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Etherum (ETHUSD) supply and demand levels : weekly chart 10/5Good afternoon traders, Today I am looking at the supply and demand levels for the most recent ethereum uptrend since its low in 2020 (~88.18). I am NOT a financial advisor, this is simply for entertainment/educational purposes: TRADE AT YOUR OWN RISK. 2020 Low of 88.18 (~3/9/20)---> the following two candles we see the DEMAND AREA being formed between (A 118.63) and (B 123.01) The total demand are is thus 4.38 -----> Trend then reaches a high of around 486.09 around late August, --------->where price consolidates between 329.96 and 422.97 (92.95 area of consolidation) From there, uptrend from 11/20 until 2/21, where it consolidates until ~3/21 ------>Creates a important level which later will become a demand zone. The uptrend continues until 5/21. High of ~4458 Consolidation occurs from may until appx. 7/19/2021 ------> The wicks from the downtrends are seen entering the zone created from the 3/21 consolidation creating a nice demand zone Supply is reached again, for a resistance level of ~3980.97 Please like and let me know your thoughts! Have a great day traders
BITSTAMP:ETHUSD
by msull90
Cardano symmetrical triangle outbreak - 4H ADA/BybitCardano symmetrical triangle outbreak - 4H Bybit These are the two bullish scenario's that have a high probability of playing out in my opinion. BTC has had a big move and has not really corrected yet so could be a fake out for Cardano if BTC corrects to the downside. Stochastic RSI overbought so could see a move down soon hopefully to get a bounce at support. Long the retest! The arrowed lines are not time sensitive this could happen in an hour or in a day.
by milowest1117
20th October could be DISASTER day! October and November could see Bitcoin price sink faster than the Titanic because of an ongoing court case in Japan! This case is against Mt. Gox who were once the worlds largest Bitcoin exchange, the company filed for bankruptcy in 2014 after numerous hacks which saw 850,000 Bitcoins disappear. However 200,000 Bitcoin have now been recovered and will be sent back to their owners either in the way of cash at the price BTC was at in 2014 $450 a coin, or they will be returned as BTC at todays price depending on the outcome of the court case. Either outcome could spell trouble for BTC price because if investors do get returned compensation as bitcoin they will more than likely sell as their investment has massively gone up from $450, casing a market crash as the estimated amount of BTC to be distributed is £4bn! Just imagine the carnage of 4 billion worth of BTC getting sold all at the same time. Lets look at the other outcome, say the investors only get $450 back each, the company that went bankrupt will have the 4 billion BTC, what do you think they are going to do with this? That's correct SELL! So either way BTC could be coming for a massive push down. This is just something to keep your eye on. If you have any questions then please just ask. Cheers.
BITSTAMP:BTCUSDShort
by Free_Signals_UK
2
Bitcoin 1 Day Chart Descending Triangle & Fractal PatternBitcoin on the daily timeframe seems to have formed a descending triangle and has a fractal playing out from earlier this bull market. I think we could see some further downside in the next coming 1 to 2 weeks or we just see a big bounce from here. September has always been a bearish month for bitcoin in general so this bearish price action was not unexpected. If we see a nice recovery from this dump and don't go any lower than 37K I think we could see another leg up for this bull market if we do go lower a recovery would be harder but still possible. Let me know what you think.
BITSTAMP:BTCUSD
by milowest1117
Bitcoin (BTC/USD) - Trend, Resistance, Support - Weekly - 2021Bitcoin (BTC/USD) has been in a weekly uptrend for the past five years (2016 to 2021). BTC price is currently seeking to re-test previous all-time-high prices of $60,000 to $65,000. Bullish scenario: -Weekly uptrend continues, resistance levels are broken up above, higher-high is set. -Resistance prices: $60000, $62670, $65000, $70000, $79604, $96068. Bearish scenario: -Weekly lower-high is set, price is rejected back down to previous support levels. -Support prices: $46253, $37810, $31378, $25000, $20739, $12097. Note: BTC chart is on logarithmic (log) scale.
BITSTAMP:BTCUSD
by NoFomoCharts
BTCUSD; Where to next?Brief Technical Analysis: According to the Daily, Btcusd had been consolidating around the 50k zone before it declined to a newly recorded low of $28,970. In essence, sellers entered the market at approximately the 64k zone as they were eager to short on May 12th 2021, following Musk's tweet expressing that the electric carmaker had allegedly suspended vehicle purchases using bitcoin, as he anticipated environmental concerns with the Cryptocurrencies computational “mining” process. This was ultimately detrimental to the price level of the coin as not only did it mean that Elon's tweet wiped over $300 Billion from the Crypto, but it also intensified the selloff amid fears of the currency's value. In the process of recovery where the price did not manage to fall below the $28,000 support level, some bullish momentum began to pick up as it rallied approximately 15%, providing buyers with a redeemable entry opportunity. Price further spiked to reach resistance at $40,720, where some CEOs of major tech giants had expressed their enthusiasm for Bitcoin. This eventually unleashed some additional bullish momentum as it broke the resistance level causing a broader audience to buy into the market. Furthermore, a second resistance level was established when sellers failed to maintain their shorts, and buyers sought to outpace them in the market as the coin continued to surge. It is currently floating above a vital support level where we could potentially see the Crypto heading upwards at a faster pace before the market corrects once again. Fundamental Analysis: BTCUSD has been quite an indecisive instrument over the past few months. It has projected a 52-week price range of between 9,891 (Low) - 64,788 (High), as it fluctuates in accordance to various market conditions. Expectedly, it had also encountered some fundamental support prior to its bullish run by the Tweet Artist Elon, who is the founder of one of the major EV companies Tesla, as he influenced some of the crypto's major price movements. In this instance, some people may perceive the Cryptocurrency to not be as robust in overcoming some fundamental sensitivity however, it has indeed experienced some vast sell offs due to pessimism about its future as it competes with some newcomers. Despite some talk regarding the rise of other Cryptocurrencies attempting to gain some hype in the market, Bitcoin is still amongst the top including Ethereum, Litecoin, and Ripple. However, one ideology concerning its survival within the market is supported by the skepticism in some audience regarding its present bullish run, that may not last as long as anticipated due to the severe volatility associated with the coin. This questions its future price level considering that individuals would hover towards other less volatile coins to exchange with, so that the risk of it becoming a liability for them in future is drastically lessened. Moreover, in defiance of some of the other major tech company CEO's such as twitter founder Jack Dorsey who currently vows for the Cryptocurrency, many major institutions such as MasterCard, UBS, and JP Morgan, have been injecting funds of up to $65 Million Dollars to support a Start-up endorsing Ethereum, as one of the other major Crypto players. Another factor to take into consideration is the future rise of CBDCs, also recognised today as Central Banking Digital Currencies. At present, Cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and Stellar may be stealing the spotlight however, Central Bank Digital Currencies aren’t too far away from the implementation process. The problem with decentralised virtual currencies is that they fluctuate too often and are extremely volatile, which makes it inconvenient for commercialising with different methods of transaction as well as price setting for goods and services, providing that its severe volatility correlatedly promotes a presumptuous inflationary gap. To summarise, in order for Bitcoin to gain the people's assurance of its stabilisation as a dominating decentralised method of exchange, the implementation of some sort of Price floors and ceilings is vital for its long-term role as a trusted Cryptocurrency that individuals can rely on during any point in their lives.
BITSTAMP:BTCUSD
by adelmourad
1
M2 And The Bubble Zone - When It's Better To Be In Cash For a while, I've been looking at SPX versus M2 money supply. This is essentially a way of looking at the relationship between cash and assets. I've also been watching the U.S. Dollar index (DXY), and how it's reached a standstill - neither in a downtrend nor an uptrend. What happens next seems impossible to predict, but I think it's important to watch the SPX/M2 ratio. Historically, it appears that it's better to start accumulating cash once the ratio reaches this current level - a ratio higher than this has ONLY been seen during the dotcom boom in the late 90's. In this analysis, I make an effort to explain these complex relationships. In the end, I may have more questions than answers, but this is what keeps me going. I'm just along for the ride. Here are some observations: 1) The demand for cash tends to go up once the market has reached its peak (look at how DXY continued to climb after the dotcom bubble pop). DXY also went up as the stock market crashed in 2008-2009 during the financial crisis. The demand for cash also increased momentarily during the COVID market crash in March, 2020. These events are marked in purple on my chart. 2) DXY does not always go up while stocks go down, or vice versa. Instead, when they trend up together it can indicate that the market is getting closer to a peak. The dollar was quite strong during the final phase of the dotcom boom. Money printing basically stopped between 1990 and 1995 (look at the M2 chart by itself). It also stopped briefly after the stimulus in 2009. The money supply does not decline, but it can slow down. DXY often goes down the most aggressively when markets have ALREADY BOTTOMED OUT. An exception would be 2008, where DXY dropped like a big heavy stone before the market crashed. This is probably because the financial crisis was fallout from a debt bubble in the housing market, where the demand for cash was low. 3) The largest market expansion where stocks outpaced M2 money supply occurred between 1985 and 2000, showing that Reagan's Neoliberal economic policies worked (at least for those who already held stocks, and corporations). Yet, as we know, inequality has increased drastically during that time and wages have stagnated in the U.S. These policies mostly benefitted the wealthiest people across the globe, and the U.S. has slowly (and now quickly) become more politically and socially divided. During that 15-year period, the value of cash plummeted from its peak, and the demand for dollars remained somewhat low. The money went into innovation and wealth generation. 4) Generally speaking, regulators seem to not like seeing growth outpace money supply much beyond this level. 0.22 is historical resistance. So the talk of "Tapering" and lowering interest rates makes sense here. The next section is about why things are getting interesting. But, there's an elephant in the room. The stock market peaked at precisely this level against M2 in 2007. At that time, SPX was only about 1/3rd of its current value. This is because money supply has increased by the same amount. This money supply has allowed for the liquidity necessary to propel the stock market to current values. Printing money should (in theory) devalue said money. But that's not what's happening. Instead, dollars remain neutral. Additionally, the demand for debt seems high, with interest rates at historic lows. So could the demand for dollars be coming from elsewhere? It could be because many economies are unfortunately tied to the dollar, and are in massive amounts of debt. As hyper-inflation hits many nations around the world, the demand for dollars on their end increases. In this case, are cryptocurrencies a remedy? El Salvador seems to think so, but we don't know yet how things will evolve. If I were an economist, I'd probably have a lot more insight about this. Or maybe I wouldn't. Maybe economics is truly just a bunch of guesswork. There are a lot of moving parts here, and it's quite complex. So much so that it feels like a puzzle. Perhaps there is no "figuring it out," but clearly I enjoy thinking about these things. Conclusion Based on the above observations, it seems that we are in a period of uncertainty about the U.S. Dollar. It doesn't seem like the low demand for cash has hit the market yet. We will need to see DXY head below 89 to at least confirm that dollars are still in some sort of downtrend. If cryptocurrencies can achieve Gold's market cap in the near future ($11 Trillion), we could see Bitcoin and Ethereum become reserve assets themselves, so their relationship to DXY may become influenced by other variables. The general uncertainty and unease are understandable in a world characterized by a pandemic, ideological radicalization, and climate disaster. Not being able to pinpoint a narrative for humanity is reflected in the markets, with how irrational things have seemingly become. What we can see is that SPX could be finally about to break out against M2 money supply. Even though SPX has gone 3x since its 2007 peak, the amount of cash also increased by the same amount. Is this true growth? I think investing in infrastructure, green technology, and other important things can fuel some real expansion. I would LIKE to see SPX break away from M2 here. This growth could result in bubble-like behavior in the stock market. But this kind of emotional excitement is helpful in getting industries started, as a large amount of capital flows into them. I would like to see this with green technology and more sustainable innovation. If SPX breaks out, that's when accumulating some more cash may not be a bad idea. Even accumulating cash at this resistance level could be a smart move, considering what happened in 2008. Are we headed towards a train wreck? Or are we already in the train wreck and trying to work our way out of the rubble? The universe has an interesting way of transferring energy. As chaotic energy ebbs and flows within markets, other dynamics change. Let's see what happens. This is of course highly speculative. I am not an economist nor a certified financial advisor. This should not be taken as a recommendation to buy or sell. -Victor Cobra
TVC:SPXLong
by VictorCobra
10
CHF/SGD DAYTRADING! - FOLLOW for daytrading updatesHello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the pair CHF/SGD where we had a nice impuls and corrective move. Structure kept on breaking above and now made a lower low/high. Bearish pressure is allready pushing market-price down. We also have seen the counter-trendline break wich indicates we are bearish. Last but not least we see the market create a potential H&S wich also indicates the bears are ready. So now we wait for our indicators to give us a valid entry and when all rules are satisfied we take the trade. Have a good week!
Long
by FXT_TL
BTC/USD - weekly Analytics + Altcoins 09.08.2021In our opinion, bitcoin has been in the rising trend since the false breakout of 20.07.2021. The local correction from 01.08.2021 to 05.08.2021 finished with the impulse growth, which indicates the future rise of the quotes. Globally, the next target lies in the area of 48.000 dollars, after its overcoming the road to conquer the mark of 58.000 dollars will open. We consider TRON and HIVE as the most perspective coins for development of a steady growing trend. (the idea is confirmed by local growth impulses)
COINBASE:BTCUSDLong
by Yosu_Fund
FIAT RETURNING BACK TREND - US DOLLAR AND MORE WHAT MEANS THIS?Hello trading friends, This is an extra update for BTC about the USA dollar and other FIAT. we see a trend where the fiat looks to get enter back, for which this reason it's not clear. Those who follow our charts know that we never choose a side and trade Long and short, we trade 100% depending on data, and if data shows a breakdown trend then we follow. know that live data can change with time and that there is not called 100% into trading. Data of USD dollar shows a small increase trend. what could be interesting for more users. It was an interesting topic about the study we found that it shows returning fiat in small trends, what this mean or will do for BTC, we will see coming time. We already did upload a chart expecting with a new main target for possible 6% breakdown or more to 36k + - area see here below ✅Like and subscribe to not miss a new idea!✅ Thank you # Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment
Short
by watchtrend
2
XAUUSD !! Fibonacci levels of this week Hi guys . The most used thing in this market is the Fibonacci support and resistance levels, but everyone draws it according to their own mind. There is only one way to draw it correctly and I have drawn you to the correct fibonacci levels in this post, let's watch and see the reactions from these levels. If you want this drawing technique as a training video, please write it as a comment... DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
OANDA:XAUUSD
by Wolf_of_Trading
34
Found something awesome about DXY and BTC!Hi every one today we wanna talk about something that Is pretty Interesting and quite awesome for Crypto Traders! so we observed the chart of DXY and BTC and from last year they've been moving in the opposite direction! pay attention to the charts! you can see that the price of BTC starting from may 11th 2020 has started a bullish rally while on DXY chart the price has the started a Bearish movement exactly starting from that date! and In a single year DXY has kept Decreasing and BTC kept increasing . starting from may 11th 2021, DXY has started a bullish movement and you can see that the BTC price has started a bearish rally from that point. so we can come to a conclusion that If DXY moves (weather It's Bullish or bearish) BTC always moves in the opposite direction and of course Crypto market follows BTC. So this thing can be quite helpful for Traders such as you to understand the market better. Have a nice day and Good luck.
TVC:DXYEducation
by CobraVanguard
10