Bitcoin is still holding support of the 36k area. So far, it seems it is acting as a solid area, and dips have been quickly grabbed by bulls.
So I've visualized three potential scenarios that could happen. I still wouldn't write move towards 29k area off. Especially if we see the dollar strengthening. DXY still has around 4% to go to test previous ATHs.
But we...
Ethereum did get below significant zone a couple of weeks back, which turned from support to resistance. Although we saw a second strong rejection to the downside, we're still below the zone, which needs strong power from bulls to get through.
Although bulls would be right by saying there is some positive development (rejection of move to the downside, outflow of...
NASDAQ has touched the second support (turning into a bearish market) but quickly returned above the first support.
We're in an uncertain time. However, a strong return above the weekly support usually points towards a bullish movement and candle looking bullish.
I'm keeping my rating neutral for now due to the external events and Bullard repeating he wants to...
Looking at the SP500 Weekly chart, we have so far retraced about 11% from the top, and it doesn't seem to be the bottom. The market appears to be going for another test of the 4200-4250 area. If the support breaks, we could reach the 4000-3900 zone.
If we try to simulate Covid not happening, consider that the market has seen a higher growth before Covid, take...
Bitcoin 4H Short is moving in the right direction so let's look at how the situation seems at Daily.
The next strong support is at 29-30k. It's also where Weekly EMA200 is, so let's see if bulls decide to deploy some cash.
If the support doesn't hold, we could be going down towards the 19-20k zone.
Nasdaq is showing a battle of bulls and bears on current weekly support and waiting for positive impulse. If bulls don't hold current weekly support, we could fall to 13350, leading to more painful days for the stock market. NASDAQ would reach -20% from the top. The area of 13350 is also where the price could touch Weekly EMA 100. If NASDAQ holds the current...
ETH/USDT is still under bears control and showing weakness. Money-flow is still negative, we've bounced off the trend line, and EMAs are respected. Going slowly towards 1.7k is still in place. With Bitcoin showing the same weakness, a bearish trend is more likely.
Bitcoin has rejected EMA 100 again and moving to the downside. We're at a support level at the moment and are about to determine the next move. If we manage to hold the area, we could see another push towards the EMA100 and EMA200. However, the money flow is not looking good, indicating that the support won't hold and we will see further move to the downside.
We...
I'm looking to enter short at 0.73385 level with S/L 0.73585 and T/P 0.73 as AUDUSD will be touching 200 Daily EMA and entering a strong resistance level.
