In this analysis you can see NAS has been trading on key support level of 10777 since 23 Dec. POA: - Once the key support level is tested, we can have a better view of going long from 10739. - We can book profit looking at FIB levels of 0.382 0.5 & 0.618 with trailing SL
I think today will be the last day of liquidity on NAS after a triple top. NAS is still struggling to find its support level. We will indefinitely see a trend reversal, however if NAS breaks current support I have drawn out my analysis to Short. You can trail your Stoploss on breakeven and unload according to your LOT size.
My biased is long after a massive sell has stalled NAS since 6hrs straight!
My biased is short based on stability by DXY after CME report today.
Current trading values are similar to the ones in 2020 December when the coin was first launched. I believe we will see Polka rising to its former Higher Highs before the end of this year.
Seems like the new trend for BTC is to Pump & Dump into bullish rectangles. - Analysis done on 4H chart. - Behavior analysis since the formation of HH on 13 September - For a more accurate coloration I keep a track on DXY index - My current short term biased is to short BTC since DXY has bounced from support at 111.783 Let me know what you think?
Expecting a short position following a double top reversal formation on BTC.
In my opinion this is the best Entry Point to Long, since it has bounced from its support. New LL hasn't formed since bounce from support (Dow Theory)
Considering the inverse effect of DXY its still not too late to short sell BTC. Following my previous analysis of Double Top Reversal, BTC continues to drop further. Currently my analysis is based on the inverse effect $ has on BTC. My biased is to take a safe short trade upto TP1 as marked.
DXY possible trend reversal after bearish XABCD. My biased is shorting BTC considering DXY bounced from support & has inverse effect.
My biased is Neutral on ETH due to the strong support spotted at 1283. If resistance is breached at 1397 it is another potential EP.
ETH USDT - Possible AB=CD Expecting a trend reversal at Point D at FIB retracement of 0.618 to FIB 0.236