DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, 12 RETECH CORPORATION, ISHARES MSCI EMERGING INDEX FUND, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
This graph shows all scenarios that I recognize and can imagine that the price of major cryptos can take in following weeks.
If this would be strictly probablilistic game then
we are building more resistance areas
and even if we break this closest one then we have another one.
On the bottom side we have only one line to break. So I am bearish.
I'm starting to believe in 4500.
Once we find ourselves below the blue lines we are in sell area. We are currently on H1 already.
I think first stop 6200.
Then a lot of hassle.
At the moment of writing bitcoin look really bearish. Momentum is definitely to to the downside and this is the decision point.
That is one to look at this.
I will watch the region when correction channel and horizontal resistance converge that is also around the MA200.
I will zoom in and check for divergence in price / RSI (usually happens together)
I understand that bears ar out of ammo for now.
We may fall to blue line area again or just go straight up from here.
We left previous channel and hold well over it treating its top as a support.
We still did not hit the top in wave 3
and dynamic range has opened up to
allow going higher over the mid of the long term correction channel which would be ejected above it and then confirm it and go even higher.
It would clearly be an inverse W (M) pattern by now or long ago if not all this strong buys at each sell off.
Further more the formations show that price is breaking every triangle to the upside.
The fifth battle is going well but it seams that bulls are wining.
If it doesn't go down it will explode up because so many margins will be called and so much money ...
So the regresson shows us that momentum is strong to the upside on H1
So strong that I believe that this move down should easly come back.
The angle of this channel is small.
I see it as a bear flag.
I will be watching RSI on higher timeframe to make a second leg and hopefully a divergence.
I will also keep in mind the fibo targets.
Wave 2 - usually does at least a 60% entrancement.
It is not worth it to enter this trade for me. I will wait for a correct place to enter long.
Weak short today-ish ...
Every healthy trend has corrections.
And the bottom of the channel sits at around same place where 50SMA on 4H will be.
Short today, long weekly.
Please notice how the downtrend is slowing. Notice how we have hit bottom of longterm correction channel (blue)
Please see how 3 last moves upward all push the boundries of uptrend channel to be inclined more and more to the up (green, orange, red channels).
I will try long after we make an inv h&s
and if it does not catch momentum and fall lower, again at the ...
Price has fallen lower, I've made a reentry at 276.
In overall ther trend is turning up.
You can see that because the previous channel does not work anymore, only a more raising channel is touching price extremas now.
You can treat the median as a top of a channel or be more positive about it and use previous price range (and think more long term)
I'll speak with my money on this trade.
This wedge shows the buying pressure level is reaching selling level but selling level is more consistent and will win.
BTC didn't want to go lower on W1. This makes me optimistic regarding both majors.
Could bitcoin have treated the previous bottom as a wick and didnt include it into the support line, and used its shoulders? That is why we bounce of here now?
What kind of strange algo would that be?
Anyways, it fits what happened to ethusd and i it bounes of here then we have a good bulish signal.