The chart should be clean, therefore, as in one of my previous setup , I remove everything unnecessary. Keep it simple.
1. There is a local uptrend. It wasn't broken.
2. There are two zones of consolidation-distribution.
Forecast and Plan
1. If the price remains above 9400, a break out above to 11k+ levels is still possible.
2. Drops below $9,400 =...
The Bitcoin has touched the key trendline in third time since December 2017.
1. There is a descending channel (blue).
2. There is an ascending channel (orange).
3. They has formed a triangle.
4. The price stucks to the upper edge of the triangle and tries to rise all this month (for the third time in two years, check out July 2019 and February 2020).
JPMorgan Chase & Co. CEO Jamie Dimon spoke during the Deutsche Bank Global Financial Services Conference Tuesday and argued the bank's stock is "very valuable" at current levels.
The price broke the $99,45 level. Long on retest of $99,45 or $103,11. Targets: $112,63, $125,73.
Earlier: Trump and SP500
Trump: "Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!"
SP500 and The Market: OK!
Bullish = weekly candle closes above 3018. Targets = 3110, 3226, 3338.
Mind the gap! Bearish targets =...
All you need to know about the Bitcoin and not to flush your money down the drain.
1. The price is clamped to the current range $8,107-10,080 (1st), the previous one = $4,644-6,990 (2nd).
2. The price has formed the Grand range = $3,858-10,953 (3rd).
3. These three ranges have formed three zones of magnetism (orange blocks).
4. The trend line...
J.K. Rowling asked about the Bitcoin. Robert Kiyosaki predicts the end of the US economy and the bitcoin price rises up to $75,000. 20,000 stores start accepting cryptocurrency in Venezuela. The volume of open interest in options for bitcoin on the CME soared ten times in two weeks. Moreover, the USA allocates 3 trillion dollars more (!) to support the economy.
On Friday evening the price of bitcoin futures was fixed at $9295 on the CME. The new trading week will open with a gap (almost 6% for now).
Gaps tend to be filled. The latest one was almost 13% and closed within a couple of days. Keep your money.
The magnet above = $10k+.
The magnets below = $9300, $8500.
Time to watch.
Not a trading recommendation.
The S&P500 formed a double top (the first peak was formed on April 29). The middle level of the range (2879) was passed without a rebound and the price went down to 2818 as I expected. Buy when the resistance zone of 2947-2972 is destroyed. Relationship between the USA and China became worse, the economic situation is a kind of disaster and the consequences...
On Friday evening the price of bitcoin futures was fixed at $10,000 on the CME. The new trading week will open with a gap (almost 13% for now). It's interesting to see how this gap will be closed because:
1. AO = down.
2. EFI = bullish trend was broken.
Technically, the uptrend formed on March 13 (local_trend) was tested and holded.
The magnet above =...
The range was formed and its average = $9010. Buy on retest of the middle and when the price is higher than $9500.
Partially sell on retracing the middle line and going down, sell below $8500.
Wait while the price is in the range of 8500-9000. Retracing of the 9300-9500 zone and going south = sell.
Targets = $7600, $7100.
BTW. There is a gap on CME. The market...
Ethereum keeps going on a local trend, but stucks in the resistance zone 224. Do not buy, wait. Do not sell, wait.
Closing of the day above 219-227 = partial purchase. Retest of the 224 zone downward and rebounce = purchase. Target = 270+.
Retest of the 188 zone upward and rebounce = short. Targets = 155, 130. Opening short now is against the local trend, but...
There wes a couple of predictions recently: we will never see Bitcoin cheaper than $ 5,000 (@tonyvays) and its price will jump to $115,000 (@dan_pantera) by August 2021.
Wanna show you how these numbers correlate with the chart and where are the nearest points of strength. Candles without sticks, open and close only, log-chart.
Gold is overbought. The price is close to the resistance of 2012. There are the extremes of 2011 above. Do not buy, wait. Do not sell, wait.
Day closes below 1670 = partial sale, below 1611 = sale.
Day closes above 1772, 1824 = partial purchase. Above 1913 = purchase.
Perfect setup: retest of 1360 support zone = 2800-3000.
Keep your money. For conservative purchases, wait for the daily close, above the orange zone = long.
Consolidation 8500-8900 = target 10k+ (est. 10,5-10,8). Long entry on LTF.
Zone 8500-7800-local_trend = waiting room. Breake and retest 7800 or local_trend = conservative short. Short now = against the local trend (watch the alligator).
Turn on the logarithmic graph. Invert scale. Imagine this is shitcoin. Global_trend was broken for the second time (Aug 17, 2015 & Mar 9, 2020). Buy or sell? If you see such things on shitcoin, you buy, increasing your position as you approach the orange zone.
Forget the inverted chart. Go back to bitcoin. Observe the downtrend (price peaks are falling: 20k > 14k...