CRYPTO:SOLUSD is climbing the ladder. On daily chart, it broke short term down trend line, and has been making large green candles since FED announcement.
BINANCE:ETHUSD Seems to lose its steam lately, don't know what happen. It's also weak relative to BTC. Need to wait the MACD breaking out that trend line, not touching this token for now.
This is 4 hour chart of INDEX:BTCUSD . After making a run during last week, it's resting, make some correction, and now trying to catch its breath. Same thing with the daily chart, try to make up the level it lost by the correction. MACD is still on positive area, which is a good sign.
With FED & BOJ events this week, this thing TVC:DXY seems to be basing out and play around within the channel. Breakdown is possible with channel height as target price. Still neutral for now.
SP:SPX is at inflection point. A potential cup & handle if it managed to breakout. FED & BOJ rate decision are this week, watch out for the volatility.
NASDAQ:NDX is at inflection point of its short term downtrend line.
suck·er punch /ˈsəkər pənCH/ an unexpected punch or blow. So, there's sucker punch, and there is sucker move. Here's one of sucker move on SP:SPX , and I hate this kind of move. The price kind of enjoying the red journey & suddenly move to opposite direction in big way. So, is crash still on agenda ? Well, this one for me is kind of neutral for now as the...
Here's another hopium for INDEX:BTCUSD bulls. This one is weekly chart. Take a look at BTC ride from Dec 13 to July 16, which took more than 2 years to take shape. See how the price & MACD move during that time....could the history repeat this time around.
INDEX:BTCUSD is forming harmonic pattern on its 4 hour chart.
CRYPTO:SOLUSD is forming this pattern on its 4 hr chart.
INDEX:ETHUSD is forming this interesting pattern on its 4 hr chart.
After six months, CRYPTO:SOLUSD still trying to figure out which way it wants to go next. The price still swing in that rectangle. What I love to see is the price going down lower than its 5 August low, then make a bounce to start its run to ATH, just as it did in mid 2021....for now however, it still a patience game, let see how the market progress.
This one is probably the last case for CRYPTOCAP:BTC to keep its bullish narative : July 2021. When entering a bearish trend, it's not unusual for the price to make one final run to ATH, but with lower MACD (divergence). In 2021, BTC (the chart is weekly), made a drop to its Jan 2021 price level, but then made a bounce, made ATH, but with lower MACD, before a...
FED cut rate, BOJ raise rate, Yen carry trade unwind...... Plenty of naratives that can suit whatever the price action is, so let's take a look what the price tells us. It's breaking down the channel, and based on such, it might want to go to 137-ish. As any price journey, the price might decide to rebound...if it does, the lower boundary of the channel at...