Biden's new policy of releasing preserved oil could be effective if the war finishes earlier. but it seems to be long run. Also the monthly candle is pointing out the edge high to upperside. This energy and circumstances will create new high for the WTI oil.
WTI made remarkable pulling back to gain some powerful energy to create enormous volume again. This will create another energy crisis this year.
Russia's Ukraine invasion made this enormous and horrifying upside for WTI. But war is almost over now and more likely interest rate raising is ahead this Mar 16th. I personally believe that FED will raise interest rate and US oil's rally will end soon.
I estimated very deep short target last time. But I re-checked the market and found some Double pattern target. Bitcoin is approaching to the meaningful bottom. This will be the bottom line and great opportunity to invest when it arrives to me target 29500.
volume of trading has been increased a lot thesedays. I think OPEC will keep the product and not increase. People could suffer ecnomic crisis but oil rally won't stop going. Expensive Crude oil become new normal to our society. MACD and stochastic ratio are stronger than before. This will go up until our humanity find's our new sustainable energy to...
FED's FOMC interest rate's hike could make early drop of BTC aggresively. Also the tention between Russia and Ukraine has blurred view. But the main event is FOMC and there is a possibility of raising 0.5% at once rather then raising 0.25%. This is the most difficult market for sure. Good luck traders.
Global economy is having severe fever with inflation and war possibility. I am not guessing that war could happen but this tention would create much bubble to WTI and Brent Oil. Also the chart broke the major resistance line. Enormous volume is also creating by MACD. Scary inflation is coming.
it can go up until 44000 and then dive to 25000
It isn't major big short. But market crash will occur. Signal lost it's power and 3rd quarter's momentum to go upper side is no longer available. Earning surprise season has ended also. A lot of pro-traders will go on vacation too.
90 dollar is still the target
stochastic already lost its power. I analyzed several times and I lowed my target further down. Check out my previous analysis together also Good luck traders. Moving average is about to change the direction. Double top pattern is also confirmed. Thanks to my followers with big supports here.:)
My previous resistance has destroyed but, I believe there is final last key point. Which is $45,500. Exhaustion of Bear is forseeing. This is the opportunity of SHORT BTC max Enjoy trading traders! good luck
Strong resistance level of 40,000 Ichimoku cloud's signal is very strong. I think major driver is planning the worst bear mode. Let's see...My target is down to 25,000. Good luck traders and follwers :) I think, AMAZON's good news is just little event of many issues around BTC
I already wrote my explanation on my chart but, all of my indicators are pointing Crude oil will drop their price sooner or later. It could go up to $70 as the resistance needs to be touched. Bubble will burst. Check out my previous analysis that I was right below. :) Enjoy trading traders !
Little pip bonus stage has finished now. Now the bigger bear is coming soon. Let's get ready to short contracts.
But this could go up little bit before it crashes
I believe that 1-2 month correction will happen before the market collects energy back to an upper level.