Cardano enjoys a sweet dead cat bounce before moving further down finishing wave 5 (.30-.10) before moving upward towards ATH.
Headwinds to take into consideration BEFORE investing in what they identify as risk on investments:
Jamie Dimon's Hurricane Comment: www.cnbc.com (People should take not coming from Jamie, potential significant heads up)
We are living in very uncertain times. I wanted to provide a couple of view in order to understand the current market situation better and determine a strategy going forward.
So I have created a US consumer price indes YOY% chart.
We have not seen such high interest rates since the 1970s when demographics created a demand shock and oil embargos and Iran crisis...
When the market behaves unexpectedly and many people lose their money it is the best time to calm down and take a look at the market globally and historically.
Market Phases Theory comes from the roots of the Dow Jones theory of Stock Market Cycles. Basically, all markets are passing 4 constant market phases:
2. uptrend or markup
ETH is at local resistance + a high volume node, trying to break out and confirm an Adam & Eve bottoming pattern and continue it's macro uptrend. If it breaks above this area, there is lower volume above which means it will face less resistance if/when it moves towards the upper trend line. We're also seeing increasign volume on increasing price - also...
I made this chart months ago with a massive flag being printed on the macro scale. This is show on the daily here but is better viewed on the weekly. If this continues to hold up, we could see a major rally, heading into q2. IMO
This weekend's market is expected to be relatively quiet.
They will not produce large effects or move, and they will most likely not affect all pairings.
We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained.
This is the ultimate score of my previous three weeks; I'm not sure what will happen next weekend; I have a lot of work to do today... yet as I sit here and watch all of this, I feel stunder. I'm at a loss for what to say... is just untrustworthy.
I will simply follow up on the previous two weeks with fresh and stronger knowledge, which I will get at the Microeconomic Information/Fundamental Analysis stage of the process.
Things are rather straightforward; I don't need to say much since figures speak for themselves, and you can see my previous notion, which I have already shared...
If you see the same...
Lets not forget this little bad boi either!
Hidden divergence is indeed considered an indication of trend continuation, but have a look at the bigger picture here.
Eeeeeeven if BTC remains bullish on the macro trend, this confirmation of hidden bearish divergence could see a comparatively massive pullback. This would fit the "Expanded Flat" paradigm mentioned in...
The following assumption is quite simple. A close on the monthly chart on any investment instrument is hugely important, and the one we are going to have for BTCUSD in August could potentially dictate the upcomming macro picture.
After the peak in 2017, the market had simmilar reaction in which price fell relatively sharp, followed by an unsuccessfull rebound...
Hello everyone, rouzwelt here
Well we are seeing some interesting moves from bitcoin recently, as price managed to shoot straight up through 35k resistance level to 39k without any reaction from bears. If you have been following me you know that I've been pretty vocal about the general weakness in chart and the lack of demand and that these reasons may cause...
Based on my understanding of INDEX:BTCUSD macro direction, this chart shows the three significant parts of the market cycle:
- Forms a low after capitulation ( due to news, potential regulations, deleveraging on exchanges etc. )
- Creates a fast and parabolic run for several months ( diminishing returns each time )
- Market falls hard after creating a...
The last post was inaccurate.
According to this fractal, we could see another 40% growth before the panic selling begins. The fractal also shows us that this panic selling could begin in early-mid March. However, fractals tend to assume no external factors, such as mass adoption, could be at play - so take this with a grain of salt.
At the moment, Ehereum it's moving into this bullish channel that we formed in H4 timeframe. Waoh, so, as I cancelled so wrong my long position becuase as we see in the chart that Ethereum make descense of the price. Right now we have a great opportunity to bought Ethereum at $1,307 dollar. That it' my buy order limit. At the moment, I put again my buy order limit...
Looking at Basic Trends using All / Weekly for All Time Trends using Log Scale
Support Trend Line from 9/27/15 to 11/23/20
$20 k Resistance
Support Retracements at $6.7 k, $10 k, and $13.3 k
Support Retracements at ~33%, and ~50%, and ~66% from $20 k respectively
Support Trend Lines showing repeated vertical action with RSI @ ~85% at critical peaks