BITCOIN (BTC) DAILY POST (1/2) - LOG CYCLE (REPOST)
This is a repost of my previous post that got taken down because I was "not respecting the house rules" - sorry for the inconvenience caused.
See for yourself if my scenarios worked out !
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- based on cycle and log spike support/resistance lines
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TA
Palladium - Still not too late exit Buy- Reversal in progress Palladium - Still not too late exit Buy- Reversal in progress. Keep tune up for the next update.. watch out for the reversal.
Crude Oil - 5 Feb - Buy TP1 alreadyJust an idea on Crude Oil. It is time to cash out on TP1 & look forward for a TP2. It is a safest way to take Partial profits on TP1
ATOM pt.3 BULISHHHHHHHHHHHHHHHello, as my previous posts I have been carefully watching this crypto after seeing some very interesting market structure. I believe this coin has a lot of juice left and I plan on continuing trading this.
I'm showing what I see in the price action as of now but by no means am I showing you what you should trade. DYOR
If there are any questions, feel free to shoot me a DM.
IS GOOGLE READY TO RECOVER FROM ITS CRASH ?I think that google is long for the moment, the stock could still crash again and go lower but then recover again, we can see that google is a very stable stock and his movements are perturbed by things going in the world these days
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INTEL CORP (INTC) RSI+MACD+STOCH FIB RETRACEMENT TA TRADING 💡📉I developed a personal trading strategy on NASDAQ:INTC to setup a trading buy scenario.
What are the different indicators Showing?
MACD:
EMA's crossed, no sign early retracement bounce
!!! market uptrend could have turned into a downtrend, but we need more confirmation
RSI:
Market is globally in an uptrend but RSI looks like its crossing the 50 line towards a downtrend, so there may be no retracement bounce
INTC is accordingly to the RSI not overbought nor underbought, confirmation to come
STOCH:
STOCH looks like it's going towards its underbought level, I would wait till both lines cross the underbought level
What is FIB/Graph saying
Previous retracements reversed at around 50% to 61.8% fib level
I expect this retracement (if last retracement wasn't a trend reversal) to reverse around the same levels.
Intel Corp. as long term: 📈📈
Intel will definitely hit a 100$ in the future, with a lot of new big upcoming projects
For example: a crypto mining dedicated CPU
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FB TurmoilFacebook has seen is best days for now. I think with the new sanctions on FAANG coming, these stocks will draw back, and NDQ will follow.
They aren't "done" but they will be forced to divest from one another so the adjustments will cause some dipping, and then from there, further climbs.
The stock is not going anywhere, but portfolio adjustment always causes temporary reds as they find new positions. these new plosions, will likely make them go up in the long not down as they will corner the market on meme stocks, and penny stocks.
I also see penny stock pumps coming in the future. woohoo.
BITCOIN (BTC) !!!SMC!!! BASED SHORT TERM SCENARIOIf you look at the bitcoin chart from the institution's viewpoint, there are some imbalances left behind by the manipulation, some already got closed but the two most recent ones are the ones you can see on the chart.
Bitcoin will therefore surely go back to the 44k-45k range
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QUICK BITCOIN (BTC) TA...BINANCE:BTCUSDT is going short to 33k
The reason you are not seeing the price drop down directly and doing retracements, is because Tesla is trying to hold its position and keep the price up, but they will soon loose the war against other Whales and institutions.
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AAPL shortWith the US stock market appearing to be in a pullback, there are plenty of reasons to be bearish right now.
Based solely on TECHNICAL ANALYSIS, I remain bearish. AAPL is showing a clear head and shoulders bear pattern. Head and shoulders is, in my opinion, one of the most reliable price movement indicators.
Just speculation (:
CYPTO.COM (CRO) GOING FOR (0.33) SUPPORT RETESTKUCOIN:CROUSDT looks like it has broke its upwards momentum and is now heading towards the 0.33 support.
I expect the support to hold
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GOLD HUGE BREAKOUT IMINENT!Gold is testing a consolidation resistance formed for 520 days. HUGE MACRO breakout will happen.
Silver to follow for bigger gains.
Also BTC BTC bubble is popped, and digital gold will now be in the dumpster
its time for real gold and silver to shine
Wait for confirmation of breakout though before entering as we could reject here
WHAT HAPPEND WITH ETH? - SM CONCEPT - LIQUIDATED POSITIONSAs you already know, or should definitely know, Ethereum is not in a bull market, nor a bear market but a crab market, that means that it's currently being manipulated and you can only predict its moves applying the rules of the SMC.
Millions of positions got liquidated by the voluntary crash of bitcoin down to 2.3 k.
Ethereum is probably going to crash below 2k and then has to go back up to fill unbalance gaps and negative orders let behind by the manipulation.
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RSI Indicator & How To Use ItHello everyone, today, we´re gonna talk about an RSI and how to use it.
What is an RSI?
Basically, it´s an indicator that shows if the asset is overpriced or underpriced.
Basic information
RSI is 0-100
if the price is at 0-30, the asset is underpriced and theoretically it should go up.
if the price is at 70-100, the asset is overpriced and theoretically it should go down.
Professional information
You can set an MA based or RSI moves. And this is getting really interesting right now :)
Every time, the MA is touching bottoms or tops of RSI, it will go up or down (touch bottom = go up, touch top = go down.)
It works like an ball and floor. You just drop the ball on the floor and everytime the ball touches the floor, ball will just bounce and go up.
I drew it to the chart (green circles).
Okay guys, seems like we are in the end. Hope this helped you to make greater decisions and take good view at RSI.
Personally, I use RSI a lot and it´s really saving my a$$.
Thank you so much for reading my post, I´ll be really glad if you will hit that like button and follow me, so you can see other tutorials.
Have a nice rest of your day and stay safe.
Tommy.
BTC technical analysis for next weeksTough days. This is one of the most bearish price action I've seen in the last 2 years there is litterally no retracement only dump even in low uts. And what is even more concerning is that open interest is still very high and fundings are almost no negative after a 50% correction, you can easily guess oi is mostly high because of longs considering of the timings where oi pumped and cause of the funding showing that there is not that much volume in short in comparison to longs.
In addition as I showed in my last ta SP500 is pretty bearish and as we know how much its correlate to BTC...
I'm pretty scared that we slow dump till we trigger a major liquidation cascade because of the lack of buyers and of the bulls being too leveraged.
So I think a retest of the "2021 biggest support" is very likely at this point I almost want to say inevitable but it would be disrespecting a major trading rule
"nothing is 100% sure".
After we've retested the support I think there is 2 possibilities it's difficult to say which one is the most likely at this point we'll see in the next weeks but the 2 possibilities in my opinion are :
-we trigger a major liquidation cascade and goes below the major support but smart money is using liquidity to massively market buying, making a sfp and bull market can resume.
-we trigger a major liquidation cascade and goes below the support but sadly price is still considered too high for the institutions so we just pullback and then continue to dump till the next major support where the demand should be very high.
Have a good day and good luck is this hard market.
BTC- Keep Calm - Consolidation time -4HI did predict in my TA on 4H charts at very beginning of November upcoming 35k support level & most of people politely smiled back to me. Well… finally we are here, @ 35k.
In my TA on 4H charts it means only one - Consolidation time.
Prices still going to bounce up & down for a while and some fake breakouts going to happen up & down. Some people going to loose money in the panic and my advice would be only one: PATIENCE!!!
Support level @ around 35k has “history” from the beginning of 2021 and is not going to be cleared up over night.
Uptrend is coming and it is not going to happen over night.
KEEP CALM and DON’T PANIC !!!
BITCOIN (BTCUSDT) QUICK TA SCENARIO...Let the image speak for yourself...
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