BRIEFING Week #44 : Dominance in SPX & CryptoHere's your weekly update ! Brought to you each weekend with years of track-record history..
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D-ETH
BRIEFING Week #43 : Don't get caught by the VolatilityHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #42 : Market Breadth & WyckoffHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #39 : Something is Brewing, be Cautious !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Crypto - Key Breakout LevelSorry about the mic fuzz at the beginning.
Leave your questions & thoughts in the comments.
To sum up:
Bulls to regain control until the start-mid November at 30k levels
Bears to very quickly take over at those levels
This aligns with analysts' timing predictions of a heavy recession start.
Considering DXY likely not being stationary, 30k is a rough estimation
This aligns with analysts' timing predictions of a heavy recession start in end of 2023 or early 2024.
Plan Ahead: SETUPS for ETH, LTC and DISHi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and it can be hard to spot good trading opportunities during bloodbaths. However, that doesn't mean that you can't still find good trading opportunities.
Some of the setups in the video might come sooner than others; because crypto is more volatile than stocks I always expect crypto to move first, or with more extreme movements than stocks.
A few more high-reward low-risk setups here:💥
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BRIEFING Week #38 : ECB done, FED incoming !Here's your weekly update ! Brought to you each weekend with years of track-record history..
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ETHUSD: Support bounce to start a new move higher? Today's focus: ETHUSD
Pattern – Divergence, demand bounce.
Support – 1538
Resistance – 1647
Thanks for checking out today’s update. Today, we have run over ETHUSD, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
ETHUSD continues to build after sellers look to have formed a washout bar retesting support and demand seen at 1538. Since that test, we have seen buyers quickly jump back into the market, lifting price back up to resistance. We also can see divergence forming supporting the buying, but the pattern is not a classic example but still worth noting.
If we continue to follow a bullish line, we want to see buyers break resistance and test the main trendline. If we see a reaction lower, it is fine for it to move back into the previous resistance as long as we see a new higher low with firm buying. A move back to support is a worry, and a break of that level could set off a new push back down to 1422.
Have a great day and good trading.
BRIEFING Week #37 : Don't try to Time InvestmentsHere's your weekly update ! Brought to you each weekend with years of track-record history..
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BRIEFING Week #36 : Let's see the summer DashboardHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Tuesday, August 22 Market Update - BTC, ETH, DXY, SPX, NQGeneral Market update focusing on Bitcoin.
Bitcoin breakdown is still not being supported with significant spot buying as the March dump was, overall volume is low. ETH looks much worse however has the ability to gain some local levels and move higher. Both BTC and ETH are ranging and building liquidity.
The SP500 and the Nasdaq are still rallying and have the ability to regain significant levels, however, higher timeframe they are both overdue for a retracement. Locally they are having an upside bounce but generally and higher timeframe they are still having a retracement.
The Dollar Currency Index is still strong continuing it's rally from mid July. the DXY is generally looked at as having inverse correlation to TradFi and Crypto with both experiencing highs as DXY made its mid July lows. The DXY is currently at resistance from the Yearly Open and any gain of that could indicate further downside.
BRIEFING Week #34 : Volatility has showed up ! Next ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Powerful Sell Alerts on BTC/ETH/SPY ! Buy alerts on USD and % !Have to be extremely careful of alt bags if BTC and Eth are as bearish as they are
BTC is the sun to the space and when it falls hard the rest will follow harder. This means that we can lose 20% - 50% - 80% value in alts fast esp the low cap high risk alts.
These alerts can quickly change and new data needs to be reacted upon so have to stay up to date
This can mean that current candle printing may print and unprint esp on timeframes such as the monthly when its only half way thru the month.. all we have to go off is the current data and currently that is looking bearish for btc/eth/spy and bullish for usd/yields.'
If btc is the sun of the crypto space then US gov yields are the sun to the finance space
With the USD and Yields close to breaking out then this is another sign of weariness to risk positions esp low cap altcoins as a the height of risky positions.
Admiral Ackbar told me its a trap look
These breakouts in DXY and Yields can be a trap in which price goes just above piercing resistance only to fail.. and failed moves move fast. That would be a trap but it is speculation until more confirmed data comes in.
Follow and click the link in tradingview to keep up to date with the data
Cheers !
ETH - Top Down Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #ETH.
Which scenario do you think is more likely to happen? and Why?
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
What does Paypal USD mean for Eth ? Will we have a McDollar ??Paypal launches PYUSD
This does not mean it will get adoption just because Paypal wants it to. There may be regulatory hurdles incoming just as we saw with Libra and Diem for FB // Meta. This is now a clear trend though where larger traditional companies are seeing the immense upside in their own stablecoin products. I dont think this trend is going to die out.
Where does it go ?
I think this is leading to a McDollar. Just as Big Mac index is a good rule of thumb for judging currencies.. a McDollar is a good option for currency itself. Goods or services in demand can be digitalised into currency on the back of the traditional product. This is great for provider and customer both. Prosperity is about speed. From the wheel to the sail to the car to the internet. Moving things (people//stuff) faster is compounding the human ability to create more together. Prosperity.
Can Eth handle it ?
I believe so. There are many "eth killers" now and there'll likely be more popping up esp by more traditional outfits. At this stage though what Ethereum has done to compete well against crypto competitors is add layers with utility related to their core layer flaws. Rollup technology allows Eth to outsource the heavy lifting of smaller transactions. Rather than individual $3 nfts clogging the network one by one we are likely to see places like Paypal use rollup technology to bundle microtransactions and send them thru the network that way. This will reduce costs involved and increase time to settle for everyone.
BRIEFING Week #32 : Crypto Squeeze in PreparationHere's your weekly update ! Brought to you each weekend with years of track-record history..
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