My perspective we are still in a bear market and have yet to form a bottom. On average bear market last up to a year with different levels of pullbacks. What I see from the 4 hourly chart: 1. "MULTIPLE BOS POSITION" @ 31530 In between major S&D zone 31275 - 31735 - Touch / Breakthrough 1 - May 24, 2022 (downtrend channel broken into a retest of BOS into...
BTC is not ready for a major move to the upside.....HIHF
NAS100 major bearish move from June 8th - June 14th. Pullback MA200 retest fake out break out. 1. Major zones to look out for - 11540 daily resistance - 10940 monthly resistance - 11300 minor support / resistance
US30 saw a major bearish downtrend from June 9nd / June 17th. 1. Major zones / previous all time highs - 29600 touched on June 17th - 30100 touched multiple times bouncing between 29600-30100 - 30650 acting as major support / resistance 2. Currently support and demand zones 30430 - 30900. Sitting between major zone 30650. 3. Saw...
BTC has finally decided on the path after consolidation.... Major areas: 1. 24000 2. 22250 3. 17950 4. 13050 Good luck BTC
NAS100 is currently sitting on last major support and resistance zone that caused a reversal to the upside. 11550 zone which is a daily support level. Major areas: 1. 11550 2. 10950 3. 10330 4. 9700 All these zones played a role in pushing to new all time highs in the past.
As Day Traders we don't care which way the market goes. If its a bull market or a bear market. We solely look to capitalize on either direction the market goes. Major support areas 1. 30650 2. 30120 3. 29600 Each of these levels allocated a bounce, support, and resistance before all time highs were broken. DAILY TAKEAWAYS: 1. 200 MA clearly broken 2. BOS /...
Minor zones of S & R 1. 32830 - 32930 2. 33100 - 33200 Major zones of S & R 1. 32100 - 32450 2. 33350 - 33700 Daily Takeaways: 1. Range in between minor zones 2. Two rejection off major zone 33350 - 33700 3. Double retest of BOS at 32630 (potentially another retest of BOS / major zone 32100 - 32450. 4. Consolidating back and fourth between 200 MA.
Looking back at May 16th TA & May 22nd that was sent on BTC the following was stated: MAY 16th “BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k. 1. BTC is overall bearish need to see a break about 200 EMA 2. BTC looks to be in a...
Looking back at May 16th, May 22nd, & May 25th TA that was sent on NAS100 the following was stated: MAY 16th “On Friday we saw a break through downtrend trendline. NAS100 broke back into major zone 12200 - 12450. But once again rejected off BOS area. What we see / need to see: 1. NAS100 is still overall bearish and needs to break above 200 EMA . 2....
DAILY TAKEAWAYS: Last weeks TA played out perfectly. 1. Broke two BOS @ 31550 & 32650 2. Broke out of descending channel 3. Broke though major key level zone 32100 - 32450. Looking at what we see now. (4 HR) 1. US30 rejected off bottom of major zone 33350 - 33650. 2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made. 3....
Looking back at May 16th TA & May 22nd that was sent on BTC the following was stated: MAY 16th “BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k. 1. BTC is overall bearish need to see a break about 200 EMA 2. BTC looks to be in a...
Looking back at May 16th & May 22nd TA that was sent on NAS100 the following was stated: MAY 16th “On Friday we saw a break through downtrend trendline. NAS100 broke back into major zone 12200 - 12450. But once again rejected off BOS area. What we see / need to see: 1. NAS100 is still overall bearish and needs to break above 200 EMA . 2. NAS100 formed solid...
Looking back at May 16th & May 22nd (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out for both. MAY 16th TA “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still...
Looking back at May 16th TA that was sent on BTC the following was stated: “BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k. 1. BTC is overall bearish need to see a break about 200 EMA 2. BTC looks to be in a descending triangle...
Looking back at May 16th TA that was sent on NAS100 the following was stated: “On Friday we saw a break through downtrend trendline. NAS100 broke back into major zone 12200 - 12450. But once again rejected off BOS area. What we see / need to see: 1. NAS100 is still overall bearish and needs to break above 200 EMA . 2. NAS100 formed solid prices action...
Looking back at May 16th (LINKED IN DESCRIPTION) TA that was sent on US30 the following was stated and played out. “We saw on Friday a nice bullish flag pattern play out. We broke our downtrend trend-line and retested the our bull flag twice clarifying added support to that area. What we see / need to see now. 1. US30 is still not out of our bearish zone....
DAILY TAKEAWAYS: BTC currently looks to be in a descending triangle pattern which usually means continued movement to the downside. We are also sitting on a support and resistance level of 29.5k. 1. BTC is overall bearish need to see a break about 200 EMA 2. BTC looks to be in a descending triangle pattern. 3. We need to see a higher low formed and a break...