ranxero46

ranxero46

As BTC has passed any former resistance zones, what can be expected? Currently, due to the global political situation, with focus on an escalation of the war in Europe and the Near East, the BTC run is likely to continue, just as gold will. As markets often move in 3 steps, the chart shows possible targets for 3 measured moves up. The recent consolidation zone...

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After news was released that the sill in power Biden administration allows Ukraine to use long range missiles to attack Russia, I would expect a fear reaction, leading to a greater demand for Gold. Besides, Gold re-tested a strong resistance at about 2500 and the chart shows a strong RSI divergence.

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Price got rejected at the short liquidity zone around 70K. Two RSI divergences at the last high. Possible short entry with tight stop and 1 : 3 profit target.

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The bullish W-pattern currently forming may allow for a 1:1/1.5 long entry. Yesterday's bearish candle tried to bring the price down again but was strongly won by the bulls. We should see at least one more bullish leg which allows for a long entry. The fear & greed index is about to enter the neutral zone and ihe major US-indexes show increasing risk affinity of...

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I'm expecting BTC to dip down into the long liquidity zone between 32-48K. Hopefully we will see a change in trend around 40-44K. For more detailed figures on BTC-liquidity google: "BTCUSD liquidity map" or check DecenTrader website.

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Small consolidation zone between 27th August and 3rd September. 4th September saw price dropping out of the zone and a strong bullish rejection from the bullish breakout line. The move was wiped out completely the next day and thus turned into a bull trap. Today the bullish breakout from 8th August was filled with a rather weak rejection. The measured move down...

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The bearish breakouts from 11th June and 2nd August were filled before BTC continued further down. Two bullish breakouts from 5th and 8th of August are still unfilled and I'm expecting price to reach down at least to the one from 8th of August before we will either see a bullish rejection or price will continue to fall. If price breaks below the 50k level next...

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The expected W-pattern has become invalid for the time being. We see the bullish pullbacks of the recent days are losing strength and today's candle has opened below the close of the prior candle. The W-pattern lacked a RSI divergence which made it less likely to eventually occur. The Fib shows possible re-test levels further down. As the RSI is still above the...

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Between 19th and 31st of July a bearish M-pattern was created, followed by massive drop. In the recent days we see a bullish W-pattern building and once it is finished the probability for a long entry is high, with a profit target at 72K. Additionally BTC is building the pattern after the RSI has already broken the 14 days SMA. An additional RSI-divergence...

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Worldwide gold is a traditional Christmas present which makes its price go bullish by the start of December because gold sellers stock up on their supplies. When we compare last year's price movement and the level where gold is currently sitting we find an almost identical setup. Strong bearish swing which came to a halt at the 50 Fib-level which has been both...

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As seen before W- and M-patterns often are followed by a strong change of direction of price movement. Besides, we're approaching the end of the year and fund managers usually sell the positions that performed weakly and increase positions that performed well to make their success rate look better by the end of the year. As BTC has performed nicely in the...

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Whenever BTC formed triple tops or bottoms in the past we saw a trend change happening thereafter. As I see BTC generally as bullish I do not expect a full trend change but rather a retracement to the indicated levels.

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We saw a strong rejection today at the resistance zone from February 2021. The RSI shows VanEck to be overbought and I would expect a retracement down to the 0.23 or even to the 0.38 fib-level. Stay alert to enter at better price.

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Suggestion to go long on Filecoin/FIL Fundamental: ------------- Filecoin addresses the boom sector NFT with its project NFT.Storage. With NFTs based on a decentralized network such as Ethereum, the NFTs themselves are stored in a decentralized network. But the underlying data of the NFT is often located on central servers. With the help of NFT.Storage this...

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Please mind that this analysis is mostly technical and might get invalidated by fundamental or news events. This is a suggestion to go long on BTC and Zilliqa(ZIL) native coin. Inside the green circle: Just as in the text book ... how much confirmation do you need to go long? On 7th September we saw a stop hunt to take out weak bulls who entered around or...