I hope you all are in a constant profit.
DXY on a weekly time frame is creating an exciting chart.
As you can see, if a weekly candle closes above 94.54, a significant accumulation phase is confirmed.
On the other hand, the BEXP Indicator indicates HVP is reducing and has a downtrend, so a big explosion in this scale is baking.
The interesting part is the...
I hope you all are in a constant profit.
Bitcoin on 1D time-frame is in a range between ($57500~$58500) and $63700.
According to the BEXP indicator in the 1D time-frame, Bitcoin is about to explode very soon on this scale.
So we can judge the breakouts with this range so:
If a Daily candle closes above $64000, $66000 would likely be tested (and maybe a...
Bitcoin (BTC) Long-term & Mid-term Analysis
As you can see Bitcoin tested Weekly support and EMA21 and so far a not-so-good bounce. still, the Weekly trend is not bearish.
However Daily is starting to change of behavior because when BTC corrected from $58k to $50k, open interest rose up.
On a weekly basis, if $45k breaks, the $38k ~ $32k range test would be...
4 Time-frames are on my watchlist.
In the 4H time-frame based on HVP and trend analysis, bitcoin is in consolidation. And a huge range between $29400 & $32100! if a 4h candle closes above 32100, it can test 32600, and then it can break or reject. no one knows! but if breaks, the test of $34500 is very probable.
The 2D TF is a dogi candle BUT it must confirm. if...
Another Lower High is confirmed on the EURUSD Monthly chart and could trigger the reversal of it.
If it gains 1.18 on the weekly scale it could test 1.19 and if it breaks change of behavior happens and the upside targets will be more probable. but until that, it is bearish with another Monthly Lower High .
NASDAQ has broken the Daily EMA21 and played out the Bearish Divergence on the Weekly (Test of the EMA21 )
No with this pullback we could say that if the Daily EMA21 breaks again, probably it'll test the 10800 Zone & if break EMA21 Weekly again in the coming weeks.
But until that Nasdaq is bullish and maintaining the weekly uptrend.
It could make a...
Today I'll be watching Weekly, Monthly, and Bimonthly timeframes and get trigger trades from a Daily perspective.
Bitcoin's weekly candle closed with a good posture and didn't break the $ 11500 level. also on the Monthly, it is literally an uptrend and $ 14000 target. But in the 2M it's still processing. If the 2M candle closes like this, the 2M timeframe will...
After Weekly close above $ 11600 now bitcoin caused a change of behavior on the weekly scale.
Weekly & Monthly Charts suggests a test of $ 14000 but in the ShortTerm, there will be some corrections and pullbacks.
For the ShortTerm, we can get $ 11800 as a pivot.
For the MidTerm, we can get $ 11500 as a pivot.
For the LongTerm, we can get $ 10800 as a pivot.
Finally, bitcoin broke its range and showed some life about it.
According to HVP and momentum, probably bitcoin creates a range between $ 10500 and $ 11500 . A Bullish Range for preparing for higher tests.
If a 4H candle closes below $ 10500 , it could test $ 10200 . and if that breaks, it could test $ 9900 ~$ 10000 . this 10k is a pivot level. So as long...
As you can see Weekly candles closed in a very good posture. next week the Monthly candle closes. And cuz of that every correction gives an opportunity for entry.
So the area between $ 1775 ~ $ 1826 could be a good buy entry for myself on Macro and Longterm Trend.
Gold can correct itself to Mid 1800 s and that could be a good buy for myself.
The Trend is...
As of the 10 years history of Bitcoin and Correlation between SPY or NASDAQ Indexes and Bitcoin, we could say that if bitcoin manages to range in this area, could actually be bullish for it.
the Nasdaq futures are at ATH and beyond so if these indexes are correlated with bitcoin, On the macro it could go up and break this triangle to the upside.
but this is...
After some ranging & frustrating price action, now Bitcoin is ready for a massive move and explosion.
Direction? No one knows.
If a 4H candle closes above MA 200 , it could test the $ 9600 , and if it takes out that wick, the test of 9900 is probable. But if it comes down to the EMA 200 , it could build a Death Cross in the 4H TF and could trigger other...
On the Weekly RSI , you can see a formation has been resolved to the upside and the RSI line tested the formation and became support.
And on the RSI , the MA and EMA of it have a positive slope.
So far So good.
This formation is on CME and Spot at the same time.
On the other hand on Moving Average perspective the lower periods are on top of higher...
After some major Correction/Crash on the major Indexes such as SPY and Gold and Bitcoin, now all of the worlds are bearish on the markets.
But as you can see chart says nothing about Financial Crysis, Depression, ... .
Because of that, I think these Indexes probably have seen their lows. although there could be a correction in the way I don't think they will see...
After some heavy corrections due to playing out some divergences and negative momentum, now Bitcoin tested the 12H and 2D Golden Crosses. So far so good.
But the Change of behavior is when a 12H candle closes below MA200 and/or a 2D candle close below MA200 . that is when I say this is not a healthy correction and probably BTC will test mid $ 6000...
After some ranging price action, now the 12H Golden Cross and EMA21 tests are confirmed.
The 2D Golden Cross is on the way but not confirmed yet. As you can see MA200 on 2D TF is good support.
If a 4H candle closes below $ 8617 or wick below $ 8527 , it would probably test the lower support zone ($ 7800 ~$ 7900 ).
If a 12H candle close above $ 9070...
It's hard to be bearish if the BiMonthly candle closes like this. on the other hand, if the Monthly candle closes above EMA21 it's no longer bearish in the Macro and Long term.
But note that Bitcoin could test lower levels such as $ 6000 for playing out a Correction .
About that 2D Death Cross:
The first change of behavior was the candle close above the...