UnknownUnicorn22694773

UnknownUnicorn22694773

Bitcoin lost the H4 20 EMA (GREEN, Exponential Moving Average), which it had been riding as support.  Now, let's get straight to it and begin with charts. Q's Forecast: Bitcoin, BTC Dominance Bitcoin, BTC/USD - 4 Hour (H4)   In addition to losing bullish support, our micro 0.5 Fibonacci retracement zone (approx. USD 34,899) unveiled a bears' ambush around USD...

UnknownUnicorn22694773

Bank of England set expectations for a "wait and see" approach to reversing QE, managing inflation  This time, the BoE did not follow the Fed.  The latest announcement from the UK central bank indicates they would prefer to sit tight for the time being and assess if inflation is transitory or persistent. As a result, the GBP/USD has come off with most...

UnknownUnicorn22694773

Our team at Qluster Research is super grateful to all our fantastic readers for supporting us through our first month! We're excited to deliver more quality market content, hot off the press each day  Now, let's get into today's one-month special edition... Market sentiment remains jaded following last weeks taper tantrum, sparked by a hawkish turn in FED...

UnknownUnicorn22694773

Risk sentiment improved considerably across the markets today Speculators have driven this change in appetite by rationalising their forecasts.  Check out Technical Outlook Edition #29 to catch up on our recent post-FOMC analysis The Fed may have only just taken its first step through the tapering talk window. However, interest rate changes are still 12 – 18...

UnknownUnicorn22694773

Fed Chair Powell sees a 'sustained improvement' in the economy, but the notable rise in inflation still weighs heavy This week's trading session sees choppy conditions and excess turbulence across the financial markets, thanks to an upbeat US economy and the monetary policy hawks at the US Federal Reserve.  Despite the Fed's admittance of inflation concerns,...

UnknownUnicorn22694773

Hawkish Fed expectations appear to influence market participants to scale back risk and correctly highly-valued assets Conviction trades that have so far dominated trading activity in 2021 are particularly at risk of further corrections in price. Strong economic growth and cheap borrowing have been a boon to both bears of the USD and long-term bonds and bulls of...

UnknownUnicorn22694773

There's a question weighing heavy on the minds of many; How will the markets react in tomorrow's market open? Let's make preparations for the weekly trading session ahead and start with a quick weekend recap. Bitcoin had a quiet weekend considering how volatile the previous week had become - thank you, Fed Chair Powell - after the announcement of plans to raise...

UnknownUnicorn22694773

Rally in US Dollar strength has asset markets on the ropes The US Dollar Currency Index decided to extend its rally past 92.00 points last night, further adding to the selling pressure against a range of other assets - for example, Bitcoin, Gold and Silver.  This rally on the US Dollar stems from FED Chairman Powell bringing at least two interest rate...

UnknownUnicorn22694773

Fed Chair Powell reveals "inflation could be higher and more persistent than expected" Did you miss our exclusive FOMC analysis? Check out Technical Outlook Edition #25 before reading further... US Federal Reserve Chairman Jerome Powell has finally come clean and announced that "inflation could be higher and more persistent than expected".  Powell's about-face...

UnknownUnicorn22694773

US Federal Reserve officials have signalled the first rate increases are expected to commence in 2023 Markets were caught off-guard last night because of a hawkish shift in tone during the scheduled FOMC (Federal Open Market Committee) session.  The FOMC is an extension of the Fed (US Federal Reserve Bank). Their core mandate is to determine how monetary policy...

UnknownUnicorn22694773

Bulls approach a critical juncture - they must not falter during this consolidation Let's not waste any time now. We’ll start this deep dive with an hourly H1 chart.  BTC/USD - 1 Hour (H1)  Not surprisingly, buyers have been knocked down twice from USD 41K resistance due to the macro .382 fib retracement zone lying above and acting as a supply...

UnknownUnicorn22694773

Bitcoin has broken the downtrend and embarked on the early stages of a bullish reversal Do you want to know what's more impressive?  Our bulls are consolidating well above USD 38K, and that may because they have some extra fuel now that Gold (XAU/USD) is cooling off.  The two charts below attempt to highlight the apparent inverse relationship between XAU/USD...

UnknownUnicorn22694773

The Crypto correction is over - BTC likely heading to USD 46K in the coming days or weeks. Our Bitcoin bulls have been fighting for this bullish shift in market structure. Now, all we need is for them to follow through on the re-test around USD 37 – 38K. If BTC/USD can flip that resistance into support, a further continuation up to USD 41K is...

UnknownUnicorn22694773

This eerie silence in sentiment before the impending storm has never been more discernible It is make-or-break time for Bitcoin now. The bulls have done a superb job defending support at USD 35K. There is plenty of bullish confluence above, although bearish awaits if BTC/USD falls below this zone. Without further ado, let's break down the H4 BTC/USD chart below...

UnknownUnicorn22694773

Bitcoin bulls are running out of time, and the window for a bullish reversal around USD 30K is closing.  Selling pressure around USD 38K was greater than buyer demand, and price consequently fell below the H4 50MA (Moving Average) around USD 36K, which has now been flipped back into resistance.  All hope is not lost, and there is still an opportunity for the...

UnknownUnicorn22694773

Bitcoin ran out of bullish momentum around USD 38.5K, where the H4 .618 fib retracement level stood firm. As a result, we can see price action setting another lower higher (LH).  The bulls now need to defend both the H4 50 MA (Moving Average) at USD 36.5K and the macro 0.5 fib retracement level around USD 34K.  If successful, then it may result in the higher low...

UnknownUnicorn22694773

Our Bitcoin bulls have held their end of the field after ripping back hard from their support order block around USD 31K.  They are still around - nevertheless, with a lot more work to do. After bouncing 20%, this price action is a great start. Moving forward, the cooling-off for BTC/USD needs to hold a few key zones.  H4: Flipping above the H4 50 MA (Moving...

UnknownUnicorn22694773

Bitcoin fell as low as USD 31K during last night's trading session. However, this price drop should not surprise our readers because the bearish confluence outweighs the bullish, as we covered in the previous edition.  Our result, a further sell-off to the order block around USD 30K…  Losing the macro 0.5 fib retracement level is bearish, and a further drop to...