ViniciusBaccelli

ViniciusBaccelli

The test of the 8 weekly would be a great place to take action, finding support over it could trigger a good long on ETH But loosing it could trigger a good short in so many alts. Stay alert for the American market opening.

ViniciusBaccelli

Atom wants to reenter a bull trend again to maybe reach new higher highs even. But we need to be careful with it´s high long short ratio at the moment that could stop the move to the upside. Those that bought at 26-27 like me should leave a Stop loss under the 21 weekly on my opinion (29,6 right now) But if Atom manages to really get inside a trend tendency we...

ViniciusBaccelli

On the daily we have an inside bar between 45560 and 47450. Check the weekly and monthly analysis below

ViniciusBaccelli

We can notice another inside bar with a higher support at 44250. Check the monthly analysis below.

ViniciusBaccelli

Starting with the monthly we can notice an inside bar that needs to be broken between 48260 and 37210. We are creating support over the 21 and 8 weekly moving averages as well. If BTC can break 48260 we can go test the Control Point around 52k. And that will be the most decisive price action move we need to trend upwards and maybe have an extended cycle if not...

ViniciusBaccelli

As the S&P just dumped a lot today BTC resisted at 44200. I was not expecting that, but I kept my positions. Times really are different in days like today, if we confirm support we could try to test 52k. 52k is the control point where the trend can change to the bull side, if we can´t reach and find support over it, BTC could have trouble and even find lower...

ViniciusBaccelli

If BTC is able to hold above the 21 weekly, we could see the 21 weekly pointing to the upside in a couple of weeks. We have a lot of support around the 45k area, on my view, could be a great place to buy. 52k is a huge wall, but I still think we have space to get there if the S&P trends upwards in the next days.

ViniciusBaccelli

Follow me for more Technical analysis that surround the crypto market (BTC, Altcoins, DXY, SPX, Nasdaq, Bonds and more) This content is not Financial Advise, but help you out in your decisions. Check my long term analysis below before checking the short term analysis here. A) We could just find support here and break to the upside soon B)We could first have a...

ViniciusBaccelli

Just based on the last selling points of the dollar, I still believe the markets did not reverse just yet. We could have one last move to the downside before pumping up. Let´s not forget that the market tries to liquidate as many as possible before reversing.

ViniciusBaccelli

ETH need to hold 2800 as support to stay over the 8 weekly and stay in a short term uptrend at least. If ETH and BTC can hold the market could pump fast in the next weeks Be ready!!

ViniciusBaccelli

Still ugly for alts, maybe we`ll have an opportunity if BTC holds above 45k In the other hand we have many assets like LUNA, WAVES and XMR that have a low long short ratio. Those could explode since people are shorting it in the future markets.

ViniciusBaccelli

Even though the dollar just popped up, the S&P is still inside that triangle, TA still talks more during moments of indecision.

ViniciusBaccelli

This could one last leg of the dollar to continue to the downside, check the monthly graph, this month is very important.

ViniciusBaccelli

While many think about buying or selling, the smart money keeps playing the futures market and liquidating the shorts right now, so that they can liquidate the longs afterwards. Sideways movements like that are the best way to loose money. Be careful.

ViniciusBaccelli

There are two case scenarios: 1)Going back to the bottom of the triangle, causing upside movement in the markets 2)Breaking the triangle and actually skyrocketing to the upside in the next months causing a long bear market.

ViniciusBaccelli

Short term analysis, 36k could be a small support in the short term if the S&P keeps trending upwards in the short term.

ViniciusBaccelli

Dollar´s graph tells me it´s time to decide if 1) we are breaking that triangle to the upside, causing an extreme dump on the markets as well 2)Break to the downside again to test the bottom of the triangle (bringing in a relief rally) I don´t really believe in relief rallies if the war keeps going sideways, but manipulation use those fear moments to generate...

ViniciusBaccelli

Sell orders filled up the book order of nasdaq for now, let´s see what happens during the opening. If we fill the gap before dumping more could be a good short opportunity, but I think that if things go sideways it won´t respect the gap at all.