After seven weeks of bearish sentiment, the Bitcoin market looks significantly different from the bullish euphoria experienced during the climb from $42,000 to $73,800. Now, with less than 48 hours left in the monthly candle, we stand at a critical juncture that could define Bitcoin's trajectory for May. The Moving Average Convergence Divergence (MACD)...
Since the U.S. inflation data last Wednesday, the EUR/USD has depreciated for four consecutive days, falling by 2.42%. Tensions in the Middle East and a strong U.S. Dollar Index (DXY) have contributed to this decline, which may be finding a potential buying zone. The pair is currently trading around 1.063 at the time of writing this article. The direction of...
- BTC/USDT remains below the 0.786 Fibonacci level (66.8K), but buyers of the mother cryptocurrency defend the psychological level of **65K**. - On the daily chart, we have observed that after reaching its all-time high at 73.8K and being rejected, the price has not managed to return to those levels. Instead, it has created a lower high at 71.8K. - The outflow...
Following a two-week period characterized by intensive selling by retail investors and strategic accumulation by large holders and financial institutions, Bitcoin has resumed its long-term upward trend. The flagship cryptocurrency closed the week with a candle surpassing the 66.9K threshold, corresponding to 78.6% of the Fibonacci level, paving the way for...
The U.S. Dollar Index (DXY) remains in bullish territory, with buyers maintaining control as investors eagerly await the release of U.S. interest rate data. Context The focus is squarely on the Federal Reserve (FED), and markets are hanging on any hints regarding the future of interest rates. While no rate changes are expected, analysts are alert for any...
"Bitcoin has depreciated by -12.37% since its peak on Thursday, March 14th, at 73.7K. BTC/USDT has fallen to the support level of 64.3K (25-period daily exponential moving average). From that level, buyers have defended the cryptocurrency against further declines, and it has recovered to the 69K level. At the time of writing this article, the flagship...
The inflation data from the United States has had consequences in the financial markets. The EUR/USD has depreciated by -0.67% on Thursday, March 14th. Global stock markets were heading for a tepid end of the week after seven weeks of gains, and the dollar remained strong following higher-than-expected U.S. inflation, which impacted expectations about the Federal...
1. BTC is trading around 72.5K, surpassing its **all-time high (ATH) of 69K. 2. From its minimum around 15K, the original cryptocurrency has appreciated by 383%. 3. BTC HODLERS have experienced significant gains, with most of them currently in a profitable situation. 4. The critical question that arises is: **When will be the right time to sell? The Crypto...
Hello Crypto community! Whenever a large red candle appears, fears arise and the ghost of (we're going to zero) becomes relevant. Well, for that we have various technical and fundamental tools that help us in the difficult task of trading. We see in the daily BTC chart a price rejection zone between 30k and 31k, which could be due to bull exhaustion, short...
Hello crypto community! The bullish outlook is present after the monthly close above 28k. The healthiest thing for the price and the movement itself is to retest the level between 24.5k and 26k as support to find the necessary liquidity to break through 28.8k and go in search of the 34k target. Although the price remains above 28k with some spikes below, we see a...
INTRO The FOMC meeting minutes report will bring volatility to the markets, especially EUR/USD. Investors are waiting for any signs of a slowdown in rate hikes. The yield on the 10-year U.S. Treasury note was at 3.7483%, compared with Tuesday's close of 3.758%. Fundamental Overview Durable Goods Requests returned a value of 1%, compared to an estimate of...
INTRO A rise of 75 basis points is the order of the day. Retail sales on Thursday may bring volatility to the Kiwi 0.62 (61.8% fibonacci) is the new resistance to beat FUNDAMENTAL OVERVIEW The Chinese economy continues to be impacted by COVID, impacting stocks and markets. The currency pair was affected by a slowdown in its gains as the U.S. dollar index...
Introduce Hello crypto community! We come from a busy week in the crypto world, and the sun is still overshadowed by various dark clouds and negative news. Remember, we have one of the highest weekly volumes ever in BTC history, a huge red weekly candle without much room for recovery. Remember that cryptosystems, even if they are more subject to speculation and...
Introduce Hello trading community! As can be expected, the crypto market will suffer after the Binance sell-off. Not only that, but data on Alameda's balance sheet was also leaked, leading to a possible bankruptcy of the company. Fundamentals It is normal for a black swan with these characteristics to have an impact on all cryptocurrencies, including BTC, and...
Hello trading community! We see on the US500 chart that the price faces significant resistance in the area between 4000 and 4100. On the daily chart, the US500 is in a descending channel. A continuation of the dollar's bullishness and no rate cut at its next meeting could wipe out investor bullishness and leave the index looking for new lows and support between...
Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a...
Hello traders! We are seeing that the oil demand is declinig, affecting the pair and making bulls be aware of future declines. Also we found in the charts a recongnize pattern of a head and shoulders, with a target around 1.30 if it breaks the support among the 1.36 level. The FED is fighting againts the ghost of recession and the 10 years bonds are fearing a...
Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the...