eth has formed this support over the last year. in the next few days or weeks. it will be decision time! keep an eye out. also take note of the 200 ma. (red line) the trend is still up. higher highs and higher lows.
spx is currently in a falling wedge on the weekly tf. usually im super bullish on these patterns but im just looking at this chart where i could see it going with whats all going on. still will be a choppy ride for the markets for awhile.
btc should see a break out possibly as soon as today, bullish divergence coming in strong, bouncing off support, falling wedge, and stocks look like they might have an okay day today. if you didn't long support i wouldn't long until we have a break of pattern with supporting volume.
as the dxy continues to be hot and overbought, all other pairs like the jpyusd, eurusd, and gbpusd are way oversold. will this reject and be start of a new btc bullrun? theres a lot of onchain and also technicals that would suggest this is true. only problem is the world is in a weird place and there's a lot of unknowns happening.
spx is in the process of forming the right shoulder in the inverse h/s pattern, which is a bullish pattern. long term is looking kind of iffy, but i think we could see a short term run yet. everyone is expecting a recession and dump, so why would it dump now? it'll dump when everyone least expects it. this pattern isn't valid until the neckline breaks! see what...
the total market cap (excluding btc) hasn't been able to break the 50 ma for awhile currently we are retesting the 50 ma after the break out. a higher high would be a great confirmation here (breaking above 200ma)
Glimmer has a inverse h/s. should see $5 again if we can break to the upside. it has been holding the 50 ma on the 12 pretty nicely.
the 3 day candle closes tomorrow, i expect a bounce on the 200 ma. (red line) we haven't broken below this 200 ma since covid also this lines up with the orange bottom of channel.. if we fall below and close multiple candles below. this will be a very bearish sign. if you long here make sure you have proper risk management.
currently i am watching this 3 day time frame. as the orange pattern lines up with the 200 ma. the 200 ma hasn't broke since beginning of 2020. the weekly timeframe that i will post later also showing some weakness with money flow thats been declining for sometime. still looks pretty neutral for now not super bullish or bearish. note: everyone is talking about...
am i bearish on btc? nope not not. we are in a massive channel on this weekly chart. higher highs and higher lows. if we look inside the weekly candle we can see another small channel as well. could we drop to 37-38k or possibly some lower wicks? of course we can and it'd probably be a bear trap. but on the flip side with everything going on in the world more and...
well a lot of people been talking about this big bear flag highlighted in orange. which would target 23k area. well im here to say thats highly unlikely to happen, can it happen? of course it could. we are forming a bull flag on the 1-3 day time frame also very good retest of the 44k area and ascending triangle in white which is also bullish. i will not give the...
im looking to enter some longs when btc drops a little. areas im interested in are the 44k area 42k, 40k and 38k. this is just my personal opinion. we can see we do have a potential massive bear flag. (i don't think this will play out for obvious reasons) target would be 15k. btc needs to get above the daily 200 dma to be really bullish, right now being rejected...
the spx is breaking out of the falling wedge, also this double bottom is in play. and to top it off the bullish divergence. how far will we pump? who knows. i think we still some upside yet over the next couple weeks.
here is the chart from last year for accumulating, currently also have a falling wedge forming. still sideways in the market not much to say or report on. any other charts you'd like to see?
this is the daily on eth. we have a main resistance above us that once held as support. i expect a break out mid march (week or 2) probably to the upside. only reason i say to the upside is because we have a bullish divergence here. price made lower lows as rsi made higher highs, if we do break down we could see 2k again. and people will start to panic, and i will...
this is fed printing (yellow) vs the spx. what happens when they keep printing?
here we can the fed printing line (yellow) vs btc. this includes everything.