USDT LOOKING FOR LOWER PRICES. levels to clear as support shown.
Watch out for these levels on USDT. Once it breaks one structure, it moves to the next one. Trading level by level.
The USDT dominance is due for a correction from the strong downtred it is at the moment wich may even bring new swing highs. I am paying atention to go Short on cryptocurrency whenever it shows me an entry opportunity on smaller time-frames.
Here we look on the levels acting as resistance and support on USDT. Break of trendline either way, should give more strength on the movement it takes to break. I am leaning more on the bullish side of USDT, but playing level by level.
The TCMC is sitting on a strong support where a potential bounce is possible. Pay attention on smaller time-frames, wait for price action, patterns, proper confirmation for a possible move upward because it is also possible to break the uptrend and this would put the crypto market on a difficult position.
CAD gaining a lot of strength against USD for a few months. RSI pointing for another leg down, Stoch RSI way overbought for a few months now. Looking good for a long term position with a very good Risk to Reward.
USOIL has perfectly hit our predicted target of $86, getting a reaction at the level, and later on breaking up to reach a High of $129. It has closed is monthly candle on a strong resistance from April 2011. Will USOIL find the strength to break that resistance in a few months? I am predicting that it will break this resistance and finally reach $140.
USOIL forming a big W pattern on a Monthly time frame, and could reach $86
EXTREMELY OVERSOLD. Strong monthly and weekly support. We should see a relief for a couple of days at least.
In this chart we take a look at the possibles levels for the bear market bottom. We took the 2 previous bear markets from top to bottom, and both of them gave us the same level for a possible bottom for Bitcoin, from $20k - $17k + - a few hundreds. The yellow bars indicates the first bear market, and the black bars indicates the 2nd bear market. both bear markets...
BITCOIN PREPARING FOR A MASSING MOVE UP. We just saw a shakeout couple hours ago, creating a retest on the inverted head and shoulders. Monitor current price levels for an opportunity to ride it on its way to $100K.
BITCOIN is testing a weekly resistance, which can bring it down to test the weekly support again around 39k, for a possible W pattern if bulls reclaim the level as support. lost of 39k as support, bears will have more strength to push it down to 35k. And success on reclaiming 39K as support, and break the weekly resistance 43.2K, we will have more hope on the...
The TOTAL CRYPTO MARKET CAP is found on a pretty strong support, where we have $2.153T and $1.965T as Monthly supports, and $1.963T as weekly support. The recent dump took it all the way down to the Monthly and weekly support of $1.96T, where we got a bounce pretty quick. There is a possibility that we could slowly test the $1.96T again in the few next days. A...
DXY has seen strength against major currencies these past few weeks, and is now in overbought territory on RSI, which coincides with the monthly resistance. I am waiting for more confirmations on smaller time frames for an entry position to start selling the $.
The USDT DOMINANCE, shows the strength of USDT against the overall cryptocurrency market cap. In it, we can have a look on how investor are feeling against the overall cryptocurrency. The USDT is on a strong weekly resistance area around 3.88%. In which we can expect some reaction from the bears, which will benefit Bitcoin and others. Level must be monitored for...
My BITCOIN analysis is still on track for a Bullish move soon. expecting a bounce from this level. 38K-40K is a strong weekly support, combining also with the fibonacci level 61.8%, it should give BTC enough strengh for a strong move to the upside, possibly to new highs.