BTC has pumped really hard the last few days with Russia being sanctioned, whether its a whale stunt or a legit flight to safety who knows. It's best not to fomo just yet as there is an imbalance just below the price that will be filled for a slightly better entry. Each time BTC has put in a swing it has done a full retrace so if this is the bottom it is...
Potenitally hit support here, no drama, no bull market is over forever Not trading this but its an idea
As per previous charts you can see that I play charts not feelings and am not a permabull or bear, BTC on a weekly is potentially setting up for a run close to 100k depending on how we close this week. The dip may be a final liquidity grab
This set up has played out in each of the previous structure breaks, I would not turn bullish unless this invalidated
A lot of people have gone bearish on Sushi, they have a lot in the pipeline reading their medium. I feel like this one can grow pretty rapid with little news.
The market appears to be moving in very obvious patterns, playing out to technicals much more than people fundamentals and emotions...as it should If BTC closes its next candle below the swing structure I would anticipate a move up and reversal, this pattern has played out both times it has shown in recent months.
On the weekly silver has broken below structure and has had a bearish retest of the OB. This structure last appeared before the covid March dump
Bitcoin repeated the same measure move from the previous all time high to the bottom of the its current move and has just moved from the bottom to top in the same measure. No long or short bias here but be careful for a lower low here.
ICP has been showing strong signs of a technical reversal. If Bitcoin behaves there is potential for a 5:1 trade here
Gold has been lulling for a while but after consolidating it looks like it will attempt to run toward ATH by end of year
We are in a bearish move down where gold is forming an ascending wedge, looks like plenty of short term downside here to grab a few points.
I have been watching and reading a bit recently around how the transport sector leads the markets and can see a few reasons why. In the top chart you can see divergence just before the Covid-19 black swan and now we have a very heavy divergence in play similar to what led the market before the 2007 crash, it could be seen as the start perhaps. Theres a lot of...
Nice downward channel, may break up before another drop
Just messing with fib rings and fib channels and noticed once we crossed these rings along with the fib channels gold has reacted, gold is heading to the top of the fib channel before a sharp drop? This coincides with the DXY's break from a weekly downtrend channel and could impact gold over the coming months
Is NANO about to break this triangle and run to doge levels? With new interest from ex-robinhood users we could certainly see a run up, wait for the break if it does it could yield some nice returns
As you can see by going back through the gold charts history, this moving average cross signifies a big switch in momentum, not even the covid panic stopped the uptrend. Gold looks to be descending in a channel and the cross adds to the idea that this looks like a safe short for the next few weeks. Please let me know your thoughts