privatedvlper

privatedvlper

Bitcoin has been consolidating at these levels since November 2023. 48000 - 49000 also happens to be previous resistance from March 2022, where the sellers came in and pushed the price down to 15000 by November 2022. With an oversold stock market, a retracement of the SP500 might offer a short term selling opportunity of 800 - 1000 Pips on BTCUSD.

privatedvlper

BTC recently tagged 48,000 for the first time since March 2022. The rejection at these levels, which also happens to be 61.8% of the entire downtrend from 69,000 to 15,000, is hardly a strong bearish signal in and of itself. A stronger signal would be a lengthy consolidation at these levels, preferably on the H4 TF. Additionally, Within this consolidation the...

privatedvlper

The long term US 30 YEAR and 10 YEAR bonds recently recently tagged 5.5% before falling to current levels of 4.1% and 3.9% respectively. Longer term falling bond yields generally point to a weak economic picture and therefore lower interest rates. Longer term higher bond yields generally point to a stronger economic outlook, and therefore higher interest rates, as...

privatedvlper

With a Stock market that is sending bearish signals, a rising DXY and a bearish Commodity market, all analysis point to a strong Dollar. A breakout on USDJPY above 153.00 will expose the pair to new highs. Wait for the retest for a better buying opportunity.

privatedvlper

BTC has been consolidating on the H4 TF for more than two weeks now. Price traded above the resistance @ 36500 for the first time in more than 15 months, in what appears to be a classic fakeout ( Bull - Trap). BTC will most likely bottom @ 5000 before the next halving in April 2024.

privatedvlper Updated 

Bitcoin has not closed above the lower high made on 2022 May/ June at 33000. This makes all the price action after that a long term consolidation. The market is therefore at a previous resistance, which also happens to be previous support from January 2022. I am anticipating a short term consolidation on H4 with several shooting star candles before selling BTCUSD.

privatedvlper Updated 

Bitcoin has been in a long term consolidation for the last 12 months. During this time, the Lower highs created have not closed above the previous lower high at the 33000 level. If price is rejected at 33000, BTC may make another lower low below 14000. Consequently, a close above 33000 may mean that BTC is now bullish. For now, we wait for more price action to...

privatedvlper Updated 

The last true and visible trend on Bitcoin was bearish. This was the downtrend from 48,000- 17,500, and the trend lasted from March to June 2022. Since then, Bitcoin has been consolidating, almost a year to date. Even after the collapse of FTX and several other exchanges last year, there was little reaction on the actual Bitcoin chart. It will take time for...

privatedvlper Updated 

When the FOMC met last month and maintained the Dollar interest rates at 5.25%, the US Long term and short term treasury Treasury bills/notes/yields have been showing bearish signs. Since the bond market is the largest of all, its fair to say that this is where trends are established, which cause a ripple effect across all other markets including stocks,...

privatedvlper Updated 

Recently, the DXY dropped to new lows ( 99.70). Currently the DXY is trading at 100.80, having risen more than 100 PIPS. Its not completely clear if we have bottomed on the DXY, but the chances are high. Both the DXY and USDCHF are sitting on a long term weekly/monthly support, which is a main contributing factor to the fact that we may have bottomed and the...

privatedvlper Updated 

The DXY recently broke the 106.00 resistance and made new highs on the current bullish trend @ 107.00, before retracing to retest the broken resistance. Last week's candle closed well above its opening, forming a bullish hammer candle. The next bull rum will see the DXY tag previous highs above 115.00.

privatedvlper Updated 

For the first time since June 2022 when BTC started consolidating, Price tagged new highs at 34800, which also happens to be previous support from January/February 2022. At the same time, the DXY is rising strongly after retesting the 105.50 zone, and its gaining momentum on the Monthly TF. Rejection of BTC at these levels means there is one more leg down to new...

privatedvlper Updated 

The price rejection at the 2070 triple top in May this year set the motion for the decline of Gold. As usual, during declines, there will always be retracements/uptrends deep in the trend. The last monthly candle was extremely bearish, and the current monthly candle is likely to close below its opening, leaving a deep upper wick to the upside, and forming a...

privatedvlper Updated 

USDCAD has been sitting on the marked support for some months now. The FOMC maintained the dollar interest rates at 5.25%. Although there was a strong consensus to keep hiking the rates in future, this was a huge sign that we may be nearing the end of the current economic cycle. When the FOMC started hiking the rates in March 2022, they raised the rates by 0.75%...

privatedvlper Updated 

Price has been in a long term consolidation for several months. Price is sitting on a long term support which was also resistance before. The DXY is slowly rising for the last two days, meaning the Dollar bulls are on the horizon.

privatedvlper Updated 

Only on the slow timeframes can you predict the direction of the Dollar with some degree of accuracy. The faster timeframes are so volatile and misleading. For several months, the DXY has been sitting on this monthly support which was previous support. Earlier this week, FOMC maintained the interest rate of the Dollar at 5.25% for the first time since March 2022....

privatedvlper Updated 

Looking at the slow TF, USDJPY is on an uptrend. Deep inside the Dominant trend, there is an opportunity to join the buyers on the faster TF. There is a high probability, based on DXY analysis, that USDJPY is headed to the October 2022 highs at 155.00.

privatedvlper Updated 

USDJPY is setting up for the final push to the October 2022 highs @ 153.00. Price is retesting the recently broken 145.00 resistance, the final buying opportunity into the dominant trend.