On the daily time frame we can see 2 bounces that currently hold as support.
The ATR indicator hit a recent low since months in volatility. Which gives room for possible new upwards volatility to enter because of the double support bounce that is holding COVAL currently.
(This is not financial advice, this is a volatile market where anything can happen).
I drew the original trend line back in mid 2017, as you can see, we had exponential growth, and of course the winter crash.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from...
DXY Dollar Index
The dollar never quite reached the upside target here, falling
11 points shy of the 95.15 line before it was met with the
most determined selling pressure we've seen throughout the
entire rally from the lows. And although it's rallied from the
94.01 support line it has broken below the lower parallel now
and so the 6 week-long 6% untrend is...
Must apologise for rubbish call yesterday and no follow up.
Was expecting a period of light relief over the weekend. No
such luck. The spike that came shortly after the match had
finished was a big one and the ensuing rejection period
flipped Bitcoin straight back down to the lows again and
triggered a short from 7399 as it broke below...
WTI USOIL Week Ahead
WTI has fallen away in a straight line ever since the short triggered
on Thursday and is now around 390 or so pips to the good.
It should fall away a little lower still, towards the first
support line at 67.22 and can spike down to 66.48 at likely
lowest before it starts to bounce away to the upside again.
Look to close out at least half...
DXY Dollar Index: Consolidating recent gains
The dollar is consolidating recent gains after reaching a high at 94.06, some 14 points shy of the medium target here. My
bad and not a fault in the chart, as there is old resistance at the 94.03 level from the end of last year, as the chart clearly
shows. Sorry for that.
Anyway DXY (and USD pairs) look like they...
This is meant to be a very simplistic and rough view of how BTC will move for the rest of the year. Actual peaks and troughs are chosen from current and potential resistance/support areas. The timeframe of these movements is estimated--give or take several days--with an end year goal of $25,000. This is a conservative estimate. Bulls may come in sooner and...
Be Aware Of THIS Scenario
Should we actually break down, which is very possible, then do not panic!
I see that in people who act emotionally, again and again.
You are selling, Bitcoin is actually going down $400-300 and you are thinking that it will fall more.
After a few hours you will see that the price is back above your selling price and that's how the...
Possible Cup and Handle formation happening with Cardano. Macd cross on the 1h frame is happening.
If bitcoin keeps momentum steady to 7k. There is a good chance we could see growth.
(This is not financial advice, this is a volatile market where anything can happen)
Alphabet has two habits: it makes significant double tops
quite often (3 times in this 2 year bull run so far) and when it
creates a gap at earnings season it usually comes back to fill
that same gap around 4-5 months later - and when does this it
tends to do it twice, creating double bottoms as well as
double tops. This is the one stock amonst...