Clear corralation between EURUSD and SPX (s&p500) movement. Every time EURUSD is in all time high or all time low in the last years shows a clear correlation between the EURUSD and SPX, working EURUSD as anticipated indicator on the next trend of SPX. NOT FINANCIAL ADVICE! THIS IS A REFERENCE ANALYSIS!
ETH is undervalued vs BTC, ETH.D (dominance) is just 12% of entire crypto cap although ETHBTC is on minimum support area. Momentum is another important characteristic as historical cycles demonstrate.
Lower strength on bullish movement as 2024 march pick and 2021 first all time high, usually MSTR used to trend direction a couple months before BTC. It is possible to see higher prices on BTC and cryptocurrencies, however MSTR could be overvalued and we could see lower prices making lower highs in the process.
BTCUSD is still in a bullish trend.
Area between 28.500$ resistence to 25.500$ support approximately.
It is possible it get down to 25.500$-26.000$ making a pullback for continue around 32.000$ after break 28.500$ resistence where we would have a new area between 33.500$ resistence to 29.500$ support.
We are looking a sign of a next bearish season on Ndx, we can see how we did not exit of bearish channel yet, so it is important to be careful for the next days on stock market. This is not a financial advice. Be careful and take care of your own risk management.
Analysis of bitcoin elliot wave theory edition. Possible next big drop on bitcoin to 12.000 dollars, that would create a new range between 15.000 dollars to 12.000 dollars for the next weeks.
Possible BIG downtrend on a long period in btcusd, there are a lot of causes, cancelation of payments on btc for buy tesla cars, new regulations for part of president biden, althought the situation of new covid mutation in india, this particular cases could produce a bigger drop between 22.000 to 16.000 approximately where it is an old range.
This is not an...
We are looking how the head and shoulder pattern is identyfing a long downtrend that is very possible for covid situation and new restrictions of cryptocurrency market. This scenario could produce a long downtrend movement on the next days.
This is just a personal point of view.
Take your own risk management.
Take your own trades.
This could be the END of the btc party, we are seeing a high risk area after joe biden news of regulations of BTC and covid19 conditions, this could produce a long bearish scenario, althought we can see how MACD and RSI in 50 position level are alerting us about a downtrend, however take previtions before may be a good idea.
This is NOT an finance advice.
Take...
We are seeing how NDX is respecting the trendline correctly, although we can see how is respecting rsi levels, but this may change at any moment for new restrictions of covid19 conditions, it is important to take care about any movement that you take.
This is not an advice.
Take your own trade.
Take your own risk management.
We can see how btcusd followed an alcist trend until december when btcusd breaks recistence in 20k, respecting an alcist trend line correctly.
However in the last days we could see how it is falling down for the covid conditions and this could produce a break of support on the alcist trendline.
This is just a personal analysis.
Make your own analysis.
Take your...
Possible big pullback after close of This big candle, in 24 days it is possible to see a reversal candle between 50.000 to 40.000 aproxamaly.
Take your own trades and your own risk management.
Rupture of btcusd range Right Now, we are seeing how btcusd is going out of range ratio between 22.400 and 24.200 aproximaly, it is probably go up between 25.200 and 26.000 ratio aproximaly, then we are going to see how btcusd consolidate again.
take your own risk management.
This is a clear projection of how i see btc right now, december probably would be an uncertainty month because of its historical data in relation with BTC.
However the following months have a more bullish outlook.
This is just a personal analysis.
Take your own analysis.
Take your own risk management.
New Elliot wave idea of BTC
Possible pullback in 12.500 range then price probably going to scale between 17.500 and 19.500 on the last 5th Elliot wave.
Make your own risk management and technical analysis.
We had be seeing an uptrend on BTC until some days However we have to be prepared for a next short pullback to 12.600$ approximately then it is possible a strong up trend or a short down trend, all depends of next monthly candle.
This is just an analysis opinion and don’t have to be used for own financial purposes.
Do your own technical analysis.
