Just pointing out how strong ETH is behaving against BTC, bulls are strong not allowing it to loose value against BTC even in the harsh moments. ETH.USD is not in a bull trend but if you think about ETH.BTC we are setting up for a jump, let´s see how real that movement is if BTC dumps hard. Just to understand how ETH is a great investment to dollar cost...
Well it looked to good to be true, the dollar came back to an indecisive position. SPX needs to hold 4000-4100 to have hope on the bull side.
The dollar just broke the triangle and is probably going to test the 100 support. So, I am expecting a pull back for now, with high chance of further downtrend. Please leave your comments and ideas, also check my past ideas below. Good trading!
Vitalik´s project seem to be the strongest Alt project at the moment, considering all the fees and problems ETH dealt with in the last 2 years. ETH 2.0 is coming and I believe that people will try to speculate on it until the launch. On my opinion best token to speculate at the moment.
Only in case it really happens guys. But we need to be prepared. Right now I believe we are setting a pull back to liquidate some shorts, but 41k-45k range is hard to break through if the SPX don´t show strength. Let´s hear the FED news and take action today.
Looks like we are being tricked here, be careful with the shorts today, we could have a short squeeze before having more downside moves. Check my DXY and BTC analysis below as well. Have a good one, please leave your likes and comments to help me out sharing more ideas.
This is the most important graph to be looking at today. Fed´s decision could make that triangle pop to the upside if is bad news. And to the downside if is neutral news. Let´s see. Good trades to everyone.
BTC will try to test the last resistance inside that wedge. Breaking it could led the price to at least 40800 (Yesterday´s inside bar) Eyes open!
We have a high probability of testing the 40800 in the intraday, breaking it and testing 41k, 42k, 45k is the question that lies in the hands of the FED today. Big day guys
We are close to breaking the falling wedge in the short term time frames, but we need to break that 40800 on the weekly to confirm a break of that weekly inside bar we created this week, today is a big decision day, breaking the wedge is not a confirmation of coming back to 45k. 40k, 41k and 42k are huge resistances right now. Iff BTC break them and find...
The dollar did not break the 100 resistance, for now it could just be a wick to the upside. Tomorrow is the big day and only then we can have a confirmation. But, notice that the futures market has a lot of shorts, and when that happens we usually go up.
According to the dow model, a bear flag is disconfigured after 3 weeks. And it looks like this is the case. Even though we have a clear upward channel being respected on the weekly, I only see all that as a huge lateralization. BTC now have space to retest the upside of the channel again, trying to reach the control point at 52k maybe. But with the slow volume...
Even though the S&P is in danger at the moment, the megaphone pattern usually plays out in bottons or tops. The futures markets is full of gas to pump the volatility up and liquidated leverage traders before pumping or dumping. ETH is strong not only in USD now but also in ETH/BTC where it just found support over the 8 weekly moving average.
Just my opinion on this dxy graph that found a huge support over 99. This week could be a reversal week but if we don´t have strength to give continuation, markets could have a final leg to the downside. Not the time to be exposed with heavy hands. Stay in the dollar until we see a reversal sign.
BTC 8 weekly is at 41500, and SPX at 4440. If we are not able to break it and find support over it we could have another leg to the down side and this could be a bearish pivot to the downside for both markets. BTC could as break a bearish flag to the downside if it looses the 38k.
Those that followed that graph had great long term buy and sell orders, for now. Let´s see if history repeats again here and we have another dump to have some bullish trend in the markets.
The triangle could hold us up and bring the price to the so awaited control point of 52k. Where I believe we will have some big liquidations in the first try.
Since the price broke out of the triangle and came back, we then formed a bear trap. The bear trap could break now or later, maybe we could test the bottom of it and come back to test the upper side of the channel again. At some point I believe that if we don´t change formation that bear flag will pop to the down side. If we find support over the bottom of it,...