With SL: 925 or TL breakdown.
It seemls like Tomobear has completed Wolfe formation.
Weekly close is important but already has bearish divergences like other markets. USD pair seems like it needs one more step down before a long period of real bull market. I think DXY will push all markets down in the very close future.
It is highly probable we will see the last 5 wave correction as C of ABC. If so it may be equal to 1 year length in terms of timing.
It seems like we are topped for now and winter has come for all instruments against USD.
As a summary my mid-long term projection is: BTCUSD: Bearish DXY: Bullish BTC.D: Bullish Altcoins: Bearish Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction. At...
Can be said that hard times are awaiting for the world economy.
Bitcoin DXY ratio is at resistance while DXY has a bullish divergence on daily. Unless $10500 is reclaimed, my bias is still bearish.
After approximately 9000% increase price touched channel top line with negative divergences.
It can go either up or down does not matter. One of the best hedge options is volatility index.
As can be seen on date comparison between Bitcoin and DXY index, when markets need US Dollar liquidity, Bitcoin is one of the favorite assets to sell just like March 2020 crash. Hence, it is better to check DXY to observe power of US Dollar to be able to forecast Bitcoin price. When we check old dated highs and dips of Bitcoin price it has an inverse...
I still think ETHBULL is in a correction and possible wolfe buy zone & stoploss levels are indicated.
It seems like there will be the last depression with altmarket and maybe including dump of BTC. When it is at top we need to collect shitcoins as much as we can to retire early. just stay safe during this period and get ready to super bull run till 2023. 1- Dump of both BTC and alts. 2- Accumulation of BTC and mini altseason to gain more BTC. 3- New money flow...
Just an assumption for previous and uncharted bars but fibo levels are very appropriate to S/R levels on chart. By considering below given expectaion of ETHUSD for short term i am bearish to collect more ETH for the future. This bullish divergence and extra volume convince me about lines. Just an idea not financial advice and please do not forget to use tight...
As can be seen on the chart we still in a channel and i expect one more leg down to bottom line of channel that is around 0.382 level of previous wave and till 2023 we can see a bull run.
Very low volume but can be considered as potential long setup. close below 95 is stop loss.
This red line is a major support and resistance and now BTC is trying to reclaim it and stay above it. It might be time to short.
Just an idea not a financial advice but this bullish divergence should make something big.