Market Breadth 2023-01-23The main focus is on setups and scan outcome, that will provide viable opportunities.
Market Structure : Duration bearish market (stocks move in tandem, occasional oversold rallies).
Primary Indicator : Green (bullish continuation and bearish reversals are favorable).
Secondary Indicator : Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI: 67.70.
MR10 : Bullish Continuation - Midpoint. SPY (30 MBC) - QQQ (51 MBC) - IWM (35 MBC)
20 percent study : +27/-6.
Conclusion : Bullish expansion and acceleration in last session, which seems to indicate continuation. Move is not considered at the start, neither overextended as presented from MMFI and MR10. Will run 9 million and combination scan with a positive expectation. In terms of DT will be considerate at 30-45 min of open and observe whether momentum will accelerate or not; due to intact market theme and selective gaps.
Market
BTC 4H TA!BTC looks like it will do its pullback like the previous charts. BTC hits the target and instantly sells off quickly as massive bears come in. We will see it found resistant somewhere around $19200. These are daily and weekly analyses. Follow for a more free analysis. Post below your thoughts; I would love to hear your ideas if you want me to do a TA for any coin.
~Cryptowhale100Billion~
GALAUSDT NEST MOVE!!!!!Here you can see GALAUSDT in 1 day time frame has a SUPPORT at the zone "0.04305". And the candle already has taken BREAKOUT from the yellow reandline and if the candle tries to take retest in the trendline we can see a good ullish movement in price. So you can go for a risky LONG TRADE at the support zone. and if the price takes breakout from the support then we can see a good downfall in the market.
MARKET BULL SEASON ( ALTCOIN SEASON )Crypto coins started to be discovered. Everyone wants to be rich. And this is why it is turning to altcoins instead of btc.
Especially the Shit coin Doge, Hot, Btt, Chz, etc. It will turn to pump coins. Season is PUMP season.
If the first areas are happy, the last ones will suffer great losses.
Sorry, these are the Facts.
You can wait for years. It is useful to be careful.
Because when they get what they want, they have nothing left to buy from you.
Sorry, Doge will finish the season with Btc.
For now, I see it as May 31, 2021.
Stay tuned, ahead. I'll share the exact dates.
Enjoy it very much on May 31st.
Pay attention especially on May 24th.
Hill Hunt will go out (ALL TIME High will come).
Look at the top selling. May some others win.
Getting out in the right place is most important.
This season is the season of disposal.
Move up, those who open Short can do a lot of damage.
When the bear season comes, we will lower the prices together.
Pay Attention to Your Stops.
Continue...The increase in rates will begin to realize itself closer to March. FRS does everything right.
Taking into account the Fed's policy for 2023, macroeconomic factors and banking policy, 2023 can easily become the year of the red candle or the continuation of the downtrend.
Let's now go deeper into the economy and see what is happening in it now.
We all know that the credit policy of the USA and the EU for individuals. the price is very profitable. Interest rates were very low, and housing loans were even negative. All this led to individuals grow lending themselves to the ceiling of their salaries. Not the way I teach you – to calculate only from net income – namely from a salary on paper.
Due to the increase in interest rates, % on loans begin to grow and payments from individuals grow with them. All this, at a distance, will lead to the fact that many people will have to start selling their property in order to pay off their debts to banks.
Market Breadth 2023-01-20The main focus is on setups and scan outcome, that will provide viable opportunities.
Market Structure: Duration bearish market (stocks move in tandem, occasional oversold rallies).
Primary Indicator : Green (bullish continuation and bearish reversals are favorable).
Secondary Indicator : Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI = 64.56.
MR10 : Focus is bullish continuation.
SPY: -22 None
QQQ: -2 bullish continuation + Mean
IWM: 0 bullish continuation + Mean
20 percent study : +22/-7.
Conclusion : Yesterday weakened acceleration in the downtrend followed with some upside momentum which also is represented in PM, possible bullish short term. Will run 9 million, combo scan and be selective. DT in case market indicate acceleration to the upside. Yesterday indecisive candle as break reference, observant first 30-45 min of open.
Some potential range scalps/Day tradesAs price comes to these levels I would look for either a divergence on the 1 hour or just a trigger wave with the lower time frames showing clear divergences with money flow going in the direction of each trade and the vwap curving towards the 0 line also in the direction of each trade
📈 Total Crypto Market Cap. Better Than ExpectedI was expecting to see a strong drop, a retrace right after the market grew by more than 300B... This didn't happen.
The TOTAL Index chart is looking better than expected.
We know this one and BTCUSD are quite similar which is normal of course, since Bitcoin is the biggest crypto and thus drives the market to follow whatever it does.
MA200 has been tested as support and it holds.
This is good news as it can open the door for additional growth.
We have a bullish cross of EMA10 and MA200, this is amazing news as it can push everything higher up.
The RSI as it is, support another rise in price.
If there is any kind of bearish action, it should be fast but short-lived.
At most, it would be some sort of shakeout because the bulls are fully ahead... There is really nobody to sell, sellers are exhausted and that is why consolidation is taken place.
No weak hands left?
Then crypto can move ahead.
Namaste.
Market Breadth 2023-01-19Index : Duration bearish market (stocks move in tandem, occasional oversold rallies).
Primary Indicator : Green (bullish continuation and bearish reversals are favorable).
Secondary Indicator : Rare bullish breadth thrust 12 Jan. MMFI >72 (overbought or bullish acceleration in market turn). Countermove attempt 18 Jan.
MR10 : SPY (-4 None) / QQQ (21 bullish continuation) / IWM (25 bullish continuation) = Recommended new focus is None.
20 percent study : Up 43 (extended movers, indecisive candle) and down 10.
Conclusion : This bullish move happened unlike previous ones (without oversold condition / market new low). The breadth has been very bullish, was however inclined to hit a wall which happened 18 Jan, which in advance had a proper reversal indication. Whether we continue with a minor correction towards the mean and consolidate (rest of week) before upside or break into new lows are hard to tell at this point. Based on historic price action we will continue lower (bounce into breakdown), but this move happened outside these conditions so be attentive.
Actionable : Primary indicate bullish continuation / bearish reversal and most point toward the latter on the short term. Will focus on daytrading with decreased size and wider stops (fade risk has improved). Will only hold top quality setups from the 9 million scan.
Bitcoin FuturesSubscribe and get a free trading strategy for Bitcoin and other instruments every day!
Hello, my friends!
I wanna show you price GAPs today.
As you know it usually should be closed by the price.
There are no such GAPs on the usual chart but you can see them on BTC Futures chart by CME
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
200K FOR BITCOIN Baby Shark, doo-doo, doo-doo
Baby Shark, doo-doo, doo-doo
Baby Shark, doo-doo, doo-doo
Baby Shark
Mommy Shark, doo-doo, doo-doo
Mommy Shark, doo-doo, doo-doo
Mommy Shark, doo-doo, doo-doo
Mommy Shark
Daddy Shark, doo-doo, doo-doo
Daddy Shark, doo-doo, doo-doo
Daddy Shark, doo-doo, doo-doo
Daddy Shark
Grandma Shark, doo-doo, doo-doo
Grandma Shark, doo-doo, doo-doo
Grandma Shark, doo-doo, doo-doo
Grandma Shark
Grandpa Shark, doo-doo, doo-doo
Grandpa Shark, doo-doo, doo-doo
Grandpa Shark, doo-doo, doo-doo
Grandpa Shark
Let's go hunt, doo-doo, doo-doo
Let's go hunt, doo-doo, doo-doo
Let's go hunt, doo-doo, doo-doo
Let's go hunt
Run away, doo-doo, doo-doo
Run away, doo-doo, doo-doo
Run away, doo-doo, doo-doo
Run away (ah!)
Safe at last, doo-doo, doo-doo
Safe at last, doo-doo, doo-doo
Safe at last, doo-doo, doo-doo
Safe at last (phew)
It's the end, doo-doo, doo-doo
It's the end, doo-doo, doo-doo
It's the end, doo-doo, doo-doo
It's the end
TOTALSubscribe and get a free trading strategy for Bitcoin and other instruments every day!
Happy New Year and Merry Christmas my dear friends!🤑
As you can see in this chart TOTAL cryptocurrency market cap is in the demand zone at the time.
I show you the next zone near the 820B where it can go soon.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
BTC/USD 1M. Monthly chart. Global trendHere's the global - main - trend of Bitcoin from the Bitstamp chart.
We see a channel forming here. Now Bitcoin is near the support zone. All the main details by my view are shown on the chart.
Still not all the details, not to make the chart messy.
Locally(from the perspective of the monthly chart) we see a down trendline forming here(orange). We can potentially reach and broke this trendline in the near future.
If we don't break it now - our potential then the nearest monthly support level, which is 13880$.
Still. If we break this local downtrend we can reach the monthly resistance zone which is 38500-45500$(shown on the chart). The POC of all distribution of 2021 is around 36000$. So this same zone might be the medium of the potential future distribution.
Eventually, we are still to reach 13880 support zone in my opinion. Also, if you pay attention, the same price movement that was in 2017, when we reached 20k$, might happen this time also, but this time in the other side. It's be a squeez from the support of the channel down. Exactly the same percent down, as it was up in 2017, is precisely the 13880$ level. You can check it by yourself.
So there are basically 2 main scenarios - break of a trendline and reach of 38-45k$ zone. Or not break of a trendline and then we reach at least 13880$. Everything is quite simple.
BTC vs USDT.D - Who Follows Who? 👀Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on USDT.D to feel the overall crypto market.
📚 And today I wanted to show the correlation between BTC and USDT.D
- Last week, BTC broke above the last major high in orange and blue 19k resistance, while USDT.D broke the last major low and 8% support.
- BTC is currently sitting around a strong resistance zone in green 22,000 while USDT.D around a support zone 7%
- For the bulls to remain in control for BTC, we need a break above 22,000, which would be USDT.D breaking below 6.8%
Meanwhile, a rejection would be expected.
And so on... the picture is self-explanatory.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SPX (S&P500 Index) - Potential Breakout Before Earnings 01/2023 The SPX (S&P500 Index) price is attempting to breakout above $4000, as earning season kicks off on 1/17/2023.
Bullish scenario: Inverse Head-and-Shoulder price pattern breaks out above $4000 resistance neckline zone. Resistance targets would then be $4085, $4300, $4600.
Bearish scenario: Double-top price pattern rejects price and drops back down to $3900, $3800, $3600. The bottom of the yellow descending wedge trendlines could be an area of support.
Note: be aware of any corporate earnings, breaking/global/fundamental news that could override technical chart setups. Fibonacci retracement levels were selected from 3/2020 to 1/2022.
AGI to the upsideAGIX has more damage incoming. Based up the falling wedge I see a projection of .33 cent incoming for AGIX.. get ready for the explosion to the upside.
Reasons why Bitcoin shot up above $21k.The value of bitcoin has changed since the start of 2022 and now stands at fresh lows.
The market value of BTC has just grown as it surpassed $21.8K.
Washington's concentration on cryptocurrencies is one factor that has contributed to the advancement.
The price of bitcoin dropped to new lows in November and December 2022 as a result of increased vulnerability. The continuous lows, both long-term and short-term, worried investors. Its value was constant in the last week of December, although there had been no discernible rise.
The most recent changes show that Bitcoin's value has increased since crossing $21,000 and is probably going to rise even further. Here is a quick overview of recent Bitcoin developments and the elements that have led to its current rise. Because of the current trend, it is time to buy Bitcoin once more. For a week, the trend has been good, and now is the perfect time for investors to capitalize on it. It is conceivable that Bitcoin's price will retest its all-time high, which might be a sign of good things to come. The preferred course of action for interested investors is to go on a spending binge. The value of Bitcoin has persevered through numerous setbacks, and the current trend may mark the end of the crypto winter.
An improvement in client security may create a beneficial climate for investors. When big brands crumbled and there was no way to stop it, investors felt in the dark. When a result, anxieties grew as the global market cap value fell below the $1 trillion threshold. There is a possibility that its worth will increase further if the market continues favourable.