See if we ant get the dxy to the 111-113 area where we’re several patterns complete
200 ma wouldn't hit with any other timeframes beyond 4 hour
$VELO showing strength once again against BTC while heading up to test a LTF Livermore Cylinder. Timing could be right for a big breakout.
Currently, the price has formed a "descending parallel channel" and is moving within its boundaries. I expect Solana’s price to revisit the $200 level, which serves as a key support zone. After this return, I anticipate continued growth and a move toward a new all-time high. Trade Plan: EP (Entry Point): $202 - $196 TP (Take Profit): $240 - $260 SL (Stop Loss): $184 - $182 Personal Approach: I plan to buy Solana on spot in the $186 - $156 range since I’m targeting $300 - $400 levels in the mid-term (expecting another correction as well). If my futures position hits stop-loss, I won’t be upset at all because my spot position will cover any losses — I’m confident in this! What you should do is entirely up to you. DYOR.
Based on a measured move from a cup and handle on the logarithmic. Price is right on pace. I think this will possibly be a local top in lieu of a super cycle further backed by the muted 2020 cycle. Pushing BTC to 1 Million in 2026. I will build this out further into the future as long as this model continues to hold as beautiful as it has to date.
Potential short idea on AUDJPY Reasons for (potential) entry: - COT traders are buying JPY and selling AUD fairly aggressively - AUD cutting interest rates, JPY hiking interest rates - AUD could be under pressure due to reliance on China, who are facing economic uncertainty In the past, when COT traders have bought JPY as aggressively as this there's been a stock market correction after it. Not saying it's definitely going to happen again - but JPY is seen as a 'safe-haven' currency and it's usually bought up when investors are risk-off. Stocks have been on a crazy bull run for the last year, I wouldn't be too surprised if there was some sort of correction in it soon.
Based on Elliot wave , we are in the Wave 5. Seems like the price will break 23000.
Crypto Astro chart progression. Conditions remain favourable overall moving forward!
A quick post to cover Bitcoins Cycles with respect to the Monthly RSI. We can see based on the monthly close RSI values, a descending trend where each consecutive peak for consecutive bitcoins cycles have reduced in magnitude (i.e. a lower low RSI value coinciding with the trend reversal points. This trend is also evident with monthly RSI low values. Using trend lines (based on historic BTC behavior in the past), we can speculate what would not be abnormal monthly RSI behavior for this cycles (Cycle 4) top and the future bear market low. Have a play with the interactive tools in the post to observe details more clearly. I have also detailed Cycle 1-3 length from the bottom to the top, bear markets (top to bottom), halving's and each cycles Fib extensions for your reference. For greater detail, reference the below companion post to this discussion. https://www.tradingview.com/chart/BTCUSDT/CDcQRr0e-CYCLE-4-ATH-Mapping-DETAILED-Price-Levels-Time-Frame-Analysi/
GBPUSD have established LL and LH structure indicating trend reversal. Right now price pulled back to sweep liquidity. Expect price to start a new wave of lows. See chart for clarity on where price is heading to