#Crude Oil Update:
Crude is moving in Rising Channel,Which is bearish Continuation Pattern. Now it might bounce from lower Trendline,But probability of Rejection from Up channel line is quite high.Bearish Signs are reflecting across the board. Major support is 88.4.
#Bitcoin is holding $20800 strongly.Volume is also developing below this support.#BTC is consolidating near its major support for many days.A Bullish Hammer Candle is also generated.Which show’s that a relief rally is pending.
#DXY (Weekly Overview):
I am strongly Bearish after making Higher High on #DXY.Where as on RSI HL is Printed,which is strongly Bearish Sign.I m expecting a lil wick to $110.5.We are very Near to the top.After which a correction will start.Dollars Distribution is coming soon.
#BTC has created 3 bottoms conservatively. If Price one day close above white line then it’s confirmed bottom for #BTC .But if Price one day close below Yellow line.Then fall will continue.Fingers .
#Bitcoin Buy Signal Flashed:
It’s been long time almost 300 days.Hash Ribbons Indicator Generated a Buy Signal Across all Time Frames.Minors capitulation has ended. Its very important Historical signal after which market gains bullish Momentum .But it’s matter of Time.
#DXY (Dollar Index) Update:
Currently #DXY is bullish on daily.Which causes traditional markets and #BTC a selling pressure.Expecting a higher high from current level,due to FOMO buying.#DXY will easily breaks its previous high,Then a solid Rejection.
#BTC is still in Undecided zone.But Decision time is coming near. To gain Bullish momentum Price has to break $22K level with volume.Other lower levels are probable.This is no trade zone.We will see tomorrow a move in #BTC .
$XRP / $USDT Update:
#XRP is Nice coin with some use case.This Coin was bearish from several months. Now price has managed to Bounce from a support and Currently Trading near its Major Resistance.A cup and Handle pattern is also spotted.Currently testing support to fly soon.
As #Santos has made huge pump. Now price is entering in Bearish Territory.This token is highly overbought and bearish divergence suggesting that a dump is pending. You can re enter in minor to local support.
#Bitcoin is uncertain this time.
There are 2 probabilities.
Price might recover from major support zone and makes a V shaped Recovery.
Price might fall from major support zone and go for a double bottom Near $17000.And complete capitulation event