Higherlow
$BTC Needs ATH for Weekly Bull Momentum to Continue $BTC bulls will look to keep the higher highs and higher lows pattern coming into this week.
We'll need an ATH to keep the bull momentum in the long term.
Feels like heavy price suppression as close to 60k as the bulls can get. 58k support has moved up to 59k-60k recently which bodes well for another leg up.
Let's see if we can get enough volume to confidently break the current ATH.
J.Crypto
CHFJPY Higher Lows On The Weekly Chart | Watch Level 118.180Watch for a breakout at 118.180. Look for buying opportunities above 118.180. You will see higher lows pushing into horizontal resistance line. The Exponential Moving Averages are pointing up on the Monthly Chart, Weekly Chart, Daily Chart, and 4H Chart.
First Higher Low on the Daily time frame ?!🤨The Bitcoin showing the first time possible Higher Low in the Daily time frame.
Also failed to break the 60K resistance 5 times !
Technically after a long Bullish trend it could be a sign of Bearish regulation .
Fundamentals :
Although of supporting and accepting by the big guys ! ( Elon Musk , JP Morgan Chase ) , but the price may need a short regulation before break up the 60K resistance.
Gold might soon shine againGold had a downturn at 19,19% and stayed in correction sentiment, but were close to bear sentiment (20%+ fall in price from the top) .
Around price 1676$ it saw massive technical support. The technical support where in these 3 types:
- Trendline from previous lows.
- Fibonacci 0,618 based on lows from March 2020.
- Bollingerbands 1000,3 based on 4-hour chart.
After touching these 3 types og technical support, it had a small bounce back to around price 1750$. After that i felt, but this time i made a higher low with around 5$, even considering that the dollar-index rose around 1% during that same period. This priceaction made the pattern of a double-bottom as well.
I think this is a long-term view bottom, based on the technical analasis, but also on the fact that the Dow:Gold ratio at the time is 19,16 (33153$/1730$) and everything over 15 is considered as a buy oppotunity in gold.
How much it think will rise, is hard to say, but my first target would the previous high (2074$) and the second target would be around the 1,618 fibonacci expansion (2320$).
My stoploss would at the price 1670$ as a speculator, but as a long term investor in physically gold, it would be at the price of 1000$.
Disclaimer: This should not be seen as investment advise, i don't take responsibility of any other persons actions, the thing i post i just my personal ideas and should not be seen as anything else, i am not a professional investor, and do not offer investment advises.
$BTC Bulls Hanging On... Cautiously Optimistic I actually don't hate this latest dip for a few reasons.
1. Bulls can create a higher low on the daily chart in attempts to regain control.
2. Allowed RSI to cool off on some of the lower time frames, and in a solid range on daily and weekly charts.
3. Bulls are still in full control of the weekly chart.
It doesn't feel like there is enough bullish volume to break ATH's, which is what the bulls will eventually have to do to create HH's and HL's. So I think we trade sideways as we did in the higher 50's for a bit to allow the bulls to consoldiate. We've seen some MAJOR moves to cold storage so far in 2021. Stay positive my friends.
J.Crypto
DigiByte on the move...With 5 consistent higher lowes, DigiByte has developed a new trend line. The new trend line far outpaces the old one and may set DGB into a parabolic motion. With capital flowing out of BTC and into altcoins, DGB may be a top choice. There is no known resistance in between where DGB currently is $0.066 and the last high which was $0.088, and beyond that, we had ATH somewhere just under $0.14. Massive improvements and social momentum have transformed DGB since then, so on a fundamental playing field there is no reason as to why the last ATH would have any effect whatsoever on the rising value of DGB. DGB is known as "The Sleeping Giant" in the crypto world, and often puzzles people as to why the value has yet to be discovered.
LONG POSITION EUR/USDHigher timeframe signalling uptrend pattern. HH and HL formed, however price failed to break previous HH and formed LH instead signifying a change in direction of market. Expecting price to hit around 1.204 and to form another LH and then continue to push downwards after. 1:5 RR
$ORN: More consolidation ahead? Orion protocol has been on a tear since we started talking about it a few weeks ago. It's been nailing our targets.
This post is to point out that I noticed a nice fractal that looks like it could play out if we consolidate downwards for the next few days while coiling for an explosive move up! I think the public mainnet launch will be a massive catalyst for some big moves for $ORN
Daily Ichimoku Support In-Play For BitcoinThe standard ichimoku cloud's kijun line (referred to as Base line in the indicator settings) is the mid-point of the high and low price over the last 26 periods.
I use Carpenoctom's modified ichimoku cloud inputs for cryptocurrencies since it is a 24/7 traded asset. The kijun shown here uses 60 periods instead of 26.
Carpenoctom has created a video series highlighting the ichimoku cloud settings in crypto, and I plan to create an update to this series over the weekend.
Helium bulls trying to confirm a daily trend change on BTC pairHelium bulls are watching this daily chart, aiming to confirm a daily trend change on the BTC pairing.
EUR/NZD down trend now LH and is going to drop to LLHi traders,
as we look at EUR/NZD, It is in an down trend and is still going down.
After the EU market opened EUR/NZD broke a bit above the trend line this is normal and prob go down, because it is in an down trend right now.
If you take the trade good you will have a 1/5 rr ratio. Still be careful I'm not responsible for your trades.
Semfttrading