📉 Daily Bitcoin chart review 📈
BTC volume drop to minimum. Price is below all moving averages, forming bear flag. Nothing in this chart is bullish except volume distribution, which hints dips were bought but not yet sold. I've also added trendlines to show where main zones of shorts and long orders hide - obviously above and below them.
What's next? Anything...
EUR/USD bounced from 1.117, but failed to grow above previous LH level at 1.13534. Now we have several potential bounce zones within this choppy market picture. First one is where price is now. Second lower at 1.12555 and so on.
Support 1.129 / 1.125 / 1.121 / 1.117
Resistance 1.132 / 1.135 / 1.137
GBP approaching support at 1.234. This will be a perfect zone for long. Build position at several zones - second at ~1.2296. Don't be a pussy - don't use stop loss here.
Targets are resistance zones above: 1.241 / 1.247
NZD show first signs of reversing from bear trend on grand scale. I expect it to come back to SR zone it broke out in the end of May. Strongest support at 66.3. Possible bounce a little lower or higher. Note that shorting in the same direction is not safe.
Support 67.6 / 66.9 / 66.3 / 65.65
Resistance 69.2 / 70 / 71.3 / 73.1
Long time haven't I posted GOLD chart. Meanwhile its moving sideway within strict parallel channel between ~1676 and 1747. Nearest support at ~1700, but should drop to the bottom of that channel as well.
Resistance 1730 - 1738 - 1747 - 1765
Support 1715 - 1705 - 1697 - 1676
📈 Dow Jones Industrial Index 📉
DJ closed small gap left after May 25th recovery rally. Expect it to drop back to 24800 support. If it hold, index will grow back to 25300-25500.
Long 248 - 246
TP 253 - 255
Bitstamp listing on June 17th and Protocol update next day promise some bullish movement for Stellar. Obviously a lot depends on BTC, but as it haven't yet lost a chance to test 9700, XLM can test 7650-7750 as well.
iExec has several upgrades coming in July and September. That should be a good reason for price to grow. Consider this trade mid/long term as below targets are for 20% to 70% profit. Worth waiting.
Right now moves within descending channel and now at the higher border of it. Either will bounce once again from 4900 support and breakout. Or pullback down to 4500 -...
Since June 4th XNS (next dimension of Insolar) can be staked at KuCoin Pool-X stacking platform. In 2020 Q3 they launch MainNet 3.0. Plus we have a clear consolidation at day chart. The only way is up 🚀
This signal will have stop loss, as we have clear bottom here without any support below.
This is my trade plan. Not a financial advise. Do your own research...
Altcoins are sqeezing into narrow channel (you may see it clear at Bollinger Bands at 1 hour). This mean that soon there will be some sharp more. Today chart favor small retracement after yesterday bounce. If stay above ~540-542, possible next move to 555 and above. If not, and it drop back to 532, midterm target 512-515
🛒 Support 542 / 538 / 532 / 528
Bitcoin haven't yet lost the trend, but its doing same dip as it did several times before, and as we know, the more times SR/trendline is tested, the weaker it becomes. So I turn bearish and recommend accumulation of short position by ladders from 9500 / 9640 / 9740 (if you haven't used wick to 10k zone, which was a...
If you are looking for the strongest support you can ever think of, it is the one USD/AUD chart is now at 1.420-1.425. Check month timeframe to see it yourself (or even year tf).
Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips .
Ethereum broke out triangle at day timeframe. Bull flag. Also it has double bottom at day timeframe. Two scenarios I see from here.
1) Either 245 support hold the price and ETH pump from current bull flag up to 265 - 275.
2) Or it falls back to 230 - 221.
In both cases bullish. I prefer to wait for retracement.
🎯 Resistance 253 - 256 - 260 - 265 - 275
Alts index chart has the same pattern as Ethereum (potential head and shoulders). So we either expect it to bounce from ~550-555 support, or dump lower to 540 / 525. I suggest to set long orders there and wait. Sell at resistance.
🛒 Support 562 / 550 / 542 / 538 / 527
🎯 Resistance 580 / 585 / 590 / 600
I traade this coin a lot. You may see by marked on chart, signals caught all the main moves. Now I'm giving a new signal. Buy zones last down till 850 so its DCA strategy without stop loss. Because I am sure this coin will pump again. But to be on a safe side, better sell at nearest resistance marked with red zones.
Dominance moves within descending channel and now near 65.45 support (comes from April). Be careful as alts might dump upon dominance reaching that level. Probably that will be a temporary retracement, but equally can last for week or two. Better fix profits and set dip buys.
ETH met resistance at 254 and dumped together with BTC. Still within an uptrend, but possible retracement to ~215 support. That would be first entry for long. Next at ~205 and if drop lower, deepest support at ~175.
I'm bullish for BTC/ETH this year, so question is from how deep it will be possible to enter new bullish race.