Finally glosing that 4100 gap. And from there I expect a big take-profits wave - If we cross 4100 and detach from the fractal - I will need to redo an analysis based on fundamentals and upcoming news results (PCE inflation, CPI, FOMC, NFP). Cheers!
I'm a fan of curve channels just because they are clearer and they represent a more fluent trajectory of the price which makes more sense, than linear lines (Sentiment isn't linear, pa isn't linear , so channels shouldn't be aswell). And it still works - you can see on the monthly created a clear orange channel (curves are basically copy pasted from each other...
3 fractals agreeing on the movement - all of them show confluence at 13700 before going up to 22-25k. Final flush afterwards. Follow this idea and trade accordingly. Fractals source: Different Assets and BTC Timeframes.
As you see - my area hasn't been reached yet. I see whales are fomoing in, but I prefer to catch the bottom of this fall - expecting $14k before I put longs. Not expecting sub $10k as many out there - that won't happen this year, but first 14 and then maybe 12 is in the reach - will know more in December.
CPI results were better than predicted, but the pace at which it gets lower each month is just so small, that I still see nothing bullish. I would even say that this could give the FED more pros to rise rates even higher to get things done quicker than they are doing. 7.7% is still a big figure so I keep my bearish bias - based on SPX and VIX - I don't see DXY...
It went straight down as my arrow - We reached already halway there, although this consolidation and oversold indicator suggests we could try and grab quickly liquidity being held above 19k first. Possible squeeze 20-20.5 k before falling to 14-15. Watchout !
So it's been a long time since no drawing has been modified on this one - and it happened. Crypto was just acting like it wanted to breakout from stocks, but it quickly came back down - the hard way. Last time I posted when the breakout happened and commented, that I don't see it happening and it must be a fakeout - and so it was. Still more downside ahead.
So Total Market Cap is at ceiling with exhausted parameters and volatility has turned blue. In my indicator, volatility going blue means it has crossed back into an area of "beginning to get volatile". If that happens at highs - it means volatility kicks in to start going down. And that's what I expect.
BTC touched ceiling and now is losing again it - a touch of 19700 area should be the least we see here - question is if it will bounce from there or cross it. If it bounces - Expecting $22k-$23k. If not - next levels to watch are 18600 and 17700.
I'm just the messenger. SPX - orange Unemployment Rate - Blue Indicator - Moving Average out of Unemployment Rate This isn't a rule, as many sectors influence the market, but big crashes have been paired with a growing Unemployment rate. Here we can see that it bottomed and is consolidating - which proofs a strong economy and no need to crash - this suggests the...
It is scary how this is playing out - So far 1:1 and let's keep watching. Blow-off top or Blow-off bottom ?
Normally I don't post Altcoins ideas here, but Here is a special one. I think everything marked on the chart speaks for itself . Treat it as a hint, not financial advice.
Curve channels are dangerous - watchout ! You may hurt yourself ! But once you get to know them - You see they are even stronger indicators than trendlines. Can I go a bit poetic here and say that hOOmans aren't linear but are more fluid, curvy, complicated? Well, PA reflects sentiment, so all of this would make sense. Long story short - I expect marketcap to...
What a Surprise !! Not really. These kind of movements tend to do so. HTF looks pretty bearish for Bitcoin dominance, from a fundamental side it is possible to see retail and minor sharks going into alts in order to profit quickly which would drag the attention from BTC - But at some point it will spike when nobody's aware. So bearish for now but would have my...
So many signs to be bearish: -Daily exhausted -Broken ltf parabolic curve -3 bearish fractals (based on pa and sentiment) -huge pile of longs until $14k. Marked my area of interest and keeping that bias for now Until I see a clear reversal in stocks and crypto backend.
What a suprise ? We are possibly faking out a risk-on focus on the markets and we could see a downfall back to the descedning triangle - resulting in a bearish breakout afterwards. Not bullish until orange line is broken.
Just kidding. Or Am I? A picture is worth more than a 1000 words so I leave you with my chart - Nothing has changed - I expect a HTF consolidation withing a bullish flag/descending wedge - and more up in 2022/2023 LTF is bullish until reached top of wedge/flag. Cheers!
I'm not believing this run up, All is built up on rumours of a pivot that hasn't been even announced officially. Speculation at it's best, but it's gonna cost a lot of blood on the market. SPX had a good run, but a 75bps hike is coming and it's not gonna end well. Also SPX deviated from US100 - expecting a recalibration to happen. This week is going to be interesting.