The INDEX:DXY is hitting resistance of massive broadening wedge. Big move up or down coming. If it closes above the wedge line, look for it to climb higher. If it can't break through, look for it to retest the bottom of the wedge. If it starts to fall, stocks and Bitcoin will rally. INDEX:DXY COINBASE:BTCUSD NASDAQ:QQQ
Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge. Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel. If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move...
Silver is oversold and undervalued now. Falling Wedge broke upwards and started the bullish trend. On the weekly chart, the 21-day SMA will cross the 50-day SMA next week. It means a major bullish trend will begin with expected break of 676-day major Triangle. I also expect a big decline on Gold/Silver Ratio and DXY which is good for silver. Formed Patterns : ...
Trying out the trading volume on large gainers. My hypothesis is that since they had such high trading volume the previous day,It's either due for a retracemnt or extension and I'll determine that by what the technical story tells me. Fundamentals: This had a trading volume on Friday of 29.117M and on average has 7.296M Technicals: Gap In price movement, so it...
Like anything in the market timing is everything. Being a sniper with execution is essential and knowing when to enter a trade is important. Here are my thoughts on this trade idea... Fundamnetals: Highest Daily gainer on Friday with trading volume around 15.245M and usually its at 1.779M That's a lot of momentum and the next quarter point is the next logical...
✅Bitcoin started to pump after the approval of ETFs by the SEC , but the technical analysis zones are still working, and I showed you all the movements of Bitcoin in the previous post . 🏃♂️Currently, Bitcoin is still moving in the 🔴Heavy Resistance Zone($52,100-$45,800)🔴 and the bottom of the ascending channel , but I expect Bitcoin to make another temporary...
#BTC Dominance When BTCD goes down ETH & ALTs go up. The downtrend has now been confirmed, buckle up...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 When price started to trades inside flat, it first reached $44700 level and then declined to support area, which coincided with $41200 level. After this, BTC some time traded near this area and later rose to $44400 points, after which it made correction. Then...
Supercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the...
Gold weekly is in bull(Impulse wave already in move). 4H timeframe :: There is falling wedge pattern Falling Wedge :: TP : 2091.10 SL : 2013.39 D timeframe :: There is a swing and bullish flag. bullish flag :: TP : 2166.70 ...
After a downside rally caused by the completion of an ABC correction, we have now entered a new impulse. It started in May 2023 and has already seen the completion of its 1-2 waves, currently forming wave 3. At the moment, we are considering two possibilities: The formation of wave 4 < wave 1 < wave 3: In this scenario, we anticipate another impulse to complete...
Following on my previous bullish outlooks on the United Arab Emirates and Saudi index's I figured why not examine what's going on in other parts of the region. And lo behold Qatar also appears to be a major bullish stance. You can see the positive market structure and also a potential rising wedge in formation. Let's keep an eye on this index over the coming years.
NZDJPY broke and closed above a key daily structure resistance yesterday. The broken structure turned into support. After a violation, the pair became overbought and we see a correctional movement at the moment. The price is steadily falling within a bullish flag pattern. Your bullish confirmation will be a breakout of the flag's resistance. Let the candle...
stock market chart. On the Day that the UK government has authorised military strikes against Yemen. I take a quick glance at the Saudi stock and see a #HVF in progress. Saudia Arabia as version of the #UAE, as it reinvents itself is the investment thesis, if your morals allow. We can get upset about geopolitics But the war machines are powerful and keep...
Looking at this Bear flag on SPY. If this breaks down, we could see a 5 point dip.
Bitcoin BINANCE:BTCUSD continues to consolidate within an ascending triangle. Recently, the market was spooked by strong sell-offs, but, technically and fundamentally, nothing terrible happened. On the chart we see several important nuances: long shadows, ascending triangle, false breakdowns of local support zones, false breakdown of resistance, which is...
A similar descending trendline has already been broken on BTC, but it remains intact here.