StocsAndCripto

StocsAndCripto

Along with crypto, the S&P 500 has also seen some gains, together with a structure break from the bottom, which BTC hasn’t marked. The index is now trading at its June range, without intention to go back below $400 for now… I’ve plotted on the chart a few things that have defined price action in the last months, but my general bias is that there has been quite a...

StocsAndCripto

As I said in my previous Weekly Review, I thought price should break out from this tight range, but it hasn’t. Now it’s time for some changes in my analysis, as Bitcoin has lost pretty much all of its momentum. I want to make clear that, despite of price barely moving, there is a trend. It’s small, but it exists. Since the start of the week we’ve seen lower highs...

StocsAndCripto

Price action hasn’t been really interesting this week, and my hope for a retrace to $26k didn’t play out, although we have consolidated as I said in my last Weekly Review. As I just said, there isn’t pretty much to say about what happened this last week, so I’ll go straight into next week’s predictions. Firstly, I do expect next week to be, at least, a bit more...

StocsAndCripto

I want this to be a post that I will reference in the future, so take into account what I’m going to say today. Briefly, I want to set some bearish market bottoms (you probably already heard of these levels, so probably it’s just another confirmation). In the case that we don’t close this monthly candle above $35k (which I see unlikely), price will probably move...

StocsAndCripto

I have chosen to delay the post (again) to Monday in order to have a clear view of how price is moving in this new week. Firstly, I want to mention that all my bullish scenarios got obviously invalidated, so this is the best time to start from scratch. Bitcoin has retested levels that I personally wasn’t really thinking it was going to touch. There was a fairly...

StocsAndCripto

It’s been a while since I wrote my last Traditional Markets Saturdays, mentioning how the SPY would see a retrace from that $460 level, succeeded by a run which didn’t happen. So, now the index is trading below $400 for the first time since early April of last year. It’s also down 20% from the all-time high. Taking a look at the volume profile ranges since the...

StocsAndCripto

You may have often seen us mention the U.S. Dollar Currency Index (DXY), as it has significant negative correlation to Bitcoin (BTC). Meaning typically when DXY is up, BTC is down, and vice versa. Over the past month, the DXY has broken out from its resistance and made highs not seen in twenty years. The DXY is a measure of US Dollar strength against a basket of...

StocsAndCripto

I’m going to profit off of the fact that next Tuesday (May 3rd) the Federal Open Market Committee (FOMC) main meeting will take place to backtest how this event affects the markets (focusing on Bitcoin but in the end all the markets are connected). Firstly, I’m going to talk about what I expect Jerome Powell to say in the upcoming meeting, and then I’ll explain...

StocsAndCripto

Since my last Weekly Review much action has happened, as Bitcoin started to trade again below $40k. This has been a surprise for me, as I thought there were enough levels to reject before going below. But none got properly respected. What I might focus on now is trying to get some reasonable bearish targets as we don’t see any strength signs yet. Firstly, I want...

StocsAndCripto

As Bitcoin approaches the $40k level, I want to note that the last months can’t be considered as a consolidation anymore, but as a slow uptrend. In early February we saw a break of the downtrend market structure (we set a higher high). Consecutively we rejected from demand zones 2 times (and a third time now). These are all the characteristics of an uptrend. For...

StocsAndCripto

The ETHBTC chart has been on an uptrend since mid March, when we traded around 0.065 (BTC). To add to this, at the start of this month it started making some bigger impulses and retraces, movements on which I’m focusing on in this article. I want to mention that we’ve been holding pretty well on these retraces, and that the market structure is still bullish. You...

StocsAndCripto

So we got the pullback that I was writing about in my last Weekly Review. But now, what’s the next move? Are we going lower? Are we going to $50k? Bitcoin may definitely continue to move towards the $50-60k level as I’ve approached in HTF Tuesdays in the upcoming months, but doesn’t it make sense to go first below $40k? Well for me it doesn’t. Briefly, this is...

StocsAndCripto

I’m coming up with a Bitcoin dominance analysis, as I have never shared one here. Before I say anything, I’m not really into altcoins (if we don’t count Ethereum), but I’ve seen some of them pop off, like Solana or Terra, which have been outperforming both BTC and ETH. This is the reason I think I have to show a broad analysis on the Bitcoin dominance before...

StocsAndCripto Updated 

Firstly, I want to say I'm sorry because I didn't announce I was going to take a break from posting this week. But I'm back. Bitcoin broke the $46.2k nPoC (check previous Weekly Review post) right after I published my thoughts, and ww rallied until $48k. After that, we started to see a pullback to around $44k, which got bought up. The main thing I see on this...

StocsAndCripto

Bitcoin. Crypto bull market. I think I've said these words pretty much lately, especially since many different approaches (especially on-chain, where I've shown my most biased analysis) have been making confluence on the same bullish direction. And the time has come. We have finally broken the structure by going closing the daily, as well as the weekly, above...

StocsAndCripto Updated 

As I mentioned in the previous Weekly Review post, Bitcoin set a low at above 37.3k$ and then closed an hourly candle at 40.7k$ this Monday, that got sold out immediately. After that we started rallying and consolidating the level that we rejected not much before. Then we started an uptrend that brought BTC to 42.4k$. What I think for the upcoming week is that...

StocsAndCripto Updated 

The SPY is getting closer to all-time highs. Today I'm going to update my technical analysis on the index as I think that the fear has slowed down. The Ukraine conflict has been getting less attention generally and the uncertainty that the last FOMC could've caused did turn into a relief sign. First, I don't want to say that my opinion has changed drastically,...

StocsAndCripto

There's not much to say about this week: we've been continuing the trend that we already started last week. So far Bitcoin has reached $45k, the target that I set in the my last Weekly Review. Next week could be slightly different as BTC gets closer and closer to high timeframe resistances. My outlook is that we might touch the $46.4k resistance (nPoC) and...