Bitcoin Back to Bullish Trend after October LiquitdationBitcoin is showing signs of bullish price trend and momentum for the first time since the mid-October crypto liquidation event.
Price has logged 2 green candles and working on the third which are the first green candles since October 9th, indicating a shift to bullish price trend. Price is also above the 8, 13, 21 and 50 moving averages with the shorter averages crossing above the 50ma, indicating a shift to bullish price trend. During the decline and consolidation over the past few months,
TDI
AUDCHF Short Setup – Peak Formation Reset IdentifiedIf we examine the peak formation high, we can clearly observe that three distinct levels of drop have already formed. These levels are especially visible on the H4 and H1 timeframes, confirming that a cycle has completed.
As we know, the market is primarily driven by liquidity and before any major reversal, the market tends to hunt stop-losses above or below significant highs or lows. For this reason, it's crucial to wait patiently for price to interact with the liquidity zone (typically just
MP Materials BreakoutMP Materials is benefitting from being the only integrated rare earth mining and processing site in North America. Trade wars heating up with China are a booster for this company which was already benefitting from having a new administration that wants to bring manufacturing back to the US and start sourcing rare earth elements locally.
MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going
SPY Channel BreakThe S&P500 opened and closed below the lower support line of an uptrend channel. This in itself is excuse to sell or go short, but generally you want to see 2-3 days of price below or above a channel before considering it a trend shift. Most likely first level of price support to watch for if price does head lower is $500. Nice round number and a psychological level for traders especially going into the end of the week. If bulls are still serious about the bull market they'll defend $500.
GOLD Full Levels Bigger PictureWith the soft landing, we expect the fall of GOLD yet investors are buying/bought before NFP as well.
From the perspective of SK System gold has beautifully tested the WC zone, and if the zone is respected the price has the potential to hit our profit zone, and if not respected it may continue to complete its sequence above.
From a price action point of view, Price hasn't been able to close above the previous ALL-TIME HIGH, weekly had a good close below the previous week, doji from the last
AUD/CAD Bigger Picture and Scalping ZonesThe bigger picture of AUD/CAD looks bearish.
The price is consolidating between the high and low of 1996 and 2001 as a major swing high/low.
After breaking a swing low in 2001 price attempt to break a high in 2012 has failed. Since then every swing of the price has persistently broken the previous low.
The secondary sequence has respected the WCL zone created by the primary sequence and the B zone created by the secondary sequence.
Hence, if the Tertiary Sequence respects the B zone, the pri
BTC Falling to new LOWWeekly, Daily, 4 Hourly
TDI indicator made 2 dow break down, ready to fall.
Entry trigger: Waiting 4h price dow break down, and on the pull back up, enter short.
Note: Dow break means structural break.
BShort
SMG Falling Wedge BreakoutThe largest player in cannabis without having the risk/exposure to the schedule 1 plants and cutthroat competition in the sector, SMG, has broken out of a falling wedge pattern with lower PPO and TDI indicators that are close to turning bullish.
All eyes/ears are on the Senate as a vote on Safe Banking for the cannabis sector is expected this month.
businessofcannabis.com
If approved this would clear a major hurdle for the cannabis industry for both long-term growth and the path toward fede
Bitcoin Declining Inside Downtrend ChannelI'd call it a bad day for Bitcoin, but when compared to the altcoins today Bitcoin is doing well. I suspect that traders are dumping their shitcoins across multiple exchanges as the SEC lawsuits against Coinbase and Binance have traders worried that their cryptos will be delisted, and/or that they might not be able to get their shitcoins or cash off of the exchanges.
Technically, Bitcoin was already declining inside of a downtrend channel while failing to hold above the 8,21,34, 50 and 100ma
my scripsi have made or altered the showing scrips.
TDI on top with minor and major shark fin alerts EMA cross and altered mid line cross alert.
mid has two verry modified scrips
First is Two BB 200 and 30 EMA or SMA with alerts and channels and KC channel pull backs crosses and exits for varying uses and William's vix fix highlights and 5 ema's engulfing candle with rsi filter and super trend
some are not show or turned off but are available
Second is SMC intraday and swing trading liquidly zone
Bitcoin Tops 200-wk AverageBitcoin has broken above the 200-wk price average near $25k and is now testing $28k. The current price candle is yellow indicating extreme bullish trend behind price.
The lower momentum indicator is still flipping bullish with green signal line rising above the 0 level, still waiting for the purple base line to rise above the 0 level for increased bullish trend signal.
The lower trend indicator show the green RSI line breaking out of its tight trading range between the 50-60 level, and is
Bitcoin 200wk avg Resistance at $25k-ish$25k has been the hard top in Bitcoin recently, with a nice floor being put in at $20k.
$20k price support stems from the high set during the crypto bubble in 2017/18 and has historical value. $25k price resistance is coming in the form of the 200-wk average, an average that Bitcoin has never closed below let alone trended below before in the chartable price history going back to 2011. Price being below the 200wk average is also historically significant.
The lower indicators are trying
S&P500 BreakoutThe S&P 500 has ended nearly two-month losing streak with a +6% gain this week, 4.5% of which came on Thursday and Friday alone which is a good sign going into a long holiday weekend. It means that traders are comfortable buying at current prices and are expecting the uptrend to continue next week.
As for the technicals, the SP500 has broken above a downtrend line(red) which acted as hard price resistance for all of May and the breakout this week is a sign that stocks are attempting a price re
Bitcoin Below $30k, Heading to 200wk AverageAfter failing to hold above the 100-week price average last week near $36,000, Bitcoin has now fallen an additional -15% from last weeks close and is currently trading at $29,200. Bitcoin is now nearly -60% off of its 2021 high of $69,000 and is seeing additional downside pressure this week due to the issues surrounding Luna and UST which is generating fear and panic selling in the broader crypto market. There is also pressure on risk assets due to the Federal Reserve raising interest rates la
S&P500 Below 100-Week AverageThe S&P 500 crossed below the 100-week price average at $3,995 today which is the first cross below the 100-week average since May 11th, 2020. The 100-week average acted as temporary support last week, but buyers were unable to hold that level on the first day of trading this week.
In the last S&P 500 update shared back on March 6th price was trading near $4,260, rallied for two weeks afterward to near $4,600, stalled out, and has now fallen roughly -6% from the March 6th update price level























