March2022
US Small Caps ($IWM) Small caps looks a bit tired, just hit trend resistance from 2001, and has been on down trend since.
Monthly RSI is also showing that we have turned down, which means increased likelihood that we are revisiting 100WMA (golden MA) or lower soon.
Monthly RSI might hold at this level and reach to upper trendline again, but R:R ratio is a bit... meh.
HOWEVER, relative to SPY small caps still present good value.
Update on BTCUSDT chart for March 15 to 22There does not seem to be any good actions of long or short until March 15th.
Then this might be all wrong because I am a noob at trading.
Following March 15, a slight upward movement
However I do not think that 34 would be broken, due to lack of interest in buying and selling parties according to the volume profile.
Even though a downtrend during 18-19th, particularly after 20th, upward movement seems more likely.
Two longs for the less possible green trail.
One short and one long for the a highly possible red trail, if it crosses the 34k line.
One good long for the most possible purple trail, following the triangle pattern after a drop to 37k.
And finally, for all BTC fans, albeit least likely, a magnificent yellow to long at, following a surge that reaches 45k until 15th.
Some possible paths BTC might take on 3H ChartThe race starts at Step 1, Step 2 defines the path it may further take.
Please follow the color coding at March 15th.
Then this might be all wrong because I am a noob at trading.
One short and one long for the a highly possible red trail.
Two longs for the less possible green trail
One good long for the most possible purple trail
And finally, for all BTC fans, albeit least likely, a magnificent yellow to long at.
Bon chance!