Nothing more to say, look at the chart. We'll see interesting developments.
BTC 4H Double VWAP XABCD 65.000$ will be an almost-perfect entry to seek a long entry. XABCD Movement is on point - BUT RSI needs to show another rejection from the oversold level, whenever we will hit it.
The chart speaks for itselfs. SEI has to hold 0.5 FIBO level (0.618, in the best case). This really depends on BTC price action, but load your bags till the breakout, which looks almost imminent.
Well, this is probably one of the best chart ever seen. If you are looking for long-term opportunities this might be interesting: JTO is currently developing a clear and solid channel; if the crypto market continues its rise, we might have a very good outlook on JTO.
Although I don't completely believe in cyclical analysis on emerging technologies, this overview is interesting. Everything needed to understand my analysis is directly embed on the chart . Please, feel free to comment and share your idea! It's always wonderful to have a chat, especially on long term outlooks.
Hello traders! Today I update the idea I shared on 13th Aug. On 13th Aug i highlighted 3 scenarios (1 on tradingview considering bad CPI, 2 on telegram considering mid and good CPIs) SPX followed the bullish scenario (green) - after CPI Aug release. Market is really weird, personally I think that Inflation cuts will lead to lower levels if 50bps (because it...
If we breakdown this level, and retest it ----> short until major trendline (could hit lower after rate cut if 50 bps)
If the market continues to lack, we might see SOX breaking an yearly support level, which may lead to an insane bloodbath in SPY (especially tech industry -- from Nvidia, AMD, Intel to Apple)
DMI is an useful indicator to understand market's position building. I consider 0.618 fibo a resistance level very hard to beat -- we will see another downside. Opened short ----> switching long around 45.000$ depending on macro and SPY movements.
As DXY broke 3M key levels, I see no more relevant resistances until higher levels. BUT: Let's notice RSI and how it is reacting to the price action. Generally, a growing DXY is a short signal in the market, but it really depends on how the world economy perfrorms against USA, and how USA manages internal monetary policy. DYOR.
This is my setup if bearish momentum continues, it really depends on macro data and how the inflation will be going in the future. Notice the upcoming death cross on RSI, this is a critical moment.
This is a huge chance to get a big short towards lower levels, highly advice to close your long position or lower your leverage. Cover your losses! DYOR