Buy the rumor, sell the news. Watching the show Billions simply changed my insights in market. Nowadays I don't trade manually anymore but now and then I enjoy trading on a high timeframe based on macro factors.
As crypto moved a little bit these past months I think it's time for us to get back on track and discover a few short-term trades. Eth has underperformed Bitcoin on its last move and as usual alts (leading with eth) are expected to start a sharp rise.
I would personally consider entering long-term buy positions around 25k. This trend line can be valid if confirmed and will create a healthy upward trend with proper corrections. If not, I also see the possibility of another dump around 20k which would scare people to death. I would enter big if that is the case and buy their fear and sell when they are greedy.
This potential zone can be a reversal point on BTC's way to upper levels. always a bit scary to trade against the trend but why not with good money management?
Technically speaking this formation is not going to end well :)) my 3 tp levels are demonstrated and I am waiting for confirmation to enter step by step
Since DXY was gaining strength and recovering from the devaluation due to the pandemic, it started a strong uptrend which broke through many resistances without any correction, fortunately, I was able to forecast this trend losing its momentum ( see my previous analysis on DXY ). I think it's time for DXY to rest a little bit and give us a lower high. I am trading...
Weekly analysis of bitcoin, I will trade these lines as soon as I see confirmation. Strong Resistance Ahead but this breakout is still valid from my point of view. In short, I am long till I see contrary signs. I also published my view on SPX and DXY, they all show the same thing! true or confirmation bias :)
Both BTC and SPX have a bit of rising potential in this trading week as they are both approaching tough resistance areas. Based on my DXY analysis this bear market has not ended and there is no fundamental reason to see a rise in the markets. (until we see a pivot from FED) These are just secondary reactions that prove markets are healthy
My view on USDT.D and how I will manage my positions in a week or so. I have a long on ETH rn despite the barrier ahead and the possible rejection from that level but I see quite a failure potential in USDT dominance which is followed by a mild rise in the market. If this setup fails we simply hit a stop loss and continue our trading.
Despite the weekly downtrend that we are in it right now, SPX can simply fulfill a little bull trend to the top of this channel as DXY is losing its momentum and has a bearish divergence. Please click on my profile and check out my BTC AND DXY analysis for further information
We are now watching DXY losing its momentum and giving BTC and SPX a bit of space to perform, as these past weeks weren't very good for investors. I anticipate a little bull trend ahead ( check out my next publication on #SPX ) SPX has bullish divergence and #btc is at the end of a price compression triangle that I believe we would see an upward breakout from(...
Brief summary of my view to the whole crypto market.
ETHBTC has performed really well these past weeks, looking for a big short opportunity as we're gonna see massive volatility in ETH regarding to merge and its consequences. I'm not either short or long on ETH I'm just looking at charts that's all.
Based on the strategy that I was working on, the divergence in OI and bitcoin price is obvious, this can be a bearish signal for bitcoin
Ethereum has been pumped up a lot more than I thought these past weeks, going up more than BTC and then correcting less than btc. I see a gap around 50% which is obvious in eth/btc chart as well. I don't know if eth is a bit overvalued rn or it's just performing differently?! in Low time frames (4h) btc is in a tight range but eth has is up 15%!
Healthy recovery of a strong bull trend . price doesn't go up in a straight line :)
Following macroeconomic situation and all the financial markets being on tight grip I anticipate lower targets for btc and spx this 20% decline will make btc fall more than 40% and that would be a target of around 14. Today, Aug 27th, investors moral is quite low and I believe this was the real DEADCAT BOUNCE that we were expecting.
NEAR has severe divergence not sure how it managed to stay there so long - Big short for NEAR