BTC never closed a single week over the 1W 200SMA since the bear market started, as every week we tend to lose it before the week candle closes.
If BTC closes this week above it (22.9k) it would mark the bottom of the bear cycle and a beginning of a bull rally for few months. And since BTC successfully bounced off the 4H 200EMA, I am optimistic about it.
AXS 4H RSI arc shows a potential of pump from here. It is between two important S/L a break of one will trigger the direction of the movement.
I expect a test for the lows where I am placing a bid at 14.72 then going north.
The DXY has been unstoppable and on fire over the past weeks. And everybody is calling for it to go to the moon as Japan and China are easing while US is tightening. But what are the charts telling us?
As shown the DXY is a major historical resistance at the 102 level that can be stretched to 105. Will the DXY be able to go through? Or will it get rejected?
BTC is bearish on all low time frames, however if we look at the daily time frame we see the following:
1) BTC failed to get above the 200D SMA resistance (48k)
2) BTC came back to retest the support marked in white horizontal line which coincides with the Bull Band of both the 21W EMA and 20W SMA (44k).
1) On a daily basis, BTC shouldn't lose the...
BURGER is about to breakout and set a Higher High. It is currently at a historical rock bottom with major resistance is between $2.5 to $3.0
Expect BURGER to ascend to the resistance then violently break through.
Making it as simple and brief as possible: CLV is setting its first ever Higher High on the daily chart since it got listed. If this holds, expect a major breakout from here. I am onboard happily where I bought in at the bottom.
The DXY is at a major resistance at the 0.702 Fibonacci level.
If the USD goes through, expect a major collapse for the crypto market along with Wall Street. But if the DXY fails (my bet), expect a major rally to last for few weeks for Crypto and Wall Street.
Clearly a big move is on the way for ANKR. We can see that ANKR broke out of the 1H chart and 4H chart and currently setting higher local highs.
Still long in my position. I expect minimum 20% parabolic move in the coming hours.
Major resistances are $0.092 and $0.095 from here.
You buy the rumor and you sell the news... following today's Fed's 0.25% interest rate hike, volatility in the market was observed across Crypto, commodities, Wall Street and of curse the DXY (USD Index).
But what how did BTC do?
BTC broke out to the upside on the 4H chart, after a fake-out yesterday downwards.
What is next for BTC?
a break above the 21W EMA...
Two hours ago it was announced that the SEC's motion to strike the fair notice defense is DENIED. And the charts are showing that XRP has pumped more than 8% reaching the top of the resistance.
There has been so much speculation about the impact of this case on XRP and the crypto market in general. But for now, XRP is leading the market will a large green candle...
ANKR has so many fundamental reasons to skyrocket, yet due to market condition it remained at one year ATL for weeks now.
Believing that Alts Season is around the corner, I couldn't resist not jumping onboard heavily into ANKR. No target set yet, but eyeing 500% to 1000% gains if full Fib cycle is to take place.