DanteBouzas

DanteBouzas Premium

I am watching BTCUSD now that it has formed a Double Top reversal pattern. The 2 dotted red lines represent support and resistance. The solid red line in the middle represents the muddy trench or value area. The yellow circle down at support is the area to watch for a confirmation of a breakdown. The Volume Profile tool shows that there is a lot of volume traded...

DanteBouzas Premium

Volume is decreasing at the top of the range. A sign of a breakout in strong volume. Also, the volume is above average but is negative. Delta is negative and Cumulative Delta is decreasing. I believe the market is uncertain and it has to do with regulatory considerations and mining migration.

DanteBouzas Premium

On 13JULY21 bids started appearing at 30k where the price eventually ended up. That liquidity was taken and now the price bounced to search for more orders. This looks like shorts partially covering positions at 30k and waiting to reload at 33k-35k.

DanteBouzas Premium

I think now is a good opportunity to start scaling into a long term position for BTC This is my plan for a $20k investment if BTC goes to 10k

DanteBouzas Premium

I like Solana. It is looking strong and there are some key factors that could make this a long opportunity. 1. Price dipped down to low 30s and tested support but it was rejected. If you compare SOL to BTC price is about to break all time highs. 2. Cumulative volume turned positive in the near term. Volume vs Average Volume is increasing as well. I am waiting for...

DanteBouzas Premium

IS there a buying opportunity in XLM and other cryptos coming? Last night I got a buy alert signal from my Tradingview Strategy and when I woke up this morning most crypto was green. I took a look at the XLM daily and noticed that there is a higher probability the market will retest its previous highs if price closes outside on the green lines. We are looking for...

DanteBouzas Premium

BTC sold off and is hitting a crucial area. Many buyers of the breakout in DEC20 that kept adding to their positions might be under water. There is a 40% difference between price and the anchored VWAP from the DEC20 breakout. Supply has clearly exceed demand as of today. This is a good thing because now BTC is undervalued. This is an amazing opportunity for...

DanteBouzas Premium

Gold is pushing up against its 200 daily ema at the same time that it is starting to have a bearish crossunder. If it gains momentum to the downside this could push it back down below 1820.

DanteBouzas Premium

I am looking at US Dollar today. It has broken a major trend line going back a year or more. In April of 2018, it broke a major trend line and started a strong push-up. WIll that happen this time? Well, first let's start with a 3 monthly Linear Regression tool. I use 3 months for a trend. Pearson's R value is 0.6955 closer to .50 than it is to .9. This is...

DanteBouzas Premium

There has been a lot of talk of Silver lately. At the moment, Silver is interesting because it has pushed up through the middle of its range and volume has picked up. Follow the flow. It did sell-off after the push through 27.395 but that strong sell-off was stopped above 26.15. I consider 26.15 the value area, above it, we are above value and below it, we are...

DanteBouzas Premium

Every time the ROC of the S&P 500 volatility peaked to over 40-50, there has been a bounce in the S&P500. If this is an episodic and no trending volatility spike then as soon as it starts to drop during the session makes the probability higher for a bounce in S&P 500. Watch for the volatility today to give a clue about what may happen. the 30 min ES chart has a...

DanteBouzas Premium

Without a doubt, the trend on the S&P 500 has been bullish. Will this momentum continue and will it breakout the 3850s today? A bullish crossover in MACD and Relative Strength now pushing above 50 indicate the probabilities are in our favor. Fibonacci extensions suggest an upward target of around 3884. That is a nice 1.5R on one lot. The volume will show us...

DanteBouzas Premium

Last week's COT Report printed a non-commercial net positioning of 9995. 15414 positions were added to the long side and just 725 positions added to the short side. There has not been this many positions added to the long side in 4 weeks. I am curious to see as to where this leads us as technicals lean more to the sell-side and weather is indicating colder weather...

DanteBouzas Premium

COT reports show a net short of -4693 last week. Was there was some profit-taking last week? If there was, this structure could be a good place to revist sometime in the near future. This week started with a breakout. There are some key signs that confirm yesterday's breakout from the last week's profit-taking range. 1. a breakout from a trendline that goes back...

DanteBouzas Premium

There was a perfect setup going into the cash open on S&P 500 this morning with an excellent RRR. Once the price on the CD wave breaks the AB high, I checked my Magic Bars for yellow indicating a strong move and entered my first position. As long as MACD momentum was positive and RSI was above 50, the price vector was in my favor. So when the price dipped back to...

DanteBouzas Premium

I found this bounce odd. I see this kind of pattern all the time. Price comes back to the London trading session just for touch and then shoots back up. Any thoughts?

DanteBouzas Premium

Looks like we bounced off that Breakout area from Aug 03 where Volume spiked and price surged. the Fibonacci retracement is between 3.100 and 3.200, this might be a potential spot for a reversal back down to test lows or further. There is still downside risk. If it breaks this area there's a good chance we could go for the highs again.

DanteBouzas Premium

Can we push through the 3306-3310 level. If we cant, I'm looking at 3270s for a scalp able intra-day bounce. If we do, maybe we can buy some dips and ride the momentum up to 3331. This is an important moment for the market because if we break through we may find the money to move higher. If we don't push through and close above I can see this failure being...