Ethereum -> The Support Will HoldHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Ethereum retested once again a very strong previous weekly resistance area and is currently again rejecting this zone towards the downside.
However also just recently we had a bullish ema crossover and are now starting to create weekly bullish market structure, so I am now just waiting for a retest of the previous weekly support zone and then the next impulse towards the upside.
On the daily timeframe market structure is currently bearish, so everything is pointing towards another retest of the $1500 area from which I then also do expect the next daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Economic Cycles
BTC.D SECRET: 1 StepAhead on ALTS & BTCHi Traders, Investors and Speculators of the Charts 📈📉
In my previous analysis on BTC , I made an update for the near term based on a fractal from 2018. Incase you missed it, here it is:
Today's analysis is a bit more technical, in a 4min video I discuss the relationship observable on the charts between Bitcoin and Altseason. Pulled up on the bottom left is Bitcoin Dominance, BTC.D which gives an indication of where the most money is going (BTC or Alts). Pulled up in the bottom right is the Bitcoin Shorts (BTCUSDSHORTS). By using this chart with BTCUSDT, it can be helpful to identify when the market is considered overbought or oversold, in other words to observe the general market sentiment.
These three charts together give away hidden information about where the price of BTC could be going next.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSD continuationThis is an update of my previous view on BTCUSD. Price is still consolidating around the current high, which makes me believe the BTCUSD started accumulating orders already for the next impulse. I tend to believe that price can drop a bit from here, in order to liquidate some minor points so that there will be more liquidity left to the upside after.
EVERYTHING is going down next week! (not click bait) Multiple stock markets around the globe, as well as different asset classes, such as bitcoin, gold, & oil have their cycles converging. This is indicating that the past week that went by was a major top and a big fall is coming very soon (within 1-2 weeks).
MARKETS: DebtCeiling 2013& What FollowsHi Traders, Investors and Speculators of the Charts 📈📉
I am passionate about economics and history. Together, these two can tell a compelling story of ow interlinked everything is, and give a glimpse into the future should certain events repeat itself.
That is the core of my argument today as we look at the previous time he US Government hit a debt ceiling, and what happened after.
It would be great if you could watch the video , but if you can't spare 10min here's the summary:
📈 VTI : Vanguard Total Stock Market ETF
I love using the VTI as a general overview of the trend on stocks. You could also use the S&P, it's just a personal preference considering they have interest and hold 50% plus shares of nearly EVERYTHING.
The VTI mostly consolidates and sees some downward price action for three years after USA announces debt crisis. VTI recovers in Jan 2016, three years later.
In other words, in the stock market you may see some down, some up. A near equal amount of buyers and sellers to balance out the total environment. China50 seems to be a precursor of what is about to happen on VTI.
📉 Look for buy opportunities during this time, prepare to hold long term.
📈 GOLD
Gold starts declining before the debt crisis is officially announced. A multiyear bear market follows, one of the worst. Continues up until 2016.
📉 Seems like a good idea to take note of the above and get out of gold, enter again during new lows
📈 BTCUSD / Crypto
We didn't have an overwhelming amount of alts during that time, so only the Bitcoin USD chart can give an idea of what may happen to crypto after a debt ceiling is announced. Interesting to note that BTC rallies almost parabolically and reaches it's first ATH. Then, at the same time the debt crisis is announced. Bitcoin continues into a multi year bear market, only to recover in Jan 2016.
📉 Do I really need to share my unpopular opinion here ... It all depends on how much you believe in history repeating itself.
📈 USOIL / OIL Industry
The oil industry sees the second worst bear market yet, only recovers in Jan 2016 but does not make a higher high until 2020.
📉 Oil saw a sharp v Shape recovery after the announcement of Covid. Oil is still in higher demand than usual considering scarcities so I believe there is another push upwards towards the 3.618 Fibonacci Extension, also the next immediate resistance zone around 200.
📈 EURUSD / strength of the Euro
The announcement of the 2013 debt ceiling sends the Euro into a bear trend against the dollar, bottoming out at 0.76 three years later, again only in 2016.
📉 Euro recently saw a strong V Shaped recovery, but considering the next point you may want to rethink holding Euros:
📈 DXY / Dollar Strength Index
In comparison by percentage, the DXY surpasses every other market. The DXY increases nearly parabolically over this period of time all the way until November 2016. Which naturally ames sense because when there is talks of an economic crises, people tend to sell their assets for CASH which would explain why markets dropped but DXY increases due to higher demand.
📉 Dollars gain against all in Forex markets.
Here's more info on the debt ceiling and what happens if a country defaults:
What are your thoughts on this?
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTC 3DAY BOTTOM THEORYHere I outline my Bitcoin bottom theory, using the 3day chart and the 300ma and 300ema.
When 300ema crosses bearish over 300ma we see consolidation below (bottom), and once the 300ema crosses bullish over the 300ma, we see clear start to next BULL cycle.
What's to come next this cycle? Drop comments below! Thanks for watching and thanks for your time! Please like and follow for more ideas.
Is the Recession Already Priced in?Hi everyone! 👋
Here’s my video reply to one of the questions asked in my prior video. I wanted to reply to everyone who asked questions, but my video ran way too long. TradingView has a time limit for videos.
In this video, I answer the question that @Alt-B asked: How much of the coming recession has the market already priced in?
I also show the Mortgage Rate Premium chart. This chart shows how much higher the average 30-year U.S. mortgage rate is than the 30-year U.S. Treasury bond. By comparing mortgage rates to the risk-free rate, we get an idea of how much risk the market is placing on mortgages being issued today. The premium is the highest ever, looking back about 35 years -- even higher now than during the subprime mortgage crisis.
I hope you enjoy this video. Feel free to leave a comment below with your own thoughts about the current market. Also, feel free to ask any questions that you’d like me to answer in a future video. I will try my best to answer as many questions as I can.
Finally, if you enjoy my videos and want to get updates, be sure to follow my ideas, (I will post reply videos as an update to prior videos).
Thank you for your time in watching!
Here's Why We're Probably Already in a RecessionHi everyone! 👋
This is my first ever video on TradingView . In this video, I explain how a deep dive into the continuing U.S. jobless claims (USCJC) could reveal that a recession is actually already underway.
Later in the video, I explain my thoughts about the future direction of the market and why I believe we're entering into a period of stagflation .
In this video, I also explain how you can use several tools on TradingView including the Polyline tool, and the Export Data tool (which is accessible by Pro+ and Premium subscribers).
Let me know if you find this video to be helpful! Leave a comment below with ideas about what you'd like me to discuss in the future!