Hi, My latest analysis of Bitcoin, conducted on March 18, 2023 , focuses on a Weekly Timeframe Analysis and includes experimental resistance levels. As of March 21, Bitcoin has managed to stay above the critical support level of $26,309 but is encountering difficulty surpassing the $28,570 level. Upon examining the chart, you will notice that the price is...
Hello, The Bitcoin price chart shows the past and future support and resistance levels that can affect the market sentiment and the price movement. Support levels are areas where the price tends to bounce back from a downward trend, while resistance levels are areas where the price tends to reverse from an upward trend. The chart also shows the supply and demand...
You can check out my view on the HTF BTC trend, by checking out the link to the related ideas section. As you can see, the HTF demand level worked as expected and the buyers pushed the price above the mid-Monday level. However, in order to speak of an uptrend first, the price should clear the 43980 level and should hold the red box area with a retest. Then, we...
As you can see from the daily time frame. Btc, took the liquidity from the supply area and met with high selling pressure immediately. In order to defend, bulls should hold the purple area along with the support zone where marked with Fibonacci levels. Below this support zone, there are lows that have not swept each other, during the early stages of the rally and...
Hello Everyone, This is an updated version of the already published idea, along with fresh levels to watch out for, and some commentary to guide you to understand how this system actually works. There are new levels called: Double Decisive Area Some of the important levels were updated to have thicker lines to highlight the importance of the said zone. Right...
After a long period of time, Eth/Btc finally tested highs of May 10 2021, back in December 2021, and met with a seller pressure, which led the price to the closest demand area and now it's still in a sideways trend, which makes it unclear for Ethereum, whether if it's bullish or not. In order to talk about a bull trend. The price should close above the red box...
Hello Everyone, I recently published the HTF version of USOIL. This is the daily chart for those who are interested in short term resistance and support areas.
Hi Everyone As you may know, with the beginning of tapering and early signs of rate hike. Gold met with a slightly bullish buying pressure which resulted as a retest of the local resistance. If the buyers manage to push the price above the said level, there is still an unfilled gap between 1815-1843 levels. And above that, around 1850.80(which is marked on the...
Hello Everyone First of all, this one is for educational purposes and definitely not for trading or any sort of investment advice, therefore it's only an analysis. Since this is a monthly chart, you can clearly see Eur is still in a downtrend and the recent retest of the supply zone clearly shows bears are in control and the price stuck in a huge range. If the...
Hello Everyone, As you know, Crude Oil took a hit during the early stages of pandemic and became relatively cheap for a while. However, with the beginning of 2021, energy crisis occured around the globe and the whole climate crisis made things a lot worse for both consumers and producers. And still, global energy prices continues to go up. Anyway, let's take a...
Hello everyone, This is an alternative version of Btc Dominance. To keep it simple, it's the flipped version of the dominance but gives you a clear view regarding to altcoins vs btc dominance.
Hello everyone, Eth/Btc has been bullish for a while now and despite the downtrend of Btc, Eth managed to keep it up and finally visited a significant price level after 3 years. However, it's still stuck in a range and haven't give us a clear clue yet, whether if it's going to test the recent demand or taking the liquidity from the imbalance zone. If the price...
Hello everyone, I've been working on this projection methodology for a long time and this methodology helped me a lot even before BTC managed to break through Old ATH levels. Now, several months later, Btc approached its recent ATH level again and I think think that's a good idea to share what levels might be expected to work as resistance, consolidation, and...
Hello Everyone, Bitcoin recently touched/breached it's former ATH at some exchanges and this price move met with serious selling pressure which led to a retracement to 18K levels. There, aggressive buyers stepped in with a significant buying activity and managed to hold support level around this level. During this retracement, the price also touched at WO(Weekly...
Hello Everyone, While most of the DeFi products made significant returns back in summer, most of them began to decline and continue to downtrend for a while now and Comp is not an exception. Made lower lows and lower highs since September, Comp finally managed to make a retracement to 117-120 level but met with a significant sell power around 118. After the...
Hello Everyone, It's been a long time since I analyzed precious metals, such as Gold and Silver. Since the drop from the gray supply area made a retest to the red area and continued to drop even further while making lower highs and lower lows within Fibonacci levels I have drawn on the chart. Unlike BITSTAMP:BTCUSD , Gold did not recover from the drop so fast,...
Hello Everyone, It seems OANDA:XAUUSD found one of the first strong resistance levels after initiated the price discovery phase and the price has been continuously dropping for 3 days. On LTF, the price broke several support levels and also began to make lower highs and lower lows. On HTF, the price ripped through one of the nearest support levels and closed...
Hello Everyone, I just wanted to make a quick update on DXY and wanted to share something i noticed on a daily chart. As you can see, back in February 20, the price made a move similar to March 20 pushed down DXY continuously for days, and finally, after that parabolic arc, DXY had found support, made a trend reversal, and gave a visit to the previous upper...