For those who rather to do DCA or search for opportunities in day trade and scalp, the S&P 500 closed with a bullish divergence yesterday. So it is likely that we will have good intraday opportunities today.
At the moment the S&P500 is testing an important pivot level. The local smart money region is just above (yellow line), so the biggest resistance is still to being tested on that pullback. The S&P500 price action in the coming days will determine the trend of the market, especially the stock market. Bitcoin and cryptocurrencies still heavily influenced by it.
BITCOIN / U.S. DOLLAR (BTC/USD): All The Pivots, Supports & Resistences – Short-Term
The take off is getting close… fasten your seatbelts!
The expected emerged crossover is here, but wait for a correction in the short-term before the next motive wave. In the last post, we predicted a rise in the very short-term… we are here! +55%!! But don’t think it’s over… in the medium to long run we still have a lot of room to surge! Target 0.00011 BTC!!
If we’re not at the bottom, we’re likely pretty close… above you can see all the pivots, resistances and the fibonacci retraction between the next support below and the highest point before the last correction started. Overall we don’t have conflicting indicators… they are all corroborating with each other. Let’s take a look at each indicator of our setup… ...
We had a submerged crossover and a long correction at oversold levels… we walked on the under part of Bollinger Bands for a long time and we’re at the bottom at this moment. It’s likely that we are approaching the end of this correction! Let’s take a look at each indicator of our setup… RSI – This is the ideal scenario for anyone looking for an entry. Strong...
XRP has been under strong correction with several successive submerged crossovers. The last crossover coincided with a bearish candle, reinforcing the bear flag. Right now we’re at the bottom of Bollinger Bands with a candle that has everything to close bullish, but we still have room to go down some more before the reversal. In the very short-term, we’re likely...
Strong buy signal in the most important indicator and going to the upside in MACD… This is the primary count for LTC/BTC pair!
The emerged crossover is imminent at the middle of Bollinger Bands. Note that we just moved to the upside in MACD!
The scenario is quite favorable, but we need an emerged crossover to revert the last submerged crossing. Note that we’re already out of water!
The last emerged crossover was partially confirmed, being interrupted by a bloodbath in the cryptos market… which resulted in a formation of a submerged crossover when we’re still in the middle of Bollinger Bands. If you’re following our analysis, you know that a submerged crossover is a strong bear flag. So you can wait for a dip soon. Let’s take a look at each...
Yesterday we made a submerged crossover. So, let’s go down some more… The last six submerged crossovers have anticipated a dive. If this one is confirmed, and probably will be by the circumstances, it will be the SEVENTH submerged crossover bear flag confirmed in a row!! The last five emerged crossovers anticipated a climb as well… so, when this bear flag is...
A submerged crossover means that we still have margin to down… in addition, all the indicators in our setup corroborate that. Let’s take a closer look at each one… RSI – Since oversold levels have been reached recently, we’ll probably only touch the 30 limit in the subsequent dips. Stochastic RSI – Clearly indicating a downward trend, confirming the submerged...
Here are the pivots and resistances that we should keep an eye in the short-term.
We've not hit the floor of the bollinger bands yet... we still have some margin down, but we're almost there. Let's see how the indicators are now... RSI - It was time for a dip here as it had a continuous climb until almost overbought levels. Stochastic RSI - It was at overbought levels for a looong time... finally came down. Stochastic - It was at...
So the dive we’ve been waiting for is here, causing disappointment in the newbies and spreading fud/bearish bs… But those who are following us knew that although the market is bullish in the medium to long term, a minor correction was expected and it was anticipated yesterday. It’s not a good idea to mix trade with emotion… the ideal thing is to stay disciplined...