Just pointing out that we found a resistance, and ETH will fall harder then BTC, even though it´s probably just a higher lower to push a higher high again.
I sold the BTC I bought at 34k around 31700 when I saw that huge resistance at 42k. And that pattern is just hitting my head over and over, I can´t hold like that. If we break 42k an form a good support we could go to 43500 to test the 8 weekly, but I guess it´s just not a good risk reward trade, I just feel better waiting. And bart is looking at us...
We did not break all the resistances over that falling wedge jut yet. I am taking some profits as I see 2 scenarios: 1) S&P recovers > Btc will bump and run from the falling wedge like crazy 2) S&P crashes > BTC could test another lower level creating a lower low at 30800 or 28k we could go lower in a black swan event but I don´t think that it will happen with...
S&P is breaking that falling wedge just like BTC right now, I am in but definitely want to buy more on the retest of the support over the wedge. Have a great bull day guys.
Just saying, awesome for those that bought the dip like me, but pay close attention, the S&P os probably retest the 21 weekly average filling the gap from yesterday. When we reach that point I recommend to sell your positions and wait.
Dollar is going down while the markets are close, what market is open for it to go down so hard? Crypto If the dollar starts to go up again, run away from your crypto though.
Don´t get over exited over that pull back to the upside on the volatile markets. The dollar is already trending upwards with momentum, but we could have a good opportunity to sell the markets when the dollar finds that support. Have a good one guys and please leave your comments and likes, it means a lot to me.
We are inside a bear flag that leaves me 2 alternatives for tomorrow: 1) The S&P goes up to test the 21 weekly average and BTC test the top of that bear flag channel at 40k-41k If that happens I am selling the BTC I bought at 34k, as well as some small alt buys. Just to make sure. But if the S&P breaks the 21 weekly and starts to trend upwards over it. BTC...
I think it would be healthier for BTC to gain Dominance in the next days, short term TA points to BTC gain of dominance. But people could go into FOMO mode again and make it go to the downside pumping alts, which would be bad on my opinion. It´s all on the financial markets hand now, but seeing BTC.D loosing dominance is not a good sign, if we go to the...
Long Short ratio touched the under 1 zone in the past days which indicates lots of short orders made between 33k and 36k, if BTC manages to break over 38k and break that triangle we could see a huge short squeeze move to the upside, liquidating many on the future markets.
As the markets got extremely oversold last week, it is possible to get a bounce and retest the 21 weekly MA. The 56 weekly MA worked as support for now and we could have a good upward week ahead followed by another leg to the downside. Also, BTC and crypto are mirroring the S&P for now as well.
Sell the rumors and buy the news time. Inverse thinking could be the case now. You know what Analysts always say: Buy the rumors and sell the news. Well the rumors are bearish but the news could be a "not that bad news" and we could reverse bullish before you know it. An anticipated upward move could trigger another short squeeze as well. Not saying to go all...
Loosing the bull cycle support was my scape zone and I warned all my followers. I was late to sell, I waited for the break like my strategy told me to do, and I was late, lost 30% of my portfolio ATH. But when we loose such an important support there is nothing we can, unfortunately the global markets did not help BTC`s cycle in the end of 2021. This not the...
I wanted to short but it is dipping so hard with no breathing that I was not able to do so. But if we retest 37400 as resistance and fail to break I am shorting (Not BTC, Alts with high long short ratio) Warning: Shorting is extremely dangerous, use Stops. This is not an investment advise. Since when the S&P lost the 21 weekly we arre globally under a Bear...
Let´s see how we are going to behave today, if we are able to find support over the 21 weekly we could have another leg to the upside. But be careful with the dollar.
The dollar is BTC biggest enemy, the loss of it´s value inflates everything, and live gets more expensive every time, but so does BTC. Don`t build your hopes up if the dollar keeps going up, we are close to historical limits monthly speaking but it could still go up for an year to reach max level for another dollar dump (market run) to happen.
I really don`t so since our level of convergence with the financial markets this last year was super high. But could it happen when is least expected and oversold after all? Sure it can, I`ll swing trade if we confirm that break. To the upside or downside. For me this is a huge control point.
With the dollar rising volatile markets are under downward pressure. BE CAREFUL RIGHT NOW! After the 21 we have the 56 weekly, and that one is far away. It could push the markets down big time.