BTCUSD daily guidance is neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. *Technically, BTC and many other Cryptos look relatively good right now compared to Equities which have continued to get sold off in favor of DXY and US Treasuries; some may view this is as a decoupling moment, others as a market lag, and me as a technical correction...
BTCUSD Daily guidance is cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *Cryptos and Equities started the day off in the green but are now selling off, interestingly Futures, Gold, DXY, US Treasuries and VIX are down while Energy and certain Precious Metals are up on the day. The Merge is scheduled to launch on Ethereum's Mainnet at around 1am EST...
BTCUSD Daily cautiously bullish. Recommended ratio: 70% BTC, 30% Cash. *Cryptos are attempting to continue their rally into the weekend (surprisingly led by LUNA2) as we approach the week of the long anticipated Merge on Ethereum's mainnet. As economic data continues to improve and demand is beginning to get more in line with supply, markets appear to be ok...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 60% BTC, 40% Cash. *It's only 10:30pm in California right now so there's still a place in the world where I haven't missed a TA on 09/08/22. Today was just another day in 2022: Fed Chair Jerome Powell made it clear that 75bps are still on the table for 09/21 , SEC Chair Gary Gensler said that most...
BTCUSD Daily neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. *Cryptos are seeing some selling pressure as US Stock markets are closed for Labor Day to start the week. Equity Futures, DXY, Oil and US Treasuries are up while Gold and Cryptos are down or flat. Key Upcoming Dates: 10th GDPNow US Q3 GDP Estimate at 830am EST 09/07 ; 6th Beige...
BTCUSD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% Cash. *In the August Employment Situation, Nonfarm Payrolls increased by 315,000 and Unemployment finally bucked the 7 month trend of declining or staying flat by increasing .2% from 3.5% in July to 3.7% in August. Cryptos and Equities rallied off the news early in the session and are...
BTCUSD Daily Cautiously Bearish. Recommended ratio: 35% BTC, 65% Cash. *Cryptos continue to see a sell off into the weekend following Jerome Powell's remarks yesterday at Jackson Hole. Cleveland Fed President Loretta Mester praised Powell's speech and commented that FFR will likely have to remain above 4% for 2023 . Now the question becomes, at what point...
BTCUSD Daily neutral with a bearish bias. Recommended ratio: 47% BTC, 53% Cash. * The 7th GDPNow US Q3 GDP estimate came in at 1.4% this morning compared to 1.6% on 08/17/22. Cryptos, Equities, Commodities (aside from Soy, Silver, Copper, and Platinum), Futures, Treasuries and DXY are all up while the Euro is flat and VIX is trending down. Markets have been...
BTCUSD Daily cautiously bearish. Recommended ratio: 35% BTC, 65% Cash. *This bearish week was marked by degrading economic data from China, Germany and the USA, stoking global recession fears once again. China is currently seeing a weaker consumer (due to still ongoing effects of the Covid lockdowns), heat waves affecting factories, a weakening property...
BTCUSD Daily cautiously bullish. Recommended ratio: 75% BTC, 25% Cash . *July US Housing Starts are down -9.5% from June (compared to -2.5% consensus estimates); July US Building Permits are down -1.3% from June but are up 1.1% from June of 2021. The big miss on Housing Starts is reflective of recessionary fears and rising interest rates hindering people from...
BTCUSD Daily TA neutral with a bullish bias. Recommended ratio: 65% BTC, 35% Cash. *SUNDAY/MONDAY SCARIES WATCH. Cryptos had a relatively flat weekend as the DXY continues to see downward pressure leading into a likely volatile week for all markets. Key dates this week: Google and Microsoft earnings 07/26; Meta earnings 07/27; FOMC statement on whether or not...
this is a similar scenario to trias, which was provided in my previous post. I am not sure how long we will be in this channel but it does give us any idea when a breakout is expected and an idea of the grand scheme mid term for bitcoin. for trias i think we will ride higher in the channel until it crashes right after bitcoin finds its bottom. I dought this is...
Swing failure pattern entry below the 45.5k horizontal support, TP1 is the first golden ratio below the point of control, second is the next golden ratio and third is the weekly nPoc located at 50.7k.
On a hourly time frame, bicoin is showing a divergence in RSI. The coin has been respecting a trend line and the RSI has been falling. If there is a breakdown in a structure the coin can take support at 41980 and 37700. The trade setup is good and targets are achievable. Wait for the candlestick chart pattern to form near the trendline support.
BTC holds successfully 0.786 fib level after this crash from 43k . let's see what gonna happen next i can trust this candle to send us to 46k .
Bitcoin is making a bullish triangle on the 40K just like the triangle that it had been made on the 28K. this triangle is more little than the 28K triangle.
Bitcoin has retraced, I see a clear bullish divergence on the 10h timeframe which signals a possible reversal either tomorrow or over the following week. The sell volume is currently low, we have attempted to break the resistance but failed. I'm expecting us to make a higher low here and then re-test the resistance (white horizontal line). That horizontal...
This is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years. With Altcoins becoming more and more popular, this is resulting in...