Having bearish market structure on big timeframes like the weekly should give us enough time to watch the price action and go with the follow We had zone 3 marked since April last year and I thought we already skipped it, looks like I might be wrong thinking that I was wrong lol Trading is all about knowing the possibilities, calculating the risks and act accordingly
Its been 11 weeks in a row, where the #DXY closes in green This is a sign of a strong uptrend to say the least Market are not pricing this as bloody as it could get Stay cautious Stay safe Trade responsibly
Zooming in into the hourly chart, Bitcoin looks like it wants to break through the resistance There is a clear setup on the hourly using the previous low as a stop-loss aiming for 30k first TP is around 28k +/- Not a financial advise, just chilling
If Bitcoin break the rising channel which is coming after a downtrend rally, we have an appointment with 14k on a daily close with a capitulation wick deviating from the support line at sub 14k to around the 12ishk See you there, until then enjoy trading in the zone 😉
Since illuvium cant cross the current resistance at 300 and something, I think illuvium at 108$ is going to be sexy
Bitcoin is crossing a critical resistance in a move that target 28k, no 100k talk yet! but we are now back above the 200 Weekly MA, reclaimed the 34 EMA as well so lets watch and see
A lower high which means down we go from here $Matic just made a lower high which means down we go from here, My first target is 0.6226 then 0.522 I will know I’m wrong if we made a close above 0.7134, which will be a breaking of lower high and that is my risk defined right there All we need is for #bitcoin to say the word and boom!
Could $BTC bounce from here? I'm not sure, but if we do, 32% is on the table risk to rewards looks good, trading is not about certainty, its about running calculated risks knowing the odds, praying for the best. Now I'm waiting for a chart pattern to be constructed, and might enter with the breakout. PS: This is not a financial advice, right now this is not...
$ETH is in the process of printing an inverted head and shoulder pattern on the 3 Hours timeframe, downtrend is getting weaker and if we broke the blue line and printed the right shoulder, we a good 4 R Strong divergence is a good sign for reversal patterns, let's watch and see 👀 Sellers need to take a rest, we probably going lower (per cycle thesis), but a...
DXY is performing a cup and handle, with a target around 120 markets are going to struggle for the next month or two, tough times huge opportunities
ETH/BTC finally broke the channel and start bleeding🩸 , for the past months ETHBTC was showing strength and trading inside the channel for a while, the more we stayed inside the bearish channel, the more you should get worried, because this means our journey to the downside is going to be painful. After breaking the first support line, it’s a matter of time until...
Bitcoin is now at support, even if we are going lower (which probably is where we are going) bitcoin has a great chance to bounce from here and reverse the trend to 25k maybe flirt with the 27k then down we go
If we broke the rising channel, targets are 33k, 30k, 28k, 25k, 20k, 17k Don’t try to catch the falling knife, enter after we have 21 days uptrend, if we broke the channel to the upside enter after 2 daily close above 50k
Once bitcoin decides its time for flipping the downtrend and reclaim momentum, LUKSO is an altcoin you don’t want to mess
As shown in the chart in each cycle the bitcoin tend to visit the 200 Weekly MA in its last bear trend capitulation, notice the following terms in the chart: - Golden zone: is the area where Bitcoin will potentially mark the bear market bottom, and most traders will agree its a bear market and flip bearish, the bear market will be at it final accumulation...