Neutral
More detail to bitcoin analysis.I'm still undecided on bitcoin.
Below 42000 I'm still bearish.
If 36500 continues to hold I'll eventually turn bullish.
Also it's overcast cloudy out today. That always bums me out.
Bitcoin - NeutralBitcoin has rebounded sharply from dropping towards $30,000 on Sunday predominantly due to the Chinese government's plans to ban all Bitcoin mining. However, we would want the cryptocurrency to consolidate above resistance at around $40,000 and the 50 day MA move back above the 100 day MA to take a long view. This is because Bitcoin wasn't able to consolidate back above $40,000 as it bounced back from the initial mid May correction and given it's volatile nature prices could easily drop back towards $30,000.
Inverted HS. 40k soon?I am still neutral on this but:
White path seems to be an inverted head and shoulders.
Hopefully can take us to 40k USD.
40k asap bulls, otherwise this target will become harder and harder to reach.
Maybe, maybe not.I foresee something like this may happen in both ways.
We must get to number 2. Find there support to start thinking about good things.
Good luck.
A bit of Hope 5Double bottom.
I liked this last reaction of the bulls.
Bull trap in the afternoon, bear trap at night.
I might be totally wrong about calling bear market and I apologise if that is the case.
Its always good to be cautions and wait for the worst. React with patiente at the right time.
A bit of hope here, but still on defense mode.
$CSCO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $CSCO after a Negative over reaction following its earnings release placing the stock in drift C
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$RYAAY with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RYAAY after a Negative over reaction following its earnings release placing the stock in drift C
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AUDUSD Neutral Forming pennant structure, no directional bias just yet, awaiting break in either direction before taking trade position accordingly
$MAR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $MAR after a Negative Under reaction following its earnings release placing the stock in drift D
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$HMC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $HMC after a Negative Under reaction following its earnings release placing the stock in drift D
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EURUSD - Neutral Pre FOMC minutesWe still hold a neutral view on EURUSD pre the FOMC minutes later today as we await indications on whether the FED still see rising inflation as transitory. Any deviation from the current narrative towards tightening monetary policy would cause a sharp sell off in the currency pair. This is despite EURUSD gaining upward momentum in recent weeks as both the 20 day MA and 50 day MA are significantly higher than the 100 day MA.
BITCOIN - bullish or bearish ?Bitcoin is acting very indecisive last 2 weeks and is making wrinkles for investors.
Currently the price of Bitcoin is 43K$ ,but standing at very important point.
We can go lower to 40K and test last high.
If the price breaks under ema200 it's still okay, but if ema's do bearish cross then
we can say that bear market is here.. maybe for 2 years maybe for 6 months.. :)
For the bullish side we need rejection from ema and then we need to breakout
from this "upside down parabola" move...
But for the long term best you can do is BUY and HODL !
BTFD!
A bit of HopeJust trying to find if a bottom is in or not.
This last dip gave me a tiny bit of hope.
A bit of Hope 2Cenario 1 (red) - we test MA and then go lower lows. Bad.
Cenario 2 (green) - a miracle and we go to 57k. Good.
(magenta) - areas of big resistence.
Wish you all good luck!!!
BTC/USDT ANALYSISToday we are doing simple analysis of BTC/USDT chart. We will not short or long in this situation, this is simple analysis to make better decision later.
We see BTC dipping further towards the $43k range which indicates a futher downslide is coming, however we do see a bullish cross on the 4HR MACD so if BTC makes a move upwards it will meet resistance
at around $51,131, if it pushes past this resistance and 4HR candle closes above $50,835 then we can enter long target $55k. If BTC continues to drop we will possibly see $42K, I believe it will make a slight move upward and
bounce off resistance and continue it's downward move towards $42k, would be decent short oppurtunity but let's wait for confirmation.
As you see we never take profit at exact resistance and exact support, we take profit slightly before to protect our funds.
Resistance: $50,835/$59,507
Support: $46,832/$42,301
We will sit, watch, and wait from here for any entries
important areaIf the formation breaks down the support trend line and goes under the sma200 it will become very bearish
