This is not financial advice I am analyzing the weekly chart and seeing that it crashed 85% the first time . We are nowhere close to that now and history has a habit of repeating itself . I am seeing a potential relief rally up for another major push down Comment like or share the idea King Alaluna
Considering all my BTC Short setups have completed and exceeded the target ranges, with some calmness returning to equity market and no major events on the economic calendar this week (I don't think J Powell speech on Tuesday will rattle markets to the downside as I think they got a good "reaction" post CPI and he is more likely to keep talking about 50pts int...
Potentially a relief rally in a long term bear market...Weekly trend hit target, monthly trend is still down and equities could top after a relief rally. I'm long $BTCUSD here, aiming for a move back to the range of the Ukraine invasion day, give or take. Time@Mode trend in the daily turned up, so if the base here holds up, we will go higher. A lot of pessimism...
If the daily closes in green, we might see a relief rally to the upside which I mentioned earlier. Target points are mentioned. Please let me know if you disagree, remember the market doesn't owe anything to us. We all are playing the probability using TA and history. ...keep an eye on, and be safe!
BTC acting as expected. The current support line is very strong that stretches through 2021 June-July. The current corridor is formed in 30,000 to 35,000 with some up or downticks below. General sentiment stands to hold well- relief for markets. This comes due to many macro indicators and some chain-data suggestions. As with the previous TA, we should validate...
Looks like price can break up out of down channel. First Resistance at 4220, then stronger R at 4300. Target in the box. 200 pips = 5%. Been oversold badly for weeks. Time for relief rally; a technical breakup. Once confidence returns the bullishness could get quite furious. Maybe you don't feel real good about buying now, that's reasonable. You don't want to...
Hello Traders, I will get straight to the point today. It looks like a bit of a reversal, or is it a bear market relief rally? What I'm looking at: If price moves above around 408.80-409.5 and keeps momentum, watch out for a gap up around 412. This is likely a relief rally, and we are probably just reverting to back to the trend because we were QUITE a bit...
We might see a BTC bounce UP. Elliot Waves show the correction ( A, B, C ) has finished. -DXY ( Dollar Strenght Average ) is in decline, indicating that the dollar will weaken. -BTC shorts are in decline. -SP500 relief. - JP Morgan announces a possible BTC up move. ( Might be an indication of a relief rally where they intend to find exit liquidity) On a...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. Why ETH can pump in upcoming days? 1) ETH is forming a falling wedge like structure in the weekly time frame and currently trading near the lower trendline of the wedge. 2) The main support level for ETH is at $1700-$1900 level 3) RSI is also...
I think that there will be a small rally after newest dip and that another drop will wait until friday (circle). After this dip with new lows we will hopefully stay in this channel and try to break out again.
As we've discussed in detail over our last few analysis episodes here on TradingView, Bitcoin did in fact look nice. All was strongly laid up for a big pump, but rather than graciously bouncing off the trampoline like an alpha, it slipped and broke its teeth and leg. Now, after the baby pool has reddened by blood, Bitcoin is back on the trampoline for a second...
Save for later. flag pattern forming volume coming soon back in. consilidation for now.
Relief rally. Likely bounce back forming a bearish retest. Support becomes resistance.
Support flips into resistance. If it breaks we might see a triple top formation.
My analysis for EURUSD on the monthly timeframe. Includes some simple fundamental perspective but if you want to discuss fundamentals in depth feel free to comment below. Aside from that, there's not much the dollar can do to beat anticipations unless liquidity of the dollar really tightens. In that scenario, the dollar will really strengthen and we could see...
YM1! The US equity market selloff in Q1 was pretty fierce due to a confluence of reasons. Even the large-cap stocks have entered Oversold territory, as suggested by the RSI on the E-mini Dow future. Since the middle of March, the equity market experienced a typical round of relief rally, coinciding with the Quad Witching, when a large amount of derivatives...
Markets have responded very well to a rate hikes, which was something I was a bit nervous about. Major indices have responded well to it and that is all that matters if we want the recovery/relief rally anywhere in the equities markets to which crypto is tied to. There is nothing much to say about the XRP price as it has not changed much during this week. Price...
EVs have not been a hot sector as of late. Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks. However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards. Expecting a short-term relief rally up to around 870 and likely heading lower again....