Total almost hit $1T today. Maybe one more attempt?
I do not see total overcoming the descending trendline at this time and closing a daily above $1T.
Perhaps another low to support between the $600-$700B range to complete C and Accumulation Test/Spring before the next breakout and bull run.
This BTC move was expected and was generated by a SHORT Squeeze. It is FAKE.
BTC will remain up here long enough to TRAP LONGS and then whales will throw this down to breach and create new lows for the year.
I expect the BTC bottom to be somewhere in the orange box. I personally like the 15k area.
ES1 is at the top of a parallel channel.
Daily Candle close may indicate direction.
Currently a pivot candle spinning top is forming, which can indicate a reversal. Watch for close to see if the channel is broken above or not.
Is DXY ready for a correction?
In May, DXY 1D RSI was this low and the relative strength improved and stabilized over a period of days before moving higher.
Keep your eye on DXY to see if this level becomes a base low?
ETH has lost $1250 support level. Daily candle close below will confirm test of $1000.
Once $1000 is lost look for a new low. This could happen quickly so be ready for a breach of $880 and the liquidation candle.
Not that we are at the bottom yet, but whales are beginning to accumulate. I believe there will be more downside over the next few weeks. but when this is up 32% already today, somebody sees this as a buying opportunity.
notice the pattern, 2 large buying days plus 40 days from the first large purchase date, has signaled a local ETH bottom.
I see DXY coming to a conclusion and forming a distribution top.
Still need to break above to upper test and then a final UTAD to the upper channel.
After the UTAD, that should be the end of the bull run in DXY.
Ok, This rally hit a wall! Why am I bearish...
As you can see the 50% retrace is tested and closed below. The price hit upper resistance of rising wedge and upper BB. The daily cloud is no where near a green twist and is encountering resistance at the bottom of the cloud. Notice the descending YELLOW trendline is acting as resistance.
I believe S&P will head...