Big Whale!! Pumping New ATH???Weekly Time-frame
The largest Canadian Bitcoin ETF is hitting back-to-back all-time highs with respect to its BTC holdings as inflows intensified. Bullish news. We are still holding the area of supply zone. If we turn it to demand zone we can rally again in the following days.
1D Time-frame
We are going to have some correction today or might be the beginning of the drop base drop. Crypto greed and fear index is now at #51. AO is still bullish and RSI is still bullish. We are still in the supply area if we turn this to base the we can rally again next week.
4H Time-frame
AO is bullish and is currently correcting. RSI is bullish. Tanken Sen is now supporting the candle. Next support is in Kijun Sen at $43,000.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Russianruble
MOEX Russia Index reopens after one month Short-selling on stocks are banned.
Foreign investors can`t sell stocks or OFZ ruble bonds until April 1.
i think that is the reason why it went up +4.37% today.
The index is now $2578 while in the Covid lockdown it went to $2080. And the world was at peace back then.
I don`t see how the price of the index wouldn`t touch the $2080 level again.
In fact, if the trading restrictions will be lifted after April 1st, then i think it can go down to $1550 and $1220 eventually.
Could Market Adoption Break 45,000?Weekly Time-frame
We are breaking the double bottom pattern. Price target at $52,194. Seems like we are about to turn the supply area into demand area and make a rally base rally set up. Retest of the supply area and not break it would mean we can get dump to up to $41,574.
1D Time-frame
Greed and Fear index is now in #40 which is still fear. Liquidation reached $120M 68% of it from the short position. Which would mean there is a clear floor to the downside that can start dumping the market again. Ichimoku Cloud is forming a beautiful bullish cloud. We are hoping to break the supply zone at $43,900 If we make it our new base then we can continue to the upside. Retest from the Supply zone would mean we are going down to $41,296, $38,434 bottom $37,000.
4H Time-frame
Strong demand zone is waiting at $41,296. Awesome Oscillator is now turning bearish twin peaks. We can expect that this is the bottom if we print the next volume a red volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Could Bitcoin Be Forming A Support Zone? At 40,000 Weekly Time-frame
We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral.
1D Time-frame
We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection
4H Time-frame
Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Trading Volume Jumped 19.5%, Will That's Break 45,000?Weekly Time-frame
We have filled the wick of the previous weekly candle. This might mean we can start going down again. Top would be $42,045, $44,000.Awesome Oscillator (AO) is still bearish.
1D Time-frame
AO is bullish! new volume in the positive the most awaited for the bulls. We might see a retest in $44,393 before going down. We are also seeing double bottom at the moment price target at $46,916. We might see some sideways for two days as there is no volume in the weekends.
4H Time-frame
Double bottom in 4h time-frame breakout area in $42,045 before we continue to the upside either we hold the base then pump or get a rejection.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Russian Ruble to Lose 66% of its Value Against the DollarThere are 81 Russian Rubles in one USD today. This is not the first time the RUB has devalued this much against the Dollar. We have an ascending triangle in the FOREXCOM:USDRUB chart that has spanned six years of price action. Once that triangle breaks upwards, we have a price target of 135. Let us keep watching this triangle to see if it will indeed break upwards. Then we can set up a trade on this pair.
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What Will Happen to Crypto During a Recession or Stagflation?Inflation in the US markets hit 7.9% last month - while the Federal Reserve was claiming that inflation was "transitory" all of 2021, realizing the US dollar may be in risk of systemic collapse they finally started to consider the possibility of raising interest rates (it's been near 0% for almost a decade now) -- arguably their only weapon to combat inflation at this point. (As a reference, Russia's interest rate jumped to 20%+ after their stock market collapsed after their invasion of Ukraine in late Feb.)
Increased interest rates means higher interest rates on loans, which is good for savings but bad for investment since loans become more expensive to do. Experts are predicting that a recession -- possibly a global recession -- is looming in the horizon.
What does this mean for crypto? Given that crypto's massive jump in 2020-2021 took most people by surprise there isn't too much reliable data out there but there's a few things we might be able to discern based on a few data points:
- Crypto adoption tends to be high in countries with unstable economies; the rankings vary from study to study but adoption rates in Ukraine was high, even before the war. (The US and Russia usually in the top 10.) It's interesting to note that the inflation rate in Ukraine in 2015 was almost 50% -- which makes assets like Bitcoin and other currencies much more appealing. If the major superpowers' economies become unstable, we may start to see similar patterns emerge as a result. (Japan's inflation rate has been very low for decades and their crypto adoption rates are also very low, despite being relatively friendly to the technology itself.)
- In terms of raw numbers, India has, by far, the highest number of people who own crypto (~100 million+) but their inflation rate has been climbing gradually in a similar pattern to the US in 2021. (With the officials telling people the same exact story as the Federal Reserve in the US last year -- "don't worry, it already peaked." 😂). In the same vein, most developed countries are in the same boat as the US right now as the disruptions on the global supply chain (due to COVID restrictions) continues to push inflation higher almost everywhere.
- In the short/medium term, the proposed solution by the Federal Reserve (a marginal 0.25% interest rate increase in March) isn't very likely to make that much of a difference until the Feds start to get more aggressive with the hikes. (Which they have considered as a possibility, but are wary of announcing since they know it may trigger a downturn in the markets.) Inflation is very likely to continue for the rest of 22', in other words.
- As of 20-21' lots of money has been thrown at crypto, DeFi, metaverse, and NFT projects both in business and personal deals -- many of them tied to traditional contracts in USD or fiat. (Although typically ill-advised, some people have been taking out cheap loans for crypto.) As fiat currencies become weaker, these fiat-crypto hybrid contracts are less likely to become common place, but will still make "pure" crypto deals more appealing. We might be able to estimate how much fiat money is tied to crypto assets based on market presence - BTC is the highest, by far, followed by ETH, DOGE, ADA, SHIB, XRP, DOT, SOL, etc. Coins that relied on marketing dollars to stay afloat (since it's currently only spendable in fiat money) are likely to be the most vulnerable.
- During bull runs like the ones we've seen in 20-21', marketing/hype tends to reign supreme since cheap loans and rising prices tends to create a short-term market for pump-and-dump projects. During recessionary periods, however, crypto projects with more utility is likely to come out ahead. (As Vitalik Buterin says -- he "welcomes" a crypto winter so that more serious projects can finally get the attention that they deserve.) But we don't really know if a weakened USD or fiat as a whole really will lead to a "winter" -- there is also the chance that fiat money will run to crypto as a refuge, pumping up the price as a whole. Traditional finance outsizes crypto by a huge margin, after all -- all it takes is a small % of the former to affect the latter in an exponential way.
What Will Happen to Crypto During a Recession or Stagflation?Inflation in the US markets hit 7.9% last month - while the Federal Reserve was claiming that inflation was "transitory" all of 2021, realizing the US dollar may be in risk of systemic collapse they finally started to consider the possibility of raising interest rates (it's been near 0% for almost a decade now) -- arguably their only weapon to combat inflation at this point. (As a reference, Russia's interest rate jumped to 20%+ after their stock market collapsed after their invasion of Ukraine in late Feb.)
Increased interest rates means higher interest rates on loans, which is good for savings but bad for investment since loans become more expensive to do. Experts are predicting that a recession -- possibly a global recession -- is looming in the horizon.
What does this mean for crypto? Given that crypto's massive jump in 2020-2021 took most people by surprise there isn't too much reliable data out there but there's a few things we might be able to discern based on a few data points:
- Crypto adoption tends to be high in countries with unstable economies; the rankings vary from study to study but adoption rates in Ukraine was high, even before the war. (The US and Russia usually in the top 10.) It's interesting to note that the inflation rate in Ukraine in 2015 was almost 50% -- which makes assets like Bitcoin and other currencies much more appealing. If the major superpowers' economies become unstable, we may start to see similar patterns emerge as a result. (Japan's inflation rate has been very low for decades and their crypto adoption rates are also very low, despite being relatively friendly to the technology itself.)
www.statista.com
- In terms of raw numbers, India has, by far, the highest number of people who own crypto (~100 million+) but their inflation rate has been climbing gradually in a similar pattern to the US in 2021. (With the officials telling people the same exact story as the Federal Reserve in the US last year -- "don't worry, it already peaked." 😂). In the same vein, most developed countries are in the same boat as the US right now as the disruptions on the global supply chain (due to COVID restrictions) continues to push inflation higher almost everywhere.
- In the short/medium term, the proposed solution by the Federal Reserve (a marginal 0.25% interest rate increase in March) isn't very likely to make that much of a difference until the Feds start to get more aggressive with the hikes. (Which they have considered as a possibility, but are wary of announcing since they know it may trigger a downturn in the markets.) Inflation is very likely to continue for the rest of 22', in other words.
- As of 20-21' lots of money has been thrown at crypto, DeFi, metaverse, and NFT projects both in business and personal deals -- many of them tied to traditional contracts in USD or fiat. (Although typically ill-advised, some people have been taking out cheap loans for crypto.) As fiat currencies become weaker, these fiat-crypto hybrid contracts are less likely to become common place, but will still make "pure" crypto deals more appealing. We might be able to estimate how much fiat money is tied to crypto assets based on market presence - BTC is the highest, by far, followed by ETH, DOGE, ADA, SHIB, XRP, DOT, SOL, etc. Coins that relied on marketing dollars to stay afloat (since it's currently only spendable in fiat money) are likely to be the most vulnerable.
www.globaldata.com
- During bull runs like the ones we've seen in 20-21', marketing/hype tends to reign supreme since cheap loans and rising prices tends to create a short-term market for pump-and-dump projects. During recessionary periods, however, crypto projects with more utility is likely to come out ahead. (As Vitalik Buterin says -- he "welcomes" a crypto winter so that more serious projects can finally get the attention that they deserve.) But we don't really know if a weakened USD or fiat as a whole really will lead to a "winter" -- there is also the chance that fiat money will run to crypto as a refuge, pumping up the price as a whole. Traditional finance outsizes crypto by a huge margin, after all -- all it takes is a small % of the former to affect the latter in an exponential way.
CATCH ME IF YOU CANThe Russian ruble or rouble is the official currency of the Russian Federation. The ruble is subdivided into 100 kopeks. The first Russian ruble (code: RUR) replaced the Soviet ruble (code: SUR) in September 1993 at parity or 1 SUR = 1 RUR. In 1998, preceding the financial crisis, the current ruble was redenominated with the new code "RUB" and was exchanged at the rate of 1 RUB = 1,000 RUR.
The ruble was the currency of the Russian Empire and of the Soviet Union (as the Soviet ruble). However, today only Russia, Belarus and Transnistria use currencies with the same name. The Russian ruble is also unofficially used in the four partially recognised republics of Abkhazia, South Ossetia, Donetsk and Luhansk. As of April 2019, the ruble is the seventeenth most traded currency in the world, and a free-floating currency.
Dumping? Or Time to Buy The Dip?Weekly Time-frame
Bitcoin about to touch the previous low of $37,000 before it pumps to $45,000! Order block waiting at $35,400 also a bouncing area if $37,000 breaks. Greed and Fear index is back to #22 which is Bullish for the Bitcoin.
1D Time-frame
Bouncing Area in 1D Time-frame is $37,118, rejection area of $42,000.
Awesome oscillator is now continuing with its up-trend. so we can see the bottom soon. We got rejected in the cloud now we are below the cloud again consolidating in the support area.
4H Time-frame
Order Block is waiting at $37,118 as an entry for long. FIB lines area supporting this support resistance area.
AO is still in retracement, no sign of bullish yet in 4H TF. we can expect more to the downside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Oil Effects.Weekly Time-frame
Still bearish and we are still need to fill the long wick to the upside of the previous weekly candle it might not close there but it will have to reach the $44,093 top before coming down again. We are forming symmetrical triangle that can either break out to the upside or downside. With the current events right now we are more closer to short position. once S&P 500 index, Russel 2000 index dumps we can expect more dump for Bitcoin like retesting the 200 Moving Average in weekly time-frame.
We just need to watch out to the news about our stock market.
1D Time-frame
We are getting closer to our support area of $39,259, $38,352, $37,197. These are the supports where we would most likely bounce. Our Awesome Oscillator (AO) is bullish so no worries at the moment we printed Green Volume signalling to the upside.
4H Time-frame
The area below 4H 200 MA, which means we are back to bears. What most likely will happen here is a test to our support at $39,254 if it holds it will bounce here, if not it will retest $38,350 if it holds we will bounce there or retest at $37,197 and bounce from that area. that support area are most likely we can open long position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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BTC is finally going back to 50K?Weekly Time-frame
BTC pumping hard, thanks to FUD and the fear and greed index in #22 today, its the best time to pump the coin. Rejection area stays in $44,051.40 if we break this rejection area the next rejection area is in $48,803. This would make our long position in profit. We are still inside Ichimoku Cloud which is still neutral looking forward to break above the cloud and make it the next support area.
1D Time-frame
We broke inside the cloud and also broken the Tenken Sen Resistance. We shall see if we can break the Senkou Span B Resistance and test the previous Resistance @ $44,059. The 144 EMA also is waiting in that level. it is turning to flattening slope which would give us more chance to break it to the upside.
4H Time-frame
4H time-frame is now pumping from the RSVVB indicator, we can see the end of the constriction that is now making a massive move to the upside. We hope this pump is enough to break the $45,000 resistance level. Awesome Oscillator is now in positive zone which means there is more to the upside. We just printed 1 positive volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Stock Market EffectWeekly Time-frame
Still bearish in weekly Time-frame, we are bouncing in 0.618 and 0.786 fib lines support and resistance. We need to hold the area of support at $37,285 or lest we can expect more to the downside.
Awesome Oscillator (AO) is still Bearish Saucer. If we break the support we can see a drop to $28,667. once the stock market start dropping the Bitcoin can have crash up to 80% which it can reach up to $10k.
1D Time-frame
We are still in the bouncing area we had a long wick yesterday i hope all have taken profit. AO is bearish, Greed and Fear is 21. This is bullish for our trade. As long as we are above the support there is still chance to pump to the upside.
4H Time-frame
We are currently in a retracement again preparing for a massive move to the upside with long wicks to the upside during bearish market is normal if we break the resistance then we can make it as the new support. AO is bullish, don't give up yet. our trend opened lower high and lower low though but still we are in a Bullish Awesome Oscillator. A mirror from the previous trade which would most likely to happen ride the uptrend.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Bears are weakening! Prepare Your Fund!Weekly Time-frame
New Candle for the week, seems bearish for the Awesome Oscillator Red Volume Bearish Saucer. Where we place the next long position was the exact Bouncing Area. If this holds it will continue to the Upside. Relative Strength Index (RSI) is about to be Bullish. Bouncing Area of $37,726 & $37,550. Rejection area of $38,435.
1D Time-frame
We need to close above $38,335 to hold the bullish trend of higher low. Today is still in extreme fear so we can expect a pump of $3-6k pump to the upside. Monday can Pump or Dump, or consolidate. To wait for the exit area of March 14 in the Ichimoku Cloud. Bouncing area of $37,726 where you can open long position. Rejection Area of $39,418, you can open short position.
4H Time-frame
4H Time-frame bottom is in!!! Entry at $37,726. Awesome Oscillator printed green volume, and made a bullish twin peaks. We can expect more to the upside if this continues to print green volume.
1H Time-frame
1H Time-frame bottom is confirmed both in H1 and H4. Twin Peaks bullish. Divergence trade incoming. Open long position.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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GOLD NFP MOVEMENT AND FORECASTAs based on the recent Non-Farm Payroll data which came 678k which is 211K more then last month's data and around 271k more then forecast which make the economic condition of US strong as a result we can possibly see bullish trend in US dominated currency pairs although on the other hand the situation between Ukraine and Russian is getting worse which is giving a direct fuel to the prices of commodities like GOLD which can be seen always inverse from USD while these fundamental movements stretching out the market we can catch sight of consolidating movements with momentary spike in GOLD prices. As the technical Indicating strong Buy for GOLD however Fundamentals are opposing the same while following the nearest resistance of around 1949 and support of 1943.
FEAR, TIME TO ADD LONG POSITION.Weekly Time-frame
We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon.
1D Time-frame
EMA 144 and 233 was a strong resistance level, we got rejected and even broke the Ichimoku Cloud Senkou A. Bouncing area is $40,594. If we still break the support of $40,010. if it doesn't hold, next support is at $39,056.
Greed and fear Index is 33 back to fear.
alternative.me
Liquidation is $222M mostly long position. That would be a potential bullish in the coming days as all long position gets closed so it will pump again. We are still expecting it to form higher low to continue the up-trend.
4H Time-frame
We have broken Tenken Sen and Kijun Sen support of Ichimoku Cloud. Next support is 144EMA and 200MA are both located at $40,745. EMA 233 support is in $40,961. 4H TF still in the Retracement period in our Awesome Oscillator.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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USDRUB worst case scenarioif you haven`t read my first article when i expected the 86 level to be reached after the Russian ruble was no longer aligned to Crude Oil price:
or the 95 target after the Ukraine invasion:
this time i expect, considering all the sanctions and the fact that exchanges are selling USD in Russia for a price at least 30% higher than the forex market; i even saw a picture where 1 usd was selling for 250 RUB, then my prediction in 150 this time, or the dollar to be 2X stronger than it was at the beginning of this was.
Looking forward to read your opinion about it.
is it true that the US Dollar is already trading so high at the exchanges?
Is Bitcoin a safe haven in these times of uncertainty?
147 Million Liquidated Fear or Bullish?Weekly Time-frame
We are again inside the cloud.
We are expecting more to the upside for this weekly candle as it open a green volume from the Awesome Oscillator. Support at $43,440 to $42,010. We need to hold this support to keep the momentum to the upside.
Bullish RSI.
1D Time-frame
We are currently printing a Retracement Candle, bearish Harami means we can expect a red candle for today. Our Awesome Oscillator is still Bullish though so we can expect a long wick to the upside before we continue with the retracement to the downside. Watch out for Stop Loss Hunter at Support level $43,310. Yesterday we got an exact rejection in our EMA 144 which is in $45,360. We shall see a retest to this resistance, it’s forming a flattening slope which means we are experiencing weakeness. Don't trade against the upside trend, just wait pass the Retracement then ride to the upside.
4H Time-frame
Support area of $43,518 is good to open long position if it breaks then expect a drop more to the downside. RSI is not overbought anymore so more area to go to the upside again. 39 Greed & Fear Index means the market is in Fear. We can expect its momentum continues to the upside.
147M of long position got liquidated, giving us bullish sign since market becomes free sky (no celling ).
www.coinglass.com
We are still waiting for the breakout from the Double Bottom. and our Awesome Oscillator has not shown a sign of reversal yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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SACTION? TO THE MOON!Monthly Time-frame
Bullish Harami Printed!!! Breakout to the upside is in play! Higher low is printed confirmed! Watch out for confirmed bulls back in the ball game. Russian sanction on Swift Banking was Bullish for Bitcoin as Russians transferred their funds to Cryptocurrency.
Weekly Time-frame
Bullish week, double bottom, Relative Strength Index (RSI) Bullish. Higher low, breaking the previous high. Awesome Oscillator (AO) printing green volume and Bullish RSI. Breaking the Ichimoku Cloud soon! If rejected at $44,070 it’s a good time to open a short for a retest at $40,972.87.
1D Time-frame
Cheers for the bulls! We have broken the ichimoku Cloud, and made it a support, it looks weak breakout but will see if we can hold it as a Support. We are now ready to open a Positive Volume tomorrow.
4H Time-frame
RSI is overbought, which is normal during an up-trend. Broken the cloud, printed a strong volume AO. We are done with the butterfly constriction now we are moving to the upside.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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[BTC] Sign of Swing Trade is Arising?Weekly Time-frame
New Candle just showed up, Good news for the bulls, we open to green volume in Awesome Oscillator as predicted yesterday. This would mean the beginning of the Upside! Another good news we found support in Ichimoku Cloud.Relative Strength Index (RSI) is about to cross over Moving Average (MA). Support Area of $37,000 - $39,000.
1D Time-frame
We are now below the Cloud, and we have printed Red Volume in Awesome Oscillator which is Bearish Saucer. Today is a Bearish day as it formed Evening Star, but it went just as planned so far means it will cross the Cloud on March 15th where it has the Weakest Point. We need to hold the line for today in this Price Target of $37,339. Ichimoku - Tenken Sen to secure a higher low up-trend.
4H Time-frame
The drop to $37,080 was needed to liquidated the long position. Now we are having some sideways and preparing to go upside again, meanwhile Awesome Oscillator is about to form a Negative Volume which would be Bearish sign. March 2nd is the crossing area in 4H Time-frame to the upside. The Box is the Support Area. Area of bounce at $37,339, $37,080 & $36,942. Area of rejection at $39,191.
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USDRUB Long entry (Long live Ukraine)Firstly, my sincere best wishes go out to all of the Ukrainian residents, their families and loved ones staying behind to protect their land, my thoughts are with you.
Putin lost his mind back in 2014, now he's gone on another bender with this terrible act.
I was wanting to take a look at the Russian stocks market website, but it seems to have been shut down, by "Anonymous" maybe? LOL. Shame I was wanting to see which Russian stocks to short. Does anyone have any Russian stocks to share they feel will tank?
The Russian economy has already lost $150 billion, and counting so far. Ruble had lost 33% of its value and there's still room for it to lose even more as the West impose Sanctions on Russia ability to transfer funds around the world. It's not completely cut off. The Russian Federation still has the ability to use crypto to move funds around. And of course, I bet China will also help Russian Federation with that too.
Should the western world get a sniff of China helping Russia move funds then another **** storm won't be far away.
So, I've gone long here target is 90.00, I'd expect this to reach the High of the pin within two weeks. If successful I'm looking for a return of around $34,000.00
Bullish during the War
Weekly Timeframe
Awesome Oscillator is still having its Bearish Retracement. We are looking for green volume next week to see more upside candles. Ichimoku-Cloud is still holding on, we are still inside the cloud which is fairly bullish. EMA Ribbon is still bullish it hasn't changed really from being bullish since 2011. We are currently experiencing two spring up. if we close with green candle we can expect more to the upside.
1D Timeframe
This is Double Bottom that has huge potential to the upside. We already broke the cloud and the next rejection area is $42,221. We just need to hold on to this line of support and wait for the push up after consolidation; and if we don't, then we can see a movement to the downside. Our retracement in daily time-frame has shown green volume already in AO, it means this is the beginning of more volume and candle to the upside. The bottom are reached in the Retracement. RSI is also about to cross its Moving Average which means we are crossing a bullish zone for RSI.
4H Timeframe
200 Moving Average in 4h timeframe becomes weak and easy to break. We have broken the resistance in the second retest, so we can expect more to the upside. We need to break $39,904 and hold it as our support area then break $40,646 to continue the bull run. AO is already bullish and no sign of retracement yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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