Bitcoin is poised to recoup its 2-3 days losing streak, by retesting highs last seen last week Thursday (40200). Tp = 40200
The precious metal is looking to continue pushing up after slicing through the 1889.00 Resistance, which is currently being tested as a Support level. TP = 1912.844
After rejecting at the 34500 Resistance level (thus forming a Double Top), Dow is poised to tank, potentially all the way down to 34100.
Following the overall flow (Bearish) from the HTF (4H), price is looking to reverse the correction of the overall Bearish trend. TP = 31900
The Double Bottom pattern forming could be an indication that price could potentially reverse the 3-week bearish run.
The Dow is looking to recover its five-day loss (10th May : Monday - to Friday : 14th May). Potential Long Opportunity awaits upon the retest of the 34300 zone (previous resistance to turn support). Tp = 34800
Price is looking to retest Strong support levels last tested in March. TP: 12700
Bears are poised to takeover and grab the Bulls by the horns and drag them all the way down to the 33770 zone where the Bulls had initially took-off.
Bitcoin is looking to recoup its weekly loss since the beginning of May. Tp = 58800
While the Dollar Index could be looking to extend its bearish run, the precious metal on the other hand is looking to extend its gains to the 1798 psychological level.
Just after bouncing off of a fresh supply zone : 33222 (4hr), the Dow broke below the ascending trendline, thus hinting a short term bearish run. Tp: 32800
The break of the descending trendline and above the 865000 resistance (could turn support) has hinted a bullish takeover. If price finds support at the 865000 level (thus forming a Higher Low), this would signal a potential long opportunity. Tp 1: 595000 Tp 2:
The break of the descending trendline could indicate that the Dow is looking to recover from its 5-day loss (since last week Thursday). The 32600 Resistance (now support) is being tested for the second time, thus signaling a potential push to the 32800 resistance level.
Price has broken the 32650 support and is looking to retest as a resistance thus indicating a further extension of the bearish run.
The Dow has broken the ascending trendline and is now retesting the 33000 zone (previous support, could turn resistance). The strong bearish pressure coming in indicates a potential push to the downside. Tp = 32680
A potential short position awaits at the 87.225 zone (broken support, could turn into resistance). However, you do want to wait for the market to price in the JPY Inflation and Interest Rate print to make an informed decision.