BBBY pulls back to $3 after the impluse, the RRR is almost 1:3 on this trade.
Technically DE30 trend has reversed bullish after breaking out and printing a higher high, now looking for a good long entry price, 13333 loos juicy with an amazing RRR. This is only valid if no major news happened.
After positive US CPI data and DXY weakness, equities & crypto have pumped up during the whole week. But, will the rally continue? I don't think so, especially with the 200 daily MA resistance and interesting liquidity below 21k as people got so greedy! Here is a weekly DXY chart, we expect a bounce from this support area at least for the short term:
After the 18100 support breakout now acting as a resistance, bitcoin has clearly rejected it with a very bearish pin bar indicating the selling pressure from the resistance. That came as a result of FTX bankruptcy and SBF's arrest, now with Binance FUD things are getting a lot crazy, the largest crypto exchange by volume is experiencing US media pressure causing...
Binance FUD is getting serious after the inconvenient CNBC appearance of CZ, removal of last audited files & the large amount of withdrawals last week. SBF's $250m bail & return to his parents after stealing over $10b seems like a joke, but his past financial aids and donations to election campaigns paid off! and guess what? they will even attack Binance as a...
Bitcoin testing the broken support 18k before FED interest raye decision. Economists expect 50bps hike despite November inflation declined 7.1% with the 4% interest rate. Following equities, SPY is testing a major resistance here and a short looks juicy for retail:
Following price cap on Russian oil, Opec+ is likely to cut oil supply for the second time. Technically, CL has broken above the downtrend resistance and now in a correction wave. Getting filled at $77 will give us the ideal RRR in this trade.
APTOS blockchain was a hot spot a month ago, now trading at $4 per APT. Technically, PA in this ascending triangle looks very bullish and a breakout of the pattern will result in +30% move towards $8 mark as first resistance.
After the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green. Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target....
This breakout to the upside could send $BTC to $14000 or lower, technically this is a valid short setup. In terms of fundamentals, FTX's bankruptcy risk is putting pressure on crypto markets after Binance gave up on its intention to rescue the non US FTX. SBF has apologized in a recent tweet and said that it was his mistake! $8 billion is required to save him from...
After +18% because of stockmarket gains, volume is decreasing while PA is uptrending + a bearish divergence is lower TFs. Will $BTC extend gains next week?
$BTC broke below the uptrend that has been holding for so long. $SPY looks ready for a correction, back to 410: Nasdaq back to 13000:
XAUUSD market is down-trending since the it hits ATH at 2070 when Russia-Ukraine conflict escalated for the second time since 2014. In a bearish market, we only look for short setups otherwise we are just forcing trades. In this trade, we have multiple confluences: - Bearish market - DXY strength - Market already broke below the strongest support 1680 - Price...
Almost all Alts look the same, Bitcoin consolidation will not stay forever, this setup will be valid if we get a Bitcoin breakout to the upside and this can only happen when FED starts to cut interest rates after CPI decreases.
Right after being listed on CEXs, $APT price surged and retail didn't have a chance to get in, now looking at the PA it looks like the $8 is a good buy limit order with a SL just below the consolidation phase before that breakout, targeting $20 which a 150% move.
Most of Q3 stocks earning so far are green, maybe last positive earnings report if FED didn't cut interest rate, but food and energy crisis will drive prices higher and there will be no chance to decrease inflation other than rising interest rates to lower demand and so prices. At this point, DXY strength will continue and US equities will bleed especially in...
Clear breakout sends $ETH to at least $1400 after the merge, sorry merj. What's up Ethereum classic community?
I have been wating for $BLOK breakout for so long, now taking a long with a 1:5 RRR. 180% Targeting 0.011