Imredasouhail
$BTC Buy BackThe tables have turned completely in the last 8 hours, especially our last daily close, when we saw an extremely short-term buy-back reaction on BTC, ETH, and most alts.
We briefly retested sub $30,000 levels which have cleared most of the liquidity of an entire year, and it looks likely we'll now have a bullish move lasting at least a couple of weeks from here, in order to take our bottom shorters and catch upside liquidity.
what do you think about this $BTCAs we can clearly see that the previous pattern was showing weakness in the price action and the bitcoin crashed.
today with the price currently trading around 34200$ we can see that it's showing some strength and we can expect a bullish scenario from this level.
good luck!
$DXY is OverThe dollar index has been quite weak at this current resistance level.
I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames.
The Setup is crystal clear the Wyckoff price cycle is over.
USDT Dominance ChartBTC has seen that final mid-term leg down towards our $34,354 mid-term support where it's showing some intra-day strength that could develop into a mid-term rally towards $40,000 if the bulls manage to gain strength.
We're currently trading at one of our most important all-time key levels, especially while USDT dominance is approaching its all-time high resistance.
if usdt dominance got rejected we will see some fresh demand on bitcoin and alts but with a break above its all-time high, we might see a serious bear market that might continue for the rest of the year.
$BTC Update (CME FUTURES Chart)BTC is heading towards its closet gap which is coming at $32900, which is also an important support level, from where we have seen a good bullish trend in the previous wave.
The other two most important CME FUTURES gaps are at $46540, which BTC has to fill sooner or late
good luck!
S&P500 fell sharply and so BTC followed$BTC Daily Update📍
Thursday, May 5, 2022
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After yesterday's bounce on the FED rate rise and a perception of a less hawkish, today after a few hours of deep thought, traders have formed a more lasting near-term view that the Fed is far from dovish, has let inflation get out of control, and is still poised to dramatically slow down the economy through a series of 50 basis point rate increases. Thus S&P500 fell sharply and so BTC followed US equity markets. Inflation is still going to be a major problem throughout the rest of this year and beyond, which traders are worried about. It was good that we registered our early gains and booked partially on the rally, the rest closed on trailing and given stops.
From my experience, if there is a difference between Spot & Futures market, that just marks the Local bottom or local top.
In current context, 35k5 is the bottom. we will watch in the next 24/48h how the price can react at the daily support level before taking any actions.
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Good Luck!
$EUR-JPY Analysis May 1, 2022The price is showing some weakness recently and the bullish trend is getting messed up.
I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling.
one another confirmation this huge recent candle on 4h time frames shows high selling/supply pressure on the paired which might lead us to a further drop in price.
Good Luck!
$DXY Analysis May 1, 2022The dollar index has been quite unstoppable lately making new highs and breaking above lower time frames resistances.
I expect some corrections at this level, especially now we are approaching high time frames horizontal resistance which makes me expect it to go lower at least to retest the previous range resistance on 4h time frames.
The Setup is crystal clear Optimal entry below a BOS as shown on my charts.
Good luck!
$EUR-CAD Analysis May 1, 2022After confirming a bearish trend the EUR/CAD is making lower highs in a HTF bearish structure.
The price is also moving in a descending channel pattern in which the resistance is at the lower highs combined and the support at the lower low.
the setup is simply a swing short trader after confirming a new lower high plus rejection of the bearish descending channel.
$BTC Analysis May 1, 2022A new month has just kicked off
This could be the beginning of a very bullish month, for which we're still awaiting confirmation at A break and close above $40,000 for BTC
As i already told you, the market is looking decent for a bullish reversal, especially for alts considering that most have seen cuts of around 70-90% in the last 6 months. There are a couple of especially high potential picks that could make moves of 100-200% in the next 30 days.
$Crypto Total Market Cap April 30, 2022 the price action of Our total market cap acting out accordingly as explained and expected in the chart
Where the price action after forming out the 2nd Bottom of the Double bottom On daily time frame it went out to the resistance level of the monthly time frame and got rejected from the Resistance level which is marked at the 2.15T Level
Whereas the current price action is bouncing back from the Monthly Support level
i expect a further drop in price means money will leave the market again... I'll keep you updated.
Crypto Total Market Cap AnalysisThe price of Bitcoin has broken the $39,000 our key mid-term breakdown level, on higher time frames, will likely take us much lower towards $36,700 (Bullish Order Book) before another potential mid-term bounce.
The Crypto Total Market Cap is going to retest 1.7T for more liquidity grab thereafter, a reversal.
$ETH Analysis Saturday, April 16, 2022ETH breakdown horizontal support, which is currently acting as resistance, it is also trading below EMA200 resistance, but still, it is above Ichimoku clouds, indicating that ETH is still in a bullish trend.
Here a short-term downward movement is expected, while a successful breakout of the marked resistance, would confirm its bullish trend.
EUR/JPY Sunday, March 27, 2022EUR/JPY has been trading very bullish in recent days now it's trading at a major resistance level on higher time frames and the price is at an attractive supply zone.
I expect a move down...might see a bullish pullback
looking for some short entries...this might be an aggressive entry but wait for confirmation before you go.
Shorting $BTC at key long-term supportShorting at key long-term support...
That's exactly what most trading "experts” were doing over the past couple of days.
Everything while we were laddering our buy orders one over another, knowing what was about to come.
Now that BTC has broken up once again, already in deep profit and we're ready for even more profits over the next couple of days.
$BTC BUY Sunday, March 13, 2022i think the price now is getting ready to break above its consolidation zone which has been trading in for more than 3days
this will be a nice rally to take some longs
Whenever BTC went up below 38k, the funding rate turned to a negative value. This is the sign of bottom zone.
This doesn’t mean the market won’t go lower in this zone.
Simply if BTC goes dip a bit 3-7%, the recovery will be very fast!