channel top, diagonal trend convergence. short it back to mid channel and wait market reaction
you know what to do; wait for convergence at the trendline and brave long into htf supply, juts watch for the wick down after ;-)
text on screen, this could be the local top whilst we cool and see if market wants the extended
everyone talking about bitcoin and stonks pumping but DXY being left in dark? i dont think so... 6% move for 1% risk, lets do this!
looks like we are extending wave 5 to full fib sequence. might see some steam let off around 14800 with a little dip and a push up again to scare shorters and appease bulls then we see the big nuke occur. careful waters here for all
1) diagonal trend line resistance (yellow) 2) weekly horizontal resistance (dash red) 3) bearish rising wedge (pink) 4) 1:1 extension from 2019 low to 2020 low 5) Classic ABCD pattern top at 127% (green diamond) BONUS 6) Covid20, Economy crisis, election 1 reason to be bullish - its volatile, its unpredictable, its bitcoin!
gaps do fill, i wont mentioned the $3500 one (oops), but these 2 up here arent miles away even if it took 6 months to fill these gaps will close eventually
target is on chart, send it
paypal news and price has moved up, looks like an ok place for some whales to offload
the dxy has created a falling wedge pattern that when broken will see some upwards movement. the bullish divergence and key level on the rsi trend shows that this is an interesting position for opening a long
should we ignore the rising wedge with falling volume? by all means we could push a little higher but some are calling ATH, i cant see it without a correction. correction being fall out the wedge and then restest the underside and see where market wants to go
pretty easy on monthly, downtrend is broken, another shot at resistance coming
wait for convergence on the diagonal break and long, closing above that previous wick suggests highs
must hold 3150 or we revisit mid 2s again. covid2.0 coming, lockdown etc...
3day diagonal trendline has broken, next candle to confirm but looks prime for a move up. bullish volume > bearish volume
you know what to do...
bottom of falling wedge on horizontal support with hidden macd/obv (and bottom bband). enjoy
3 interesting observations on the weekly $gvt chart: 1) obv/ macd for first time ever is above mean (blue arrows) 2) bullish divergence on #obv (yellow) 3) #ichimoku cloud has flipped green and rising