Bullish if it respects the flag. Bearish if it breaks below red and then tests it to find resistance. The next support will be the dotted blue downtrend line. We can see on the 4H chart a decision point is coming today. Based on the rsi/stochastic higher likelihood of playing out bullish with continuation to 4700s in the coming weeks. From past Fed meetings it’s...
When we see huge buyers come in like the ones mentioned realize that BTC must be sold first before price action flows up again. my suggestion is be patient, buy the dip after it retests low point. We are currently on initial impulse wave down. What do you think will happen? MY TA indicates downward break from white support line and from downward channel that was formed…..
Looking for a lower high and lower lows, a pullback into the imbalance, short towards $101 per barrel
Zomato is still in those phases where we need to judge this for more time, Not good trade for right time in my opinion, let's see it will go
$Sol has finished its scam to no where, hopefully the next pump will be off of a lot better utility instead of some silly NFT art that are truly worthless compared to their selling prices. They all sold you the dream here lol Still under a wave 5 sell off IMO
The last time stocks and oil prices started performing like this for months on end was prior to the 2008 financial crisis. If Oil prices have already topped, does this mean a precipitous decline is soon to come? Or, will markets simply shake this off? Not so sure. Inflation encourages people to return to the workforce, and even work multiple jobs to stay afloat....
looking at BTC we have created a double top as well as a lower higher, this coincides with a fibonacci retracement level, so we have entered a sell which is targeting around the 45155.00 Level which is a Demand Zone which I have identified, if you like my analysis, please share it with someone else.
Dot broke out of a falling wedge and a BOS (break of structure) occured when it broke out of a recent high changing the structure from a downtrend to an uptrend
#falling wedge #BOS DOT broke out of a falling wedge and change the market structure from downtrend to uptrend by breaking out of a recent high.
I think Bitcoin pushes down to sub $25k, this is due to a whole lot of macroeconomic factors which include the recession. Bitcoin is a risk-on asset and I don't see big investors coming into the market until it is clear where we are going. I think the Bear flag will be confirmed following a breakdown from $35,000 and this pushes the price to around $25000.
Like SPY, QQQ showed supportive price action around 8EMA on Friday's session but looking at chart I see a little different picture. QQQ is relative weak compared to SPY and that is not a sign of Market Power, because usually Nasdaq is leading the bullish trend. The rally ended @ 370$ pivot from 2'nd February and the price tried to retake his 200MA closing the...
SPY found some supply here, after a such strong rally, breaking downtrend and right above all moving averages, . Market needs to digest this move however this pullback looks constructive with Friday session supportive price action around 8EMA. Maybe price will need more time to consolidate here above 448$ area near 200MA zone before continuation or will pump...
Im bearish on GOOGL, 3 tops and 3 bottoms logged. .... Market direction is indecisive. Until Russia signs diplomacy things will get better. This war will cost us a recession if we don't stop it now... Rsi crossing downwards.. Market Cap increasing and trend line broken upwards. Not exactly sure what the cause might be for this.
GRT gave us a descending triangle of daily time frame as the bigger structure and gave us a break of the recent high on the smaller structure. If the price closes above the recent high we will be buying to the trendline and if it closes below we will wait for a retest and sell
PRO TRADER: Do you see the HISTORICAL EDGE? PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average. NEWBIE:... silence .... PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday. NEWBIE: And?! PRO TRADER: This has a significant edge for market. We backtested it since...
i think bitcoin is going to get back to, $45000 range, and it's gonna go to higher level again
After hitting all time highs of $3 trillion, we expect to see a minimum $6 trillion of market cap within 3 to 6 months. 10 Trillion dollars incoming. I’m a big believer that it will probably trade sideways after $250 trillion market cap, similar to how gold trades today.
#DYOR Dydx has been in an uptrend since it creates a higher highs and lows. There is a break of market structure on 4hr and daily TF. So I will be buying to the next support/high