Looks like a good time to sell now that todays relief rally has played out. I think with upcoming FOMC forecasts we should see Bitcoin continue to decline.
Bitcoin is ready to resume downside after a relief rally yesterday. Take profit levels shown.
Ethereum (ETHUSD) is currently forming a H&S formation with clear resistance at 1380/1400. Take profits levels shown. Don't forget to follow me on my social media profiles!
APEUSD has broken through key resistance and is prepped to drop towards the take profit levels shown.
We have been taking full advantage of Ethereum and Bitcoin this week, and for Eth, it looks like the downside is set to continue. Be careful of the price breaking through towards the local resistance labelled. Keep an eye on price action around the TP levels shown. Check out the private analysis I sent out last night, attached to this analysis, below.
Bitcoin has just rejected off of a local Fibonacci level, expecting a continuation of the downtrend with TP levels 1,2 and 3 shown. Check out the connected idea, which was my premium analysis for shorts overnight.
XRP has had a wild day but may have overcooked it when it comes to price action and sustainable growth. From this there is a short opportunity present, however be careful of relief rallies to around $0.40 macro resistance. Smashed it last week, previous analysis attached.
Ethereum has managed to unlock further downside, keep an eye out for price action at TP1, TP2 and TP3
After a great week taking profits on BTC shorts, it's time for round two. Red zone highlights stop loss limits, and green zone highlights take profit zone. Keep an eye out for price action at TP1, TP2, TP3.
Keep an eye on the TP zones, XRP looks prepped to retest support and potentially break through.
BNBUSDT looks prepped to continue its downside towards 278 -> 271 -> 260 depending on the Fibonacci support levels shown.
ETHUSD seems capped currently and may continue to drop down towards 1500 / 1480, depending on what happens at the first take profit zone of 1550.
BTCUSD looks prepped to retest of 20.1k and may continue falling towards the current bottom of 19k/18k
SANDUSDT looks prepped to retest 0.86/0.85 and then potentially continue its fall from there towards target zones of 0.75.
Not even sure if I am going to write a description here. Dollar has been waiting to deadcat bounce since 2008. Ever since, the world has been a theatre.
Just publishing this idea to see what people think! Thoughts?... Not sure if my eyes are playing games or this is a wyckoff. Enjoy!
Bitcoin had a great day yesterday and managed to hit the 24k that had been forecasted in the previous analysis. Whilst this is great, today's price action suggests we are not out of the woods yet and could see another sell-off occur if we do not hold above 200EMA (red line). We are currently trying to find support at 22/23k, if we can hold these price levels then...
Just a quick update to let everyone know that the consolidation phase forecasted in the connected DXY analysis, has triggered and might already be completing. Here is a neutral scenario showing what might play out depending on the price levels shown. I expect support to be found and DXY to continue it's upside, however if we break below the zone shown then this...