rgolshan

rgolshan

As seen, the 10-year just broke an RSI downtrend line. Remember that the mess we are all in began when the same bond reached the 3.5 area and looks like it is heading that way again.

rgolshan

Following my previous post, we can see that the trend was rejected. It is going to get ugly really soon.

rgolshan

What you see here is 4h-BTCUSD chart which does not depict a bright image for near future. To enter, wait for the white downtrend line be breached and retested. This could take a while. A golden cross will also be helpful.

rgolshan

The correction we have patiently been waiting for seems to be on the way. As the 1H BTCUSD chart suggests, negative divergence lines are witnessed for R% and RSI oscillators with the upward trends broken. Both values are in the over-sold areas, so there is only one way to go.

rgolshan

Bonds and crypto movements are known to be highly correlated. In fact, some like to refer to cryptos as digital bonds. Here I have compared US10Y (candles) with BTCUSD (rescaled and white line) on the daily chart. Do I need to say anything extra? The US10Y is about to have a MA50 and MA100 golden cross and the MACD line has recently turned positive. The consensus...

rgolshan

The daily MACD just manifested a Dead-cross. Comparing it to last time, as highlighted in the picture, the price can revert to MA100 or MA50. A target price of 1.5$ does not seem to be out of reach.

rgolshan

Here I have a 4h chart of Bitcoin Dominance. The value is near ATL and a significant down-trend is broken and about to reverse. If you are thinking of buying discounted ALGO, SOlONA, or ADA, think again! This implies that either BTCUSD itself is about to explode, or a deeper correction is on the horizon.

rgolshan

Market Makers are in full control and the price is very close to a key resistance (44k). Stay out for your own safety until more clarity regarding the direction of the market emerges.

rgolshan

This cross, in the best case scenario, will keep us consolidating for a while; at its worst, it will cause the further testing of MA200 on the daily or MA50 on the weekly. There however is the prospect of a golden cross of MA 50 and 200 on the daily frame which can improve the situation. Given today's dead cross on the lower time frame, the chance of that MA cross...

rgolshan

Be mindful of a MA50 and MA100 dead-cross on 4h frame. If somehow the MA50 bounces of MA100 and the dead-cross is averted, open long on alts. If the cross happens, short alts such as ALGO or SOL.

rgolshan

The four-hour uptrend is now broken and is about to be rejected. The volume is very low that is a sign of an imminent down move. Divergences on MACD and RSI are clear. Stay away until a) trend is reclaimed and b) the divergence lines are broken and breached.

rgolshan

The weekend is upon us and Bitcoin is losing momentum. Looks like a little setback is on the menu.