As expected, gold futures were pretty much flat before the expiry of the March 24 option series, with the only notable exception being a spike in volatility after the Fed news. And what's going on in the options market right now? At the moment, there aren't really any interesting portfolios that show signs of insider trading in the option market. Yes,...
Every day, we are seeing higher volumes in options, with predominantly bullish option portfolios targeting the 4.05-4.1 range. Graphically, after the data release, there is consolidation under the resistance level, which reinforces the possibility of an upcoming upside shot.
Though $ADA performed very well during the last bull run, it lost 91% of its value and is still trading below its Daily MA 200. However, $ADA price is setting up nicely here. So let's surf the chart for what to expect in the near term, Right now, it is trading below the immediate resistance at $0.38 while the key resistance lies on $0.42 - $0.43. Looking at the...
Sol has been the least interesting chart for almost 2 months. After losing the support at $26 and the nasty capitulation in response to FTX collapse, it goes as low as $8 where accumulation takes place. Now It is trading just below $26, its 5 months support now turned resistance. Once broken, could be a bullish breakout, so let's surf the chart. Crypto market...
Bitcoin rallied and found an immediate resistance at $21.3K. Now trading within the 5 month range at $18K to $25K which validates the cycle lows at 60 weeks from the highs. So is it UP from here? Definitely not. Still downtrend on Macro. But this range is very significant in my opinion to look for signs of strength and of possible reversal of a trend. So let's...
Almost 3 weeks since the last post, Bitcoin price remain around the mid-range at sub $16k since a major rejection at $18k level. No rally, no swing lows but went below $16.8k as expected then move sideways for weeks testing an immediate resistance at $16.9k which is an important key level in my opinion (price and time wise) considering it's a final week to cycle...
Here's the full chart from last post to see big picture...Refer to link at related ideas below for full analysis.:) Thank you!
HELLO all, in my last post, I discussed my view on Bitcoin at a macro level and pointed out based on its history that the usual 4 Year Cycle Low is forming around 52 weeks from the highs followed by 8 weeks of accumulation period. I mentioned about time here, not to exactly predict but to guide us on our analysis and what to expect considering both time and price...
Hey everyone! I can`t keep thanking enough to everyone who supports the DataMoney community and wants more interactions and more posts! Sometimes taking some time off is inevitable and within a month posts should be more frequent. Alternatively, everyone is welcome to support DataMoney on Patreon - that would allow us to grow our community faster and incentivize...
Hello everyone! The early access DataMoney community already know that good old Mr. DataMoney is taking some time off. Sometimes life happens and we need our time off. That being said - I am flattered, shocked and honoured by everyone writing to me. It is great to read your messages and see that soo many of you love this content and genuinely missed me. Thanks...
Happy Easter for those who celebrate and happy (long?) weekend for those who don`t! ☀😎🕊 🥚🐣🐇 Many of you noticed that I did not post for a while. Thanks for your messages! There are a few reasons for that: Life, Work, Easter and JetLag 😅 Trading, data analytics and all of that good jazz is great fun. I absolutely love what we have managed to achieve at the...
Today is the last day of March and potential ATH for BTC ( and maybe ETH? ). What can we expect? Let's take a look at the big picture! This week started with a V-shape price recovery. Many sources said that this price action lacks reason/merit and is unsustainable, but we all know that markets can remain irrational longer than any one person can remain solvent...
A moment of tribute. I would like to thank all of DataMoney fans and followers, without your interest and support this would not be possible. DataMoney now has over 540 fans and followers, our community growing strong. Thank you! 🏆 A quick overview of the market - Half of the week, the 22-24 of March, continued with way prolonged H&S pattern and had a sharp...
Happy Friday! 🥳 I am sure all of you are excited to see what this first quarterly futures expiration will bring to the market 😁 Yesterday was an intense power struggle between hypesters and market news rendering all technical analysis useless. BTC showed up strong to lead the fight and had a massive dump handed to it. Overall alt-coins were performing better than...
Here comes another ETH TA! 🥳 Yesterday was AMAZING. For the first time in about 2 weeks volatility jumped and people who follow my TA's made a nice profit! Thanks for all of the messages, I am excited to celebrate your 7-10% single-day profit! Congratulations! 💰 What happened? As most of you are well aware, for the last 2 weeks ETH market went stale and many...
Today's post is short and sweet, I hope you will enjoy it! 📰 Wednesday is here and it seems that ETH is about to complete H&S pattern. The market indicates some level of excitement, however, at this point, there is no clear data on which way the market will turn. All-day yesterday the market was really pushing for a breakthrough upwards and have been rejected at...
First of all I would like to take a moment to say thank you to all of my fans and followers! It is hard to believe, but DataMoney already have over 500 followers! Our community is growing and everyone is excited to see what the future holds! Fun fact - If my post says that ETH will go up, I get 3x more views and 3x more likes compared to neutral or price drop...
It can be a bit demotivating to do ETH technical analysis this week. Price is dictated by BTC, ETH in limbo and both macro and micro level data is just gone stale. For those who are new to my posts, here is a quick recap of the last 4-5 days: - March 13-14th price movement indicated ETH moving into Head and Shoulders pattern. - Around March 16th ETH should have...