Currently todays market open has shown P action below the inner downward trend line and inner upward trend line. Currently watching P action to see if Bulls Vs Bears has the strength. Daily View: Published chart 4hour view above ^ Also see Gap for slight interest area if price is more bullish this week. 📈Support & Resistance📉* Support Levels 1st Support...
PM’s will look to follow gold's move on a break of its inner lower trend line discussed in the previous post (see link below) This will see Silver & Platinum potentially retest the inner lows trend line or dribble to the APEX. A break to the upside on Gold will see XAG and XPT see resistance at their respective inner high trend lines Gold: Silver: Platinum:
Gold has opened and moved to the downside $5 after open. For strength Gold needs to see the buyers push to resistance and punch through the R1 zone. A lack of this will see S1 Come into play. In wider economics keep an eye on USA, if these markets see a rise, Gold may fall and thus Silver and platinum. Will reassess Gold with a break of R1, the next few months...
Bitcoin has broken down to under the 9k mark. In 24 minutes at market open on the daily will see P action back in the major downward channel / under the channels upper trend line. This is sitting in a crucial spot just below the inception point of the inner upward channel bottom line. What does this mean?, well for strength bulls would want to have pushed...
This week will see Ripple running into a few trendiness from above. It’s just holding above the previous consolidation. Weakness will drill this P action into the APEX Area of Interest The daily open must hold this level or higher. XRP may sacrifice the push and settle for ground in the consolidation area. The push early in the week is crucial. See published...
Coming into the last week of May’s Trading ETH although currently positive might dip back down to close negative. Obviously for strength, this would look more bullish for the positive close. On the weekly we can see 5 touches of the lower upward channel trend line. Would like to see ETH push too close this weeks upper wick. Inner Perspective On the Daily we...
By the end of May who will be on 🔝? Currently XRP and Tether are having a dominance war Tether being slightly higher during the day, however now presently sitting 0.01% below. As a result of this just beware of the sentiment this will may create and opportunities that arise coming into this weeks trading :). Click baiting articles may swing a market. XRP:...
With around one week of trading to close out May, this ’may’be the week for Bitcoin to pop above 10k. So may the force be with you BTC >>> Outer Perspective Coming into Mondays weekly close/open the monthly looks to print positive which traders will look to keep in the green however some work from the bulls be done so they both print green. You have to...
P action sits just above the outer downward channel of price action after dipping below and testing the inner upward channel for the forth time. Today focusing on the daily and 4 hour charts; Inner Perspective (Daily Chart) P action sitting on a perch here again: Area of Interest Todays focus area: Here you can clearly see that P action is sitting on...
Simply watching which area will break first: Area of Interest Will look at this again in 12 - 24 hours to see if broken the the pink zones. P action needs to work out of the consolidation area on the left hand side. It’s a battle to the north but sloppy P Action below this point. A break of 0.202 will come head on into Resitance 📈Support & Resistance📉* Support...
Inner Perspective On the Daily chart ETH has seen three touches on the inner upward Trend line depicted below: Also note that some traders will look for a trend line like this, I tend to advise wicks as I like where price action has gone. However good to note what others are looking at for an insight of dominance: Area of Interest Moving into the weekend...
I pay homage on this day, 22nd of May, pizza slice in hand (pepperoni)... Laszlo Hanyecz, this slice is for you....
Quick outer overview and then more into the nitty gritty; Outer Perspective P action has fallen to 9088 settling below the outer downward channel and below 10k / ATH half way price point. Zoomed in More detail in the area of interest on here, simply depicting the outer into the inner Inner Perspective (Daily Chart) Focusing on the upward channel with...
Inner Perspective (Daily Chart) Bulls keep getting punished from their attack to 10k and this time a significant drop transpired more quickly to 9295’s. 6 hours ago 40 BTC was moved from a possible Satoshi owned wallet which is causing a stir, alas most will forget about this flection by the weekend and it will be imbedded in the history of the charts. See below...
Gold looking to pop or open into the APEX and GO Silver holding within upward channel Platinum also holding within upward channel XAG & XPT to follow XAU if it breaks...
Currently Oil is apexing and finding a resting spot over the consolidation zone below whilst hitting its head against resistance zone one (this is a zone of price and not a fixed price) I’ll leave the prior trendiness intact until weekly close as this market, although moved north, hasn’t given enough confidence. A push to R2 would show this. Oil has enough...
Mid week trading and the ASX has pumped a little above the consolidation fluff I wrote about for the last 28 days which is actually just good to see some movement in a direction. For strength this market needs to get up to the previous high market to have full confidence that things are changing. Aussie markets to get sucked up with USA confidence. Still dribble...
The following below remains, however S&P and DJI are testing the previous high. If these markets break this I’ve added a safety point on which I will deem these market have revered from the cover turmoil and it’s ‘business at usual’, the FED will most probably still have that money printer going Brrrrrrrrrrrrrrrrrrrrr though… VERY BEARISH if the following...