In my previous 2 Ideas, my analysis worked out well in my favor. I´m still Bearish about Bitcoin, my orientation is DXY, RSI, and Stoch Indications. The strong DXY is resulting in a strong meltdown in other Assets (Gold for example) and Crypto assets as well. After the strong selloff, bears are taking a break and the price is forming a great HEAD & SHOULDERS...
As in my previous idea from 15.August my Selling position was in constant Profit from that time. I expected this to happen, and the price could test the 20k Support this weekend. I want to congratulate everyone who benefited from my idea.
As Said in my previous Post BTC, btc created a Double top formation and retest this level again over the weekend and now it has broken my expected level for a continuation. Im more than confident for this position. Lets see how it will play out.
If the price 24270 Breaks, it could touch the 22k Price range again. Today Price level reached the 13 Junes level and only if 25,200k is reached I will looking for Buying positions. My selling Idea is backed with the double top formation and the turn of overbought stoch indication. Be aware and good luck traders.
I opened my selling order at 1772, I’m looking for 1761 as my closing point. If gold breaks 1766.5 and DXY start its sell off again, It’s most likely for a Bullish continuation ^1785 level.
BTC`s Price is touching the 20K KEY SUPPORT today. If volatility increases, a breakthrough is possible. If it breaks next Support will be 15K.
My opinion on the EURUSD is that it will hit the PARITY 1.0000 this YEAR. Because of the ongoing Ukraine War without an end in sight, Gas prices, weapon donations from EU Countries, and a positive DXY. There are slim to ZERO chances for the BULLS to win the actual battle. We also have a nice DESCENDIC CHANNEL with a strong Price Range since 14. January and a...
ETH started a falling wedge on 11. may (DAILY TIMEFRAME). It broke the strong Support and has fallen below the 27 May LOWS. I´m confident to say that I'm BEARISH about ETH. EXPECTING A FALL TO 1611 Level. NOT A INVESTMENT ADVICE; JUST A REMAINDER FOR WATCHING ETH.
Pay attention to this pair, after a sharp bull run it, there are potential sell opportunities. Do your research it’s Just a tip.
After the ATH on bitcoin bears took the lead. With a stable selloff and a 5K drop yesterday, the DXY breakout from its uptrend, BTC is dangerous to trade in the next few days. "The long-term trend in BTC fundamentals and on-chain remain bullish. Accumulating BTC at current levels of $54.6K and especially between $53K to $50K might be favorable, considering older...
After the DXY plunged from its rally, the cause of it could be the new Covid-19 variant. Because of that, we don't have many opportunities right now, bc anything could happen. So the USD is forced to depreciate versus its rivals. So over the next days, there are some pullbacks to happen in the crypto scene.
The Doge break out 1 Month Downtrend triangle line. So it maybe ready for a sharp bullish movement.
DISCLAIMER: This is just an Idea, not Investment advice! With the Sharp fall on Friday evening, it's hard to analyze it properly, but I think Gold will rise during next week if its stays above 1834 level.