Good morning everyone!
We managed to surf the pullback on
SPX
and are still holding our short position from February 16th.
The next couple of days will be crucial for
SPX
.
The downtrend may be expected to continue, while
SPX
is trading below the 4030 resistance level, which will be followed by reaching the 3900 support level and then the 3800.
However, I will be taking some profits as we may experience a small pump. The movement is reaching the 65 value which is a common area for reversal.
For the past few weeks, the volume flow was fully charged on
AAPL
and predicted an imminent reversal.
We closed our long position from January 6th. This week, we were served with a 4% price decrease.
Currently, both the movement and the trend show bearish signs.
Breaking below the 144.5 support level would confirm the downtrend but I expect Apple to range between 144 and 151 for a few days.
ETHUSDT
On the weekly timeframe, the trend is approaching the 0 value. Breaking into the positive will confirm a longer-term bullish upward movement which is great as we are still holding our January 2nd long position.
However, we need to pay attention to the movement which is getting closer to the overbought zone.
On the daily, we have been experiencing a small pullback last week but tonight was wild and China went straight into bidding mode recovering about 3.5%.
Yesterday, bulls protected the 1600 level and we are most probably going to retest the 1700 resistance if we keep the night's gains.
BTCUSDT
On the weekly timeframe, the structure is exactly the same as Ether. The trend is approaching the 0 value and we are still holding our January 2nd long position.
On the daily, while yesterday night's pump recouped much of last week's loss on Ether, it did not happen with the same amplitude on Bitcoin.
On the 4 hours. We are still in our February 25th long position, both trend and movement show extreme uncertainty as they have been evolving in the danger zone for quite some time.
I am taking profits and reducing my position.
We managed to surf the pullback on
SPX
and are still holding our short position from February 16th. The next couple of days will be crucial for
SPX
. The downtrend may be expected to continue, while
SPX
is trading below the 4030 resistance level, which will be followed by reaching the 3900 support level and then the 3800. However, I will be taking some profits as we may experience a small pump. The movement is reaching the 65 value which is a common area for reversal.
For the past few weeks, the volume flow was fully charged on
AAPL
and predicted an imminent reversal. We closed our long position from January 6th. This week, we were served with a 4% price decrease.
Currently, both the movement and the trend show bearish signs.
Breaking below the 144.5 support level would confirm the downtrend but I expect Apple to range between 144 and 151 for a few days.
ETHUSDT
On the weekly timeframe, the trend is approaching the 0 value. Breaking into the positive will confirm a longer-term bullish upward movement which is great as we are still holding our January 2nd long position.
However, we need to pay attention to the movement which is getting closer to the overbought zone.
On the daily, we have been experiencing a small pullback last week but tonight was wild and China went straight into bidding mode recovering about 3.5%.
Yesterday, bulls protected the 1600 level and we are most probably going to retest the 1700 resistance if we keep the night's gains.
BTCUSDT
On the weekly timeframe, the structure is exactly the same as Ether. The trend is approaching the 0 value and we are still holding our January 2nd long position.
On the daily, while yesterday night's pump recouped much of last week's loss on Ether, it did not happen with the same amplitude on Bitcoin.
On the 4 hours. We are still in our February 25th long position, both trend and movement show extreme uncertainty as they have been evolving in the danger zone for quite some time.
I am taking profits and reducing my position.