hbaieb60

hbaieb60

I think the DXY is very close to the end of its rally , this will be very good for the markets generally , especially for cryptos and stocks since they faced massive losses for months now , i think we still have some small upside up to 110 , drawn from the macro fib channel on the monthly chart. Plus the RSI is very overbought , although it still has more to go to...

hbaieb60

in my opinion i think the BTC correction is very near and i think we will see BTC bottoming soon this year . CPI numbers are due this Wednesday (july 13 ) , I'm not very optimistic i don't think we are close yet , plus the DXY chart is still going up and hasn't reached a specific supply zone yet. Not financial advice .

hbaieb60

every time BTC goes up by 20% just to correct it's previous massive sell off , you see youtubers hyping off retail traders as usual only to see liquidation candles in the next upcoming weeks .People right now are getting very bullish and it scares me a lot . I think BTC is very close to the bottom we are only a few weeks away I think we are still gonna see 2 more...

hbaieb60

Well if you draw a trend line from the 2018 high to the bottom and copy it and put it on the 2021 high and will see a lot of confluence in the charts . if we drop by 91% just like previous bear markets you are likely to bottom on the trend line . Not only that you have a major green support zone that has been acting as previous resistance . Plus considering the...

hbaieb60

this inverse H&S pattern got a lot of eyes on lately and a lot of people are right now opening massive long positions since price retested the previous neckline resistance and flipped it as support . In my opinion we still have a lot of resistance up ahead to call this a relief rally . You have macro resistance at 22.1K which is caused by the 200 WMA . you also...

hbaieb60

considering the rate hike situation i still think we still have more down side for the stock market in general and this is absolutely the case for the S&P . I believe the S&P will still has to go down until we see inflation getting lower . I still believe inflation did not peak yet and i still think the fed will go for another 75 points next july . at 3520$ you...

hbaieb60

A lot of people were very greedy when BTC hit 22K , thinking history is gonna repeat itself and that we were going to bottom on the 200 WMA like previous bear markets . Considering the economic situation we have now I think we are gonna be seeing much much lower price targets for BTC . Compared to the previous 2014 and 2018 bear markets the current geopolitical...

hbaieb60

Massive capitulation ahead in my opinion , a lot of people were expecting price to hold above the 2018 high , more precisely 1300$ . you still have more support at 750$ though so i expect some consolidation first before we go straight ahead . 630$ is a price target where the horizontal and the vertical fib channels cross together , not only that , there is also a...