The ADX looks like it will soon be crossing below the 25 Line and Confirming the Downtrend as the USD/CAD Bearishly Consolidates below the Daily Moving Averages. My Targets will be the Square-Up between the 78.6% and 100% Retraces
(Considering Back-adjustment for continuous futures contracts: www.tradingview.com) Next targets: $14,265 $13,225 On the SMI of the DMI we have a bullish falling wedge.
CRO is the token of the Crypto.com exchange. Plotting the Fibonacci projection, the next target would be at $0.030
Bitcoin has broken above the one year downtrend and after months of trading around the 18000 mark, has now built up a decent floor of support below the market. We have, what I refer to as a confirmed buy signal on the DMI. This happens when not only is the blue line above the red line (+DI above -DI) but when the blue line breaks above the previous blue...
At first this is an analysis just out of curiosity, maybe it doesn't mean anything... The marketcap of a cryptocurrency is obtained by multiplying the price by its number of units in circulation. Then: BTCUSD = U$ 19 K BTC_SUPPLY = 19,176 M units BTC MarketCap = BTCUSD x BTC_SUPPLY = $365.3 B What would happen if the market value were evenly distributed...
If the index enters this yellow zone, it will be another 10% drop. The next support levels are found at the Fibonacci retracement. The DMI histogram is in an important region at -15. Looking back to 1974, the indicator has been in this region 12 times. 4 times it continued down, and 8 times it reversed up.
Celo is showing a rise on the DMI (histogram), while the price has been slowly falling, setting up a divergence. Long targets: 0.91 1.02 Short targets: 0.69 0.50
In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % =...
There is a rumor that the British government will need a lot of silver to mint its new coins, and that the high cost of energy can make this manufacturing cost soar. News aside, just looking at the chart we have this bullish wedge.
On the monthly chart it is above the exponential average of 55 and the retracement of 0.893. On the weekly chart it is testing the 200 exponential average: The moment of truth has arrived.
Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient....
Dominance is about to break the wedge. There is also a bullish divergence in the DMI indicator signaling an upward reversal.
In this video I show the major resistance that the S+P faces and is currently stalling at, I talk about the support levels which need to break which should trigger further weakness. But I also talk about confirmed buy and sell signals on the DMI, One that needs to go back on the radar. The Society of Technical Analysts' next course starts in October. Those...
Bitcoin dominance defines the market capitalization of BTC versus the total crypto market capitalization. When the dominance of BTC goes up, it means that the price of BTC performs better than altcoins. Otherwise, when it goes down, altcoins perform better. According to vertical lines, January is a definition month. The red lines indicate when there has been a...
Interesting test of March highs while DMI is signaling a potential bullish pressure is yet to be ended, we expect here some volatility due to profit takings of shorter term traders, however until the middle of the range is below prices we could wait for a weekly close above the resistance in order to trigger our longs over a bullish breakout momentum strategy.
The further the price drops, the closer to the end of the drop we are, and the riskier it is to open a short position. The risk-return relationship begins to not pay off. Despite all this bad news out there, I still see the sun shine and I still see children playing in the park...