Weekly chart of US 100 index is suggesting that the possibility of a crash in US stock market is rather high!
In fact the index is already in the heavy resistance zone of 19,000 - 20,400 and bearish divergence can be seen (both mid-term and long-term)
While the index is inside the resistance zone, breaking below the blue trendline is the confirmation for the...
BTC dominance chart in Monthly timeframe suggests that it's possibly moving towards higher zones most importantly 65% - 67% zone!
if the Sep and Oct monthly candles close above the trendline and 59% level, it's highly possible that 65% - 67% zone is the next target area which will probably be touched in Q2 or Q3 2025.
This possible rise in BTC dominance means...
4H candle is closed very bullish!
The next important levels for BTC: 56,900 and 59,900
If we see bearish signs up there, we prepare for Sell/Short positions.
#TOTAL3 followed previous analysis and started to drop from the vicinity of the 630B zone and crossed below the support zone of 565B - 580B .
520B area was a demand zone which was touched on Friday. it seems TOTAL3 is heading for a retest of the broken zone of 565B - 580B meaning that altcoins are going to have some upward move during the upcoming week.
Unfortunately, despite having a bullish divergence in 4H timeframe and reaching the support zone of 54,600 - 56,100, #BTC didn't show the small pump that was expected! there's probably an underlying reason for this that we don't know yet but maybe something is going to take place in the coming days!
Anyways, since the bullish divergence didn't work and BTC...
#NOT Looks very promising indeed but there's the possible risk regarding Durov's case in France so one needs to mind the risk regarding opening a position
Entry zone: 0.0073 - 0.0078
TPs:
0.00829 - 0.00897 - 0.00953 - 0.01010
Stoploss: 0.00725
#BTC followed previous analysis and dropped to 55,600 level but since the downward momentum has been weak and the previous 4H candle was a bullish engulfing of 57,130 low, BTC is most probably heading for 59,900 and then 61,100 zones so opening short positions is very risky.
it's important to see BTC's reaction to 61,100 level as well !
Quick update on #BTC CME Futures chart
The Tuesday (Aug 27) gap in CME Futures chart has just got filled and BTC faced sell pressure afterwards. As just stated before, BTC and the whole market are most probably heading for much lower levels.
Just as predicted and anticipated the 64,650 - 65,680 zone stopped #BTC from rising any further and caused a dump in BTC and the whole market.
Now it appears BTC is ready to dump to lower levels and this time it'll probably break below the 49,500 low.
After Powell's speech regarding a rate cut in September the whole market showed a positive reaction and #TOTAL3 was able to push above the resistance zone. (In fact there was no close below the 546B key level as the confirmation for the bearish move!)
Current analysis shows that 630B zone a possible resistance zone which can dump the market so naturally it's...
Following previous analysis regarding BTC's trading range and after Powell's Jackson Hole speech #BTC pushed through 61,800 level and the supply zone in one bullish 4H candle which resulted in some heavy pumps in altcoins.
As just mentioned on Aug 25th, 64,650 - 65,680 zone is an important zone which has already stopped BTC from rising any further.
BTC is...
Crossing Below the blue trendline will most probably take SNX to much lower levels. (Possible rising wedge pattern)
TPs: 1.225 - 1.138 - 1.070 - 1.0 - 0.93
Don't use high leverage and set SL just above the blue trendline.
in the previous analysis it was stated that 565B is an important level and losing this level can lead to touching much lower levels, something that actually took place and #TOTAL3 touched 470B as well !
The recent choppy upward move in #BTC and the rest of the market was most probably a retest of the broken key levels and we can see that just like BTC's case,...
just as expected, #BTC moved to fill the gap area but the upward move was a bit sharp so shorting BTC or other coins can be a bit risky now. if fact as long as the Blue trendline isn't broken, the upward move can continue.
As mentioned earlier the gap area is now a resistance zone. Also there's a supply zone just above the gap area and is overlapping with the...
Just as what was predicted, BTC moved to fill the gap area in 59,400 - 62,400 one. in the upcoming days we need to observe BTC's reaction to this gap area.
