DXY Pops a High going back 20 Years! The dollar Currency Index has been moving parabolically for months and especially so since breaking out of its 1-month range around 100 Keep in mind this has been holding the markets down not to mention inflation being a huge factor Keep an eye out for a parabolic break if that happens watch the market move to the upside
BTC had a nice pump and 4hr close over 41k There are some Daily S/R Levels where we are at now but nothing significant has been backtested Still not convinced of a midterm reversal as we want the current 4hr to potentially test 40.7k at a minimum and close over 41k or higher for bullish continuation. Nice to see some relief finally after a harsh 2-week...
Key Weekly level tapped after an incredible dump from BTC that took us back into the previous range. The Weekly Support test resulted in a big bounce. Rember this is a bounce from Mid to Low timeframes being completely oversold High timeframes can still come down, Current down trend reversal is not confirmed Yet
Everyone wondering about the Dealers and Intermediaries adding massive shorts on the 29th of March. We can explain this from the very overbought Price Action as well as it being the end of Q1. This push accomplished the Q2 Open under the Q1
BTC Filled the gap and is now bouncing from the previous range highs great to see as well as many adults holding key levels without completely collapsing This has been fueled by the downside on Bitcoin Dominance and investor interest in higher risk / higher reward cryptocurrencies The short we were in from 48k (swing fail pattern) has played out perfectly and we...
BTC short squeeze to Yearly Open retest ETH and DXY quick look Yearly Open retested CME Gap is STILL in play both above and below current Price Action
BTC has been pumping absolutely wild in the past few days but with no significant high timeframe retracements. The interesting thing to note is how the price was pushed all the way down to under the Daily S/R at 47.1k before finally bouncing back to the mid 47k area. This push down into the Demand zone (A) which was created right above the all-important Weekly...
BTC had its big retracement for the day on Sunday 4hr flushed out late and weekend longs, but held the important level of 40.7k. ETH moved very similarly but rejected its monthly open Other than that just waiting for the NY open to see what the general markets are doing, other than that we are still in this high timeframe range.
The FOMC meeting was for all intents and purposes a neutral/positive result at least in the midterm A .25% increase seems to have already been priced in, we just have to wait until the end of the week to see if that theory is valid. BTC gained the Daily S/R at 40.7k with a great previous daily close and currently holding the level We are still center range in...
BTC on the Weekly timeframe is showing 3 weeks of shakeouts and with no significant gains or losses The weekly Open to Closes being as similar as they are telling us that it is very heavily restricted The FOMC meeting on the 15th and 16th of March will be a determining factor if the current market will continue or it all rolls over As we know the entire market...
Weekend Restriction is in play to the upside around 39.2k To the downsideownside we have the CME gap which will be important come Monday As well as the Daily Open You can scalp this area but we are waiting for Monday We are still in the Range and staying hedged is the key Don't forget the big FOMC meeting on March 15th and 16th
BTC not doing anything significantly since the pump and dump from Wednesday Look locally at the reaction from the Daily and Weekly Opens. Local liquidity is to the downside and Retail is 66% Long. BTC is still ranging and has been for 2 months These things rarely play out more than 2-3 months Market open today will be interesting hopefully we can regain...
Just a quick update and run though of BTC ETH DXY SPX and some Alts Yesterday's bullish news on Crypto from Biden gave us some relief as well as DXY downside so everything came back down. BTC is still in the range - 45k to 35k so trade it as a range DXY had the parabolic break which also contributed to the general pump Play the range, take local profit targets,...
BTC quickly swept the highs from yesterday but closed the 4hr under 45k This indicated a liquidity grab that moved price back down where we expected it to go Still targeting last weekend's CME gap, with some grind down over the weekend we would reset a lot of the higher timeframe metrics. If we get the same Price Action as the past weekend keep an eye on...
BTC Weekend consolidation create a CME Gap below us - Google CME Gap for more info on that The Key Weekly S/R is going to be the level we want to close the week out at. Looking at the overall market we might have some pullback and a quick Long Liquidity sweep to fill the CME Gap. Otherwise wait for a Higher High out of the Local level Until then short the Lower...
BTC Bull Run 2021 Phase 2 is still going on Now that we have been up only for a while this may be the time to punish some Longs. I don't think this is the end yet, and I think we can retrace heavily to 53.7k and even 50k without losing the overall bullish structure. That being said there are plenty of other Factors. In the Video: I go over BTC, BTC...
BTC had some really great swing failures leasing to easy short scalps. Still bullish overall but we are overdue for a correction. We can still hold 53 and be bullish perhaps even lower. Just be aware of liquidation slides to th downside as they can hard and brutal. We also broke the trendline support If BTC dominance increases massively as BTC dumps then alts...
Last 2 Days BTC has been on a Tear! After holding the 40 to 41 level (and the long stops) we pumped out dramatically on the 30th. What appeared to be a potentially bearish enclosing monthly candle ended on September 30th pumping hard causing general market indecision in what was already an overly bearish month. This bullish close actually pumped above the...