USDT Dominance measures USDT market cap against all other coins. While not as potent as BTCD or TOTAL2, it can be a helpful indicator to know what traders are doing, as many of them use USDT over fiat.
Obviously, when BTC sells off, USDTD spikes. Based on a little TA, we might expect a relief rally for the market soon. USDT is basically at resistance, but it did...
This is an update on the indicators and concepts I have been watching for a couple of months now. I was hoping for the signal on the NVT to be apparent on the 1 day chart for an even better entry but so far that signal isn't as clear as the 2 day chart. In short, the NVT went into the green which is a position that for the last couple of years loathes to be in. ...
While we have been getting some recent relief on lower timeframes, bearish ideas still outweigh the bullish, unless BTC manages to break and hold above 40k.
The simplest and most significant indicator for further downside is that volume has gone down during this recent recovery.
On chain analysis shows that as of a few days ago, long term hodlers have been...
This area doesn't get reclaimed in the next day, I would say prepare for BTC down into the 30s, I have seen some analysis pointing to a retest of 30K. That would be ugly, but I can't rule it out just because it doesn't feel good. Great time to be advising friends, etc, who haven't bought any would be to start deploying small amounts of cash at these levels, and to...
Triangle is breaking out on the upside, waiting on Retest to enter a long position, there are always so many gaps on traditional markets hence I prefer to use Line chart instead of candlesticks for swing trading setups
will post a R:r setup in timeline once we CLOSE above the yellow trendline
weekly MACD is also printing bullish signal about to cross...
Short term trade, relief rally from the 0.618 retracing to the 0.5 of the move down.
1st TARGET: 0.413 - Take 60% off here, move stops to break even and enjoy the free ride on the house ;)
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical analysis is not about being right, it's about...
Would all the people waiting for a pullback please stand up!
As those who follow my analysis would know, i (and a host of other analysts) have been warning of the inevitable 2nd wave down that EVERY market will face at some point.
From the 1929 crash
to the 2000 tech wreck
~ May 15th expiry
~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up)
~ Delta = 0.50
~ Run 1x contract
Exit/ Profit targets:
~ Close above the swing high $287.50 = exit the trade
~ Initial target = $261.23 (38.2% fib)
~ Secondary target = $253.04 (50% fib)
~ Bearish MACD...
Hi, this is my second chart I've posted on Tradingview.
I beeeeelieeeeeevee... Bitcoin could see a relief rally here at the weekly 200MA (5.5k BTCUSD).
*Vol relatively average to past dumps volume data even though there's a giant spread.
*Sitting at a candle cluster with high volume.
*RSI at bounce downtrend range.
What would be a safe way to get in on a...
The SPX has fallen quite substantially, down approximately 8% over the last few trading days, but a relief rally may be just around the corner.
I would expect at best, a 50% retracement ($325) of the total fall, but being more conservative never hurt anyone, so a target of around the 38.2% ($322) fib level would be quite a feasible target in my opinion.
Price action in the MJ Sector are known for their extremely quick movements and the euphoria is short lived as retail traders take their profits. A quick and massive short squeeze plus hype from overall market sentiment is what it will take for this movement (Since much of the traders of ACB are retail traders). Historically it has done exactly just that.
Hello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on.
We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators.
We broke our 1st resistance point at 8290-8300, next possible resistance is 8800,...
We are still in the bear channel, with the 50 EMA (Yellow) slowly getting father away from the 200 EMA (Blue). Price seems to be slowly fading to the down, with a possible falling wedge forming, which could give us a relief bounce to the upper line of the triangle.
My short setup is still in play.
Eyes open and safe trading folk.