After the price tested the top of the "Ascending Channel" pattern on the daily chart, we can see the formation of a very nice Head & Shoulders.
This reversal pattern is pushing the price down and the probability is very high that we may see the price testing the support line of the channel again before moving higher or lower.
From the support area, the collected...
Hello Traders,
Today I wanted to show you a little bit of information to help you understand the market cycle in a Wyckoff Price Cycle. Richard Wyckoff was a world renowned trader from over 100 years ago who gained notoriety back in the roaring 20's. You should take some time to get to know him and his teachings. Here is an understanding of his development of...
- So after this new Chinese FUD about EVERGRAND, you should take your habits after countless "Chinese FUDS" :D
- This a Quick update without "Price Talk", but about the most important indicator in this BullRun, " The King Dominance ".
- So i explained a in an older analyze what happens when BTCDOM up and What happens when BTCDOM Down. so check it again here...
White line - H&S Neckline
Red line - Final target
yellow line - Right shoulder/Bear channel
H&S playing out here. Friday we sold to support . The break of support momentarily was a
MM stop loss hunt , as u can see we closed right back inside here. Being that we closed outside our bollingerbands and are at the bottom end of a bear channel I think Monday we...
Hello,
Welcome to this analysis about the TOTAL CRYPTO MARKET-CAP and the 2-day timeframe perspectives. In recent times Bitcoin already made some great developments and managed to initiate this main broadening-wedge-formation that has the ability to complete in the upcoming times. In this market environment now I discovered that actually, the total crypto-cap...
Summary: Omicron fears continued to drive a volatile week while investors tried to understand the impact of mixed employment data on Fed bond purchase tapering.
Notes
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
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Friday, December 3, 2021
Facts: ...
The dollar index is holding the top of the channel and could break to the upside anytime from here. If in the off case, the macro sentiment changes, the price could break back down into the channel.
BULL CASE
Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week.
BEAR CASE
If there macro...
CAUTION is in order as we may be bouncing off 92-year key resistance into a longer-term reversal point.
This is by no means a short-term play, but one you should monitor closely.
An update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading...
Has the reset happened:
NO
What is it:
The end stages of capitalism and the American Empire; and the shift to a new global order based on a concept of 'Happytalism'
happytalism.com
www.times-standard.com
We are at peak debt and peak growth- this will be reset 'Degrowth'
The new...
6 Tops, 6 Troughs, 12 Grinding moves up and down. How many to go, looks like it may go for 2 weeks to be exact December 14-15. Or, according to
many indicators we could have al trough in already !
FUNDAMENTAL ANALYSIS
Friday's mixed news release suggests that the FED may actually agree to a sooner QE tapering. We've all witnessed the impact of "fear" of Covid-19 in the markets and the new variant which seems to be more transmissible has showed it's claws in the market. A very conservative Powell has secured the seat of FED chair & we've heard his stance...
Western European stock markets finished trading on Thursday with decline. Investors continued to evaluate the risks of spreading of the new strain COVID-19, named "Omicron"
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Traders, if you like this idea or have your own opinion about it, please write your...
Might we be nearing a support area? Looks like we can drop clear down to around 15,500, even around 15,000 without damage to the longer term trend. As you can see in October we dropped below trend line support for, in what I'll call a false breakdown. Then the trend continued up into the trend channel. Might we see the same thing? TBD. Note, I am about 90% cash...
The Total marketcap is in a very very dangerous area....
in one veiw it is in the end of his chanel.
and also it is on his very strong breakdown point...
what you think about the futur?
Today we have a massives crash on crypto which can be often a sign of weakness on market.
Also with the risk of new major worldwide lock with the new covid variant omicron it will be a excuse for next crash.
I see a possible evening star on weekly.
Thanks!
