DXY is holding above 50% retracement from recent low to high. DXY found support on the RED trendline support. 4h MACD and SQUEEZE could, in the next few candles, cross bullish. I see DXY running higher from here. Good Luck
Normally when the Bollinger Bands get this tight on the daily an impulse is close. I bet we see a pump and dump to Macro Trend and then we explore around 18000. The US Markets have made fresh new lows for the year, BTC may have the chance as well very soon. Good Luck
BTC had $6.4M in SHORT liquidations to squeeze the price action. Will this be a sustained breakout? To start to become bullish, a break and confirmation above macro trend will need to occur. This could be a false breakout in the short term. Monitor the 1D MA50 as resistance also. Then there is heavy cloud cover to overcome and there isn't even a green twist...
Since Mid August, BTC has only managed to advance above 4H MA50 twice, which both times created a pump. Notice how many times the 4H MA50 has been a SHORT signal for BTC. What will happen the next time BTC price reaches the 4H MA50, Pump or Dump? Good Luck
BTC closed the weekly candle at the lowest level since Nov 2020. The recent previous candle close that has acted as support and a buying range may now flip and become resistance and a selling point. The range is identified in the ORANGE zone. I see BTC testing previous yearly low for buyers, if none are found, then a stop loss hunt will begin to push price to...
BTC has been using 19,500 as support but may have flipped it to resistance now. Notice the 4H MA50, that has been holding BTC down for some time. Today's close after testing resistance may lead to test 18,000 as there is a lot of resistance above for BTC. Good Luck
I am expecting ETH to move to that descending trendline from these lows. to the 50% retracement level at 1536 this week. May wick above the 50%, but should not close a daily above it, with that blue trendline, forcing price back down. Good Luck
DXY is creating multiple bearish divergences on the daily RSI and price. Top of BB and retesting underside of channel resistance. appears another decline may be in store for DXY. Good Luck
Will SQQQ advance? Noticing that the 50% retracement has been rejected 3 days in a row and that the daily BB has reached the top. I see a brief cool down ahead for SQQQ in the short term. Lots of indicators do not confirm a sustained rally. Notice the 4H 50/200MA and the bearish RSI divergence. I closed my SQQQ yesterday and will wait for a new entry after a...
I am looking for a retest of 20,555 area of this hammer candle. Good Luck
Watch for BTC to exit the channel. Needs to close a 4H candle above MBB to initiate. Once broken the Target is the 4H 50 & 200MA bullish cross area near 20750. Squeeze is looking ready to finally advance and MACD has crossed. Good Luck
ETH may have a breakout above the yellow descending trendline. Looking to target the 15 MA200 1525-1535 area. Good Luck
Just pointing out that if today closes a RED candle after a hanging man reversal candle more selling pressure will begin. Good Luck
1750 is the level to monitor. ETH to continue bullish momentum needs to close a daily candle above it. I expect a test of the lower wedge and there make a decision to fail or retest 1750 again. Good Luck
ETH is once again reaching upper level and running out of buyers. I believe UTAD is complete and now more highs will be seen. I expect a steady drop to the 1550 range. Good Luck
BTC is in an ascending triangle pattern, with the 4H MA200 acting as the sell line and the previous ATH (around 19.7) acting as the support buy line. Decision time soon one of those lines will break. I believe it will break down to begin the wave 5 bottom, lower than 17.6 (4-6 weeks) Good Luck
ETH is at resistance trendline and top of 1H BB. RSI is at resistance on 1H. If this breaks down, I expect ETH to test 1515 following a 1H MA50/200 bearish cross. Low volume to carry it any farther and almost every impulse is being sold. IF advance above trendline to 1650. Good Luck
Notice the ETHUSDLONGS vs ETHUSD When the longs close their positions rapidly, this has indicated the local top is completed. And as you can see the longs have rapidly closed. Prepare for a local top in ETH. Good Luck