This has been a fun period of waiting to see if BTC had the market won over at 24k but that was a hard sella and has come back from 20k range. DXY is still a healthy threat but with the worlds reserves of USD continue to diminish this becomes an interesting pair. For those interested look at DXY/BTC chart, tells a good story about where we are. Either way this...
Seems that the interest for BTC/USD at 24k is not there in the market. The recent trend upward will see a pullback to the 20k level where the market has already shown to be more comfortable. This is a point to take some short term profit.
The long term uptrend is still in place and represents a good dollar cost averaging opportunity for those looking to gain...
As I continue to look at BTC though the lens of DXY this recent upward trend should manifest into a decent push for the medium term. With current market sentiment and more expexted fed rate hikes the market will test out 24k to feel for any takers. Assuming all things stay constant this would be before before regressing back down to previous lows, if there is...
Looking at the past two weeks BTC/USD seems poised to benefit from DXY's retreat from printing a record high value not seen since 02'. The Fed seems to be getting its way and public sentiment is pricing in the new reality, and some optimistic views on possibly avoiding recession.
Optimism tapered due lagging impact of price increase on food. Aug-sept will let...
Over approx last 80 days BTC lost around 50% value. The past 10 days have shown steady movement with approx 1% daily gains after touching first level support , leading to a possible breakout out above the 80 day trend.
This could be interesting short term upside, need other indicators to support trend. High risk If no support around 42k, could test second level...
Seeing some interesting movement here for ETH after a much needed correction. ETH went up 112% in just 47 days From 7/16 - 9/1. After a reality check ETH came back down to earth, retracing 56.77% in 4 days it is now resting on a precarious spot in relation to its longer trend, 316 being a tipping point. Good time to get some tea and see where this ends up,...
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30m showing some interesting moves, looking like confirmation on 1hr, alright RSI where you going? Lets see how strong those ETH shoulders are.
I wanted to see what others think of this BTCUSD chart, this seems to be a bearish flag pattern. Historically BTCUSD has fallen after approaching the 200MA on a strong move, as we have seen over the past two days, followed by a move upward. Please comment ideas or suggestion on making this better.
