✅USD_CHF NEXT MOVE|SHORT🔥
✅USD_CHF went up to
Retest the horizontal level
Of 0.87113 from where
I will be expecting a
Bearish move down
SHORT🔥
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Pullback
4 Reasons for the Bitcoin Pullback ...And What's Next?Traders,
There are essentially four big reasons explaining this bitcoin pullback. Let's take a look at what caused this pullback and talk about where we go from here.
Pre halving BTC: institutional greed, chaos and orderWith less than 100 days remaining until the next halving, BTC has followed the projected trajectory. Given the buzz surrounding ETFs and the current market conditions, a pullback seems probable. The initial support rests at 36k, with the subsequent support at 32k. The initial support will probably uphold the price, so I'd suggest a 65/35 liquidity split between these two zones. Until the all-time high is broken, discussing the next bull run may seem premature, but it's important not to underestimate institutional greed and Bitcoin's inherent scarcity.
SPAUSDT LongAnother one where it looks a decent pullback made look slightly ugly due to crypto dump yesterday, taking an initial position now and will keep an eye for adding more later
DECK 50 EMA Bounce and Bullish Engulfing CandleDECK bounce perfectly off the 50 EMA and is working on closing a bullish engulfing candle on the daily. Amazing recovery after an ugly Friday close.
GOOGL Daily Launch PadGOOGL has been riding the 50 EMA on the daily for quite some time. After the late October shakeout down to the 200 EMA, GOOGL has looked very strong and been trending upwards in this accumulation zone. A clean break above $141 should send this to test the high at $150 and beyond.
ARKK Finding Support on the 65minARKK found support last week around the $48.50 area, and is currently surfing the 200 EMA on the 65min chart. Two open gaps to the upside leave this with plenty of room to run back up to the local high from late December.
TSLA Trendline RetestTSLA breakout failed to end the year but is now currently backtesting the trendline. It's been surfing the 200 EMA, and If that holds, this seems like a great risk reward spot to go long. A red to green open would provide a great entry. 5 straight days down and then a doji candle smells like a possible reversal as well. Initial Targets $250 $265
Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
Zone of resistanceThe pair is heading to high resistance zone. It needs more consolidation to break it through. I think is goin to try a few times but it will end up pulling back to the blue line. I'll wait for some price action before open a short position. I'm keeping my eye on this one. Check out my related post about the dollar index lines below.
On the Bullish Road, DYDX has to stop at some station | LongBiasOn week chart
DYDX has grown through 1 year and reached to 4,363 on Nov 2023
Now, DYDX is pulling back to lower to accumulate awhile before going up
My view for this bullish around 6,3 that's #SupplyZone
DYDX has #Support around 2,17 this zone is #Apex between two trend lines
Time will tell
Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market.
While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback.
As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
As Expected, We Have Our Pullback! Now We Watch This Closely.Traders,
As predicted a few weeks ago, altcoins have finally met their downside target of 10-15% (see links to related ideas). But this move down will not confirm further downside unless/until we have confirmation to the underside of our current channel. We have to watch that bottom support closely along with the support on our RSI chart. Should one of them break and the price remain on the underside tomorrow through Friday, this can be further indication that more pullback may occur.
This is the healthy correction that I have been waiting patiently for and I am glad to see it.
Stay tuned.
Stewdamus
GOLD, will we see a pullback this week?So far gold dropped nearly 8% from the new ATH without any significant pullback, bringing a lot of money to market makers, who created the fake move.
At some point a pullback should happen, but it's hard to tell when. The first structure support at 2000 was already violated today and we reached to 50% retracement within a really short period of time considering how long the move up took (which was also impulsive in my mind).
According to my last analysis I am still waiting for a correctional B wave to be formed, which would make it possible for us to
1. Get a short position.
2. Calculate timing and goal for a possible wave two target area.
At this point it is impossible to tell where a wave B could find it's highest point, but there are important resistance areas to mention:
2004 - 2010, 2028 - 2033 and 2044 - 2052
Only a price close above 2080 can form an impulse for higher prices.
The support areas for buying a possible pullbacks are:
1971 - 1977 and 1932 - 1939
We already reached the first support, having a confluence with the 50% fib retracement.
Crypto Total Marktcap --- suggests pullback is occuring.Shorts have been getting their pants pulled down for too long :)
We may have reached a point where a pullback may be necessary and even healthy.
(Some coins will still do well of course, but will be fighting the general tide of the market)
Included a couple zones where could correct to.
DASHUSDT 🔺Weekly update🔺The third encounter with the weekly trend line and the possibility of failure according to the RSI divergence. After the break and the Pull-back, enter the LONG postion.
Strong Breakout confirm for the 5th wave of ImpulseWaveOn week chart
I figured out the Impulse Wave has begun from $15,4xx and now it's been happening the fifth wave with target around $40,000 and can be further at $42,000.
You easily spot the strong Valid Breakout happened around $31,300 within volume higher 130% Avg. Vol 30 days and now, it will retest or keep up climb higher and higher cause the bullish candle has a bit little wick that shows strength of buyer.
However, my view Bitcoin can reverse a bit before go up again because ADX > 80 and RSI Overbought these signals is good for reversing. Wait and see around $31,300
Time will tell
