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BTC! My last bullish case scenario for Bitcoin. I'm looking at weekly timeframe. To tell the truth I haven't expected BTC to go lower than June low coz 17.5K was my bottom target as I mentioned in my previous analyses based on my analyses, all history data and more than 100 indicators that flashed bottom signal. Really this time it was different. In any way I think this is the biggest bear trap in BTC history and false breakdown. Now almost 100% expect lower prices even 8-10K BTC, but I think they will miss the biggest buying opportunity in their life and all bears will be rekt as bulls have been doing past couple of months. In technical point of view, BTC broke out weekly falling wedge pattern as I mentioned in my previous analyses and now it retested its broken trendline. At the same time it touched the lower band of megaphone bullish pattern in a conservative way and can go lower to 14K in a non conservative way. As you see BTC rejected at RSI weekly major trendline and dumped to 15.5K level, if it succeeds bounce back and closes weekly candle above 18.5K it will be very bullish for BTC and weekly RSI bullish divergence will be created as well. So I expect weekly falling wedge and bullish megaphone pattern to play out and send BTC to the major resistance zone 28-30K in coming weeks.
BITSTAMP:BTCUSDLong
by ergal91
3
TOTAL M.CAP ALSO SHOWS BEARISH RETEST!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this TOTAL M.cap update. The total market cap looks bearish here. This recent pump just looks like a bearish retest. As you see in the chart, the total market cap breaks down from the symmetrical triangle in the daily time frame and currently rejecting after the perfect retest. Two important supports $700B and $550B are I'm looking for after this bearish retest. Invalidation:- Daily close above $860B If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You! The total market cap also indicates a bearish retest.
CRYPTOCAP:TOTALShort
by CoreCrypto1
9
DXY - US Dollar Collapsing!!!?The DXY tracking the USD Currency is currently taking a massive hit while stocks surge on CPI data. Generally, the DXY tends to move inversely with the Stock Market overall and is a good place to find resistance and support levels that are hidden in the Stock Market. (As DXY Finds support, stocks hit resistance; vice versa) Recently the US Dollar Index has taken a massive hit after a yearlong nonstop Rally. For the First time, DXY Is breaking down thru major moving averages carrying the move this year. The Dollar is finally seeing a larger size pullback. We are diving in to the technicals here and seeing what may be in store next for the DXY Technicals : We have 3 major things in the chart outlined here. - A 2 Month Long Flag the Chart was printing, that just broke below out of. - 2 Different Trendlines from earlier this year, drawing the runup up. We just broke all 3 of these in one day. A Retest of the Lighter Yellow Trendline did occur today, as you can see we got a wick-up & a rejection from the level, sending the stock market higher on CPI data. Looking for further retests are key here, and whether or not the market rejects or the dollar retakes these levels. Overall This Breakdown looks very bearish, and looking for retests seems to be the play. Momentum : Daily : Bearish Momentum Extending, possibly overextended. Weekly + Monthly : Bullish Momentum from 2021 finally fading, and showing signs of a flip to bearish Momentum (TTM_SQUEEZE) Thesis : bearish & looking for retests and sideways action after a drastic move. Similar applies to the TNX and other Treasury Yield-tracking ETFS
TVC:DXYShort
by ZachSap
BTC: NEED A DAILY CLOSE ABOVE THIS LEVEL FOR BULLISH MOMENTUM!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BTC update. After breaking down from its major support level of $18k, BTC gives some relief rally here. But the question is this move is sustainable? * Technically it looks like a bearish retest to me. * We need a daily close above the $18.5k-$19k level to enter again in bullish mode. * After this successful retest, my target is the $12k-$13k level. Note:- Also, post a USDT DOMINANCE chart below this so must check it out as well. But one thing I must say is, if you haven't bought any BTC yet then you should buy some here and set the bids up to the $10k level because no one knows the absolute bottom. Hope this idea helps you to get better trade decisions. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
4
XAUUSD longThis fancy pair has reached an overbought level - short term speaking. Two immense bullish candles and the retracement has already started. For the second big move, price may retrace to 0.5 level for a nice 50 pips target - buying opportunity. 50 pips is enough! However, in terms of the whole move that started approx. @1617, the price may retrace to black Fibo drawing which is in confluence with major former resistance level - if this happens it will be a great retest opportunity if we see long wicks to the bottom and not big red candles!!! Also, the 1675 area is a high volume one with possible OBs lying there for strong bullish reaction. Targets for the big buys -> 1713 area. Reminder: Gold has broken bearish daily trend line and has overcome many resistance levels by hunting retailers of course. Even a 1657 area touch - trendline retest for continuation back up is possible. Waiting to see your ideas in comments. Goodluck!
FXOPEN:XAUUSDLong
by The_Forex_Path
BTC HTF OUTLOOKBTC retesting downtrend resistance after an initial breakout. Since the confirmation of a top in bitcoin and a confirmation of a lower high and therefor downtrend, almost exactly a year later BTC broke out of the downtrend and rallied to 21.5k before a macro news event causing fear and mass selling back down to local lows of 17k. which also coincides with a retest of the trendline. If BTC can hold and rally off these lows it would be a strong place to start building for the next bull market. However if this area of support fails then a further drop down to 14k is possible. Not financial advice
by ProR35
1