BTC GOING TO 32000$?Although according to the previous analysis, I believed that Bitcoin will fall to 11450 and even lower, but market fluctuations and high energy took Bit to the price of $18,000, so now I believe that the whales took Bitcoin above $18,000 and allowed it to fall further. They did not give and they have manipulated the market. But whatever it is, the new analysis shows that Bitcoin has just started its way, and the candles are breaking the blue trend line, and Chico Span is crossing the Tenken Sen, and we shouldn't wait for the Kijun Sen to break.
I believe that when the blue trend line is broken by the candles, the next move for Bitcoin is to hit the red trend line. But all in all, Bitcoin should reach 50% Fibonacci and the price will continue until 50% Fibonacci equals $32,400. Although there is a weak upward energy in the positive movement of MACD, let us know that this energy is positive and it seems that the beginning of a positive but alive energy is like a bow and arrow that arches itself to shoot up.
Trendlineanalysis
xrp target is 2 or 6$?Ripple is a strange cryptocurrency and full of potential to increase in price. The reasons are its universal use and low fees, as well as the liveness of this currency. But I believe that Ripple will easily go up to 2 dollars, then it will hit the resistance at that point and it will drop a little until the nearest resistance, which may be the price around 1.5 dollars, and it will make a cup pattern, then it will go to 3-6 dollars by this pattern.
4 signals shows that BITCOIN is overbought.In this chart we see many signals that indicates that Bitcoin is overbought and that the price will soon be corrected and go back down.
- A trendline connected 3 corrections, but then the price rallied, thinking it doesn't has to come back to the trendline, meaning it is too bullish and is overbought.
- Candlesticks broke above the Bollinger Bands (BB), meaning there is an upcoming reversal.
- RSI is above 70 (=overbought)
- Bollinger Bands %B is above 1 (=overbought)
Using the TBS Strategy, consider selling when the BB %B crosses down.
xrp target?In the monthly timeframe, xrp seems to be dealing with further declines and has been successful so far. But what is scary is that MACD has not yet been tested positive and ChicoSpan has managed to break TenkenSen. So, it should wait for the MACD to become positive or show a record reaction to the lower trend line. Because if it don't show a reaction, it should prepare itself for a further fall, and the target will be $0.22.
TSLA: The BEAR TREND continues! Next KEY POINTS [UPDATED].• TSLA is in an incredibly sharp bear trend, and there’s not a single evidence that it’ll find a bottom yet;
• In the 1h chart, we see a purple trend line, connecting its previous tops, along with the 21 ema. Both points are working as clear resistance levels;
• Only if TSLA breaks this dual-resistance level it might have some chance of recovering – remember, “if”. So far, there’s no bottom sign confirmed yet;
• Even if TSLA bounces, the 21 emaq in the daily chart is another resistance level, and TSLA can’t break this 21 ema properly since September;
• In the lack of bullish reaction, TSLA is just heading towards our next technical support at $126, as I already mentioned in my previous public analysis (link below this post);
• For now, let’s pay attention to these key points. I’ll keep you updated.
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Bitcoin weekly chart analysis with possible bottom anticipationHello all,
As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so.
I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA ( Dollar Cost Average ).
I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !
Compare Trading Platforms Trendlines IIHi All,
I started comparing the PA of different Trading Platforms at the beginning of the month, because I had noticed that I had accidentally ended up on another platform in TV and it was different from Bybit that I trade on.
I know we've discussed this once in the past, and also in the past the differences were small, but I now see really big differences in terms of trend lines and parallel channels.
That's why I drew up a layout of 8 platforms after the dump and started setting the main trend lines.
I'm very shocked by it in any case. I'm not going to make a statement which one is best, see for yourself the differences.
This is also not any financial advice.!
Compare Trading Platforms TrendlinesHi All,
I started comparing the PA of different Trading Platforms at the beginning of the month, because I had noticed that I had accidentally ended up on another platform in TV and it was different from Bybit that I trade on.
I know we've discussed this once in the past but I now see really big differences in terms of trend lines and parallel channels.
That's why I drew up a layout of 8 platforms after the dump and started setting the main trend lines.
I'm very shocked by it in any case. I'm not going to make a statement which one is best, see for yourself the differences.
This is also not any financial advice.!
Whats next for SPY? This is a trendline I am watching going into the weekend on $SPY
The fact we did not test the bottom trendline before retesting the upper, suggest the next leg down will be more aggressive than the previous bear sessions.
Also, based on previous bear sessions, we head down -17.50 after rejection within a 50 day window. If we use the same price action, we can anticipate SPY to be at AROUND $330 by New Years. (Assuming it is not more aggressive. But I believe the next leg down will be)
USDCHF ! Trading at uptrend line, short trade idea.USDCHF broke the horizontal support of 0.99150. Right now, USDCHF is trading around the 4hour up trendline. For today, check will yesterday's level of 0.99150, then I think it will go down to 0.98400, If the level of 0.99150 is broken up, USDCHF is expected to rise to the level of 0.99700.
JICPT| US and Japan 10Y spread suggests where the pair go! Hello everyone. USDJPY has retreated from 152ish due to the intervention of Japanese government. In my view, the intervention may temporarily weighed on the pair, however, it won't prevent it go up further. The possible level it might go is 160.
Why long USDJPY might become the best strategy of the year? Let's look at the left chart, containing two lines, with purple line for spread between US 10Y and Japan 10Y bond yield(risk free assets of the two countries ). It's clear to spot that USDJPY has a very strong positive correlation with the bond yield spread. Japan adopted loose monetary policy with rate at -0.1%. Whilst federal reserve aggressively tightened the rate several times. Big institutions can make easy money by following steps. Firstly, borrow Yen then convert to USD. Secondly, invest US dollar in the US treasury market to benefit from the spread. The first step is definitely put pressure on Yen.
So, if you try to take short opportunities, take a hit-and-go strategy. The spread is expected to be higher because Federal reserve is likely to hike another 75bps in Nov. Don't go against trend.
The entry level for bullish setup on the daily chart would be around 144 below the uptrend line marked on the chart. If the pair misses the zone and continues to create new highs, looking for pullback on 4H.
What do you think? Give me a like if you're with me.
OCEANUSDTHello my dear friends
Currently, the price movement is at the end of the long-term downward channel.
A nice bearish wedge pattern is not formed for us, so I only included the bearish trend line.
Provided that the price range of $0.14663 is maintained and if the current trend advances to the blue range, there is a high possibility of forming an upward trend similar to the drawn scenario.
We would be happy to hear your comments.
EURUSD ! May show growth in the short term, long trade ideaEURUSD continues to fall due to DXY increase. EURUSD is supported by a strong support line and seems to bullish form. Several times in the past, this trend has shown support and up. If EURUSD can hold in the area of 0.96300~0.96000, it is expected that the up will continue.
Don't forget TREND IS BEARISH.