BTC PULLBACK and STRONG DROP/13.500 REJECTION/ BTC/USD DROP Hi,
So far what we 've seen on BTC?
We' ve seen breach of 8000 in a form of a tripple bottom.
We had breach and retest od 10k level which occur soon, but as per tech side.
Daily StochRSI nearly peaked so 13.500$/BTC will be the mathematical and funamental maximum of BTC price judging per any perametar given and available to research.
MACD BULLISH, but, regarding volume circulating and so far existant fractal shapes, there no doubt that this formation of #BTC/USD will colide and make rejection from 13-13,500$ and that's a fact i would condlude this article, because we've reached higher high and so far volume on daily basis VS incoming massive stock colision in the future will bring crypto as money moves from stock which are colliding one by one, starting with german and us economy.
Euro will grow over USD 1:1.35 in the last instance (as per my model) and since BTC behaves like " hedge fond for USD" and USD circulation on crypto section is like 111 billions during past 24h, you can imagine interest rate of liquidaty of USD throughout BTC price will imminently so as decribed.
When stock crashes, all the shares, bonds, equities fail, people will move capital from one sector to crypto and that will imminently in time bring crypto on as a " BIG DEAL", but let's put that aside.
Price mechanism should be BEHAVE 13.500$ at best, then rejection (i would personaly short from 13k instantly with 4-8 leverage), even x20 with smaller ammount from 135xx downwards towards 11,200$.
Thank you for reading this article.
Cheers.
Dax30short
28/10/2020 #DAX30 Looking for more sell but open to pullbackLots of selling yesterday (27 Oct) for #DAX30 #FDAX, closing at the lows.
Selling pressure still on but there might be possibility of pullback. A lot of room to play for the pullback.
12162-86 will present a low risk short zone with purple lines 11940, 11986, 12050, 12110 resistance along the way.
If 12162-86 does not hold, 12230 should cap high of day.
Below targets are 11828, 11720. In the event of panic selling, 11490 should cap low of day - low risk buy level.
DAX sitting at support as bears lick their lipsThe DAX recently broke down below a key daily bid zone (support) and is now sitting right on another around 11960. With the numbers of covid cases on the rise in Europe and further restrictions to come, sentiment is turning very negative for the economy. We are now watching for a big move down and will be looking for a lower high to work from. Either a retest up towards 12309 and then short or a break then retest of 11960.
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Dax30- Next station 11500?Since the beginning of July, Dax30 is consolidating(distribution in my opinion) in a timid H&S (timid because you can barely distinguish the head from the shoulders)
Now the price is at neck-line support and in case of a break the next target is 11500
Look to sell rallies or sell the break
DAX30 SWINGits been days since DAX30 rejecting @13283 zone as there is a big potential that it'll keep rejecting @12907 zone for now we'll be waiting untill price retest red rectengle zone then its may fall towards @12524 level
What are your thoughts for DAX 30?For me they are short long term. I would love to know your opinion on the comment section.
DAX - Monthly; Massive SHORT, long term.Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general,
all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
head & shoulder pattern on Daily chart!head & shoulder pattern on Daily chart! it should reach during oct. 13160-132k than flush-down from there until dec and further. Pls consider your own risk and levels. good luck.
DAX Triangle unfoldinghi all,
I guess DAX is currently unfolding a triangle. Triangles indicate the end of a trend. Money is being reshifted.
We might expect a last push higher and then continuation of lower prices.
The retracment of wave (i), ie. (ii) seems to unfold as an expanded flat, which would also a bearish sign.
The inner counting of a triangle consists of 5 legs. At DAX I have counted A-B-C so far. D and E are missing.
Kind Regards,
Merakshi
DAX outlook next weekhi all,
Dax has built several nested 1-2 legs.
I am expecting wave (2) to unfold as an expanded flat and touch resistance at 12674. So price would have bounced from this level down three times. This would support the bearish stance.
Stop-loss for this kind of sell trade is about wave ii (above 12810). If this analysis comes true we can expect a very sharp drop of the DAX. Even worse than the -4%? We will see.
Cheers,
Merakshi
Short position on daxA downward continuation pattern on Dax. Break of current support is highly possible then we hold till the below support and see how it reacts. What do you think?
DAX approaching retracement levelshi all,
In my previous analysis I expected the DAX to trust from an Ending Diagonal Triangle. Now this thrust happened and DAX is approaching significant retracement levels.
I expect DAX to retrace either to 32,8 fib or the level above in the chart. Afterwards wait for price to break confirmation level. Probability is high that DAX will resume downtrend in Wave iii of (3).
Kind Regards,
Merakshi