- With Europe entering in to Recession as a cause of two consecutive negative quarters, a positive Price Action is a merely a relief rally that will be short lived.. Golden Zone is most definetely reachable taking into consideration the negative Macro-Economics events for Europe . Patience is a virtue . TRADE SAFE *** NOTE that this is not Financial...
- CRYPTOCAP:BTC has broken down the triangle pattern, as well having a Character Change on Price Action. It seems BITMEX:XBT will be headed South , to at least the Golden Zone area of Support in the short term. Post break down, Local Resistances are the broken S/R area and 200 EMA. Last Weekly Close , Altcoins CRYPTOCAP:TOTAL2 got their gains wiped...
- The Dollar Index TVC:DXY has a very interesting short to mid term time frame ahead regarding its Price Action and Decision Making Time ticking . Currently TVC:DXY is bouncing around a Big Middline S/R area of 100-106 Range. Both 'ANIMALS' have their fair share of Case, while for now, Bulls are more dominant on medium term while Bears have taken total...
2022 showed up to be a a very wild volatile year for the Forex Markets. A year filled with Turmoil events experienced by Fiat Curencies in the midst of a Broken Monetary Debt based System. In particular that of $EUR, it printed it's price action to as low as 0.90 valued against US Dollar . A re-visited old Level of Support dating back as far as early 2000's...
- Today, June 10th, 2023, CRYPTOCAP:TOTAL2 Altcoins are being smacked to the face with the least of shame from Bitcoin's Dominance ! CRYPTOCAP:BTC.D has increased intra-day at 2% with BITMEX:XBT dropping as much as 3.5 %. When compared to Altcoins CRYPTOCAP:TOTAL2 , Bitcoin's dump so far for the day looks not as bad in terms of % negative...
- Monitoring The Dollar Index TVC:DXY and constantly keeping an eye on its Price Action packed with Stories to Tell , is very important in your Trading Journey. TVC:DXY its ; The best Strategy, the best Signal the best Indicator Why ? Because it's a Dollar Story ! As the phrase goes : 'Paper Rules the World' And so it does, to the average man working 9-5...
Euro has broken down it's giant Weekly Bearish Flag , forming within the pattern an uptrend coming from the lows of 0.95 , dating back in September 2022. Having faced resistance at 200EMA *W (1.10) and printing a Doji at that particular Candlestick , signaling so, an end to the uptrend. A down-trend has been established, momentum of which, broke down the bearish...
BITMEX:XBT is fighting to maintain it's uptrend after facing resistance on 200EMA, with the nearest below support coming at 25.000$ Level Zone ; (CHoCH + 0.618 Golden Zone) Breaking the recent HigherLow at 25.785 $ will confirm more the Triangle breakdown and the loss of S/R zone. For now, this level is a small CHoCH of the previous low inside S/R zone of...
All Eyez on TVC:DXY ! The Fate of other Financial Markets is to be decided on X Date of Debt Ceiling Important Candlesticks prints on *2W and *W Dollar Index seems to been having stuck between the range of 100.8 - 105.9 so far speaking of 2023's Price Action However, with the incoming decision of Debt Ceiling this range can very well be violated on it's...
-Surveying TVC:DXY on 1 Hourly (tf) and it's series of Higher Lows. Breaking the Structure of recent previous x2Top and Resistance Trendline would nullify the 1H* Downtrend (Rounding Top) in terms of Price Action, with TVC:DXY heading Higher. A-B-C correction would Break Structure of Uptrend on more broader picture (higher tf) TRADE SAFE *** Note that this...
$APPL has well established its Throne as The Champions of Branding in this era of capitalism. When it comes to their Sell Revenues, their Year to Year iPhone updates and other accessories coming with salty prices at lofty figures come to help, as a result of theirs using the Apple brand extensively, trying to get the most out of it, and with no blame...
TVC:DXY testing today the Golden Zone of the last LH-HIGH fibbonnaci level. Lose 0.618, 103.36 incoming for The Dollar Index. Bullish momentum of 50 & 200 EMA Golden Cross would also act as Support coinciding with 103.3 level, in case TVC:DXY fails to close above 0.618 zone. Meanwhile CRYPTOCAP:BTC seems to have broken Character of 25K, with a Daily Close...
All you need to know about #bitcoin and where it's at , Fundamentally and TA speaking ; Fundamentally, there is a mixed feeling between Bulls and Bears. They both have their solid case ; Recently #bitcoin has been fueled in price by the Banking Crisis which is likely to continue, and Feds may be on no support of banks bailout, as the US Debt Ceiling has reached...
Big Move incoming for Dow Jones Industrial Average. AMEX:DJIA has created Triangle's Apex approaching the end . Note that this is a Neutral Pattern, it can go each ways ; Bearish and Bullish. (depending on TVC:DXY , Geo-Politics & Macro Economics conditions) For now, it's better to observe and stay sharp and await for further confirmations. Nothing is clear...
CRYPTOCAP:BTC.D is breaking the 45 degree trendline, indicating further downside around 45% mark . There it will find stop as support looking from the left of previous candleticks priny, as well the Red 50EMA coming from Below. If these two do not hold, then await for white trendline support if you want to buy Altcoins cheaper while adding them in to your...
Silver closed a lofty 7%+ in to last weekly close, putting it's price at 20.84$ per ounce. Corrections may be anticipated on the short term time frame. On the other hand, Macro seen on logarithmic scale, Silvers seems to be trading inside a bullish pattern (ascending triangle) which may take quite a while to break-out to the upside. Just found it interesting to...
Gold closed last week on +3.15 % positive momentum. Currently it's the last quarter of 2022, Q4. Week left behind was a week with increased Feds Rate Hikes and economic data of unemployment rate. Technically $XAU's rally still intact and poised for rallying higher in price on the long time frame. I guess that timeframe is no good when it comes to Peter Schiff's...
#Bitcoin has been sitting for a while at very good buying zones. Great Opportunities when it comes to long term perspective, considering Bitcoin as an asset of your portfolio to own. 2022 was a Year of Drastic Bearish Price Action for Financial Markets and Cryptocurrencies, wiping out all gains made since 2020's Covid-19 pandemic health crisis, in which Interest...