imRedaSouhail

imRedaSouhail

weekly support rests at 3734 key support zone at 3419-3501 Possible exhaustion IF reached yearly range 4089.00 May high/low-week reversal close 4179.00

imRedaSouhail

Crypto exchange KuCoin is sitting pretty at a valuation of $10bn, raising a shed load of money in a round of funding set to expand its web3 horizons. This is a hugely positive indicator of KCS's Future and the KuCoin exchange too. I personally expect the next leg will be huge.

imRedaSouhail

The tables have turned completely in the last 8 hours, especially our last daily close, when we saw an extremely short-term buy-back reaction on BTC, ETH, and most alts. We briefly retested sub $30,000 levels which have cleared most of the liquidity of an entire year, and it looks likely we'll now have a bullish move lasting at least a couple of weeks from here,...

imRedaSouhail

As we can clearly see that the previous pattern was showing weakness in the price action and the bitcoin crashed. today with the price currently trading around 34200$ we can see that it's showing some strength and we can expect a bullish scenario from this level. good luck!

imRedaSouhail

The dollar index has been quite weak at this current resistance level. I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames. The Setup is crystal clear the Wyckoff price cycle is over.

imRedaSouhail

BTC has seen that final mid-term leg down towards our $34,354 mid-term support where it's showing some intra-day strength that could develop into a mid-term rally towards $40,000 if the bulls manage to gain strength. We're currently trading at one of our most important all-time key levels, especially while USDT dominance is approaching its all-time high...

imRedaSouhail

BTC is heading towards its closet gap which is coming at $32900, which is also an important support level, from where we have seen a good bullish trend in the previous wave. The other two most important CME FUTURES gaps are at $46540, which BTC has to fill sooner or late good luck!

imRedaSouhail

$BTC Daily Update📍 Thursday, May 5, 2022 -------------------- After yesterday's bounce on the FED rate rise and a perception of a less hawkish, today after a few hours of deep thought, traders have formed a more lasting near-term view that the Fed is far from dovish, has let inflation get out of control, and is still poised to dramatically slow down the economy...

imRedaSouhail

The price is showing some weakness recently and the bullish trend is getting messed up. I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling. one another confirmation this huge recent candle on 4h time frames shows...

imRedaSouhail

The dollar index has been quite unstoppable lately making new highs and breaking above lower time frames resistances. I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames. The Setup is crystal clear...

imRedaSouhail

After confirming a bearish trend the EUR/CAD is making lower highs in a HTF bearish structure. The price is also moving in a descending channel pattern in which the resistance is at the lower highs combined and the support at the lower low. the setup is simply a swing short trader after confirming a new lower high plus rejection of the bearish descending channel.

imRedaSouhail

A new month has just kicked off This could be the beginning of a very bullish month, for which we're still awaiting confirmation at A break and close above $40,000 for BTC As i already told you, the market is looking decent for a bullish reversal, especially for alts considering that most have seen cuts of around 70-90% in the last 6 months. There are a couple...

imRedaSouhail

the price action of Our total market cap acting out accordingly as explained and expected in the chart Where the price action after forming out the 2nd Bottom of the Double bottom On daily time frame it went out to the resistance level of the monthly time frame and got rejected from the Resistance level which is marked at the 2.15T Level Whereas the current...

imRedaSouhail

The price of Bitcoin has broken the $39,000 our key mid-term breakdown level, on higher time frames, will likely take us much lower towards $36,700 (Bullish Order Book) before another potential mid-term bounce. The Crypto Total Market Cap is going to retest 1.7T for more liquidity grab thereafter, a reversal.

imRedaSouhail

ETH breakdown horizontal support, which is currently acting as resistance, it is also trading below EMA200 resistance, but still, it is above Ichimoku clouds, indicating that ETH is still in a bullish trend. Here a short-term downward movement is expected, while a successful breakout of the marked resistance, would confirm its bullish trend.

imRedaSouhail

EUR/JPY has been trading very bullish in recent days now it's trading at a major resistance level on higher time frames and the price is at an attractive supply zone. I expect a move down...might see a bullish pullback looking for some short entries...this might be an aggressive entry but wait for confirmation before you go.

imRedaSouhail

This BOS on lower and higher time frames could lead to a big move to the upside. Not confirmed yet according to price action my buy zone is shown on the charts Let's see how it goes.

imRedaSouhail

$CVX breaks market structure on lower timeframes but on a high time frame, we have the probability that $CVX might get rejected or be consolidated below the resistance level looking to go long at the buy zones marked on my charts.