Just my view on the scenario right now, I don´t think we will be visiting any lowwer than that but we do have some liquidations to be made here. Check the liquidation map and smart money and make your conclusions.
I know that H&S seems crazy, but it have been coming up to me all the time. I don't believe that we are rocketing right now, alts are not gaining dominance yet and there is a lot to unfold in the Tradicional markets with respect to BTC. I am just leaving that as a possibility here, have a great one!
Hey guys, I have been waiting for this moment for a long time now. I got out of the market during the last cycle when BTC broke the 52k support, I took my profits home and waited for the next bull run. I did not expect it to start so fast with all the economic crisis, but here we are, and I am back trading, let’s see how much money I can make this time, last time...
We are getting closer and closer to repeat the 2008 recession, in even worse scenarious. I am keeping my short on BTC, but it is not the time to open new shorts here, rember that this average is very strong, and it could takes another 2 months to break it. Also we have 2 gaps upward that could be filled, at least the first one. Markets are crazy, so don't...
DXY is already in a decision point with lot's of resistance, waiting for that decision on the 75 or 100 basis point increase. Higher probabilities are pointing in the 75 basis points direction but we need to stay with our eyes open. DXY can't break 111.2 this week if we want any chance of breathing in the markets.
Only swings are allowed right now, the market is getting some liquidity from leverage traders before making a decision. Shorts Max Pain is around 34k, but have a lot of liquidation on 30700 Longs Max Pain is around the 25k area which one will hit the target first we never know, but I am pretty confident that one could do both a long and a short with no leverage...
After 8 weeks of red BTC could have a green candle for sure, but it can be less then what everyone expects, and the week just started. Max liquidation is the goal right now, so use the belt.
We broke the record, is it still going break another one this week or we need a break? With dollar pulling back today we might need to breath, even if I still believe that the bear market is far from over, we can pull out some trades this week.
We might have a pull back in the markets this week with the dollar pulling back. Bitcoin made 8 weeks in the red, breaking a record it never did before, will it close in the red again this week? We can! Markets are bleeding hard, but the shorts right now are extreme, so we have liquidity to pump and maybe close in the green this week. I´ll be posting SPX and...
That daily inside bar is key today. With long short ratio low, open interest increasing, and the dollar falling I am very bullish. Check my dollar analysis below, please leave your comments and ideas as well. Have a good one.
The dollar is showing us some breathing time, Long Short ratio on BTC is reaching 1.3 and lower, we have many shorts to be liquidated. Not the moment to short the market for sure.
Just a possibility if the DXY pull back from 105 region, we could see a pump of some alts in the meanwhile. If we break that triangle to the upside, we could se a huge dump on the alts again, and trust me, it can happen.
Bullish div on the daily graph. Just a heads up Check my past analysis below, and please leave your comments.
What makes me think that we are set to pull back. I know the situation is dangerous, don´t bet what you can´t loose. But 24500 should be the strongest resistance now, it needs to breath over 30k ish so it can maybe really test the 200 weekly average. I it goes right away to the 200 weekly I am going all in, what can I say. In BTC and ETH ONLY!
The dollar is the key that separates us from an early recession or late recession at this moment, we need to understand how it will behave in the next weeks and months to understand if we are having 1) A fast move to the upside breaking 13.8 and creating support over it, leading to 108 or higher. 2)A pull back to 100ish only to break 13.8 and go high 3)A slow...
DXY is rejecting 103.8 at the moment, given some hope for the market bulls. I believe that the cause of that is the China market that is recovering today, if we confirm this rejecting on the weekly we could have a pull back this month. Please leave your comments below, good trading.
Under the macro circumstances of the markets we all know how risky it could get if the dollar keeps breaking higher highs. The time to buy is close as well, but first we need more panic in the markets. If you want to short I would wait for BTC to retest 38k before opening a position, but it could just dump taking away the opportunity to scape for traders. I...
The dollar formed a standard break out patter. By forming a bear trap, breaking the triangle and testing the smart money area in the middle of the triangle. On my view there is a high probability of a bullish break on the dollar and bear trend continuation on the markets.