I have been looking at the chart on HTF where we can start our buy orders and found that EMA 200 on weekly time frame has been testing 3 times in the last 7 years which 1 time it was due to a covid crash, other than that BTC went inside ema 200w just one year before halving, right now we are seeing the same PA, but there are other factors contributing to the Price...
Bond yields flattening the curve. DXY reclaiming good supports. September will be fun for crypto market
Btc correlation with DXY is very known to everyone this movement will reflect market overall condition with decision to be made by the gov near future.
The 5 phases of each are explained and shown why it is so important to understand and be able to read the market structure and where to start buying the dip have a plan rather then DCA till you pocket is empty. No one can analysis precise market bottom. Phase A: Sign of weakness but demand is dominant, increase volume wider spreads. (no reward to effort) Phase...
Daily and Weekly both looking bearish this swing will take to previous quarter lows.
BTC have made ATH and its over bought as well, 3 patterns showing sign of correction.
Sushi price accumulated beautifully in pas couple of months, and now they have announced there nft platform that will have directors from netflix and assassins' creed. Targets on chart. Defi+NFT
The weekly closure is very imp i like to see it reclaiming the neckline area, if not i will do DCA on it, Fundamentality very strong project with products like WAX NFT blockchain launch, Comic books as a tradable NFT. Targets on chart.
Lets see how much time will it take to play out, in previous macro btc analysis i have mention level which it can hold on to, around 41 or 42
Making cup and handle pattern, symmetrical triangle! Key levels marked.
Market follows pattern, I hope it doesn't do the same as previous one, were still in range and corrections are good in bull run, keeping booking profits, stay cautious!
we take a look at accumulation, how this is disguised by the professionals or "smart money". The 5 phases of each are explained and show why it is so important to understand and be able to read the market structure, Next one how distribution occurs. Simple terms: Accumulation: Buying of items by institute and they don't want the price to move up Phase A: Shake...
MACD Volume RSI14 Don't go with the CT bias, check the price action in coming weeks
H&S formation look prominent however it can get rejected if you look higher time frame, lets see how it plays out
Cardano smart contract hype created a good rally for investors and hodlers, but btc is not looking good if it finds support ADA will print new ATH , I am looking for longs at mention location.
Details are on the chart, I am long from the support area.
Axs is consolidating from couple of days and its near to a breakout, as alts are gaining dominance, and btc remains stable axs can test ath again.\ Details on chart