newerhr

newerhr Updated 

We can see that BTC didn't have so much problem at passing 20k as previous ATH, but we also see that we have a similar pattern as in 2017, when BTC never retested 20k until Dec 2020. What is most important we can see that BTC loves to be close to MA 50 (orange line) and loves to test MA200 at some point. To be honest, I don't expect BTC to test MA200 very soon, it...

newerhr Updated 

As we can see on 1day chart BTC if forming a very nice symmetrical triangle. Altho, RSI is seeking support at the moment, we have a bearish crossover on MACD which could be a sell signal. So where next? If BTC breaks the triangle to the down, we are for sure moving to 29k where we should test MA50. if it breaks above, we will test a new ATH. Disclaimer: - this...

newerhr

As we can see, since Dec '16 Gold is printing higher highs, or if we want to look at shorter period, it is printing higher highs since the end of 2018. As we can notice on the graph trend is not broken, even we had a strong correction in the last few weeks or so. The first reason for sure is fear related to the entire state of the economy, even the gold should be...

newerhr

As we can see, resistance on fib 0.618 is broken and now we are testing MA200, this in past was support point but I think it will be broken soon, and next target to test it is around 31, where also fib 0.786 is, and I think we already lost Bullish trend and we are now entering a bear market. Maybe, we will have short relief with some great news, but I assume...

newerhr

As we can see on the graph, NASDAQ100 is trying to find support at 8000, which is 0.236 fib level and also MA50 on the weekly graph. Maybe, but I don't think so, we will find support here for the short term, maybe even today, but tomorrow is Friday, nobody will risk with bad news over the weekend, so I am expecting that we will have sell-off today and tomorrow....

newerhr

As we can see in on the graph since 2008 we are in the bull market, the trend is not broken yet, but there are some bearish signal and possible the biggest test in last 11 years in front of us. We can see that S&P tested MA200 two times in past and each time there was bounce and trend continued to go up. But in both time we didn't have this big selloff, moreover,...

newerhr Updated 

From my point of view, we have a possible double top happening on 1h graph. As we can see, we have support 8550-8555. If we are able to close and stay above that line, we could see some relief, I don't think with all the news that we will see some strong up trend, more relief and then again testing support. if we are not able to close above, next support from my...

newerhr

Disclaimer: I am a noob, and this is just my way of trying to learn TA. As far as I can see, NAS10 is fighting with resistance at 8840, if succeeded to overpass it and RSI goes above 50-55 that could be a nice signal. But have in mind that next resistance is already at 9000 where last high was. So, maybe it is better to wait and see what will happen if it is able...