Chart-analysis
ETHUSD Analysis of the reasons for the price increase.It is safe to say that the cryptocurrency market was indirectly affected by Russia's special military operation against Ukraine. Since the start of the Russian-Ukrainian war, BTCUSD price has soared over $11,000 to approach the $45,000 resistance level again. Other cryptocurrencies have also made considerable gains, with ETHUSD price also rallying $700 and currently testing the market reaction around $3,000.
Two things worth noting: first, according to reports Ukraine is currently raising funds from the world via social media to resist the invasion, with cryptocurrency donations to the government exceeding $28 million so far; second, Russia is under economic sanctions and the country's financial institutions are banned from using the SWIFT international settlement system, that means it is difficult for the country's financial institutions to make cross-border fund transfers greatly affects the country's global money movement and trade conduct. We suspect that this is the reason for the recent resurgence of popularity in the cryptocurrency market.
BTCUSD AnalysisBitcoin has retreated again as the crisis intensifies and risk appetite declines.
Given the great uncertainty of risky assets, the market is still dominated by those who are reluctant to increase their holdings. This led to a lack of liquidity and a wave of selling.I see "decent resistance" at the $40,000-45,000 price level as the geopolitical crisis will prevent "significant gains" in risk assets.The gray area in the chart will be the price zone to which the price will potentially move.
TWTR Predictions"Twitter ( TWTR ) reiterated its 2023 revenue outlook of $7.5 billion" I have my doubts. While its financials look to be in line with expectations, the stock is down 53%. When the company gave an ambitious revenue vision, it was clear that investors weren't buying it, and the stock dropped one after another, and they have cast a critical vote. We have reason to believe that the stock will consolidate at the $25-48 price level for a long time.
SHIB - H4- time for Uptrend? I did TA on H4 chart at a very begging of November and I was a bit shocked and surprised with my outcome.
SHIB reversal at 0.00003181???
I can see that after last 2 months my TA still valid and seems steadily headed for 0.00003181 support level. It seems that only after reached 0.00003181 support level , we can aspect buy trend to start.
At the moment my TA performed very well and I do hope for reversal at any moment. Fingers crossed ( toes as well ;) )
Watch closely next few days or weeks, because it is very possible that we back in “game”!!!!
To The Moon??? Why not, TO THE MOON!!! ;)
I wish patience to all for an another week or two.
Like me or hate me, but please, don’t forget to share your insights, TA and comments!
I do wish a very successful trading in 2022 for everyone!!!
ETH UPDATE-H4- Support at 28k I did TA on H4 chart at a very begging of November and I was a bit shocked and surprised with my outcome.
I can see that after last 2 months my TA still valid and seems steadily heading for 28k major support level. It seems that only after reaching 28k support level , we can aspect trend reversal for a long term.
I wish patience to all for an another month or two.
Like me or hate me, but please, don’t forget to share your insights, TA and comments!
I do wish a very successful trading in 2022 for everyone!!!
BTC Update- 1D- TA - 35k support I did TA on H4 chart at a very begging of November and I was a bit shocked and surprised with my outcome.
BTC 1D chart added to show and support H4 chart TA.
I can see that after last 2 months my TA still valid and seems steadily heading for 35k support level. It seems that only after reaching 35k support level , we can aspect trend reversal for a long term.
I wish patience to all for an another month or two.
Like me or hate me, but please, don’t forget to share your insights, TA and comments!
I do wish a very successful trading in 2022 for everyone!!!
Check the XAUUSD charts daily to avoid lossesAs you can see, it's all real and valid. XAUUSD price is in a downtrend channel and can be expected to test the support level of $1830-1845. At the moment it's just a correction in price action and there is no signal to make us strongly bearish, so the opportunity to wait for entry is still there. Reducing losses will also help the level of trading to continue to improve, and risk management is particularly important.