ES / SPX
ATH gives a bullish stance but looking for a correction / more consolidation first.
Looking to retrace to first stop @ 3630
POC for the current run up from 02 Nov 2020 is @ 3560
RTY / RUT
Consolidating below POC, if there is a close below 1822 a retracement to VPVR nodes is likely
First Retracement to 1800 (weak support) then to the next much more...
ADX and -DI are sloping down meanwhile a bullish DI divergence is taking shape (not shown).
Seems like a relief really can start quite soon, oversold conditions and Shorts near all time high could encourage an explosive rally.
However as per my analysis of two months ago we still hovering in the uncertainty area (shown in the blue box) so a clear medium term...
A big move is brewing, and signals give the odds to the upside.
1. Death cross almost avoided, the 50 and 200 MAs just kissed.
2. Price is respecting the triangle that if broken could give us significant projections either side and a bounce over the 20,000 mark if bullish on breakout
3. CMF showing a significant bull divergence suggesting a...
A quite nervous and volatile consolidation is taking place with Bitcoin, we are sitting on the edge of the trendline of this symmetrical triangle.
A break on the upsite will see at least 3 steps up with targets at 12600, 15900 and 20,500
A strong momentum and very solid volume is definetely needed to confirm the bull continuation considering...
After the rebound we are now consolidating just below the 50MA and a nice bullish pennant is forming confirmed by volume development.
A break on the downside is quite unlikely at this stage but it can see us retesting 9800 if this happens.
A more likely bullish breakout will lead us to a short term rebound to 10800 dollars.
For longer timeframes click below to...
Bitcoin is forming a very clear cup with handle pattern that seems more clear than the inverted head and shoulder (ongoing formation - see other idea below)
To play this pattern we can pick two entry points, one that is aggressive at the handle breakout with early take profit at 11300 dollars and a "proper" more conservative entry at the rim of the cup.
BTC is forming a clear inverted H&S pattern on the 6h/Daily.
We are at a critical price level to either Validate this pattern and see the start of a bounce from here or we will continue the bear trend to retest the 8000 dollar supply zone and even lower if momentum continues in this direction.
Points to note:
1. PPO and RSI bullish divergence in the making
A solid volume uptake together with a TK bull cross confirmation and price solidly breaking 9k could trigger a significant bounce back to higher with a solid 18% increase if we trade a edge to edge kumo.
Indicators show a solid bullish trend but price thresholds (9K) and increase in volume is needed to confirm the change of direction.
After the edge to edge kumo...
BTC is consoldiating from ATH and a descending wedge is taking shape on the Daily timeframe.
Indicators suggest oversold condition and momentum seems weak on the bearish side now
Hidden bullish divergence on the PPO suggest that we might see a push to the top of the wedge and maybe a breakout to the high side with a target to 22,500 dollars.
On the flipside if...