Bears are back and this time institutional bears. this is NOT a signal, just market research conducted on TA & FA (FOMC meetings + interest rate hikes + recession fear) 2022 Q4 & 2023 Q1 are looking read on macro scale
BNX has been holding it's support line while catching liquidity below main support level. As we see other NFT coins pumping while BTC accumulates within 20500 ~ 21000 range, there is strong chance of BNX pumping ahead as well. Entering at CMP level and DCA'ing on FIB levels while adding trailing and moving stops as TP's hit. TP 150.55, 151, 151.80 & 152.
Elliot waves/Fib retracements show an impulsive uptrend wave, CPI rate increase wrecked crypto market but with upcoming FED rates hike on 21 Sep ~ volatility may spike prices up to shown levels reaching up to Double Top and falling back down to critical support levels. This is a personnel opinion and should not be copied or traded blindly, DYOR!
Strong resistance and channel break down, wait for fakeout and open short position in the order shown above. DYOR!
$RADAR coin from DappRadar is a hidden gem waiting to explode!! only on Huobi Exchange ~ Entry can be taken as shown in the chart plus it's a long-term coin
My outlook on US Dollar Index is extremely bearish as it forms a double top pattern on weekly TF & it will make retracement on FIB level 0.618 as shown in the chart below. What this means for crypto? "Relief Rally" : Fingers Crossed:
Market is ready for it's major correction triggered by high inflation & uncertainty, back to the bear market. This is my personal opinion, so you should DYOR before taking any calls.
This is a very crucial moment in history for Bitcoin, as it can either make or break various trades. this is not a financial advice, please do your own research!
It's a private opinion but LUNA will do good before shorting down again unless strong FA news comes in... Anyone holding in SPOT can sell it on the shown Head level and buy more in dip. Please drop a like if you liked my TA :)
This is a Demo - DYOR and not financial advise. Formation of H&S Test Idea. only for educational purpose.
Bitcoin going down! (momentarily) DYOR - Not responsible for your trades, this is my personal suggestion
waiting for minor correction to continue bullish run
once 50k resistance zone is broken, BTC will dominate along with altcoins uptil the H&S pattern shown in the chart. either it will make a correction or we may witness bears pushing it down to key support zones. NOTE: DYOR!
With Alt season moving in closer, this gem would be mooning soon! - Note: this is NOT financial advice! DYOR ty!