Since hitting an all time high in March, Bitcoin has been consolidating within a downtrend channel. the Price is currently oscillating between the 23.60% ($60’000 area), currently acting as resistance, and the 38.20% ($51’500 area), currently acting as resistance. The MACD is confirming that further downside potential appears technically viable, notwithstanding...
NASDAQ:TLT breaking out on an absolute and relative term to the S&P500.
Ho Ho Ho what do we have here... UBS monthly chart... with a breakout after massive 15 years base building process through a V=shaped spike, a double bottom and an inversed head & shoulder... next target CHF 35 ?
5 trading days to go before the close of the month... which means this last bearish candle that broke the current uptrend can still reverse... let's wait and see.. but currently it is quite bearish... adding the doji that occurred at the .618 Fibonacci retracement level (in red), the RSI not even reaching 60 before reversing and the MACD histogram starting to...
MACD (using histogram) bullish divergence. On Friday, the price broke below this level and coming back above it to confirm again this old resistance as new support and creating a hammer candle.
...a measured move targets 1.0615
Above $1700, the next target is near $2030, but with this bearish divergence setting up between the price and the RSI, I would not bet the farm just yet, some consolidation is to be expected, price needs to absorb overhead supply.
USDCHF monthly chart since 1982... in a clear downtrend... price just hit the top of the upper down trendline ...
Bearish divergence... Head & Shoulder... 10MA crossing below the 20MA... Can the current support hold or will the price breakdown ? The 61.8 retracement from the June 2019 low to November 2021 high lies at $165.
after a nice weekly shooting star at a Fibonacci extension level, NYSE:MA is marking lower lows and lower highs...
after a false breakdown...
and rolling over... good risk/reward area.
or is the price currently too extended = sideways pattern, recoil and then breakout ?