Price hit resistances zones. Market looks weak. Down we go.
Let's highlight some heuristics on the chart. It looks like we have more downside to explore.
Based on historical bias it seems we are not over yet. Also important to pay attention to fundamental driven price levels.
Here's a different one. Is it possible we could see Bitcoin price equivalent of 1 ounce of gold? Austrians Economists out there.... throw the hate!
Assuming we are entering into a global recession with inflation going up, prices rising, jobs declining, unemployment on the alarming rise, business closing... do you think that Bitcoin could see such Monthly reversal (true bear market)?
The master scam hit resistance and apex of ascending trianglle inside the rising wedge. Correction as emminent. Possible target outline in green support zone.
Monthly RSI is under RSI(55) and price closing under HullMA(21). Strong confirmations after seeing those bearish divergences on Monthly. This time it feels more pain to come.
Sell everything. Market still showing strong technical berish signs.
Cardano (ADABTC) - Looking for green zone for an entry. If momentum developers into opposing direction, perhaps, an entry sooner. As of now... patience.
ETCBTC Weekly is starting to look good but Daily is telling we are not yet ready for optimum entry. It is likely to see the trend developing a bit lower to the HL and TL support zone for better levels and potential divergences.
Outlines some weekly and daily S/R zones for reference. Moreover, trend-lines showing price getting into near apex zone. We are at strong support levels. Going short here is definitely NOT the best play. However, longs also should be placed with caution right under support levels. Risk below 1-2% per position is recommended.
DJI and zones outlining potential ranges to go long / short. Once price get to these respective levels on Weekly it is time to look Daily directional setups based on Weekly zones.
SPX is looking tremendously bearish. Price heading towards Monthly price and rsi support lines for a possible bounce. If that bounce doesn't happen. I promise to light up a candle in name to all perma stock bulls.
Bitcoin has broken the compressing triangle near the apex and now broke the closest support line based on triangle lows. Oscillators also show broken structures. If short placed before breakout good. Stick to it - It is not yet time to exit since nothing suggests otherwise. But adjust the stop loss to decent level in case of surprising reversal (wouldn't be...
EURUSD looking now to reverse direction and test the upside of the trading range. Volume is visibly low at this levels in this chart. Divergence followed by a Convergence. Price action seems to heading towards potential iH&S breakout.
Gold seems to be developing rising wedge. In that context a short with a tight stop would be most logical play. Better do that now OR alternatively wait for breaking the price support zone and RSI.
NEO seems that is back in the Matrix. Volume increase on rejection. Clear Bullish divergences showing up. Once Price above the Hull MA (34) seems good chance to go long.
OK Ethereum Classic is one of those shitcoins looking in great position for possible long position. Would wait for one or two candles closing above the Hull MA (34) . RSI 5 and 13 showing divergence. Yes i know recent close is not exactly same level or lower but the geometry of RSI is too steep to not consider these. Volume increase on rejection also show...