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...
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...
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.
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
Friday, December 3, 2021
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.
Our price targets last week of 97.5 stands, price looks good at these levels if you can enter once market opens next week.
If there macro...
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:
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'
We are at peak debt and peak growth- this will be reset 'Degrowth'
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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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...
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.