Using the ABC formation: We are currently on the B leg and we expect price to give us a C leg:: We expect a bounce on the demand zones back to the upside
We have currently broken the uptrend on the dominance but we still have one last support to break. If we don't break that: we can then have a deviation to the upside. We will have a retracement on Bitcoin when we get that: Bitcoin can get to 20k before retracing.
Expecting to get a bounce on this: This will confirm a short position on Gold.. Gold is on a bearish pattern...
In correlation to Crypto: If we don't break below, it's a short trigger for Crypto
It's simply not wise to short when DXY is bullish but i'm willing to give back to the broker: if this trade goes against me, i do like the setup: so i'm leverage short at the moment
We need DXY to max out and give us another Higher high at 115-116 , then go back to the downside for a correction... This will affect the crypto market for a short term bear move
DXY open bullish and that's a good sign for USD/Cad: It means we will have to scale up our long position to accumulate more profits..
The Bulls have been able to break the Global downtrend and we are currently in a sideways movement, which shows sign of a short term range... The bull scenario will be breaking out the downtrend and that will push us up to 21k but if we stay in the downtrend we can then see 18400.. Worst case scenario will be going back into the global downtrend, That move might...
We are currently in a huge range on USDT. Dominance.. Currently at the top of the range(Resistance) and if we go above, We will tap at diagonal resistance.. That will be a good time to LONG all crypto project.. The current range resistance region is simply for scalp but the main entry is the green circle above .
We are currently in a huge range on USDT. Dominance.. Currently at the top of the range(Resistance) and if we go above, We will tap at diagonal resistance.. That will be a good time to LONG all crypto project.. The current range resistance region is simply for scalp but the main entry is the green circle above .
Expecting a retracement on DXY around 114-115 That we give a good push on Crypto, when it all settles down.
Expecting another higher high to form a Bearish divergence...
DAILY TF The market seems to have been resisting from the weekly trendline and having difficulties to break above. For a good divergence on BTC, we need to get around the 29-27k zones before going back to the upside.. If we don't hold this regions: We will then see 19-17k zones. I am not a financial advisor, I'm just showing to you what the charts is showing to...