Gold has been on a short-term downmove for a long time already and has barely recovered from the losses from it, unlike the stock market and the crypto market (already at early highs).
We need to look at the big picture which is trading upwards on a channel that is holding up quite nicely along with break of structure to the upside of the descending...
We've seen the rejection off the 21 Weekly EMA which has a strong support for the bulls, if you scroll left you will see how strong this is.
Support and resistance flip has been really strong and will continue to hold 10K for now.
Close this week above 10400 and BTC is off to the races, with the trendline that's broken serving as support now here on...
The weekly timeframe is still technically bullish and I don't see us going that down sub 10k in which case I will be bearish below $8700 on the recent daily low made. Above 10k there is plenty of support eventough we closed the daily above it, the bounce from 9.9 on Bitmex and 10005 on Coinbase is enough for me to think that the bulls are not willing to...
HYPE WILL COME BACK
I sort of like this coin fundamentally already.
Got in at 4.2 level during the dump while Binance was down (used my phone to do it at market price).
Tomorrow is the distribution of Cdc (cryptocom)'s Syndicate of OMG, in most cases thesee coins go up after this event.
Keep your risk managed,
Higher highs higher lows, buying opportunities are welcome !
Still awaiting a deeper retracement of Bitcoin to reach sub 11k levels, and take longs from there aimning at the all time highs.
There is significant structure to support this price levels, broken trendline and even a 50% fib retracement level from 8.8k
What do you think? Will it give us...
Bitcoin PA has been quite corrective recently, we tried pushing up today with a big rejection of the $11600 zone and Jerome Powell's speach boosted temporarily the dollar up. The speach itself was about inflation and monetary policy, which remains unchanged and they enphasized, as they always do, that the FED will keep using all the resources it needs...
Welcome back to another analysis.
Weekly chart of Bitcoin, volume is decreasing over the past months, with price going up, showing significant dominance of bulls over bears, to confirm this take, I want to see increasing volume on the upcoming weeks/months.
I will be convinced that the bulls are back if we have a weekly close above 10.3-10.5k.
Welcome to another analysis this time it's gold, it's printing a long buy on the monthly and short-term timeframes,
-Above all short term bullish moving averages
-Recently broke out of a descending trendline, making higher highs
-Next monthly resistance target, $1900
Fundamental analysis we don't even have to talk about, Fed printer is brrr and riots,...
By now you should know how volatile Bitcoin and Stocks can be to the downside, even if you hold it, the chances are very high that you will recover if you're long from the tops.
-Bars pattern exactly matched to the day of 2016 halving, this is a interesting view to the price.
Enjoy the uptrend,
Ethereum on a very important point:
-Close to the golden pocket 61.8% retracement
-Weekly 50EMA support (Daily broken followed by further drop today)
Keep your risk managed.
See you next you soon.
Welcome back guys,
Fundamentals are at ATH on Bitcoin,
The technicals I see is we are on a CLEAR uptrend, if you're shorting or waiting I consider taking a look at these technicals first:
1st: Trendline broken and retested yesteday making a bullish hammer on the daily timefrime, which seems to be printing another one today adding more rejection to the...
Confluence for this trade:
-Trading above 50EMA 4H
-Fibbonachi level of previous leg
-Trendline not broken
Money trees doesn't work for crypto...
China is smart
Cheers for a good week!
Welcome back traders,
This could be an opportunity for the breakout traders if Bitcoin is to break the 8.2k level
Consider the following fundamentals as more reasons for smart money to be joining for the long run:
1.BTC is recently confirmed 0 beta asset
3.Hashrate continue to increase (currently at ATH)
4.Inactive addresses parabolic...
Welcome to another review,
Last 8h candle very bearish
At the moment we're trying to break it, what could be another false breakout leading to ferther bearish implications
Targets low's of fib levels
Rejection of trendline
Let me know what you think
Follow and like for more!
Shorting USD/JPY for the following reasons:
Prices trading below monthly fib levels of the swing (we're in a huge triangle)
Prices trading below weekly MA200
Prices tried pushing up today, failing to break the RED rectangle of resintance.
Failed to break the trendline
Fractals not pointed a LOW in the Weekly timeframe.
What do you think?