About meTechnical Analysis of legacy markets and crypto. Actionable price and time analysis for traders, investors, and financial editors.
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Bitcoin has the potential to reach 27k-30k by January, but a significant change in the price structure is expected by the end of January or the beginning of February. This could be another upward acceleration or a sharp reversal and continuation of the downward trend. April 2023 is still an important month to keep an eye on for Bitcoin and other markets.
The 8H chart might present a buying opportunity if the index stays above the descending green support and the ascending interim yellow support.
Upside targets for such a commitment are found at the uptrend line at 35.800 as we speak, followed by a potential to reach the ATH at 37.000. If that is accomplished, we still have two more targets to work with: the...
Today's charts are closely related to the Dollar depreciation amid the global financial risks in 2016, specifically, the months of February and June as they established key levels to forecast the future of the #USD
The invalidation happened, and we got an upside breakout instead of what seemed to be initially a bearish continuation pennant-shaped pattern. The intermediate trend for #ETH is now up, demarcated by the thick blue channel. Taking out the channel's support would spell trouble. Otherwise, 2722.00 could be achieved by year's end.
Stops could be trailed alongside...
The breakdown is recent and a longer-term continuation should be confirmed by an acceleration below the aforementioned descending supports.
Notice I work with channel lines only. Questions are welcome.
#TSUKA is, as we speak, perched on an ascending historic channel support. It has key dates ahead for October that will most probably tell us more about the directional intentions of the Tsuka army. Stay tuned!
We can conclude from the charts that..:
- Capital inflows to the USD are very strong in terms of momentum, and we haven’t reached the first layer of targets yet, based on longer-term channel work.
- This trend could last for several months at least, well entered into next year (Targets on monthly charts are pointing to July 2023).
- Right now there is no sign of...
...that buyers keep accumulating #TESLA at better prices along the LOWER channel's border - this support line has its roots (and meaning) in a flurry of hectic buying seen in Dec 21.
...that with each attempt to hurdle the channel's UPPER border, buyers express their interest to conquer all the chart areas that are encompassed by dynamic lines that originate from...
Weekly RSI(9) climbing above descnding R line could be seen with #ETH settling above 1730.00
Between 1730.00 and 2700.00 longs are favored, so I’m on the bullish camp
But reversing below 1260.00 would change my bullish view and open the scope for new lows in the whole crypto space
October looks like an important attractor- ETH could be training above...
In this 10-minute video we aim to explain what's happening in the bond market, and as a result its implications to the USD, to stocks, the USDJPY and gold. Today's US Consumer Price Index (CPI) data due for release on Wednesday at 1230 GMT may be already priced in and prices may not display logical textbook reactions.
Following our earlier post from last week on the 29th featuring a chart of the Oil/Gold ratio, we can see that we are back inside that trading range. Watch this 19-min video for more clues on how to trade the changes that could affect markets in the coming weeks in terms of volatility and trend direction.
The altcoin space is capturing our attention with a series of impulsive price movements that could be used to anticipate other frontline cryptos for the coming 4-6 weeks. In this video, we analyze the soaring prices of SNX, SAND, YFI, CRV, MKR, AAVE, CEL, and COMP.