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The U.S. Dollar Index (DXY) has been somewhat consolidating lately in the past 2 weeks. Last time we warned that upon a pending Death Cross on the 1D time-frame, more pain would come: It appears that we caught the exact high before a new round of selling on the USD....
We only look at Bitcoin (BTCUSD) on the monthly time-frame when it is necessary to keep a long-term perspective and not miss the big picture. This is one of those times as the monthly (1M) candle, following January's hyper strong rise and impressive start to the year, is now testing the 1M MA50 (blue trend-line). This is a critical Resistance and last time BTC...
There are no major changes on our medium-term outlook on the EURUSD pair, as it has been trading within the (blue) Channel Up since our previous analysis, offering good intra-day profit opportunities: As you see, the price hit again the 4H MA50 (blue trend-line) and...
Gold (XAUUSD) is close to forming a strong bearish pattern on the 1H time-frame, the Death Cross, which is when the 1H MA50 (blue trend-line) crosses below the 1H MA200 (orange trend-line). Last time it formed this was a month ago (December 26). This is the first bearish signal on Gold in a long time and we are going to approach this by candle closings and...
Convex Finance (CVXUSD) is above its 1D MA200 (orange trend-line), having broken above the Descending Triangle pattern that has been keeping it bearish since the June 18 Low. Right now however, it is approaching the 6.000 Resistance level , which has been holding since the August 25 2022 High (broken only once on a candle wick). Considering also the weakness...
Are you still looking for reason that are behind Bitcoin's (BTCUSD) January rally? We have analyzed in the past a number of key factors that aligned perfectly and set the stage for this great start to 2023. On the current analysis you don't have to look beyond the USDT market cap dominance (USDT.D) for a driver to this rally. As you see on the 1W time-frame, the...
The Trust Wallet Token (TWTUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time since December 16 2022. With the use of the Fibonacci Channel levels we can identify the long-term bullish trend that the token has been in since its inception, unaffected by the 2022 Bear Cycle. Three days ago it formed a 1D MA50/1D MA100 (green trend-line)...
NZDCAD has turned sideways within a Triangle pattern in the past 30 days, showing the first signs of exhaustion on the incredible rally since October 11 2022. We don't recommend buying this pair anymore but instead we can short with high probabilities of success when the 1D MA100 (green trend-line) breaks. As you see on this chart, since 2015 every time the price...
The CADCHF pair closed yesterday above its 1D MA50 (blue trend-line) for the first time since November 08 2022. This is a bullish break-out opportunity targeting the 1D MA100 (green trend-line) as every prior time this break-out took place, the price always hit the 1D MA100 within the 6 month Bearish Megaphone pattern. Note that the 1D RSI being on Higher Lows,...
Bitcoin (BTCUSD) is displayed on this 1W chart alongside Gold (XAUUSD) by the black trend-line. The text will be short as the chart is pretty much self-explanatory. Every time Gold breaks its Lower Highs trend-line, BTC is past its bottom and well into its Bull Cycle, starting an aggressive rally. Right now Gold is dangerously close to that Lower Highs...
This is the S&P500 index (SPX) against the Volatility Index (VIX). We've charted VIX's Cycles since June 2020 where the bottoms are in essence alarms and signals to be on the look out to sell and take profits on stocks while the tops are buy signals to enter the market. Based on that model, VIX appears to be entering the rising curve, meaning that a sell alarm is...
Ecash (XECUSD) broke today above the 1D MA200 (orange trend-line) for the first time since October 08 2022 and is about to hit the 1W MA50 (red trend-line) for the first time in its history! This is a major Resistance cluster and with the 1D MACD in similar extremely overbought levels as the April 02 High, we expect a pull-back and retest of the 1D MA200 as a...
Tesla Inc (TSLA) broke today above its 1D MA50 (blue trend-line) for the first time since September 22 2022. This is a major bullish break-out on the medium-term as every time it did so inside the long-term Bearish Megaphone pattern, the price rose by around +27.50%. The 1W RSI is on a bullish reversal bottom pattern and as the price is also above the Lower Highs...
Celo (CELOUSD) is above its 1D MA200 (orange trend-line), supported by the 1D MA50 (blue trend-line) since January 12. With the 1W RSI on Higher Lows, the Bear Cycle seems over and will officially get confirmed after it breaks above the November 28 High (0.9225). We have already spotted two previous fractals that so far are very similar to the price action since...
This is not the first time we emphasized the strong correlation of Bitcoin (BTCUSD) with Yuan (USDCNY) and the Chinese Bond Yields (CN02Y and CN20Y). We made an analysis right in the aftermath of the FTX crash, indicating why those indicators have all aligned, paving the way for BTC's new Bull Cycle. As you see that happened and this time we incorporate the...
The Nasdaq index (NDX) hit today its 1D MA200 (orange trend-line) for the first time since April 05 2022. This completed the bullish leg we signaled on our analysis at the start of this month: At the same time, the price hit the January 05 Lower Highs trend-line,...
Dow Jones (DJI) held the dashed Higher Lows trend-line and rebounded, as we outlined on our last week analysis: That was on the 4H time-frame, now we zoom out to 1D where the index broke again above the 1D MA50 (blue trend-line) but after last weeks 34,390...
The S&P500 index (SPX) broke above the 1W MA50 (red trend-line) for the second time during the start of the Bear Cycle in January 2022 and the first after December 12 2022. For the past three days it is being rejected there, which makes it a strong Resistance, along with the 'Prior Lower High', which is the level we pointed out last week on our SPX report: ...
