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.
With less than 100 days remaining until the next halving, BTC has followed the projected trajectory. Given the buzz surrounding ETFs and the current market conditions, a pullback seems probable. The initial support rests at 36k, with the subsequent support at 32k. The initial support will probably uphold the price, so I'd suggest a 65/35 liquidity split between...
Several iterations of pullbacks, higher lows recently, going to bolt soon I think
Another one where it looks a decent pullback made look slightly ugly due to crypto dump yesterday, taking an initial position now and will keep an eye for adding more later
DECK bounce perfectly off the 50 EMA and is working on closing a bullish engulfing candle on the daily. Amazing recovery after an ugly Friday close.
GOOGL has been riding the 50 EMA on the daily for quite some time. After the late October shakeout down to the 200 EMA, GOOGL has looked very strong and been trending upwards in this accumulation zone. A clean break above $141 should send this to test the high at $150 and beyond.
ARKK found support last week around the $48.50 area, and is currently surfing the 200 EMA on the 65min chart. Two open gaps to the upside leave this with plenty of room to run back up to the local high from late December.
TSLA breakout failed to end the year but is now currently backtesting the trendline. It's been surfing the 200 EMA, and If that holds, this seems like a great risk reward spot to go long. A red to green open would provide a great entry. 5 straight days down and then a doji candle smells like a possible reversal as well. Initial Targets $250 $265
I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI....
The pair is heading to high resistance zone. It needs more consolidation to break it through. I think is goin to try a few times but it will end up pulling back to the blue line. I'll wait for some price action before open a short position. I'm keeping my eye on this one. Check out my related post about the dollar index lines below.
On week chart DYDX has grown through 1 year and reached to 4,363 on Nov 2023 Now, DYDX is pulling back to lower to accumulate awhile before going up My view for this bullish around 6,3 that's #SupplyZone DYDX has #Support around 2,17 this zone is #Apex between two trend lines Time will tell
Since September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market. While the long-term...
Traders, As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break...
So far gold dropped nearly 8% from the new ATH without any significant pullback, bringing a lot of money to market makers, who created the fake move. At some point a pullback should happen, but it's hard to tell when. The first structure support at 2000 was already violated today and we reached to 50% retracement within a really short period of time considering...