Bitcoin Market Update 28th July 2021Yesterdays daily close did almost consume the supply wick of the daily bar before as we suggested. Confirmation of absorption on the way up as demand is clear and aggressive (change of character) .
Next move is to overcome the top of the horizontal trading range and back up to it as support.
We could retrace down as another LPS before overcoming this 40K level though. Signs of strength still holding.
Marketupdate
Bitcoin Market Update 27/07/2021Todays bar is penetrating yesterdays supply wick. A close that matches the supply wick of yesterdays up bar would be another bullish signal and suggest absorption of supply is happening on the way up.
A pull back is expected in the form as an LPS. Could Bitcoin possibly over shoot resistance and consolidate above? Or will we see a tame pull back to consolidate here before having another assault on that 40K region?
Let the market decide, no predictions...
Bitcoin Market Update 26/07/2021Bitcoin did make the move outside of its trading range with a significant up bar on the daily timeframe. This is a clear SOS (Sign of strength) and possibly a jump accross the creek.
We still testing recent highs so we still need to see confirmation. Todays daily close will tell us more.
Still not seeing signs of distribution.
Bitcoin market Update 25/07/2021Possible change of character over a weekend a usual time of low liquidity.
We are currently testing the top of the trading range and the 50 MA on the daily for the first time since capitulation.
Fundamental news driving demand? News of Jeff Bezos hinting a payment system with crypto currencies?
We continue to cross the chasm...
BTC Crypto Market Update 22/07/2021BTC Crypto Market Update 22/07/2021
BTC showing some demand yesterday forming possibly what could be a higher low, this could suggest that supply does seem to be exhausting for now. A slight retest of the 31K area makes sense, maybe we can get some continuation to the upside.
For now price spread is still narrow and within the trading range and I personally am not seeing any signs of re-distribution...
Nestle IND Stock Analysis 1W 05/07/21Hello everyone , as we all know the market action discounts everything :) looks like a double bottom has formed and the stock could be rallying up as soon as we get the conformation around the 18050 area , if that happens the stock could be going up to the ranges of 20000 . MA giving us a bullish sign and both the Stoch and MACD giving buy signals with noticeable bullish candlestick pattern (3 white soldiers )
Fundamental analysis :
Nestle India Ltd. quote is equal to 17602.80 INR at 2021-07-05. a long-term increase is expected, the "NESTLEIND" stock price prognosis for 2026-06-29 is 33720.90 INR. With a 5-year investment, the revenue is expected to be around +91.57%.
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NASDAQ - what happens next?Last update:
The Nasdaq has reached its next intermediate target and I´m preparing for a possible countermovement. This would bring the market back around 300 points.
Specific targets:
Fibo levels in the chart!
Yellow box = main target zone
This area can be used for long positions!
However, the start of the intermediate correction cannot be identified clearly and I still assume that we can see higher prices. The market still has more room to run in this wave 3. The Nasdaq also likes to exhaust its third waves up to 223.6% extension. In this case, that would give the market room for up to 14793 points.
I can only state that the market has reached an area that can provide a small intermediate correction. Everything above 13957 (corridor of wave 2) points remains bullish!
Current situation:
The zone between 14564 and 14627 points has an effect on the market, insofar as the upward movement has slowed down a bit. But there is still no sign of a counter-movement. It must be assumed that the market is still in the wave (3). And this wave still has space to expand further. Even 14796 points would be achievable in this way. Only then I have adjust the count. But for now it will stay that way, as long as the Nasdaq does not break out directly above 14796 points. I still assume a smaller pullback in the near future (around 300 points).
Conclusion: the Nasdaq continues on its way. An intermediate correction remains primarily planned as long as we do not take off directly above 14796 points. On the downside, the further upward movement in the current scenario is safe as long as it does not fall below 13958 points.
BTC small updateBTC is moving slowly.
We failed the double dottom where I talked about in my previous update.
Then we formed a small downtrend that we broke. The retest was succesfull and now I want to see a double bottom on 49130 (The golden zone on the fibonacci), If we make this double bottom succesfully, we will go up.
The first target will be 51500. If we can reclaim this level, I expect that we go to 55000.
BTC in a downtrend... What are the support levels?Welcome to a new update!
It looks like BTC officially made a lower high. We already have made a lower low in the past. This means that BTC is in a downtrend.
This is a great reset for the market but what are the support levels?
The first support is 51K...
If BTC can't break 51k we will see 56k soon.
The next support is 47K. In the previous dip we couldn't break this level..
If BTC can't break this level, then we have a double bottom. This is very bullish and making a double bottom, will break the downtrend.
So if we can't break 47k, we will not be in a downtrend anymore.
The next and last support is 41-42K. This is a crucial and very big support.
We tested this support 9 January, 10 February and 28 February.
Also the 200EMA on the daily is at the 41-42K support. so it is a very big support.
It starts to be scary when we break this level.
At the moment, we are in a normal dip. I expect that we will go more down.
We still remain bullish in the bigger picture if we don't break the 41-42K support level.
This was the update. I hope it was all clear.
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BTC was in a rising wedge on the 4HWelcome to a new crypto update! BTC is very volatile at the moment. Please don't panic.
BTC was in a rising wedge on the 4H. A rising wedge is a bearish pattern.
BTC broke the rising to the downside and retested it today. After the retest, BTC dipped very fast. No need to panic!
So what now?
Wait till BTC gets less volatile and finds support. The next support level is 51k. Watch my next update to see all the support levels of BTC!
BTC is now bearish, but when are we bullish?
If we reclaim 56k we will be bullish...
If we reclaim 60k we will see amazing bullish things...
Trade safely and don't panic...
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Yen giving back last week's strengthMarket open on Sunday started off with JPY giving back some of the strength it developed during the previous trading week. The blue horizontal lines represent that return back to previous price levels and a ranging/consolidation area. JPY strength could be found if markets run out of positive news, but equity markets still continue to move up, with SPX nearing 3,000 again.