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EURUSD Buy aiming a pull back with the potential to create a higAfter a bearish NY session, EU consolidated throughout the entire asian session, therefore creating a lot of liquidity. Right below liquidity we have the major 1.18000 level in confluence with an imbalance, institutional candle and last point of supply. I would be taking this trade if It approaches this area between today's London/NY and tomorrows London. Couple confluences that make this set up look good! However, worth mentioning that we do have some liquidity still sitting below and market could go for a deeper retracement, because of that I'm going with less risk in that trade.
Long
by Lucca_P
Correction has come, but how large?Hello hello beautiful person! The divergence in RSI and other indicators have present for some time, but the FOMO in DEFI has been an amazing rally; combined with an above normal public awareness in internet and Televisions. We are seeing a correction now, but the question is: how strong, and is this the one I have been anticipating? T he chart The chart is in Heikin Ashi, NOT price candle RSI is showing divergence Stochastic is showing divergence CCI is also having divergence, but most importantly has not crossed to negative area (but in price candle chart it has) Nearest strong support is EURO 9526, which we will hit if the correction is of any noticeable strength. If it is not hit, I believe that the hype will continue until previously suggested month. Strongest support is area around EURO 8338 - 8000, which is a combined highest volume price level and previously tested support line. Conclusion There is too many moving parts in this economy now that is mixing with BTC, and makes it close to impossible to make any safe`ish TA predictions. The world are seeing a spike in the number of infections as predicted, and larger companies have reported negative financial reports as predicted. It is unknown how the nations governments will react and how the sentiment of the market will respond. The overall notion I have is that BTC will increase as well as adoption, but I am not convinced it will happen this year as many others believe. It all depends on how much the nations governments around the world can and will do in order to try and protect the bubble, because we will see more negative numbers or stagnation on balance sheets (on many of today large cap companies) this year and next year. If nations are "all in" to protect the bubble, I believe we will not see the "real" rally of BTC until next year (inflation from fiat included), but we will see a good increase in price this year. The good price increase, I would reason as a trend along with gold. Insecurities in the market and investor hedge in BTC, and precious metal.
by egilagre
2
Time to Buy or Sell the digital assets?The BTC/USDC pair has been trading in a narrow range located between the levels of 11,800 - 11,900 and continues to move within the growth and upward channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines as shown by Bollinger Bands Width (BBW) , which indicates pressure from the buyers of the asset and the potential continued growth of the asset’s quoted prices. This market behavior might indicate a distribution phase close to this year's highs, so it is worth keeping an eye on the level of 11,900. Any violation of this level might lead to a corrective cycle development towards the next technical support seen at the level of 11,600. However, if the bulls will decide to continue buying, the yearly high located at the level of 12,000 is possible to reach very quickly. The next target for bulls is seen at the level of 12,500. The daily time frame chart remains bullish. The trend on the BTC/USDC pair remains up and there are no signs of a trend reversal, so buy orders are preferred in the mid-term. The next mid-term target for bulls can move above 12,500. The key breakdown of technical support is seen at the level of 11,000.
Short
by LATOKEN
2
Mind the Gaps BroCheck out my new blog post: www.derzzycharts.com The SPX has more holes than the Swissy! We’re talking big swiss cheese holes. They are up, they are down, they are all around! So how can we see this playing out? Well we can look the momentum that is currently taking place and assume the upper gaps will be filled first. Its a stones throw away at roughly 3% upside. As for the other lower gaps? Well that is a little less certain. We would have to see volatility return with a vengeance to see that happen. We are talking VIX 50-70. If we go down to the last gap, I would say that we go below the 2200 support level. This would also give us room for a bullish divergence on the weekly RSI, which is a good indicator for the start of a new bull run. But for now, all we are looking for is a place to take some profit, and seeing an RSI bearish divergence on the daily would be a signal. We need to see the price put in a higher high and the RSI put in a lower high. A key thing to remember here is these gaps don’t have to fill in the short term, or even at all! They could fill years down the road if we go to 4000 and go through a 50% correction. It is just important to know that they are there. We will stick to our process and be bullish until we see an RSI bearish divergence on the daily. Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
TVC:SPXLong
by derzzycharts
3 big drops since BTCUSD ATH and the next move is going to ...Given that: For the time being, Bitcoin (BTC) is well correlated with traditional markets. What this chart shows me: Bitcornz on the Weekly TF. 3 major drops since ATH. All the bullish rallies and comebacks to date have yet to really break free of the downtrend, however it's above it longer now the previous times. it's like watching an asset dance on a knife edge for as long as it can before it makes the next move either way. How The Biggest Whale Affects Everything: As long as the Fed keeps buying the FAANG bonds and basically p0wning the market / transforming the USA into more like the USSA .. central Kontrol over everything. ... well as long as the charade lasts, trads keep up the PAMP and bitty may ride along, for now, anyway. The Great Comparison: However if you look at the markets compared to right before the Great Depression ... Well ... it basically looked a lot like this. See DJI for example. Highly overvalued stocks being propped up by artificial cash infusions in to the markets. and there was a signal dump and recovery and then shortly after there was the big drop. It looks an awful lot like that now, too. of course systems are "stronger" now but still ... the system is also so much bigger .. the damage from any crash now or in an even larger, more centrally controlled future, will be proportionally bigger as well, in all likelihood. WDUT?
COINBASE:BTCUSD
by stepstones