Currently, DXY is sitting on top of a level that acted as resistance for almost a decade. Bitcoin is sitting below a major high time frame resistance level (former support) ETH has just deviated above a high time frame swing point, retested that level as resistance and is moving back down Technically, these three confluent factors (as I have been saying for...
I have provided details in the chart, overall I think R/R setups look juicy with targets on bitcoin to the downside as dxy bounces from support.
I am betting on the upside, target in chart. I need a winner lfg
Volatility is on the floor on the UNI 12hr. chart. Bollinger bands tight, we should expand in the next week and I am placing my bet on an upside target of 35. I have been getting a lot of Ideas very wrong, hoping for a redeemer in this one.
Believe it or not looking across the market as a whole I see alot of bullish price action and I do believe we could be getting to put in a leg crypto wide higher. However, if you wanted to hedge your longs with a potential short set up, just in case, I think tron here looks good for just such a set up. If the market as a whole begins to show weakness again I think...
Mid term I think we see a significant pullback in AVAX, Alt boys should hold off buying until below 50 at least.
We are consolidating under the 4 hour 200 ma. I think we get another flush lower before getting some relief in a dead cat bounce rally to the upside. Something similiar to what played out on the left side of this chart. Chop sideways and lower over the next month or two would not surprise me. Bullish into end of the year. Peace
I pray this happens, would love to see all the bull scum fomo boiz absolutly rekt, I doubt it will because bitcoin is like basically perma up only asset and bears are traditionally rekt. But one can hope.
X marks the spot, That will be where I tp my first set of longs, still down BAD on the day but making some of it back on this trade
Mid time frame price action I am watching. Currently 2x short from 45650, will cut if we reclaim zone shown on chart
Yellow box would be my target for next support, this idea only valid if we stay below diag resistance.
We got a daily bull cross. We are under the 200 moving average which will provide headwind. Overall I think we are at minimum preparing to test it.
Bitcoin Desperatley needs to hold this above these two averages. A couple more closes below and I believe the algos start selling hard.
Bitcoin has Retested major support and is bouncing off its 200ema, also we are printing a daily swing failure pattern. Major signs pointing to large bounce coming.
We have a failed bull momentum play to the upside. I personally believe shorting as we retest some of these moving averages is the play. I hate to see it bc I own spot bitcoin, but I think down is the way short/mid term.