See my DXY analysis for my full view on the performance on bitcoin (and other risk assets as well) -Summary- bullish like 2018 until end of year. -This chart pointing out time frames of past cycles, the over all market structure of bitcoins price, and the transformation of a bullish trend into the parabolic. (where I think we are now)
Ethereum is forming a classical bottom, 1382 is a protected area and 1450 is the limit to the channel, 3 major dates incoming: 22 april - crossing channel 29 april - test of the protected area 07 may - Major Pectra Upgrade, Ethereum fees will go lower than Solana. At a penny for each for transaction.
If the price breaks and holds below the psychological level of 39,000 — which is also a weekly resistance — we may see the 37,000 and 36,000 levels. However, it depends on the next weekly candle
In the later stages of the liquidity cycle you have a devaluation of USD leading to bitcoin breaking out of its bullish trend into a parabolic trend. -Last 2 cycles this predictive correlation leaded bitcoins breakout by 4 to 6 months. -Current cycle DXY/Bitcoin charts look very similar to 2018 Taking this correlation into account, we could likely see the bullish trend on Bitcoin transform into a parabolic trend sometime between May and June. Meaning, we are in the final stages of a bottoming in Bitcoin at the time of this post, likely about to continue bullish momentum as we just went through significate market strain. Removing the possibilities of another Black Swan event, like a major geopolitical event but it is my belief that this was already priced in from the markets reaction just this month. This being said, there are no certainties. Things could always get worse. Time will tell, but given my aforementioned annalists, the buying opportunity at this current point is to great to ignore. Reward greatly outweighing the risk.
Hey Traders, in today's trading session we are monitoring AUDJPY for a selling opportunity around 91.800 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 91.800 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 86.000 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 86.000 support and resistance area. Trade safe, Joe.
Something like this, the Daily PA is threatening a big move down. If we don't liq grab here I think we can end of month. This is such a typical thing on a bearish month - last few days liq grab.
After a strong drop and stabilization, where the price did not make a new lower low, we are only looking for buying opportunities, assuming the price bounces from the marked lower zone. The full analysis is shown on the chart.
Render Token is super ready right now and the correction bottom is now confirmed. Notice this pattern on the chart. There are two lows and then a move back above support. The current candle is the bullish signal. After trading lower, it is now at the upper end of the session, trading near the session high. This high is higher than the previous session open and the close of the one preceding it, the full green candle. After the main low there were two strong green sessions. Followed by one red session and the current session moving lower, meaning bearish action. This bearish action is being negated and once this session closes green, we have a very strong bullish signal with the bottom confirmed. This will be the start of the next bull market phase. There will be long-term growth. RENDERUSDT can grow much more than the 340% shown on the chart. It will definitely go much higher, this target is for the mid-term, within 3 months. It will start to grow now, in the coming days and weeks and everything will speed up. This target will hit but no big deal, there will be more. Expect a correction between now and the final bull market bull-run. The correction can last three weeks just as it can last 2 full months or more. We will have a better idea when the bull market starts to develop. It is still very early but also very close. We have only a few weeks before the entire Cryptocurrency market turns green. Namaste.
ikola Stock: A High-Risk, High-Reward Opportunity Nikola is currently at the end of its downward trend and is showing signs of strong accumulation and a potential bullish reversal. We are preparing to enter at the beginning of its first upward wave. I will provide three target levels for short-term traders to consider taking profits, along with a clearly defined stop-loss level indicated on the chart.