Midterm
BTC/USD Bearish AnalysisLooking at the 4H chart there are significant areas of support/resistance at (+/- 25 BTC):
9.75k
9.20k
8.90k
8.67k
It looks like we may be on our way to retest 9.2k, but that's a major hill to climb in a downtrend. If the price continues to fall, I think we have room to fall all the way to ~8.6k which is near the 1 Day 144 WMA. This will act as support, and I expect the price to sit there for a bit. There are bound to be a few trapped long-term traders at that price point who are looking to break even.
The daily candle low is currently at 9.03k. If the the daily closes below 9.0k, it could be a signal for bearish price action tomorrow.
#Bitcoin Diamond Round 2 Soon#BCD BTC ( Mid Term )
We witnessed a significant rise in Bitcoin Diamond coin with the beginning of 2020
Up to 190%
The price is now corrected
We expect the correction to end soon
Do not rush to buy and take the right opportunity to enter at a good price
Watch the price at the blue rectangle shown in the analysis
Good luck
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Profit so far on the channel
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BTC/USD Bearish AnalysisLooking at the 1hr chart shows that we are slowly losing momentum on the upside. While bears are struggling to break through 9.2k, bulls have been setting lower and lower highs after a significant price drops for the entire week. The possibility of the price going to the moon seems extremely unlikely. If bulls can manage to get the price up to 9.6k and break through that resistance we could be looking at a potential bull market, but we've struggled to get out of the 9.4k range so 9.6k may be quite some time away.
I've added the Bollinger bands to my chart as it seems to be more reliable at signaling overbought/oversold periods compared to the Stochastic oscillator. We can also use as a signal for volatility in the market. It looks like the bands are starting to spread out a bit, which could be indicative of stronger price action than we've seen all week.
Aside from the bands, the 144 WMA is acting as resistance at the 9.4k level which is consistent with previous support/resistance levels. As stated before, if the price manages to break through 9.4k we can expect to see a rush to 9.5k, and if the price breaks through that, we can see the same to 9.6k. But once again ~9.6k is the highest price point we've seen in two weeks so there is bound to be very strong resistance there. If the price rejects 9.6k again, that would be the 3rd or 4th rejection. At that point I expect to see the price dump quite a bit.
Overall I think we are looking at a short-mid term bearish trend. On the daily chart we currently have a doji for today which could be a reversal signal, but as of now there are 7 hours until the daily closes, so we'll have to wait and see.
Happy trading, and please leave a like if you agree or this has helped you!
BTC Bearish AnalysisAnother day of very little movement, but it's clear on just about every chart in the range of 1min - 4hr that we are in a downtrend. The highs for each significant price increase has been the result of a significant price drop, and on top of that, the highs have progressively getting lower.
Yesterday we saw a drop all the way down to 9300, and a bounce to 9400. For the last week or so we have been struggling to stay above and around 9500, but the price hasn't touched 9500 all day today. I feel that as long as we keep establishing lower highs, the price will continue to drop over time.
Since we've been trading horizontal for almost a full week now I'm not 100% confident in this analysis. I don't feel that there are crystal clear signs of the price going one way or the other. That being said, the price has been slowly decreasing which leads me to believe that we are looking at low-mid term bearish activity.
BTC/USDT Bearish(?) AnalysisThis analysis is fairly similar to yesterday's as we didn't see much movement in any direction yesterday. This may continue for a while, but it looks like we've tested resistance at ~9580 three times now, each of which has been rejected. Every time the price has tried to test the 9850 resistance selling pressure has immediately dragged the price down, which could be a sign that overall sentiment is in favor of a downtrend.
As I'm typing this we are testing the 9400 support. If we drop under 9375 or so I can see the price dropping all the way down to 9300.
I wouldn't be surprised if we bounce off this 9400 support and try and pump all the way up to near 9500. Though, if this happens we can expect to see a sharp decrease in price as pullback from a sharp increase. According to the Stoch oscillator we are headed toward oversold territory, and if we do end up there, a big pump to the 9500 seems pretty reasonable.
The market has been pretty stagnant for the last few days, so it's honestly hard to say, but overall I think we are looking at bearish signals.
Bitcoin is dead! Or isn't it?Bears will always believe they have the upper hand untill 20k breaks. Well, we ain't there yet and there are some big resistances to break before we will get there.
First one being 10k of course!
And what do we know about a horizontal trendline that has been tested week after week, day after day again and again? (Please think about the oh so strong 6k horizontal support line back in 2018...)
Yes sir, you are absolutely right! It will break and it will break in magnificent fashion!
Have fun trading guys, keep it safe!
Bigger picture of where BTC is going (Part 2)Just wanted to add to my last view: as many of you know me already, only when we pass 10,500$ with confirmations from OBV and other indicators, only then I will turn to be mainly focused on full parabolic bull run on my trades.
Meanwhile I keep accumulating BTCs on my long term portfolio investment (I guess I will stop around 14k), and I keep on focusing on shorting the market at important resistances, only after we break the first most important resistance at 10500 with a bullish trend to break the big-term bearish move, only then I will start to longing the market at important support levels (And not only bottoms like on the last Corona crush)...
I love how the market works out so nicely with my expectations on most times. remember guys, always have a plan, always play by your own rules, and always learn what you can improve, avoid FOMO, avoid emotions, avoid chasing.
Also don't forget, I'm a speculator trader, a probabilities trader, my way doesn't fit everyone out there... as I usually recommend you should always focus on finding the mid-term trend and stick to it, this will give you most wins and the best steady profits out there with less risks, try to avoid leveraging, always use SLs, and you should be fine.
PS: If you wonder what are these numbers, these are the monthly candles which I calculate for each run (personal calculations), you will also see them on my previous update.
Funding to Price relationship looks bullish.We see below the average future funding rate, which consists of Bitmex, Bybit, etc. For logical reasons, you can see a connection between the two curves. The smart thing is that you can see a flattening of the negative range at the current funding rate. If you look into the past, you can see that this is a very bullish sign. It looks like we have reached the funding bottom and can look forward to positive courses. The scale is of course unpredictable. However, I am assuming a violent pump in the next few weeks, which relates to halving. Well, speculate on good. (:
S&P 500: short/mid/long term Forecast. Conclusion: We are fuckedFirst of all: These are all just considerations on my part and should not be regarded as financial tips.
I have been very concerned with the problem in the past few weeks and see a good chance that my forecasts will come true.
I mostly refer to the Great Depression because all of the older predictions turned out to be correct.
Short-term: We will see a smaller dump. Various triggers, further unemployment rates, economic decline of 12% etc.
Mid-term: Investors continue to trust the Fed, which will continue to print money. The general population will also start investing as many will believe it can only go higher.
Long-term: The corona virus was only a trigger for the bursting of the bubble. The little upswing we will see is also called "Death Cat Bounce". It gets bad. I don't have to say more.
All right, if you disagree, just write a comment. Liken doesn't hurt either. Thanks (:
WTI Mid-Term Technical Analysis - Potential and Risk Here is a more in depth analysis of yesterday's published idea. WTI has appeared to have confirmed a new bottom with the EMI after closing repeatedly above bottom support (scripting thanks to @bonic) signaling a heavy buy signal on the weekly and monthly charts. We have to manage risk here. I have place a strong watch on the bottom uptrend support around 1.8 up to potentially 2.5 and so on. Stop loss should be used accordingly how low depending on how much you are willing to risk. Though that should be pretty clear if you stay up to date on analysis. immediate resistance but according to EMI appears likely to break through both 2.37-.39 and 2.55-6 resistance lines. If it fails to do so you may consider selling to play safe. Read the charts.
bounce off long term support
same bounce with a more current date range
GBPUSD MID-TERM FORECASTGood Day Traders,
Here is my forecast of price movement on the GBPUSD. Looking for a completion of the consolidation before entering in a long position with targets at the 128.00 area and further up before a fall in price to the downside. Let's engage in the comment section. Good luck to you all.