Confluent zone at around 100 sats. I expect a 30-40% move to the blue box. Falls between the daily 55ema and 200ema. Also is the bottom of the cloud. All indicators point to a retest of this level.
This is a chart of the DXY on the 3D timeframe using my Nitro Lotus indicator. The bear signal means a downtrend is predicted, and the bull means an uptrend is predicted. Very accurate predictions so far dating back to 2015 on this chart!
This chart shows the Nitro Lotus indicator on the 1D chart for the sp500. You can see bull signals show uptrend and bear signals show downtrend. You can message me here if you are curious about this indicator.
Displaying how the Nitro has performed on the 1D chart. This indicator paints a bull signal when it predicts an uptrend and a bear signal when it predicts a downtrend is forming. This is a tradingview script. If you are interested you can send me a message here on tradingview.
I've been monitoring VET since I exited back around 200 sats. We are breaking below the daily cloud and looking bearish for a retest of 100 sats. Another BTC move up/down sharply should be the final push to reach my target for a refill.
Watching to see if BTC is able to break this pattern of lower highs since making a Higher high at 10,400 before being rejected. If we break upwards, we can see 9500, then 9800, and then the 10k - 10.4k mark tested. Until then, we must hold 9200 or face a possible drop to 8500.
The downside risk is 8900 and 8500 if we fall below this cloud and 9200 level here. We have been trending for nearly 2 months in this range. Bitcoin needs to make a macro decision soon or people will get bored.
The weekly close is Sunday. We must hold the 9200 level through sunday. If we lose this level, then I see price retesting 8900-9000 (minor support). 8500 may become a magnet for a retest at that point.
Looks like we failed to make a HH and therefore the top of the B wave is 9,940. If that's the case and we drop and close a HTF below 9200, I can see us headed down to a new LL under 8,200. Potentially taking us to 7500 or even lower!