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BTC showing strength against DXY (Squared)This is BTCUSD divided by DXY ^ 2. My message is simple, though it is not foolproof in any way. Just an entertaining and interesting chart I've been staring at, in addition to BTCUSD divided by NASDAQ (BTCUSD/NASDAQ). The message is that even though the DXY is in an uptrend at the moment, perhaps with all the crypto uses popping up around the world, this time not only in the long term (financial institutions buying, banks offering crypto services, long-term holders buying back into BTC), but also in the SHORT term (uncertainty in the world, uncertainty in the stock market, Russian interest rate hikes, Ruble collapse and 20% interest rates by centralized Russian banks). Quite the interesting landscape, I must say. Not giving any advice, just pointing out that one indicator is showing strength above one timeframe's Ichimoku on one chart I've simply made up. Just hope it helps you formulate your own ideas and trade with more knowledge.
BITSTAMP:BTCUSD
by florasora
23/10/2020Hi guys and girls, I thought I would post a rough chart I have just done for ETH/USD. I am increasingly becoming more and more interested in Ethereum and it's use cases, though I admit, I'm a little late to the party when it comes to doing any TA lol. Here are some S/R levels I spotted that look to be relevant. To keep it short, ETH looks as if it's touching a local high from June this year. On the 4 hour TF we have been rejected a couple of times but there is all possibility there is more room to move upwards. Most say ETH will follow Bitcoin, and to me, all looks good for BTC so in theory we could go for another leg up however don't down play this resistance level. We do seem overextended on the momentum indicators and vol is slowly dropping off. The 21 and 50 day MA's are almost at the same point and the 21 is just a few $ more. We could see a pull back towards these levels but being new to ETH charts, I think I'll sit this out and watch for clarity though my gut says we go up a little more. Thanks :)
BYBIT:ETHUSD.P
by Crypto_Jakk
Cash Is King! New Coin! New Opportunity!ONT we don't have much history on this coin so there is only 1 real way I find to trade new charts and I will show you below. We are currently looking bullish from the indicators we can use, obviously lacking history we can't be certain but from what can be seen on the 4H and the 1H we are building up. Now you will see the top and the bottom of the channel this will be the only way to distinguish the break as indicators on such short timeframes aren't as reliable. You will see on the 4H and the 1H charts we have a very bullish divergence and we expect this will lead to us breaking high of the channel. The 20 and the 50EMA have just crossed but once again this is an hourly chart. To trade this we don't enter until we break the top of the channel, the chart tells us we will take the top but there is a risk things could change as we can't get a clear line of site from a 6 day chart. This is a coin that could have big potential and could be something similar to what we have seen in NCash with potential 100% profits in a very short timeframe. If this coin breaks the high of the channel buy the first 4H candle to close over the green line. Aggressive traders can buy the first hourly candle to close over but I will stick to the 4H. Stop loss will then go 1-2% below the green top of channel. I have set an alarm on this chart to alert me when or if we cross the top or bottom. I will then place targets for you. Cash Is King! Also would like to thank the member for bringing this coin to my attention.
by Cash-is-King
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