A month ago SPX topped close by the previous ATH at a resistance area with an engulfing candle, a clear reversal signal, just a couple of weeks after DXY (dollar index) started to raise again. Yesterday we had the exact same pattern occur, an engulfing candle to the downside, at a previous resistance level. Today Jerome Powell presented a hawkish stance of the...
Waiting for this cycle to unfold I'm starting to see 2 repeats of the same scenario not 3-4 cycles like some believe they have lived through. Cycle 1 & 2 both have this "accumulation" at the macro channel bottom hovering just under the 100 2 Week Moving Average How this plays out is the 30 2 Week Moving Average clamps down onto the 100 right before making a...
Hello everyone, I invite you to check the current situation on BTC in pair to USDT, taking into account the interval of one hour. First, we will use the blue lines to mark the downward channel from which the price went up at the uptrend line, but now we can mark the local channel in which the price dynamically went down. In order to determine price support, we...
CRYPTOCAP:BTC bottom nearit’s major support level on the daily chart. The bounce-off the support level and bullish movement to resistance level at FWB:31K is possible.
This Bitcoin (BTCUSD) study is centered around the MACD Bullish Cross that took place on the 1M time-frame two months ago. Since 2014, the 1M MACD has formed a Bullish Cross another 3 times. In all cases the 0.786 Fibonacci retracement level was hit either before (only time the June 2019 Libra hype) or after. At the same time, the Symmetrical Support level from...
On Tuesday, Bitcoin made a new low at $25,350. The next day, it bounced to $26,800 and then faltered back down to the proximity of $26,000. During the past three days, there was a slight accumulation of Bitcoin among the biggest players (reflected in the growing number of BTC addresses with holdings exceeding 1,000 tokens). In the meantime, technicals on the daily...
RNDR was great early in the year, but is losing it's gains in a quick manner. This trade is based on the idea that RNDR will give away most of it's 2023 gains and will move down towards the support level of the triangle. To increase the risk-reward, I'm going for an aggressive entry at 1.44, stop just above the recent local high, target at the bottom support of...
If you enjoy this analysis, please like and follow. The dollar index, DXY, has been trading bearish for nearly 10 months. This has allowed both the stock- and the crypto market to rise substantially during 2023. However, the DXY has broken out through the bearish resistance, making way for more gains. Consequentially, stocks and crypto have started going down....
Stock and Crypto markets should be aware that, while DXY appears to be in a free fall lending fuel for the recoveries we've been seeing across markets, it could yet turn back up - thus greatly shortening the fuel for these recoveries. Scenarios: - Very Short Recovery across markets -- DXY turns up here somewhere between the middle of the weekly or monthly...
seems like as already bottomed out and getting ready for massive bullish rally testing trendline in 2 days tf incase of breakout expecting massive bullish rally Incase Of successful Breakout expecting move towards 0.50 to 0.55$ in midterm
The direction of Bitcoin in my opinion: In my opinion, first the price will go down to 20700 and this range, and then we will have an upward movement according to the chart I posted.
NEW Forecast of TVC:GOLD : Well, friends, as you can see yesterday, after the analysis that was presented, as I said, I was expecting another drop, and the same thing happened a few minutes later, and the price experienced a heavy drop from $1898 to $1885, that is, more than 120 pips of price correction! After that, the price could not reach the Last LOW and by...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour timeframe. As you can see, the price has returned below the local uptrend line. Let's start with the support line and as you can see the first support at which the price is located is $26089, then the second at $25912, the third at $25667, and then the fourth very strong support at...
Hello, friends! Today, I'm excited to provide an update on the 2-h chart of Bitcoin! In my previous analysis, I predicted a potential downward movement towards the 27,400 level, and the pricing appeared quite bearish. Subsequently, the price can experience a further decline, reaching 26,400. The next steps in price action allowing us to gain a clearer...
FTM has been one of my favorite tokens during the bull-run, but has lost nearly all of its value over the last two years. In my eyes, there's potential for more bearish price action in the future. I think that FTM can fall as far as 0.05 USD. Consequently, this would be my ideal area to step in for a long-term position. I'm waiting until the price closes below...
✅Bitcoin managed to break the Resistance Line an hour ago (as I expected). Be sure to visit the post below.👇 ↘️Bitcoin is pulling back to the broken Resistance Line . 🌊According to the theory of Elliott waves , we can consider Bitcoin's pull back to the resistance line as wave 4 . 🔔I expect Bitcoin to go UP to at least the upper area of the 🔴...
Exploring Bitcoin's 1-hour timeframe unveils two distinct price structures, offering insight into the forthcoming price movement. The current price range intriguingly aligns with the Wyckoff Theory's Accumulation Model. A simple comparison between the image above the price action and the actual shape reveals a striking resemblance, complete with creek and spring...
Morning folks, just minor update for our setup - we keep 24.7K intact. BTC has got unexpected support from the drop of the US interest rates, but we consider this as temporal moment. Still the butterfly pattern has not been formed. For now, we see upside target around 27K, and this is the first level where BTC could turn down again.