many people still thinks we're in a V-Shape recovery , but it's a K-Shaped recovery in progress right now. which is one of last thing you want to see in a major economy. dumb money goes into many worthless tech companies and spike their market caps at unbeliavable levels. (just like before 2000 dotcom bust) on the otherside industrial sectors are not showing any...
Hello! Has been very interesting to watch how BTC performs now on All Time High. Here we have a nice setup. Ready for both moves up and down. Fear And Creed Index 95 and have been on or close to extreme creed for more like 1,5 month ;D. So we are going to see a drop. The question is. Is it in a week or after another month. Use caution! Bitcoin broke ATH...
balance takes time - follow drop and support levels for Sunday
We see that price has come back down to the 19.1386 support level. If price finds support and moves up we could see resistance at the 19.3352 level. If price breaks through this support and the next support is at 18.9059 level AND if price breaks through this level we could possibly see a big move to the downside.
In this analysis, based in our problems on the society, United Kingdom, Europe and United States on this week have bad news!!! Now, we see in H1 timefrmae at the moment, we could have a good signal to put in long position to buy Gold. There's a nice opportunity to invest in Gold!!! Maybe, Gold want to formed a shoulder head shoulder. That is a bearish pattern...
Big Tech has shown strength in a consolidation zone for a month. After taking pause along with its FAANGM buddies, MSFT may make a significant bullish move toward Election Day. The Bearishness of Election may be already priced in. Despite very negative headlines all month and especially the last two weeks, these folks are still unfaced!
Microsoft is hitting higher highs and trending upward. Even though we have an upward trend, we are due for a higher low. I predict this higher low will hit this week with a low of $208. I will be posting daily candle stick segments to link to this publication. With election uncertainty we can expect some market volatility and we should be expecting to see some...
Bitcoin might be forming a triangle or possible double top pattern, huge breakout is coming by early october. But since it is very correlated with the stock market, we have to monitor closely on both market structure to identify the breakout direction, if bitcoin breaks and close below the 20 Week MA (140 Days) then it very likely could fill the CME Gap at 9.6k or...
Here's what we know for BTC: There are some similarities between the charts in February, right before COVID, and the charts now. Last time we dropped this far below the 200MA on the 4hr chart was February 26th. On the highest volume during the drop we were about 275% above the volume average.. When we dropped below the 200 MA on September 3rd, volume was about...
Here's what we know: We got to the top of our regression channel and just like every other time sold off at the top. QQQ volume was up 199% vs 50 day volume average today, giving it the highest daily volume since March 23rd. We undercut the regression channel for the first time since April 6th even though we bounced back today's wick was the first wick below the...
Waiting to let the market decide on July's trend. Alts don't seem to care so much right now. I think the interest farming thing is leading the people holding through dips and probably buying more. Everyone's moving their BTC to wrapped BTC on the ETH blockchain. Seems to be increasing the M2 of BTC but since this is the first ever Defi cycle no one knows if...
With protests and covid fears taking place in both the United States and Australia, as well as the stock market connected to each currency plunging recently, we can lean more towards the side of a sell. We are seemingly in a state of consolidation right now but another retest of our 0.70000 James Bond Area doesn't seem too likely. Jobless rates in the US will stay...
Thank you for your Likes! Very Appreciated! Please give the chance to the community to see what you like by Sharing! ________________________________________________________ After a nice long fall, the price has stabilized and is following a very weak support line going in the upside. There is a support, illustrated by the blue line, that has been tested few...
Market remains uncertain, but take advantage on bearish ifyoucan I still recommend dont use stop loss position unless you are using your own bot that could change the position inmediatly if it detects changes on the market. Right now both proyections could happen and we need to keep analysing the data and changing the proyection every time we could. Regards and...
Before I go I am sharing how a look at the not too distant path can shine light on the question, Is it unthinkable that we might see an 80% drop from the June 19 13,880 high just as we did from the DEC 17 ATH ?
RBA interest rate decision remained unchanged (0.75%), while the market was pricing interest rate cut.. that's why AUD is bullish at the moment.. ..however global uncertainty around China might put another selling pressure on AUDUSD. Joining bears from 0.674-0.6779 price zone with 0.665 T/P provides decent R:R (at least 2.31). // Feel free to share your...
Hey there, So it seems like Bitcoin doesn't quite know what it wants to do. Retest swing high, break it, form rising wedges, break them to the upside, then downside... Nonetheless we have a bearish engulfing candle on the daily chart which is signaling strong bears for now. I will look for further downside if bears remain strong shortterm and keep price...
Global uncertainty around coronavirus puts USDJPY under selling pressure, which might continue.. Joining bears between 108.9-109.27 price zone with 108.1 T/P provides decent R:R (at least 2.16). // Feel free to share your opinion/position via comment and follow me to stay updated.