Bears have momentum now. Bulls rejected at the top of an ascending triangle and now showing multiple confluences of a reversal.
Watch for Buyer failure patterns at resistance. Let the bulls try once, let them try twice, then short the trap high into the magnet ranges below at 92 91 90. Take note around 10-11AM EST tomorrow if we are still trending or we are ranging.
Long on the dollar targets 92 93 - 103
Buyer failure patterns above the range. Careful for retracements and wait for more crown reversals/failure patterns if you are not already in.
Quick rough markup. I believe price could respect this bullish order block at 47k but I need more proof. Wait for more seller failure patterns below the range. If we get a strong run back up to 50k and a retest, then we have a much higher probability for longs. Expect anything.
Fundamental analysis Crypto remains extremely bullish for the year until new regulations pose restrictions or more inconveniences for owners of the 'new gold'. Long term Dollar failure pattern is still in play and bond yields retracing off the last highs throughout the week will only continue to boost more risk-on assets such as crypto. Technical analysis Further...
Buyer failure patterns below 91. Targets bottom of the pendulum swing. Proper risk management
Fundamental analysis My position is still bearish since the fed continues to be pessimistic about the economic recovery post-lockdown. Technical analysis Looking for 3 try traps/buyer failure patterns above the $90.5 range unless the bulls are able to give us a strong run up off $90.6. If we see a strong run up, then we can mark up the high and the low of the...
Setups coming to fruition. Proper risk management is key.
Fundamental Analysis My position remains bearish for the year since NFP and the Fed's remarks about the economy were not optimistic last week to close a retracement week to the downside. Debt yields soaring because more stimulus is to be passed. Bond yields spiked only to get rejected again as well. Tech rallied on Fridays trading session while precious metals...
The range below has been proved itself in becoming a magnet for price to rip back down. Price will encounter resistance at the pivot price $90.25 below most likely continuing its decent as gold , bitcoin , and the indexes continue their rise. Be careful trading in the range. Bears targeting the bottom of the range round numbers $89
Dollar retracement is over now back to the downside. Fundamental analysis remains bearish since more stimulus is expected.
Quick Markup with fundamental and technical analysis As the crypto market continues to grow by the 10s of billions weekly, Ethereum has been right along side bitcoin , pushing for more and more new tops with what seems like no hope for breakouts to the downside next week. Watch for a break and retest of this $1,600 zone. If the bulls are unable to keep up the...
Bullish outlook on the Gold Imposter My fundamental analysis stays overwhelmingly bullish as bitcoin, like the Dollar, is holding its reputation of being a safe haven currency along with gold. This is also while silver gets pumped 11.5 percent to its highest level in eight years by wallstreetbets and might not get dumped playing toward the risk-on sentiment seen...