SEIUSDT ANALYSIS 8 HOURS UPDATE In the previous analysis we said that SEI can go up from the range of the green circle.
The SEI rose without pullback into this range but later corrected to the green range and then pumped.
Now we have specfied the rebuy zone. if you have not bought you can enter position in the rebuy zone.
The target is red box
Closing a daily candle below the invalidation level will violate this analysis.
Eight
Bitcoin BTCUSD Pieces of EightBitcoin: BTCUSD Pieces Of Eight
Bitcoin lost the pull of the big parallel last night and then
drifted sideways. It then started to use the lower parallel as
resistance - bears came in where you'd expect them to attack,
just under the 10 mark. But no one panicked. Holders who
once exchanged one Bitcoin for an oz of weed weren't going
to pull out now. That ounce is now worth $10,000. Crime
pays. Bigly. Now everyone wants a piece too. And like pirates
fighting over pieces of eight, there are only 16 to 21million
Bitcoins to share out amongst every inhabitant of the world.
That sum means there are roughly 20 million Bitcoins to share
between 7.4 billion people. Like pieces of 8 there are not
enough to make everyone happy. So we fight. Over price. And
the price won't stop rising. How high can Bitcoin go?
Still, no one knows. But where there was a floor at 8000
established 5 days ago. That floor is now 9848- 9715. Swing
and long term hoilders can safely move or keep their stops up
to just under 9700.
Near term Bitcoin is now back testing the underside of the
same parallels it lost during yesterday''s session and although
it won't quit pushing, the parallel is arresting a surge in price
Why would anyone quit holding now except brave day traders
selling off the parallel? If they didn't bail out at 10 and just
under why expect them to bail out now?
Bitcoin remains a buy dips trade. Next stop 15,000. Anyone's
guess. 2, 3, 5, 7.5, 15 (10 does not figure anywhere),
Long term holders and swingers stay long. Day traders know
by now that palying against Bitcoin will take your fingers off.
Buy dips too. You can't fight this. The writing is on the screen.
"Bitcoin has been weighed in the balance - and has not been
found wanting". Long story short: Bitcoin still rocks and should
hit 15 quite soon. Buy all dips and hold. Just like everyone else.
the KIWI to go short post NFP resultslooking at the current levels of resistance we may see an opportunity to short this pair on any pullback on a 4 hourly to 1 hourly timeframe after a strong sell off yesterday with a fully engulfing bearish candle.However
I would remain cautious until post NFP announcements .