Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Sep 13 2021Technical Analysis and Outlook
Bitcoin has been moving upwards since Sept 14 by breaking out from a Mean Sup $44,530 accumulation channel and accelerated.
At that moment, the Bitcoin price is trading around weak resistance marked at $48,150 and is due to accelerate to our Mean Res $52,600 and Inner Coin Rally $54,550 . However, BTC’s recovery at this level will face stiff resistance, indicating that bears will be very active at this higher tier prices.
On the upside, analysts remain bullish, as indicated on the August 9 chart and some other different fast-time charts that underline the bullish potential for Bitcoin. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
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S&P 500 Weekly Daily Chart Analysis For September 13, 2021 Technical Analysis and Outlook
The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For September 13, 2021" page at the usual site for the rest of the market story.
S&P 500 Weekly Daily Chart Analysis For August 30, 2021 Technical Analysis and Outlook
Our Inner Index Rally of $4,545 was hit on Thursday. The Spooz is currently in a tight trading range, and we are awaiting intermediate confirmation of the trend. However, a drop to Mean Sup $4,469 is a strong buy and provides ample opportunity to load the boat for resurgence to retest undeveloped key resistance and completed Inner Index Rally. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market Review & Analysis For August 30, 2021" page at the usual site for the rest of the market story.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For August 9, 2021Technical Analysis and Outlook
It seems there is no stopping Bitcoin after the cryptocurrency surged past our psychological Mean Res $46,580 mark, which held the coin captive for four sessions from passing this barrier. Next is our target Inner Coin Rally of $50,130, coinciding with a significant $50,000 Maginot Line . Will the price of Bitcoin increase to $50,000 this weekend? See the 'Weekly Market Review & Analysis For August 9, 2021" page at the usual site for the rest of the market story.
S&P 500 Weekly Daily Chart Analysis For August 2, 2021 Technical Analysis and Outlook
Simply put, the Index is advancing to our designated Outer Index Rally $4465 as projected on S&P 500 Weekly Daily Chart Analysis For June 14, 2021. The main support level stands marked at Mean Sup $4385 . Be safe and trade accordingly. See the 'Weekly Market Review & Analysis For August 3, 2021" page at the usual site for the rest of the market story.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For July 26, 2021Technical Analysis and Outlook
The current trend outcome is marked at Inner Coin Rally of $50,130 , while the Mean Res $46,580 rest below and should be embraced wholeheartedly. See the 'Weekly Market Review & Analysis For July 126, 2021" page at the usual site for the rest of the Bitcoin market story.
S&P 500 Weekly Daily Chart Analysis For July 12, 2021As stated on July 5, Weekly Market Review & Analysis, the index current Buy zone stands at $4320 - $4290 , while Mean Sup $4290 and newly created Key Res $4386 are support and resistance, respectively. See the 'Weekly Market Review & Analysis For July 12, 2021" page at the usual site for the rest of the market story.
AUD/USD 1W analysis 13/07/21Hello everyone , as we all know the market action discounts everything :)
The AUD/USD market showing a lot of bearish signs after failing to hold 0.75 today and it looks like the market might be dropping down in the next week or two .
a possible reversal might happen but we need to wait for the conformation on the Market price testing the support line at 0.7401 .
on jun 21 i showed the 1D movement of the AUD/USD and explained how the market price is moving in a bearish way and used The Elliot wave theory to try to understand the market movement and we see that did happen in the past weeks where the price dropped from 0.77 down to the 0.74 zone
looking at indicators now we see that :
1_The market price trending below both the 10MA and the 20MA (bearish sign)
2_RSI showing at lot of weakness sitting around the 41.13 (at the time this was published) with no divergences between the indicator and the market price.
3_MACD in under a negative crossover , Market price is moving above the MACD (bearish sign )
Support & Resistance points :
support Resistance
1_0.745 1_0.7498
2_0.7424 2_0.7521
3_0.7401 3_0.7547
Fundamental point of view :
According to DailyFX
The AUD/USD has been under pressure of late following renewed virus fears in Australia, along with Federal Reserve hawkishness. The Australian Dollar may potentially have bottomed following a test of September 2020’s swing high at 0.7413. Currently AUD/USD remains below the key 0.5% Fibonacci level at 0.7499, having failed to materially break above during the last few sessions. With virus fears in Australia growing, the Australian Dollar may continue to consolidate near its 2021 lows until the fundamental outlook in Australia improves.
The data from Australia showed that the National Australia Bank's Business Confidence Index dropped to 11 in June from 20 in May, compared to the market expectation of 23. Additionally, the Business Conditions Index fell to 24 from 36 and missed analysts' estimate of 33. On a positive note, HIA New Hom Sales increased by 14.8% on a monthly basis in June but this print failed to help the AUD gather strength.
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask
Thank you for reading.
ETHUSD: Analysing the best & worst case scenarios for near termAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Quick glance: ETH has been under selling pressure lately. As of now, it seems to be facing resistance from the BB midline. The trend line on the 4H timeframe has been retested several times. Overall sentiment seems to hint at a probable bullish move.
Market in the last 24hrs
The last 24 hours witnessed a massive selloff. Stop losses were triggered caused prices to drop sharply, and triggered a further panic selling.
Today’s Trend analysis
ETHUSD seems to be facing resistance at the trend line.There are 2 likely scenarios for the short term:
- Quick move towards the $2200 mark.
- Sharp decline towards $1700
It is important to closely observe for confirmations before taking an entry right now.
Price volatility remained moderate at approximately 5.1%, with the day's range between $1884.10 — $1982.40.
Price at the time of publishing: $1955.31
ETH's market cap: $226.44 Billion
Out of 11 Oscillator indicators, 9 are neutral, and 2 are bullish.
Out of 15 Moving average indicators, 9 are bearish, 5 are bullish and 1 is neutral.
Indicator summary is Neutral for ETHUSD .
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BTC bottom is in? Time to long?Could 28k be the bottom?
I mean, china usually bans BTC and then it pumps after that
There is a lot of FUD and many people are expecting a 20k btc.
Is it possible that china and the whales have already started buying btc back up?
Now to TA:
A lot of short term bullish indicators
We broke out of a falling broadening wedge which was caused by an inverse head & shoulders
We haven't hit the target for the inverse H&S yet and it seems like we are creating two double nested bull flags
I do think there is a possibility where we drop from here a bit but, BTC looks like it wants to move up from here
Could be a good LONG trade to take
First down & then up?Looks like we were breaking out upwards but decided to take another pause. We might go straight up from here but I think that we could retrace creating a right shoulder and taking us down to the .5 or .618 levels creating the last shoulder for a massive triangle which should take us back to a 50k BTC.
DOGECOIN GETTING READY FOR A BIG MOVE SOONDOGE is getting ready for a big move soon. As you can see on the 12h, the red lines demonstrate an enormous pattern completing. Given the natural volatility, a big move is imminent. Also displayed are the 70, 80, and 90 day moving averages, which we may expect to act as support/resistance(s/r). The visible range's largest node at $.310597 is a big s/r line to watch as well.
Support & Resistance analysis for Bitcoin | 4H timeframeQuick glance: On our previous analysis on BTCUSD, we discussed the rise following the dumping. Although, the macro indicators supposedly have negligible impact on crypto, El Salvador's decision to accept Bitcoin as a legal tender sparked off debates about other nations following the same some time in the future.
Market in the last 24hrs
BTCUSD witnessed a roller coaster ride. There was a sharp rise, then a retracement and followed by a rally.
Today’s Trend analysis
BTCUSD seems to have a strong momentum. Volume has also shot up. However, the increasing channel of the Bollinger Bands suggest increased volatility.
Price volatility remained high at approximately 6%, with the day's range between $36254.00 — $38446.24.
Price at the time of publishing: $37849.42
BTC's market cap: $707.14 Billion
Out of 11 Oscillator indicators, 8 are neutral, and 2 points to 'SELL' signals, and 1 points to 'BUY' signal.
Out of 15 Moving average indicators, 11 are giving a 'BUY' signal, and 3 are giving a 'SELL' signal.
Indicator summary is giving a 'BUY' signal on BTCUSD for the shorter timeframe.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BTC USDT Chart AnalysisPrice is consolidating under the falling wedge chart pattern and soon breakout will happen, if the breakout happens then it will break its two minor resistances and there is a chance to touch 45k. What would you say, guys ???
Litecoin price attempting a new supportLTC seems to have found some support on the chart just below the $300 level. The Litecoin price is setting up for a potential run to $339.
The price has run into the support of an ascending trendline on the 2-hour chart at $298. For the moment, the trend is holding, and LTC appears to be putting in a bottom above the big figure.
Additionally, it is now above a descending trendline at $311, from the 12th of may high at $394.50.
As long as the Litecoin price stays above the descending trend line, I expect a rally to $339.
This is the level the price bounced to after the previous test of the line. If the price can convincingly clear $339, the next target is $360.
Nonetheless, if the trend line at $298 fails, clearly, there may be room on the downside. This would cancel the short term bullish outlook.
Yearn Finance Price UpdateThe 2-hour chart shows us that YFI is close to breaking below a major trend line. This trend has been in place from the 13th of May low at $60,487.
I consider this to be an important level of support, as a clear break has the potential to push the Yearn Finance price back to $50,000.
A series of lows from early April provide support around the $50k mark.
If the price can stabilize above the trendline, it has a chance to recover. There is some resistance at $70,500, and YFI has failed to break above this area for the last 12 hours.
Therefore clearance of $70,500 would suggest the price can continue higher.
The first target would be 81,970, where the price stalled on the rally of the 14th of April.
Monero Price analaysisThe test of ascending trend line in. place from March has so far held. This, to me, looks encouraging. The price is running into some resistance at $421. However, I expect this level to be soon cleared, putting XMR on a path to $450.
A descending trend line at $450, from the April high, offers resistance.
If the Monero price can clear this resistance, there is a good chance it can continue higher, with the ATH being an obvious target on the upside.
A close below the ascending trend line at $366 would negate the bullish outlook.