parsx26

parsx26

I am guessing than an M pattern might happen. It's a long shot but a nice guess. I am not trading gold right now though. I need solid confirmations

parsx26

Recent pump and a rejection from the resistance formed a daily bearish divergence on btc chart.

parsx26

As the daily momentum continues bearish, a bullish divergence has formed on the 4 hour chart. I expect gold to be more neutral for a couple days or less. The medium term outlook is still bearish in my opinion.

parsx26

I expect XU100 to move sideways or test 0.786 fib level, if it doesn't break down it might continue and test it's current levels if it breaks down I'll be more bearish. What do you think?

parsx26

Bitcoin is forming a possible bullish flag on the daily chart. MACD and RSI are neutral(a little bit in the negative area). Which means we have more room to the upside if a break of resistance comes. Look out for support and resistance levels. Currently 1.618 fibonacci support is keeping the price from coming down. Weekly MACD is negative and RSI is neutral. Keep...

parsx26

On the weekly chart, according to my analysis XU100 has completed Elliot 5 way impulse move to the upside. Now on the weekly period we will see a huge correction. There is also a very obvious weekly bearish divergence in the RSI. A three move(ABC) correction will happen. It will last for months. Short term long trades might be possible but buying for the next...

parsx26

Bitcoin is another zone and the FED pump and dump did not change anything in the short term. Macroeconomics are still bad and winter is coming. We've been in a bear market for so long and we still are in a bear market. I think this pattern will break to the downside. BINANCE:BTCUSDT

parsx26

Bitcoin has seen a dump recently. After the dump, on the daily chart it has made a bullish divergence in the RSI. Also since 17.9k low, BTC has made a MACD bullish divergence. We have probably seen the worst of the bear market and BTC probably will not go too far below 17.9k. Personally, I won't open a long position right now because this isn't enough reversal...

parsx26

Bitcoin is possibly forming another bear flag while the price consolidates. It's in early stages of forming in the 4H chart and may need further adjustments to have a more defined resistance and support. Keep an eye on this.

parsx26

Bitcoin is consolidating in a price range again. We have formed a triangle in 4H chart. Also it could be a bearish pennant. MACD and RSI are neutral. If we have a confirmed break out to either side, we will see lots of volatility. I'd say the possibilities are 65% bearish and 35% bullish. Set conditional orders accordingly. I set two orders, one for the break to...

parsx26 Updated 

This is a bearish pattern. RSI bearish cross and MACD bearish cross makes the probability of breaking to the downside higher. If support is broken the price target for BTC is 18.9k BINANCE:BTCUSDT

parsx26 Updated 

Bitcoin has formed the symmetrical triangle pattern in the 4H chart. It is a continuation pattern and If we think about the general market outlook, it will probably break to the downside. Bullish macro scenario is still possible if we don't go below 18.9k and see a impulsive move upwards at that level. BINANCE:BTCUSDT

parsx26

GENERAL MARKET AND ECONOMY OUTLOOK We have been in a bear market since November 2021. FED continues to hike rates and gets more hawkish with every speech. USD index ( DXY ) is in an uptrend and S&P 500 closes yet another daily candle with loss. Inflation is high in US and European countries are facing one of the biggest energy crisis this decade as EU and Russia...

parsx26 Updated 

Hi, traders. According to my analysis bitcoin is consolidating around 20K levels and forming a descending triangle pattern. We broke below the daily bear flag and saw quite a dump at the end of the week after Jerome Powell's hawkish speech. Bitcoin has remained neutral this weekend. I belive BTC will continue dumping when the traditional stock markets open on...

parsx26 Updated 

Bitcoin descending triangle pattern: BTC price is consolidating and indicators are going back to neutral levels while creating bearish patterns. Another move to the downside is coming soon.

parsx26

Bollinger Bands on the 4H chart are squeezing. BTC will test the trend resistance and the RSI resistance soon. We are in a triangle pattern, there is a massive resistance zone ( as seen in red ) . Daily chart has been in a BEAR FLAG for a couple of weeks. 4H MACD Bullish cross didn't have lots of bullish momentum, it only created sideways bullish price which set...

parsx26

1 Hour Chart: We have massive resistance (red, sell zone) 4 Hour Chart: We have massive resistance (red, sell zone) Daily Chart: Bear Flag, Bearish MACD, 50 day EMA is higher than 20 day EMA What do you think will happen next? Comment below

parsx26

Becareful for this pattern. It might either break up or down. I think it will break to the down side because DXY is rallying and stocks are dumping. Also daily BTC macd is negative. What do you think?