BTC breaking minor 15-min resistanceAccording to the Cosmic Channel Lite indicator, the price has broken a 2 day minor resistance level as indicated by 2 Cosmic Markers Lite markers, reversed down and stopped at another local Cosmic Rays Lite support. If the price rises above the last minor resistance level, the next major resistance lies around $28k.
Cosmic-markers-lite
BTC hovering resistanceAfter moving below the Cosmic Channel Basis Line the price fell until Cosmic Channel Lite Support and stayed hovering below that level. The current Cosmic Rays Lite resistance line is on its way down towards the price and is projected to meet it in the next several hours. This should be a key moment to decide the next major trajectory the price will take.
Cosmic Gravity near term resistanceOn the 1H timeframe the price is holding above Bottom Support and on the 15 minute the price has gone back up above Bottom Support while the Basis Line has turned bullish, suggesting a bullish movement is next.
The next common resistance for these timeframes intersects at 1H Major Support and 15 minute Basis Line .
Overlap of $BTC supports can pull priceWhen levels overlap across timeframes, in addition to acting as a strong price "wall", the point of overlap often also acts as a price magnet, attracting the price to test its strength. This is the situation shown in the chart, where both resistance and support overlap across the 6h and 15m timeframes. The short position stop and target are set accordingly.
23h $BTC short and long term levelsHere are the main support and resistance levels on the little known but historically precise 23 hour timeframe, using the auto-generated short term levels of Cosmic Rays Lite and auto-generated long-term levels of Cosmic Channel Lite :
24.5 (short-term resistance)
23.5 (long-term resistance hasn't been broken since June 2022)
22.6 (short-term support)
Baltic Dry Index drops to 2020 levelsCoinciding with talks of recession, the Baltic Dry Index (which can be thought of as the cost of international shipping of primary goods and so an economic indicator) is approaching the lows seen during 2020. With a 60% drop left to the 1D Cosmic Channel Lite support and Cosmic Markers Lite not yet flashing the strongest support signals the prognosis is bearish with a potential reversal at 270.
META neutral near Cosmic Bands top1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
EURAUD reversal with short targetThe 2h chart points show that if the price fails the current test of the Cosmic Channel Lite basis line from below, the next major support will be the top of the Cosmic Gravity support channel, where the short target is placed. Since the price is right below a major resistance level, the stop is placed only slightly above it.
DXY major overlapping support targetThe 6h, 1h, and 15 minute timeframes show the next concentrated support to be at $100.7 (thick red line), while the next minor 1D timeframe support lies at $100.1. The price hovering below the current 6 hour Cosmic BB SR support suggests further downward momentum.
UK 10 Year Bonds 3D short targetThe chart points show mostly bearish signals as the price peaks and starts breaking down through several major levels across 3 timeframes. The short target is set at a level where the next largest support levels overlap on all 3 timeframes and the short is set at the extrapolated max 3D resistance.