Traders, There are essentially four big reasons explaining this bitcoin pullback. Let's take a look at what caused this pullback and talk about where we go from here.
At the moment, price is still retesting the current midvwap, but as soon as price break below 215$, sells towards 150$ come in play. On the other hand, price can still retest the current high at around 260$, but only if price manages to break above 290$ we shall start looking for buys continuation. Until then sells are more valid than buys, simply because...
Once price respects the current high that has been formed at around 46k, once price breaks below last mitigation of this current demand, we can definitely look for sells towards 40k, 35k and even 30k, depending on future data. On the other hand, a break above this current high is still posiible, but only a strong breakout above 48k will confirm buys continuation....
Hello, in this analysis, I saw the potential for this sell-off around August 8th. I just never posted it, but I was chatting with AI to see how many months, days, weeks, or years equaled how many candles. So, I picked the 91-day timeframe because I will normally be on the right side of the trend most of the time, as that is higher than the monthly, weekly, daily,...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of the Nasdaq 💪 Looking at the macro view on the monthly timframe you can see that at the moment the Nasdaq is retesting massive resistance of the 10+ years rising channel formation so I do expect a monthly push lower. With...
Traders, What an unexpected set of events in the crypto world! At least from my perspective. We are going to discuss what just happened with the Bitcoin crash, where we now stand from a price perspective, and what needs to happen for us to recover again. We'll also be discussing the usuals. I think I have found a target bottom for the SPY? If I am right and the...
Traders, In this update, I am going to focus mostly on the U.S. Housing Market decline and what it means for the Feds reactionary policies, the U.S. stock markets, crypto, and the future of our U.S. economy. Stew
financialized markets all move together in times of liquidity panics. Thats why we must pay attention when we hear of certain market going wild in large percentage moves. FTT token may not matter to everyone, but it matters if it gives us an insight to market mechanics that affect everyone. Crypto liquidity panics will harm investor trust and sentiment. Losses...
The breakdown is recent and a longer-term continuation should be confirmed by an acceleration below the aforementioned descending supports. Notice I work with channel lines only. Questions are welcome.
Between the 2008 great financial housing crisis, the end of the dotcom bubble in the year 2000, the 1970s stagflation recession, and the great depression of 1929 all have one thing in common. The market retraced at least 50% from it's peak. I personally believe the US economy is in conditions for a recession that will at least sink 50% or more if we were to...
*** Not Financial Advice *** Gold has moved precipitously from our original entry point, and is giving a momentum entry area where we currently sit. Worst case scenario can be a breath back on a higher timeframe to 1780. But that would be a good thing as it will allow us to get in at a higher price to ride it down to 1600. The reaction we get at the next...
We made plenty of calls on why crypto should go down... from technical information to fundamental and they all agree, for now, that we are in a crypto blizzard and the "great crypto depression" At the time of recording this Bitcoin was still above the support level... but at the time of uploading and typing the message we have a breakout of the support level and...
This is the song that came in mind when I checked prices this morning: Lyrics The roof, the roof, the roof is on fire The roof, the roof, the roof is on fire The roof, the roof, the roof is on fire We don't need no water, let the motherfucker burn Burn motherfucker, burn Hello, my name is Jimmy Pop and I'm a dumb white guy I'm not old or new, but middle...
Spy is setting its self up for another sell off- I'm shorting down to 380.
MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. KNC looks ready for a retrace drop short trade and we in CryptoCheck intend to be prepared for it $$$$$$ Understanding market structure is very important to make money in the market DO NOT MISS...
Review of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns. Safe...
For everybody that wishes they bought Bitcoin at $30,000 when it was a $69,000 well now is your chance to get in at a super discount! Don't be that guy or gal wishing they bought Bitcoin when it was low and didn't take action. We're very oversold on the Relative Strength Index registering at 17. Since the 2020 global shutdowns from Covid-19 the RSI has registered...
See the video. No more hear on the video. I'll just share my opinions, which is not advice. The DJI proves me more wrong more times than I am right. So what? The issue is about limiting how wrong I am - not how many times I am wrong. New traders - and I was one - struggle to get that idea right. Why? Because in ordinary life one is praised for performance by...