History doesn't necessarily have to repeat! I see a lot of history based derivation for the timelines and price as to when and how high or low bitcoin can sore. As exciting and adrenaline pumping as these ideas seem, the outcome will just be as good as any coin toss! The truth however is the "macro maze" above. I've taken sensible assumptions to derive on the...
USD trying to gain a foothold after yesterdays lows due to a Higher than Expected Unemployment Claims report. The DXY dipped high in the morning from around 105.740, dropping to a low of around 105.200 and then went up slightly into a consolidating in a range from 105.332 high to 105.204 low. That being said USDCAD took a hard drop yesterday. These moves were...
Good morning Traders ☕️ As we saw with the BTC/USD and Forex market the same counts for gold, the market is uncertain. This is due to war, inflation and some other factors slowing the bulls down. GOLD is no exception to this, we could potentially see either a bullish or bearish out break coming very soon. This break out will hopefully be upwards and this could...
Are buyers or sellers in control? We'll know very quickly within the next few days - if we use magenta strong controlled selling to build liquidity and then gap up above purple tapered, we'll know bulls are. However, if blue tapered controlled buying (the algorithm that has built liquidity for the bears over and over again prior to massive drops) holds price, we...
•Gold price ticks lower on Monday following the post-NFP price action whipsaw. •Elevated US bond yields act as a tailwind for the USD and exert pressure on the XAU/USD. •A softer risk tone should help limit deeper losses as the focus shifts to the US inflation data. Gold price (XAU/USD) staged a goodish intraday recovery of around $40 from over a two-week low...
I like to assess pre-market conditions for assessing potential volume and price gap filling for the day. With a series of conflicting financial and stock market news, including this morning national payroll updates, I would be expecting a brief respite in price action for SPY up towards 392.5-393.5, but I'll note I'm uncertain SPY will push up its recent gap...
My analysis shows that we can head towards 0.4 or plunged below 0.25 Please note that this is my own research profits are amplified, but so are losses.
Hello !! Welcome to the quick update of BTCUSDT. From a long time, it was trading between 37200 and 39300. We saw a pump from 37200 until 40000. BTC suddenly took a dump until 37000 again breaking the bear flag downwards. Unfortunately, BTC was unable to hold the 37000 level and it broke the initial support. As of now, BTC is tarding at around 35800 and I think...
Let's keep it simple: there's a lot of resistance we need to break past in order to actually break up. Even still, looking downwards for an easy path is not certain either. If Bitcoin can survive the declaration and act of sudden war of a large country and economic powerhouse such as Russia, can we even trust that it will break downwards?! The path is not clear,...
So BTC broke out of the 44k range and retraced back. Weekly closed below 42k resistance. So far bearish picture. Daily close above 43k would be first bullish sign worth a bid. Until then waiting for big weekly support at 32k. Currently the market follows stock market and this chop is PVP battle. Trying to trade low time frames is suicidal, at least for less...
Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up. The range to sustain the pattern is 1789 - 1825. A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support. A break above 1825 with a 4h close, will allow for target of...
One thing is certain, market uncertainty is here to stay. A bet to the contrary, IMHO, is a huge longshot. Ukraine, Russia, China, Mid East, United States and Europe are all in .... re-arrangement ... Yield Curve has again shown signs of 'flattening . inverting'. What happens when the markets are uncertain? Investors are willing to pay more money for...
Is price accumulating or redistributing? Price is moving within this range? Where to next? I’m inclined to believe A is the higher chance of of probabilities I haven’t even checked but it looks like price is waiting for news catalyst to make a dramatic move, either way. Pay attention to 4 hour candle closes
if we fail the double top, and break 18.34 confirming a downtrend with a lower high, or immediately continue bear vix, im fine with selling volatility here. if we immediately continue over 19.17, or we set a higher low over the .382 of the bounce and break the high i would stay long vix for the time being if multiple sectors are continuing to make new lows...
A simple economic condition: Uncertainty UP - US Bond Demand UP - Bond Prices UP - Bond Yields DOWN This case study focuses on Covid news and investors reaction to uncertainty.
At the moment, 50k-53k is a very critical level for $BTC in order to determine whether or not we'll move into a bull run or not. Another rejection and bobos will have a field day seeing no one happy for Christmas this December. I've laid out a couple of scenarios for BTC: Bull case: -We breach the trendline and make a higher high and complete a wave 3 target...
Yesterday price dropped down below 200 EMA to the support zone. Later, it moved back up again closing above EMA and within the previous candle's range. This pinbar has three supportive factors making it more significant than any other. ► It breached 200 EMA, yet it closed above it confirming the dynamic level to be a support. ► Opened and closed within the...
BITSTAMP:BTCUSD BINANCE:BTCUSDT Hi ,In this video I will breakdown the reasons for the current Crypto Dump and and discuss about the potential outcomes of this event!! If you did find this video helpful follow me for more and leave a like!! Thanks🤞=)