BTC - fractalI admit it - I have been trading many fractals and they have been working out many times - The only thing you need to recall each time is that context needs to match the price action. In this case, both indicators and fundamentals suggest a move to the upside - here a fractal side of things confirming such movement could happen. We will track it and see how it performs.
TSG
RARE, but common chartFree Alt Analysis. This time RARE.
RARE is still degrading, but also getting to the bottom of the curvy trend. There is plenty room to go both sides - but Daily looks exhausted on TrendExhaustion, HighsLows and RSI - VolumeTrend is still bullish and we are dancing on support - it is likely to go for $0.275 first, and judge from there if we are headed for the top of the curvy trend or bounce down.
This idea would get cancelled if we cross the local trendline down - retest of lows of the curvy trend would create another great opportunity to DCA.
VIX 2008 vs 2022 sentimentHistory doesn't repeat, but does indeed rhyme - and same happens with human sentiment. Because VIX is a representation of it - we can see something similar happened along the lines of 2008. We all know a a drop is coming - we don't expect a bounce before though - and it is that bounce which I'm predicting to happen soon - and will turn bearish when it happens.
Tezos - Wedge broke, but...Tezos Has been consolidating since it has broken the big descending wedge - And I would be bullish, if it wasn't because of Whale Money Line (on Trend Exhaustion) reaching a really high level lately. We still have time until those curvy high and lows reach the bottom of those curves (Very close!) and a breakout will be imminent. If it is to the downside - it will be just to retest some supports within a fakeout - Broken wedge target sits really high. Good buy spot.
ETH - Decisive situationNormally my ALTs ideas are published as private, but will output this one out there so you get a sneakpeak of my reasoning.
Ethereum is in an almost bullish place - We have 2 big descending wedges here - the bigger one which got faked out to the downside and price got back in, and the lower timeframe one, which got broken during last consolidation. My reasoning here is the next one: BTC/SPX seem to be consolidating and willing to go up, SPX and VIX are backing up this idae. Monthly results like NFP are also bullish for the markets. Technically, Ethereum can now move in either of the 2 ways - directly to the target of the smaller wedge - which would be a breakout of the big wedge, or go for the retest of the smaller wedge and then retesting the top of the big wedge again. Withough fundamentals leading us down (so far there is nothing new on the horizon ) the bigger wedge could get broken - and it's target sits at 4,000$.
Really great time to start investing in ALTs, in case of a drop - sell them and rebuy lower, but the opportunity for a last bull run sits before our eyes.
Good luck!
BTC - Last Minute!Although I have been one of the biggest bears for the last few months (and still am in the long term) - I see a big bounce upcoming which will be driven with disbelief and scepticism. Other than exhausted indicators, which I have mentioned in my previous ideas, we are additionally on a strong trendline/support and the consolidation is only predicting big volatility. Another aspect that makes me bullish is my theory of Long Candles like Long Candles. Long candles tend to be corrected - specially on supports and resistances - sooner or later. Here we have 3 big H4 candles that haven't been corrected in any expected (by me) way and that only suggests tension accumulation. Too many aggressive drops in a short time.
Expecting a green strong candle soon.
BTC/SPX relationshipCrypto is trying to hold the area it is in compared to stocks - holding the support and trying to form a double bottom - Too early to say it is successfull, because fear is still out there - but it is a really good spot to start DCA'ing into Crypto as there are high chances of bouncing up even stronger that stocks will - and that is mainly because when investors will open up to the idea of buying in, they will go big time into risky-assets. That's the idea.
DXY doesn't want his fateDXY is a clear situation to me - It still pushes up but that is going to get corrected big time - Either it will try to push to the top of the uptrend channel or will start correcting from here. Question of time. Bullish for stocks either way - no fundamentals are backing up further DXY rises other than fear. Justified fear, but too early yet for it.
EURUSD Unleash The Kraken!EUR has taken a nice beating for the past few weeks and even months. Right now it is sitting on support, after a curvy move to the downside - This results in a correction almost every time (saying "almost" to not sound cocky, but haven't recorded times where this hasn't happened).
EURUSD going up, means USD / DXY going down, resulting in stock/crypto pushing up!
BTC Replaying 2021BTC is doing the same thing it did in September 2021 - Triangled triple bottom on support. Apart from Weekly divergences pointing to 26-27k and indicators exhaustions with room to the upside - this is an additional pattern being re-played.
Today NFP - Expect anything, but for sure a bounce to the upside soon.
Cheers!
BTC taking it's timeBitcoin is consolidating in vulnerable areas to test out the market. This range right now is happening in a very crutial trendline formed by COVID's fall in 2020 and last local bottom - If we lose this one, we are open to a free-fall. But on the positive side - all indicators are exhausted on H4 or oversold. I Expect Bitcoin to bounce together with stocks either after NFP or next week. Bullish Divergences are also being formed.
BTC/SPX - pausing the fallsBTC is showing a bit of strength compared to stocks - we haven't bounced as planned yet - but the price of Bitcoin is ranging when SPX was falling - therefore Crypto seems to handle this area pretty well. Expecting a push to the upside for stocks - which could trigger a stronger response for crypto - as per this chart suggestion. All indicators are either low or exhausted - a relief is in the area.
DXY continues teasingDXY keeps consolidating around the local top area, forming an ascending triangle - the breakout will be crutial therefore this remains to be monitored. Either breakout will lead us to the according major trendline. Considerating SPX being oversold and VIX consolidating - it is likely for the Dollar to take a pause and go for that correction much needed soon.
Stay tuned for the upcoming NFP. I remaing Short until I see the correction.
SPX getting readySPX has bounced as predicted, but the strength wasn't there - it went even lower before retesting the local top, but now parameters are looking great. Trend Exhaustion is very low on H4, Highs&Lows and Momenter are also on the lower part of the graph - and most importantly - RSI is totally oversold. Upcoming NFP could be a trigger to push the markets up next week.
VIX in ConsolidationVIX has hit my target and is now consolidating in that area. The index bounced off of a major long term trendline without retesting the broken wedge. Further consolidation could result in a push up until that higher long-term trendline. Market is possibly also awaiting tomorrow's NFP results before moving in any direction. Stay tuned until tomorrow and we will see a prediction for next week.
BTC/SPX as expected...almost.BTC is still slave of stocks - or even worse - But it may be because of the trend line restest here on the chart. Other than that - many hidden bullish divergences and I expect Crypto to come alive to retest the daily 200 ema in the near future. DXY, SPX, VIX and BTC analysis agree with this perspective aswell.
BTC - Big htf bullish divergencesSo this start of the week isn't the most bullish, but you want to trade what's not on the chart yet.
Checking H4 indicators, TrendExhaustion and RSI signal a hidden bullish divergence, meanwhile the price does new local lows - I expect a bounce to 22' (at least) in the near future based on that.
Another Signal comes from the Divergence Spotter ("L") which suggests longing aswell.
VIX - published yesterday - has reached the wedge's target and I expect it to come down to retest the broken wedge - which would also be bullish for stocks and crypto.
Not yet the bearish movement I'm seeking. Longing.