hello Fellow Global Investor/Trader, Here's a Technical outlook of the US Government Bond Yield! Price Action Analysis US 10 Years Government Bond Yield ( US10Y ) has rebounded on the bullish trendline. Simultaneously, US10Y is forming the flag pattern which may indicate a continuation of the prevailing bullish trend. As Traders, We can look for other...
BTC broke the key support last Friday. We mentioned last week the possibility of a lower consolidation range if the recovery is failed. Currently, BTC is testing the final bullish support, which is crucial to the sustainability of the upward movement. However, sustaining the movement around this level range requires a strong bullish spring to break up...
It's hard to see the Eurozone fall into a recession. Currently, New Zealand seems like it will be able to avoid the same recessionary risks as a result of a global economic slowdown. The pair has broken below a strong level of support turned resistance. The pair has bounced above this level since 2017. It's easy to see the pair move lower HEADWINDS TO THIS PLAY...
Hello everyone. USDCNH has been moving sideways for the past 3 months until the weaker-than-expected July economic data released this week. In addition, the unexpected rate cut to MLF gave a boost to the pair. The offshore Chinese currency fell sharply against the dollar by over 700 bps. Now, it pulled back from the previous high around 6.83. Technically, the...
The connection between traditional finance and crypto is more closely linked than ever before as institutional demand for our treasured asset class rises rapidly. Last week we saw BlackRock, the world’s largest asset manager with approximately $8.5 billion under management, endorse bitcoin by offering a spot bitcoin private trust to their U.S-based investors....
Hey guys, I recently entered into 2 long term trading positions on GBPNZD. And, as I usually do, I took a couple scalping positions as I monitored the market waiting for those two positions to initiate. You can find the other publishings down below in the related ideas section. Also, this is a scalp trade in my opinion, which I discussed my thoughts on these...
The daily NASDAQ hasn't fallen below the 900d MA since the Great Recession. Leading up to the Great Recession, there were 2 traps on the NASDAQ (one pushed the 0.38 fib and the other pushed the 0.5). When the second trap hit the 0.5 fib level, the NASDAQ crashed. In other words, it bounced off the 900d twice before capitulation set in. The current market saw the...
Simple technical observation, the trend line of SPY's highs this year will cross the 0.618 Fibonacci resistance on August 31st, just in time for September which doesn't have the best track record historically. Macroeconomic considerations: Russia's still invading Ukraine, China's puffing its chest at Taiwan, U.S. and China both have their own respective housing...
CPI was much lower than expected, which fueled a strong bull run for all markets except the USDX. BTC bounced from the short-term support and gathered the strength to challenge the resistance above. According to the strength of the triangle, the resistance today diverts to $24860.73-$24597.35. This resistance has become weak and easily broken. Short-term...