Here we have a nice and classic pattern on the Bitcoin Futures (BTC1!) daily chart.
This pattern is a rising wedge which is predominantly bearish. When it shows up, it tends to predict lower prices.
Bull volume peaked 16-October, more than 1.5 months ago.
After this date, the daily trading volume has been dropping steadily. This signal supports the rising wedge...
Both scenarios would produce a higher low...
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It's been a while since our last update, I hope you enjoy the next.
Let's look at two (2) correction scenarios for XRP that might not play at all, since XRPUSD can grow when Bitcoin corrects and it can deviate from the norm anytime, any day but this is the general feeling as the...
A very interesting chart we have here, Altcoin project Wirex (WXTUSDT).
As in the title, we see 8 weeks closing green one next to the other, really strong.
We have the inverted triangle as a bottom formation or "V shaped bottom" pattern.
We can look back to 2021 and 2022 where this same bottom pattern produced a major bullish wave.
It seems we will have...
When I opened this chart the drawing was already there, which means that I published something for this pair recently... And yes, the analysis still holds today.
We can see Cardano (ADAUSDT) trading within a range that I labeled "resistance zone". It seems to be true, a resistance zone because the action became choppy right after reaching this level.
For my dear followers, readers and supporters, here is a quick update on Dogecoin based on the weekly timeframe (long-term).
Some of you are wondering what is currently happening with this pair, with this project, with this Altcoin. DOGEUSDT, Dogecoin.
While the entire market is correlated, it moves together, each of the big project can detach at anytime and...
Let's start with a question: Do you agree with the title of this trade idea?
" Bitcoin Is Headed Towards $180,000!!! "
Do you agree?
The Bitcoin network went live January 2009, after a major financial crisis... It has been growing since. Both, Bitcoin the network as well as bitcoin the Cryptocurrency.
➖ What does the future has in store for us?
➖ What does the...
No new highs in November vs May 2023, a lower high instead.
Gold (XAUSD) is likely headed towards 1900, it can easily stop and range for a few days at 1960 first. In the medium-term it can go lower. It is still early though, this is the first day red.
➖ October through November growing.
➖ Early 2023 bullish wave;
➖ Mid-2023 correction with consolidation ending...
Even though the DXY is set to grow it looks like an upwards correction, which can end in a lower high. Regardless of how this move ends, this index is currently pointing higher (bullish).
A bounce is taking place right after the 0.618 Fib. retracement level was hit, the golden ratio.
This level tends to work perfectly as support. This is supported by the...
Coinbase stock COIN has been keeping a very clear bullish pattern.
We forgot to track this stock when predicting Bitcoin's current bullish breakout starting early October . We looked at Gold, the SPX, DXY, the Altcoins market and other signals all related to Bitcoin but forgot COIN, which is another good chart to look at due to its positive correlation with...
Bitcoin has been doing great lately and after confirming EMA100 as support it is now moving back above MA200 or $28,000.
✔️ Bitcoin (BTCUSD) trading above $28,000 is ultra-bullish and this opens the doors for $31,000, $35,000 and $37,500 short-term.
There will be additional growth for sure but these are the targets now based on current price action.
The S&P 500 (SPX) had a nice run, it grew for more than a month from 27-October through 29-November and is now preparing to crash.
It hit almost as high as July 2023 but not as high, it missed this level by a few points, a lower high; bearish call.
Nothing special about the upcoming correction, the same as every other time.
It goes up and down, up and down, down...
Solana (SOLUSDT) grew for 322 days; From a low hit late December 2022 until recently (16-November). Total growth amounts to 752.5%.
I wouldn't be surprise to see a "small" and "healthy" correction develop here... Corrections have been ongoing through the entire move up.
Now, don't get me wrong.
Things can always change; Solana can move straight up.
But we look...
Daily trading volume is really high and green but to me Binance Coin is still bearish... Let's look at the reason why!
➖ The RSI peaked 6-Nov.
➖ Yesterday's candle has a long upper wick.
➖ Today's candle also has a long upper wick with a lower high compared to yesterday. This one can turn into a worrisome signal.
✔️ If the day closes low or red, it can indicate...
How would your trades, your positions, your portfolio, your balance, your Crypto be affected if there is a "change of management" in this exchange?
I've seen sometimes where funds become stuck for a long time while certain legal situations are clarified.
Sometimes a portion is lost, other times refunds can happen fast but with limitations...
What I've never...
The market moves within cycles and within this cycles we have waves.
We have up-waves and down-waves.
➖ Bearish and bullish impulses.
➖ Bullish and bearish corrections.
Bitcoin hit a multi-year low November 2022.
This low is followed by a bullish cycle.
This cycle contains both bullish and bearish waves.
👉 Total growth from the November 2022 low amounts to...
Last week the DXY closed as a "Shooting Star", a strongly bearish candlestick pattern.
Now, this pattern as it happens with many others needs some context in order to be of value.
For example, the Shooting Star needs to happen at the top of a trend, which is obvious here as the DXY grew straight up since mid-July.
The next requirement is confirmation and this...
Today is a good day for DYDX, for its traders.
Looking at this daily chart on the DYDXUSD trading pair, we can see a major bullish development taking place.
While DYDX has been trading above EMA50 and EMA100 for a while, just today it finally managed to move above MA200, this level has been working as strong resistance ever since DYDX lost it as support back in...
When a strong support level breaks, it is normally revisited but as resistance.
The market will test this level to see if it holds.
Tether Dominance moved daily below EMA300, MA200 and the rest of the moving averages.
These levels were working as strong support.
It is likely the index will move in an upwards correction to test this level as resistance.
➖ If it...